1. Bitcoin is knocking at the gates of $17,000 while Ethereum’s transaction growth in 2020 is a positive indicator of future financial use cases. Bitcoin (BTC) trading around $16,829 as of 21:00 UTC (4 p.m. ET). Gaining 6.1% over the previous 24 hours, which trading range was between $15,792-$16,851.
2. According to the ChainNews, Nuo Network, a non-custodial lending platform, announced that it has stopped its services and reminded users to withdraw funds before December 31, 2020, when the Nuo.Network website will be closed. Nuo Network stated, “The platform has not added new lending orders since August 1, and the current loan interest rate is 0%. Most users have previously withdrawn their reserves and tokens. The tokens in the Nuo smart contract are currently the value which is less than US$200,000.” Chain Wen noted that Nuo Network is a non-custodial loan agreement supported by ConsenSys Ventures. Nuo Network provides over-collateralized loan services, leveraged trading and instant trading of ERC-20 tokens through the lending market. In April 2019, the crypto asset reserve of the Nuo Network platform exceeded US$2 million. At that time, the DeFi project, which was among the top five locked-in US dollar values, was also the largest lending agreement in Asia.
3. According to Whale Alert monitoring, at 1:08 on November 17th, Tether issued an additional 150 million USDT on the Ethereum network. In this regard, Tether Chief Technology Officer Paolo Ardoino stated that this is an authorized but unissued transaction. This means that the amount will be used as the inventory for the next issuance request.
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