Aave’s share price reaches a new record high

The token price of the Aave decentralised finance platform (DeFi) reached its highest level to date.

The higher the total blocked value (TVL) in DeFi increases, the more value flows into its main platforms, including Aave.

Aave allows users to borrow and earn interest through deposits, but without a centralised regulator.

The Trust Project is an international consortium of media organisations based on transparency standards.

With the continued growth of decentralised finance (DeFi), some of its key applications, such as the Aave protocol, are seeing the price of their token rise considerably.

While the total blocked value (TVL) in DeFi is around 25 billion dollars, some of the main decentralised finance projects are recording record prices. Aave is one such project. It is an open source and custodial DeFi protocol, which allows its users to earn interest on deposits and borrowings of assets.

The soaring rise of Aave
Does this look like the setting of a traditional bank? It does. However, with Aave, the majority of fees and profits are paid to the platform’s users and its media. According to defipulse.com, an analysis and ranking platform, Aave is the second highest ranked application in terms of LCT (currently $3.63 billion).

The huge amount of value stored on the platform coincides with AAVE token prices, which have never been higher. The token has now exceeded $250. Meanwhile, the total market capitalisation of the network is approaching $3 billion. At its current market capitalization, Aave is the 15th largest blockchain network in the world.

The explosion of decentralized finance
This record level follows a 20% increase in the price in the last 24 hours. Such sudden rises seem to be commonplace in recent times in the decentralised finance industry. Investors are more enthusiastic than ever about the future of these new financial products. As a result, people are looking outside the more established tokens to try to generate interesting gains.

Many financial transactions are adapted to these decentralised platforms. These include loans, decentralised exchanges (DEX), decentralised derivatives and asset management. One of the most interesting aspects, however, lies in the platform used to develop most of these applications.

If we reference the main channels in terms of TVL on the Defipulse site, we can see that only one of the 63 main channels with its TVL does not work on Ethereum. In addition to Lightning Network, a Layer 2 scaling solution for the Bitcoin blockchain, the remaining 62 main channels are built on the Ethereum network.

This illustrates the incredible dominance of the DeFi industry through Ethereum, even though many smart contracting platforms (sometimes dubbed the „Ethereum killer“) are trying to compete with the network. With lending and storage platforms such as Aave reaching new heights on several parameters, we should see this trend continue in the future given current market conditions.

„Bitcoins para vacunas“ mientras los comerciantes negros se preparan para el lanzamiento de la vacuna COVID-19

Con la última cepa mutante de COVID-19 llenando las camas de los hospitales de todo el mundo, no es sorprendente que la gente esté ansiosa por vacunarse.

„Bitcoins para la vacuna“

Sin embargo, la administración de vacunas no es algo que suceda de la noche a la mañana, especialmente porque sólo unos pocos candidatos han sido aprobados aún. No es de extrañar entonces que bastantes personas se estén desesperando.

Esto fue evidente cuando un reciente caso de „Bitcoins para la vacuna“ apareció en el estado indio de Karnataka. De acuerdo con un periódico local, los médicos del estado están informando que a muchos pacientes VIP se les están ofreciendo „vacunas“ COVID-19 a cambio de Bitcoins en el mercado negro. Los médicos en cuestión también están siendo acosados por estos pacientes, y muchos quieren averiguar la viabilidad de las „vacunas“ que se ofrecen.

Este es un desarrollo interesante, pero no es para nada sorprendente. El comercio en el mercado negro existe desde hace mucho tiempo, y con la pandemia de COVID-19 entrando en su segundo año, una economía paralela está destinada a florecer. Lo mismo fue reiterado por el bioeticista Arthur Caplan en una entrevista reciente.

Sin embargo, lo que es aún más interesante es que la mayor criptografía del mundo sigue estando involuntariamente asociada a tales actividades criminales.

Considere esto – Según el Informe sobre Criptocrimen de Chainalysis para el año 2020,

„las transacciones en criptografía asociadas con actividades criminales representaron sólo el 1,1% de la actividad total“.

Mientras que eso podría sonar como un pequeño porcentaje, el 1,1% de la actividad total tenía un valor de 11.500 millones de dólares.

Eso no es todo

De hecho, hace unos meses, Elliptic informó que 1.000 millones de dólares de Bitcoins vinculados al infame mercado negro, la Ruta de la Seda, estaban en movimiento.

El caso actual de „Bitcoins para vacunas“ puede describirse mejor como una variante del software de rescate. Aquí, la gente no está siendo extorsionada por sus Bitcoins. En su lugar, los vendedores del mercado negro se aprovechan de las preocupaciones y ansiedades de los pacientes VIP sobre una pandemia, que ya se ha cobrado 1,94 millones de vidas en todo el mundo.

De hecho, la desesperación de estos pacientes puede ser evidenciada por el hecho de que en la India, no se ha aprobado aún la venta de la vacuna COVID-19. Según el Presidente de la Asociación de Hospitales y Residencias de Ancianos Privados,

„Incluso si uno de los candidatos a la vacuna Covid es aprobado en el extranjero, los ciudadanos indios deben esperar a que el gobierno despliegue el producto a través del Controlador General de Drogas de la India“.

Esta no es la primera vez que se „pide“ a la mayor criptografía del mundo a cambio de algo en la India. Hace sólo unas semanas, un menor fue secuestrado en el mismo estado, con los autores exigiendo un rescate de 100 BTC.

Incluso en los EE.UU., al gobernador de Michigan Whitmer se le pidió que pagara un rescate de 2 millones de dólares en Bitcoin por la seguridad de sus empleados.

Bakkt crypto exchange wants to go public

The institutional stock exchange Bakkt wants to be listed on the stock exchange via detours.

The Intercontinental Exchange, the owner of the New York Stock Exchange and the institutional cryptocurrency exchange Bakkt, announced that their crypto branch could go public

As the Wall Street Journal reported , Bakkt will merge with VPC Impact Acquisition Holdings. The company is traded under the symbol VIH. VPC is a so-called „Special Purpose Acquisition Company“ or SPAC. In German this means something like „company for purposeful purchases“. It is a shell company whose sole purpose is to buy or merge with another company in order to be listed on the stock exchange. The aim is to avoid the lengthy and expensive process of an IPO.

Bakkt is expected to be valued at $ 2.1 billion after the merger

The exchange will also raise an additional $ 532 million to support the development of the Bakkt app. This is a retail-focused wallet and reward app.

A Bakkt spokesman told Cointelegraph that the merger is expected to complete in the second quarter of 2021. The combined company will be renamed Bakkt Holdings, Inc. and listed on the NYSE. The representative also said Bakkt was now focused on bringing the app to market in March.

There were rumors of the takeover back in January, as Cointelegraph reported. Bakkt has seen a surge in volume this year and multiple records in a row . Nonetheless, it has a much smaller crypto market presence than its rival CME.