Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.
We’ve got lots of data for you today.
Last week, the University of Cambridge released its third Global Cryptocurrency Benchmarking Study, which found that the number of cryptoasset users has grown to 101 million identified users – up from 35 million in 2018.
On Tuesday, Bloomberg published its Galaxy Crypto Index, which tracks some of the biggest digital currencies. Thus far in 2020, crypto is outperforming gold as the top-performing asset.
And finally, according to data from DeFi Pulse, there are now over $10 billion in assets locked across various decentralised finance (DeFi) protocols. The three protocols with the most value locked are Uniswap ($1.98B), MakerDAO ($1.95B), and Aave ($1.5b).
Below is our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.
Two major crypto bills were introduced in Congress on Thursday.
One proposes a single framework to oversee crypto exchanges in the US by the CFTC regulator. The other aims to establish which cryptocurrencies are securities.
US based crypto exchange Gemini has now launched in the UK, after successfully gaining FCA approval as a regulated entity.
Following its UK launch, Gemini also saw the listing of seven new DeFi-related tokens, including Uniswap’s UNI and Yearn.finance’s YFI.
On Friday, Singapore-based exchange KuCoin confirmed a major security breach. The breach affected the firm’s Bitcoin, Ether, and ERC20 hot wallets, after private keys were leaked.
The price of Bitcoin and other major cryptocurrencies remained relatively unfazed by the hack.
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