2020 has been one of the most fantastic years for the cryptocurrency industry. This year, decentralized finance really blew up. As of December 9th this year, the Ethereum blockchain network has more than 1 million unique addresses. This increase represents more than a tenfold increase from just the 91,000 addresses at the same time last year. While these numbers are incredibly positive, experts say that it shouldn’t be taken as a sign of widespread adoption.

Speculators turned to participants
For DeFi to gain mass adoption, it must find a way to turn most of the people who know about it from simple speculators to active participants. Brian Flynn, the co-founder of Rabbithole, says that one sure way to bring people into the fold is by having a killer app revolving around speculation.

A different kind of user
To get more users active on the DeFi landscape, you definitely need to attract different kinds of user’s altogether. As it is, most DeFi applications are tailored toward a particular demographic, which excludes a lot of other people.

read more in: https://crypto.co/technology/how-does-defi-attract-more-users-and-reach-mass-adoption/

Bitcoin, the grandfather of all digital assets has had one of the biggest years. From a $9,500 low at the beginning of the year, the cryptocurrency has increased more than 200% in value this year alone. Given the political and economic trouble, many countries have found themselves in this year, it makes sense that a currency that’s not being issued or regulated by any one country should be the winner.

Bitcoin and Black Friday discounts
The biggest story in the cryptocurrency world over the weekend was how it performed. During the Black Friday weekend, Bitcoin’s prices fell to $16,300, which was the lowest it had been for several weeks. However, in the days following, the digital currency jumped to $17,000, beginning the climb that has gotten to $19,000 as of December 4th.

An opportunity for investors
This year has been one of the most favorable for cryptocurrency and blockchain technology as a whole. Although Bitcoin’s prices have steadily risen, it’s still volatile enough to make money for investors. This year, institutional money, hedge funds, and financial managers are all backing up the altcoin.

Developments
Many analysts say that although we have seen a lot of movement in cryptocurrencies over the last couple of weeks, there is a long way to go. When Grayscale, Square, and PayPal decided to get in on the fun, prices shot up because of the renewed commitment it brought to the industry.

Interesting article, read more about it in: https://crypto.co/technology/bitcoin-black-friday-sale-what-it-was-all-about/

Today is a new good day for cryptos lovers

In the post: https://crypto.co/technology/eth-2-0-launching-today-more-deposits-coming-in/ is the news of the launching of ETH 2.0.. with a more effective network and fees will soon be minimized.

In a published update on Ethereum’s Foundation last Nov. 4, Danny Ryan stated that “to trigger genesis at this time, there must be at least 16384 32-ETH validator deposits.” This is equivalent to a total deposit of 524,288 ETH.

Currently, the deposit contract is now at 869,696 ETH or $529,183,925.16 in value. This is 60% higher than what is required for Phase 0 of ETH 2.0 to launch. Deposits are still pouring in as of the moment.

The launching of ETH 2.0 has also boosted the DeFi market as a whole. The congestion in the Ethereum network causing its transaction fees to spike is one of the hurdles in DeFi growth. But with the transition, fees will soon be minimized and this will increase DeFi adoption and innovation.

Goods news

Hello team..

Since the crypto industry is new and has faced many regulation issues before being fully embraced, many of its executives have suffered since they are not able to access the appropriate insurance cover for their business.

I bring you this post to more info:

https://crypto.co/technology/crypto-execs-need-liability-insurance/