27 Jan

Demand for flash loans and staking is increasing

Aave reaches a peak of $288: demand for flash loans and staking is increasing

Aave’s price has reached a new all-time high, thanks to a bull run that has lasted for weeks

The price of Aave (AAVE) has continued to rise for weeks: tonight the DeFi token reached a new all-time high of $288.90. The recent rally in decentralized finance is among the main driving forces behind AAVE’s price increase.

At the beginning of 2021, AAVE’s price was around $83: the recent Bitcoin Evolution rally has strengthened the total value locked in the protocol, increased buying volumes on exchanges and promoted the development of the lending platform.

Aave’s LTV reaches new highs

Data from DeFi Pulse shows that Aave’s TVL (Total Value Locked) has significantly increased from $2.03 billion on 1 January, a time when the price of Bitcoin (BTC) and Ether (ETH) grew parabolically.
Total value locked on AAVE. Source: DeFi Pulse

Aave’s LTV currently sits at an all-time high of $3.83 billion, making it the second largest DeFi platform by value locked, behind only Maker (MKR). The constant addition of new tokens to the lending protocol increases the likelihood that its TVL will continue to grow.

AAVE’s trading volume has also significantly increased since the beginning of the year: from $200 million on 3 January to $928 million on 16 January.

As AAVE’s price reached an all-time high, daily trading volume broke a record of $1.06 billion. This increase in volume is partly due to investors buying the token for staking: 26.8% of AAVE’s total supply is currently staked, with an APY of 6.1%.

Flash loans attract investors

Another reason for AAVE’s recent appreciation is the strong interest in its flash loans.

This feature allows cryptocurrency holders to collateralize their investment portfolios, so as to finance the purchase of new crypto. Such loans also allow investors to capitalise on the value of their tokens, without any need to sell them or create taxable events.

Since the launch of flash loans less than 12 months ago, more than $1.7 billion has been issued, and these figures could significantly increase as the crypto bull market progresses.

As can be seen in the chart above, the most popular token for flash loans is the DAI stablecoin, followed by USDC and ETH. Messari’s data shows that Aave issued $25 million worth of loans in the first half of 2020, $500 million in Q3 and almost a billion in Q4, including $450 million in December alone.

The expansion of the flash loan concept could attract many new users to Aave, especially since the platform can be used for arbitrage opportunities between DEX, collateral swaps, self-liquidation and many other applications in the DeFi sector.

15 Jan

Bitcoins pris stiger hurtigt til $ 31.550

Bitcoins pris stiger hurtigt til $ 31.550 og afvikler kort sagt $ 100 millioner

Bitcoin udsletter shortere med en stigning til $ 31.550, hvilket afvikler et stort antal risikable positioner

Bitcoin (BTC) krydsede $ 30.000-mærket og fortsatte non-stop mod $ 31.550 og skadede handlende, der satsede på en bearish tilbagetrækning.

Data fra Cointelegraph Markets, Cryptometer og TradingView bekræfter, at BTC / USD toppede på $ 31.550 den 2. januar og likviderede korte positioner til en værdi af $ 100 millioner.
BTC kortere i problemer … igen

På baggrund af ekstremt ustabile forhold forsøgte Bitcoin at overstige $ 30.000 flere gange i løbet af årets Bitcoin Code første dag og endelig nåede niveauet af stor psykologisk betydning lørdag.

Flytningen blev ledsaget af en bullish afgift, der hurtigt skubbede den store kryptokurrency endnu højere og svævede omkring $ 31.420 i skrivende stund.

Mens mange fejrede den fantastiske milepæl, stod nogle dog betydelige tab inden for få minutter.

Likvideret kort på XBTUSD: Køb 10.000.000 @ 30864 ~ Jeg er chokeret, chokeret over, at spil foregår herinde!
– REKT (@BXRekt) 2. januar 2021

„Jeg er chokeret, chokeret over at opdage, at der stadig er mennesker, der spiller her!“ opsummerede det veltalende tweet fra en bot, der overvåger de likviderede transaktioner på derivatgiganten BitMEX.

Tallene antyder, at shortere på BitMEX alene har mistet $ 10 millioner, en stærk påmindelse om farerne forbundet med at betvivle Bitcoin på afgørende niveauer.

Dogecoin kører pludselig stiger i altcoins

I mellemtiden er altcoin-markederne begyndt at registrere egne stigninger. Dogecoin (DOGE) fik 42% på dagen, mens leder Ether (ETH) overgik $ 750.

Cointelegraph Markets-analytiker Michaël van de Poppe, overbevist om, at denne måned vil indlede starten på en bredere „alt-sæson“, sagde han var bullish.

„Jo mere denne bølge af momentum for #Bitcoin skubber op, jo højere kommer den næste. 2021 bliver utroligt, „twitrede han efter at have ramt $ 30.000.

Andre kryptokurver i top 10 har vist mindre ustabil opførsel. Intet kunne have genoplivet XRP, kæmper stadig på grund af de juridiske problemer hos hovedinvestoren Ripple Labs.

13 Jan

Swiss crypto exchange Smart Valor receives FMA license for Liechtenstein

The license granted by the Liechtenstein FMA to the Swiss crypto exchange Smart Valor enables it to do business as crypto custodian and exchange service provider.

The Swiss Crypto Smart cards can Valor after receiving a license from the Financial Market Authority Liechtenstein operate from the Principality (FMA) in future, as a split with Cointelegraph company press release.

The decision is based on the TVTG Act (Token and TT Service Provider Act) passed in Liechtenstein at the end of 2019 , which requires crypto exchanges and crypto custodians to have an FMA license.

Comprehensive crypto regulation

The new regulation, which has been in full force since January 2021, defines ten new categories of blockchain service providers such as token custodians, exchange service providers, physical validators or token issuers. The law implements the alignment with international regulatory standards for the crypto industry, which provide for monitoring according to the Due Diligence Act for such services.

According to Smart Valor CEO Olga Feldmeier, the FMA’s hurdle was “high”. Feldmeier summarizes the efforts to achieve this goal as follows:

“We are extremely pleased that we have built a stock exchange infrastructure that meets the high standards of financial regulation in Liechtenstein. Last year we had the opportunity to further expand our internal control mechanisms and compliance with money laundering regulations to an international and EU-compliant level. We have also strengthened our corporate governance and established a professional board. ”

The TVTG law describes Smart Valor as “one of the most progressive legal frameworks in Europe”. Equipped with the FMA license, a new chapter is now being opened in the strategic roadmap for institutional business. For the first quarter of 2021, for example, an institutional offer for independent asset managers, family offices and small banks is planned, including brokerage, trading and custody of cryptocurrencies and digital assets.

Offer from Smart Valor

Smart Valor was in 2019 as the first integrated crypto Swiss Stock Exchange with trading, brokerage and custody of crypto currencies went to the starting line . With regard to Smart Valor’s activities as a crypto service provider in Liechtenstein, following an FMA warning at the end of 2019, there were in the meantime ambiguities that should now have been completely resolved with the receipt of the FMA license. Nothing stands in the way of doing business in the Principality.