Grayscale Sees $217M Influx After Launch of TV Ad Campaign – August 17

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$11,890

Bitcoin price has spent the weekend in a battle with $12,000 resistance, still hovering below the mark to begin the week.

Top-20 altcoins have had an excellent 24 hours of trading, as most coins rise against the dollar. Ethereum is up more than 1%, XRP has risen 5%, and Litecoin has gained 6%.

Stellar and TRON stand out with gains of 12% and 18%, respectively.

Top Stories for August 17, 2020 🔥

👉 Grayscale Sees $217M Influx After Launch of TV Ad Campaign

Grayscale Investments has reported record-breaking investment of $127M during the week its TV advertisement campaign went live.

The figure marks its highest weekly investment into Grayscale’s cryptocurrency products to date.

Grayscale’s adverts were shown across several American TV channels including FOX, FOX Business, CNBC and MSNBC.

👉 Aave and Curve Each Hit $1B in Total Value Locked

Aave and Curve have become the second and third DeFi protocols, respectively, to reach $1 billion in total value locked.

Curve launched its CRV token and governance platform ahead of schedule last week, following a bizarre early deployment of their open-source smart contracts by an anonymous developer.

Total value locked across all DeFi protocols has now crossed $6 billion, according to DeFi Pulse.

👉 Bitcoin Tokenization is Outpacing Bitcoin Mining During DeFi Craze

Statistics have arisen showing that Bitcoin is being tokenized for use on the Ethereum network, at a faster pace than Bitcoins are currently being mined.

According to the reported figures, 6,785 Bitcoins have been tokenized since August 9, with only 5,738 being mined in the same period.

Wrapped Bitcoin, known by its ticker WBTC, is the primary means of tokenizing Bitcoin for Ethereum, accounting for 75% of all Ethereum-based Bitcoin tokens.

16 comments

  1. My partner and I absolutely love your blog and find many of your post’s to be what precisely I’m
    looking for. Do you offer guest writers to write content for
    you? I wouldn’t mind producing a post or elaborating on a
    lot of the subjects you write regarding here.
    Again, awesome website!

  2. Write more, thats all I have to say. Literally, it seems
    as though you relied on the video to make your point.

    You obviously know what youre talking about, why throw away your
    intelligence on just posting videos to your blog when you could be giving us something enlightening to
    read?

  3. I’m not that much of a online reader to be honest but your sites really nice,
    keep it up! I’ll go ahead and bookmark your site to
    come back later on. All the best

  4. After looking into a number of the blog posts on your web site,
    I honestly appreciate your way of writing a blog. I book-marked
    it to my bookmark webpage list and will be checking back soon. Please check out my website as well and let me know how you
    feel.

Leave a Reply

Your email address will not be published. Required fields are marked *