Anna KeyFri, Oct 9, 2020 8:18 PM
Weekly Digest: Gemini Exchange Updates & KuCoin Hack
What significant crypto occasions happened last week?
📌 The AAVE Token Arrives On Gemini
Controlled digital currency trade Gemini has added support for AAVE (in the past LEND) tokens, of another convention generally utilized in DeFi. Right now, just care and store administrations are accessible; exchanging will show up without further ado.
📌 RSK and RIF Integrate DAI Stablecoin
The RSK group, which fostered a sidechain expansion of Bitcoin with help for shrewd agreements, declared that the stablecoin DAI is presently accessible on its foundation. This mix permits clients to move DAI from Ethereum to the RSK sidechain, making the stablecoin accessible for utilization in a DeFi environment upheld by Bitcoin.
📌 Litecoin Inches Closer To Greater Privacy With Mimblewimble Testnet
The hotly anticipated Litecoin update, intended to expand the protection level of the organization, has come nearer because of the test dispatch of MimbleWimble technology. Charlie Lee previously reported his arrangements to coordinate this innovation in mid 2019, however progress just showed up with the appearance of the Grin++ engineer David Burkett in December 2019. The MimbleWimble update will permit clients to shroud their exchanges and individual information.
Projects And Updates
Radix announced integration with Chainlink to make DeFi Oracles more accessible to developers, which will facilitate the spread of traditional financial services through decentralized applications. Radix is a first-level Protocol created specifically for DeFi. According to its CEO Piers Ridyard, the data access that developers will get after integrating with Chainlink is vital for providing the best infrastructure to build next-generation DeFi products.
Brave web browser, which has user privacy its top priority, has announced that its websites will now be accessed directly from the dark web through .onion addresses. Greater integration with Tor will make users' experience with its services even more secure.
Bitfenix cryptocurrency exchange has announced the launching of Cardano (ADA) staking. There is no minimum amount to stake, and ADA stakeholders can expect an income of up to 4.3% per annum with weekly payouts. In most cases, users will be able to withdraw funds immediately.
The team of developers of the decentralized trading platform Switcheo will launch an analog of the Uniswap exchange, specialized in trading the DeFi market’s tokens. The exchange named Zilswap will be based on the scalable Zilliqa blockchain and will be the first of its kind.
The KuCoin exchange's CEO, Johnny Lyu, informed that his team found out who committed the hacking of the site on September 26. In his tweet, he noted that the company has substantial proof of the suspects' guilt and that the case is being handled by law enforcement officials. According to the official statement, the company has enough funds to cover all losses.
In the Canadian Kelowna, an attempt to steal a Bitcoin ATM ended with failure. The unlucky burglars could not take the ATM away but caused significant damage to the building by their truck.
The European Central Bank is considering its cryptocurrency project. The decision will be made in mid-2021 after conducting surveys among EU citizens and consulting financial experts.
John McAfee, the founder of the antivirus company McAfee, may end up in prison for tax evasion. His charge includes allegations of cryptocurrency frauds, registration of a property for the third persons, and using false names making bank transactions.
Gemini crypto exchange has hired Andy Meehan, a former executive at Morgan Stanley investment bank, to expand in the Asia-Pacific region. According to the press release, Meehan will work with regulators "to promote smart regulations that drive adoption in this growing market".
David Waslen, the CEO and co-founder of HedgeTrade, gave CoinJoy an interview in which he talked about new technologies, the accuracy of market predictions, and shared exclusive news about the project.