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Litecoin Replaces XRP Ripple With The Fourth Largest Cryptocurrency
Litecoin has become the fourth largest cryptocurrency by market capitalization after the most recent XRP carnage.
Litecoin has become the fourth largest cryptocurrency by aggregate market capitalization. This follows a month of positive changes for the coin, which is up over 55% in the last 30 days.
Of course, the rise in the LTC price is far from the main reason for this. Ripple’s XRP, which occupied this spot just minutes ago, has dropped a whopping 70% over the past week. LTC’s total market capitalization was $ 8.14 billion, while XRP lagged about $ 7.9 billion, according to CoinGecko.
The Polkadot price has risen to a new all-time high.
While the price of Bitcoin has surged to record highs, Polkadot has experienced its own growth as well.
Polkadot is currently ranked sixth in terms of market capitalization at over $ 6.8 billion. In the past 24 hours, the Polkadot price has risen more than 16.83%, even at a record high price today of $ 7.64.
Polkadot is up over 425 in the past week, setting one of the highest performance in the altcoin market compared to other large-cap cryptocurrencies. The second largest cryptocurrency in the world, Ethereum, has also grown significantly, growing more than 16% in the last week and more than 5% in the last 24 hours.
Polkadot price has risen
Ethereum whales on exchanges continue to decline, addresses with at least 0.01 ETH coins reach ATH
Ethereum has become an important catalyst for the boom in the decentralized finance sector.
The culture of the holding continues to consume ETH based on statistics provided by Santiment, which provides analytical data on the cryptocurrency market. The assets of Ethereum whales on cryptocurrency exchanges are declining, which suggests that they are being transferred to cold wallets. This trend indicates that the trust of the ETH whales is growing based on the long-term value of this digital currency, based on some events, such as the launch of Ethereum 2.0, which introduces the Proof-of-Stake consensus mechanism.
Glassnode also reported that the number of ETH addresses with more than 0.01 coins broke the record.
Lebrija, Spain Launches Local Virtual Currency Elio As Incentive
According to a report by Diario de Sevilla, Lebrija City Council created the virtual currency Elio.
Lebrija created a virtual currency to support economic activity during the Covid-19 pandemic, according to the report.
One Elio is equivalent to one euro, and nearly 600 families will receive between 20 euros and 200 euros, which can only be spent in local businesses using the app.
Elio’s deadline was December 31, but according to the report, it was extended to March 31, 2021.
Lebrihi created the virtual currency Elio.
UniLend Finance Implements ‘Inclusive’ DeFi Protocol
Indian DeFi project UniLend Finance has launched an alpha version of its platform known as “Initium”.
The launch of UniLend’s Initium finally brings decentralized commerce and popular DeFi services like lending and borrowing together under one roof.
Initium also lists any ERC-20 token on the platform without permission. The team said that the platform will soon support real synthetic assets.
Voyager Digital takes the system offline after a cyber attack
Voyager Digital was forced to shut down its system after a cyber attack compromised the exchange system.
In a series of tweets, the Canadian firm apologized and informed customers that its domain name server had been hacked but has since been rebuilt.
“Unfortunately, I faced a difficult choice. Our tracking system warned us and we decided to disable the system. The safety and security of customer assets and information is of utmost importance. I appreciate all the community support as we work on this, ”tweeted Steve Ehrlich, co-founder and CEO of Voyager.
Swiss issuer ETP removes XRP for fear of liquidity crunch
Ripple’s legal problems seem to be getting worse every day.
According to a December 28 Block report, 21Shares, the Swiss asset manager, is excluding XRP from its exchange-traded products in accordance with the firm’s indexing rules.
According to Hani Rashwan, CEO of 21Shares, assets that could face liquidity problems or be considered securities cannot be part of their exchange-traded products.
Grayscale now contains $ 19 Billion in Crypto AUM.
According to founder Barry Silbert, the Grayscale crypto fund now holds a whopping $ 19 billion in Bitcoin, Ethereum and other crypto assets.