Are You Brave Enough For More BAT?
Privacy web browser Brave (BAT), is planning to add new functionalities to its platform.
According to their new roadmap, Brave will be creating a DEX aggregator, as well as their own crypto wallet “Brave Wallet”.
It is exciting to note that BAT holders stand to benefit in the long run as DeFi integration may offer new benefits such as trading discounts for BAT holders.
Relief as Bitcoin Returns to $50,000
Fears that BTC could crash for a third day running have subsided — with the world’s biggest cryptocurrency returning to $50,000. Some analysts are now describing Tuesday’s drama as a "healthy correction." Analysts at Bespoke Investment Group have even said the pullback is "relatively modest" in historical terms. Find out how altcoins have been performing today.
MicroStrategy and Square ‘Buy the Dip’
Bitcoin’s recovery was likely aided by the news that two big companies have taken the opportunity to snap up more crypto. MicroStrategy has spent a cool $1 billion on buying 19,452 BTC after engaging in some aggressive borrowing. Meanwhile, Square has doubled down on its investment — buying 3,318 BTC for $170 million.
Glitch Lets Traders Buy BTC for $6,100
An exchange glitch meant crypto traders were able to buy Bitcoin for just $6,100. Some users of PDAX, a platform based in Southeast Asia, were able to withdraw the discounted BTC. Now, they’re being warned they could face legal action unless they give it back. Awkwardly, PDAX’s terms and conditions say orders are "final and irreversible."
Crypto Lending Set to Grow
A new report suggests up to 1 million BTCcould be used as collateral in the lending market by 2023. Arcane Research’s estimates suggest that 420,000 BTC is currently used in this way — and growing demand could make a positive impact on prices. Many firms offer high interest rates to lenders, but they could fall as more liquidity is provided.
Revealed: How Many Use Crypto Worldwide
The latest figures from Crypto.com suggest there were 106 million crypto users globally in January — compared with 66 million in May 2020. Growth in demand coincides with price strength in Bitcoin — and the launch of PayPal’s crypto service last user also helped. A spike last August was attributed to the popularity of decentralized finance.
