The total value locked (TVL) in decentralized finance (DeFi) has jumped back above the $200 billion range, hovering around $216.49 billion on Saturday morning The TVL in DeFi has increased 13.60% since tapping a low of $190.57 billion 13 days ago on January 23.
This Florida Home Will Become the First in the U.S. to Be Sold as an NFT
The Spanish-designed Gulfport property in Florida will be auctioned online by Palo Alto-based real estate technology company Propy, which will start at $650,000 and whose property rights will be minted into a digital token.
US SEC's Spot ETF Application Decision
The U.S. Securities and Exchange Commission continues to delay approval of the Bitcoin spot exchange-traded fund. The SEC has stated that it is delaying its decision on whether the largest Bitcoin fund, the Grayscale Bitcoin Trust, can be converted into a Bitcoin spot ETF. The securities regulator stated that Grayscale's application did not meet its concerns about manipulation, liquidity and transparency in the Bitcoin market.
Bitcoin Lightning Network Capacity Reaches All-Time High
The total number of BTC locked in Bitcoin Lightning Network capacity has reached 3,400 BTC. This is an equivalent of around $141 million. In the system, where person-to-person payment transaction fees in BTC are very low, there has been a significant increase over the last year. The same trend seems to continue this year as well.
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says
A senior member of the Russian parliament has stated that private individuals mining cryptocurrencies can expect a higher tax burden from businesses in the industry. While the issuance of digital currencies will not yet be regulated in Russia, authorities are moving to recognize it as an economic activity, which would allow the government to tax mining profits.
Crypto Market Ends Week Gaining Over $160 Billion
After weeks of high volatility, the cryptocurrency market has made gains in the past seven days, attracting significant capital inflows. According to the data, as of February 6, 2022, the cryptocurrency market had regained $1.9 trillion in market capitalization after adding $162 billion in capital from January 31, 2022.
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