{"id":31605,"date":"2020-11-11T15:30:13","date_gmt":"2020-11-11T13:30:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31605"},"modified":"2025-08-28T04:32:44","modified_gmt":"2025-08-28T01:32:44","slug":"october-2020-in-numbers-bitcoin-ethereum-defi-the-cbdc-race","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/october-2020-in-numbers-bitcoin-ethereum-defi-the-cbdc-race\/","title":{"rendered":"October 2020 in Numbers: Bitcoin, Ethereum, DeFi, the CBDC Race"},"content":{"rendered":"<div class=\"old_review\">\n<div class=\"review_top_blk\">\n<h2>Key<\/h2>\n<ul>\n<li>Bitcoin closed the best month since the start of 2018, updating a two-year price high at $14,100.<\/li>\n<li>Activity on the regulated CME exchange and inflows into Grayscale funds signal institutional interest in the first cryptocurrency.<\/li>\n<li>DeFi token prices have fallen significantly.<\/li>\n<li>The market capitalization of Bitcoin tokens on the Ethereum blockchain is rising rapidly.<\/li>\n<li>Trading volume on decentralized exchanges declined, but the overall picture points to the popularity of DEXs among users.<\/li>\n<li>The rally spurred a spike in transactions in the stablecoin USDT. USDC capitalization approached $3 billion.<\/li>\n<li>More central banks have announced plans to study and develop a digital currency (CBDC). Among them is the Bank of Russia.<\/li>\n<li>Jack Dorsey\u2019s Square invested 1% of its savings in Bitcoin, and PayPal added crypto support.<\/li>\n<\/ul>\n<\/div>\n<div class=\"review_single_blk\">\n<h2>Bitcoin and Ethereum price<\/h2>\n<div class=\"reviews_has_halves\">\n<div class=\"review_half\">\n<div id=\"attachment_115794\" style=\"width: 1148px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115794\" class=\"size-full wp-image-115794\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2716.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1138\" height=\"534\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2716.png 1138w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2716-300x141.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2716-1024x481.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2716-768x360.png 768w\" sizes=\"auto, (max-width: 1138px) 100vw, 1138px\" \/><\/p>\n<p id=\"caption-attachment-115794\" class=\"wp-caption-text\">Monthly BTC\/USD chart on Bitstamp. Data: TradingView.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115795\" style=\"width: 1148px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115795\" class=\"size-full wp-image-115795\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2677.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1138\" height=\"554\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2677.png 1138w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2677-300x146.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2677-1024x499.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2677-768x374.png 768w\" sizes=\"auto, (max-width: 1138px) 100vw, 1138px\" \/><\/p>\n<p id=\"caption-attachment-115795\" class=\"wp-caption-text\">Monthly ETH\/USD chart on Bitstamp. Data: TradingView.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<ul>\n<li>During the month Bitcoin rose 28%. The first cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-hits-a-yearly-high-above-14000\">updated<\/a> its annual high, and then a two-year high, closing the best month since 2017\u20132018. The price remained above $10,000 for more than three months (96 days as of November 1). Since the third halving, Bitcoin has risen by 60%.<\/li>\n<li>New money is entering the market, as evidenced by record Bitcoin addresses and market capitalization above $400 billion for the first time since 2018. Fundamental factors <a href=\"https:\/\/u1f987.com\/en\/news\/coin-metrics-fundamentals-point-to-bitcoin-rally-continuing\">indicate<\/a> further growth, though October\u2019s trading volume was relatively small.<\/li>\n<li>Ethereum held the $350 level, but price was nowhere near the year\u2019s high. Fundamentally, the outlook looks optimistic for continued growth \u2014 hash rate, the value of assets locked in the DeFi sector (TVL), and addresses with 32 ETH or more are rising.<\/li>\n<li>In Russia, the price of 1 BTC exceeded 1 million rubles. Bitcoin also hit all-time highs in pairs with national currencies <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hits-record-high-in-turkish-lira-terms\">Turkey<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hits-record-high-in-brazilian-real-and-argentine-peso-pairs\">Argentina<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hits-record-high-in-brazilian-real-and-argentine-peso-pairs\">Brazil<\/a>, Sudan, Angola, Venezuela and Zambia.<\/li>\n<\/ul>\n<\/div>\n<h2>Market sentiment and correlations<\/h2>\n<div class=\"review_single_blk\">\n<p>The cryptocurrency \u201cfear and greed index\u201d was steadily rising, signaling optimism in the market and higher volatility. The average for October was 57.1 (September 46.9).<\/p>\n<\/div>\n<div class=\"reviews_has_two_thirds\">\n<div class=\"review_single_blk\">\n<div id=\"attachment_115801\" style=\"width: 1506px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115801\" class=\"size-full wp-image-115801\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2679.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1496\" height=\"788\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2679.png 1496w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2679-300x158.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2679-1024x539.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2679-768x405.png 768w\" sizes=\"auto, (max-width: 1496px) 100vw, 1496px\" \/><\/p>\n<p id=\"caption-attachment-115801\" class=\"wp-caption-text\">Dynamics of \u201cFear and Greed Index\u201d in October 2020. Data: alternative.me.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_single_blk\">\n<div id=\"attachment_115802\" style=\"width: 692px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115802\" class=\"size-full wp-image-115802\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2654.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"682\" height=\"798\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2654.png 682w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2654-256x300.png 256w\" sizes=\"auto, (max-width: 682px) 100vw, 682px\" \/><\/p>\n<p id=\"caption-attachment-115802\" class=\"wp-caption-text\">Data as of 1.11.2020.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Trading volume<\/h2>\n<div class=\"review_single_blk\">\n<div id=\"attachment_115822\" style=\"width: 2316px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115822\" class=\"size-full wp-image-115822\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2612-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"2306\" height=\"1092\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2612-1-1.png 2306w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2612-1-1-300x142.