Crypto investors cool on Bitcoin funds, turning to Ether and XRP

Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.

Crypto investors cool on Bitcoin funds, turning to Ether and XRP

Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June.

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What Is Ethereum Classic (ETC)?

Ethereum Classic All Set to Test Code for its Latest Blockchain Upgrade Atlantis

Ethereum Classic is a continuation of an older Ethereum upgrade called ‘Homestead’. Both Ethereum and Ethereum Classic use a Proof of Work algorithm to carry out transactions. As they state on their official website: ‘ETC is the continuation of the unaltered history of the original Ethereum chain’. In July 2016, the Ethereum foundation decided to create a hard fork of the Ethereum blockchain. The group, who later came to be known as the ETC community, wanted to keep the original chain in order to maintain the immutability proposed in the initial white paper.

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Balancer Finance Guide and Review ($BAL)

Balancer DeFi project | DeFi project Balancer Exchange, Balancer Protocol

Balancer ($BAL) is an automatic market maker (AMM) protocol that reduces the cost and slippage between trades of different cryptocurrencies. Balancer is a decentralized replacement for the traditional market-maker, a 3rd party entity that provides liquidity to traded assets. Balancer protocol can be called upon by different decentralized trading platforms to automatically figure out the best rates and trading prices using Smart Order Routing (SOR). The protocol also provides the funds necessary to complete the trade, using the funds from available Balancer Pools. Balancer Finance was Launched in September 2019 by Mike McDonald and Fernando Martinelli, since then the Company had a successful seed round with $3 million invested.

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What Is Wrapped Bitcoin [WBTC]?

Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.

What is Wrapped Bitcoin (WBTC)? A Detailed Guide - Mycryptopedia

WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications.

WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.

Wrapped Bitcoin was first announced on October 26, 2018, and officially launched on January 31, 2019.

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About ETH 2.0

Binance Staking – ETH 2.0
Secure to Stake. Easy to Use. Steady to Earn.

ETH2.0 is the next generation of Ethereum and uses proof-of-stake (PoS) to secure its network. PoS can generate staking income, but participating in ETH2.0 requires 32 ETH in staking and validator construction technology. In order to lower the threshold for users, Binance Staking provides users with a one-click staking service, and 100% on-chain staking income will be distributed to users.

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