DAILY CRYPTO NEWS AND TOP CRYPTO EVENTS for 28th Jul 2020

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Top Crypto Events Planned for Tomorrow

1 - Cardano (ADA): Shelley Hardfork

excited for #Cardano and the upcoming #Shelley roll-out.
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2 - BitTube (TUBE): Hardfork

On July 29th, TUBE will change its proof-of-work to Cuckoo Cycle. This is not a simple hardfork.
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Some World Crypto News

1- The Web3 Foundation and Parity Technologies have raised just shy of 4,000 BTC (totaling $44 million at press time) in a thee day token sale, as first reported by CoinDesk. According to a Reddit conversation, the offering listed DOTs at $125 per token but geo-blocked certain jurisdictions from participating, including the United States. The sold token are also subject to a five-month lockup that will begin once DOT transfers go live at block #1,205,128 (estimated to arrive on Aug. 18).

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#2 - Crypto exchange FTX has announced plans to launch a decentralized exchange (DEX), called Serum, built on the Solana blockchain within the next few weeks. FTX CEO Sam Bankman-Fried and crew selected Solana over Ethereum because it’s reportedly more scalable and cost-efficient than its counterpart. But the team intends to integrate a cross-chain gateway between Serum and the Ethereum network that will provide an entry point for current DeFi users to start trading on Serum.
Serum also introduces two new tokens: a discount and staking token with limited governance capabilities called Serum (SRM) and a similar second token that allows for even steeper trading discounts dubbed MegaSerum (MSRM). One MSRM is equal to 1 million SRM stacked together. Of the 10 billion SRM supply, the Serum team and contributors kept 43% and sold 3% in a private sale that has raised ~$7 million to date. The remaining tokens will be split evenly between a collaborator fund and ecosystem incentives fund.

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