The Brief Crypto News - Jul 9 2020 Ep.4

in #crypto4 years ago

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Greetings Everyone

and welcome to the Brief Crypto News.

First of all, yesterday, there was an All Time High of Bitcoins's Hashrate, and this indicates that miners find mining profitable, again. And now let's take a look on the market.

  1. Bitcoin trades at $9387 and Ethereum at $245.
  2. BCH $241,
  3. ADA $0.12345
  4. BSV $187
  5. LTC $45
  6. CRO $0.1437
  7. BNB $17.05
  8. Market capo is over $279 billion

What is DeFi?

  1. An Application build on a network - such as Ethereum - controlled by no one are called Decentralized Application or Dapp.
  2. A financial service that offered by such a Dapp is a Decentralized Finance or DeFi
  3. DeFi want - and can - to replace the financial services that traditional offered by Institutions, like banks.
  4. These applications can offer - but not limited - borrowing, lending, exchanging and others, while obeying only to its protocol.
  5. Protocols are mostly open source so any one can check their components.
  6. DeFi is a very big and rising market.

DeFi All time High transaction volume

  1. Ethereum doubled its active Dapp users
  2. Total volume locked in DeFi is $11.5 Billion.
  3. All time high transaction volume at $608 million on June 21

Analytics from Q2 report.

  1. Expedia with
  2. has a deal with since Nov 2019
  3. Also, merged with Travel ByBit - a flight booking service - on May.
  4. Now a new deal with Expedia
  5. Expedia's - over 700k - hotels will now have the opportunity to be booked with 30 different crypto currencies.

Andreas Antonopoulos answer for Bitcoin privacy

  1. He said that he would like to see more privacy features on Bitcoin.
  2. "Bitcoin structure simply does not allow stealth addresses."
  3. "Bitcoin will probably never have privacy features like those on Monero (XMR)"
  4. From his live-stream Q&A on his YouTube channel on July 7.

Crypto Market

  1. Side way moving market, for a lot of traders, is "the calm before the storm"
  2. For a two weeks there is a Resistance lever at $9400 and a very strong Support level on $9000.
  3. The constantly rising DeFi ecosystem makes Ethereum one of the most undervalue crypto currencies.

As always thank you for your time. Please like, tip/spot, upvote and share!

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