Crypto News of the day (12.8.) | Chinese national digital currency will be used in Hong Kong • Uniswap added almost 58,000 new users per month • and other news

We have prepared for you an overview of the most important things that happened during the last day in the cryptoworld and crypto market. Welcome to crypto news of the day 12.8.

Markets

The total market capitalization of crypto markets has fallen by more than 5% in the last 24 hours and most altcoins have experienced significant price losses. Most cryptocurrency markets are consolidating profit after a few days. Bitcoin failed to reach the level of 12,000 USD and now fell by about 800 USD.

You can monitor the current prices of cryptocurrencies here.

Last crypto news of the day (11.8.) here.

Cryptocurrencies

Cardano has exceeded 10 billion ADA mark, the network is preparing for smart contracts

Cardano network has surpassed the 10 billion ADA mark in staking, which contributes to the decentralization of the platform. IOHK CEO Charles Hoskinson has confirmed that smart contracts and native tokens will be available by the end of the year.

Cryptocurrency Exchanges, Banks, Companies

Grayscale has launched an ad for cryptocurrencies in the United States, which is criticized by crypto-community

The billion-dollar asset management company posted a 30-second clip on Twitter. Advertising highlights the massive printing of central bank money and the pitfalls of paper money that force people to invest in digital assets. The ad will be displayed on CNBC, MSNBC, FOX and FOX Business. Although the video reached 76,000 views, 2,200 likes and 1,000 shares in a short time, some members of the cryptocommunity are not impressed. One user pointed out that advertising drew most of its airtime by presenting the history of currency and money, and almost no time for cryptocurrencies. The criticism was further criticized for the fact that the narrator did not mention Bitcoin by name in the advertisement. You can watch the spot below.

Binance, FTX and Poloniex are the most active crypto exchanges in DeFi listing

Binance has already listed nine of the 13 DeFi tokens, including Maker and Compound. FTX follows with six tokens and Poloniex is at the top of the Tier-2 category with 11 entries. Coinbase has so far introduced four DeFi tokens – Maker, Compound, Cyber ​​and 0x. Gemini and Bitstamp are still behind.

DeFi

Uniswap added almost 58,000 new users per month

Uniswap has reached a record high in user growth. According to The Block Research, Uniswap added 57,976 new users in July, up from 24,963 in June, an increase of 132%. In August, Uniswap has added 27,253 unique users.

Swipe introduced new products, the SXP token added 100% in ten days

Swipe, one of Binance’s latest acquisitions, has announced a new simplified white paper to help the mass expansion of cryptocurrencies. The native Swipe token, SXP, climbed by more than 60% to a new all-time high last week.

Blockchain, Technology

Mitsubishi is launching a blockchain platform for metal trading

Mitsubishi Corporation’s metals and minerals trading subsidiary, Mitsubishi Corporation RtM Japan Ltd, has launched a blockchain platform called ECO for precious metals trading. Platform, developed by Mitsubishi in collaboration with US blockchain company Skuchain, is built on top of the Skuchain EC3 platform for blockchain-based supply chain management and financing. According to the official announcement, the ECO will facilitate metal trading between counterparties by generating, managing and executing invoices and business receipts.

US Department of Agriculture wants a blockchain for the supply chain

US Department of Agriculture (USDA) said it expects to include blockchain technology in its rules on organic products. The move is significant because it hopes that will fight with the lack of trust and verifiability in “organic” products. Organic eating and eating have been a huge part of the global lifestyle for the last decade.

CBDC

China’s national digital currency will be used in Hong Kong

The Gulf region – Hong Kong, Shenzhen and Macao – is a $ 2 trillion economy, contributed by the region’s most important fintech, engineering and banking institutions. The report states that the digital yuan is suitable for this market in this respect. DCEP was subjected to the final stages of testing in Shenzhen last week, according to a representative of the local daily, Southern Daily. China wants to turn the Gulf region into an economic center, with the main emphasis on the digital yuan. However, existing legal and financial systems are a challenge. A representative of the People’s Bank of China in Shenzhen said that financial institutions and companies in the region that deal with “large amounts of cross-border trade will be on the list of companies piloting the platform.”

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