DeFi Daily News,October 28th, 2020

1. Bitcoin made gains Tuesday toward its 2020 high while ether’s volatility rose after an October in decline. Bitcoin (BTC) trading around $13,668 as of 20:00 UTC (4 p.m. ET). Gaining 5% over the previous 24 hours, which trading range was between $13,008 and $13,756.

2. According to the ChainNews, the DeFi section of the Tokenview block explorer has been launched, which contains real-time data such as the total locked amount of DeFi projects, the ranking of the locked amount of projects, the market value, and the number of active addresses of the project. Tokenview supports ranking of DeFi projects from multiple perspectives such as lock-up amount, number of active addresses, market value, etc. It now supports nearly 150 public chains and more than 100,000 smart contracts, and provides users with computing power distribution, mining, and rich Blockchain services such as list and address balance monitoring.

3. According to BlockBeats, Ethereum data provider Nansen raised $1.2 million in seed funding. This round of financing was led by Mechanical Capital and Skyfall Ventures. Other investors include venture capital companies such as Robot Ventures, Volt Capital and Fabric Ventures. Individual investors including Ethereum developer Eric Conner, Dragonfly Capital’s Kevin Hu, FTX’s Anthony Yoon and Deribit’s Sergei Chan also participated in this round of financing.

4. MicroStrategy’s investment in Bitcoin generated a profit of 100 million U.S. dollars, more than the cumulative net income of the business in the past three years. According to data released by independent cryptographic researcher Kevin Rooke on October 27, from the first quarter of 2017 to the second quarter of 2020, in the past three years, MicroStrategy’s gains from its Bitcoin (BTC) investment exceeded its actual business. According to Rooke’s data, the 38,250 BTC held by this business intelligence company (valued at approximately US$425 million at the time of purchase in August and September) was valued at more than 525 million US dollars during the recent price surge to US$13,745 Dollars. In the past three and a half years, Microstrategy has received only $78 million in net income from its business operations.


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