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🚀 SushiSwap Has Officially Said Goodbye to Uniswap 👋
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🚀 SushiSwap Has Officially Said Goodbye to Uniswap 👋
How has your day been, fellow Geckos? Gas fees on the Ethereum network are on the rise today! Will it continue to go up, or will it fall back down? Well, we do hope it's the latter. Acquisitions in the crypto industry seem to be increasing these days! The latest firm to be acquired happens to be cryptocurrency exchange Luno. The buyer? Digital Currency Group (DCG) which also owns a number of crypto firms such as CoinDesk and Grayscale. Luno happens to be the firm's first subsidiary that is a wallet and an exchange. While DCG has invested in dozens of exchanges throughout the globe, this acquisition marks DCG's entry into the retail crypto market. Today, we'll be talking about SushiSwap's migration, Tether on Solana, and the PlusToken Ponzi scheme. Read on! | | |
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| eToro gives you everything you need to trade the world's top crypto with ease. Trusted globally by over 13M, our user-friendly platform provides investors of all experience levels with a powerful suite of features and analytics — including a free virtual portfolio so you can practice trading before spending a single dollar. Level up your crypto game today. Download the app and get started. 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. | | SushiSwap Migrates From Uniswap With $1.3 Billion In TVLSushiSwap has completed its migration over to its own decentralized exchange platform. Prior to the move, the platform accounted for over 77% of the total value locked (TVL) on Uniswap. With the move completed, SushiSwap now has over $1.3 billion in TVL, compared to just $400 million on Uniswap. This is a large drop in liquidity for Uniswap, which had around $1.72 billion just before migration was carried out by the SushiSwap team. (Editor: Did you expect such a high starting TVL for SushiSwap?) CoinTelegraph | | Tether Is Now Available On The Solana BlockchainTether (USDT) has been launched on the Solana (SOL) blockchain, which is claimed to be faster and cheaper than Ethereum. USDT can be exchanged/transferred on Solana at speeds of 50,000 transactions per second (TPS), and costs $0.00001. Ethereum (ETH) on the other hand has been clogged lately, with gas fees reaching new highs. The network is able to handle 15 TPS and at the moment it costs about $2.65 per transaction. Apart from Solana, Tether is set to be integrated with three more blockchains in the future. (Editor: Will this clear the congestion on Ethereum?) TheBlockCrypto | | Suspects Behind The PlusToken Ponzi Have Been ChargedChinese authorities in Xiangshui County and Yancheng City have charged six suspects in connection with the PlusToken Ponzi which is said to have accumulated over $5.8 billion. Over 109 individuals were arrested in connection with the PlusToken Ponzi, of which 27 are executives of the operation, with the other 82 being promoters. At the height of the scheme, over 200 thousand bitcoin (BTC), 789 thousand Ether (ETH), and 26 million Eos (EOS) were siphoned. CoinTelegraph | |
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| NodeDecentralized 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 joining.Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain. Together with the miners, they are the guarantors that the network works properly. The nodes in Bitcoin are very important because they help the mission of keeping the network decentralized. 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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