Lending and borrowing crypto, a subset of DeFi applications, has quickly boomed into an almost billion-dollar industry. But does it pose a threat to Proof of Stake networks? The DeFi landscape includes lending protocols, security tokens, derivatives, and exchanges, and threatens to usurp traditional financial models into trustless protocols that leverage decentralized networks. The Rise...Read More
China’s Center for Information and Industry Development [CCID] released its 15th Global Public Blockchain Technology Assessment Index that ranked multiple cryptocurrencies based on its tech, application, and creativity. The list placed Bitcoin on the ninth position while scoring highest in the field of creativity and least in terms of application. Bitcoin’s index total stood at...Read More
Ever since its launch last year, Tezos has done quite a lot to improve its feats and keeps on doing so. As the company appears to continue with innovations and partnerships, some of the community is arguing that Tezos might be skyrocketing soon, resembling Ethereum’s surge from 2017. Is Tezos The New Ethereum? 2017 was...Read More
Weiss Ratings has downgraded EOS once again, taking its ranking from a B to a C-. The group cites “failure to decentralize,” “misallocation of resources,” and a congested network as reasons for the fall in rank. “Weiss Crypto Ratings model is not based on opinion. It’s driven by data,” the group claims. In this article...Read More
Istanbul hard fork on the Ethereum has officially taken place on block # 9069000 on Sunday, December 8th. A new era of Ethereum has arrived at 0:25 UTC this Sunday. The Istanbul hard-fork contains six distinct upgrades to improve performance, adjust the costs of opcodes, enable Ethereum and Zcash to interoperate, and enable more creative...Read More
The weekend has seen marginal gains for most crypto assets as total market capitalization claws back above $200 billion. Tezos has been the clear leader in terms of performance though as it tops $1 billion market cap and closes in on a top ten position.Tezos Outperforming Crypto MarketsThe good news is that there has been...Read More
Ethereum is approaching the main $152 and $155 resistance levels against the US Dollar.The price is likely to rally significantly once there is a clear break above $152.There is a key bullish trend line forming with support near $148 on the hourly chart of ETH/USD (data feed via Kraken).The price could dip a few points,...Read More
Ethereum’s price action has been closely correlated to Bitcoin’s over the past several weeks, leading ETH’s price to dip into the lower-$150 region, which is where it has been able to find some levels of support.Ethereum’s much-anticipated Istanbul hard fork has come about concurrently with ETH’s ongoing downtrend, and it appears that investors are not...Read More
While Ethereum‘s Istanbul upgrade was deemed successful, it was, however, not all smooth-sailing. The upgrade that went live on block 9,069,000, introduced six Etheruem Improvement Protocols, and all the major clients such as Geth, Parity, Aleth, Besu, Nethermind, and Aleth had released version that would be compatible with Istanbul, and the result of failing to...Read More
An art lover who paid $120,000 for an installation of an over-ripe banana duct-taped to a wall, had his investment eaten by a performance artist. One hopes that if he has that much money to ‘waste’ on what is now just a banana skin with some tape stuck to it, he’s already filled his bags with...Read More
The term digital gold has been used on Crypto Twitter after several influencers pointed out similarities between Bitcoin and gold. While some thought that it was good to view Bitcoin as digital gold or store of value asset, a few others highlighted the fact that this was defying Bitcoin’s use case as digital cash. The...Read More
Ethereum, one of the world’s most popular networks for the deployment of smart contracts and development of decentralized applications (DApps), has undergone a hard fork. Dubbed ‘Istanbul,’ the system update adds new features and improvements to the existing solution. Ethereum’s Istanbul Hard Fork Goes Live Ethereum’s network underwent its long-awaited hard fork called Istanbul. It...Read More
Over the past few months, Ethereum community had been gearing up for its eighth network update, Istanbul. Earlier today, Istanbul went live on the network at block number 9,069,000. Several developers of the Ethereum network along with Vitalik Buterin live-streamed the “Istanbul Upgrade Countdown Party!” Buterin revealed that the fork block was mined by SparkPool....Read More
Ethereum and most major altcoins have been closely tracking Bitcoin’s price action as of late, and the aggregated market has been unable to find any decisive momentum over the past few weeks. This lack of momentum has caused ETH to hover around the $150 region as bulls and bears remain deadlocked.Analysts are now noting that...Read More
The long-awaited Ethereum Istanbul hard fork will take place at 12 AM GMT on December 8. Once again, most ETH nodes are waiting until the last moment to upgrade. Ethereum Nodes Wait to Upgrade Until Last Moment Based on Ethernodes, the percentage of nodes that had not upgraded with the Istanbul version was pegged at...Read More
