{"id":3050,"date":"2020-10-19T18:47:11","date_gmt":"2020-10-19T16:47:11","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=3050"},"modified":"2022-03-15T11:50:36","modified_gmt":"2022-03-15T10:50:36","slug":"crypto-highlights-week-42-almost-1m-eth-would-have-burnt-in-the-last-365-days-if-eip-1559-had-been-approved","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/3050","title":{"rendered":"Crypto Highlights Week #42 \u2013 Almost 1M ETH would have burnt in the last 365 days\u00a0 if (EIP) 1559 had been approved\u00a0"},"content":{"rendered":"<p><b>Crypto Highlights: <\/b><i>SaTT now offers staking rewards through Uniswap, Japan\u2019s companies take a huge leap in blockchain tech, Canada finally confirms its expectation for a CBDC and many more in this week\u2019s crypto highlights.&nbsp;<\/i><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#Top_Headlines_Of_The_Week\" title=\"Top Headlines Of The Week\">Top Headlines Of The Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#JCB_Mizuho_Bank_Pilot_a_Joint_Blockchain_Venture_on_Digital_Identity_Management\" title=\"JCB, Mizuho Bank&nbsp; Pilot a Joint Blockchain Venture on Digital Identity Management\">JCB, Mizuho Bank&nbsp; Pilot a Joint Blockchain Venture on Digital Identity Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#Bank_of_Canada_hits_the_last_nail_towards_a_Canadian_CBDC\" title=\"Bank of Canada hits the last nail towards a Canadian CBDC\">Bank of Canada hits the last nail towards a Canadian CBDC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#Almost_1M_ETH_would_have_burnt_in_the_last_365_days_if_EIP_1559_had_been_approved\" title=\"Almost 1M ETH would have burnt in the last 365 days&nbsp; if (EIP) 1559 had been approved&nbsp;\">Almost 1M ETH would have burnt in the last 365 days&nbsp; if (EIP) 1559 had been approved&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#Exclusive_From_SaTT\" title=\"Exclusive From SaTT\">Exclusive From SaTT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#SaTT_delivers_much_awaited_Staking_program_with_unbeatable_rewards_on_Uniswap\" title=\"SaTT delivers much awaited Staking program with unbeatable rewards on Uniswap&nbsp;\">SaTT delivers much awaited Staking program with unbeatable rewards on Uniswap&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#Mainstream_Adoption_Of_The_Week\" title=\"Mainstream Adoption Of The Week\">Mainstream Adoption Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#Zilliqa_embraces_DeFi_and_billions_of_ZIL_staked_in_a_matter_of_hours\" title=\"Zilliqa embraces DeFi and billions of ZIL staked in a matter of hours\">Zilliqa embraces DeFi and billions of ZIL staked in a matter of hours<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#Market_is_expected_to_rise_for_many_cryptocurrencies_however_watch_out_for_these_5_BTC_XLM_CRO_BNB_LTC\" title=\"Market is expected to rise for many cryptocurrencies, however watch out for these 5: BTC, XLM, CRO, BNB, LTC\">Market is expected to rise for many cryptocurrencies, however watch out for these 5: BTC, XLM, CRO, BNB, LTC<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#BTC_price_predictions\" title=\"BTC price predictions\">BTC price predictions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#XLM_price_predictions\" title=\"XLM price predictions\">XLM price predictions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#CRO_price_predictions\" title=\"CRO price predictions\">CRO price predictions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#BNB_price_predictions\" title=\"BNB price predictions\">BNB price predictions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#LTC_price_predictions\" title=\"LTC price predictions\">LTC price predictions<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/satt-token.com\/blog\/archives\/3050\/#Meme_Of_The_Week\" title=\"Meme Of The Week\">Meme Of The Week<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Headlines_Of_The_Week\"><\/span><b>Top Headlines Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3063\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1.png.jpg\" alt=\"\" width=\"700\" height=\"321\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1.png.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1.png-300x137.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1.png-768x352.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<ul>\n<li><strong>3 front runners for blockchain in Japan launched a new pilot on digital identity interoperability.&nbsp;&nbsp;<\/strong><\/li>\n<li><strong>Canada reveals plans to expedite its search for a national CBDC by hiring an economist before the end of this year whose main objective will be to prepare the country to obtain monetary sovereignty through a digital currency.&nbsp;<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>Watch out for BTC, BNB, LTC and few more as this week\u2019s outlook predicts major price fluctuations.<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top Stories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"JCB_Mizuho_Bank_Pilot_a_Joint_Blockchain_Venture_on_Digital_Identity_Management\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/japanese-payments-firm-jcb-and-mizuho-bank-test-blockchain-based-id\" target=\"_blank\" rel=\"noopener\"><b><i>JCB, Mizuho Bank&nbsp; Pilot a Joint Blockchain Venture on Digital Identity Management<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3053\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/digital-banking-blockchain-japan.