Hoo News The Hoo News Channel offers comprehensive coverage of all things related to Hoo and its various trading assets. It presents up-to-the-minute news, nuanced market analyses, trends, forecasts, and recent market changes. The latest two news from Hoo :
Solana (SOL) trading volume soars as DeFi investors seek ETH alternatives,
Bitcoin Goes Institutional, Ethereum Spreads Its Wings: CoinDesk Q4 2020 Review
The DeFi sector is booming again and the need for fast, scalable, Ethereum alternatives has sent Solana (SOL) trading volume to record-highs.
If the 2020 Q1 was the quarter of market turmoil, Q2 the bitcoin halving and Q3 the explosion of stablecoins and decentralized finance applications, Q4 was the quarter of institutional FOMO for bitcoin and of Ethereum launching the first phase of its ambitious migration to a proof-of-stake (PoS) blockchain.
Novogratz warns that at some point, markets will reverse hard.
Bitcoin’s Lightning Network is bringing fiat to every corner of the world, thanks to Visa-partnered startup Zap Inc.
Nearly every cryptocurrency in the top 100 by market capitalization is up in the past 24 hours, save for Tron (TRX), NEXO, stablecoins, and Siacoin (SC).
At the most basic level, borrowing and lending applications like Compound and Aave are offering 4.6% and 6.2% interest, respectively, on deposited USDC. More sophisticated yield aggregators like Yearn are generating 7.8% in their basic yield strategies, and up to 16% in more aggressive strategies.
Russia is concerned about the money leaving bank accounts for other investments.
The letter indicates that banks and savings associations can now run crypto nodes and utilize associated stablecoins for “permissible payment activities.” This means banks can use public blockchains to validate, store, record and settle payment transactions as long as they're compliant with existing laws.
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