Back in December 2017, when BTC hit $20,000 for the first time, altcoins such as Bitcoin Cash, XRP and Litecoin were firm favorites in the top five. Tether and Binance Coin were nowhere to be seen among the 20 biggest coins. Some, like Polkadot, didn’t even exist. Fast forward to 2021, and the rundown of the 10 biggest cryptocurrencies by market cap looks very different indeed.
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Bitfinex launches ETH and BTC loans
The cryptocurrency exchange’s users will now be able to borrow bitcoin and ether using fiat currency or stablecoins as collateral
Bitfinex customers can now use fiat currencies such as the United States dollar, the euro or the Japanese yen, as well as the tether (USDt) stablecoin issued by Bitfinex’s sister company Tether, as collateral to obtain a loan in BTC. ETH loans, on the other hand, can only be financed by the United States dollars that the borrower holds on the platform.
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Russia may not be the biggest user of cryptocurrency for everyday purchases—that's Ukraine—but it's the largest (Photo: Chainalysis)Revealed: The countries with the highest levels of everyday crypto use
Ukraine, Russia and Venezuela top the Chainalysis list—but major economies such as India and the U.K. narrowly miss a place in the top 10
Joining Ukraine in the top 10 were Russia, Venezuela, China, Kenya, the U.S., South Africa, Nigeria, Colombia, and Vietnam. Overall, the company said that its findings show “excitement around cryptocurrency as an investment and, especially in the developing world, as a means of value storage and medium of exchange.”
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P2P Bitcoin exchange Paxful adds tether, more coins coming
Top peer-to-peer cryptocurrency exchange Paxful adds USDT stablecoin to allow customers to avoid price fluctuations, announces plans to add more cryptocurrencies
USDT support is meant to allow users to protect their funds from the volatility typical of nearly all crypto assets.
