πŸš€ Japanese cuisine and western breakfast go head-to-head!🍣πŸ₯ž

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πŸš€ Japanese cuisine and western breakfast go head-to-head!🍣πŸ₯ž

The whales have emerged, Geckos!

 

During Bitcoin's healthy correction at the start of the week, there has already been a couple of whales reaping the price correction.

 

Our favourite whale, Microstrategy, just purchased another $1.02 billion worth of bitcoin (19,452 BTC) and now owns over 90,000 BTC in total.

 

In Miami, Dubai Private Equity firm IBC Group is earmarking $4.8 billion of BTC to help realize Mayor Francis Suarez's dream of a competitive crypto city.

 

Additionally, payments company Square adds another $170 million more of BTC to its balance sheet.

 

All aboard the institutional hype train!

 

In today's news, the UK government is being urged to adopt crypto, DEX volumes rise over $120 billion and Chainlink's (LINK) upgrade promises 10x in speed.

 

Read on!

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Crypto In The Post-Brexit era?

 

Ex-London Stock Exchange CEO Xavier Rolet has recommended the UK government to capitalize on the cryptocurrency boom in its plans for the post-Brexit era.

 

Rolet's co-authored blog post emphasized that advancing digital assets adoption in the UK would invite the 'best brains' to help propel UK policies around the tech.

 

Adoption is also urged, as Rolet and his counterparts believe that 'cryptocurrency is not going away' and can position London and the nation at the centre of financial markets.

 

CoinDesk

Power of DEXs

 

It's only been two months into 2021 and DEX volumes have already surpassed $120B, with Ethereum-powered DEXs taking the lead.

 

Uniswap (UNI) and Sushiswap (SUSHI) already account for 65% of February's trade, which is expected to hit $67 million total at the month's end.

 

However, Ethereum may not be the monopoly anymore, as Binance Smart Chain's PancakeSwap (CAKE)'s trading volume surged by more than $1.1 billion this month.

 

Cointelegraph

Chainlink is Gearing Up

 

Off-chain data aggregation is coming to the Chainlink network with promises of up to 10 times the speed over the current speed.

 

This upgrade of Off-Chain Reporting (OCR) will replace its previous on-chain aggregation with an off-chain consensus that immediately reduces gas costs.

 

The OCR upgrade marks the network's largest overhaul since it went live on Ethereum back in 2019 and is currently live on Chainlink.

 

Cointelegraph


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Centralized

An organization structure wherein a small handful of actors have control over the entire network. In the context of Bitcoin, it is usually used to describe the centralization of mining power that has been concentrated in the hands of major mining equipment producers.

 

Learn about other Crypto terms here

Read more on CoinGecko

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