🗞 Daily Crypto News & Video October, 15th💰

vlemon (76)in Project HOPE • 4 years ago

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis.

Enjoy!

No Daily Crypto Video today, I will see you all tomorrow !

🗞 Market Wrap: Bitcoin Slips to $11.2K; Uniswap Flows Dominate Ether

Bitcoin is trending downward while ether transaction activity is showing Uniswap’s influence on the market.

Bitcoin (BTC) trading around $11,359 as of 20:00 UTC (4 p.m. ET). >* Slipping 0.38% over the previous 24 hours.

Bitcoin’s 24-hour range: $11,286-$11,555

BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

“A small pullback after is normal and healthy in order to reload before the next reach toward $12,000,” Lifchitz added.

Investors expect more volume in the market might help push prices higher. Yet, spot volumes have decreased since late July and into August, when USD/BTC trading activity sometimes could reach as high as $1 billion on a single day.

Uniswap dominates the ether market

The decentralized exchange, or DEX, Uniswap is dominating the ether market when looking at asset flows. Over the past month, over 4.2 million ether changed hands via Uniswap, tops for the network for one entity, according to data aggregator Flipside Crypto.

🗞 Ethereum’s Vitalik Buterin Calls on Power Users to Move to Layer 2 Scaling

In the face of Ethereum’s recent rocketing transaction fees, its founder and chief scientist, Vitalik Buterin, called on users of the second-largest blockchain to move over to scaling solutions that are “already here for many classes of applications.”

Buterin took the opportunity while speaking at the opening keynote of CoinDesk’s invest: ethereum economy virtual conference, to reiterate his enthusiasm for so-called layer 2 scaling solutions such as “rollups,” which essentially means keeping transaction data on-chain while pushing the computational load off the chain.

Given that Ethereum’s roadmap for scaling the base layer of its blockchain with a technique called sharding seems to be some years away, Buterin said it was imperative users start supporting rollups.

https://www.coindesk.com/ethereum-vitalik-buterin-layer-2-scaling?jwsource=twi

🗞 More than half of all Ethereum hasn't moved in 12 months

More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months.

According to Glassnode’s ‘hodlwaves,’ which offers a chronological breakdown of the velocity of on-chain transactions, roughly 28% of Ether last moved between the past 12 and 24 months — comprising the largest segment of on-chain activity.

The data suggests that many whales spent 2019 accumulating Ether in advance of the project’s ETH 2.0 overhaul — for which phase 0 is expected to commence in the coming months, allowing users to stake their Ether for the first time.

🗞 Five mega exchanges hold 10% of Bitcoin's entire supply

Roughly 10.6% of Bitcoin’s (BTC) circulating supply is currently held on just five centralized exchanges, according to data published by Chain.info.

More than 1.96 million BTC is currently held between the major exchanges Coinbase, Huobi, Binance, OKEx, and Kraken.

Likely owing to its custody services, Coinbase holds by far the most, with 944,904 BTC currently spread across approximately 4.39 million different wallet addresses.

🗞 Daily Crypto Calendar, October, 15th💰

Kava.io (KAVA)

"October 15th, 2020 — Harvest v1 ships along with Kava-4 "Gateway" upgrade"

Kin (KIN)

KIN Foundation plans to start new Executive Director by October 15th.

Super Zero Protocol (SERO)

"SERO's CORAL DEX will soon release the SWAP version of CORAL-CORSWAP on 15th October, 2020 and will start the liquidity mining of the..."

Celsius (CEL)

Bitfinex partners with Celsius Network to provide BTC and ETH holders with 6.2% APY and XRP holders with 4.91% APY.

PCHAIN (PI)

"#PCHAIN Mainnet Update on Thursday Oct. 15th. Our Tech. Team has fixed and improved: #Crosschain Mining..."

Stellar (XLM)

"Join us on Thursday October 15 at 9:00 am PT for a presentation of Stellar Development Foundation's quarter in review."

Swipe (SXP)

"Binance will list the second pair of Binance Leveraged Tokens: SXPUP and SXPDOWN at 2020/10/15 7:00 AM (UTC)..."

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4 years ago in Project HOPE by vlemon (76)

$4.52

STEEM 0.26

TRX 0.11

JST 0.032

BTC 63585.64

ETH 3035.86

USDT 1.00

SBD 3.84