Top Blockchain and Crypto News — 10/29/2020
Atari Has Launched Their IEO Public Sale Today
The entertainment industry is at a point where to remain competitive, one must start thinking on future developments in payments and community management. Atari’s mission is to conquer the crypto space, and by creating this token, they are attempting to enable access to as many platforms and users in the videogame industry as possible via atarichain.com, the Atari wallet and generally the creation of a blockchain-based ecosystem around the Atari brand.
Atari Token has been in steady development, already establishing multiple use cases and partnerships with industry leaders, while continuously expanding its reach.
Messari Researcher States DeFi Needs More Fixed-Rate Lending Protocols
Billions of USD in liquidity had already been attacked thanks to DeFi lending protocols, doing so by offering massive returns. Even so, one researcher from Messari stands convinced that this isn’t enough, claiming the space needs fixed-rate lending options, and it needs them badly.
DeFi Growing In Demand For Stability
UMA Protocol, Yield Protocol, and Mainframe stand as a few of a number of protocols already venturing into this fixed-rate borrowing and lending markets for crypto collateral.
Jack Purdy stands as a researcher at Messari, and states that fixed rates will allow for lenders and borrowers to gain certainty, especially those aiming to forecast their returns and costs on capital.
Prominent Wall Street-Based Investment Institutions Finally Warming Up to Bitcoin
The world is slowly shifting towards a digital era of cryptocurrencies as more virtual coins emerge. Investors across the globe now realize the lucrative benefits that cryptocurrencies bring to the table. Bitcoin, being the leading digital currency, experiences a significant rise in the crypto market, currently trading at $12,775. Its trading volumes elevate each day since BTC contains a considerable number of users. However, in a massive turn of events, Wall Street investors are starting to support bitcoin despite failing to recognize its relevance in recent years.
Wall Street’s move could make a significant stride towards bitcoin and the crypto space as a whole.
Wall Street Bodies Getting On Board the Bitcoin Train
Bitcoin, along with other cryptocurrencies, has been facing opposition from Wall Street companies. The crypto side claims that Wall Street companies fail to endorse digital coins as a form of currency.
Governance issues for MakerDAO
As reported on the official MakerDAO blog, there were some governance issues during the last vote.
Last week the community voted for the increase of the surplus buffer from 2 million to 4 million and for the BProtocol whitelist on the ETHUSD oracle, OSM, and a flash loan was used to pass the vote.
An Executive Vote has been added to:
📈Increase the surplus buffer from 2M to 4M
🔮Whitelist B.Protocol on the ETHUSD Oracles (Medianizer + OSM)More info can be found here: https://t.co/6deJrBTBOO
MKR holders can vote at the NEW voting portal here: https://t.co/g9vSgxm089
— Maker (@MakerDAO) October 23, 2020
Coinbase Launches Cryptocurrency Visa Card in the US
U.S. customers can now apply for the Coinbase Visa, a card that allows users to spend digital assets anywhere Visa is accepted. In addition to the U.S. launch, Coinbase cardholders will be able to earn up to 4% back in stellar or 1% back in bitcoin.
A while back, the San Francisco-based cryptocurrency firm Coinbase launched the Coinbase Visa debit card for European customers. Coinbase disclosed that the card is now being leveraged in 30 different countries within the UK and Europe.
On Wednesday, the company announced that American residents can now register for the crypto card.
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