One of the largest financial corporations in the United States, JPMorgan, plans to invest $20 million in an Ethereum-based company, while daily trading volume in DeFi ecosystems and decentralized exchanges grew exponentially. This news and more in this handy daily summary so you always stay up to date most recent events in the crypto world.
📍JPMorgan, the corporation Manhattan's largest financial institution is preparing to lead a fundraiser for ConsenSys, a company based on the Ethereum blockchain. The block states that JPMorgan will be making a strategic investment of $20 million and that an agreement is also being worked on in which ConsenSys will assume the assets of JPMorgan Quorum.
📍On Ethereum, decentralized applications (dApps), ecosystems DeFi and decentralized exchanges (DEX) exceeded more than $426 million in daily trading volumes. The incredible growth represents around 300% compared to the daily volumes handled just 3 weeks ago, when they were around $100 million per day.
Source: Dune Analytics
Likewise, the trading volumes in Dapps by Ethereum y Uniswap They also exceeded those achieved during June and July. Around $2 billion was traded on Ethereum Dapps in just one week, while Uniswap went from $60 million to $220 million, a big jump for this decentralized finance protocol.
📍The founder of Cardano (ISLAND), Charles Hoskinson, who is also one of the co-founders of Ethereumis offered to help Ethereum Classic to recover from the tragic 51% attack where the network lost almost 5 million dollars in double-spending. Hoskinson stated that he had 15 professional technicians on hand to help the network establish a decentralized treasury system similar to that of the Cardano network, but that he will not make future commitments to ETC unless they accept his terms and conditions for establishing a treasury. safe and sustainable. In this regard, Terry Culver, CEO of Ethereum Classic, announced that the team of developers as a decentralized community is open and receptive to suggestions and recommendations from other participants in the crypto ecosystem, but that it is not waiting for the intervention of someone else in the network. Culver assured that ETC is focused on working diligently to discover those responsible for the attack and secure the network so that it has a bright future.
📍El exchange of cryptocurrencies Bitfinex There are errors in your system at the time of this publication. The platform states that the developers are investigating the causes of the failures, to restore services and trading operations as soon as possible. So far, the causes of the technical failures have not been made known.
📍Telos, One block chains most active and used in terms of transactions per second reveals that APPLICATIONS, a social network designed for mainstream and crypto ecosystem influencers, will migrate its platform to Telos. The information was confirmed by the Director of Operations of APPICS, Uma Hagenguth, who announced that by evaluating the technical characteristics of Telos and its ability to create instant accounts, they decided to migrate their platform to this network. The decision seeks to generate suitable options to offer an excellent user experience to APPICS users, who demand easy-to-use and high-performance applications for content creation.
📍Assetz Capital, a peer to peer lending platform (p2p) based in the United Kingdom, He launched a new market for investors, Access Account Marketplace. This new market will allow investors to buy and sell loan sections easily, quickly and safely, while at the same time they will be able to apply discounts when investing or withdrawing part of their investment. According to the company, Access Account Marketplace is a market that automatically connects all those investors who wish to withdraw their funds with all those who wish to invest.
📍Since its appearance and rapid global spread, the COVID-19 pandemic has caused great havoc in the economy and commercial activity worldwide. Now, in Europe several banking institutions, such as TSB Bank, are taking strict measures such as gradually reducing the functions of hundreds of tellers who carry out their work in physical branches. The measure is implemented due to the low attendance of clients at the entity's physical headquarters, which forces TSB Bank to reduce the number of personnel it has available for the teller function and train them in new skills for the growing digital market. Will the current pandemic be a unique opportunity that will help accelerate the mass adoption of blockchain and new technologies?. In Indonesia, the Vice President of the Asian country believes so. Ma'ruf Amin, stated in a conference that digital communication, the digitization of payments and other sectors, is becoming something “absolutely necessary” for society.
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