The new EIP-2878 would reduce block rewards by 75% and has received sharp criticism from miners who say it will compromise the network’s security. A new Ethereum improvement proposal (EIP) has been met with sharp criticism from miners suggesting those behind the proposal are less interested in the network’s security and more focused on investors’ […]
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Grayscale notes that long term holders are increasingly dominating the Bitcoin markets over short-term speculators, driving demand relative to supply. A new report by crypto fund manager Grayscale Investments argues that the current Bitcoin (BTC) market structure “parallels that of early 2016 before it began its historic bull run.” Grayscale predicts that demand for Bitcoin […]
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A spokesman for Joseph Sullivan has denied the charges the Uber exec faces for paying hackers $100K in Bitcoin to cover up a data breach. A spokesperson claims “there is no merit” to allegations against former Uber Chief Security Officer Joseph Sullivan, who is now facing charges of obstruction of justice and misprision of a […]
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The UK’s Financial Conduct Authority has granted licenses to two crypto exchanges operating in the country, Archax and Gemini. The UK’s Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges operating in the country: digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini exchange. According to the Financial Conduct […]
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A former CSO is accused of trying to conceal Uber’s involvement in a 2016 data breach by paying the hackers $100K in Bitcoin. Joseph Sullivan, a former Chief Security Officer at Uber, allegedly tried to cover up a 2016 hack of sensitive data by funneling a hush money payment of $100,000 in Bitcoin through a […]
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Daegu is still in the race for blockchain dominance. Daegu, the fourth-largest city in South Korea, recently announced their plans to allocate over $6 million towards blockchain and artificial intelligence education. According to Up Korea, Daegu’s officials aim to solve what they consider a “serious shortage of resources in the core technologies of the 4th […]
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The price of Bitcoin has surged by 50% to 128% against global currencies since early 2020 and analysts believe the trend could continue. Data from a pseudonymous analyst compared the performance of Bitcoin (BTC) against global currencies since the start of 2020. The data shows that BTC has increased by anywhere between 50% to 128% […]
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They’re tackling a problem that affects billions of people. Arbol, a platform that allows farmers to hedge weather risks, is integrating Chainlink data oracles. Arbol’s CEO, Siddhartha Jha, told Cointelegraph that the company uses blockchain technology to solve a problem that affects billions of people around the world: “It’s crazy that so much of the world’s […]
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Almost an even split between fiat and USDT Chainalysis contends that the new issuance of Tether (USDT) may dampen Bitcoin’s (BTC) bull run. In a weekly Market Intel newsletter, company’s chief economist Philip Gradwell said: Newly issued Tether arriving at exchanges can be used to buy Bitcoin just as much as existing Tether can be. But […]
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Audited or not, DeFi DApps present risks Andre Cronje, the creator of Yearn.Finance, has recently made security audits of his project publicly available. He explained to Cointelegraph that he had been previously withholding these audits, which were completed months ago, so as to not give users a false sense of security: I always refused to publish the […]
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