Axie Infinity's 300 Ether sale to HitBTC after Bitcoin Cash chain split, Read today's 5 Crypto News
Updated: Nov 9, 2020
1) Record-breaking 300 Ether sale is a good sign for Axie Infinity.
Axie Infinity, a Pokemon-inspired nonfungible token (NFT) game has become top 1 on the Ethereum blockchain. The game has over 7,000 on-chain active users per month. This week, the game made a record-breaking 300 Ether (approximately $130,000) sale. Jeff Jiho Zirlin, Axie Infinity Growth Lead said
It's clear that the world is waking up to the massive potential of Axie Infinity and this special community we've cultivated. AXS, the Axie governance token, will be the cornerstone of our mission to empower millions of gamers
2) New features of Circle Business Account seem to be competing with DeFi ecosystem.
Circle, a peer-to-peer payments technology company had announced three new APIs for businesses in March 2020. On 5 November 2020 company announced new high-yield accounts to motivate account owners to keep their funds parked in CeFi. On Twitter Circle shared information about the waitlist of new accounts. Raoul Milhado, CEO of Elitium commented -
Centralized and decentralized apps can be combined to create new types of economies and to encourage more people to use DeFi [...] By combining DeFi and CeFi, we can make the transition from a centralized world to a decentralized world more smoothly and, ultimately, win the age-old battle between DeFi and CeFi.
3) Associated Press data was used to settle YieldWars's prediction market.
YieldWars, the gamified yield farming and competitive prediction market platform came up with Election betting in which if Biden wins then those who bet, split the Trump betting pool equally per how much they bet, and vice versa. The winner of the election was determined by the AP results oracle being supplied by Everipedia and the Associated Press. The market attracted over $250,000 in bets in just two days.
4) Bitcoin ABC provides businesses option between BCHA and BCHN after the Bitcoin Cash chain split.
After the Bitcoin Cash chain split take will take place on 15 November 2020, Bitcoin ABC software announced on its official site that it will allow businesses to follow any of two -
1. BCHA, a chain that will fund network development predictably from the block reward, should run Bitcoin ABC 0.22.6 (BCHA network), or any previous 0.22.x version.
2. BCHN, a chain that will fund network development from donations, should run the BCHN edition of Bitcoin ABC software: Bitcoin ABC 0.22.6 (BCHN network).
The software will be available for businesses to download shortly after this announcement has been published as mentioned on the official site.
5) Exchanges like Kraken and HitBTC revealed their plan after the Bitcoin Cash chain split.
HitBTC, a cryptocurrency exchange announced it will support both blockchains if there is a split on the 15th of November. HitBTC reported on their blog -
The new token will be issued to all users by a 1:1 ratio based on a full snapshot of BCH balances on Hitbtc at 12:00 PM (UTC) on November 15th.A decision on which chain will carry BCH ticker on Hitbtc will be taken after the completion of the fork.
Kraken, a US-based cryptocurrency exchange reported on their blog -
We will support [the] Bitcoin Cash Node regardless of the outcome of the fork Bitcoin Cash Node tokens will be called ‘Bitcoin Cash’ on our platform and represented by the ticker symbol ‘BCH.
We will support Bitcoin Cash ABC only if the hashpower on the ABC network is at least 10% of the hashpower on the Bitcoin Cash Node network, If we support Bitcoin Cash ABC, it will be called ‘Bitcoin Cash ABC’ on our platform and represented by the ticker symbol ‘BAB.’
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