🚀Uniswap gallops pass Coinbase🦄

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    🚀Uniswap gallops pass Coinbase🦄

    It's a brand new week, Geckos!

     

    Ever heard of a little game called Fortnite? Well, perhaps now is a good time to pay a little bit more attention to video games.


    Fortnite lovers on Reddit are now opting to sell their hard-earned crypto for cash.


    (Editor's Note: I guess those late-night Fortnite sessions were worth it after all.) 


    Users on the Fortnite subreddit receive crypto-based community points called 'Bricks' (BRICK) in exchange for meaningful contributions such as memes, high quality comments, and even fan art. 


    Now Brick holders are free to sell for cash but might be put off by the challenging task of doing so. 


    In today's news, Uniswap overtakes Coinbase, KuCoin points the finger, and some old Bitcoin is on the move. 


    Read on!

    24h Hot searches worldwide đź‘€

    Uniswap Surpasses Coinbase 


    Uniswap has overtaken the Coinbase, processing $15.371 billion in volume in comparison to the centralized exchange's $13.6 billion. 


    The significant spike is likely due to both the explosive growth of DeFi and yield farming as well as the launch of Uniswap's governance token (UNI). 


    While there was considerable slowdown in yield farming and the governance token craze, Uniswap maintained a consistently high volume, a strong sign that DeFi is here to stay. 


    CoinTelegraph

    KuCoin Identifies their Hackers 


    Last month, KuCoin was mysteriously hacked and lost about $279 million in crypto. According to CEO Johnny Lyu, they have successfully recovered $204 million since October 1st. 


    Taking to Twitter, he also claims that a thorough investigation has taken place resulting in substantial proof on who the hackers are. 


    Additionally, he stated that the exchange is on the way to full recovery.


    TheBlockCrypto

    Old Bitcoin is Officially on the Move


    A Bitcoin (BTC) address has just facilitated its first transaction in 10 years involving the movement of 50 BTC. 


    The wallet came to life on October 1st after being inactive since May 2010 when it received the amount from "COINBASE (Newly Generated Coins)", which is unrelated to the similarly-named crypto exchange.


    Back in 2010, mining rewards were still at 50 BTC per block.


    The Daily HODL

    Cryptography

    A discipline or field of study which practices using cryptography to convert human-readable information that can only be deciphered by individuals who have the knowledge to.


    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

    Read more on CoinGecko

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