Quick weekly news:
- CAPITAL STORAGE: Huobi launches Filecoin incubator backed by a $10 million fund.
- CRYPTO IPO: Australia-based West Coast Aquaculture (WCA) has completed an A$5 million (US$3.65 million) initial public offering, becoming the first firm in the nation to use cryptocurrency for its capital raise.
- YOU GOTTA BE GERKIN ME?! Popular decentralized finance protocol Pickle Finance was hacked on Saturday, draining $19.7 million in DAI, a decentralized stable coin pegged to the U.S. dollar, from Pickle’s latest arbitraging smart contract.
Other notable events include:
- OKEx will offer a mix of compensation and rewards to users who’ve suffered because of a five-weeks-long suspension in services.
- PayPal’s CEO Dan Schulman is bullish on bitcoin as an actual currency.
Everything OK?
OKEx will offer a mix of compensation and rewards to users who’ve suffered because of a five-weeks-long suspension in services. Users who have made deposits, held tokens or traded during the withdrawal suspension time period will receive 20% of OKEx’s total income from futures and perpetual swap transaction fees over the last seven weeks. The exchange will also provide rebate cards to users with assets worth more than 10,000 tether within a certain window. Expected to come online before Nov. 27, OKEx remains in the top position for bitcoin futures open interest, currently worth $1.27 billion, according to data source Skew.
Crypto… currency?
In case you missed it, PayPal’s CEO Dan Schulman is bullish on bitcoin as an actual currency. Luckily for him, PayPal will soon allow its network of merchants to accept bitcoin payments. Appearing on CNBC’s Squawk Box on Monday, Schulman said bitcoin’s usefulness as a currency will co-exist with its buy-and-hold status. The CEO also said a central bank digital currency is a global inevitability, though that could bolster bitcoin’s utility. “I think that there’ll be more and more use cases for cryptocurrencies” that make bitcoin more widely accepted, more stable and probably “more valuable” over time.
Also, be sure to check out top altcoin gainers and losers of the week -
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