“Telecom giant Deutsche Telekom, parent company of T-Mobile, has announced that it will run a validator to support Ethereum staking. The German company said Thursday that it is working with StakeWise to operate a pool, allowing customers to take part in validating transactions.
As a node operator, our entry into liquid staking and the close collaboration with a DAO is a novelty for Deutsche Telekom.”
“Ernst & Young’s global blockchain leader Paul Brody told Decrypt the company is “all-in” on public blockchains, particularly Ethereum.
EY’s in-house arsenal currently contains a smart contract testing tool developed by its security team in Israel, a system called EY Ops Chain which uses tokenization for traceability and transparency within supply chains, and a Zero Knowledge (ZK) Optimistic Layer 2 Rollup for affordable transaction privacy for enterprises. Brody also said the company is building a carbon offset marketplace and carbon tracking tools.
This will be the future path for most business-to-business transactions and we need to not just know a little bit about it. We need to be all in.
We made a very strategic decision to only build on Ethereum. I have a limited engineering budget. I want us to be the best on earth at Ethereum—which is the largest market—not pretty good at 20 other things.”
“The development team behind DeFi’s largest exchange Uniswap is reportedly on track to become the next crypto unicorn.
TechCrunch reports that the round could fall between $100 million and $200 million, with a Singapore-based sovereign investment fund and Polychain tied to the deal. The deal would give Uniswap a $1 billion valuation. The exchange currently commands a TVL over $5 billion across its various pools.”
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“Bitcoin has put in a positive performance in October in eight out of the past 12 years, with an average return of around 30%. However, one indicator tracking the U.S. dollar liquidity calls for caution.
The so-called USD Liquidity Condition Index has slipped to a 19-month low of $5.7 trillion. Since 2021, major bitcoin price tops and bottoms have coincided with local peaks and troughs in the dollar liquidity index.
The Fed net [dollar] liquidity is falling off a cliff, a clear headwind for crypto asset prices.
The index assesses the degree of dollar liquidity based on the interaction of three factors – the size of the Federal Reserve’s balance sheet, the Treasury General Account (TGA) and the reverse repo balance held at the New York Fed.”
See Also: 5 important BTC price indicators are in multi-year “buy zones”
See Also: Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes
“User activity on blockchain gaming decentralized applications (DApps) surged in September, with a host of games posting significant increases in the number of active users. DappRadar noted that eight of the current top 10 blockchain games are mobile-first, which could eventually ‘bring millions of users to the blockchain.’
Dapp games like Gameta, Benji Bananas, Upland, and Trickshot Blitz let anyone with a mobile device earn crypto with little prior knowledge, investment, or risk.
The biggest uptick in users came from Animoca Brands’ Benji Bananas (Polygon), which saw a 2016.54% increase over the past 30 days. Meanwhile, NFT-based card battle game Gods Unchained has seen its NFT sales volume creep into the top 10 in NFT sales volume.”
See Also: Double Jump Tokyo to Build Blockchain-Based Games Using Sega’s IP
“Central bank digital currencies (CBDCs) can work well with decentralized finance (DeFi), and they have a lot of potential to boost DeFi adoption, according to a Swiss central bank official. Despite being polar opposites, centralization and decentralization in digital currencies can actually work together.
He noted that major stablecoins like Tether (USDT) and USD Coin (USDC) are the most widely used stablecoins in DeFi. Unlike Tether or USD Coin, a CBDC would entail lower risks for DeFi than a redeemable stablecoin because central bank money ‘does not entail counterparty risk.’
With CBDC used in DeFi, we can expect hundreds and trillions of dollars of liquidity brought into this market, big institutions getting in this space and real-world assets moving on-chain.”