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2612-1-1-1024x485.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2612-1-1-768x364.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2612-1-1-1536x727.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2612-1-1-2048x970.png 2048w\" sizes=\"auto, (max-width: 2306px) 100vw, 2306px\" \/><\/p>\n<p id=\"caption-attachment-115822\" class=\"wp-caption-text\">Trading volume (spot), USD bln. Data: CryptoCompare.<\/p>\n<\/div>\n<p>Despite Bitcoin&#8217;s rise, trading volume on cryptocurrency exchanges in October fell by 42%. The aggregated figure across leading platforms stood at $90.4 billion, down from $156 billion in September.<\/p>\n<\/div>\n<div class=\"review_single_blk\">\n<div class=\"reviews_has_halves\">\n<div class=\"review_half\">\n<div id=\"attachment_115824\" style=\"width: 1140px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115824\" class=\"size-full wp-image-115824\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2614-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1130\" height=\"512\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2614-1-1.png 1130w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2614-1-1-300x136.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2614-1-1-1024x464.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2614-1-1-768x348.png 768w\" sizes=\"auto, (max-width: 1130px) 100vw, 1130px\" \/><\/p>\n<p id=\"caption-attachment-115824\" class=\"wp-caption-text\">Trading volume of Bitcoin and Ethereum futures. Data: skew.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115825\" style=\"width: 1138px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115825\" class=\"size-full wp-image-115825\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2615-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1128\" height=\"512\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2615-1-1.png 1128w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2615-1-1-300x136.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2615-1-1-1024x465.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2615-1-1-768x349.png 768w\" sizes=\"auto, (max-width: 1128px) 100vw, 1128px\" \/><\/p>\n<p id=\"caption-attachment-115825\" class=\"wp-caption-text\">Trading volume of Bitcoin and Ethereum options. Data: skew<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"inner\">\n<div class=\"post_content\">\n<div class=\"review_single_blk\">\n<h2>Stablecoins<\/h2>\n<div class=\"reviews_has_thirds\">\n<div class=\"review_third\">\n<div id=\"attachment_115857\" style=\"width: 744px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115857\" class=\"size-full wp-image-115857\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2685.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"734\" height=\"402\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2685.png 734w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2685-300x164.png 300w\" sizes=\"auto, (max-width: 734px) 100vw, 734px\" \/><\/p>\n<p id=\"caption-attachment-115857\" class=\"wp-caption-text\">Market capitalization of stablecoins. Data: Messari.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_third\">\n<div id=\"attachment_115859\" style=\"width: 790px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115859\" class=\"size-full wp-image-115859\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2625-2.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"780\" height=\"426\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2625-2.png 780w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2625-2-300x164.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2625-2-768x419.png 768w\" sizes=\"auto, (max-width: 780px) 100vw, 780px\" \/><\/p>\n<p id=\"caption-attachment-115859\" class=\"wp-caption-text\">Top-5 stablecoins by market cap, millions $. Data: Messari.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_third\">\n<div id=\"attachment_115860\" style=\"width: 742px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115860\" class=\"size-full wp-image-115860\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2626-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"732\" height=\"430\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2626-1-1.png 732w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2626-1-1-300x176.png 300w\" sizes=\"auto, (max-width: 732px) 100vw, 732px\" \/><\/p>\n<p id=\"caption-attachment-115860\" class=\"wp-caption-text\">Number of stablecoin transactions. Data: Messari, Coin Metrics.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<ul>\n<li>Capitalization of stablecoins reached $22.4 billion. In October Tether issued an additional $600 million USDT. USDC capitalization is approaching $3 billion, and the DAI metric surpassed $1 billion. Binance\u2019s BUSD is gaining popularity \u2014 its capitalization grew 42% in the month to $710 million. Tether\u2019s share in the segment fell from 77.9% to 74.5%.<\/li>\n<li>In the first two dec-ades of October, amid Bitcoin\u2019s rise above $13,000, there was a significant rise in USDT transactions. After Oct 21 on-chain activity normalized. The number of USDC transactions in the month rose 31%.<\/li>\n<\/ul>\n<\/div>\n<h2>P2P segment<\/h2>\n<div class=\"review_single_blk\">\n<div class=\"reviews_has_halves\">\n<div class=\"review_half\">\n<div id=\"attachment_115867\" style=\"width: 1114px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115867\" class=\"size-full wp-image-115867\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2628-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1104\" height=\"510\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2628-1-1.png 1104w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2628-1-1-300x139.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2628-1-1-1024x473.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2628-1-1-768x355.png 768w\" sizes=\"auto, (max-width: 1104px) 100vw, 1104px\" \/><\/p>\n<p id=\"caption-attachment-115867\" class=\"wp-caption-text\">1 Volume on LocalBitcoins P2P platform in 2020, mln $. Data: coin.dance.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115868\" style=\"width: 1138px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115868\" class=\"size-full wp-image-115868\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2627-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1128\" height=\"510\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2627-1-1.png 1128w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2627-1-1-300x136.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2627-1-1-1024x463.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2627-1-1-768x347.png 768w\" sizes=\"auto, (max-width: 1128px) 100vw, 1128px\" \/><\/p>\n<p id=\"caption-attachment-115868\" class=\"wp-caption-text\">Volume of trades on the Paxful P2P platform in 2020, mln $. Data: coin.dance.