What happened this February in the cryptocurrency world?

New records and decreases, more adoptions and investments, hacks, scams, laws, and collectible tokens (NFTs); we just had quite a busy February in the cryptocurrency world. As always, we bring you a nice summary of the most important news. Let’s check it!

On the markets

Since then (Feb. 21), the price has fallen by over 20%, though. This was probably due to the investors taking profits. According to data by the analytics firm Bybt, over $5.6b were liquidated from the exchanges around the crash date. So, the price decrease might be temporary, as it was after the last ATH in January.

The developers are hopeful about solving this situation by applying the new EIP 1559 next July. With this proposal, the gas prices will decrease to more affordable figures.

This might be due to its last update dubbed “Mary”, scheduled by March 1. Mary will enable the creation of native tokens and multi-asset support. That includes stablecoins, DeFi assets, and non-fungible tokens (NFTs). Some other good news? Cardano is available now in Alfacash!

On security and regulations

Some extra news

Craig Wright. Source: craigwright.net.

Featured Image by Olya Kobruseva / Pexels

Originally published at https://blog.alfa.cash on February 26, 2021.

We are an eight-year-old and duly regulated cryptocurrency exchange. We offer crypto-fíat and non-custodial transactions, and valuable knowledge in our blog.

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