In this week's news, two are of extreme importance: The further centralization of Binance and the increased transaction speed of Algorand!
Happy reading!
We are preparing for the Merge. Here you can find a countdown and here you can find what I think about it. Make sure you do not fall into the FOMO-rush
https://en.cryptonomist.ch/2022/09/09/fidelity-bitcoin-trading-retail-clients/
Fidelity starts allowing its customers to buy and trade Bitcoin. They manage a decent amount of money, together with retirements funds and investments for workers.
https://cryptonews.com/news/terra-classic-price-keeps-pumping-higher-lunc-up-40.htm
We have seen a huge pump for LUNA and LUNAC: was these mere speculation or a serious reaction to the update to the tokenomics, burning tokens and creating the deflationary behavior?
https://en.cryptonomist.ch/2022/09/06/binance-auto-convert-stablecoins-busd/
Binance sends a message telling that TUSD, USDC, USDP will be automatically converted into BUSD. Is this an attempt to create more volumes to Binances issued BUSD stable-coin?
I have been always in favor to BUSD since stablecoins have to be backed by real assets and strong ecosystems and Binance is one of the strongest ecosystems. But…isn’t this a too much evident attempt of centralizing towards BUSD?
Algorand introduced the cross-chain communication and an increase in transaction speed from 1200 transactions-per-second to 6000 tps. Another feature integrated during the upgrade bring the on-chain randomness for dApps validation, making Algorand much more decentralized on Decentralized Applications as well.
Algorand keeps rocking and lucky who heared me talking about Algorand back in 2019.
