SBI VC Trade Launch XRP Lending Services To XRP Holders
SBI VC Trade, announced the launch of XRP lending service to enable holders earn interest when they deposit XRP. Users can deposit from 1,000 XRP tokens to XRP 100,000 tokens for a lending period of 84 calendar days. SBI VC Trade lending service could initially support only Bitcoin after it was launched, with the minimum deposit of 0.1 BTC but it now also offers XRP lending.
Blockchain-based Service Network Integrates Cosmos (ATOM) Into Its Chinese Network
Cosmos (ATOM) becomes the first public blockchain to become integrated into China-based Blockchain-based Service Network (BSN). The integration is an Open Integration Blockchain called Wenchang Chain, developed by Chinese blockchain startup Bianjie (the company behind IrisNet) This Permissioned version is in line with China’s regulatory guidelines. This integration with Cosmos could be in line with BSN’s plan to promote permissioned blockchain interoperability.
DeFi Explodes As Total Value Locked Hits ATH of $33.51 Billion
DeFi total value locked (TVL) hits an all time high of $33.51 Billion with DeFi daily growth value increasing to about $3 billion. DeFi explodes as Ethereum hits new all-time high above $1600 and top DeFi platforms like Maker DAO, Uniswap are experiencing massive growth. More people are surging into Decentralized Finance as alternatives to traditional finance. However, ethereum transaction fees has been on the increase too.
$25 Billion Coming To Bitcoin Through Institutional Investors By Year End
Ross Stevens, Stone Ridge Asset Management executive, shared in a conversation with Michael Saylor of Microstrategy that he is confident that $25 billion is coming to bitcoin through NYDIG by the end of the year. NYDIG currently have over $6 billion in bitcoin now. He said they had 25 to 280 institutional investors between last year and this year. Americans would be able to get their salaries paid in Bitcoin within a year, Stevens said.
Total Market Value Of Cryptocurrencies Hits New ATH of $1.139 Trillion
Total market capitalization of all cryptocurrencies hit new highs of $1.139 trillion on February 4, very close to the total market cap of silver, at just under $1.5 trillion. Bitcoin and Ether has been taking the lead of driving the total market value of cryptocurrencies higher. Ether’s surge in price is also followed by increased gas fees, a major influence on DeFi protocols. Vitalik Buterin and Eric Conner fee and burn solution for Ether.
Dash Trade Volumes Soared To 282% As Merchant Adoption Increased
Dash Core Group average trade volumes surged to 282% from $9.8 million to $37.4 million as merchant adoption increases. Quarterly average trade volume increased by 48%. The total volume of payments increased up to 80% from the previous year, hitting $916 million. Commercial payment values rose 37.3% year-over-year, exceeding 22,000 transactions per day, of which report shows that it’s higher than Bitcoin (BTC) and Bitcoin Cash (BCH).
Gamers To Earn Bitcoin When They Play Counter-Strike
Users can now earn Bitcoin when they play PC shooter Counter-Strike: Global Offensive, based on their in-game performance. To enable this, Bitcoin startup ZEBEDEE will launch the first servers for popular first-person PC shooter Counter-Strike: Global Offensive (CS:GO) which will integrate Infuse technology to make this possible. ZEBEDEE co-founder and CEO Simon Cowell believes the ZEBEDEE integration will change the world of informal esports gaming.
Logan Paul To Sell Artworks As NFTs Alongside Pokemon Booster Packs
Logan Paul plans to sell some artworks in the form of non-fungible tokens (NFTs) alongside upcoming “Pokémon Box Break”. During the sales, he will sell 36 of the Pokemon booster packs at a minimum bet of $10,000. Every winning bidder on the packs will receive one of Paul’s NFTs. Paul spent $2 million to buy the 1st Edition Pokémon Booster Packs and would need to sell each of the packs for $55,555 to break even.