Transaction fees on Ethereum network broke an all-time record on Feb. 4, reaching over $ 20. These data, showing the interest in the Ethereum network, caused miners to increase their income thanks to the highly priced ETH. However, such high costs cause Ethereum transactions to be delayed.
112.5 Million XRP Transferred to Exchanges
According to the data from Whale Alert, 112.5 million XRP were transferred from wallets to crypto exchanges within 10 hours. One of those wallets was found to belong to Ripple's former partner Jed McCaleb. Jed McCaleb transferred more than 12 million XRP to the exchanges on February 4.
Spain Includes Cryptocurrencies in Annual Tax and Control Plan
The Spanish Tax Office has issued guidelines to prevent tax evasion in cryptocurrencies. According to the guidelines, it is aimed to have information about digital asset owners in cryptocurrency exchanges and to tax them correctly. It was stated that the purpose of this action was to prevent financial crimes.
Ripple Announces They are SOC 2 Certificated Now
Ripple, the developer company of XRP, announced that RippleNET product developed for financial institutions has received System and Organization Controls (SOC 2) certification. Thus, Ripple proved that the company complies with security and privacy requirements. The company believes that they will gain more customers from banks and other financial institutions.
The Value of the Cryptocurrency Market Breaks A Record
A new recod has set in 2021. The value of the cryptocurrency market broke the all-time record on 4th February morning with a value close to $ 1.139 trillion. Bitcoin, which continues to be the first in terms of market value, has a market value of $ 700 billion and is followed by Ethereum with $ 186 billion.
SBI Group Adds XRP to Cryptocurrency Lending Service
Drawing attention with its statements supporting Ripple after the SEC case, the financial giant of Japan SBI Group announced that the compaly will offer XRP lending services to SBI VC Trade users. Thus, XRP traders will be able to earn interest income by depositing XRPs that will be used to lend to other customers.
PayPal Announces Their Cryptocurrency Plans
Although PayPal offers cryptocurrency service within the USA, the service is currently not available in other countries. However, in the report published on February 3, the company stated that they want to provide cryptocurrency services for 29 million different businesses operating in many different countries of the world.
Interest in the Decentralized Finance Grows
The total amount of assets locked in DeFi protocols reached $ 32.50 billion. According to CoinGecko data, the total market value of the DeFi sector is currently $ 60.82 billion. The DeFi Pulse index, on the other hand, increased by nearly 15%. Increasing demand and the rise of Ethereum prices have a positive effect on the decentralized finance ecosystem.
Last Day For Bitcoin Options Contracts
Bitcoin options worth $1 billion will expire on February 5th. By analyzing the aggregate open interest between $28,000 and $43,000, there are $300 million worth of call options stacked against $290 million open interest from put options.
Banks Can Buy and Sell Bitcoin with Visa
Payment giant Visa, with 70 million users around the world, announced that they have collaborated and made new agreements in to trade Bitcoin in traditional banks. According to the statements made, customers will be able to easily connect to the program and perform their Bitcoin transactions through banks thanks to the Visa Crypto Pilot program.
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