Ethereum client Parity released an urgent announcement, admitting that they forgot to include an EIP in the latest upgrade. Ethereum’s Biggest Client Forgets EIP Inclusion A recent announcement posted by one of Ethereum’s biggest clients, Parity, came as a surprise. The service admitted that it forgot to include an EIP (Ethereum Improvement Proposal) into their...Read More
In an Ethereum Q&A session conducted on YouTube, Bitcoin and open blockchain expert, Andreas Antonopoulos spoke about the proposed Ethereum 2.0 hard fork, the ‘first-mover advantage’, and whether or not he thought Ethereum would become the next Bitcoin. Antonopoulos explained how Ethereum and Bitcoin store accounts and code in fundamentally different ways. Where Bitcoin uses...Read More
After touching an 8-month low on November 25, the Ethereum community saw the flagship coin make some modest gains, including a brief move up to $156 two days before December began. Since then, ETH has been consolidating between the $150 and $146 marks, with a value of $148 at the time of writing. CoinMarketCap shows...Read More
A Bloomberg article published on December 4 cited a study conducted by the San Francisco-based ‘Crypto Fund Research’, which stated that nearly 70 crypto-focused hedge funds catering to pensions, family offices and wealthy individuals had closed down this year. It also claimed that the number of new funds launched this year is less than half...Read More
Ethereum-based decentralized exchange, Uniswap has been one of the few projects in the Ethereum ecosystem that has been making constant developments. Even Vitalik Buterin chose the platform as one of the top three dApps making headway in terms of adoption. Buterin had stated, “I mean in terms of things that people are using, Maker, Augur,...Read More
It seems that Christmas is coming earlier for users of Ethereum. The blockchain behind the second-largest cryptocurrency is about to see what is known as the “Istanbul” hard fork or blockchain update, which is one of the network’s few-and-far-between and important named upgrades.According to Etherscan, an Ethereum-centric data and information platform, Istanbul will activate on...Read More
The divisive project is one of the most active Ethereum contracts. HEX has finally gone live, marking the most recent project of the colorful YouTube personality Richard Heart. As of Dec. 2, 2019, HEX has completed its snapshot, and its tokens are now in circulation. HEX describes itself as a blockchain certificate of deposit —...Read More
The FBI arrested an Ethereum developer in Los Angeles on Thanksgiving for teaching North Korea about cryptocurrency. The Manhattan US Attorney’s office says the 36-year old Virgil Griffith helped North Korea to evade international sanctions. The former hacker and tech idealist has been flirting with disaster for years. The New York Times did an eerily...Read More
Ethereum’s price maintained a volatile trajectory over the past few months after repeated price swings in the market. On 25 October, the 2nd largest crypto-asset recorded its most recent price pump, hiking by 16 percent in a single day and recovering most of the losses suffered a couple of weeks prior. At press time, Ethereum...Read More
Digital asset exchange Bittrex is reportedly being sued over a SIM swap-related incident that allowed hackers to steal 100 Bitcoin (BTC), which are valued at around $1 million at current market prices. The case appears to be quite similar to other recent incidents in which a bad actor gains control of a user’s cell phone...Read More
California-based Armanino, an accounting and business consulting company, has introduced a new blockchain-powered software tool. Launched on Wednesday, the company’s distributed ledger technology (DLT)-based tool can reportedly perform firm-originated financial audits within seconds. Dubbed the TrustExplorer 2.0, Armanino’s new product is among several others that have been designed to streamline routine accounting processes. Armanino’s TrustExplorer...Read More
Berlin-based Fundament Group, a blockchain firm that aims to democratize access to financial investments by offering regulated real estate crypto tokens, announced on October 31 that it has teamed up with the Tezos Foundation in order to launch a “groundbreaking” legal-tech platform for tokenizing compliant financial products on the Tezos blockchain network. Fundament has reportedly...Read More
Utah-based Overstock, a large online retailer for brand names at clearance prices, revealed that its security token platform tZERO has teamed up with the Tezos Foundation in order to launch an initiative that aims to tokenize £500 million (appr. $643 million) in various real estate projects. tZERO CEO Saum Noursalehi remarked: “We believe that asset...Read More
China’s central bank, the People’s Bank of China (PBoC), has said that it will certify 11 different types of financial technology (Fintech) hardware and software that are regularly being used for online payment and blockchain-related services with its new verification system, the Certification of Fintech Products. The PBoC introduced the initial list of Fintech products...Read More
Beijing-based Canaan Creative, a leading manufacturer of blockchain servers and solutions for repetition ASIC chips, has again filed to go public (this time in the US markets). The company, which is one of the world’s largest crypto mining equipment producers, filed its initial public offering (IPO) prospectus with the US Securities and Exchange Commission (SEC)...Read More
