Reducing the number of active Ethereum addresses
Gas prices have also fallen.
As the DeFi markets began to cool, the impact on Ethereum usage is clear. The total cost blocked on all DeFi platforms remains high, at nearly $11 billion, but food madness and a sharp increase in yields seem to have subsided.
As activity on ETH addresses declined, demand for network usage declined, and this is good news for gas prices.
Bitcoin approaching a new record high in Argentine pesos.
Bitcoin has become a much better saving agent than the Argentine peso.
Bitcoin, measured in Argentinean pesos, is approaching a record level, as CoinSafe co-founder Michael Fluxman noted:
CoinGecko data shows that 1 BTC is currently worth 875,034 ARS after another collapse of the Latin currency.
SBF FTX is subjected to rigorous testing
CREAM votes to remove FTT from listing.
Many in the community have attacked Cream Finance because of the risk associated with having 40% of all collateral in a not very popular exchange token. Spencer Noon from DTC Capital called it “reckless,” and the CEO stressed that 25 percent of all floating $FTT was also for $ CREAM.
The issue under consideration sparked a fierce discussion on the Internet, which resulted in a vote on a snapshot of the management to determine whether to exclude FTT from CREAM.
Buying MicroStrategy bitcoins means that all Norwegians own bitcoins.
The Government of Norway owns a stake in MicroStrategy software giant.
This is due to the fact that the Norwegian government pension fund owns 2% stake in MicroStrategy, a U.S. software development company, and MicroStrategy has bought many bitcoins, about $425 million. Thus, every Norwegian citizen now indirectly owns 1.72 dollars of crypt currency without even knowing it.
What will the crypto market without BitMEX mean?
Despite the problems with the law, the popular crypto exchange continues to operate with decent daily trading volumes.
In the worst case, if the defendants are found guilty, the exchange’s assets may be seized, accounts frozen and all trading activity suspended. At the moment, however, this is unlikely, especially since BitMEX has rushed to defend its actions, despite the fact that it has shifted most of its senior management.
1.5 billion dollars in bitcoins now locked in Ethereum
Bitcoinners seek to maximize the use of intellectual contracts for decentralized Ethereum financing
As of October 12, 131 455 bitcoins or $1.497 billion are worth on Ethereum. That’s the equivalent of 3.6% of the Ethereum market capitalization, according to the Dune Analytics website.
To be clear, we are talking about a synthetic bitcoin, a bitcoin that has been converted into tokens based on Ethereum, which represent bitcoin. The most popular is Wrapped Bitcoin or wBTC, which has a 73% market share. Next comes renBTC with 20% market share.
Financing of block companies increased by 79% in 2020
This year, so far, there has been a significant increase in financing for companies based on the blocade.
Recent results show that funding for blockaded companies has increased by 79 percent this year and there are many reasons for this.
Blockchain technology creates several pillars that many companies want to use.
From the very beginning, it is decentralized. This allows you to create applications where management is concentrated in the user community, rather than in a single corporation or organization.
Updated exchange of crypt-currency derivatives is preparing for takeoff after BitMEX failures.
Qume presents an updated set of services.
Qume, a company registered in Singapore, grew out of a sandbox of the Central Bank of Bahrain. In terms of compliance with “know your customer” rules and the fight against money laundering, a team that included former JPMorgan and Nomura employees has developed a regulatory framework. In addition, last week Qume completed the integration of Berlin’s Fractal company, which uses AI and places photos of new users in KYC databases in their home jurisdictions.
Shroom Finance launches Gaming DEX GameSwap
DeFi Shroom Finance protocol has launched a decentralized exchange of in-game assets.
The new exchange, called GameSwap, is a peer-to-peer platform for trading in-game assets. It is based on the standard of non-replaceable token Ethereum and will work similarly to Uniswap, according to the report. Recently, the popularity of NFT has increased dramatically against the backdrop of the growing digital art scene.
Will be created liquidity pools with appropriate incentives for crop growth, and the protocol will work on its own token GSWAP instead of Ethereum.