{"id":9798,"date":"2020-07-27T17:05:30","date_gmt":"2020-07-27T15:05:30","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=2399"},"modified":"2022-03-15T11:53:35","modified_gmt":"2022-03-15T10:53:35","slug":"crypto-highlights-week-30-paypal-partners-with-paxos-to-offer-crypto-trading-services","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/9798","title":{"rendered":"Crypto Highlights Week #30 \u2013 PayPal Partners With Paxos To Offer Crypto Trading Services"},"content":{"rendered":"<p><b>Crypto Highlights: <\/b><em>BSN supports six public chains, Key metrics suggest Bitcoin\u2019s bull run, Tether hits $10 billion, ETH 2.0 testnet goes live on august 4th: These and more in this week\u2019s crypto highlights.&nbsp;<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2403\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/1.jpg\" alt=\"Crypto Highlights Week #30 \u2013 Everything from Last Week you don\u2019t want to miss\" width=\"700\" height=\"358\" title=\"\"><\/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\/9798\/#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\/9798\/#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\/9798\/#Tethers_Market_Valuation_Grows_144_in_2020_USDT_Market_Cap_Worth_10_Billion\" title=\"Tether&#8217;s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion\">Tether&#8217;s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion<\/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\/9798\/#Ethereum_20_Final_Testnet_to_Launch_on_August_4_Release_of_ETH_20_Still_on_Track\" title=\"Ethereum 2.0 Final Testnet to Launch on August 4, Release of ETH 2.0 Still on Track\">Ethereum 2.0 Final Testnet to Launch on August 4, Release of ETH 2.0 Still on Track<\/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\/9798\/#PayPal_Partners_With_Paxos_To_Offer_Crypto_Trading_Services\" title=\"PayPal Partners With Paxos To Offer Crypto Trading Services\">PayPal Partners With Paxos To Offer Crypto Trading Services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/9798\/#Mastercard_Expands_Cryptocurrency_Program_to_Allow_More_Firms_to_Issue_Cards_on_its_Network\" title=\"Mastercard Expands Cryptocurrency Program to Allow More Firms to Issue Cards on its Network\">Mastercard Expands Cryptocurrency Program to Allow More Firms to Issue Cards on its Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/9798\/#10_Women_Leading_the_Way_in_Blockchain_Industry\" title=\"10 Women Leading the Way in Blockchain Industry\">10 Women Leading the Way in Blockchain Industry<\/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\/9798\/#Biggest_Mainstream_Adoption_Of_The_Week\" title=\"Biggest Mainstream Adoption Of The Week\">Biggest 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\/9798\/#Chinas_Blockchain_Infrastructure_to_Extend_Global_Reach_With_Six_Public_Chains\" title=\"China\u2019s Blockchain Infrastructure to Extend Global Reach With Six Public Chains\">China\u2019s Blockchain Infrastructure to Extend Global Reach With Six Public Chains<\/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\/9798\/#This_Weeks_Crypto_Market_Sentiment\" title=\"This Week&#8217;s Crypto Market Sentiment\">This Week&#8217;s Crypto 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\/9798\/#3_Key_Metrics_Show_the_Start_of_a_New_Bitcoin_Bull_Trend\" title=\"3 Key Metrics Show the Start of a New Bitcoin Bull Trend\">3 Key Metrics Show the Start of a New Bitcoin Bull Trend<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/satt-token.com\/blog\/archives\/9798\/#This_Weeks_Crypto_Meme\" title=\"This Weeks Crypto Meme\">This Weeks Crypto Meme<\/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<ul>\n<li style=\"font-weight: 400;\"><strong>China\u2019s backed blockchain service, BSN opens its door on a global scale to six public chains to run nodes and utilize its services.&nbsp;<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>After three months of Bitcoin\u2019s lowest volatility in three years, three key metrics suggest the stage might just be setting for the next bull run.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>The launch of Ethereum 2.0 draws closer as the testnet prepares to go live on August 4th. On the flipside, Tether hits $10 billion making it the largest asset on Ethereum public chain with a wide margin.&nbsp;<\/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=\"Tethers_Market_Valuation_Grows_144_in_2020_USDT_Market_Cap_Worth_10_Billion\"><\/span><a href=\"https:\/\/news.bitcoin.com\/tethers-market-valuation-grows-144-in-2020-usdt-market-cap-worth-10-billion\/\" target=\"_blank\" rel=\"noopener\"><b><i>Tether&#8217;s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2405\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Te.jpg\" alt=\"Tether Gain market traction\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Te.jpg 1280w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Te-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Te-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Te-768x432.