Every Monday we discuss the key news of the crypto market of the past week, and today is no exception. We have collected the most interesting crypto events for you. But if you believe that some important information was not included in our review, feel free to tell about these news in the comments! And don’t hesitate to share your opinion. So what was the big deal last week?
MetaMask will allow users to exchange tokens directly in the wallet
The MetaMask Ethereum wallet team announced the launch of a new interface that will unite several services for exchanging cryptocurrencies directly in the wallet. The new functionality will soon become available in the plugin for the Firefox browser, and a little later it will appear in other browsers and in the mobile version of the wallet.
In the third quarter, the volume of bitcoin transactions increased by 25%
In the third quarter of 2020, the volume of bitcoin transactions increased by a quarter compared to the same period of last year. Experts note that this has happened regardless of an increase in the average price of BTC. The trading volumes on crypto exchanges also increased by 22%.
BTC price has risen above $ 11,200
On the night of Saturday, October 10, the price of the first cryptocurrency broke through the resistance level previously indicated by many analysts at $ 11,200. At the moment it came close to $ 11,500. At the time of this publication, bitcoin is trading around $ 11,200.
Is the decentralization of the Ethereum network in doubt?
Blockchain expert Anthony Pompliano is confident that the use of cloud services calls into question the decentralization of the Ethereum network, and threatens the operation of DeFi apps. He believes that the biggest problem in this context is the Amazon Web Services platform, which currently owns a large number of Ethereum nodes. Thus, the owner of the company Jeff Bezos can stop the service if he wishes. “Ethereum does not have a decentralized network if Uncle Jeff has servers,” Pompliano said.
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