πŸš€ Bitcoin Hits $10,000 Mark, The Crypto Rocket is Lifting Off!!

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πŸš€ Bitcoin Hits $10,000 Mark, The Crypto Rocket is Lifting Off!!

Also, If you're not looking at the DeFi space yet, you may be missing out. Let us help you get up to speed.

Hello Gecko, How was your weekend?

Isn't this a good day for Crypto!

Bitcoin (BTC) finally back up above $10k, everyone is talking about it once again. (Is this REALLY the last time we see Bitcoin below 10k?)

We must say that the price action is very timely because rather than selling your btc on the exchange, why not enjoy a 10% discount (on top of the gainzz) for a subscription on Twitch. Yep, crypto is back on Twitch!

The U.S. Federal court has also recently ruled that Bitcoin is "a form of money" under the Money Transmitters Act.

By itself, it doesn't mean much, this ruling simply meant that operating a Bitcoin Mixer, and potentially any blockchain based financial apps (without licence) is illegal in the States.


But we all know that our fight is a long one. This ruling will surely set a precedence in the US court of law and will be cited for years to come as the mainstream zeitgeist slowly and surely registers that "Bitcoin = real actual money just like your Cashapp but better"


We hope that the CoinGecko Newsletter serves you well today!

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Opera Has 170k Active Users Of Its Built-in Crypto Wallet


Popular web browser Opera, has announced that it now has 170,000 users using its built-in crypto wallet.


The company first launched its wallet back in 2018, and this is the first time it has announced user numbers. 


That being said, Opera currently has over 360 million users, meaning only a very small percentage of them interact with the built-in wallet.


CoinDesk

Coinbase Surpasses 35 million Users Worldwide


Coinbase now has more than 35 million users throughout the globe.


In an Institutional letter, Coinbase revealed they on-boarded five million new users in the past 10 months. 


The exchange also noted that the DeFi market is still in its infancy, but will continue to support the growth of such protocols.

 
Decrypt

Total Value Locked In DeFi Now Stands At $4 Billion


Just last week, we reported that the total value locked in DeFi breached the $3 billion mark.


Now, less than a week later, we're back to report that this figure has hit $4 billion.


It took a meager three days for an extra $1 billion to pour into DeFi protocols, with the $4 billion mark being reached on Friday.


At the moment, the three biggest protocols in terms of value locked are Maker (MKR), Compound, and Synthetix.


(Editor: Wen $5 billion sirs?)


Decrypt

Surprise message!

If you're reading this far down the newsletter, you're surely one of our powerusers (and candy collector?).


So we want to share something good to you.

CoinGecko ❤️ DeFi

And so we've made a DeFi dashboard where you can see the latest stats as you diligently rotate your crops to farm the latest yield.

Feel free to let us know what you think and share your thoughts and suggestions to us. We've got lots of things planned for this!

Gas


A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.


It is equivalent to 'fuel' - how much fuel (gas) does it take to conduct the requested transaction on Ethereum network.


Learn about other Crypto terms here

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