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The world&#8217;s most popular stablecoin, Tether claims the number three spot on the cryptocurrency market capitalization charts. A significant number of market estimate aggregators highlighted that Tether\u2019s market cap is presently between $9.1 to $10.1 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although controversies frequently arise with regards to Tether (<\/span><a href=\"https:\/\/markets.bitcoin.com\/crypto\/USDT\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">USDT<\/span><\/a><span style=\"font-weight: 400;\">); however, it remains the most reputable stablecoin. Messari shows that Tether <\/span><a href=\"https:\/\/markets.bitcoin.com\/crypto\/USDT\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">(USDT)<\/span><\/a><span style=\"font-weight: 400;\"> has a $10.2 billion market valuation and $1.4 million in 24-hour world trade volume.&nbsp; The metrics on <\/span><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Coinmarketcap.com<\/span><\/a><span style=\"font-weight: 400;\"> also suggest that the market cap for Tether (USDT) is $10 billion and a whopping $20 billion in 24-hour trades period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Ethereum blockchain holds a host of other stablecoins trotting behind USDT such as USDC which has reached a record $1 billion mark, BUSD which currently sits at $165,876,444. Others are PAX, TrueUSD, and Gemini dollars.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Ethereum_20_Final_Testnet_to_Launch_on_August_4_Release_of_ETH_20_Still_on_Track\"><\/span><a href=\"https:\/\/www.coinspeaker.com\/testnet-ethereum-2-0-august-4\/amp\/\" target=\"_blank\" rel=\"noopener\"><b><i>Ethereum 2.0 Final Testnet to Launch on August 4, Release of ETH 2.0 Still on Track<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2406\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/2.0.jpg\" alt=\"Crypto Highlights Week #30 \u2013 Everything from Last Week you don\u2019t want to miss\" width=\"700\" height=\"420\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/2.0.jpg 1000w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/2.0-300x180.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/2.0-768x461.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">It appears that the <\/span><a href=\"https:\/\/www.coinspeaker.com\/topics\/ethereum-2-0\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ETH 2.0<\/span><\/a><span style=\"font-weight: 400;\"> is finally happening as the originators of the Ethereum 2.0 project have <\/span><a href=\"https:\/\/cointelegraph.com\/news\/ethereum-20-final-testnet-set-to-launch-on-august-4\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> that they will launch the network&#8217;s final public testnet on August 4, 2020. To ensure network stability, the general public may have to wait for at least 3 months before the entire project goes live. This deserves a top spot in this week&#8217;s crypto highlights given the recent developments.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Danny Ryan posted the update on the Ethereum 2.0 testnet discussion board on discord. Ryan explained that the team will be showcasing \u201cLaunchpad\u201d in the testnet. After a number of testings, Ryan challenged hackers to attack the Ethereum 2.0 testnet via tweet for any reason whatsoever. This is to make users have confidence in the system as they work hard to go live.&nbsp;&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"PayPal_Partners_With_Paxos_To_Offer_Crypto_Trading_Services\"><\/span><a href=\"https:\/\/www.dcforecasts.com\/altcoin-news\/paypal-partners-with-paxos-to-offer-crypto-trading-services\/\" target=\"_blank\" rel=\"noopener\"><b><i>PayPal Partners With Paxos To Offer Crypto Trading Services<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2407\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/paypal.jpg\" alt=\"Crypto Highlights Week #30 \u2013 Everything from Last Week you don\u2019t want to miss\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/paypal.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/paypal-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/paypal-768x432.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><a href=\"https:\/\/www.dcforecasts.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">News<\/span><\/a><span style=\"font-weight: 400;\"> has surfaced suggesting that Fintech giant PayPal, has partnered with Paxos, United States&#8217; stablecoin operator. It is projected that PayPal will facilitate crypto trading through Paxos&#8217; brokerage services. It is still unclear which crypto assets will be supported by this arrangement.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.prnewswire.com\/news-releases\/paxos-introduces-paxos-crypto-brokerage-service-to-power-digital-asset-buying-and-selling-in-any-product-301093761.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\"> follows the latest announcement of Paxos&#8217; launch of a crypto brokerage that enables other companies to integrate crypto trading functionalities into their business.&nbsp; The service can be used through a simple application programming interface integration. PayPal&#8217;s entrance into the crypto space will spark a major development for the crypto industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">PayPal was initially a member of the Libra Association. The Libra Association is the governing body for Facebook&#8217;s projected stablecoin. The fintech giant left the Association following massive criticisms from government agencies. They are now exploring ways to get involved with other players in the industry.