Fri, Sep 11, 2020 9:46 AM

Crypto Weekly News — September, 11

Weekly digest autumn

What important crypto events happened last week?

Cryptocurrencies

📌 VeChain: New Consensus Algorithm Offers Strong Performance And Security

The VeChainThor blockchain will receive a new consensus algorithm called SURFACE or Proof of Authority 2.0 (PoA 2.0). The double consensus model gives users the ability to choose different levels of security for their transactions.

📌 Chainlink Surges 25% Higher As Altcoin Market Recovers

Some altcoins have suffered in the past few days, dropping significantly from their recent highs. During this time, LINK underwent a strong leap that lifted the cryptocurrency by 25%. Analysts are divided on what comes next with Chainlink.

📌 Monero Is Traceable Using New CipherTrace Tool 

Analyst firm CipherTrace has unveiled a first-of-its-kind tool for tracking transaction flows in Monero (XMR) at the request of the US Department of Homeland Security. The new tool will allow tracking of stolen coins and those used for illegal transactions.

Updates

📌 MetaMask Has Launched Its Ethereum Wallet For iOS And Android 

Starting September 4, Android and iOS users are required to download a full mobile version with the ability to interact with dApps. To synchronize history and import existing wallets, the user just needs to scan the QR code.

📌 Crypto Exchange Bitstamp Exploring 25 New Tokens For Listing 

The list, published on September 3, includes Augur (REP), Maker (MKR), Polkadot (DOT), Chainlink (LINK), Tezos (XTZ), Cardano (ADA), Kyber Network (KNC) and others. Bitstamp is known for its extremely conservative approach to the listing of new coins. The marketplace currently supports only seven crypto assets.

📌 OKEx Officially Ranked The World’s Largest Crypto Derivatives Exchange 

CoinDesk Research analyzed and evaluated data from CoinGecko, according to which the value of outstanding contracts on OKEx at the end of last month was $1.6 billion, making it the largest crypto derivatives exchange in the world.

📌 Binance Launches DeFi-Styled Automated Market Maker Pool 

Binance Liquid Swap is based on a variety of liquidity pools, allowing crypto assets to be swapped using the Automatic Market Maker (AMM) pricing algorithm instead of the order book. This guarantees price stability and lower transaction fees. The new trading feature allows users to pool tokens for instant liquidity and earnings.

Law, Cybercrimes, Mass Adoption

📌 Mastercard Releases Platform Enabling Central Banks To Test Digital Currencies 

The project is a controlled environment in which banks can simulate the issuance of national digital currencies. The result will be an assessment of their compatibility with the existing payment ecosystem and the practicality of using CBDC.

📌 Eterbase: A New Attack On A Crypto Exchange 

On September 8, unknown persons hacked Eterbase cryptocurrency exchange located in Slovakia. The site announced the loss of user funds in Bitcoin, Ethereum, Tron, XRP, Tezos, and Algorand totaling over $5.3 million. Representatives of Eterbase said that they contacted all centralized exchanges to which the stolen funds were sent.

📌 US Crypto Adoption Rate Lags Behind Russia and China 

Recent data showed an astonishing first place for Ukraine in the 2020 Global Adoption Index, followed by Russia and Venezuela. The index considers the total cost of online transactions, the cost of online retail transfers, and the number of cryptocurrency deposits online. The index also takes into account the volume of transactions made on P2P cryptocurrency exchanges.

📌 Just Eat In France Accepts Bitcoin, Bitcoin Cash And Ethereum 

The integration of cryptocurrencies into more than 15,000 restaurants in France was carried out through the Bitpay payment service. This initiative can promote the use of cryptocurrencies among the general public in a more democratic manner. Bitcoin conversion will be carried out in accordance with Bitpay's own quotes.

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