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February 23, 2021: Rise of CeDeFi

This week has been a big rollercoaster overall. Bitcoin peaked at $58,000 and crashed about 18% from its ATH.

Let's see this week's notable events!

 

 

Nyan Cat is the name of an animation uploaded on April 2 2011, and became a viral internet sensation. This is a first time that a notable internet meme is bought with real money. 

 

Well... better luck next time BlackPool

Ethereum Gas has been Peaking at 1000gwei right now. This means most traders are priced out of ethereum. Guess where they went..? Binance Chain!

This is a great thread to read in order to have a through understanding of what is going on in the DeFi market. Binance chain is filling a missing gap that ethereum cannot provide. (Until we have a usable L2, of course)

This one is a scary one... Let's see how this ends.

Tether had an ongoing fraud probe opened by the Attorney General’s Office three years ago. The settlement has been reached under the terms of admitting no wrongdoing. 

Curve is continuously looking for multichain solutions. 

That is such a bold statement from CZ. I don't think it is a joke though...


For more info, follow @bitcoinuserx for latest updates on twitter.

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