Blockchain Bites: Patoshis Patterns, Canaans Losses, DeFis Weird Moment

Wednesday 02 September 2020, 2:39 AM AEST - 1 month ago

Credit: AP Photo/Damian DovarganesIs Dorian Nakamoto really Satoshi? Decidedly not. But researchers are working to understand the mining patterns of some of Bitcoin's earliest contributors. (Damian Dovarganes/AP Photo)

Decentralized exchange volume recorded a third straight monthly high, Coinbases boardroom was mixed up ahead of a potential public listing and Tezos settled a class action asserting its $232 million ICO was an unregistered securities sale.

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DEX wrecks?
August trading volume on decentralized exchanges set its third consecutive monthly record high after climbing 160% from July, according to Dune Analytics. Aggregate trading volume on decentralized exchanges reached $11.6 billion in August, up from $4.5 billion in July as the intense enthusiasm for decentralized finance (DeFi) applications continued to spread. Leading decentralized exchange platform Uniswap reported a 283% volume increase in August, reaching $6.7 billion after topping its July record less than two weeks into the month, as CoinDesk previously reported. Along with aggressive volume growth, Uniswap reported an almost 100% increase in the total trading pairs listed on the platform, totaling 6,867 as of Monday.

Unlicensed action?
The U.S. Office of the Comptroller of the Currency (OCC) is forging ahead with a plan to offer national banking charters to payment firms that dont take deposits, easing the way for businesses like Stripe and Coinbase to become licensed. Acting Comptroller of Currency Brian Brooks, a Coinbase alum, is spearheading the move that would empower payment firms to operate across state lines with a single set of consolidated rules, CoinDesks Sebastian Sinclair reports. The move is drawing heavy criticism from entrenched interests: A few months into his service in an acting capacity, a bank regulator (and former cryptocurr ...

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