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/digital-banking-blockchain-japan.jpg 1000w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/digital-banking-blockchain-japan-300x200.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/digital-banking-blockchain-japan-768x512.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Taking<\/span> <span style=\"font-weight: 400;\">the spotlight of this week\u2019s crypto highlights is Japan\u2019s third-largest bank, Mizuho Bank and incumbent payment giant JCB <\/span><a href=\"https:\/\/www.pymnts.com\/innovation\/2020\/japans-fujitsu-jcb-mizuho-bank-test-blockchain-based-id-system\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">launching a pilot project for digital identity interoperability <\/span><\/a><span style=\"font-weight: 400;\">on top of blockchain technology. Fujitsu Laboratories, the developer of the said solution announced it to the world on the 15th of Oct.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The joint venture will now present an opportunity for both companies to securely link and exchange member information across multiple operators. This includes sensitive information such as employee names, addresses and employers securely stored on a private cloud by Fujitsu. The pilot project is expected to be carried out focusing 100 Fujitsu Group employees. Mizuho plans to run the pilot till early next year.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All three organizations &#8211; Mizuho Bank, JCB and Fujitsu Group have demonstrated varied interest levels in exploring blockchain tech over the past several years.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bank_of_Canada_hits_the_last_nail_towards_a_Canadian_CBDC\"><\/span><a href=\"https:\/\/www.coindesk.com\/bank-of-canada-seeking-to-hire-economist-for-digital-currencies-fintech\" target=\"_blank\" rel=\"noopener\"><b><i>Bank of Canada hits the last nail towards a Canadian CBDC<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3054\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/bankofcanada.jpg\" alt=\"\" width=\"700\" height=\"525\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/bankofcanada.jpg 1000w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/bankofcanada-300x225.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/bankofcanada-768x576.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">With so much being discussed of the possibilities of the US launching a CBDC, many have overlooked its North American neighbour Canada\u2019s possibility of launching one on its own. It is in this light, we hear that the Bank of Canada has openly expressed that it&#8217;s looking to hire an economist who has in-depth knowledge of fintech and digital currencies. Many indicate that this may be the signaling of a broader move by the National bank to launch a Canadian Central Bank Digital Currency(CBDC).&nbsp;&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the bank\u2019s official <\/span><a href=\"https:\/\/careers.bankofcanada.ca\/job\/Ottawa-%28Downtown%29-Economist%2C-Digital-Currencies-and-Financial-Technologies-ON\/542179017\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">website<\/span><\/a><span style=\"font-weight: 400;\">, the economist\u2019s duties will range from analyzing economic and policy issues related to digital currencies and Canadian monetary sovereignty, monitoring latest developments in the payment industry and providing insights to the bank\u2019s senior management.&nbsp;&nbsp;<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">&#8220;<\/span><i><span style=\"font-weight: 400;\">A key part of this program is the monitoring framework for money and payments and the contingency planning for a central bank digital currency (CBDC). This is a program of major social significance and will require us to break new ground. &#8220;<\/span><\/i><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The bank has only outlined a high level set of functional requirements which speaks of knowledge about the top-tier blockchains as well as the payment card networks and other associated entities involved in launching a new digital currency to the financial ecosystem. Applications are expected to close at the end of this week by 25th Oct. It will be very interesting to see how the public and financial experts in the country react to this.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Almost_1M_ETH_would_have_burnt_in_the_last_365_days_if_EIP_1559_had_been_approved\"><\/span><a href=\"https:\/\/beincrypto.com\/eip-implementation-would-have-resulted-in-burning-nearly-1m-eth-in-2020\/\" target=\"_blank\" rel=\"noopener\"><b><i>Almost 1M ETH would have burnt in the last 365 days&nbsp; if (EIP) 1559 had been approved&nbsp;<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3055\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/ETH-1.jpg\" alt=\"\" width=\"700\" height=\"368\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/ETH-1.jpg 1200w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/ETH-1-300x158.