One week in review:
Sept. 14–20 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. 13,000 DeFi users have already claimed Uniswap's new UNI token | | | Uniswap stole the show this week when it announced it was launching UNI, its very own governance token. A total of 1 billion tokens will exist, and anyone who has ever used the platform can claim 400 of them. Thousands came forward to accept their reward, and at one point, the airdrop was worth a cool $3,356. Not bad considering each token was initially priced at $3. | | | Within a single day, UNI was listed on more than a dozen exchanges and had driven $1.8 billion in trading volume. Binance added to the excitement by announcing support for the token just 90 minutes after it went live. | | #2. Daily Ethereum transactions hit a new historical high amid DeFi boom | | | The Uniswap frenzy helped daily transactions on the Ethereum blockchain reach a new all-time high of 1.4 million — exceeding the previous record of 1.35 million transactions in January 2018. | | | After the UNI token launched, transaction fees spiked to almost $1 million an hour. All of this means that the significant levels of congestion on the Ethereum network show no signs of abating, prompting renewed concerns about scalability. | | #3. EU to see comprehensive crypto regulation by 2024 | | | The European Union has officially got on-board with blockchain, announcing that it wants to make cross-border payments quicker and cheaper through the use of crypto assets like stablecoins by 2024. The trading bloc is going to introduce fresh regulations that will promote this technology for international money transfers. | | | According to the European Commission, 80% of consumers in the EU use paper money at present, but it wants to see digital payments become more common, with immediate transaction times. | | #4. Prediction of the Week Bitcoin Birch says no retail crypto-wide bull run likely for the rest of 2020 | | | In the aftermath of May's halving, there was optimism that Bitcoin could be about to embark on a bull run — not to mention endless predictions that the cryptocurrency would return to all-time highs. But Joel Birch, the co-founder of the automated investing platform Stacked, now believes this isn't likely. | | | Speaking to Cointelegraph, he said: "I don't necessarily think that 2020 is going to be the year of some type of major retail bull run, largely due to the fact that the global economy still lingers over this industry, just like other financial markets." | | | Despite that, he does believe that Bitcoin has an opportunity to continue heading upward between now and December. | | #5. FUD of the Week Police summon Bithumb chairman for questioning over alleged fraud | | | The drama over alleged fraud involving Bithumb's senior executives continued this week, with the company's chairman summoned for interrogation. | | | It is believed that investors lost up to $25 million as a result, with Lee allegedly embezzling these funds in overseas property purchases and offshore investments. | | #6. FUD of the Week Fresh reports of Indian crypto ban are 'clickbait,' says local source | | | Headline-grabbing pieces have warned that India's parliament is preparing once again to try and ban crypto trading for good, but according to local experts, there might not be anything to worry about. | | | Siddharth Sogani, the founder of the Indian blockchain research company Crebaco, has described the reports as nothing short of "clickbait" — and he questioned the sources that Bloomberg had spoken to for a recent article. | | Feel free to explore the most important news with Hodler's Digest:
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