Ethereum hashrate historical maximum update

The Ethereum network has updated its maximum overall performance. Thus, the mark of 250 TH / S was exceeded. This information is provided by Glassnode.

The site presents a graph showing that the closest indicators to today"s levels were last observed in 2018. In August of that year, the value of the cryptocurrency was over $ 400.

The hashrate is growing along with the steady increase in on-chain activity. So, since the beginning of this 2020, the volume of the value of the crypto-coin transferred in the blockchain has increased 10 times. For comparison: Bitcoin"s volume increased by only 44% over the same period of time.

The increase in on-chain activity is associated with high demand for the use of applications based on the cryptocurrency network. Today, about $ 10.4 billion is frozen in the DeFi segment. And in September 2020 alone, the total cost of blocked capital was 15%.

There is also an increase in activity in the segment of exchanges. From 5.10. to 6.10. number of trading volume increased by 8%. On average, this indicator grew by 15% over the month.

Considering that DEX"s daily turnover reached $ 466 million, it can be concluded that decentralized exchanges are ways to seriously compete with centralized platforms.

Important news
CoinTracker Announces Cryptocurrency Tax Payment Program in India
The creation of a company to control compliance with the requirements and taxation standards was carried out in India due to the adoption in the state of a number of regulations that were aimed at profitability from the use of digital assets. Market participants use CoinTracker to create and approve work with coins and NFTs on different platforms and wallets.
comments: 0
G7 countries demand to adjust digital assets to banking standards
The G7 countries want to significantly increase control over cryptocurrency assets in the international arena and approve more regulatory requirements. This should eliminate financial stability risks. At the same time, the representatives recalled that they are still dealing with problems in the Terra system, and also that it is necessary to quickly create regulation for issuers.
comments: 0
Robinhood plans to compete with MetaMask
Robinhood has announced plans to introduce a standalone DeFi hot wallet. With its help, participants can implement transactions with digital currencies, as well as with non-fungible tokens. This version will be a standalone tool linked to the Robinhood marketplace and will have features similar to other hot wallets. Take MetaMask as an example.
comments: 0
Cryptocurrency turnover in Turkey is banned
Turkey has officially begun to suppress any attempts to turnover cryptocurrencies in the country. Representatives of the Central Bank of the state explained that such restrictions will be in effect until it becomes possible to control this industry, keep records of all funds.
comments: 0