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- SushiSwap received a new domain from crypto venture firm Future Fund.
- The DeFi platform previously outlined an ambitious roadmap for 2021, including its plans to launch a lending platform called 'BentoBox'.
- Sushiswap's SUSHI token is up 30%.
Crypto venture firm Future Fund yesterday announced that it had bought the sushi.com domain name for decentralized finance project SushiSwap.
The VC firm said that it acquired the domain to “greatly increase internet traffic and exposure to the sushi brand for their forthcoming new projects.”
It’s a great gift for Ethereum based DeFi platform SushiSwap, since its online presence has so far been scattered piecemeal among domains like “sushiswapclassic.org" and “sushiswap.fi."
Ravencoin (RVN) price has rocketed higher in February as a fresh wave of buying volume lifted the token's price by more than 800% in the past 20 days.
Data from Cointelegraph Markets and TradingView shows that RVN rose from $0.016 on Jan.29 to a new all-time high of $0.189 on Feb. 19 on top of a record $1.28 billion in 24-hour trading volume.
A scroll through the project’s Twitter feed shows an increase in activity from the account beginning on Jan. 27, when the project tweeted, “Stock markets are transforming. Ravencoin is here for those who want to build services or issue assets.”
Traditional financial markets were under pressure at the time thanks to r/Wallstreetbets and its squeeze of GameStop shorts which subsequently led to brokerage firms briefly suspending access to multiple stocks.
A follow-up tweet on Jan. 29 read:
“Ravencoin was specifically designed and developed with securities as a major use case. Specifically, the problems being seen in public markets due to bad ledgers may be solved by distributed ledger technology.”
Increasing Twitter volume preceded the recent spike
- Miami Mayor Francis Suarez suggested there are more big events to come in the crypto world following Tesla's massive Bitcoin purchase.
- He said Tesla's Bitcoin investment is just the beginning for wider Bitcoin adoption.
Miami Mayor Francis Suarez told Decrypt that Tesla’s $1.5 billion Bitcoin investment is just part of the crypto world’s transition into mainstream culture. According to Mayor Suarez, there will be more groundbreaking events to follow that could transform the cryptocurrency industry forever.
“This is really just a metamorphosis and transition into mainstreaming, and I think there are still two or three mega events that are out there,” Mayor Suarez told Decrypt.
In the early hours of Feb. 20 Polkadot (DOT) trading volume began to see a significant increase which helped propel the multichain protocol to a new all-time high of $42.28.
Data from Cointelegraph Markets and TradingView shows that DOT hit a swing low at $29.36 on Feb.19 before experiencing a 44% breakout which took the price to a new 2021 high.
Excitement continues to build in the Polkadot ecosystem ahead of the upcoming parachain auctions which will allow the Polkadot network to connect with other established networks like Bitcoin and Ethereum.
The mechanism by which data is transferred between different blockchains is called “cross-chain message passing-lite,” and is currently being finalized during the Rococo phase of the project’s roadmap.
🗞 Daily Crypto Calendar, February, 21st💰
- Qtum (QTUM)
We expect this [Pioneers Program stress test] event to take place February 21st.
- Swipe (SXP)
Project is a flexible, multi-collateral Bitcoin variant backed by reputable variants such as wBTC.
"Swipe Swap testnet this weekend. Get ready to play before the launch!"
- Stratis (STRAX)
"Integration with a company that is disrupting their industry and will bring exposure to $strax through its platform."
- Electra Protocol (XEP)
"1. Tier 1 exchange listing in 3 weeks --> This is depending on the queue list of the T1 exchange"
- CertiK (CTK)
"CTK deposits are now open. Trading and withdrawals for CertiK on #Bitfinex will start from 21/02/21 at 9:00 AM UTC."
- 🗞 Daily Crypto News & Video, February, 20th💰
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.