Crypto News of the day 17.8. | In DeFi is now locked $ 6 billion, with $ 1 billion a week added and more
3 min readTable of Contents
Welcome to crypto news of the day 17.8. We have prepared for you an overview of the most important things that happened during the last day in the cryptoworld and crypto market.
Markets
Most of the top altcoins have shown no significant fluctuations since yesterday. Ethereum moved less than 1% to $ 425, Ripple (-0.25%) to $ 0.3, and small gains were reported by Chainlink, Binance Coin, Cardano and EOS. The two most volatile assets in the top ten are Litecoin with a 3% price increase to $ 63 and Bitcoin SV with a 2.4% increase to $ 218. Other altcoins grow more significantly, 5% Stellar, Cosmos and NEO. Tron is the most significant profit here, with 8% thanks to a strategic partnership with Waves. As altcoins continue to show impressive profits, and Bitcoin still fails to beat its $ 12,000 Nemesis, market leadership declines. It is now at 58.4%, the lowest figure since mid-June 2019.
You can monitor the current prices of cryptocurrencies here.
Last crypto news of the day (15.8.) here.
Cryptocurrencies
Litecoin has surpassed Bitcoin SV and is now the 7th largest cryptocurrency
Litecoin is now catching up with the rally and has risen sharply by almost 19% in the last five days. Litecoin has now surpassed Bitcoin SV on CoinMarketCap after its market capitalization rose to $ 4.129 billion. The LTC has added another 3% in the last 24 hours. Although a relatively modest gain, it allowed LTC to become the best cryptocurrency in the top 10 during a relatively quiet weekend in crypto markets.
Cryptocurrency Exchanges, Banks, Companies
Binance reports the largest traffic for July
Crypto exchange Binance had the highest number of visitors among its competitors in July, 25 million visitors. This was followed by Coinbase and BitMEX with 22.5 million and 6.9 million visitors, according to data collected by The Block Research. Other crypto exchanges already had a smaller share, see the chart.
CBDC
MIT and the Boston Fed are collaborating on digital currency research in banking
The Federal Reserve in Boston is working with the Massachusetts Institute of Technology (MIT) to research digital currency for central bank use. Fed Governor Lael Brainard said in a speech to the Federal Reserve Bank of San Francisco that the program would create and test possible cases of using the central bank’s digital currency (CBDC). He explains that the Fed must understand the benefits and threats that digital currencies pose to the successful creation of a digital currency supported by the US government.
DeFi
In DeFi is now locked in $ 6 billion, with a billion added weekly
Decentralized financial projects are constantly gaining strength. From high-interest earnings to so-called Yield farming, we can see DeFi taking over cryptospace. Two weeks ago, the total value of locks in all DeFi protocols totaled $ 4 billion. Today, that number has exceeded $ 6 billion, adding an average of $ 1 billion a week. It is difficult not to compare the current market sentiment with the end of 2017 and ICO-mania. At the time, a small team with a flashy website and a well-groomed whitepaper could raise millions through an initial coin supply. Some financial analysts are already talking about the DeFi bubble, although the general belief is that the total capitalization is still too small.
MantraDAO is a new decentralized platform for community funding
Mantra DAO, a DeFi community platform focused on staking, lending and administration, announced that it completed its original membership offer on August 16. In total, the project raised $ 5.9 million. To make crowdfunding more decentralized and prevent large investors from having too much control over the secondary market, Mantra DAO said it had signed a digital simple agreement for future tokens, or SAFT. SAFT is an investment agreement offered to cryptocurrency developers, usually only to accredited investors. These investors thus have legal claims and protection for their investments.
Blockchain, Technology
US Post has applied for a patent to vote on the blockchain
The US Postal Service (USPS) has filed a patent for a mail-in voting system that uses blockchain technology. The patent, which was filed in February and published on Thursday, follows President Donald Trump’s conclusion that voting in an e-mail would turn into fraudulent ballots “under the names of dogs and the dead.”
Thank you for your time and reading crypto news of the day 17.8.
