Most Important Crypto News 2 August - 9 August 2020

This week's most important crypto news  This week has been full of cryptocurrency news and cryptocurrency information that is worth having a look at to keep updated.    Mastercard and VISA Could Help Increase Crypto Adoption Both Mastercard and Visa want to increase the support of crypto payment processors and drive the adoption of cryptocurrencies. This is definitely bullish for the crypto space that is now receiving support from traditional financial companies such as VISA and Mastercard.  Even on a more positive note, Wirex became the first cryptocurrency platform which got a Mastercard principal membership. More information about this here. Uniswap Trading Volumes Spike Uniswap, a popular decentralized exchange is handling an increasing volume than traditional and centralized exchanges. This week, Uniswap was able to handle more volume than Gemini and Poloniex, together. This shows there is a growing interest in using decentralized solutions.    Ethereum Classic 51% Attacks Ethereum Classic (ETC) has experienced two 51% attacks with a block reorganization. Due to this reason, exchanges had to increase ETC transaction times for deposits and withdrawals. The crypto community is also trying to find a way in order to avoid similar issues in the future.    YouTube Bans Crypto Channel YouTube has banned the channel "Altcoin Daily" claiming the videos shown encourage for illegal activities. However, a large number of crypto users and supporters explained that this is not in this way and that YouTube is using a defective algorithm to ban content that could violate their standards.    MCO Price Skyrockets Before Token Swap Program MCO token holders will now have time until November 2 to swap their MCO coins fro CRO. Due to this reason, the price of the MCO cryptocurrency surged from $4 to over $5.85 in just a few hours. Users can swap their coins using the Crypto.com app that is currency available for most smartphones.    Cardano Becomes the Second-Largest De-Fi Network after Shelley Release The release of the Shelley upgrade of the Cardano (ADA) network has pushed it towards the second position after Ethereum in terms of DeFi apps. According to Quantstamp, an auditing company considers that the recent Shelley hard fork would place it second after Ethereum in terms of smart contracts.  Ethereum Locked in DeFi Surges As Ethereum (ETH) surpassed $400 this week, the value locked in Decentralized Finance applications is up almost 30%. This shows the entire crypto market is moving forward and the DeFi space is also playing an important role in shaping the future of the crypto ecosystem.  De Cecco Pasta Works with VeChain and DNV GL  De Cecco, one of the most popular pasta producers in the world, has adopted a blockchain solution called My Care, which was built by DNV GL using the popular VeChainThor blockchain network. This is another milestone for VeChain that continues to expand in the crypto market.  Bitfinex Lists Cardano More positive news for Cardano. Bitfinex, one of the most popular exchanges in the world announced it is now supporting the ADA cryptocurrency on its spot exchange. This comes after a massive ADA rally after its Shelley hard fork a few days ago.  Goldman Sachs Plans to Launch a Stablecoin Goldman Sachs has recently announced through Matthey McDermott, the company's global head of digital assets, that they are analysing the possibility to issue a stablecoin. This would be one of the few banks in the world with an in-house developed stablecoin.    Get more news that matters

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