Mit dieser neuen Lizenz kann Binance qualifizierten privaten und institutionellen Anlegern eine Reihe von Dienstleistungen im Zusammenhang mit virtuellen Vermögenswerten anbieten.
Helium token holders approve migration to Solana protocol
Helium (HNT) token holders on Wednesday formally voted to migrate from Helium layer-1 blockchain to Solana protocol.
81.41% of the 6,177 voters voted in favour of the migration in a proposal that was called the Helium Improvement Proposal (HIP 70) which was aimed at making the network able to meet user demands. The HIP 70 proposal had been made on August 31 citing that the move would:
“Bring significant economies of scale through the vast range of compassable Solana developer tools, features, and applications.”
Helium switching to Solana protocol
The Helium Foundation said that the migration to Solana will allow the HNT token to become more compatible with decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 projects.
Helium Foundation COO Scott Sigel in a statement said:
“Solana has a proven track record powering some of the world’s most important decentralized initiatives and they were an obvious choice for us to partner with. Moving to the Solana blockchain allows us to focus our efforts on scaling the network as opposed to managing the blockchain itself.”
Helium still struggling with revenue
Weeks leading to the proposal, Helium had attracted some controversy with concerns about the network’s revenue potential.
However, prominent investors have defended Helium saying that it is still building its infrastructure and the revenue would come later.
Once the migration is completed all the tokens of the Helium ecosystem including HNT, IOT, and MOBILE will become available on Solana. A new version of the Helium Wallet App will also be unveiled.
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Why is Algorand price rising today?
While the general crypto market started today with a decline, Algorand (ALGO) has registered a 13.64% rise over the past 24 hours. At press time, Algorand (ALGO) was trading at $0.3630.
But why is Algorand price going against the general market trend that shows the majority of cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) in the red?
Here is a sneak peek into the behind-the-scenes or the factors propelling ALGO price higher today.
Why ALGO price is surging
Today’s price rise comes after Algorand announced yesterday that State Proofs are now available on the Algorand blockchain, which is one of the most important technical accomplishments for the blockchain.
The State proofs enable Algorand blockchain to digitally sign any message in a truly decentralized manner and according to the co-founder Silvio Micali, also fosters the blockchain’s safety against quantum attacks.
Following the introduction of the state proofs, Algorand claims that it can now process 6,000 transactions per second which is quite a high throughput considering that most of the popular financial services like Mastercard can only handle about 5000 transactions per second.
Algorand will now be able to reach finality and block formation in only a record 3.7 seconds.
Algorand’s price surge after the introduction of the state proofs is a stark contrast to Ethereum’s price slump after its Merge upgrade.
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Tribe DAO finally votes to reimburse Rari hack victims
After months of uncertainty, the Tribe DAO which has announced plans to close down has finally voted to repay its users who were affected in the $80 million hack of Rari Capital’s liquidity pools.
The vote to repay the affected users is one of the final governance decisions for the Tribe DAO, which consists of Rari Capital, Midas Capital, Volt Protocol, and Fei Protocol.
The vote comes after several rounds of voting and governance proposals before the decision to vote for reimbursement was reached on September 18. The voting then took place on September 20.
On-chain voting platform Tally data shows that 99% of those who participated in the voting process were in favour of the proposal to reimburse the victims.
Repaying the Rari hack victims
According to the reimbursement proposal, individual victims will be paid back in FEI, while decentralized autonomous organizations (DAOs) will be paid in DAI. The Victims will however have to sign a message releasing any liability.
Fei’s founder Joey Santoro said via a tweet that the repayments would be made 24 hours after the vote was passed.
1/ The Rari Fuse Hack Payment has passed on-chain to FULLY pay the victims in 24 hours.
This is a big moment in these final governance decisions of the Tribe DAO.
— Joey 💚’s ERC-4626 🦇🔊 (@joey__santoro) September 19, 2022
The total amount to be distributed among the Rari hack victims amounts to 12.68 million FEI tokens and 26.61 million DAI tokens. At press time, Fei USD (FEI) was trading at $0.9938 while DAI was trading at $1.00.
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EOS is down by more than 10% today after the Antelope upgrade. Will it dip lower?
EOS successfully completed its network upgrade a few hours ago, but the cryptocurrency has been underperforming ever since.
EOS, the native coin of the EOS network, has been underperforming over the last 24 hours. The coin has lost more than 3% of its value so far today and risks dropping below $1 if the bearish trend continues.
The poor performance comes despite the broader crypto market performing well so far today. In the last 24 hours, the broader crypto market has added less than 1% to its value, with the total crypto market cap now around $922 billion.
Bitcoin climbed above $19k earlier today after adding more than 1% to its value in the last few hours. Ether is looking to surge past the $1,300 resistance level but is down by more than 2% in the last 24 hours.
EOS’s poor performance comes despite the EOS Network Foundation announcing the successful completion of its Antelope Leap 3.1 upgrade on Wednesday, September 21st.
This latest development means that the EOS Network is no longer tied to Block.one and Bullish. The team said the switch to Antelope Leap 3.1 would see EOS block producers who operate the public network formally adopt code solely developed under the helm of the EOS Network Foundation (ENF).
Key levels to watch
The EOS/USD 4-hour chart is bearish as EOS has been underperforming over the past few days.
The MACD line is below the neutral zone, indicating that the EOS market is currently bearish. The 14-day relative strength index of 33 shows that EOS is close to entering the oversold region.
At press time, EOS is trading at $1.23 per coin. If the bearish trend continues, EOS could drop below the $1.1724 support level.
However, with the broader crypto market now performing well, EOS could embark on a recovery. If that happens, EOS could move past the $1.3348 resistance level before the end of the day.
Unless there is an extended bullish run, EOS should stay below the $1.4701 resistance level in the near term.
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