“The event is perhaps the largest test to date of a growing mood in DeFi: that all major projects should be community-owned. ‘Fair distribution’ means there are no tokens set aside for the project’s founders and investors.
According to DeFi Pulse, there is currently $1.47 billion worth of crypto assets staked to Uniswap, but a community-built data portal to SushiSwap claims that 55% of those assets are staked to switch over to SushiSwap today.
Uniswap had less than $300 million in liquidity before SushiSwap’s liquidity mining scheme gave Ethereum users a reason to dump well over $1 billion more of crypto assets into the market leading AMM. Uniswap worked well at $300 million assets and could easily come out the other side of this process with roughly the same amount or even more.
The open question following the migration will be whether or not Uniswap has really lost anything if the migration ends with roughly the same amount of liquidity, or if the greater depth on SushiSwap actually makes it more attractive for users who want to make a swap.
The SUSHI token is trading today at roughly $3.00, well off from its all-time high of $11.93 on Sept. 1.”
See Also: Glassnode report suggests the fair value of SUSHI is just 31 cents
See Also: Arca to Gnosis: Show Us a Turnaround Plan or Give Investors’ Money Back
See Also: Security Firms Warn of Potential DeFi Exit Scam on EOS After $2.5M in ‘Locked’ Cryptos Moved
See Also: Huobi Launches Crypto Saving Products to Compete With DeFi Yield Farming
“LedgerX, a regulated futures exchange in the U.S., has introduced physically-settled Bitcoin (BTC) futures contracts. This allows investors to receive physical delivery of BTC and some analysts believe this will amplify the impact on the price of BTC.
An increase in the number of futures exchanges providing physically-settled Bitcoin contracts could benefit the market’s overall liquidity.
Investors can trade out of their position or hold to maturity and, if long, take delivery of BTC.”
“Mastercard announced Wednesday it had launched a virtual testing environment that can simulate issuance, distribution and exchange of CBDCs between banks and financial service providers, as well as end-consumers purchasing everyday goods and services.
Mastercard said the new protocol would help financial institutions understand the feasibility of CBDCs and allow them to explore new use cases, including issuance at a local or regional level.”
See Also: At least 3 nations to replace their currency with CBDC by 2030: report
“Since the start of September, Uniswap users have added an average of 150 pairs per day, signalling the popularity of permissionless token creation now possible through the exchange’s token factory.
Uniswap currently supports 8,278 trading pairs, a 90% increase over the past 30 days and nearly 10 times more pairs than Binance.
Of course, without gatekeepers to approve or deny new listings, the exchange platforms will almost inevitably support ‘a lot of worthless tokens or outright scams purporting to be something they’re not.'”
See Also: Pine.finance to Bring Limit Orders to Uniswap
“Bitcoin’s price decreased by $2,000 in the past few days, yet the network’s hashrate has set a new all-time high, breaking the 150 TH/s plateau for the first time in its history.
Miners are some of the most important players in the Bitcoin ecosystem, and their continued allocation of resources despite the recent gyrations in price may be a positive long-term indicator.
The overall economic uncertainty may be another factor that is forcing more companies and individuals to allocate resources to Bitcoin mining; an activity that is often viewed as a hedge against traditional markets.”
“The Bitcoin (BTC) mainnet has seen its first ever discreet log contract (DLC), which he calls “a very important moment in Bitcoin history”. DLCs allow two or more parties to enter into a smart contract agreement regarding a future event.
Nicolas Dorier made a bet using a DLC about the next winner of the 2020 Presidential Election in the United States: Donald Trump or Joe Biden.
When the election is finalized, the Outcome Observer will broadcast a signature that either I or Nicolas can use to settle the bet.”
“The Ethereum Foundation has announced a new round of grants given out as part of its Ecosystem Support Program, awarding a total of $3.884 million to 28 projects specializing in various spheres.”
See Also: Q2 Allocation Update
“The privacy-based browser has incorporated open source solutions from cybersecurity firm PhishFort. The aim is to help prevent phishing attacks.
Brave stated that the firm’s software would detect crypto scams and warn users about suspicious domains.“
“Inteligente said the move, discovered late Tuesday evening, has no clear outcome or objective but that internet service providers (ISPs) have been part of the move to block access.
Venezuela has a history of blocking exchange platforms. Especially those used to exchange local currency for foreign currency.”
“Walmart Canada has adopted DL Freight, a [Hyperledger] blockchain-based supply chain platform, as its national standard for freight invoices and payment management to be used among 60-plus transportation carriers.
DLT Labs’ platform eventually became a game-changer for Walmart Canada. Of the 500,000 loads processed in the past year via DL Freight, only 2% were recorded as discrepancies, representing a 97% reduction from previous levels.
Blockchain is enabling a material advance in our smart transportation network, with expedited payments, extensive cost savings and other benefits among our supply chain.”
“The Binance Uganda platform decided to delist and cease trading on all trading pairs for Binance’s native token, Binance Coin (BNB).
BNB seems to have failed to meet certain standards on Binance’s Uganda platform. Apparently, the trading pair did not have sufficient trading volume and liquidity.”
See Also: Crypto exchange volume data is becoming more reliable — but it’s still far from perfect
“A previously undisclosed vulnerability in the Bitcoin Core software could have allowed attackers to steal funds, delay settlements or split the largest blockchain network into conflicting versions had it not been quietly patched two years ago.
The vulnerability was given a severity level of 7.8 on a scale of 1 to 10, which is deemed “high”. It was caused by “remote nodes” failing to clear invalid transactions from their memory.
No attempt to take advantage of the hole was found in the wild. The vulnerability could not be disclosed publicly for over two years as node operators took longer than expected to update.”