Ethereum Watch

Advertisements Two mining pools on Ethereum are continuing to dominate the competition and now make up over half of the entire hashrate for the network. Hashrate is often used as an indicator to judge the strength of a network. However, it is also important to look at how distributed this hashrate is. In the case […]

Advertisements The attacker responsible for the $25 million theft from DeFi protocol, dForce, has returned all of the funds. There has been no explanation for the change of heart, but it is suspected that a lack of thoroughness in covering up his tracks led the attacker to return the funds, in order to avoid further […]

Advertisements The decentralized finance and lending protocol Lendf.me suffered an attack recently. In an interesting turn of events, some of the funds were actually returned with a message for the project. The DeFi community is scrambling to make sense of yet another theft. Some $25M was allegedly drained from a contract by Lendf.me, a decentralized […]

Advertisements Another decentralized finance (DeFi) platform temporarily hit the pause button due to an attack. $25M was drained from the smart contract. Hacks and exploits in the world of decentralized finance (DeFi) seem to be increasingly more common. The latest victim is Lendf.Me — and the dApp has now been put on ‘pause.’ On April […]

Advertisements Ethereum prices at the moment are not inspiring much confidence. However, the long-awaited network upgrades slated for this year and beyond could be a major boost for the crypto asset and its adoption. Ethereum 2.0 not only heralds in a highly anticipated change in consensus mechanism; a raft of scalability solutions that could unlock […]

Advertisements An organization providing a non-custodial Bitcoin loan platform has joined up with some of the blockchain industry’s biggest names to raise funds to build a native decentralized finance (DeFi) solution for Bitcoin. Atomic Loans has raised $2.45 million in a seed round led by venture startup firm Initialized Capital. The funding round included Ethereum […]

Advertisements The International Monetary Fund (IMF) published a new forecast Tuesday predicting that the coronavirus-induced global economic slowdown will get much worse from here before getting any better. Given Bitcoin’s record correlation with traditional markets, the IMF forecast has now cast serious doubt over the much-anticipated post-halving Bitcoin bull run. Judging by past trends, the […]

Advertisements For some reason, Bitfinex longs for Ethereum are dominating. Almost 90% of all margin traders are longing ETH on the exchange. The overwhelming amount of longs for ETH has some speculating that we could see a massive long squeeze shortly—or maybe these traders know something the rest of us don’t. There is confusion over […]

Advertisements The spike in Ethereum trading volume seen in February has all but disappeared amid the current economic and humanitarian crisis gripping the world. As macroeconomic trends take center stage, much of the cryptocurrency sector has been left in the shadows — a marginal player amid the worsening crisis, Ethereum is no exception. The leading […]

Advertisements In mid-February, the total value locked in decentralized finance (DeFi) was around $1.2 billion. That number is now around $500 million. Decentralized finance (DeFi) has been all the rage in the past few months. Dominated by Ethereum (ETH), it still remains popular. However, the recent crisis has demonstrated that the idea suffers a serious […]