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"inner\">\n<div class=\"post_content\">\n<div class=\"review_single_blk\">\n<h2>Mining, hash rate, miners\u2019 revenue<\/h2>\n<div class=\"reviews_has_halves\">\n<div class=\"review_half\">\n<div id=\"attachment_115870\" style=\"width: 1140px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115870\" class=\"size-full wp-image-115870\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2631-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1130\" height=\"582\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2631-1-1.png 1130w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2631-1-1-300x155.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2631-1-1-1024x527.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2631-1-1-768x396.png 768w\" sizes=\"auto, (max-width: 1130px) 100vw, 1130px\" \/><\/p>\n<p id=\"caption-attachment-115870\" class=\"wp-caption-text\">Average Bitcoin- and Ethereum-transaction fees (mol $). Data: Blockchair.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115871\" style=\"width: 1140px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115871\" class=\"size-full wp-image-115871\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2632-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1130\" height=\"506\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2632-1-1.png 1130w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2632-1-1-300x134.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2632-1-1-1024x459.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2632-1-1-768x344.png 768w\" sizes=\"auto, (max-width: 1130px) 100vw, 1130px\" \/><\/p>\n<p id=\"caption-attachment-115871\" class=\"wp-caption-text\">Dynamics of the share of fees in Bitcoin- and Ethereum-miners\u2019 revenues. Data: Coin Metrics.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>In October, Bitcoin network fees rose sharply \u2014 the average crossed $13 by October 30. The last time such levels were seen was January 2018. Over the same period, Ethereum\u2019s average fee declined by more than half. This is likely linked to cooling DeFi activity and lower transaction demand for USDT.<\/p>\n<p>The trend toward lower fees in Ethereum miner revenues has been evident since mid-September. In October, Bitcoin miners saw a reversal in this trend.<\/p>\n<\/div>\n<div class=\"review_single_blk\">\n<div class=\"reviews_has_halves stretch\">\n<div class=\"review_half\">\n<div id=\"attachment_115879\" style=\"width: 918px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115879\" class=\"size-full wp-image-115879\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"908\" height=\"628\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687.png 908w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687-300x207.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687-768x531.png 768w\" sizes=\"auto, (max-width: 908px) 100vw, 908px\" \/><\/p>\n<p id=\"caption-attachment-115879\" class=\"wp-caption-text\">Share of the largest pools in Bitcoin hash rate. Data: BTC.com as of 1.11.2020.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115880\" style=\"width: 1100px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115880\" class=\"size-full wp-image-115880\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1090\" height=\"516\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673.png 1090w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673-300x142.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673-1024x485.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673-768x364.png 768w\" sizes=\"auto, (max-width: 1090px) 100vw, 1090px\" \/><\/p>\n<p id=\"caption-attachment-115880\" class=\"wp-caption-text\">Ethereum miners\u2019 revenues and their structure (mln $). Data: Coin Metrics.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>In October, Bitcoin miners\u2019 total revenues from transaction fees rose 63%. Ethereum miners\u2019 fee-based revenues, conversely, fell 66%. Bitcoin miners\u2019 total revenue in October was $352.7 million \u2014 up 8% from September. Ethereum miners earned $214.3 million in October \u2014 down 33% from the previous month.<\/p>\n<\/div>\n<div class=\"review_single_blk\">\n<div class=\"reviews_has_halves\">\n<div class=\"review_half\">\n<div id=\"attachment_115876\" style=\"width: 1140px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115876\" class=\"size-full wp-image-115876\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1130\" height=\"540\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1.png 1130w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1-300x143.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1-1024x489.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1-768x367.png 768w\" sizes=\"auto, (max-width: 1130px) 100vw, 1130px\" \/><\/p>\n<p id=\"caption-attachment-115876\" class=\"wp-caption-text\">Hashrate dynamics of Bitcoin, Eh\/s. Data: Glassnode.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115877\" style=\"width: 1138px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115877\" class=\"size-full wp-image-115877\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1128\" height=\"592\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1.png 1128w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1-300x157.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1-1024x537.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1-768x403.png 768w\" sizes=\"auto, (max-width: 1128px) 100vw, 1128px\" \/><\/p>\n<p id=\"caption-attachment-115877\" class=\"wp-caption-text\">Mining difficulty for Bitcoin. Data: Blockchair.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>At the end of October, Bitcoin\u2019s hash rate fell about a quarter amid the end of the drought season in Sichuan, but it soon recovered. Monthly hash rate rose by 4.13%. Bitcoin\u2019s mining difficulty rose by 3.53% during October.<\/p>\n<\/div>\n<div class=\"reviews_has_halves stretch\">\n<div class=\"review_half\">\n<div class=\"review_single_blk\">\n<div id=\"attachment_115879\" style=\"width: 918px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115879\" class=\"size-full wp-image-115879\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"908\" height=\"628\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687.png 908w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687-300x207.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687-768x531.png 768w\" sizes=\"auto, (max-width: 908px) 100vw, 908px\" \/><\/p>\n<p id=\"caption-attachment-115879\" class=\"wp-caption-text\">Share of the largest pools in Bitcoin hash rate. Data: BTC.com as of 1.11.2020.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115880\" style=\"width: 1100px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115880\" class=\"size-full wp-image-115880\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1090\" height=\"516\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673.png 1090w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673-300x142.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673-1024x485.