Uniswap Loses 40% of Liquidity as Rewards End – November 17

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,692

Bitcoin price is pushing towards recent highs once again, briefly breaking the $16,800 mark overnight.

Top-20 altcoins have sprung back into action along with Bitcoin, as XRP gains almost 9%, Ethereum rises 2%, and Litecoin jumps more than 8%.

Top Stories for November 17, 2020 πŸ”₯

πŸ‘‰ Uniswap Loses 40% of Liquidity as Rewards End

Decentralized exchange Uniswap has lost 40% of its liquidity following the scheduled end of its liquidity mining program.

Despite hitting an all-time high of more than $3 billion total value locked a matter of days ago, the value has now dropped well below the $2 billion mark.

A new proposal has since been put forward to reinstate liquidity mining rewards at a lower rate.

πŸ‘‰ IBM Wins Patent for Blockchain Consensus in MMO Gaming

IBM has been awarded a new patent which appears to use blockchain-based consensus for multiplayer gaming applications.

The patent describes how players in a massively multiplayer online (MMO) game would contribute to the ordering of transactions that make up the game’s information flow.

πŸ‘‰ DeFi Hack of the Day – Origin Dollar Hacked for $7M

Origin Protocol’s yield-generating stablecoin project OUSD has been exploited, resulting in the loss of $7 million in funds; $1 million of which belonged to the project’s founders and employees.

The team is still attempting to figure out how the exploit was carried out, although they know that it was funded using a flash-loan.

The attack is the fifth major DeFi exploit to be executed within the last three weeks.