Crypto News October 26: Bitcoin is the most prominent asset in human history with news Ethereum, Ripple, NFT, SHIB, Cardano, OlympusDAO, Uniswap, Shiboshis, Bakkt, SuperRare, HUMAN
From claiming that Bitcoin is beating gold, fiat, and real estate, to Mastercard, which offers crypto custody in partnership with Bakkt. Here are some highlights from the crypto market.
MicroStrategy and Bitcoin Bull CEO Michael Saylor said Bitcoin (BTC) was the most prominent asset in human history.
grandfather to say, Bitcoin is property rights. For the first time in history, it is technology that enables eight billion people around the world to own an asset class.
Saylor also said that bitcoin beats gold, fiat money, and even real estate when it comes to store of value.
The head of the business intelligence company highlighted several advantages of storing user resources in BTC. When you invest in Bitcoin, users don’t lose property taxes. It will take millions of years with no decay or loss.
Whales accumulate BTC.
One of the largest BTC whales has continued to amass by tacitly buying over $ 37 million worth of BTC.
The CryptoQuant analyst, Venture Founder, described the latest purchase today.
As this whale-related address shows, they bought 596 bitcoins at an average price of $ 62,934. That means they spent more than $ 37.5 million on the transaction in total.
Whale whale whale look who decided to come back:
– venturefoundΞr (@venturefounder) October 26, 2021
The Ethereum mainnet is getting closer to the new Altair network, which means that most of the nodes on the network will need to update their clients. According to the Nodewatch service, about 30% of the nodes are still there not yet synchronize.
The new upgrade for Ethereum is aimed exclusively at validators and does not change anything for ETH users and contracts. The update only affects the consensus mechanism of the beacon chain.
If the user is acting as an authenticator, they will need to download the latest version of the software. Users can find this version on the Ethereum blog and restart their nodes as usual.
Ripple notification that it will partner with international fintech company Pyypl to bring the first on-demand liquidity (ODL) services to the Middle East market using XRP.
According to Ripple, the United Arab Emirates and Saudi Arabia together sent remittances totaling around $ 78 billion last year. In addition, the MENA region has two of the three most important remittance corridors in the world. The Ripple and Pyypl project will begin in the United Arab Emirates.
Ant Group and Tencent have change refer to NFTs as a “digital collection” on their platforms and websites.
To date, the NFT has not been included in the regulatory framework of the Chinese government. However, government authorities have warned against using NFTs for market speculation. Last week, a state-run technology park in Guangdong Province warned people about fraud in the NFT market.
The two companies appear to be leaving the NFT. Tencent said the name change reflects the company’s commitment to compliance. Meanwhile, the Ant Group reiterated that the term “digital collection” will help “be better understood by the public,” and pledged against market speculation.
Le Bistrot d’Eleonore et Maxence, the restaurant based in Paris, has started accept SHIB, this is how Shiba Inu owners can now enjoy special French dishes.
The restaurant’s menu offers a wide variety of dishes such as tataki with red tuna, beef tart, roast beef and raspberry and mascarpone ice cream.
Messages input output
Project Management Institute (PMI), the Pennsylvania-based organization for project and product management professionals recognition Atala Prism, Input Output Identity Management Solution, is one of the most influential projects of the year.
The company behind the Cardano Protocol announced that it has been working with the Ethiopian Minister of Education to develop a blockchain-based system for tracking student performance in schools across the country.
The project, which Input Output calls the “largest blockchain implementation plan”, is scheduled to start in early 2022.
The purpose of this plan is to improve the effectiveness of education and ensure social justice among students living in poor rural areas.
Uniswap Labs claims that its cumulative monthly trading volume has hit the $ 500 trillion mark since it was launched in November 2018.
In an October 25 tweet, the exchange added that millions of users already have direct access to the markets they believe will work in their best interests.
???? Over the weekend, the Uniswap protocol has exceeded a total trading volume of $ 500 billion since its inception in November 2018. pic.twitter.com/zJeidQRhyz
– Uniswap Labs (@Uniswap) October 25, 2021
According to the log’s own dashboard, Uniswap v3 has processed a transaction volume of $ 1.3 billion in the past 24 hours. The v2 protocol has processed a volume of $ 583 million in the past 24 hours, bringing the DEX a total daily trading volume of $ 1.9 billion.
