The DFi Labs Wrap
CRYPTO ASSET MARKET PERFORMANCES The markets have been low for a while now, and last week seemed no different. The global cryptocurrency market capitalisation is $1.40 trillion, a 0.18% increase over the last day. Total crypto market volume in the last 24 hours is $56.36…
The DFi Labs Wrap
REGULATING CRYPTO EXCHANGES Cryptocurrency exchanges have long been the subject of controversy, especially in relation to the numerous incidents of hacking and problems related to anti-money laundering controls. However, regulatory focus is slowly turning to their core activity, trading. While cryptocurrency trading is not directly…
The DFi Labs Wrap
CRYPTO ASSET MARKET PERFORMANCES Major Cryptocurrencies prices continue to be in the red on June 21. The global cryptocurrency market cap is $1.38 trillion, a 6.82% percent decrease over the last day. BTC/USD Bitcoin’s price is currently at $33,276.60 and its dominance is currently 44.89…
The DFi Labs Wrap
CRYPTO ASSET MARKET PERFORMANCES BTC/USD Bitcoin rose by 0.48% in the week ending 6th June. Since the price of BTC dropped below $40K in mid-May, the price of the asset has meandered throughout the $32K-$38K range, never quite managing to gain momentum for a break…
The DFi Labs Wrap
CRYPTO ASSET MARKET PERFORMANCES BTC plunged on Saturday, reaching a one-week low of $33,425, after plunging about 36 percent in May, its worst monthly performance since September 2011. Bitcoin’s plunge also spread to other cryptocurrencies, which endured a torturous few weeks as fears of a…
The DFi Labs Wrap
WEDNESDAY’S FLASH CRASH : IS THIS FUD OR SOMETHING MORE ? It’s been a crazy week and it’s been hard to keep up with all the FUD (fear, uncertainty anddoubt) that seems to be coming our way. There is a lot of panic in the…
The DFi Labs Wrap
FACTORS INFLUENCING CRYPTOCURRENCY PRICES: SOCIAL MEDIA, INTEREST RATE, INFLATION… Tesla CEO Elon Musk tweeted on Wednesday that Tesla has suspended the use of bitcoin topurchase vehicles, citing concerns about “rapidly increasing fossil fuels for bitcoin mining andtrading”. The move caused the digital currency to plummet,…
The DFi Labs Wrap
Over the past month, Bitcoin’s dominance in the cryptocurrency market dropped below50%, which is the first time since January 2018, and the currency experienced a monthlydecline of 1.9%. While Ethereum recorded its highest level ever with a 44.7% gain on Thursday as Bitcoin’s dominance in…
The DFi Labs Wrap
CRYPTOCURRENCIES FALL DUE TO POSSIBLE BIDEN CAPITAL GAINS TAXATION Cryptocurrency prices have fallen across the board, ending a recent rally for ETH and pushing BTC below the $50,000 mark on concerns that United States President Joe Biden’s plan to raise capital gains taxes will curb…
The DFi Labs Wrap
DO CRYPTOCURRENCIES FACILITATE ILLICIT FINANCIAL FLOWS? Bitcoin tumbled more than 15% on Sunday, just days after hitting a new high. This is the biggest drop in the last two months. The world’s largest and most popular cryptocurrency fell from over $60,000 to under $52,000, while…
The DFi Labs Wrap
TOTAL MARKET CAP TOTAL VOLUME BITCOIN DOMINANCE This past Monday, fueled by the surge of the second largest digital currency, Ether, the value of the cryptocurrency market surpassed $2 trillion for the first time. This milestone came less than three months after the total market…
The DFi Labs Wrap
Coinbase set to go public on april 14 – An Important Step Towards Further Adoption of Cryptocurrencies: An Important Step Towards further Adoption of Cryptocurrencies The much-anticipated Coinbase Global Inc, the largest cryptocurrency exchange in the UnitedStates, has finally received approval from the U.S. Securities…
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