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Month: September 2020

cryptocurrency September 30, 2020

Key Takeaways The KuCoin hacker stole $150 million in customer funds, pushing some projects to freeze stolen tokens. Tether’s decision to freeze funds came as no surprise, but projects that claimed to be decentralized have done the same. Ocean Protocol took the Ethereum approach of hard forking the protocol from a block before the hack […]

cryptocurrency September 29, 2020

Advertisements Quick summary: The popularity of DeFi and Decentralized Exchanges since June 2020, has led to Ethereum experiencing high ETH fees Miners are reaping big from these Ethereum transactions thus attracting new miners to the network The value of Ethereum will continue to benefit positively from the demand to pay transactions with ETH The team […]

cryptocurrency September 29, 2020

Advertisements Share this article DeFi protocol UniLend Finance has recently closed the seed and private sale funding rounds of their native UFT governance token after quickly reaching both hard caps, totaling $3.1 million. UniLend’s mission of “welcoming every token to DeFi” has resonated with some of the industry’s heaviest hitters. Our funding rounds attracted the […]

cryptocurrency September 29, 2020

Matic has just announced that Tether is now available on their network. The Matic team tweeted that this would help Ethereum immensely by diverting activity away from the mainchain. Advertisements 1/ The industry’s leading stablecoin, Tether (USDT), is now available on Matic Network Layer2 to overcome Ethereum’s performance constraints!🚀$USDT is the industry’s most popular stablecoin, […]

cryptocurrency September 28, 2020

Blockchain startup ConsenSys has unveiled a new organization dubbed Mesh, which is part of the company’s broader plan to separate its investment and portfolio management business from its software arm. Advertisements Mesh is the brand under which ConsenSys will oversee its blockchain startups, of which there are more than 100, including the likes of BlockFi, […]

cryptocurrency September 28, 2020

Key Takeaways Decentralized exchanges are still rife with various imperfections including slippage and impermanent loss. Chinese crypto project DODO hopes to resolve some of these shortcomings with its novel “Proactive Market Maker” algorithm. The platform is nascent, and has yet to prove the test of time like incumbents Uniswap and Curve. Share this article Though […]

cryptocurrency September 28, 2020

Advertisements One type of “flippening” finally happened, but only miners are feasting. Cumulative transaction fees paid to Ethereum (ETH) miners for 2020 are now close to double those of Bitcoin (BTC), clocking in at $276 million versus $146 million. A chart released by Coinmetrics highlights how Ethereum fees went on a steep ascent in the […]

cryptocurrency September 28, 2020

Share this article “Decentralized stablecoin is an oxymoron,” tweeted crypto analyst Loomdart. The dominance of centralized stablecoins like USDT and USDC on DeFi platforms poises grave risks for the entire niche. Instances of Centralized Control  Tether Limited is the issuer of the largest stablecoin in the crypto space, USDT. It is a U.S. dollar-pegged cryptocurrency […]

cryptocurrency September 27, 2020

Advertisements After the $150 million KuCoin hack, traders appear unworried that open market sales by the hacker will drop Ethereum price. Analysts say that the unknown hacker behind the KuCoin breach is selling the stolen ERC-20 tokens on Uniswap. Although selling tokens on the Ethereum-based decentralized exchange allows the hacker to obtain Ether (ETH), it […]

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