Leading decentralized exchange (DEX) Uniswap has hit a new milestone. The weekly trading volume on Uniswap surpassed $10 billion for the first time ever. Daily volume, meanwhile, is $1.5 billion, which hit its all-time high at $2.2 billion in late October. The latest milestone represents half a trillion-dollar volume every year. “Uniswap weekly trading volume […]
Tag: STO
Facebook-Led Stablecoin Project, Diem, Planning A ‘Small-Scale Pilot’ in 2021
Facebook-led digital currency project, Diem is set to launch a small-scale pilot project of its first stablecoin later this year, a source familiar with the matter told CNBC. According to the report, Diem Association, a Switzerland-based firm building the project, plans to launch a dollar-backed stablecoin largely focused on payments between individual clients. The pilot […]
Starting Today, 70 Million Venmo Users Can Buy and Sell BTC, ETH, LTC, BCH
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The broader Venmo community now has access to an easy-to-use and intuitive crypto platform to help them take part in the cryptocurrency market. The launch of the feature furthers PayPal’s commitment to educating its […]
Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest
Inflows into digital asset investment products totaled $233 million last week, the largest since early March. It is, however, nowhere near the record inflow seen in late January. CoinShares, one of the largest crypto asset managers, in its weekly report wrote, “We believe this recent renewed appetite for digital assets is due to a combination […]
eToro introduces Chainlink and Uniswap to its platform
Digital assets exchange platform, eToro, has announced the addition of new crypto offerings in Chainlink (LINK) and Uniswap (UNI) The social trading platform, eToro, yesterday confirmed it had added Chainlink and Uniswap to its list of offered tokens. The overall crypto market has seen tremendous growth in the last few months, and eToro has been […]
Without Crypto Services, US Banks Forgo Client Base the Size of Canada
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The calcified banking sector has all the funds in the world to update their offering and move along with the crypto times. Because it is too difficult to imagine their too-big-to-fail status becoming endangered, […]
The ‘Main Role’ of Bitcoin and Stablecoins is “Investment Alternatives,” says China’s Central Bank
China’s central bank is calling crypto assets, Bitcoin, and fiat-based stablecoins explicitly an “investment alternative.” “We regard Bitcoin and stablecoin as crypto assets … These are investment alternatives,” said Li Bo, deputy governor of the PBOC, on Sunday during a panel hosted by CNBC at the Boao Forum for Asia. “They are not currency per […]
UK Hedge Fund Brevan Howard Plans to Invest 1.6% of $5.6B Capital in Cryptocurrencies
European hedge fund Brevan Howard Asset Management is reportedly planning to invest part of its capital in Bitcoin, according to Bloomberg. Hedge Fund Joins League of Institutional Investors Per the report, the firm is set to invest up to 1.6% of its $5.6 billion capital in cryptocurrencies. This translates to about $84 million soon to […]
Weekly Roundup: Coinbase grabs headlines
It has been yet another exciting week in the cryptocurrency sector, with Coinbase making the news. Here is what you might have missed Bitcoin flourishes as Ether continues with an uptrend The two leading cryptocurrencies had quite a week, rising to their highest levels yet. Bitcoin came off the weekend with some slight upward momentum […]
Here’s Why Stablecoins are the Crucial Bridge to Crypto Adoption
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Although currently an expensive bridge to cross thanks to Ethereum’s overhaul, there is no shortage of use cases in which stablecoins wouldn’t be a superior solution to traditional money transfers. Here’s how stablecoins are […]
