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In brief
DeFi protocols have been among 2020’s hottest crypto investments.
Yesterday, the total number of addresses using DeFi has surpassed one million.
But that may overestimate the number of users.
Key Takeaways
The total number of DeFi users is currently at 1,001,461, according to data from Dune Analytics.
The site analyzed usage of Ethereum-based DeFi protocols such as Uniswap, Compound, Aave, and MakerDao.
Key Takeaways
The leading U.S. tax regulator informed crypto traders about misreporting of taxes for year 2018.
For many, this has led to cumbersome tax audits or hundreds of thousands of dollars in taxes.
The discrepancy is caused by 1099-K Form used by crypto exchanges.
The price of Bitcoin (BTC) was rejected by the $19,500 resistance level yet again on Dec. 4, with traders becoming increasingly uncertain about what’s next for BTC/USD.
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Quick take:
Timothy Peterson has pointed out that Bitcoin’s price is ahead of its fundamentals by 6 – 9 months
However, this is not a big concern as it sometimes happens with technology in the limelight
Bitcoin has a high chance of breaking $20k.
The crypto community was slammed with news earlier this week that U.S. House representatives are looking to crack down on stablecoins.
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Calling Cardano an “Ethereum killer” means overlooking most of the blockchain’s goals and accomplishments.
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Known as the Bitcoin family, the Taihuttus made news back in 2017 when they liquidated all of their assets for Bitcoin. Three years later, CNBC got back in touch with the nomad family to find out that they’re still accumulating BTC and buying every dip they can.
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The volume of the Ethereum options market hit a record high as the demand for ETH increased in recent weeks. It follows the high-profile confirmation of Eth2 release, which was formalized after deposits to the Eth2 contract address reached its threshold.
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The Stellar (XLM) price is consolidating inside a symmetrical triangle right below a long-term resistance area.
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