FunFair (FUN) gains 183% as the blockchain-based gaming industry grows

Many DApps and blockchain-based games are designed with casino-style and RPG features that allow players to use cryptocurrency for gambling.  FunFair is essentially a white-label, turnkey blockchain-based casino and the platform aims to provide services with zero set-up fees and no monthly minimums. The platform’s native FUN token is the fuel behind every function on the FunFair platform and players need to use it to place bets, and winnings are also paid out in the same way. FUN tokens are used to compensate game developers and pay for fees and…

LL Cool J and Paul Tudor Jones back $72M crypto fund

Several high-profile figures in finance and entertainment are reportedly backing a new venture capital crypto fund from former Digital Currency Group investor Travis Scher, Silver Lake Partners co-founder Glenn Hutchins, and his son James Hutchins. According to a report from Yahoo Finance, the crypto fund has raised roughly $72 million from investors including Paul Tudor Jones, rapper and actor LL Cool J, and former PepsiCo CEO Indra Nooyi. The Hutchins father and son team along with Scher will manage the fund through the New York-based company North Island Ventures. “We…

Dash trade volumes soar 282% in 2020 as commercial adoption grows

Dash, a cryptocurrency analog for electronic cash, recorded impressive growth in 2020 as average daily trade volumes, users and retail payments grew considerably.  During its fourth-quarter livestream on Thursday, Dash Core Group reported that average trade volumes jumped 282% year-over-year, from $9.8 million to $37.4 million. On a quarterly basis, average trade volumes increased by 48%. The total volume of payments hit $916 million, up 80% from the previous year. Commercial payment values rose 37.3% year-over-year, exceeding 22,000 transactions per day, which is reportedly higher than Bitcoin (BTC) and Bitcoin Cash…

Institutional Buyers the Likely Suspect Behind Latest Bitcoin Rally; What’s Next?

Bitcoin has seen some turbulent price action throughout the past couple of days, but it has primarily favored bulls The cryptocurrency was able to rally from the lower-$30,000 region to highs of $39,000 before it once again faced some intense selling pressure that sent it reeling lower The benchmark crypto has been able to find some strong buy-side support, however, and appears to be well-positioned to see further upside in the days and weeks ahead Where the market trends next will undoubtedly depend on Bitcoin. Any strong rejection or continuation…

Different kind of gas fees — Electrocoin enables crypto petrol payments in Croatia

Crypto-payment processing firm Electrocoin is partnering with a local oil and gas company in Croatia to allow drivers to pay for a full tank using crypto. According to Croatian news outlet Poslovni dnevnik, people needing to gas up their vehicles at any of the 46 Tifon stations in the country can now pay using Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP, and EOS. Tifon will integrate PayCek, a crypto payments platform from Electrocoin, into its existing payment systems to make this possible. Tifon CFO Ana Lokas said the company expected…

DeFi boom pushes Universal Market Access (UMA), SwissBorg and Siacoin (SC) higher

The total market capitalization of cryptocurrencies surged to $1.139 trillion on Feb. 4, just short of silver’s total market cap at $1.5 trillion. While the crypto market cap is still way below that of gold, Bloomberg senior commodity strategist Mike McGlone said in a report that Bitcoin (BTC) has found strong support at $30,000 and it may now rally to $50,000 and higher. Crypto market data daily view. Source: Coin360 However, some institutional investors who had invested at lower levels and are sitting on huge profits are taking some money…

Here’s How High Bitcoin Could Go If 2017 Repeats

Bitcoin is in a bull market and anyone who understands the cryptocurrency’s potential knows that much higher prices are ahead in the short- and long-term. But how high would prices actually reach if the cryptocurrency’s price action mimicked the epic 2017 rally, tick for tick? An analyst at Ark Invest has come up with a hypothetical chart that demonstrates what could come if a similar trajectory is followed. And according to the chart, the Bitcoin price would top out at roughly $390,000 at the height of the current cycle. Bull…

ETH price surge could cause ‘gamma squeeze’ as bull market heats up: Delta Exchange exec

A growing number of options traders are sitting on large unrealized losses following Ethereum’s (ETH) latest price surge, highlighting once again the volatile and unpredictable nature of the cryptocurrency market.  Pankaj Balani, the CEO of Delta Exchange, a St. Vincent-based cryptocurrency derivatives platform, tells Cointelegraph that he has observed “a lot of naked call writing activity in ETH for deep out of the money call options all the way up to $2,000 and $3,000 strikes.” A call option becomes deep out of the money if its strike price is significantly…

DeFi giant Aave hits a new high at $520, TVL rises to $4.96 billion

Aave (AAVE) price has increased by 76% since the beginning of February and today the DeFi-token hit a new all-time high of $520. Currently Aave is the second-ranked DeFi platform by total value locked (TVL) and the protocol continues to gain users and outperform its competitors.  Data from Cointelegraph Markets and TradingView shows that AAVE rose from $284 on Feb. 1 to its current value of $510 as it’s 24-hour trading volume reached $2.4 billion. AAVE/USDT 4-hour chart. Source: TradingView The latest rally kicked off on Jan. 28 when the…

Robinhood reportedly allowing instant deposits for crypto purchases again as DOGE surges

Stock and crypto trading app Robinhood has reportedly re-enabled instant deposits for cryptocurrency purchases after almost a week. Robinhood has removed the original update on its support page suspending instant deposits, and its website currently shows certain users once again have “instant access” to up to $1,000 to buy crypto. Many of the app’s users also reported on social media they were able to access the trading feature last night. The “instant buying” function is a paid feature that gives Robinhood customers instant access to funds from bank deposits and…