Daily use of Gas in the Ethereum network is at an all-time high, according to Etherscan on-chain data. The term "Gas" refers to the transaction fees on the Ethereum blockchain network. When the use of gas is high, the user activity on the chain increases. Approximately $ 300 million worth of ETH will also be deposited to the Eth2 deposit contract address, which can also reduce the selling pressure on ETH in the long run.
Margin Transactions Will Be Terminated On Coinbase After CFTC Regulations
The USA will not allow margin trading on the exchange, pursuant to the regulations introduced by the Coinbase Commodity Futures Trading Commission (CFTC), a cryptocurrency exchange established in San Francisco. The stock market started to cancel open orders until this time. It plans to completely remove the margin trading application from its services in December next month.
Bitcoin Statement by PayPal CEO
PayPal CEO Schulman said that cash will gradually begin to disappear in the program he attended and that digital currencies will replace it. Emphasizing that this can even be a cryptocurrency such as Bitcoin or Ethereum, Schulman stated that we will see a digital money project from central banks. He said that although people now see Bitcoin as an investment tool, they will actually be able to see it as a stable currency. He said that his companies will also increase the Bitcoin volume significantly.
The Interest of World Giants from Every Sector is Increasing in Bitcoin
Gazprombank (Switzerland), a branch of the bank owned by the Russian energy giant Gazprom, carried out the first customer transactions as part of its new bitcoin services. Gazprombank will present the new cryptocurrency solution in cooperation with platforms such as fintech firm Avaloq and cryptocurrency custodian Metaco.
Japanese Giant Starts Cryptocurrency Transactions
Japanese financial services player SBI will borrow Bitcoin starting today at a 1% annual interest rate, according to an announcement. SBI seems to borrow a minimum of 0.1 Bitcoin ($ 1,880 at current prices) to a maximum of 5 Bitcoins (more than $ 94,000) from users and pay them for allowing it. He started his first transactions with Bitcoin, Ethereum, and Ripple.
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