Good days for BNB holders might end soon- Here’s why
BNB recently posted a tweet mentioning all the new developments that have happened in its ecosystem. According to the tweet, over the last seven days, nearly 1495 BNB tokens were burned.
This Lesser Known DeFi Token Shots Up Ahead Of Big Announcement News
With increasing adoption of Decentralized finance (DeFi), it appears to be set for becoming the future of finance. In this context, several DeFi coins and tokens are attracting huge traction. Some of the DeFi token have increased rapidly in value in the recent times, especially with positive news. Investment flow from big players like venture capitalist firms is providing credibility to these projects.
$ADA: Total Value Locked on Cardano’s DeFi Ecosystem Drops to 8-Month Low
The total value locked (TVL) on the decentralized finance ecosystem of smart contract platform Cardano ($ADA) has dropped to an 8-month low amid a wider downturn in the total value locked on cryptocurrency networks, as investors move away from risk assets.
European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion
Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime.
Cryptocurrency Market Momentum Is Increasing as BTC and ETH Maintain Support
This week’s cryptocurrency markets have remained sideways, with Bitcoin and Ethereum finding support near $20k and $1,300, respectively. This Thursday, the total market value of cryptocurrencies is $963 billion. The good news is that trade volume is beginning to rise, which may portend a potential bull run that might begin next week.