Metamask Integrates Token-Swap Functionality – October 7

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $10,592

Bitcoin price has slid slightly since news struck yesterday of the UK FCA banning crypto derivatives products and a delay of COVID-19 stimulus in the U.S.

Top-20 altcoins have performed poorly over the last 24 hours, with Ethereum and XRP falling 4% each, while Polkadot takes the biggest hit of 8%. EOS is the only significant gainer, with a 5% rise.

Top Stories for October 7, 2020 πŸ”₯

πŸ‘‰ Metamask Integrates Token-Swap Functionality

Ethereum wallet company Metamask have announced a token-swap feature, which will be integrated into their browser extension and mobile app.

The feature will search for the best exchange rates across decentralized exchanges, in a similar way to exchange aggregators such as 1inch exchange. Metamask will take a small fee on each transaction.

Metamask’s browser extension will be the first to receive the integration, with their mobile app to follow soon after.

πŸ‘‰ Ripple May Relocate Headquarters Outside of U.S

Ripple Labs co-founder and chairman Chris Larsen has stated that the company is “likely” to move its headquarters out of the U.S., due to regulatory uncertainty.

Larsen cited the UK and Singapore as viable options for Ripple’s relocation, also claiming that almost every country aside from the U.S. has a more favorable system for crypto regulation.

πŸ‘‰ Ethereum Network Hash Rate Reaches All-Time High

The computing power dedicated to securing the Ethereum network (known simply as the network’s hash rate) has reached a new all-time high of more than 250 TH/s.

Data from prominent mining pool “F2Pool” shows that mining Ethereum currently has its perks, with its profitability currently more than tripling that of mining Bitcoin.