Tagged: ethereum

May 24, 2020 @ 10:48 pm By Omar Faridi  |  

  Ethereum-based anonymization protocol, Tornado.cash, has introduced “completely immutable”smart contracts, which developers claim will make the protocol “unstoppable.” Although the initiative’s developers boldly claim that Tornado.cash is committed to supporting  immutability and the “code is law” principle, Ethereum (ETH) ecosystem developers and community members have… Read More

May 23, 2020 @ 2:54 pm By Omar Faridi  |  

We recently talked to Lex Sokolin, the Global Fintech Co-Head and CMO at ConsenSys, a leading Ethereum (ETH) development studio based in New York. Before joining ConsenSys, Sokolin was the Global Director of Fintech Strategy at Autonomous Research, a firm that was eventually acquired by… Read More

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 18, 2020 @ 11:17 pm By Omar Faridi  |  

Uniswap, a widely-used non-custodial digital asset exchange, has revealed that the second version of the decentralized protocol has now been launched. The developers of Uniswap had noted in March 2020 that they would be releasing the second iteration of the decentralized finance (DeFi) protocol. Uniswap’s… 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 14, 2020 @ 10:23 pm By Omar Faridi  |  

Blockdaemon, a blockchain node provider, has acquired $5.5 million in capital from major investors including Fenbushi Capital, Hashkey, CoinShares, Blockchain.com, Kenetic, and SPiCE VC. Early investors Boldstart, Comcast Ventures, Heavybit, and Lerer Hippeau also made contributions. The New York-headquartered firm says it’s planning to use… 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 @ 11:35 pm By Omar Faridi  |  

Maker (MKR) governance token holders have decided (through community voting) to approve a proposal which recommends adding Wrapped Bitcoin (WBTC), an Ethereum-based token backed 1-to-1 by Bitcoin (BTC), as the decentralized finance (DeFi) protocol’s (MakerDAO) newest collateral type. WBTC is an ERC-20 compliant token that… 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 @ 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 @ 5:43 pm By Omar Faridi  |  

Derek Edward Schloss, director of Strategy at the Security Token Academy, an organization focused on supporting the ongoing growth and development of tokenized digital assets, recently published a blog post highlighting several notable security token industry updates. He notes in a new report that Securitize,… 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