Bitcoin Overtakes Ethereum, BNB Valuation, BitMEX Get your | Droppers of btc
Bitcoin Overtakes Ethereum, BNB Valuation, BitMEX
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoptions news
Bitcoin (BTC) has outperformed Ethereum (ETH) in terms of the daily transferred value, reaching USD 14.58bn per day, compared to Ethereum's USD 13.96 per day, according to the data provided by Money Movers. BTC re-took the lead in the second half of December 2020, after Ethereum had surpassed it in early September last year.
Altcoins news
After examining binance coin (BNB)'s burn yield's, Price/Earnings (P/E), Price / Sales, transactions per day, and regulatory risks, Messari said it has valued BNB at USD 43.5 per token. The 10th largest cryptoasset by market capitalization trades at around USD 44 today and is up by 6% in a day and 20% in a week.
Exchanges news
BitMEX said it has completed its User Verification Programme, adding in an announcement that it has been "successfully implemented, making BitMEX one of the largest crypto derivatives exchanges in the world with a fully verified active user base." With the remaining open positions from unverified accounts closed and the scheduled expiry of the December 2020 futures completed, 100% of volume on the BitMEX platform is now fully verified. Over USD 100bn equivalent volume has been traded following the December 4 verification deadline, said the exchange.
Tokenization news
Ukraine’s football club Dynamo Kyiv is set to release its own “team-branded,” blockchain-powered digital token. The club, which has won an unequaled 28 Ukrainian Premier League titles, as well as two UEFA Cup Winners’ Cup trophies, will work with a United States and UK-based blockchain provider named Moonwalk on its new crypto project. In a press release, Moonwalk wrote, “Fans will be able to earn tokens based on their participation with the team and spend the tokens in Dynamo Kyiv’s 70,000-seater stadium and digital marketplace.”
Mining news
The Iranian electricity provider, the Power Generation, Distribution and Transmission Company (Tavanir) said that it has, in conjunction with law enforcement authorities, closed down 1,620 illegal crypto mining farms that have burned through 250Mw of power since July 2019, the month when crypto mining was legalized in the country. Per the Financial Tribune, Tavanir claimed that it would be “strict in dealing with unauthorized miners,” claiming that offenders would be fined to the same degree as “the loss they impose on the national grid,” with mining rigs “disconnected from the national grid” and prosecutions sought.
