Hello, friends! Today we will share the main crypto industry news from last week. Over the weekend, Bitcoin reached a new annual maximum at almost $9400. In this digest, we will tell you all about the preparation for the launch of Ethereum 2.0, activity in the Bitcoin network and fake transactions in EOS.
Ethereum 2.0 launch date announced
The launch of Ethereum 2.0 is set for January 3, 2002. On this day in 2009, the first Bitcoin genesis block was released. According to Vitalik Buterin, the transition to the operational phase will only occur after a detailed review of all potential vulnerabilities in the test network. At present, 3 test networks are already functioning. This month, developers are hoping to move on to the next phase of testing – creation of a single network with functionality for several clients.
Before the launch, a deposit contract will need to be created, allowing validators to transfer their funds. It will likely be presented at the DevCon conference which will take place on October 8-10 in Japan. This will help avoid spreading fraudulent deposit addresses.
Activity in Bitcoin network is actively growing
Meanwhile, the number of active Bitcoin addresses has reached a million for the first time since November 27, 2017. When Bitcoin first crossed this mark, the price was $9352, with average network commission at $3.23. The median commission is currently at $1.33.
New date of Bakkt Bitcoin futures testing announced
According to Bakkt COO Adam White, the platform will start testing Bitcoin futures on July 22. He believes that the product launch will attract new investors into the industry, creating a new standard in the digital currency market:
«Bakkt offers financial institutions a range of advantages that they hope to find in public markets», — said White.
In mid-May it became apparent that platform testing will start in the summer of 2019, with the company allocating $35 million to compensate for the money that will pass through the clearing house.
75% of EOS transactions on DApps were made by bots
According to analytics company AnChain.AI, the majority of transactions in decentralized apps (DApps) within the EOS ecosystem were made by bots. A company report states that in 2019, almost 75% of all transactions to a total of $6 million were made by bots. They are also the owners of more than half the accounts in the network. Because transaction volume is the key indicator of industry integrity, fake activity is a serious warning sign for projects. AnChain CEO Victor Fang has emphasized that although the use of bots increases the DApps rating, it also distorts real indicators of activity within the network.
Binance prepares to launch tokens on own blockchain
They will be linked to cryptocurrencies. The first will be BTCB – a BEP2 standard token enabled by Bitcoin. In the future, the trading pair BTCB/BTC will be launched on the main exchange.
Binance claims that these tokens will be used to transport tokens that are not yet present in Binance Chain into their ecosystem. The launch of these assets will boost liquidity and trading volumes on the decentralized exchange Binance DEX. You can follow updates for new tokens via this link