Crypto Daily Digest with Ares_Diego Edition #2
11th February, 2021
🗞Statistics: 88% of Bitcoin transfers are overpaid for transaction fees
According to the analysis of Mark "Murch" Erhardt of Chaincode Labs, 88% of Bitcoin transfers are paid more than necessary. The data shows that only 12% of transactions use the SegWit format, which is less expensive than traditional input formats. One of the most popular and proven Bitcoin wallets that support SegWit is Electrum, which also supports multi-signature transactions and private key import/export. More and more major exchanges adopt SegWit, including Bitstamp, BitMEX, and Binance. This means that transactions sent from the SegWit address to the exchange can also become cheaper.
🗞The scale of Aragon-based DAO assets under management has exceeded US$900 million
DAO solution provider Aragon said on Twitter that in the four years since its establishment on February 10, 2017, the scale of Aragon-based DAO assets under management has exceeded US$900 million. Aragon is a decentralized application based on Ethereum that allows anyone to create and manage a decentralized autonomous organization (DAO).
🗞The Twitter account of the Belgian minister was hacked and the account was renamed "Ethereum Foundation"
On the evening of February 10, hackers hacked into the Twitter account of the Belgian minister and renamed his account "Ethereum Foundation", which caused a sensation in the encryption field. The unidentified hacker also commented on other prominent members of the cryptocurrency field, such as Cameron Winklevoss and venture capitalist Chamath Palihapitiya. Its purpose is to attract other Twitter users to visit fraudulent websites.
🗞Amazon prepares to launch a digital currency project in Mexico
According to coindesk Amazon may launch a digital currency project in Mexico. Amazon is hiring software development engineers for the Digital and Emerging Payments (DEP) department to develop a new payment product that will enable customers to convert cash into digital currency. The department intends to launch the product in Mexico first.
🗞General Motors CEO: We don’t have any plans to invest in Bitcoin
General Motors CEO, Mary Barra said on the fourth quarter 2020 earnings call today that the company will monitor and evaluate the needs of customers who want to use Bitcoin to pay, but has no plans yet. Make large-scale crypto investments like Tesla. She said: "If there is strong customer demand in the future, nothing can stop us from doing this. But we don't have any plans to invest in Bitcoin."
🗞Mastercard plans to provide merchants with cryptocurrency settlement services later this year
MasterCard plans to provide merchants with cryptocurrency settlement services later this year. This feature will enable platform merchants to settle their customers' digital currency payments in cryptocurrency. Details were not disclosed. Previously, its CEO Michael Miebach had promised to directly integrate digital currency payments on the MasterCard network. According to previous reports, MasterCard supports limited cryptocurrency transactions through its partners Wirex and Uphold, but these procedures only include payment, not settlement, which means that it has been converted to legal tender before reaching the merchant account.
🗞Polkamarkets, a prediction market driven by DeFi and Polkadot, completes $625,000 strategic financing
Polkamarkets, a prediction market driven by DeFi and Polkadot, announced that it has completed a strategic financing of US$625,000, supported by industry VCs such as Moonrock Capital, Morningstar Ventures, NGC Ventures, Astronaut Capital, and Spark Digital Capital. Polkamarkets is used for cross-chain information exchange and transactions, and users can predict the results of real events on a Polkadot-based decentralized and interoperable platform. The platform will also have important entertainment features, including game-based NFT, real-time live broadcast of e-sports and sports, and virtual chat.
🗞Deputy Governor of the Bank of Canada: The continued epidemic of the new crown virus may accelerate the decision to issue digital currencies
According to Reuters, Bank of Canada Deputy Governor Tim Lane said at today's meeting that the continued epidemic of the new coronavirus may accelerate the agency's decision on whether to issue digital currencies. Lane added that although stablecoins backed by secure assets have more potential, there are still serious data privacy issues. He said: "If the business model is used as the basis for the main payment method in the economy, the issuer will gain a lot of control over the data, which will bring it overwhelming market power."
🗞In the past 30 days, the average daily transaction value of ETH and WETH has exceeded 13 billion US dollars, while BTC is only 9 billion US dollars
Data provided by Money Movers and CoinMetrics show that in the past 30 days, the average daily transaction value of ETH and WETH has exceeded 13 billion U.S. dollars, while Bitcoin is only 9 billion U.S. dollars, and ETH and WETH are more than 40% higher than Bitcoin.
🗞Russia imports 20,000 Bitcoin mining equipment with a total capacity of approximately 70 MW
Data center operator BitRiver CEO Igor Runets revealed to local media Kommersant that Russia has recently imported and deployed 20,000 Bitcoin mining equipment, valued at approximately US$40 to 60 million, with a total capacity of approximately 70 trillion. Watt is by far the largest purchase of mining machines in the country. Runets declined to disclose other information about equipment manufacturers or technical specifications, but all mining machines are from Asia. Runets also speculated that because Russia's current mining industry is in a gray area, the buyer may have obtained high-level acquiescence.
🗞MicroStrategy CEO: Bitcoin is a masterpiece of currency engineering and may become the world's first engineering currency network
MicroStrategy CEO Michael Saylor said in an interview with Cointelegraph that Bitcoin is a masterpiece of monetary engineering and may become the world's first engineered monetary network. Saylor said that Bitcoin has become an asset worth more than $850 billion, but this is just the beginning of its market impact. Bitcoin will eventually surpass gold to become an asset worth 10 trillion dollars, and then reach 20, 30, 50, or even 100 trillion dollars. At that time, Bitcoin will become the "core of the currency planet."
🗞Twitter CFO: Is considering whether to add Bitcoin to the balance sheet
Twitter’s chief financial officer Ned Segal said in an interview with CNBC that he is considering whether to add Bitcoin to the balance sheet. He said: "We have done a lot of preliminary thinking, considering how we will pay if employees ask to be paid in bitcoin; if the supplier requires payment in bitcoin, how we should pay; and whether we need to add bitcoin to assets In the balance sheet". Bittei previously reported that in October last year, Square announced that it had purchased $50 million worth of Bitcoin.
🗞CNBC: European payment industry giant Adyen expressed no interest in Bitcoin
According to CNBC, Adyen CEO Pieter van der Does stated that the severe volatility of Bitcoin and other cryptocurrencies makes them unable to perform the function of trading tools, and no merchants require them to add encrypted payment functions on the platform, so His company is not interested in adding cryptocurrency as a payment method. Adyen was founded in 2006. Its platform allows merchants to accept online or point-of-sale payments. Due to the massive increase in online transaction payments during the epidemic, Adyen’s stock price hit a record high on Wednesday, doubling the previous year. Adyen did allow its customers to accept Bitcoin as a payment option before, but it is no longer supported.