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🚀All is not as it seems on the Ethereum highway...🛣️
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🚀All is not as it seems on the Ethereum highway...🛣️
First Tuesday of 2021, Geckos! In an interesting turn of events, the US Treasury has issued a letter that allows banks to run crypto nodes and transact on public blockchains. This means banks can use public blockchains to validate, store, record and settle payment transactions as long as they're compliant with existing laws. Moreover, banks are empowered to utilize existing stablecoins for fiat conversion or even issue their own stablecoins. In today's news, gas prices are on the rise again, Aavegotchi is delayed, and Ukraine's currency is going digital. Read on! | | |
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| | | Don't stop reading! It's important. This is your moment. This is when you finally decide you're going to do something with your money — make it work for you, instead of you working for it. You're ready to level up your game and take charge of your finances. Click the link below and start investing. You know about crypto. You believe in its potential. Time to make your knowledge count.
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This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. | | Gas Prices are Exploding … Again While we still have a way to go until Eth2.0 goes live, the Ethereum (ETH) network will continue to suffer from high gas prices. According to YChart, fees on the Ethereum network have reached its third highest average of $10.20 per transaction since 2020. The weekend spike is costly, leading Crypto YouTuber Lark Davis to tweet "Ethereum gas fees soaring again, basically making #defi unusable". CoinTelegraph | | High Gas Delays Aavegotchi Launch Aave's community project, Aavegotchi (GHST), has been delayed due to high activity on the Ethereum blockchain. According to the team's Twitter, they might consider migrating to the Matic Network (MATIC) due to "insanely high gas costs" and "extreme volatility" Aavegotchi is an upcoming game which features digital collectible ghost avatars that can be tied to programmable skins and weapons. CoinTelegraph | | Ukraine is Officially Building a Central Bank Digital Currency Ukraine's Ministry of Digital Transformation has announced that they would work with the Stellar (XLM) Development Foundation (SDF) to build a "virtual assets ecosystem". The SDF has its own blockchain network which will be used to help support Ukraine's new virtual ecosystem, as well as its future digital currency. Notably, the non-profit was founded by one of Ripple's founders, Jed McCaleb, and was also awarded a contract by a German bank to issue their own euro stablecoin. CoinDesk |
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| | | | Cold WalletWallets that are stored offline and can only be connected to the internet through physical effort (eg. plugging in the USB, turning on a hardware wallet). This provides an extra layer of security compared to wallets that are stored on devices connected to the internet (eg. phone wallet). Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here | | | |
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