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mastercard_Expands_Cryptocurrency_Program_to_Allow_More_Firms_to_Issue_Cards_on_its_Network\"><\/span><a href=\"https:\/\/www.cnbc.com\/2020\/07\/20\/mastercard-strikes-cryptocurrency-card-deal-with-uk-start-up-wirex.html\" target=\"_blank\" rel=\"noopener\"><b><i>Mastercard Expands Cryptocurrency Program to Allow More Firms to Issue Cards on its Network<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2408\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/mastercard.jpg\" alt=\"Crypto Highlights Week #30 \u2013 Everything from Last Week you don\u2019t want to miss\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/mastercard.jpg 960w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/mastercard-300x200.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/mastercard-768x512.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Mastercard has become the first indigenous firm to attain principal membership in the crypto space due to its deal with Wirex. Note that cryptocurrency payment cards aren\u2019t new. In fact, Coinbase launched its own Visa card last year, so far adoption have been growing at lightspeed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wirex can now directly issue cards on Mastercard\u2019s network, thereby making it easier for companies in the crypto space to issue their own payment cards. Raj Dhamodharan, Mastercard\u2019s Executive Vice President for Digital Asset and <a href=\"https:\/\/markchain.io\/en\/blockchain-all-you-need-to-know\/\" target=\"_blank\" rel=\"noopener\">Blockchain<\/a> Products and Partnerships, revealed that:<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cThe cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today\u2019s digital economy\u2026, our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay.\u201d<\/span><\/i><\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Women_Leading_the_Way_in_Blockchain_Industry\"><\/span><a href=\"https:\/\/cryptocurrencyhub.io\/10-women-leading-the-way-in-blockchain-industry-913ebc5c0d61\" target=\"_blank\" rel=\"noopener\"><b><i>10 Women Leading the Way in Blockchain Industry<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2411\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Cisco-Newsroom.jpg\" alt=\"Crypto Highlights Week #30 \u2013 Everything from Last Week you don\u2019t want to miss\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Cisco-Newsroom.jpg 1200w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Cisco-Newsroom-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Cisco-Newsroom-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/Cisco-Newsroom-768x432.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Blockchain technology is progressively disrupting every sector of our world as we know it.&nbsp; A number of awesome women like Rachel Wolfson, Elizabeth McCauley, Rhian Lewis, and Piper Moretti, etc have played the role of the Blockchain flagship bearers, and also our very own CTO, a blockchain app groundbreaker, <\/span><a href=\"https:\/\/www.linkedin.com\/in\/stephanie-clement-dev\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Stephanie Clement<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephanie is an application developer who has worked on creating a number of Apps on Facebook and blockchain. Stephanie is currently CTO of <\/span><a href=\"https:\/\/www.atayen.us\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Atayen<\/span><\/a><span style=\"font-weight: 400;\">. Atayen is an American brand that facilitates App development.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of Atayen&#8217;s many App development is the Smart Advertising Transaction Token <\/span><a href=\"https:\/\/www.satt-token.com\/\"><span style=\"font-weight: 400;\">(SaTT)<\/span><\/a><span style=\"font-weight: 400;\">. SATT uses blockchain technology for online advertising and publishing. It gives social media influencers the ability to monetize their social media publications.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Biggest_Mainstream_Adoption_Of_The_Week\"><\/span><b>Biggest Mainstream Adoption Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Chinas_Blockchain_Infrastructure_to_Extend_Global_Reach_With_Six_Public_Chains\"><\/span><a href=\"https:\/\/www.coindesk.com\/chinas-blockchain-infrastructure-to-extend-global-reach-with-six-public-chains\" target=\"_blank\" rel=\"noopener\"><b><i>China\u2019s Blockchain Infrastructure to Extend Global Reach With Six Public Chains<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2412\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/China-Blockchain-top.jpg\" alt=\"Crypto Highlights Week #30 \u2013 Everything from Last Week you don\u2019t want to miss\" width=\"700\" height=\"400\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/China-Blockchain-top.jpg 860w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/China-Blockchain-top-300x171.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/China-Blockchain-top-768x438.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">China&#8217;s BSN has raised the bar in the Blockchain space by integrating with six public blockchains including Ethereum, NEO, Tezos, EOS, IRISnet, and Nervos.