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/ETH-1-1024x538.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/ETH-1-768x403.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Widely known as EIP 1559, the controversial Ethereum Improvement Proposal would have burnt 970,000 Ether (<\/span><a href=\"https:\/\/cointelegraph.com\/ethereum-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ETH<\/span><\/a><span style=\"font-weight: 400;\">) approx. 1M \u2014 amassing a total value of $360 million \u2014 in the last year, had the new proposal been implemented. The main points put forward in EIP 1559 seeks to reduce transaction fees by introducing flat fees alongside a burn mechanism.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report published by the Head of DTC Capital Spencer Noon based on data by Dune Analytics has opened the floor to discussions among the larger Ethereum community as to why the proposal has not yet been approved. Quoting an individual who goes by the name of \u2018Laur Science\u2019 has recently suggested on Twitter, that it should come along with the next hard fork.<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">\u201cHopefully, we don&#8217;t keep discussing this for two more years while miners get too much $ETH and dump it for $USD, keeping the $ETH price in check.\u201d<\/span><\/i><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The current proposal was initially <\/span><a href=\"https:\/\/ethresear.ch\/t\/first-and-second-price-auctions-and-improved-transaction-fee-markets\/2410\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">proposed <\/span><\/a><span style=\"font-weight: 400;\">way back in 2018 by Vitalik Buterin himself, that would drastically change how transaction fees are calculated. EIP-1559 proposes a \u2018base fee\u2019 for all transactions.This fee is burnt and the incentive for miners then comes from the users via a \u2018tip\u2019 added on top of the base fee.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, the proposal allows the \u2018 base fee\u2019 to be varied in order to keep block size around 10m gas. According to Vitalik, the proposal has four main design goals \u2014 increased security, predictable fees, consistent block size and concrete economy (prevent fees being paid in other tokens).<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exclusive_From_SaTT\"><\/span><b>Exclusive From SaTT<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"SaTT_delivers_much_awaited_Staking_program_with_unbeatable_rewards_on_Uniswap\"><\/span><a href=\"https:\/\/satt-token.com\/blog\/2020\/10\/16\/getting-on-uniswap-2-how-to-join-the-liquidity-pool\/\"><b><i>SaTT delivers much awaited Staking program with unbeatable rewards on Uniswap&nbsp;<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3056\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Uniswap.jpg\" alt=\"\" width=\"700\" height=\"422\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Uniswap.jpg 780w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Uniswap-300x181.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Uniswap-768x463.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In the spotlight of this week&#8217;s crypto highlights is SaTT&nbsp; announcing its staking rewards program over the weekend. SaTT offers 2 ways for its token holders and community to join in on the staking rewards.&nbsp;<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Swap ETH for WSaTT&nbsp;<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Convert SaTT to WSaTT<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A much awaited reward, almost can be considered as a way of showing gratitude for the community\u2019s dedication and patience since it began its ICO in 2018. Once <\/span><a href=\"https:\/\/satt-token.com\/blog\/2020\/10\/16\/getting-on-uniswap-1-how-to-get-wsatt-so-as-to-provide-liquidity-on-uniswap-to-collect-rewards\/\"><span style=\"font-weight: 400;\">acquiring WSaTT<\/span><\/a><span style=\"font-weight: 400;\">, members can head over to Uniswap, biggest DEX on Ethereum to stake their WSaTT and increase the liquidity pool in Uniswap. This is a <\/span><a href=\"https:\/\/satt-token.com\/blog\/2020\/10\/16\/getting-on-uniswap-2-how-to-join-the-liquidity-pool\/\"><span style=\"font-weight: 400;\">step by step guide <\/span><\/a><span style=\"font-weight: 400;\">describing all about how to get on Uniswap for anyone interested.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SaTT is currently listed and tradable on <\/span><a href=\"https:\/\/www.bw.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BW Exchange<\/span><\/a><span style=\"font-weight: 400;\">, a US-compliant exchange, <\/span><a href=\"https:\/\/www.probit.com\/en-us\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ProBit Exchange<\/span><\/a><span style=\"font-weight: 400;\">, a frequent feature in top ten exchanges, <\/span><a href=\"https:\/\/whitebit.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">WhiteBIT<\/span><\/a><span style=\"font-weight: 400;\"> an EU-compliant top ten exchange on Coingecko and <\/span><a href=\"https:\/\/coinsbit.io\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Coinsbit<\/span><\/a><span style=\"font-weight: 400;\">, one of the popular Eastern European exchanges. <\/span><span style=\"font-weight: 400;\">we have been on the move with each week accompanying a new exchange listing.