DappRadar shows the total value of locked assets for Uniswap v2 and v3 at $ 9.5 billion, while Uniswap’s own number is nearly $ 8.7 billion.
It seems that everything related to the Shiba Inu (SHIB) cryptocurrency has increased in value over the past few weeks. Now Shiboshi is too witness strong increase in demand.
Shiboshis stands for the NFTs of the Shiba Inu ecosystem. About ten days ago 10,000 Shiboshis were sold, which led to a huge surge in demand.
Based on the official contribution, this NFT costs between 0.1 ETH and 0.3 ETH depending on when people mine it and each wallet can only mint up to 10 Shiboshis.
Right now, Shiboshi owners can get returns between 300% and 900% depending on when they mint them.
This is because the Shiboshi NFT minimum price on OpenSea is currently around 1.1 ETH, which has increased by over 30% in the past few days.
The head of IOG and the director of Cardano, Charles Hoskinson, posted on Twitter several photos from Africa showing that Cardano’s tour of African countries continues and that he has met with leading politicians on the continent to discuss innovations in the blockchain- Technology to speak.
And before Burundi, we had a wonderful meeting on the subject of the blue economy with President Hussein Ali Mwinyi in Zanzibar. pic.twitter.com/jOqUmj0VeB
– Charles Hoskinson (@IOHK_Charles) October 25, 2021
In the published photos, Hoskinson is standing next to Zanzibar’s eighth president, Hussein Ali Mwinyi.
On October 15, Hoskinson flew to Cape Town from the USA to organize meetings on blockchain innovation initiatives in African countries as part of the CiTi event.
OlympusDAO has introduced a new protocol that makes stablecoin swaps easier.
On October 26, OlympusDAO developer “Ohmzeus” announced that it had run an experimental project called Range, which consists of pools of decentralized stablecoins that do not use a price curve. The programmer described Range as an “optimistic stablecoin swap protocol” designed to “completely eliminate the price curve”.
Introducing Range, an optimistic stablecoin swap protocol.
(Note: range has not been verified. Use at your own risk with money you can afford to lose.)
Let’s go over what it does
– Zeus (3, 3) (@ohmzeus) October 25, 2021
The protocol uses “range pools”, which assume that both tokens in a pool have the same value. There are currently six live pools for DAI, LUSD, FRAX, USDC, USDT and MIM, although the developer has emphasized that they will not be checked.
Mastercard, the financial services giant, will announce that thousands of banks and millions of merchants on their payment networks will be able to quickly incorporate cryptocurrencies into products through a partnership with the institutions.
– Nik Bhatia (@timevalueofbtc) October 25, 2021
The deal will bring a variety of crypto services to the Mastercard payment network, including bitcoin wallets, the ability to earn rewards on crypto-enabled credit and debit cards, and the portability of redeeming points from the loyalty program in bitcoin.
Super rare news
NFT SuperRare market established new entry with total October sales of $ 31.4 million.
SuperRare is an Ethereum NFT marketplace where collectors can purchase blockchain proof of ownership for digital items such as memes, videos, or works of art.
The previous monthly sales record was $ 29.5 million in March, with 929 active collectors buying 3,179 works of art. The average price for works of art is between 3.0 and 5.5 ethers, or about $ 12,600 to $ 23,000.
HUMAN Protocol (HMT) was established announced Start of a $ 10 million grant program.
The HUMAN Grants Program aims to develop and deploy applications that use Human Protocol as a core part of project functionality.
The program exists to support and assist projects that create protocol use cases by providing funding, technical expertise, ecosystem building, and promotion.
Elon Musk said there was “strong inflationary pressures” on the US in the short term.
Tesla CEO Elon Musk sparked the ongoing inflation debate with a recent statement.
While the USD billionaire narrowed down his long-term projections, he wrote in response to Ark Invest CEO Cathie Wood’s tweet about the pace of the currency’s decline in the US that there was “strong inflationary pressures” in the short term.
In the long term I don’t know, but in the short term we are seeing strong inflationary pressures
– Elon Musk (@elonmusk) October 26, 2021