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Year: 2020

cryptocurrency September 26, 2020

Advertisements Ethereum needs to fix its problems. As DeFi projects flock to Ethereum, experts warn the network is not yet ready to support the frenzy. Martin Froehler, a mathematician, former hedge fund manager, and founder of Austrian crypto trading platform Morpher, told Cointelegraph that although Ethereum is the “best thing [the blockchain industry] has” for […]

cryptocurrency September 26, 2020

Key Takeaways NEO-sponsored yield farming platform Flamingo crashed after staking on the platform was opened to the public. Flamingo postponed the launch of its liquidity mining vaults by 24-hours. NEO prices dropped 4.2% after the delay was announced. Share this article The launch of yield farming on NEO-based Flamingo was postponed after “heavy demand” overloaded […]

cryptocurrency September 26, 2020

Advertisements Quick take: Bitfinex CTO, Paolo Ardoino, has notified crypto twitter of the freezing of $33M Tether related to the KuCoin hack Bitfinex has frozen $13 Million Tether (USDT) on EOS Tether has frozen $20 Million USDT on Ethereum Binance has pledged its support in the recovery efforts of funds from the hack KuCoin has […]

cryptocurrency September 26, 2020

Advertisements Quick take: KuCoin’s risk management system detected unusual crypto withdrawal activity beginning today, 2:51 am (UTC +8) The exchange soon confirmed it was a hack KuCoin CEO, Johnny Lyu, confirmed KuCoin has an insurance fund to cover all losses $150 Million in Bitcoin, Ethereum and other ERC20 tokens was taken KuCoin is in constant […]

cryptocurrency September 25, 2020

Advertisements This project is focusing on cross-chain interoperability and on-chain credit scoring to advance the DeFi lending ecosystem. Wing, a lending protocol built on the Ontology blockchain, currently has $180 million in crypto assets staked on its platform — not a meager amount, even by Ethereum (ETH) standards.  Eric Pinos, Ontology’s ecosystem lead for the […]

cryptocurrency September 25, 2020

Advertisements In brief: The team at Weiss Ratings has cautioned investors against using Tether (USDT) They cite that USDT is not 100% backed by fiat and Tether is running like a fractional reserve bank They recommend USDC which is subject to constant audits and 100% backed DAI is also an alternative given its transparency via […]

cryptocurrency September 24, 2020

Ethereum is the primary cryptocurrency benefiting from the DeFi trend. And while a rising tide lifts all boats, the demand for the top-ranked altcoin is second-to-none. Advertisements And while Ethereum is dominating the crypto market right now, its DeFi that is dominating the headlines in the media, not the altcoin that makes it all possible. […]