Blockchain Today Weekly Digest

7 Sept — 13 Sept

On September 14 YFI, the governance token of Yearn.finance will be listed on Coinbase Pro. The token is pretty popular and now is trading at $34,271. Its market cap is $1 billion. Read about this and other news on our Weekly Digest.

1. Yearn.finance takes steps to join Coinbase.pro

On Tuesday the users will have full trading access for YFI on Coinbase Pro. Earlier Compound’s COMP, Maker’s MKR and Band’s BAND joined the platform.

People can get YFI by staking cryptocurrency in a smart contract. The primary point of Yearn.finance is to create high amounts of interests due to made deposits and distribute the money among different DeFi lending and liquidity protocols.

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2. FTX CEO will manage the SushiSwap activities

Chef Nomi, the unknown author of the famous DeFi protocol SushiSwap, has assigned the project administration to FTX CEO Sam Bankman-Fried. Earlier, Nomi was a subject for criticism as he converted a part of SUSHI tokens reckoned to promote the advancement of SushiSwap structure, to ether (ETH).

Many users and analysts started to doubt if SushiSwap isn’t just a scam. Nomi found that the right decision in the created situation would be his exiting of the project.

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3. US Congress is nearer to the solution of crypto regularity

The House Energy And Commerce Committee has studied 38 drafts as a result of which two proposed laws referring to crypto and blockchain surveys were accepted. Accordingly, blockchain engineering will be analysed more carefully and be the object of voting in the House of Representatives.

Darren Soto, U.S. Representative for Florida’s 9th district, told that after long-lasting discussions the Digital Taxonomy Act had passed the first steps of legislation.

Read more on Blockchain Today

This was some news for the crypto events of this week. Follow us for reading our weekly digests and always be updated!