Facebook’s Crypto Wallet Is Ready for the Market
Facebook has been working on crypto for years. Now, it’s getting ready to release its stable coin wallet, Novi. Facebook Diem co-creator David Marcus announced today that Novi, Facebook’s crypto wallet, “is ready to come to market.” Novi (originally Calibra) finds itself limping into a very different cryptocurrency market than the one that existed two years ago.
Chainlink’s DeFi Price Oracles Now Live on Fantom Mainnet
A Chainlink(LINK) integration allows Fantom developers to gain access to a wide variety of new DeFi instruments. Price oracles are decentralized systems that help decentralized finance (DeFi) platforms to receive real-world data such as prices of various cryptocurrencies.
1inch Exchange Expands Support to Optimisms ETH Layer-2 Scaling Solution
1inch(1INCH) will join UniSwap(UNI) in becoming the second decentralized finance app to move to Optimism on Ethereum. The decision was confirmed by 1inch spokesperson Sergey Maslennikov on August 17th via Coindesk. The move comes in an effort to enhance the user experience by lowering gas fees and increasing transactions per second.
Ethereum Holds on Stable Support While Sell Signals Pop Up
Ethereum(ETH) seems bound for a correction after gaining nearly 1,560 points in market value. Ethereum sits on top of stable support following an 87% rally. However, a particular technical indicator recently presented a sell signal. A spike in downward pressure could see ETH drop toward $2,500.
Bitcoin And Crypto Adoption Soars 880% In 2021
- Analysis firm Chainalysis has disclosed its 2021 Global Crypto Adoption Index part of a more detailed report to be released in September, it claims Bitcoin(BTC) and cryptocurrencies are seen high levels of adoption. The Index follows a methodology that digs deeper, beyond metrics such as transaction volumes, to determine those territories embracing the digital crypto economy.
- The Securities And Exchange Commission has asked Depositories to Use Blockchain Technology
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