Crypto News Recap: All Eyes on Dubai at this Year's 5th Edition of Global Blockchain Congress

Published September 21st, 2020 - 06:15 GMT
Crypto News Recap: All Eyes on Dubai at this Year's 5th Edition of Global Blockchain Congress
Bitcoin recovered to the highest point in two weeks but couldn't keep the momentum. (Shutterstock)
Here are the markets highlights for the week

Bitcoin is still at bull run attempt as the prices hovered around $11,000. Trading Now at $10,957.74, the main coin recovered and hit the highest point in two weeks but couldn't keep the momentum.

Here's everything you need to know about what happened in the crypto world last week:


Crypto Exchange Huobi Global Launches H-token Series on Ethereum blockchain

Crypto Exchange Huobi Global announced the launch of the H-token series on Ethereum blockchain to bring more crypto assets to the Ethereum DeFi ecosystem, to allow more users to benefit from DeFi, accelerate the development of the Ethereum DeFi ecosystem.

Huobi Global will offer three H-tokens, including DOT, LTC, and BCH. The combined market cap of these assets is estimated at $1.1 billion.

According to the announcement, Huobi to make assets freer and allow hundreds of millions of people around the world to truly benefit from the development of DeFi. Huobi CIO and head of Huobi DeFi Labs Sharlyn Wu commented:  "Huobi, as a bridge between the centralized and decentralized world, aims to liberate the wealth of the world. We hope to grow together with the Ethereum community, empower community projects, and actively embrace an open ecosystem,”.

Agora to Hold 5th Edition of Global Blockchain Congress on September 29th in Dubai

This month, all blockchain enthusiasts will turn their eyes to Dubai as Agora Group is hosting the 5th edition of the famous Global Blockchain Congress in UAE following the success of the previous 4 editions.

According to their website, the event target attacking institutional investors, hedge funds, high net worth individuals, venture capitalists, private equity firms, family offices, and asset managers together.

No citizen is left behind with this New Indian StateBlockchain Infrastructure plan

According to The New Indian Express, the state of Tamil Nadu announced the first ethical AI, blockchain, cybersecurity policies in the country.

The project aims at “providing Knowledge Proof Identity-based services delivery and that will revolutionize the way the government provides its services to citizens”.

Ethereum Classic Team up with ChainSafe and OpenRelay to Encounter 51% Attacks

Finally, Ethereum Classic Labs has partnered with ChainSafe and OpenRelay to improve its defenses and secure its chain against double-spending attacks.

ETC Core’s security features working group has been led by Isaac, ETC Core’s Protocol Lead and Client Developer, and supported with close cooperation from @open_relay and @ChainSafeth. See details below and stay tuned for more updates.

— ETC Core (@etc_core) September 15, 2020

During August, Ethereum Classic underwent 51% attacks three times. These unfortunate incidents made the crypto exchange OKEx threaten the Ethereum Classic team with ETC delist if they don’t enhance their security. 

The team is currently are developing and testing immediate technical responses that will make the network less vulnerable to such attacks, says the announcement.

Philippine Central Bank Interested in Digital Tokens

The Philippine Central Bank mulls embracing digital tokens as ‘it could improve the delivery of financial services’.

In an interview with Bloomberg, Central Bank Governor Benjamin Diokno said that his country is considering the launch of its own central bank digital currency (CBDC).

Crypto Market Cap:


Events to Keep An Eye On:

World Blockchain Hackathon  (Virtual) till September 30

Global Blockchain Congress (Dubai, UAE) September 29

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