Staking services reached a market cap of $ 25.8 billion

Staking services have a market cap of $ 25.8 billion

A recent Binance report found that staking services reached a market cap of $ 25.8 billion.

This amount includes the top 10 blockchain networks using the proo-of-Stake or delegated PoS system. These include Stellar (XLM), Tron (TRX), Cardano (ADA), Dash, NEO and Ontology.

In the near future, Ethereum will also move to the Proof-of-Stake consensus, which will significantly increase the popularity of the staking service and significantly increase the value of this market.

Bakkt launches consumer application in 2020

Bakkt has announced it will launch a consumer app so retail investors can “unlock the value of digital assets”

Mike Blandina, Bakkt’s product manager, said the application will be launched in 2020:

“We will launch a consumer app to facilitate the discovery and unlocking of digital asset value, as well as the ways in which they can trade or track them. Merchants will have access to more customers with high purchasing power ”,

is detailed in the announcement on the Bakkt blog.

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Starbucks will be one of the first retail companies to be included in the new application.

“We focused on developing the consumer application and the merchant portal, as well as testing with our first launch partner, Starbucks, which we expect in the first half of next year,”

Blandina said.

Paxos launches a blockchain platform dedicated to banks

Paxos announced that it has received approval from the SEC to introduce the Paxos Settlement Service for a number of listed securities in the United States.

Two European banks, Credit Suisse and Société Générale, will be the first to use the new service. It will allow bilateral trading on the blockchain of US securities.

Charles Cascarilla, CEO and co-founder of Paxos, said:

“We start with the actions listed in the US. This technology can be extended to many asset classes in other jurisdictions and to all types of clients. “

Bitmain launches co-founder and majority shareholder Micree Ketuan Zhan

Chinese media reported that Bitmain kicked out co-founder and chief executive officer Micree Ketuan Zhan.

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Jihan Wu, another co-founder of the crypto mining hardware company, e-mailed the following notification:

“Bitmain’s co-founder, president, legal representative and chief executive Jihan Wu has decided to immediately dissolve all the roles of Ketuan Zhan. Bitmain personnel will no longer receive orders from Zhan or attend any meeting organized by Zhan. Depending on the situation, Bitmain may consider terminating the employment contracts of those who violate this directive. “

It is unclear why Bitmain decided to give up Zhan, as he was still a major shareholder of the company with a 60% stake. Jihan Wu and another co-founder Yuesheng Ge own a total of 30% of the company.

Bitmain tried to launch an IPO in Hong Kong, but its application expired earlier this year. There have been reports that the company, which has a valuation of $ 12 billion, planned to be listed on the US stock exchange this year. On the other hand, rival Canaan Creative has already filed documents for the IPO in the US, aiming to raise $ 400 million.