Tagged: eth

May 22, 2020 @ 12:32 pm By Omar Faridi  |  

The cryptocurrency market continues to recover from its mid-March 2020 lows and at the end of last month, Bitcoin (BTC) was up 22% for the year. As reported by Blockchain.com, a block explorer and crypto wallet service provider, Bitcoin has outperformed other major assets that… Read More

May 15, 2020 @ 9:08 am By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, may serve as a gateway for investors to consider buying other digital assets or “altcoins” (alternative coins). According to research conducted by San Francisco-based crypto exchange Coinbase, 60% of first-time virtual currency investors purchase Bitcoin at first. However, only 24%… Read More

May 14, 2020 @ 11:28 pm By Omar Faridi  |  

Reddit, the popular social news aggregation and discussion website, is currently testing two Ethereum-powered tokens for platform users. The blockchain-based tokens may be earned as rewards for posting content to Reddit’s online forums. The two tokens, $BRICKS and $MOONS, will be awarded to user accounts… Read More

May 14, 2020 @ 10:25 pm By Omar Faridi  |  

Andreessen Horowitz (a16z)-backed dYdX, a non-custodial cryptocurrency exchange, has confirmed the public launch of its Bitcoin (BTC) perpetual contracts market. Perpetual contracts are derivatives that are somewhat like futures contracts, however, they don’t have an expiry or fixed settlement date. Perpetual contracts closely resemble a… Read More

May 13, 2020 @ 11:49 pm By Omar Faridi  |  

The total or combined stablecoin supply reached an all-time high of around $10.4 billion on May 12, 2020. It’s notably the first time that the total market cap of all stablecoins has exceeded the $10 billion mark. According to Stablecoinindex.com data, Tether’s (USDT) market capitalization… Read More

May 13, 2020 @ 10:45 pm By Omar Faridi  |  

MakerDAO, a leading Ethereum-based lending system, is preparing to move to a multi-collateral DAI (MCD or Dai) system. The protocol’s community has closed down the single-collateral Dai (Sai) system, as the decentralized finance (DeFi) solution gets ready for the transition. MCD had been activated on… Read More

May 12, 2020 @ 8:46 pm By Omar Faridi  |  

A limited-edition “cassette tape” produced by Grammy award-winning DJ André Allen Anjos (aka RAC) has been tokenized and released on Zora, an Ethereum-powered digital marketplace. Zora’s developers first gained recognition last year, when they launched Saint Fame, a decentralized autonomous organization (DAO) that has developed… Read More

May 10, 2020 @ 5:29 pm By Omar Faridi  |  

A researcher from digital asset investment company, Paradigm, has co-published a whitepaper that describes a new type of decentralized finance (DeFi) lending protocol, which promises fixed-interest rates. Dan Robinson and Allan Niemberg, the authors of the Yield Protocol whitepaper, officially announced the initiative on May… Read More

May 4, 2020 @ 7:33 pm By Omar Faridi  |  

The total volume of Ether (ETH) transactions performed via decentralized or non-custodial cryptocurrency exchanges (DEXs) reached approximately $2 billion (in total) for the first four months of this year. It appears that traders have recently begun to increasingly use DEXs to trade ETH this year,… Read More

May 3, 2020 @ 3:47 pm By Omar Faridi  |  

Over 150 different Ethereum (ETH) projects have acquired almost $25 million in total grant funding to date. The Ethereum Foundation, a Switzerland-based non-profit entity supporting the ongoing development of Ethereum, is the largest donor. The foundation has allocated more than $21 million (of the total… Read More

May 2, 2020 @ 10:33 pm By Omar Faridi  |  

Users of Compound, a decentralized finance (DeFi) lending solution, are now able to issue loans and borrow Tether (USDT), the largest stablecoin, following a recent poll of the protocol’s governance token holders. There were 797,981.28 votes that were cast in support of the proposal to… Read More

April 30, 2020 @ 9:58 pm By Omar Faridi  |  

A recent analysis of the top 10,000 Ethereum (ETH) wallet addresses suggests that the world’s second-largest digital asset (by market cap and overall adoption) could potentially see its value increase significantly in the foreseeable future. This, as the blockchain network prepares to transition from proof-of-work… Read More

April 30, 2020 @ 2:29 pm By Omar Faridi  |  

Bison Trails, a blockchain “infrastructure-as-a-service” company, recently confirmed that it has added support for Keep Network, which serves as a privacy protection layer for Ethereum (ETH). Keep Network aims to address the challenges involved with allowing private and secure data to be used on a… Read More

April 29, 2020 @ 2:18 pm By Omar Faridi  |  

tBTC, an Ethereum (ETH)-based token that’s pegged to Bitcoin (BTC), the flagship cryptocurrency, is preparing for its public launch. During the course of the next two weeks, the tBTC project is planning to introduce its technical infrastructure with the help of more than 40 digital… Read More

April 29, 2020 @ 11:48 am By Omar Faridi  |  

MakerDAO (MKR), a leading Ethereum (ETH)-based lending protocol, has released a new report that tries to put the events of “Black Thursday” (when the Bitcoin and larger crypto market crashed over 50% between March 12-13, 2020) into context. MakerDAO’s report notes that there are certain… Read More

April 22, 2020 @ 10:33 pm By Omar Faridi  |  

Gnosis, a decentralized prediction market solution that spun out from Ethereum (ETH) development studio ConsenSys back in 2017, has launched a separate decentralized prediction market specifically for the Coronavirus (COVID-19) pandemic. Gnosis confirmed that it has provided $50,000 to help fund a non-profit Corona Information… Read More

April 22, 2020 @ 8:17 am By Omar Faridi  |  

The combined market capitalization of Ethereum (ETH)-powered stablecoins (digital assets pegged to major fiat currencies or other real-world assets) has surged by over 95% year-to-date. The total market cap of all ETH-based stablecoins stands at around $6.25 billion. Research conducted by The Block reveals that… Read More

April 21, 2020 @ 9:44 am By Omar Faridi  |  

We recently caught up with Pankaj Balani, CEO at Delta Exchange, an established digital assets derivatives trading platform. Delta offers cryptocurrency futures and derivatives trading across Bitcoin and major altcoins with up to 100x leverage. The company aims to support the ongoing growth and development… Read More

April 18, 2020 @ 4:16 pm By Omar Faridi  |  

Leading digital currency exchange Binance is planning to launch an Ethereum (ETH) network compatible blockchain. The new distributed ledger technology (DLT) platform will use the exchange’s native BNB native token as a base currency. Referred to as “Binance Smart Chain” (BSC), the new DLT-enabled network… Read More

April 17, 2020 @ 6:43 pm By Omar Faridi  |  

The developers of Compound, a leading Ethereum-based decentralized finance (DeFi) solution, will be decentralizing the governance process of the lending protocol. This will be achieved by launching a token-based governance model. The Compound team had announced plans to use a governance token back in February… Read More