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Ethereum On Pace to Settle Over  1 trillion in Transactions

Ethereum On Pace to Settle Over 1 trillion in Transactions

The Ethereum blockchain network is on track to settle over $1 trillion worth of transactions in 2020. According to the data from Messari and CoinMetrics, the network settled $989 billion in value year-to-date. Julien Bouteloup, a decentralized finance (DeFi) security auditor and developer, said: “Ethereum is now the dominant settlement layer in crypto and is on pace to settle over $1 trillion in 2020. ETH took over BTC in no time.” Comparing Ethereum to Bitcoin is difficult because the latter is a store of value and a currency. In contrast, Ethereum is a smart contracts blockchain protocol that processes many types of data alongside transactions. Still, the data shows the rapid growth rate of Ethereum and the impact of DeFi on smart contract blockchains.

NewsBTC, 10/26/2020 10:00:22

Open article: https://www.newsbtc.com/news/ethereum/ethereum-on-pace-to-settle-over-1-trillion-in-transactions-in-2020-analyst

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Number of Bitcoin ‘Whale’ Addresses at Highest Since Autumn 2016

Number of Bitcoin ‘Whale’ Addresses at Highest Since Autumn 2016

As of Sunday, the population of whale entities was 1,939, the highest since September 2016, according to data source Glassnode. Whales are defined as clusters of addresses held by a single network participant holding at least 1,000 BTC . Recently, the whale entities metric increased by 2.2% last week, possibly adding to bullish pressures around bitcoin’s price. Over the years The number of bitcoin “whales” has jumped to four-year highs alongside the recent price rally.

CoinDesk, 10/26/2020 08:19:37

Open article: https://www.coindesk.com/number-of-bitcoin-whale-addresses-at-highest-since-fall-2016

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DEXFIN European digital asset management platform will soon launch

DEXFIN European digital asset management platform will soon launch

The new DEXFIN European digital asset management platform will soon launch, offering benefits from its tokenized business model including affiliate and staking income. The DEXFIN Exchange is a one-stop solution for digital assets: buy, store, and manage assets, discover new possibilities of trading in virtual reality, save on fees, and make a profit by staking. Users can also take advantage of tokenization, DeFi lending, savings in crypto . The system make use of instant payments through Lightning Network with nearly zero fees, and more. DEXFIN will launch its digital asset exchange on November 25th, 2020. The platform brings in features that will be attractive for many users.

Bitcoin PR Buzz, 10/26/2020 04:26:02

Open article: https://bitcoinprbuzz.com/dexfin-european-crypto-exchange/

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PayPal has stopped working with controversial domain registrar and hosting service Epik, a company providing services to far-right groups.

PayPal has stopped working with controversial domain registrar and hosting service Epik, a company providing services to far-right groups.

report by Mashable on Saturday said Epik claimed in open letters that the PayPal block is due to “anti-conservative bias.” However, PayPal said it had ceased servicing the company over concerns about financial risk. Epik provides hosting for sites run by far-right organizations including Gab and the Proud Boys, a violent group U.S. President Donald Trump recently refused to condem. A Mashable source “close to the situation” suggested that PayPal’s action may be over Epik’s digital currency, Masterbucks, that is used to pay for domain services and can be exchanged for U.S. dollars.

CoinDesk, 10/26/2020 06:13:51

Open article: https://www.coindesk.com/paypal-cuts-service-to-crypto-funded-domain-registrar-hosting-right-wing-sites

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Toyota’s IT arm works on digital token pilot with crypto exchange

Toyota’s IT arm works on digital token pilot with crypto exchange

Toyota Systems, the IT arm of Toyota Motor Corporation, is collaborating with Japanese cryptocurrency exchange DeCurret to develop a branded Toyota digital currency, according to an official announcement on Oct. 26. The large-scale pilot will involve 2,500 employees at Toyota Systems. The platform will feature digital currency payments for benefits. According to the announcement, participating employees will be able to exchange the digital currency for benefits points or gifts from a catalog. The new pilot uses DeCurret’s proprietary blockchain-based platform for issuing and managing digital currencies.

Helen Partz, Cointelegraph.com News, 10/26/2020 08:53:52

Open article: https://cointelegraph.com/news/toyota-s-it-arm-works-on-digital-token-pilot-with-crypto-exchange

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