Crypto Influencers Consider Leaving TikTok Due To Censorship – August 26

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$47,114

Bitcoin price has continued to struggle over the last 24 hours, being rejected once again from the $49,000 level.

Top-20 altcoins have mostly traded flat, as Ethereum remains unchanged, Cardano drops just 2% and Terra was the biggest mover with a 6% fall.

Top Stories for August 26, 2021 🔥

👉 Crypto Influencers Consider Leaving TikTok Due To Censorship

Cryptocurrency influencers on social media platform TikTok are considering migrating away from the platform, due to the increasing censorship of their content.

TikTok recently rolled out an automatic content removal system, which aims to ban content that violates their community guidelines. The tool appears to be indiscriminately removing crypto-related posts, leading to frustration among users in the niche.

👉 eToro Q2 Crypto Income Posts 23x Increase From 2020

Investment platform eToro has posted crypto commissions of $264 million in the second quarter of this year – a whopping 23x increase from $11.27 million in Q2 last year.

eToro’s crypto activity accounts for almost three-quarters of all commission on the platform. The company is seeking to go public soon, with a valuation of $10.4 billion.

👉 Adoption Soaring For DeFi On Avalanche Blockchain

Layer 1 blockchain Avalanche has attracted a significant wave of adoption, as its decentralized finance (DeFi) ecosystem explodes in popularity.

Around $1.8 billion in value has made it into DeFi protocols on Avalanche so far, a 1,000% increase from the end of July. The platform’s native token, AVAX, has also grown four-fold in price over the last week.