Uniswap Launches UNI Token, Airdrops To Users – September 17

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $10,784

Bitcoin price has cooled off after a run that broke the $11,000 mark yesterday, now sitting in the $10,700s.

Top-20 altcoins seem to have stabilized over the last 24 hours, with Ethereum gaining 4% and XRP rising over 2%, while Bitcoin Cash and Litecoin remain unchanged.

Top Stories for September 17, 2020 πŸ”₯

πŸ‘‰ Uniswap Launches UNI Token, Airdrops To Users

Decentralized exchange Uniswap has created its own UNI governance token, airdropping 150 million of them to its users.

The token is designed to grow the platform via a decentralized mechanism, as well as reward users who contribute to the ecosystem.

Some believe that the release of the token was a direct response to rivals Sushiswap, who cloned the Uniswap platform and released their own SUSHI token.

πŸ‘‰ Kraken Exchange Is Launching A Bank In Wyoming

Kraken exchange is launching a bank in the state of Wyoming, under a new regulatory framework built for cryptocurrency companies.

The development will allow Kraken to launch the trading of non-crypto assets, and also no longer have to rely on third-party companies for banking services such as wire transfers.

πŸ‘‰ Former HSBC CEO Hired By Facebook’s Libra Association

The Libra Association – the group behind Facebook’s cryptocurrency project – has hired James Emmett, a former HSBC bank CEO.

His role at the Libra Association will be managing director, where he will use his 25 years of HSBC experience to “help make Libra’s vision a reality”.