“Q2 was another dominant quarter for Ethereum, recording big increases in users and daily transactions both sequentially and compared to competing protocols.
Active dapp users on Ethereum grew from around 637,000 in Q1 to more than 1.25 million in Q2. Ethereum saw 45 new dapps launched in the second quarter. Fewer dapps being released points to more work being performed on existing applications.”
See Also: Ethereum, Bitcoin Locked in DeFi Hits All-time High of $2 billion
See Also: Nearly $60M in Bitcoin Moved to Ethereum in June
“The Aave lending protocol recently launched a new feature called Credit Delegation. This feature allows users to provide peer-to-peer loans with no formal collateral requirements.
The two parties must enter into a formal legal agreement that would define terms such as repayment schedule, interest and other necessary conditions. Through an integration with OpenLaw, a project to create legal contracts recorded on a blockchain, these terms can be formalized on-chain.
The uncollateralized loan model could help bring DeFi into the mainstream as it makes loans more flexible. The initial purpose of the system is to ‘simplify the matching for Credit Delegators with borrowers that are both either institutions or businesses.'”
See Also: 3 Big Blockchain Companies Teamed Up on a DeFi Product That Pays Passive Income
“As the U.S. moves to pass legislation that threatens to weaken end-to-end encryption, Unstoppable Domains is planning to give users full control over their chat data with a new decentralized protocol.
Dchat would enable users to encrypt and store messages “directly,” unlike apps like Tinder or Facebook where a user’s messages can be read by third parties.
MyEtherWallet and imToken are already planning to launch their own apps using the Dchat protocol, which is expected to go live in the coming weeks.”
“We are excited to announce that we have successfully launched our Katalyst Protocol Upgrade and KyberDAO on mainnet! Katalyst is an important technical upgrade meant to meet the liquidity needs of the fast-evolving space.
KNC holders can [also] stake their tokens on the KyberDAO and govern the protocol by voting on important proposals and parameters, while earning rewards (in ETH) for their efforts. Any KNC holder can contribute to Kyber’s development by participating in the KyberDAO.
You need to vote or delegate your vote to someone else in order to receive rewards. Through Kyber.org, you always have full control and ownership over your KNC staked, and you can withdraw it anytime.”
See Also: Gelato Gives Developers a New ‘Money Lego’ Tool for DeFi Applications
See Also: Twitter Users Can Now Send Crypto to Each Other With Torus
“The Financial Action Task Force (FATF), whose advice is heeded by more than 200 countries, will meet in October to discuss ways to create a stronger global framework for the regulation of cryptocurrencies.
The organization will work to develop an international framework for authorities to coordinate and share information about virtual asset service providers (VASPs). The framework would help regulators get up to the same speed worldwide.”
See Also: SEC Votes on Expedited Review Process — Shorter Wait Times for ETFs?
See Also: Crypto Tracer Chainalysis Raises $13M as It ‘Doubles Down’ on Government Ties
See Also: FATF Under Germany: Expand Digital AML/CTF Efforts
“China’s push to roll out a digital version of its yuan isn’t likely to end the U.S. dollar’s century-long reign as the dominant currency for international payments and central bank reserves. But it could make a dent.
That’s the conclusion of foreign-exchange analysts at Bank of America, who argue a Chinese digital currency might be welcomed by regional trading partners as payments become increasingly electronic.”
“Swipe users can purchase cryptocurrencies from within the app and the debit cards automatically convert stored cryptocurrency into fiat currency, using the Visa payment network.
Swipe is already available in 31 countries, mostly in the European Union, and currently supports transactions in major fiat currencies, including the U.S. dollar, euros and pound sterling.”
“Hoskinson recently said that he would not mind working with Litecoin founder, Charlie Lee, to test cross chain communication.
It would be great to do something together.”
“The new designation will allow the industrial area to create a high value biomaterials market through the industrialization of medical hemp.
The blockchain-based platform will provide production line tracking solutions, classifying the products by categories of quality, origin, and final destination.
This special regulatory zone has a special meaning different from that of the existing special zone in that it seeks a rational industrialization plan for narcotic drugs.”
See Also: Major Indian Farmer Producer Organization to Use Blockchain for Supply Chains
“The much-delayed blockchain role-playing game Neon District will be launching on Ethereum layer-two scaling solution Matic. Matic claims that its infrastructure can support 10,000–15,000 transactions per second, and one to two second block times.
Neon District was previously slated for release on the Loom network, before the Loom project announced it had ‘pivoted from blockchain games to enterprise’ and went AWOL.”
See Also: Dev Outlines Three Requirements for Decentralizing Gaming
“Crypto asset Dogecoin (DOGE) has leaped 18% in 24 hours and almost 20% over the past week. The price action is happening against the backdrop of a viral TikTok challenge that encourages users to pump the coin.
Let’s all get rich! Dogecoin is practically worthless. There are 800 million TikTok users. Invest just $25. Once the stock hits $1, you’ll have 10 grand [$10,000]. Tell everyone you know.”
The Disrupt 