Weekly Crypto Roundup with Crypto Rays

Weekly Crypto Roundup with Crypto Rays

By Venkatz | Crypto_Rays | 11 Oct 2020


 

Google Cloud ~ EOS Network

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On October 6th, 2020  Block.one released a report stated that  Google Cloud is joining with the EOS community and taking all the steps to become a Block Producer in EOS Network (EOSIO BLOCKCHAIN).

Google cloud's Developer Advocate Allen Day, stated that Google cloud is starting the process of Becoming a Block Producer Candidate in EOS Network.

The EOS Networks comprises with 21 Producers.     Adoption is Inevitable......

Bank of Japan Testing  CENTRAL BANK DIGITAL CURRENCY (CBDC)

Bank of Japan stated that they will start the Testing phase on Central Bank Digital Currency in the Fiscal Year 2021.They also Stated that there is no plans right now to issue CBDC. The Testing's will be done in Three stages.

Early 2020, 6 major central banks  Bank Of Japan, European Central Bank, Swiss National Bank , Bank of England, U.S Federal Reserve   Regarding this  Bank for International Settlements launched a joint research group on CBDC's.

KUCOIN  Resumed its Operation

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 After face the major Hack.  Kucoin Started its all Exchange Operations. They stated that they are  wallets security strategies are updated for  major coins BTC, ETH and USDT.Now users Can trade their assets in Kucoin. some limitations is still there the users can deposit  TRON, EOS  but can't withdraw those we will wait for updates.

Kucoin CEO, Johnny Kyu  stated almost 64$ million of stolen assets are recovered already and 22$ million worth of USDT is Freezed. But still 70$ is unrecovered. This won't stop Crypto's Growth this hack gives another opportunity to strengthen the Crypto Securities. 

No Doubts Kucoin is People's Exchange

Miners on ETHEREUM Made 450K ETH in the way of Network Fees

Nearly $168 Million gained from  ETH Fees We all know that recently the DeFi is trended for the past months. the users didn't hesitate to pay the gas fee they involved in most of the DeFi projects. But the Fee issue hurted lot of peoples and all are waiting for ETH 2.0. Still Miners are Happy.

 

LiteCoin (The Little Brother of BTC) Mimble Wimble

 On Jan28, 2019 Charlie Lee Tweeted that he was focusing on Making LiteCoin more Fungible by adding Confidential Transactions.  In Early October 2020, Litecoin's Mimble Wimble Protocol was Launched on the Testnet.  Mimble Wimble Developer David Burkett, Stated the Full Activation of Mimble Wimble will be happen in 2021.

Charlie Lee is doing Great for LTC till now. LiteCoin has a Bright Future  in near future.

Yearn Finance (YFI) Developer  Andre Cronje got Threatens

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The DeFi Wave Trend Started when Year Finance surpassed BTC Value. The Developer of YFI. getting Threatens. after that Cronje  gone silent in social media. In his Tweet  Cronje said he had received a variety of threats after investors raced into his unfinished and unreleased protocol, Eminence (EMN),

Hope he will back. the Crypto Peoples showing love to Bring Back Andre Cronje.

 

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Venkatz
Venkatz

I am Venkat From India I graduated in Computers and then did Masters of computer Application also Master of Philosophy in Network Security. I interested in Learning New Things. I love the blockchain Technology I am in Crypto From 2017.


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