Table of Contents
We have prepared for you an overview of the most important things that happened during the last day in the cryptoworld. Welcome to crypto news of the day.
Markets
Crypto markets have risen sharply since Saturday morning, adding $ 17 billion, about 6%. The move raised the overall market capitalization to its highest level since mid-February, and for the first time in five months, it was more than $ 300 billion. By mid-February of this year, cryptotracks had recovered from 2019 to $ 308 billion. In the following weeks, Covid-19 arrived, which again knocked the crypto markets back to their winter lows. Now the situation is starting to look more favorable again, but fears of the second wave of the Covid-19 pandemic are also beginning to grow.
You can monitor the current prices of cryptocurrencies here.
Cryptocurrencies
71% of ETH addresses are now in profit, ETH at a two-year high
Ethereum’s rise to more than $ 300 on Saturday generated the biggest gains for holders of the cryptocurrency in more than two years. Analyst firm Glassnode said today that 71.72 percent of ETH wallets monitored are now in profit. This broke the previous maximum of 68.17 percent, which occurred 26 days ago.
Tether’s stablecoin, backed by gold, is growing rapidly
Stablecoin Tether Gold was valued at $ 1,902 on July 24, bringing the price of gold to its all-time high from September 2011. From Tether Gold (XAUT), gold rose 22.7% from $ 1,550 to $ 1,902 – stablecoin, which allows the ownership of one troy ounce of gold held in a Swiss vault controlled by the company, was launched on January 23. According to The Wall Street Journal, the commodity set a new record for the closing price at $ 2,489.50 on July 24.
Cryptocurrency exchanges, Banks, Firms
In 2020 will be the first publicly traded crypto firms
In a recent tweet, Barry Silbert, CEO of Digital Currency Group (DCC), suggests that there be publicly traded crypto-companies in 2020.” I think we’ll have some publicly traded crypto companies this year.” SPACs are companies that raise money from IPO investors to invest later in running a business. While going through a regular IPO can take months, publication through an SPAC IPO is possible within a few weeks.
DeFi
MakerDao was the first DeFi to achieve a $ 1 billion value locked
MakerDAO, a non-custodial lending protocol, became the first decentralized financing (DeFi) protocol to achieve a $ 1 billion lockout. This means that MakerDAO users have $ 1 billion in funds locked in protocol for lending purposes. As a result, MakerDAO now dominates the DeFi space with almost 28%, according to DeFi Pulse. MakerDAO is followed by Compound and Synthetix, whose total value is locked to about $ 764 million and about $ 423 million.
Blockchain, Technology
85% of Italian banks exchange data via the Corda blockchain
Banks in Italy use Corda’s R3 blockchain to greatly speed up the transaction log review process. Silvia Attanasio, Head of Innovation at the Italian Banking Association (Associazione Bancaria Italiana or ABI), said the interbank settlement process and the technologies behind the data exchange needed to change. In the old settlement system, it took a long time and was unpredictable. The average settlement time was between 30 and 50 days, Attanasio said. At Cordy, the settlement is completed within one day.
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