Bitcoin News and Finance: What You Need to Know

Over the last seven days, decentralized exchange (dex) trade volume has tapped $17 billion across the 21 Ethereum dex platforms. Pancakeswap has seen between $400K to $860K every 24 hours during the last week as well. Meanwhile, dex aggregators are eating away at dex trade volumes, becoming more popular by the day. Uniswap Commands Top Dex Trade Volume, Aggregation APIs Capture a 22% Share of Ethereum-Based Dex Volumes Decentralized exchange (dex) trading continues to see billions of dollars in swaps every week. During the last seven days, dex trade volume has tapped $17 billion across 21 Ethereum-based dex platforms. Over the last 24 hours, the 21 dex platforms saw $2.95 billion in global swaps and dex aggregators captured $3.8 billion in 24-hour volume. Dex aggregators like 1inch share around 22.7% of the dex trade volumes today, according to stats from Dune Analytics . Dex aggregators today, share around 22.7% of the dex trade volumes, according to stats from Dune Analytics. ...

Blockchain data platform Chainalysis has published its 2021 Cryptocurrency Adoption Index, which ranks 154 countries by crypto adoption. According to the firm, global crypto adoption has grown by over 2,300% since Q3 2019 and over 881% in the last year. New Global Cryptocurrency Adoption Index On Wednesday, Chainalysis published a preview of its 2021 Geography of Cryptocurrency report, which will be released in September. The report contains the “2021 Chainalysis Global Crypto Adoption Index,” the company’s second iteration “to measure grassroots cryptocurrency adoption around the globe.” The blockchain data analytics firm explained that its Global Crypto Adoption Index is made up of three metrics. The first is “on-chain cryptocurrency value received, weighted by purchasing power parity (PPP) per capita.” The second is “on-chain retail value transferred, weighted by PPP per capita,” and the third is “peer-to-peer (P2P) exchange trade volume, weighted by PPP per capita and number o...

PRESS RELEASE. Molecule, a decentralised biopharma marketplace, has developed a novel IP-to-NFT framework with Web3 technology innovator Nevermined. In a historic transaction, the first biopharma IPNFT was successfully transferred to research collective VitaDAO to fund novel longevity therapeutics at the University of Copenhagen. 18th August 2021, Basel, Switzerland — For the first time in history, NFTs are being used for a transfer of IP ownership in medical research. This unique milestone is a result of a partnership between biopharma IP marketplace Molecule , and VitaDAO , a decentralized collective (DAO) funding longevity research, and the University of Copenhagen. This innovation is enabled by a groundbreaking data storage solution developed by web3 technology innovator Nevermined . VitaDAO, Nevermined and Molecule Overcome Biopharma Industry Challenges Early-stage biopharma research is the lifeblood that fuels advances in medicine. However, many domains in biopharma suffe...

The Dogecoin Foundation has been reestablished with “a renewed focus” to accelerate the development of Dogecoin. Among the foundation’s advisers are Ethereum co-founder Vitalik Buterin and Jared Birchall, the manager of Tesla CEO Elon Musk’s family office. Dogecoin Foundation Relaunched The Dogecoin Foundation has been reestablished “with a renewed focus on supporting the Dogecoin ecosystem, community and promoting the future of the Dogecoin blockchain,” the foundation announced Monday. After being inactive for many years, the foundation tweeted Monday: “Guess who’s back!” Emphasizing that it is “not here to ‘take control’ of the Dogecoin Core wallet project,” the foundation explained: We are here to accelerate the development effort by supporting current Dogecoin Core and future Dogecoin developers to work on a full-time basis through sponsorship, as well as providing a welcome landing for new contributors hoping to help with the project. The Dogecoin Foundation is a nonprofi...

Japanese cryptocurrency exchange Liquid is suspending deposits and withdrawals after a security breach resulting in the loss of around an estimated $80 million in digital assets. The platform published the suspected hacker’s addresses and said it’s moving funds to cold storage. Hacker Hits Japanese Crypto Exchange Liquid Asian cryptocurrency exchange Liquid Global has confirmed it has been targeted in a hacking attack. In a notice tweeted early on Thursday, the coin trading platform revealed that some of its warm wallets were compromised, adding that it’s currently investigating the incident. Important Notice: We are sorry to announce that #LiquidGlobal warm wallets were compromised, we are moving assets into the cold wallet. We are currently investigating and will provide regular updates. In the meantime deposits and withdrawals will be suspended. — Liquid Global Official (@Liquid_Global) August 19, 2021 Liquid , which operates under a license from Japan’s Financial Servi...

The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an “ex parte motion.” The ex parte motion, which is a form of temporary suspension, was granted after a Nigerian chief, Micheal Kaase Aondoakaa, filed the motion on behalf of CBN governor Godwin Emefiele. Accounts Frozen to Enable Further Investigation According to one report , this temporary freeze of the bank accounts will enable the CBN to institute further investigations into the activities of the four firms. Meanwhile, several Nigerian media outlets have identified the affected firms as Rise Vest Technologies Limited, Bamboo Systems Technology Limited, Chaka Technologies Limited, and Trove Technologies Limited. The report also suggested that the CBN’s decision to seek the ex parte motion was made after the findings of the central bank’s preliminary probe showed that the four firms were operating unlicensed asset man...

Digital currencies have seen significant gains in 2021 jumping 154% in value since January 1. On August 18, Cryptovantage published a study that shows 3 in 4 crypto investors said they had made money on their crypto holdings and cryptocurrencies represent 12% of the average millennial portfolio. 3 in 4 Digital Currency Investors Have Profited Following the recently published research by Cryptovantage concerning people forgetting their crypto passwords, the company published another poll surveying 1,044 people born between 1965 to 1997. The poll explains how millennials, xennials, and Gen Xers invest in digital assets. “The popularity of crypto assets varied by age,” the new Cryptovantage report called “Generational Philosophies on Investing in Crypto,” explains. “Crypto-assets represented 12% of the average millennial portfolio, compared to 9.2% of the average xennial portfolio and only 6.3% of the average Gen Xer portfolio,” the study details. “Despite this larger proportional ...