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673-768x364.png 768w\" sizes=\"auto, (max-width: 1090px) 100vw, 1090px\" \/><\/p>\n<p id=\"caption-attachment-115880\" class=\"wp-caption-text\">Bitcoin miners\u2019 revenues and their structure (mln $). Data: Coin Metrics.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Revenue of Bitcoin miners from transaction fees rose 63% in October. Ethereum miners\u2019 fee revenue declined 66%. Bitcoin miners\u2019 total revenue in October was $352.7 million, up 8% from September. Ethereum miners earned $214.3 million in October, down 33% from a month earlier.<\/p>\n<\/div>\n<div class=\"review_single_blk\">\n<div class=\"reviews_has_halves\">\n<div class=\"review_half\">\n<div id=\"attachment_115876\" style=\"width: 1140px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115876\" class=\"size-full wp-image-115876\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1130\" height=\"540\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1.png 1130w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1-300x143.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1-1024x489.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2634-1-1-768x367.png 768w\" sizes=\"auto, (max-width: 1130px) 100vw, 1130px\" \/><\/p>\n<p id=\"caption-attachment-115876\" class=\"wp-caption-text\">Bitcoin hashrate dynamics, Eh\/s. Data: Glassnode.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115877\" style=\"width: 1138px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115877\" class=\"size-full wp-image-115877\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1128\" height=\"592\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1.png 1128w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1-300x157.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1-1024x537.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2633-1-1-768x403.png 768w\" sizes=\"auto, (max-width: 1128px) 100vw, 1128px\" \/><\/p>\n<p id=\"caption-attachment-115877\" class=\"wp-caption-text\">Mining difficulty of Bitcoin. Data: Blockchair.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>By the end of October, Bitcoin\u2019s hashrate dipped about a quarter amid the Sichuan drought season\u2019s end, but quickly recovered. The month\u2019s hashrate growth stood at 4.13%. Bitcoin mining difficulty rose by 3.53% in October.<\/p>\n<\/div>\n<div class=\"reviews_has_halves stretch\">\n<div class=\"review_half\">\n<div class=\"review_single_blk\">\n<div id=\"attachment_115879\" style=\"width: 918px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115879\" class=\"size-full wp-image-115879\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"908\" height=\"628\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687.png 908w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687-300x207.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2687-768x531.png 768w\" sizes=\"auto, (max-width: 908px) 100vw, 908px\" \/><\/p>\n<p id=\"caption-attachment-115879\" class=\"wp-caption-text\">Share of the largest pools in Bitcoin hash rate. Data: BTC.com as of 1.11.2020.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115880\" style=\"width: 1100px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115880\" class=\"size-full wp-image-115880\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1090\" height=\"516\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673.png 1090w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673-300x142.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673-1024x485.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2673-768x364.png 768w\" sizes=\"auto, (max-width: 1090px) 100vw, 1090px\" \/><\/p>\n<p id=\"caption-attachment-115880\" class=\"wp-caption-text\">Bitcoin miners\u2019 revenues and their structure (mln $). Data: Coin Metrics.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>In October, revenues of Bitcoin miners from transaction fees rose 63%. Ethereum miners\u2019 fee revenues, on the other hand, fell 66%. Bitcoin miners\u2019 total revenue in October amounted to $352.7 million \u2014 up 8% from September. Ethereum miners earned $214.3 million in October \u2014 33% less than a month earlier.<\/p>\n<\/div>\n<div class=\"review_single_blk\">\n<div class=\"reviews_has_halves\">\n<div class=\"review_half\">\n<div id=\"attachment_115883\" style=\"width: 1138px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115883\" class=\"size-full wp-image-115883\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2718.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1128\" height=\"618\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2718.png 1128w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2718-300x164.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2718-1024x561.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2718-768x421.png 768w\" sizes=\"auto, (max-width: 1128px) 100vw, 1128px\" \/><\/p>\n<p id=\"caption-attachment-115883\" class=\"wp-caption-text\">Bitcoin price and the dynamics of centralized exchange balances, thousands BTC. Data: Yahoo Finance, Glassnode.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115884\" style=\"width: 1138px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115884\" class=\"size-full wp-image-115884\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2719.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1128\" height=\"618\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2719.png 1128w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2719-300x164.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2719-1024x561.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2719-768x421.png 768w\" sizes=\"auto, (max-width: 1128px) 100vw, 1128px\" \/><\/p>\n<p id=\"caption-attachment-115884\" class=\"wp-caption-text\">Ethereum: exchange balances and share of supply ETH deployed in smart contracts. Data: Glassnode.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<ul>\n<li>There was a noticeable rise in the number of addresses with balance over 1000 BTC: year-to-date up 4.7%, October up 1%. This could signal interest from large players adopting Buy&#038;Hold strategies.<\/li>\n<li>From the beginning of the year, Ethereum addresses with \u2265 32 ETH rose 14%, October +1.77%. This indicates market participants\u2019 interest in staking in the ETH2 ecosystem, where Proof-of-Stake will be used.<\/li>\n<\/ul>\n<\/div>\n<div class=\"review_single_blk\">\n<div class=\"reviews_has_halves\">\n<div class=\"review_half\">\n<div id=\"attachment_115888\" style=\"width: 1138px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115888\" class=\"size-full wp-image-115888\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2692.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1128\" height=\"616\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2692.png 1128w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2692-300x164.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2692-1024x559.