Will Ethereum Overtake Bitcoin!? Another Ethereum All-Time-High! | BeInCrypto News
Cryptocurrency news for today April 20 – BeInCrypto
Half of eToro users prefer XRP
Ethereum 2.0 could take ETH to a new level of mass adoption
Hackers continue to attack vulnerable DeFi protocols
Strong demand for stablecoins is prompting the largest issuer of Tether to mint coins in large quantities. USDT capitalization has already looked over the $ 7 billion mark. Meanwhile, social trading platform eToro reports that more than half of users are buying XRP, and ETH investors are looking forward to the launch of Ethereum 2.0, which could be a powerful boost to cryptocurrency growth..
Read about how things are in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day, in our daily digest..
Ethereum 2.0 will lead to tectonic shifts in the economy
Ethereum is not very optimistic right now. However, the long-awaited network upgrade, planned for this and subsequent years, could become a serious impetus for the development and distribution of the cryptoasset. Ethereum 2.0 will not only change the consensus mechanism that users have been waiting for; there are also many scalable solutions under development that could unleash the full potential of the network. More details
Developer Collaborations Affect Cryptocurrency Price Correlation
Collaborations between cryptocurrency developers are affecting the price activity of digital assets, according to a new study. A group of analysts from the University of Trent and Copenhagen, as well as several other educational institutions, published a report according to which collaboration between cryptocurrency developers on the same projects carries a side effect of price correlation. Analysts investigated the daily behavioral patterns of various cryptocurrency prices, trading volume and market caps from three different sources, including aggregators: CoinGecko, CryptoCompare, and CoinMarketCap. More details
More than half of eToro users have invested in XRP
According to the latest quarterly report from eToro, more than half of crypto wallet customers invest in token. As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More XRP. This is the largest indicator of token investment. The second place was taken by bitcoin. Slightly more than 35% of users have invested in MTC. The top five most popular cryptocurrencies also included ETH with 23.9%, Litecoin – 14.5%, Stellar – 12.4%. In addition, a separate chapter of the report is devoted to the analysis of the DeFi market. Decentralized finance (DeFi) – this is financial services, technology-based blockchain that offer users access to open, efficient and … More. In general, analysts give positive forecasts for the development of the decentralized finance sector, highlighting its potential in the cryptocurrency market. More details
Tether’s market cap has exceeded $ 7 billion
Record demand for stablecoins pushes the world’s largest issuer to continually mint new coins. Tether Market Cap reached a new all-time high, and now on some exchanges the project token is traded at a premium. According to the Skew cryptocurrency tracker, Tether’s market cap has reached $ 7 billion Read more
DForce users have lost everything, hackers robbed DeFi protocol wallets
A Chinese decentralized finance project lost 99% of its ETH and BTC assets in a hacker attack. Lendf – one of two protocols supported by the dForce Foundation – has confirmed that its money pool was compromised on Saturday night (Sunday morning Beijing time) at block 9899681. According to Chinese news portal Chain News. However, in a pinned tweet on the Lendf page, there is still a message that it is the largest DeFi protocol with support for fiat money and stablecoins. More details
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