Blockchain Industry Update (Polkadot, Twitter, SushiSwap, Ripple)

Our weekly blockchain news update. Comments marked as “TF” by our CEO, Taras Filatov.

::Blockchain::

Ripple unveils plans to expand its presence in Europe with new hire amid SEC lawsuit. Ripple is looking for a new Managing Director for its European market. // TF: Ripple is bullish and continues “business as normal” attitude despite SEC issues. I know that some Ripple investors are nervous. We’ll look out for further updates.

Polkadot gains 75% in one week but can DOT price reach $20 next? The price of DOT is getting close to $20 but a pullback should not be ruled out after such a strong rally.

Twitter CEO expresses his desire to see social media platforms decentralized. // TF: There are numerous decentralized or DLT based social networking and community applications, however most of them suffer from inferior UX or small community problems. Dappros Platform-based “Connect” applications provide a balanced solution in this field. Stay tuned for our updates!

::Bitcoin::

Bitcoin ETP trading at levels seen by top European ETFs. Only one major ETF was trading at volumes slightly higher than the BTCetc ETP in the first 11 days of January.

Miami Mayor plans to invest in Bitcoin. Francis Suarez said that the city is also planning to allow citizens to pay taxes in Bitcoin.

Complete internet shutdown wipes out Uganda Bitcoin Trading. In the US, social media can shut down the president. In Uganda, the president can shut down the entire internet.

YouTuber Ali Spagnola accidentally turned $50 BTC into $39k. Spagnola forgot about a $50 donation made in bitcoin in 2013 after being asked to create a BTC-themed painting.

Switzerland’s principal stock exchange has revealed that its crypto trading volume hit a record high of CHF 1.1 billion in 2020.

Institutions are back, Grayscale Bitcoin Trust purchases nearly 10,000 Bitcoins in three days.

Stephen Harper, Former Canadian Prime Minister and economist mentioned Bitcoin reserves with central banks alongside gold in an online conference recently.

::Ethereum::

Ethereum could set a new all-time high if the $1,350 resistance is broken. CME Ethereum futures being launched on the 8th of February. On a fundamental level, crypto exchanges seem to be running out of Ethereum.

Fund Raising / Investments / 

Grayscale’s Michael Sonnenshein says institutional investors looking for broad exposure as the company raises $700 Million in one day.

 

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Taras Filatov CEO

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Taras Filatov, PhD Computer Science,
  Dappros Founder & CEO