In an unexpected yet pretty much expected move, FTX CEO looks to have Sushi and Sushiswap moved from Ethereum to Solana, thereby Jeopardizing Ethereum’s Monopoly over DEFI. Sushi has quickly risen to become one of the top DEFI projects with over $800m locked. It represents most of the $1.4b of liquidity that Uniswap has. If moved to Solana and combined with Serum, it could challege for DEFI supremacy.
Cryptocurrency News and Rumors
Cardano to Challenge IBM with new Development
Cardano has unveiled a new project called Gerolamo that will bridge two aspects of Cardano, Permissioned and Permissionless in an attempt to grab users. This will directly challenge IBM’s Hyperledger Fabric for business clients.
Sushi Coin’s Founder Sells out
Sushi, on the eve of moving from Uniswap to SushiSwap has changed owners. The original owner of the protocol, Chef Nomi, sold all his tokens worth over $10 million and gave the keys to a big investor. The move from Uniswap to Sushiswap(which is a cut and paste of Uniswap) has been delayed. It looks like the original founder has decided to exit scam.
Vienna Stock Exchange lists Bitcoin product
The Vienna Stock Exchange, a premiere stock exchange in Europe has listed a Bitcoin Exchange Traded product(ETP). Singapore has also listed the price indexes for both Bitcoin and Ethereum.
ICONLOOP to be implemented in large Korean bank
ICON’s ICONLOOP is going to be implemented into a large Korean Bank. Not as a side thing but natively as part of its banking app. This is huge news for ICON as there are over 10 million downloads to the app.
Binance.us expands into Florida
Binance.us has finally taken Florida off its list of forbidden states. They bought a 2-year money transmitter license for the state and are in the processes of obtaining permits in the other 12 states that they cannot operate in.
Plair Partners with JustBET
Vechain powered plair is partnering with TRON platform Justbet. Plair will introduce smart contracts to JustBET and hopefully kick up the VeChainTHOR burn rate.
$50 billion moves out of China via crypto
The Chinese currency system is a very limited and prohibitive one with individuals banned from buying more than $50,000 per year of foreign currency with Chinese RMB. Thus, it is not allowed to be traded freely on the open market. However, the movement of some $50b out of China(Capital flight) signals that some are using crypto to get around this rule.
Vechain Releases Green Sustainability Solution
Vechain, after testing by partners, has announced the release of its green sustainability solution. With partners like DNVGL, Deliotte, and more, this solution should get adopted by Enterprises.
Vechain partners with Travala
Vechain has partnered with Travala and now the VET token can be used to pay for 2.2 million hotels in 80,000 locations worldwide. As great as this sounds, it is not a slam dunk as Travala also accepts 40 other coins on its network. So, its a minor partnership that will hopefully see some use.