Top Blockchain and Crypto News — 9/18/2020
Poloniex and KuCoin Partner to Accelerate Industry Innovation
Two exchanges, Poloniex and KuCoin, that are known to be rivals on the market have taken a decision to become partners. They intend to co-invest in researching and to explore new industry opportunities together.
Two of the industry’s best known exchanges have revealed they’ve entered into a partnership. Poloniex and KuCoin, once rivals for market share, are now partners intent on exploring synergies to grow their business and bolster innovation.
Uniswap’s UNI Price Rose 215.70%, Token Ranked 26 on CMC with $891M Market Cap
Within a single trading day, Uniswap token, UNI, has been listed in more than one dozen exchanges, hereby it is featured in almost 40 pairs.
In a surprising turn of events, Uniswap (UNI) price more than doubled during its debut day defying rumors of mass market dumping. The token was airdropped to past Uniswap users in batches of 400 per wallet without warning yesterday.
This reciprocated to approximately something like $1,400 — in regards to yesterday’s average trading value — to all its past traders. Notably, even more tokens went to anyone who had supplied liquidity or who held its SOCKS token.
Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing Close to $9B
The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the $9.6 billion high on September 8, suffering a loss of close to -29%. Since then, however, the rise northbound has been parabolic, as the defi TVL has climbed 28% so far, with locked value rising to $8.75 billion on Thursday morning (ET).
Last week, the anonymous creator of Sushiswap caused an uproar within the decentralized finance (defi) community after cashing out some tokens meant for the project’s future development.
Coinbase Spark Token: What is the Plan to Claim Spark token on Coinbase?
Coinbase Spark Token has become a commonly searched term on Google as crypto users debate why US-based exchange Coinbase has refused to support the distribution of Spark token to their XRP clients. In other words, people holding their XRP tokens on Coinbase can’t claim the Spark token.
Before we dive into the reasons for Coinbase’s actions, it would be appropriate to start from the genesis for those who are not familiar with how the Coinbase Spark Token saga started.
We will first look at how Spark token came about and why the creators have decided to give it out to XRP holders. Then we’ll then talk about what sparkled the ” Coinbase Spark Token” controversy while also list other exchanges supporting the distribution of the Spark Tokens to their XRP users.
Worth Over $1 Billion: Tokenized Bitcoins on Ethereum Approaching 100,000
Bitcoins are being tokenized at a rapid rate for use on the Ethereum blockchain. Just ten days back, BTC supply’s on the world’s largest smart contract development platform was 73,000. Now that number is nearing 100,000. Consequentially, the valuation of Bitcoin’s supply on Ethereum has topped $1 billion.
Bitcoin Supply On Ethereum Approaching 100,000
As per data from Dune Analytics, a free Ethereum analytics provider, the tokenized bitcoin number on the second-largest blockchain network is quickly approaching 100,000. This corresponds to ~0.5 percent of the total BTC supply. As a result, bitcoin on Ethereum supply valuation has topped $1 billion.
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