Tagged: eth

March 16, 2021 @ 10:39 pm By Omar Faridi  |  

Proof of stake or PoS based blockchain consensus may be coming to Ethereum (ETH), the leading smart contract platform, “sooner than we think” according to a blog post published by ConsenSys, a leading distributed ledger tech (DLT) development studio based in New York. The post’s… Read More

March 16, 2021 @ 4:38 pm By Omar Faridi  |  

Nate Maddrey and the Coin Metrics Team note that on March 12, 2020, amid the growing panic over the rapid spread of the Coronavirus, the Bitcoin (BTC) price had crashed from around $8,000 to below $4,000 during just a 24-hour timeframe. Predictably, the rest of… Read More

March 9, 2021 @ 7:59 am By Omar Faridi  |  

The Berlin upgrade for the Ethereum (ETH) blockchain network is now ready to be deployed. The MyCrypto team notes that we’re moving fast with the first testnet to upgrade, Ropsten, now scheduled to update on March 10, 2021. The mainnet for this launch is scheduled… Read More

March 8, 2021 @ 6:59 pm By Omar Faridi  |  

The rollercoaster ride that is Bitcoin’s (BTC) and the wider crypto market’s latest rally has some wondering if we’re nearing a market top. However, Kraken analysts are not convinced that we’ve reached the top just yet. Kraken Intelligence, the US-based digital asset exchange’s team of… Read More

March 7, 2021 @ 12:48 pm By Omar Faridi  |  

Decentralized finance (DeFi) continues to lead the cryptocurrency market bull run, while Bitcoin  (BTC) is “holding steady” according to a report from OKEx. The exchange noted that last week’s digital assets price action may have “some of you ready to exit the roller coaster,” but… Read More

March 6, 2021 @ 4:07 pm By Omar Faridi  |  

The developers of the YIELD Fintech investment App have launched their Ethereum (ETH) fund, which will allow their users to earn as much as 20% APY on cryptocurrency’s second-biggest asset, Ether . The YIELD App team noted that this adds to their current “stable of… Read More

February 28, 2021 @ 6:34 pm By Omar Faridi  |  

Crypto exchange OKCoin confirms in a new report that Ethereum (ETH) scaling has recently seen a boost, while the total value locked in decentralized finance (DeFi) has plummeted. DeFi pulse data shows that there’s currently just under $35 billion worth of value locked in DeFi… Read More

February 25, 2021 @ 2:37 pm By Omar Faridi  |  

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

February 22, 2021 @ 10:55 pm By Omar Faridi  |  

A restaurant owner based in New York City has been trying to sell his two bars for Bitcoin (BTC), the flagship cryptocurrency. Patrick Hughes had put his side-by-side bars in Manhattan’s Hell’s Kitchen neighborhood, Scruffy Duffy’s and Hellcat Annie’s, up for sale last month. Hughes… Read More

February 16, 2021 @ 11:22 pm By Omar Faridi  |  

ZKSwap has introduced a “zero-gas” layer 2 decentralized (or non-custodial) exchange (DEX) to enhance the overall user experience.  Fully audited and reportedly backed by a $1.7 million investment, ZKSwap aims to provide a solution to Ethereum’s (ETH) network congestion. ZKSwap recently announced the Ethereum blockchain… Read More

February 16, 2021 @ 7:35 pm By Omar Faridi  |  

The developers of The Graph, which serves as an indexing protocol for “organizing and efficiently accessing” data from blockchains and storage networks, claim that the decentralized finance (DeFi) boom is just the beginning of the massive Web 3.0 innovation that’s about to take place in… Read More

February 11, 2021 @ 11:44 pm By Omar Faridi  |  

The developers of the Kyber Network (KNC), which provides a tool that allows traders to exchange tokens instantly without having to use exchanges, have published their Ecosystem Report for January 2021. As confirmed in the update, Kyber 3.0, the “most ambitious and important change” to… Read More

February 11, 2021 @ 8:02 am By Omar Faridi  |  

John Smith, who has been regularly keeping up with computer science, quantum computing, and cryptocurrency-related developments, claims that the “future of crypto” is quantum-resistant, meaning we must build systems that can protect themselves against the potential attack from quantum computers (QCs) when they become powerful… Read More

February 10, 2021 @ 8:54 pm By Omar Faridi  |  

Crypto-asset savings platform ICONFi has introduced its mobile app on Android and iOS. As confirmed in a release shared with CI, available globally, ICONFi aims to offer simple, flexible, and fixed earning products that allow investors to grow and diversify their digital asset holdings. The… Read More

February 8, 2021 @ 9:52 am By Omar Faridi  |  

Aave (AAVE), an open-source and non-custodial protocol to earn interest on deposits and borrow assets, handled $2 billion in flash loans in 2020. Aave is basically a borrowing and lending platform that supports flash loans, which are “rapidly executed loans borrowed that are paid back… Read More

February 6, 2021 @ 2:37 pm By Omar Faridi  |  

On Thursday (February 4, 2021), an unknown entity reportedly stole $2.8 million from a shared digital or online vault via the investment platform Yearn.Finance. The hacker(s) exploited the vault using Aave, a decentralized finance (DeFi) platform that lets investors make flash loans. These DeFi solutions… Read More

February 3, 2021 @ 7:53 am By Omar Faridi  |  

Existing virtual currencies are unlikely to last, according to Bank of England governor Andrew Bailey. Decentralized cryptocurrencies like Bitcoin (BTC) or Bitcoin Cash (BCH) don’t have the appropriate structure to work as a viable long-term payments method, according to Bank of England (BoE) governor Andrew… Read More

February 3, 2021 @ 1:12 am By Omar Faridi  |  

Lex Sokolin, CMO at blockchain firm ConsenSys and Co-Head of Fintech and DeFi at ConsenSys Codefi, recently engaged in a conversation with Ajit ‘Half Boomer’ Tripathi, the Head of Institutional Business at Aave (AAVE), a leading decentralized finance (DeFi) platform. 2/ We covered a lot of… Read More

February 2, 2021 @ 9:34 pm By Omar Faridi  |  

  Ethereum (ETH) held on digital asset exchanges recently hit a historic low. $ETH held on exchanges just hit an historic low. Over the past 30 days, 3.75M ETH worth $4.97 billion left exchanges, possibly for staking, DEXs or cold storage. pic.twitter.com/orkIrcgzRG — Bloqport (@Bloqport)… Read More

January 25, 2021 @ 6:17 pm By Omar Faridi  |  

Sequoia Holdings, an employee-managed and owned provider of high-end software development and engineering tools, says it will allow its workers to receive part of their salary in Bitcoin (BTC), the flagship cryptocurrency. Under the program, employees at Sequoia may choose to defer a certain percentage… Read More