Crypto Morning News - May 12th, 2021
ETH broke $4,300, with a rise of over 10% in 24H
ETH broke $4,300 and reaching a maximum of $4317.99. It is now reported at $4,317.14, an increase of 12.02% in 24H.
The market value of Ethereum exceeded $500 billion
Coingecko data shows that the current market value of Ethereum exceeded $500 billion.
Vitalik: UNI should become an oracle token
Ethereum founder Vitalik Buterin initiated a proposal discussion on the Uniswap Governance Forum, suggesting that Uniswap can provide predictive price data for ETH/USD, and proposed that UNI become an oracle token instead of using ETH/USDC to feed prices like other oracles. Vitalik Buterin explained that algorithmic stablecoins need to provide asset prices for off-chain fiat currencies, not on-chain USD stablecoins. The oracle needs a token to prevent Sybil Attack. The cost of this attack is half of the total market value of the token minus the value of the tokens that do not participate in voting. The two project tokens with the highest listed value of Ethereum are LINK and UNI , But Chainlink is a complex system with many functions, and a simple alternative is needed to supplement Chainlink to optimize incentives and minimize costs.
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The number of new TRON accounts per day exceeds 275,000, a record high
According to the latest data from the TRONSCAN blockchain browser (tronscan.io), on May 11, 2021, the number of new TRON accounts reached 275,778, a record high. At present, the total number of TRON accounts has exceeded 33 million, and the number of daily active accounts is as high as 2.47 million. As the TRON ecosystem grows stronger, it will also welcome more users.
The average computing power of ETH exceeded 582.9 TH/s yesterday, a new record high
The average computing power of ETH reached 582.9 TH/s As of May 11th, which set a new historical high again.
Survey: About 46 million Americans hold BTC, and more than half of the respondents want to add cryptocurrency to their investment portfolio
According to NewsWeek, a survey conducted by the New York Digital Investment Group (NYDIG) shows that currently about 46 million Americans hold Bitcoin, which is equivalent to 17% of the American adult population. Some of them want to integrate cryptocurrency into their personal financial plans, including life insurance. About 75% of respondents said that they would like to learn more about Bitcoin Annuity and Bitcoin Life Insurance. 53% of respondents said that they have no digital assets, but 55% said that they would consider adding cryptocurrencies to their investment portfolios. In addition, about half of the respondents said that they would like to receive some or all of the insurance benefits in the form of Bitcoin, nearly 90% said they are interested in insurance or annuity products that have at least some indirect connection with Bitcoin .
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Decentralized NFT platform VTE completes seed round financing
VTE, a decentralized NFT game platform, announced the completion of millions of financing. This investment organization includes ParticleXYZ, Ankr, ProverbsGroup, 3commas, PrometeusLABs, BasicsCapital, LotusCapital, MoonwhaleCapital, LDCapital, Gatelabs, ChainCapital, Candaq, PAKA, DCICapital, Raptor, KryptosResearch , Momentum6, CinchBlock, ArcheProtocol. VTE will launch Pancakeswap on May 12, 2021, Singapore time.
Contract address: 0x40867bEF7947999e278900A73D00B6bE1A820c22. Online time: 12 noon on May 12, 2021, Singapore time.
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FNTX Capital Suisse supports the purchase of apartments using crypto assets such as Dogecoin
FNTX Capital Suisse, a Zug-based crypto payment expert and over-the-counter (OTC) liquidity provider, partnered with Portuguese real estate developer 355 Developments to launch a real estate plan led by the project's co-founder David Rabbi. Cryptocurrency holders will have the opportunity to directly use their digital assets (including Dogecoin) to purchase luxury homes in Lisbon. Users can execute purchases through FNTX's "Real Estate Transaction" platform. (From Finance Magnates)
Dr. Doom: Bitcoin lacks practicality and the bubble will burst eventually
The American economist "Dr. Doom" Nouriel Roubini once again fired on virtual currencies. Roubini said that no matter how much institutional investment regards virtual currency as a store of value, Bitcoin will never become "digital gold", and Bitcoin lacks practicality and use cases. Roubini also asserted that “Bitcoin and other cryptocurrencies are a bubble that will eventually burst.” If the bubble bursts, retail investors may be impacted; in addition, if the stock market shows a correction in the future, it may trigger a virtual currency collapse, and supervision Measures will gradually tighten, and virtual currencies will also face a lot of selling.
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YFI core developer banteg launches Woofy, a new project that splits YFI tokens at 1:1 million
Yearn.finance (YFI) core developer banteg released a new project Woofy to split YFI tokens, allowing two-way conversion of YFI and WOOFY, YFI holders will be able to convert to WOOFY, 1 YFI convertible (Woof) is 1 million WOOFY, you can also exchange WOOFY back to (Unwoof) YFI.
Coinbase ranked first in the U.S. Apple App Store for the first time
On May 12th, the Coinbase app ranked first in the free app download list of the Apple App Store in the United States for the first time. Prior to this, Robinhood and Coinbase ranked the top two for several consecutive days in the app download rankings of the Apple App Store Finance free list in the United States on April 16.
The Texas House of Representatives passes a new bill recognizing the legal status of virtual currencies
Today reported that the Texas House of Representatives passed the "Virtual Currency Act", which recognized the legal status of cryptocurrencies. Before becoming law, the bill must also be approved by the Senate, and it is possible to establish the state as a major cryptocurrency center like Wyoming. The bill aims to add the term "cryptocurrency" to the Uniform Commercial Law. According to the bill, "'cryptocurrency' refers to a digital representation of value, which acts as a medium of transaction, unit of account and/or means of storage of value, and is usually protected by blockchain technology."
MARKET DATA - TOP 10 [ from CoinMarketCap ]
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