Amid record inflation and a constant devaluation of their local currency, Brazilians are turning to cryptocurrencies and, in particular, stablecoins as never before.According to Receita Federal, the Brazilian tax authority, between January and November 2021, locals traded $11.4 billion in stablecoins and almost tripled the total traded in 2020. Stablecoins also traded $10.8 … [Read more...] about Why Brazilians Are Turning to Stablecoins Like Tether
Turning
Ethereum bounces but ETH price in danger of turning $2.3K into new resistance
Ethereum's native token Ether (ETH) reclaimed $2,000 in the early New York trading hours Wednesday as crypto traders assessed the Federal Reserve Chairman Jerome Powell's prepared congressional testimony.The ETH/USD exchange rate surged 7.19% to reach its intraday high of $2,019.90. Likewise, Bitcoin (BTC), whose 7-day positive correlation with Ether stands at 0.84 above zero, … [Read more...] about Ethereum bounces but ETH price in danger of turning $2.3K into new resistance
Crypto options are turning mainstream
Despite ongoing vaccination efforts and pandemic aid, the world’s economy looks remarkably different than it did over a year ago. The new financial landscape and continued uncertainty have accelerated the shift away from traditional financial institutions.As the economy attempts to roar into high gear from a standing start, the world of cryptocurrency has taken to the main … [Read more...] about Crypto options are turning mainstream
Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
Following their longest streak of selling since February 2018, institutional managers became net buyers of digital asset funds last week, offering cautious optimism that the worst of the market selloff has passed. Inflows into digital asset funds devoted to Bitcoin (BTC), Ether (ETH) and others totaled $63 million in the week ended July 2, CoinShares said in its latest report. … [Read more...] about Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
3 reasons why analysts are turning bullish on Curve Finance (CRV)
Choppy markets after a major pullback offer ample time to take a survey of the cryptocurrency landscape and find solid projects with improving fundamentals that have caught the attention of analysts and tokenholders. One project that has piqued the interest of many, including researchers at Delphi Digital, is Curve Finance, a decentralized exchange for stablecoins that focuses … [Read more...] about 3 reasons why analysts are turning bullish on Curve Finance (CRV)