Daily News Headlines | Latest Crypto News (19h July) | Cryptoknowmics
Here are the top 5 crypto news for the day!
Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.
DOGE Trade Volume Increases 1,250% in the Second Quarter
DOGE trade volume has increased by 1,250% in the second quarter of the year on the world’s biggest cryptocurrency exchanges. The average trading volume for dogecoin increased from $74 million per day in the first quarter to $995 million per day in the second quarter, as exchanges such as Coinbase, eToro, and Gemini adopted the currency amid brisk demand.
Tether Hasn’t Minted USDT for Weeks But Its CTO Remains Unbothered
The world’s largest stablecoin, Tether, has not printed a single new USDT on the Ethereum network for weeks, and its rivals are predictably capitalizing on this factor to increase their market cap. But this doesn’t seem to bother the stable currency’s CTO Paulo Ardoino, who believes the growth of other stablecoins will make the industry “much more solid in the long run.”
Defi Project Aave to Release an Ethereum-based Twitter Alternative
According to the protocol’s inventor, Aave, the decentralized finance (DeFi) project will release an alternative to Twitter using Ethereum this year. Users would be able to monetize their material and administer the network’s laws, according to Stani Kulechov, founder and CEO of DeFi lending protocol Aave.
Binance Burns BNB Tokens Worth $393.6 Million
Binance has completed its 16th BNB token burn. It has burnt BNB tokens over 1.3 million tokens, worth $393.6 million in value. Following the introduction of its native token, the world’s largest exchange by trade volume committed to destroying half of its circulating supply (100 million BNB).
Malaysian Authorities Destroy More Than 1,000 BTC Mining Rigs
According to local media reports, Malaysian authorities demolished 1,069 Bitcoin(BTC) mining rigs seized between February and April with a steamroller. The machines, estimated to be worth $1.2 million, were destroyed at the headquarters of the Miri district police, which has arrested 8 people for their involvement with illegal crypto mining activities.