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π DeFi Power! 3 Million ETH, Baby! π€
π DeFi Power! 3 Million ETH, Baby! π€
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| π₯οΈ HEX now trades for less than 1 satoshi
The price of a single HEX token has become so small that we can no longer display it's value in bitcoin terms properly.
Even so, Richard Heart, the coin's vocal creator, has continued to promise vast returns for those who hold HEX for certain periods via a staking scheme.
Domingo Guerra, co-founder of enterprise mobile security company Appthority, noted that on Saturday, there were no buyers for HEX at 1 satoshi.
Editor: Do you want to buy 1 satoshi at the price of 1 satoshi instead? Check out how much Sats you can stack if you stick to a plan.
| | πQatar bans crypto trading - report
Qatar, the Middle Eastern country with the world's highest GDP per capita income, is said to have banned cryptocurrency trading.
According to a recent local report, the Qatar Financial Centre (QFC) Regulatory Authority has said that "Virtual Asset Services may not be conducted in or from the QFC at this time."
Specifically, the regulator has said that the ban includes "anything of value that acts as a substitute for currency, that can be digitally traded or transferred and can be used for payment or investment purposes."
| | β Three Million ETH Now Locked in DeFi
The threshold of 3 million Ether (ETH) locked in DeFi has just been crossed for the first time, with the MakerDAO contract dominating considerably.
In other words, close to 3% of Ethereum's entire supply is now locked in decentralized finance applications (DeFi).
Up to 2.4 Million ETH is locked in MakerDAO, with Compound in coming in far behind at 360,000 ETH.
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