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Token rewards will be as follows for staking WSaTT:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">10 days : 2% \u2013 Only for the first 50 participants<\/span><\/li>\n<li><span style=\"font-weight: 400;\">30 days : 3%<\/span><\/li>\n<li><span style=\"font-weight: 400;\">90 days : 10%<\/span><\/li>\n<li><span style=\"font-weight: 400;\">180 days : 22%<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Mainstream_Adoption_Of_The_Week\"><\/span><b>Mainstream Adoption Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Zilliqa_embraces_DeFi_and_billions_of_ZIL_staked_in_a_matter_of_hours\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/one-billion-zil-staked-in-first-few-hours-as-zilliqa-embraces-defi\" target=\"_blank\" rel=\"noopener\"><b><i>Zilliqa embraces DeFi and billions of ZIL staked in a matter of hours<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3057\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1billion-ZIL-staked-in-24-hours-as-Zilliqa-launches-staking-program-1.jpg\" alt=\"\" width=\"700\" height=\"422\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1billion-ZIL-staked-in-24-hours-as-Zilliqa-launches-staking-program-1.jpg 2560w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1billion-ZIL-staked-in-24-hours-as-Zilliqa-launches-staking-program-1-300x181.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1billion-ZIL-staked-in-24-hours-as-Zilliqa-launches-staking-program-1-1024x618.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1billion-ZIL-staked-in-24-hours-as-Zilliqa-launches-staking-program-1-768x464.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/1billion-ZIL-staked-in-24-hours-as-Zilliqa-launches-staking-program-1-1536x927.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Last week saw 1 billion ZIL staked in a matter of a few hours as Zilliqa launched a non-custodial staking platform on its mainnet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Zilliqa is known for being a high-performance and secure blockchain platform for enterprises and next-gen dApps. Not long ago in June,<\/span><a href=\"https:\/\/cointelegraph.com\/news\/why-didn-t-the-kucoin-hack-or-legal-action-against-bitmex-seem-to-impact-bitcoin\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Binance and KuCoin<\/span><\/a><span style=\"font-weight: 400;\"> were announced as exchange staking partners by Zilliqa. But now the token holders have the facility to stake directly into the smart contract without having to go through a third party intermediary.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Staking will enable ZIL holders to participate in<\/span><a href=\"https:\/\/cointelegraph.com\/news\/uniswap-proposal-under-fire-for-enabling-dharma-to-take-over-governance\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> governance voting<\/span><\/a><span style=\"font-weight: 400;\"> as the platform strives to become more decentralized, as well as earn rewards through staking.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the company, annual staking returns are estimated to be around 6%, if 80% of the circulating supply, currently 10.5 billion ZIL, is staked. This is a huge expectation of which only a 10% is achieved currently. Holders will be issued 1 gZIL for every 1,000 $ZIL earned as staking rewards. gZil is a new token introduced to the network referred to as governance ZILs, or gZIL.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Market_is_expected_to_rise_for_many_cryptocurrencies_however_watch_out_for_these_5_BTC_XLM_CRO_BNB_LTC\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/top-5-cryptocurrencies-to-watch-this-week-btc-xlm-cro-bnb-ltc\" target=\"_blank\" rel=\"noopener\"><b><i>Market is expected to rise for many cryptocurrencies, however watch out for these 5: BTC, XLM, CRO, BNB, LTC<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This week\u2019s market sentiments focus on 5 major cryptocurrencies expected to demonstrate heavy market movements. They are BTC, CRO, XLM, LTC and BNB.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With recent institutional investments from major investment firms as well as from Jack Dorsey\u2019s Square last week, BTC investments by institutional buyers have shown a significant growth last week. <\/span><span style=\"font-weight: 400;\">Data from Skew shows <\/span><a href=\"https:\/\/cointelegraph.com\/bitcoin-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin&#8217;s<\/span><\/a><span style=\"font-weight: 400;\"> spot volume on LMAX Digital, an exchange that mainly caters to institutions has overtaken retail-oriented exchanges. This indicates that institutional investors could be building up positions slowly as they expect the price to move even higher in the future.