Daily Crypto News

Daily Crypto News- Bitcoin (BTC) Exchange Outflows Hit 5-Year High, Address Activity Shoots 30%

Dvision Network collaborates with Enjin to expand its metaverse

Blockchain-based metaverse platform Dvision Network announced a collaboration with leading nonfungible ecosystem provider Enjin. As part of the development, Dvision will deploy Enjin’s APIs to connect its metaverse to five different blockchains. Dvision plans to deploy Enjin’s platform and API to mint unique nonfungible tokens.

Ethereum’s Perpetual Swaps Open Interest Hit a Two-Month High

The latest surge in the crypto market has made Ethereum’s perpetual swaps open interest to increase, as disclosed by IntoTheBlock. Ethereum has been experiencing an uptick in different areas. For instance, its crowd sentiment on Twitter recently hit a two-month high after the second-largest cryptocurrency based on market capitalisation jumped above the $2,400 level. 

Bitcoin (BTC) Exchange Outflows Hit 5-Year High, Address Activity Shoots 30%

As Bitcoin (BTC) Exchange continues to flirt around $40,000 levels, its fundamentals and on-chain metrics are showing significant improvement. On Wednesday, July 28, the Bitcoin (BTC)Exchange, blockchain registered the largest ever net outflows in 5 years since 2016. On this day, the exchange balance dropped by more than 60,000 Bitcoins in total. This is certainly a bullish indicator as a shortage in supply is likely to drive prices higher.

Avalanche launches upgraded bridge, prepping DApps for mainstream adoption

The new bridge is allegedly five times cheaper, faster, and more secure than before. The company says it is meant to act as a “growth engine” for future expansion. Avalanche (AVAX) is replacing its months-old Avalanche-Ethereum Bridge, or AEB, with the aptly named Avalanche Bridge, or AB, according to a Medium post from the company. 

NFTs can be a good pathway to draw women into crypto, says Lavinia Osbourne

Though nonfungible token projects are one path to entry, women are still underrepresented in many crypto and blockchain firms. Women looking for a way to enter a male-dominated space like crypto and blockchain may be drawn in by nonfungible tokens, according to Women in Blockchain Talks founder and host Lavinia Osbourne.

How Can You Invest in Cryptocurrency and What Is the Trading Process?

5 Things to Consider Before Investing in Cryptocurrency

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Tax on Cryptocurrency In India – Complete Guide 2022

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New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
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USDC Sees Native Launch on Avalanche

USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge ...
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Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ...
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