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2692-768x419.png 768w\" sizes=\"auto, (max-width: 1128px) 100vw, 1128px\" \/><\/p>\n<p id=\"caption-attachment-115888\" class=\"wp-caption-text\">Etheruem: exchange balances and share of ETH supply deployed in smart contracts. Data: Glassnode.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div id=\"attachment_115889\" style=\"width: 1140px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-115889\" class=\"size-full wp-image-115889\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2693.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"1130\" height=\"620\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2693.png 1130w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2693-300x165.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2693-1024x562.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Group-2693-768x421.png 768w\" sizes=\"auto, (max-width: 1130px) 100vw, 1130px\" \/><\/p>\n<p id=\"caption-attachment-115889\" class=\"wp-caption-text\">On-chain activity in Bitcoin and Ethereum ecosystems. Data: Coin Metrics.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<ul>\n<li>In October, there continued outflows of Bitcoin from centralized exchanges. The concentration of ETH on DeFi smart contracts eased slightly, where roughly 17% of the asset\u2019s supply is deployed.<\/li>\n<li>On-chain activity in the Bitcoin ecosystem rose significantly in terms of value moved on-chain, while Ethereum activity declined (excluding ERC standards tokens). This affected blockchain congestion and transaction fees.<\/li>\n<\/ul>\n<\/div>\n<div class=\"review_single_blk has_map review_2_map\">\n<h2>CBDC race around the world<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2644-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"2350\" height=\"1223\"><\/p>\n<div class=\"country_blk\" data-blk=\"1\">Bank of Canada <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-canada-posts-vacancy-for-economist-in-digital-currencies\">opened<\/a> vacancies for a digital currencies economist. The regulator <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-canada-urges-countries-to-coordinate-cbdc-development-approaches\">called<\/a> on other countries to coordinate approaches to development.<\/div>\n<div class=\"country_blk\" data-blk=\"2\">US Treasury <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-treasury-begins-study-of-digital-currencies-and-blockchain\">began<\/a> studying possibilities of digital currencies and blockchain. Fed Chair Jerome Powell also <a href=\"https:\/\/u1f987.com\/en\/news\/fed-chair-for-the-united-states-getting-the-digital-currency-right-matters-more-than-being-first\">stated<\/a> that it is important not to rush CBDC, but to do it right.<\/div>\n<div class=\"country_blk\" data-blk=\"3\">Bahamas <a href=\"https:\/\/u1f987.com\/en\/news\/bahamas-rolls-out-sovereign-digital-currency\">launched<\/a> the Sand Dollar national digital currency.<\/div>\n<div class=\"country_blk\" data-blk=\"4\">Sweden\u2019s central bank governor <a href=\"https:\/\/u1f987.com\/en\/news\/governor-of-the-sveriges-riksbank-urges-parliament-to-grant-the-digital-krona-the-status-of-legal-tender\">urged<\/a> Parliament to grant the digital crown the status of a payment instrument.<\/div>\n<div class=\"country_blk\" data-blk=\"5\">ECB <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-files-for-trademark-registration-of-digital-euro\">filed<\/a> for a trademark &#8220;digital euro&#8221; and <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-steps-up-work-on-digital-euro\">published<\/a> a report on possible release of a digital euro. Then the ECB <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-outlines-use-cases-for-the-digital-euro\">outlined<\/a> key CBDC use-case scenarios.<\/div>\n<div class=\"country_blk\" data-blk=\"6\">Banco de Espa\u00f1a <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-spain-includes-cbdc-in-its-priority-research-agenda\">included<\/a> CBDC in the list of priority research areas.<\/div>\n<div class=\"country_blk\" data-blk=\"7\">Bank for International Settlements and seven central banks <a href=\"https:\/\/u1f987.com\/en\/news\/bis-and-seven-central-banks-outline-core-cbdc-requirements\">defined<\/a> core requirements for CBDC.<\/div>\n<div class=\"country_blk\" data-blk=\"8\">Switzerland and BIS <a href=\"https:\/\/u1f987.com\/en\/news\/swiss-central-bank-and-bis-to-begin-cbdc-testing\">will begin<\/a> CBDC testing.<\/div>\n<div class=\"country_blk\" data-blk=\"9\">Estonian central bank <a href=\"https:\/\/u1f987.com\/en\/news\/estonian-central-bank-to-conduct-research-into-digital-currencies\">announced<\/a> a study on digital currencies.<\/div>\n<div class=\"country_blk\" data-blk=\"10\">Central Bank of Kenya <a href=\"https:\/\/u1f987.com\/en\/news\/kenyas-central-bank-weighs-issuing-a-cbdc\">mooted<\/a> a CBDC issuance.<\/div>\n<div class=\"country_blk\" data-blk=\"11\">Bank of Russia <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-weighs-possibility-of-creating-a-digital-ruble\">included<\/a> the possibility of a digital ruble. Later, the chairwoman of the Bank of Russia Elvira Nabiullina <a href=\"https:\/\/u1f987.com\/en\/news\/nabiullina-outlines-indicative-timeline-for-digital-ruble-launch\">named<\/a> indicative launch timelines for a pilot program and said CBDC could <a href=\"https:\/\/u1f987.com\/en\/news\/nabiullina-the-digital-ruble-could-affect-banks-business-models\">affect<\/a> banks\u2019 business models. Several commercial banks expressed interest in participating in testing.<\/div>\n<div class=\"country_blk\" data-blk=\"12\">Bank of Korea <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-korea-to-launch-final-stage-of-cbdc-testing-in-2021\">will launch<\/a> the final testing stage of the digital won in 2021.<\/div>\n<div class=\"country_blk\" data-blk=\"13\">Bank of Japan stated that the feasibility of developing a digital currency <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-japan-sets-condition-for-issuing-a-digital-currency\">will be determined<\/a> by the public.<\/div>\n<div class=\"country_blk\" data-blk=\"14\">In China <a href=\"#china_cbdc\">the first distribution<\/a> of digital yuan took place.<\/div>\n<div class=\"country_blk\" data-blk=\"15\">RBNZ <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-canada-urges-countries-to-coordinate-cbdc-development-approaches\">announced<\/a> research into CBDC.<\/div>\n<\/div>\n<div class=\"review_single_blk has_map review_2_map m\">\n<h2>CBDC race around the world<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116153\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2719.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"265\" height=\"211\"><\/p>\n<div class=\"country_blk\" data-blk=\"1\">Bank of Canada <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-canada-posts-vacancy-for-economist-in-digital-currencies\">opened<\/a> vacancies for a digital currencies economist. The regulator <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-canada-urges-countries-to-coordinate-cbdc-development-approaches\">called<\/a> on other countries to coordinate approaches to development.