Defigraph News

25/02/2022

MARKET UPDATE:

As major geopolitical changes unfold, it’s not surprising that their effect is being felt in the crypto market.

Cryptocurrencies suffered a temporary loss of strength as the news surfaced in the early hours of February 24th. The pattern was observable with most cryptocurrencies.

On Thursday, Bitcoin (BTC) decreased to $34,626 – its one-month low, Ethereum (ETH) to $2,321, and Dogecoin (DOGE) to $0.11. These were significant declines, considering their prices just one day prior, when BTC stood proudly at $39k, ETH had $2,742, and the price of one DOGE was $0.13.

However, the crypto market has shown quite the resilience in this situation, reeling back on Friday to its pre-war highs – and beyond. At press time, BTC was trading at $39,245, ETH at $2,690, and DOGE went back to its better.

25/02/2022

According to tracking data from DeFi Llama, Terra LUNA, the most popular blockchain for dApps outside of Ethereum, has hit an historic milestone.

Terra's flagship protocol, Anchor, which made headlines with its 19.6% APY for stablecoins, is the largest DeFi protocol on Terra. It is one step short of reaching $10 billion in TVL (Total Value Locked).

In early Q1, 2022, Terra LUNA was mentioned among the top undervalued assets by many crypto analysts and entrepreneurs.

Will TERRA overtake Ethereum? 🤔

25/02/2022

Crypto investors have taken advantage of the negative impact of the war calls on digital currencies prices to increase their holdings.

Fresh data from cryptocurrency on-chain data platform Glassnode suggests that the number of addresses holding at least 0.1 Bitcoin (BTC) has surged to an all-time high.

According to Glassnode, the number of cryptocurrency addresses holding from 0.1 BTC recently surged to an ATH of 3,339,395.

While the surge in the number of addresses holding at least 0.1 BTC does not reflect the number of people currently holding the world’s largest cryptocurrency, the development suggests that Bitcoin adoption is gaining momentum.

Let us know are you one of 3 million? 😎💰

24/02/2022

The new crypto capital of the world? 🤯

Satoshi Island is a 32 million square foot private island tucked between Australia and Fiji. The island, which is owned by Satoshi Island Holdings Limited. After years of preparation, a green light from the Vanuatu Ministry Of Finance and all approvals in place, Satoshi Island is now ready to be developed into a real-world crypto economy.

Anthony Welch and partner try to woo cryptocurrency investors to regulation-free island on Vanuatu archipelago

Welch, who has renamed the island from its native name Lataro to Satoshi, has joined forces with cryptocurrency evangelists to create a "blockchain-based democracy" and "the crypto capital of the world".

Development on the island is being completed with sustainability in mind and 100% of the energy required will be self-generated through renewable methods.

Satoshi Island is a 32 million square foot private island, owned by Satoshi Island Holdings Limited. The island is intended to become a haven for crypto professionals and enthusiasts, with a goal to be considered the crypto capital of the world.