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"BTC_price_predictions\"><\/span>BTC price predictions<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3058\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/23a676fe-4dd9-4c1c-b19b-f32f4b13b799.png\" alt=\"\" width=\"700\" height=\"352\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/23a676fe-4dd9-4c1c-b19b-f32f4b13b799.png 1638w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/23a676fe-4dd9-4c1c-b19b-f32f4b13b799-300x151.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/23a676fe-4dd9-4c1c-b19b-f32f4b13b799-1024x515.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/23a676fe-4dd9-4c1c-b19b-f32f4b13b799-768x386.png 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/23a676fe-4dd9-4c1c-b19b-f32f4b13b799-1536x772.png 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Many who bought the dip at $11, 165 anticipate a breakout at this level which may resume the upward -move with the first target at $12,000 and then $12,460<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"XLM_price_predictions\"><\/span>XLM price predictions<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><a href=\"https:\/\/cointelegraph.com\/stellar-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">XLM <\/span><\/a><span style=\"font-weight: 400;\">&nbsp;broke below the 200-day simple moving average ($0.077) on Sep. 21. but the bears could not capitalize on this move and sink the price below $0.066841. This signals buying by the bulls at lower levels. If the bulls succeed in beating $0.084584, the pair could start a new uptrend that may rally towards $0.10.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"CRO_price_predictions\"><\/span>CRO price predictions<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Coin (<\/span><a href=\"https:\/\/cointelegraph.com\/crypto-com-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CRO<\/span><\/a><span style=\"font-weight: 400;\">) plummeted and closed (UTC time) below the $0.144743 support. This bearish setup has a target at $0.10607. The bulls might attempt to defend the 200-day SMA at $0.121 but a bounce off this level could retest the breakdown levels at $0.144743.&nbsp;<\/span><span style=\"font-weight: 400;\">The price may continue to go down if the sellers try to sink the price below the SMA. Very cautious period, if you own CRO.&nbsp;<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"BNB_price_predictions\"><\/span>BNB price predictions<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">If the buyers can thrust the BNB\/USD pair above the $32\u2013 $33.3888 resistance zone, the momentum could pick up and a retest of the all-time highs. This is definitely on the cards, so watch out if you\u2019ve invested in BNB.&nbsp;<\/span><span style=\"font-weight: 400;\">At the same time, <\/span><a href=\"https:\/\/cointelegraph.com\/binance-coin-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Binance Coin<\/span><\/a><span style=\"font-weight: 400;\"> turned down from $31.9798 on Oct. 16 but the bulls purchased the dip to the immediate support at $29.5646. This suggests that the previous resistance level has now flipped to support.&nbsp;<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"LTC_price_predictions\"><\/span>LTC price predictions<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Litecoin (<\/span><a href=\"https:\/\/cointelegraph.com\/ltc-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">LTC<\/span><\/a><span style=\"font-weight: 400;\">) is attempting to form an inverse head and shoulders pattern that will complete on a breakout and close (UTC time) above $51.50. The flat moving averages and the RSI below the midpoint suggest a balance between supply and demand.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Meme_Of_The_Week\"><\/span><b>Meme Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3051\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iNfec1bSSE1Q283Aj1Si2jvS4c8PwDa9SqWjNEcRHYj7qqQvtRUwbwZT367VGNUmkotg5ujtviJ-e1603126136948.png\" alt=\"\" width=\"700\" height=\"627\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iNfec1bSSE1Q283Aj1Si2jvS4c8PwDa9SqWjNEcRHYj7qqQvtRUwbwZT367VGNUmkotg5ujtviJ-e1603126136948.png 544w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iNfec1bSSE1Q283Aj1Si2jvS4c8PwDa9SqWjNEcRHYj7qqQvtRUwbwZT367VGNUmkotg5ujtviJ-e1603126136948-300x269.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>We hope you enjoyed this week&#8217;s edition of crypto highlights. For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2020\/10\/12\/crypto-highlights-week-41-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: SaTT now offers staking rewards through Uniswap, Japan\u2019s companies take a huge leap in blockchain tech, Canada finally confirms its expectation for a CBDC and many more in this week\u2019s crypto highlights.&nbsp; Top Headlines Of The Week 3 [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-3050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=3050"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3050\/revisions"}],"predecessor-version":[{"id":11023,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3050\/revisions\/11023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/3052"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=3050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=3050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=3050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}