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-112817\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2663.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"294\" height=\"210\"><\/p>\n<div class=\"country_blk\" data-blk=\"2\">US Treasury <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-treasury-begins-study-of-digital-currencies-and-blockchain\">began<\/a> studying possibilities of digital currencies and blockchain. Fed Chair Jerome Powell <a href=\"https:\/\/u1f987.com\/en\/news\/fed-chair-for-the-united-states-getting-the-digital-currency-right-matters-more-than-being-first\">stated<\/a> that the important thing is not to rush a CBDC launch, but to do it correctly.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116155\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2720.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"55\" height=\"124\"><\/p>\n<div class=\"country_blk\" data-blk=\"3\">Bahamas <a href=\"https:\/\/u1f987.com\/en\/news\/bahamas-rolls-out-sovereign-digital-currency\">launched<\/a> the Sand Dollar national digital currency.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116158\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2723.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"80\" height=\"162\"><\/p>\n<div class=\"country_blk\" data-blk=\"4\">Sweden\u2019s central bank governor <a href=\"https:\/\/u1f987.com\/en\/news\/governor-of-the-sveriges-riksbank-urges-parliament-to-grant-the-digital-krona-the-status-of-legal-tender\">urged<\/a> Parliament to grant digital crown the status of a payment instrument.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-112815\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2661.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"254\" height=\"201\"><\/p>\n<div class=\"country_blk\" data-blk=\"5\">ECB <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-files-for-trademark-registration-of-digital-euro\">filed<\/a> for a trademark &#8220;digital euro&#8221; and <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-steps-up-work-on-digital-euro\">published<\/a> a report on possible release of a digital euro. Then in the ECB <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-outlines-use-cases-for-the-digital-euro\">named<\/a> the main CBDC use-case scenarios.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116159\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2722.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"151\" height=\"141\"><\/p>\n<div class=\"country_blk\" data-blk=\"6\">Spain\u2019s central bank <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-spain-includes-cbdc-in-its-priority-research-agenda\">included<\/a> CBDC in the priory research list.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116169\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2734-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"115\" height=\"135\"><\/p>\n<div class=\"country_blk\" data-blk=\"7\">BIS and seven central banks <a href=\"https:\/\/u1f987.com\/en\/news\/bis-and-seven-central-banks-outline-core-cbdc-requirements\">defined<\/a> CBDC core requirements.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-112816\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2662.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"114\" height=\"102\"><\/p>\n<div class=\"country_blk\" data-blk=\"8\">Swiss National Bank and BIS <a href=\"https:\/\/u1f987.com\/en\/news\/swiss-central-bank-and-bis-to-begin-cbdc-testing\">will begin<\/a> CBDC testing.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116162\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2726.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"133\" height=\"103\"><\/p>\n<div class=\"country_blk\" data-blk=\"9\">Estonian central bank <a href=\"https:\/\/u1f987.com\/en\/news\/estonian-central-bank-to-conduct-research-into-digital-currencies\">announced<\/a> a research into digital currencies.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116163\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2721.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"103\" height=\"142\"><\/p>\n<div class=\"country_blk\" data-blk=\"10\">Central Bank of Kenya <a href=\"https:\/\/u1f987.com\/en\/news\/kenyas-central-bank-weighs-issuing-a-cbdc\">mooted<\/a> a CBDC issuance.<\/div>\n<div class=\"country_blk\" data-blk=\"11\">Bank of Russia <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-weighs-possibility-of-creating-a-digital-ruble\">allowed<\/a> for a digital ruble. Later, BoR chair Elvira Nabiullina <a href=\"https:\/\/u1f987.com\/en\/news\/nabiullina-outlines-indicative-timeline-for-digital-ruble-launch\">named<\/a> indicative launch timelines for a pilot program and said CBDC could <a href=\"https:\/\/u1f987.com\/en\/news\/nabiullina-the-digital-ruble-could-affect-banks-business-models\">affect<\/a> banks\u2019 business models. Several commercial banks expressed interest in participating in testing.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116164\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2727.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"62\" height=\"117\"><\/p>\n<div class=\"country_blk\" data-blk=\"12\">Bank of Korea <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-korea-to-launch-final-stage-of-cbdc-testing-in-2021\">will launch<\/a> final CBDC test stage in 2021.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116166\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2735.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"94\" height=\"93\"><\/p>\n<div class=\"country_blk\" data-blk=\"13\">Bank of Japan said feasibility of digital currency will be defined by the public.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-112816\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2662.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"114\" height=\"102\"><\/p>\n<div class=\"country_blk\" data-blk=\"14\">In China <a href=\"#china_cbdc\">the first distribution<\/a> of digital yuan occurred.<\/div>\n<div class=\"country_blk\" data-blk=\"15\">New Zealand\u2019s central bank <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-canada-urges-countries-to-coordinate-cbdc-development-approaches\">reported<\/a> CBDC research.<\/div>\n<\/div>\n<div class=\"or_custom_dex review_timelines nobg\">\n<div class=\"inner\">\n<div class=\"post_content\">\n<h2 id=\"china_cbdc\">China leads the CBDC race<\/h2>\n<div class=\"review_single_timeline_blk first\">\n<div class=\"timeline_axis\"><\/div>\n<p class=\"timeline_tooltip\" data-num=\"1\"><strong>1<\/strong>The PBOC\u2019s first report in early October <a href=\"https:\/\/u1f987.com\/en\/news\/china-tests-digital-yuan-in-162m-pilot-transactions\">reported<\/a> processing 3.13 million transactions for 1.1 billion yuan (~$162 million) in digital yuan (DCEP). By month\u2019s end it <a href=\"https:\/\/u1f987.com\/en\/news\/pboc-governor-reports-4-million-digital-yuan-transactions\">had processed<\/a> more than 4 million transactions worth over 2 billion yuan (~$299 million). This remains a test phase.