Weekly Recap

Jan 4th, 2021 - Jan 11th, 2021

Welcome to our 2nd weekly recap for January.

Overview 

Crypto News

 

• [1] Banks Can Treat Public Blockchains Like SWIFT and ACH

• [2] Cyprian Hospital Commences COVID-19 Vaccination with VeChain (VET) Solution

Mediterranean Hospital of Cyprus has successfully vaccinated some of its staff against the COVID-19 virus, including 100 doctors and personnel. The process was carried out via the VeChain-powered E-HCert COVID-19 solution, according to a blog post on January 5, 2020.

• [3] XRP About to Leave Top 5 First Time Since 2014 as Cardano (ADA) Soars 40 Percent

XRP is on the cusp of being pushed out of CoinMarketCap’s top 5 after Cardano (ADA) soared over 40 percent in a single day.

• [4] Grayscale Gains $1.9 Billion in Crypto in One Day, While Bitcoin Market Cap Hits Record $700 Billion
  

The world’s largest crypto management fund, Grayscale, has increased its crypto holdings by almost $2 billion in merely one day (as of Jan. 6).

• [5] Cryptocurrency Exchanges Strained as Bitcoin Buying Hits Critical Mass

Coinbase, Binance, Kraken, and Gemini—four of the world’s most prominent cryptocurrency exchanges—experienced technical issues on Thursday after the price of Bitcoin shot past $40,000.

• [6] Litecoin Will Get Smart Contracts via Flare Networks

Litecoin will receive smart contract capabilities through Flare Networks, according to a tweet from the latter project.

• [US] Twitter Permanently Suspends Donald Trump’s Account

Citing “the risk of further incitement of violence,” Twitter has permanently suspended President Donald Trump’s account, @realDonaldTrump.

• [7] Polkadot becomes first blockchain platform to rebrand through a bounty program

Blockchain platform Polkadot announced that it has hired leading design agency Koto to give the blockchain platform a complete design revamp. However, all key decisions regarding the rebranding process will be driven and approved by the Polkadot community and its representatives on-chain.

• [8] Cardano becomes the biggest staking network, 69% of its circulating supply staked

Cardano has been an extremely important project in the cryptocurrency ecosystem in the past few years and IOHK has been in the process to expand Cardano’s ecosystem and make it more self-sufficient. As the developments evolve behind the scenes, Cardano has emerged to be the biggest staking network in the world.

• [9] EOS Plummets After Block.one CTO Dan Larimer Resigns

Prolific blockchain developer and crypto community member, Dan Larimer, the CTO of Block.one, has announced his resignation today.