MakerDAO founder: Ethereum is a vacuum that will suck in almost “all value” in crypto

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This week, millions of dollars worth of Wrapped Bitcoin — the leading representation of BTC on the Ethereum blockchain — were deposited into decentralized stablecoin protocol MakerDAO to generate $4 million worth of the DAI stablecoin.

According to MakerDAO founder Rune Christensen, this sole transaction is extremely bullish for Ethereum’s long-term value proposition, not just the protocol he helped to create.

Read the full story here ➡️


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Analyst: there has been “no point” owning crypto assets aside from Bitcoin & top 10

Analyst: there has been “no point” owning crypto assets aside from Bitcoin & top 10

In 2017 and 2018, altcoins — crypto assets that are not Bitcoin and Ethereum (which is the common definition) — were in vogue.

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Bitcoin options on the CME are seeing surging popularity; here’s what this could mean

Bitcoin options on the CME are seeing surging popularity; here’s what this could mean

After first launching Bitcoin futures products in late-2017, the CME has been garnering massive adoption amongst BTC traders and investors in recent times.

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Vitalik Buterin discusses how Google could use Ethereum for better “spreadsheets”

Vitalik Buterin discusses how Google could use Ethereum for better “spreadsheets”

Naysayers of blockchain technology relegate to a singular narrative whenever given the chance — is blockchain or DLT any better than being a glorified database? When Vitalik Buterin, Ethereum’s co-founder, was asked the question, you’d bet his reply was nothing short of insightful.

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Bullish for Bitcoin: There’s been $20 trillion in global stimulus since COVID-19 started

Bullish for Bitcoin: There’s been $20 trillion in global stimulus since COVID-19 started

The past few months have been the worst months for many economies around the world since the Great Depression.

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Binance Research to reinvent site, integrating new crypto data tools from IntoTheBlock

Binance Research to reinvent site, integrating new crypto data tools from IntoTheBlock

Binance Research – the analytics division of cryptocurrency exchange Binance – is moving to reinvent their website, partnering with the Miami-based data visualization platform IntoTheBlock (ITB) to offer the crypto market with deep insights into on-chain data.

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What else?

🧭 IOHK launches new Cardano (ADA) blockchain explorer based on Byron reboot

🏊‍♂️ On-chain metrics spell trouble as Bitcoin dips below $9,000

🔪 Volatility and “Black Thursday,” hedge funds learn how brutal Bitcoin and crypto trading can be


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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.