Blockchain inshorts #3
In short, we bring you what is the most interesting and important news in the blockchain world
Bitcoin
Paypal plans to use crypto as a “funding source” for transactions, meaning you can pay 28 million merchants via crypto, however, the transaction will be settled in fiat currency via CNBC
Dissecting Bitcoin bull market in nine charts by Nic Carter
You can follow Nic speaking about it on a podcast with Laura Shin
Bitcoin Treasury - Which institution hold Bitcoin as a treasury reserve or for investment by Kevin Rooke
Bitcoin on-chain data showing the behavior of various holders sizes
Bitcoin and the smart money - How Bitcoin has crossed the chasm
First, it was the techies, then it was the tech-savvy. Now it’s the financiers.
Ethereum and DeFi
Ethereum 2.0 Phase 0 Genesis is live - Mr. F was here
Bull case for Ethereum challengers
Ethereum competitors have a shot at winning the crown for open financeGnosis launches GnosisDAO. It uses Futarchy (prediction markets) to guide proposals, and changes to the ecosystem
Yearn finance team on Mergers and Acquisition in DeFi by Andre Cronje
To improve capital efficiency in DeFi, yearn team colloborated with Sushiswap, Pickle, Akropolis, Cover and Cream
Yearn finance (YFI) investment thesis
Genesis Cryptokitty, one of the most exclusive kitties, turns three.
Cryptokitties was the first non-financial dapp on Ethereum that went viral
DAI, a USD-stablecoin, price increase of 3% led to massive $100 mn liquidation on Compound Finance
The price rise affected 3rd largest yield farmer of COMP, their native governance tokenOthers
Libra, facebook’s digital currency set to launch early next year ($$)
After facing some criticism from central banks, Libra will be launched in a limited format than intended at its launch announcementA Twitter thread on unrealized and realized gains from 3rd largest trader by PnL on FTX exchange
On-chain activity breakdown of popular Ethereum wallet - a16z, Celsius, and Nexo
Disclosure: The author of this post, and people involved may hold the tokens mentioned in the post.