7 October

“MetaMask announced a new feature Tuesday: token swaps directly within the popular Ethereum browser extension and mobile application. MetaMask also announced Monday it had reached 1 million monthly active users.

MetaMask will seek the best exchange rate for any given trade, accessing all the best-known places to conduct an exchange. The MetaMask announcement lists services such as Uniswap, Kyber, ParaSwap, 1inch.exchange and dex.ag.

This new service is the latest step in monetizing MetaMask. ‘There are dynamic fees that range from 0.3% to 0.875% based on order size.’

The token-swapping feature will release first on its Firefox browser extension, before adding extensions for other browsers and MetaMask mobile.”

See Also: MetaMask hits 1M monthly users thanks to DeFi boom

“Specifically, the ban will affect “the sale, marketing and distribution” to retail investors of any derivatives contract or ETNs that linked to “unregulated transferable crypto assets” issued by entities in or outside the U.K.

The U.K. financial regulator said it considers these products to be ill-suited for retail consumers due to the harm they pose, asserting they cannot be reliably valued by retail consumers.

The FCA classifies unregulated transferable crypto assets as “tokens that are not ‘specified investments’ or e-money, and can be traded.” The term incorporates major cryptocurrencies like bitcoin, ether and XRP.

The U.K. ban will come into effect on Jan. 6, 2021.”

No further stimulus package talk will occur prior to the election, the president said in subsequent tweets, while boldly forecasting victory.

Immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.

Following these tweets, the market responded in disapproval. Stocks fell noticeably, while Bitcoin dropped approximately $200 before bouncing slightly.”

Over Q3, the supply of USDC, the second-largest stablecoin by market cap, grew much more than that of tether (USDT), the largest stablecoin, even though the arbitrage opportunities (as measured by the standard deviation of the stablecoin prices) were greater with USDT. This hints at a growing demand for USDC from institutional investors and traders.

Ethereum’s market capitalization increased 60% in Q3 2020, growing from $25 billion to $40.5 billion by the end of September. The market capitalization of the top 10 DeFi coins by total value locked saw an even greater increase over the quarter, growing over 345% from $1.2 billion to $5.3 billion. Aggregated as one, the market capitalization of DeFi nows makes up roughly 12% of total market value on the blockchain, and has emerged as the driving narrative for the Ethereum ecosystem.

While the ether futures market is still a fraction of that of bitcoin, it is starting to exhibit some catch-up activity. Both daily transaction volume and aggregated open interest (OI) in ether futures set dramatic new records. This shows the strong growth in the Ethereum ecosystem and hints at growing institutional acceptance of ether as an investment and trading asset.”

See Also: Ethereum Hash Rate Breaks New All-Time High

“Aragon, a decentralized autonomous organization (DAO) management platform, today announced integration with Snapshot, a service for organizing and coordinating decentralized governance votes for DeFi platforms. Together, the tools will allow people to make off-chain votes that have on-chain consequences.

Aragon Agreements requires executors to lock up, or stake, valuable collateral like crypto tokens that are forfeited if they don’t follow the will of decentralized governance votes. By integrating with Aragon Agreements, Snapshot aims to bridge the gap between off-chain votes and on-chain execution by giving vote executors something to lose if they misbehave.

Snapshot means higher participation rates for the governance of DeFi projects.”

“An initial parachain offering allows emerging projects to obtain a parachain slot on the Polkadot network.

In order for a parachain to be added to Polkadot, it must secure an available parachain slot. However, only a limited number of parachain slots exist. Polkadot’s goal is to have 100 parachain slots available on its network.

Polkadot’s native token, Dot, is also required to bond a parachain to take advantage of the network’s scalability, security, interoperability and governance functionality. Therefore, parachain teams will need to acquire parachain slots through a permissionless auction process. While teams could buy Dot on the open market, Mauric mentioned that most parachain projects will undergo an IPO to participate in these auctions, allowing teams to accept Dot loans from any Dot holder.

If the project is able to secure enough contributions to win the auction, then the Dot loans will be returned to the contributors at the end of the parachain lease period. If the project is unable to secure enough contributions and the auction is lost, then the Dot loans will be returned to contributors immediately.”

“A new contract rolled out by Ark.Gallery hopes to inject some fluid in the CryptoPunk market by letting people place blind bids backed by ether (ETH), called bounties, for the increasingly in-demand digital collectibles.

The bounties give CryptoPunk owners the option to instantly cash out by accepting any of the live bids, as opposed to listing their product and waiting on bids in a marketplace. On the buyer side, instead of placing bids on multiple collectibles (thereby locking up more ETH) users can place a bounty on “any punk” and wait for an owner to accept it.

Fractional owners of the NFT also get voting rights on sale offers and, if successful, the proceeds are distributed proportionally. One of the first blockchain-enabled art projects, CryptoPunks were built by Larva Labs and debuted in June 2017.”

“Woleet provides a software suite that allows its clients to authenticate documents and signatures using Bitcoin’s blockchain. Anyone needing to authenticate this data can verify these proofs using hashes that correspond to the signatory and the document’s public key. These proofs can be used as timestamps, electronic signatures, electronic seals and digital IDs.

With its launch, Woleet joins a class of Bitcoin startups working to bring self-sovereign digital identities to the fore of Bitcoin’s enterprise applications.

Woleet is compliant with the European Union’s General Data Protection Regulations (GDPR), and its signatures are legally binding.”

Distro uses blockchain technology, smart contracts and artificial intelligence to support the decentralized, high-frequency trading of renewable energy by commercial consumers looking to optimize and manage their energy use. It matches demand with the intermittent power generated from different sources, specifically solar and battery storage.

Each market participant is allocated an AI energy-trading agent that learns their behavior, choices and needs and provides them with energy at the optimal price. Buyers and sellers can access localized, dynamic prices for energy, and the system is designed to deter excessive power consumption when generation is low by offering lower prices when the supply is abundant.

The trial involved 20 million blockchain-validated, cleared and settled transactions, which cumulatively lowered the cost for commercial users by 11% and improved local renewables producers’ revenues by 14%. Significantly, the use of the system increased the consumption of on-site solar generation by 92%.

Balancing local electricity needs with local generation holds the key to unlocking significant grid infrastructure savings.”

See Also: DBS and Standard Chartered to launch blockchain platform to curb trade finance fraud

“Google Cloud has joined the EOS blockchain community with the intent of becoming a block producer. This would require approval of the EOS community. EOS, which has often been criticized for excessive centralization, has 21 block producers in total.

Block One also announced that a former Goldman Sachs executive named R. Martin Chavez will be leading the company’s advisory board.”

“The dark web isn’t just black markets and Bitcoin; it’s also used by activists, researchers, and journalists in parts of the world with restrictive Internet policies.

Brave having its own Tor address means that all of Brave’s websites are accessible straight from the dark web. Instead of Brave.com, it’s Brave.onion. This site protects its users’ metadata, such as its location.”