<\/p>\n<p class=\"timeline_tooltip right\" data-num=\"2\"><strong>2<\/strong>On 8 October, Shenzhen authorities <a href=\"https:\/\/u1f987.com\/en\/news\/china-announces-first-public-distribution-of-digital-yuan\">announced<\/a> the first distribution of digital currency among 50,000 residents of the Luohu district, which <a href=\"https:\/\/u1f987.com\/en\/news\/digital-yuan-airdrop-drew-nearly-2-million-people\">attracted<\/a> almost 2 million people. 50,000 bounty participants received 200 yuan each (~$29.5), to be spent from 12 to 18 October in 3389 points of sale.<\/p>\n<p class=\"timeline_tooltip\" data-num=\"3\"><strong>3<\/strong>As part of the pilot project, support for the digital yuan <a href=\"https:\/\/u1f987.com\/en\/news\/shenzhen-gas-stations-start-accepting-the-digital-yuan\">was implemented<\/a> at 11 gas stations in Shenzhen.<\/p>\n<p class=\"timeline_tooltip right\" data-num=\"4\"><strong>4<\/strong>47,573 of the 50,000 lottery winners (95%) spent the funds, <a href=\"https:\/\/u1f987.com\/en\/news\/95-of-shenzhen-red-envelope-lottery-winners-spent-their-digital-yuan-prize\">settling<\/a> 62,788 transactions for a total of 8.8 million yuan (~$1.3 million).<\/p>\n<p class=\"timeline_tooltip\" data-num=\"5\"><strong>5<\/strong>In October there were reports of readiness to test offline payments and limited anonymity of transactions in the digital yuan, where records do not reflect a merchant. By month\u2019s end Huawei <a href=\"https:\/\/u1f987.com\/en\/news\/huawei-adds-digital-yuan-support-to-its-mate-40-smartphone\">announced<\/a> support for DCEP in the Mate 40\u2019s built-in hardware wallet, enabling offline payments.<\/p>\n<p class=\"timeline_tooltip right\" data-num=\"6\"><strong>6<\/strong>The PBOC <a href=\"https:\/\/u1f987.com\/en\/news\/peoples-bank-of-china-warns-of-counterfeit-wallets-for-the-digital-yuan\">announced<\/a> the appearance of fake wallets for the digital yuan and <a href=\"https:\/\/u1f987.com\/en\/news\/pboc-to-ban-yuan-pegged-tokens\">made<\/a> changes to legislation aimed at fighting the release of tokens based on DCEP.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"inner\">\n<div class=\"post_content\">\n<h2>Key regional events<\/h2>\n<div class=\"reviews_has_halves stretch\">\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-81142\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"105\" height=\"79\"><\/p>\n<ul>\n<li>Russian Prime Minister Mikhail Mishustin <a href=\"https:\/\/u1f987.com\/en\/news\/mishustin-says-bitcoin-threatens-the-financial-system\">believes<\/a> cryptocurrencies and stablecoins threaten the stability of the existing financial system. The head of the State Duma committee on financial markets Anatoly Aksakov <a href=\"https:\/\/u1f987.com\/en\/news\/aksakov-critics-of-cryptocurrencies-see-risks-to-the-financial-system-and-citizens\">stated<\/a> that the authorities do not oppose blockchain, but have <a href=\"https:\/\/u1f987.com\/en\/news\/aksakov-sees-no-future-for-bitcoin\">not seen<\/a> a future in Bitcoin.<\/li>\n<li>The Bank of Russia <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-proposes-limits-on-digital-asset-purchases-by-non-qualified-investors\">proposed<\/a> restricting the purchase of digital assets for non-qualified investors.<\/li>\n<li>From 2021, officials in Russia will <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoins-to-be-declared-by-russian-officials\">declare<\/a> savings and crypto-derived income.<\/li>\n<li>Cryptocurrencies <a href=\"https:\/\/u1f987.com\/en\/news\/cryptocurrencies-enter-the-top-five-among-russian-investors-ahead-of-gold\">entered<\/a> the top 5 popular tools among Russian investors, surpassing gold.<\/li>\n<li>Authorities in <strong>Buriyatia<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/authorities-in-buryatia-approve-construction-of-a-mining-centre\">approved<\/a> the construction of a mining center.<\/li>\n<li>At a closed Norilsk plant of North Nickel <a href=\"https:\/\/u1f987.com\/en\/news\/bitcluster-opens-mining-centre-on-nornickel-site\">a mining center was opened<\/a> on site.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-81141\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"106\" height=\"80\"><\/p>\n<ul>\n<li>The Committee of the Verkhovna Rada of Ukraine <a href=\"https:\/\/u1f987.com\/en\/news\/verkhovna-rada-committee-backs-bill-on-virtual-assets\">supported<\/a> the draft law \u201cOn Virtual Assets.\u201d<\/li>\n<li>Bitfury Holding BV and state enterprise Energoatom <a href=\"https:\/\/u1f987.com\/en\/news\/bitfury-signs-deal-to-build-mining-centre-in-ukraine\">signed<\/a> a memorandum on building data centers on Ukrainian nuclear power plant sites. The first one <a href=\"https:\/\/u1f987.com\/en\/news\/bitfury-selects-site-for-ukrainian-data-center-at-a-nuclear-power-plant\">will appear<\/a> in the Rivne region at the local nuclear power plant.<\/li>\n<li>Experts <a href=\"https:\/\/u1f987.com\/en\/news\/experts-criticise-miner-focused-amendments-to-ukraines-energy-legislation\">criticized<\/a> the proposed amendments to legislation in Ukraine aimed at large miners.<\/li>\n<\/ul>\n<\/div>\n<div class=\"review_single_blk has_region has_top_divider\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116085\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame-4-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"105\" height=\"79\"><\/p>\n<ul>\n<li>Authorities in <strong>Kyrgyzstan<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/kyrgyz-authorities-discuss-blockchain-based-voting-system\">discussed<\/a> blockchain introduction in the voting system.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2>Key regulatory events<\/h2>\n<div class=\"reviews_has_halves stretch has_golden_strong\">\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116090\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"104\" height=\"79\"><\/p>\n<ul>\n<li>Regulator <strong>UK<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/uk-regulator-bans-sale-of-cryptocurrency-derivatives-to-retail-investors\">banned<\/a> retail investors from trading crypto derivatives.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116091\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame-5.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"105\" height=\"79\"><\/p>\n<ul>\n<li>The Swiss Finance Ministry <a href=\"https:\/\/u1f987.com\/en\/news\/switzerland-to-implement-a-legal-framework-for-blockchain-regulation-in-2021\">began<\/a> implementing a legal framework for regulating blockchain and crypto industry at the state level in August 2021.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_golden_strong\">\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116093\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame-6.