Bitcoin price climbed higher and it settled above the $34,000 level against the US Dollar. BTC is likely to continue higher if it settles above $35,000 in the near term. The pair is likely to rally above $35,000 unless there is a clear break below the trend line support. Bitcoin remained well bid above the main $30,000 support zone.
Ankr’s StakeFi launches Avalanche (AVAX) Staking and Bonds
Following the launch of ETH2 Internet Bonds a few months ago, StakeFi, Ankr’s Internet Bond launchpad, has announced the launch of the Avalanche Bond (aAVAXb), wrapped under an ERC-20 token. StakeFi will enable any user holding AVAX tokens on the Avalanche network to stake and receive the AVAX Internet Bond (aAVAXb) in exchange.
Dogecoin (DOGE) developer proposes 50x reduction in fees, wins Elon Musk approval
Devs want reduced fees to encourage more free-flowing transactions and the outflow of DOGE from exchanges. Tesla CEO Elon Musk, the unofficial “DogeFather,” has signalled his approval by saying it’s “important to support” these plans. Social media comments have also, on the whole, voiced a resounding approval of the proposal.
Why Ethereum Price Could Pass Bitcoin Sooner Than We Think
Bitcoin still remains much higher in terms of price. But in terms of gains, Ethereum has surpassed bitcoin gains. Bitcoin rose 245% in one year. While Ethereum rose 730% in the same time period. Almost thrice the gains of Bitcoin. This has led to investors wanting to put more money in Ethereum.
Filecoin Now Has Its Own Stablecoin
ICHI, a protocol for creating “decentralized money authorities,” has launched a new stable coin for the Filecoin network called “one FIL.” Filecoin has a new stable coin to use for payments on its network called one FIL. oneFIL is backed by USDC and Filecoin’s native coin, FIL.