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//1008 Block segment of EP027 Coinscrum Crypto Market Podcast – Streamed live on 11/05/2020
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Teana Baker-Taylor from crypto.com
//Timestamps::
(0:00) Coinscrum Segment Intro
(0:07) Cynthia Loomis the Republican Rep from Wyoming and a long-time bitcoin fan having
first identified it as a potential future store of value in 2013 has been elected to represent the state
for a six-year term in the senate.
(0:23) According to data analytics firm Skew the bitcoin futures markets already buoyant from
the recent increase in volatility has also benefited from the uncertainty with open interest in CME contracts reaching a near all-time high of 5.4 Billion USD vs 5.7 Billion USD seen at the time of the happening back in May 2020.
(1:00) The DeFi markets have continued their reversal from their summer highs the perpetual DeFi future contract listed on Crypto Derivatives Exchange FTX which tracks a basket of the leading DeFi assets has now seen a 60 reversal from its peak with a similar contract on the Finance Exchange Falling by as much as 70.
(1:27) Brave Browser reached a major milestone this week when it hit 20 million monthly users designed with crypto support privacy-preserving features and its own reward token from the beginning. The Firm has seen a 230% increase in daily active users since last year and claims to have an advertising click-through-rate of 9% versus the industry avg of 2%.
(1:59) The sharp reversal in the bitcoin network’s hash rate that we reported last week which commentators have attributed to the end of the wet season in china has continued culminated in the second-largest ever bi-weekly drop falling just over 16 in a single adjustment to the chart following the benchmark that automatically adjusts based on the amount of hash rate miners are contributing to the secure network will offer a two-week boost to remaining miners improving profitability that have been stretched to its limits by the recent rally.
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▶ Coinbase Website: Coinbase.com
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