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Cryptocurrency and Blockchain News Headline Updated on 03 Aug 2020 – Ethereum, Corda, Alibaba, Amazon, and more

The headline on 03 Aug 2020

Ethereum Activity Nears Three-Year High. The number of addresses making daily transaction on the Ethereum network continues to rise. The trend towards increased user activity was previously recorded by many researchers, according to Xangle Research, De-fi in 2Q20, Analysis on Ethereum and other ERC-20 On-Chain Data.

85% of Italian Banks Use Corda Blockchain. The Corda blockchain is said to significantly speed up the verification process for interbank transfers, and it is making significant strides in Italy, Coindesk reports.

Alibaba Founder Summoned to Court in India. An Indian court has summoned representatives of Alibaba including its founder, Jack Ma. A lawsuit for wrongful dismissal was filed by an ex-employee of a subsidiary of Alibaba.

Amazon Earnings Smash Forecasts. A shift towards online shopping and digital payments boosted sales to record highs for the world’s largest company. Source: Amazon second-quarter results

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