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Bitcoin and ether continue to make gains Friday and stakeholders are increasingly investing their crypto into DeFi. Bitcoin (BTC) trading around $11,333 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours.Bitcoin’s 24-hour range: $10,974-$11,460BTC above 10-day and 50-day moving averages, a bullish signal for market technicians.Bitcoin
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MakerDAO (MKR), the foundational protocol of decentralized finance on Ethereum, hit a new all-time high in the total value locked in its vaults.According to data from Defipulse, the value of the collateral locked in MakerDAO vaults is now slightly above $1 billion following a steep ascent that began on July
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Thursday was an up day for both bitcoin and ether prices. Bitcoin (BTC) trading around $9,590 as of 20:00 UTC (4 p.m. EDT). Gaining 2% over the previous 24 hours.Bitcoin’s 24-hour range: $9,364-$9,686BTC above 10-day and 50-day moving averages, a bullish signal for market technicians.Bitcoin trading on Coinbase since July 21.Source:
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DeFi is currently growing by nearly half a billion per week in used or ‘locked’ assets, with it coming close to $2 billion just two weeks ago while now it is ready to surpass $3 billion.Governance tokens, which give holders the right to affect the direction of decentralized finance projects,
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The total number of users engaged with decentralized finance (DeFi) protocols has increased by more than 140%, since exceeding six-figures for the first time in January.According to data published by Dune Analytics, the total number of DeFi users was just shy of 240,000 as of July 6 — increasing by
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The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value
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Dow Jones Industrial Average (DJIA) futures surged 120 points on Wednesday. Trump tightened his grip on re-election with a record-breaking victory in the New Hampshire primary last night. Historically, a strong economy and consumer confidence points to Trump’s victory in 2020. Dow Jones Industrial Average (DJIA) futures are getting a huge boost on
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The number of Ether (ETH) locked in decentralized finance (DeFi) applications reached an all-time high of 2.7 million, according to DeFi monitoring resource DeFiPulse, and has been steadily growing since the end of June. Of the 2.7 million ETH locked, 2.1 million (77%) are locked in the system behind the
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