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"96\" height=\"70\"><\/p>\n<ul>\n<li>Authorities in <strong>Spain<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/spain-to-require-cryptocurrency-investors-to-disclose-their-assets\">will require<\/a> investors to disclose crypto assets.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116095\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2708.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"104\" height=\"79\"><\/p>\n<ul>\n<li>FSB <strong>G20<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/g20-financial-regulator-refines-recommendations-for-regulating-stablecoins\">published<\/a> final recommendations on regulation, supervision and control of stablecoins.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_golden_strong\">\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116098\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"95\" height=\"69\"><\/p>\n<ul>\n<li>Authorities in <strong>USA<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/us-authorities-flag-risks-associated-with-anonymous-cryptocurrencies\">pointed<\/a> to risks associated with anonymous cryptocurrencies.<\/li>\n<li>Crypto industry participants in <strong>USA<\/strong> <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-crypto-industry-players-unveil-plan-to-implement-fatf-requirements\">presented<\/a> a plan to implement FATF requirements.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116100\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame-7-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"103\" height=\"78\"><\/p>\n<ul>\n<li>New Zealand authorities <a href=\"https:\/\/u1f987.com\/en\/news\/new-zealand-tax-authority-obliges-crypto-firms-to-report-clients-assets\">obliged<\/a> crypto firms to report customer assets.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_golden_strong\">\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116093\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame-6.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"96\" height=\"70\"><\/p>\n<ul>\n<li>In the <strong>USA<\/strong> authorities <a href=\"https:\/\/u1f987.com\/en\/news\/us-authorities-flag-risks-associated-with-anonymous-cryptocurrencies\">indicated<\/a> risks surrounding anonymous crypto assets.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116095\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2708.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"104\" height=\"79\"><\/p>\n<ul>\n<li>The Financial Stability Board (FSB) <strong>published<\/strong> final recommendations on regulation, supervision and control over stablecoins.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_golden_strong\">\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116098\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"95\" height=\"69\"><\/p>\n<ul>\n<li>In <strong>USA<\/strong> authorities <a href=\"https:\/\/u1f987.com\/en\/news\/us-authorities-flag-risks-associated-with-anonymous-cryptocurrencies\">pointed<\/a> to risks, associated with anonymous cryptocurrencies.<\/li>\n<li>Participants from <strong>USA<\/strong> crypto industry <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-crypto-industry-players-unveil-plan-to-implement-fatf-requirements\">presented<\/a> plan to implement FATF requirements.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_single_blk has_region\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-116100\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame-7-1.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"103\" height=\"78\"><\/p>\n<ul>\n<li>The New Zealand authorities <a href=\"https:\/\/u1f987.com\/en\/news\/new-zealand-tax-authority-obliges-crypto-firms-to-report-clients-assets\">obliged<\/a> crypto firms to report customer assets.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_digits\">\n<div class=\"review_half\">\n<div class=\"review_single_blk has_quote s\">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Mask-Group-4.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"174\" height=\"175\">\u00abThere are no opponents of blockchain in power. This is a technology of the future; everyone understands it. Moreover, authorities will actively support, cultivate and develop it in corridors of power.\u00bb<strong>A\u043d\u0430\u0442\u043e\u043b\u0438\u0439 \u0410\u043a\u0441\u0430\u043a\u043e\u0432<\/strong><em>Chairman of the State Duma Committee on Financial Markets<\/em><\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_single_blk has_quote s\">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Mask-Group-6.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"166\" height=\"166\">\u00abDigital currency can generate value, and we must think about how to create a new type of financial system with its help\u00bb.<strong>Jack Ma<\/strong><em>Chairman of Alibaba Group<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_digits\">\n<div class=\"review_half\">\n<div class=\"review_single_blk has_quote s\">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Mask-Group-5.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"165\" height=\"165\">\u00abWe think it\u2019s more important to do this right than to be first. This means not only looking at the potential benefits of CBDC, but also at potential risks\u00bb.<strong>Jerome Powell<\/strong><em>Chair of the US Federal Reserve<\/em><\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_single_blk has_quote s\">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Mask-Group-7.png\" alt=\"\u041e\u043a\u0442\u044f\u0431\u0440\u044c 2020 \u0432 \u0446\u0438\u0444\u0440\u0430\u0445: \u0431\u0438\u0442\u043a\u043e\u0438\u043d, Ethereum, DeFi, \u0433\u043e\u043d\u043a\u0430 CBDC\" width=\"165\" height=\"165\">\u00abThey really have a sense of what true freedom for Americans and humanity will look like. They and the technologists managed to use new information channels to create the next frontier of our existence\u00bb.<strong>Kanye West<\/strong><em>Rapper and US presidential candidate<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin closed the best month since early 2018, but network fees rose above $13. DeFi tokens continued to correct, DEX volumes fell. On the upside: PayPal&#8217;s crypto support and the Filecoin launch.<\/p>\n","protected":false},"author":1,"featured_media":31606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1740,1233,1244],"class_list":["post-31605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-bitcoin-industry-in-numbers","tag-industry-digests","tag-weekly-summary"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31605"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31605\/revisions"}],"predecessor-version":[{"id":31607,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31605\/revisions\/31607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31606"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}