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In what appears to be a strategic move to position China as a major global leader, Chinese Blockchain-based Service Network, <\/span><a href=\"https:\/\/global.bsnbase.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BSN<\/span><\/a><span style=\"font-weight: 400;\"> will be opening its doors to decentralized application (DApps) developers to start utilizing its service starting from August 10.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The BSN network, aka <\/span><a href=\"https:\/\/decrypt.co\/16471\/new-chinachain-aims-to-connect-hundreds-of-cities-across-china-will-it-work\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Chinachain<\/span><\/a><span style=\"font-weight: 400;\"> which was launched about 3 months ago to lead China\u2019s exploration into Blockchain Technology deploys nodes connecting 128 cities around<\/span><span style=\"font-weight: 400;\"> the world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It appears that BSN&#8217;s services are relatively more affordable.&nbsp; Contrasted with the cost of hosting on cloud servers like Amazon Web Services (AWS) and Alibaba Cloud. It is projected that BSN will onboard up to 10 public chains before the end of 2020.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Crypto_Market_Sentiment\"><\/span><b>This Week&#8217;s Crypto Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"3_Key_Metrics_Show_the_Start_of_a_New_Bitcoin_Bull_Trend\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/data-analyst-3-key-metrics-show-the-start-of-a-new-bitcoin-bull-trend?utm_source=Telegram&amp;utm_medium=social\" target=\"_blank\" rel=\"noopener\"><b><i>3 Key Metrics Show the Start of a New Bitcoin Bull Trend<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2413\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/bitcoin-bull-run-1.jpg\" alt=\"Crypto Highlights Week #30 \u2013 Everything from Last Week you don\u2019t want to miss\" width=\"700\" height=\"368\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/bitcoin-bull-run-1.jpg 1140w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/bitcoin-bull-run-1-300x158.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/bitcoin-bull-run-1-1024x539.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/bitcoin-bull-run-1-768x404.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Ki Young-Ju, CEO of the market research firm, CryptoQuant, revealed that the market is now experiencing less and less selling pressure from miners and bigger whales as three metrics depict a <\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-holds-key-support-and-is-on-the-verge-of-testing-10-000\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">bull trend<\/span><\/a><span style=\"font-weight: 400;\"> is at hand.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Young-Ju disclosed that&nbsp; 3 major indicators to wit: less selling pressure from miners, low exchange inflows and declining exchange reserves prompted the above deduction. Data from <\/span><a href=\"https:\/\/terminal.bytetree.com\/bitcoin\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ByteTree<\/span><\/a><span style=\"font-weight: 400;\"> shows miners produced 7,293 BTC and sold 7,365 BTC. A net inventory of -72 BTC is considered low selling pressure from miners, especially over a prolonged period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following are the two plausible rationales behind the lack of appetite among miners to offer Bitcoin for sale in recent months. First possible reason is that the hash rate of Bitcoin is skyrocketing at records high. Other reason appears to be that the cost of mining is relatively low.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Crypto_Meme\"><\/span><b>This Weeks Crypto Meme<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2404\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/2.png.jpg\" alt=\"Crypto Meme of the Week\" width=\"700\" height=\"460\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/2.png.jpg 680w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/07\/2.png-300x197.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>We hope you enjoyed the latest crypto highlights from last week. For a peek at the our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2020\/07\/20\/crypto-highlights-week-29-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: BSN supports six public chains, Key metrics suggest Bitcoin\u2019s bull run, Tether hits $10 billion, ETH 2.0 testnet goes live on august 4th: These and more in this week\u2019s crypto highlights.&nbsp; Top Headlines Of The Week: China\u2019s backed [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-9798","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\/9798","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=9798"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/9798\/revisions"}],"predecessor-version":[{"id":11053,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/9798\/revisions\/11053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/2414"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=9798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=9798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=9798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}