The implementation of this technology promises to remove the need for trusted setups. The Electric Coin Co., or ECC, the entity responsible for the advancement of privacy coin Zcash (ZEC), unveiled new code for the blockchain and crypto community. The company opened its Halo 2 source code — “an updated, more efficient version of ECC’s recursive […]
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Band Protocol is about to give Chainlink a run for its money on Ethereum. Band is one of Chianlink’s main competitors in the oracle space that is based on Cosmos technology. In a recent Cointelegraph interview, Soravis Srinawakoon, the CEO of Band Protocol, said: “If you look at Chainlink, one data request right now can […]
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The nation’s money printer continues to go “Brrr”. Amid a year that has been anything but normal, the United States’ Federal Reserve, or the Fed, has collected an impressive number of financial assets. “The Fed now owns a total of 22,913 different securities according to Bloomberg,” said the twitter account for the Zero Hedge financial […]
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Satoshi Nakamoto would have approved. Pornhub now accepts Bitcoin (BTC) and Litecoin (LTC) as payment for its premium services. The company has been accepting Verge since 2018, later adding several other cryptocurrencies, but this is its first foray into the major leagues. Pornhub’s vice president Corey Price said in the press release: “As a leader […]
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Can anything slow DeFi’s growth at this point? Trading volume on decentralized exchanges, or DEXs, surpassed $11 billion in August, as DeFi madness continues making headlines. Numbers from analysis firm, Dune Analytics, revealed that August trading volume represented an uptick of 152% month-over-month. The main driver behind the skyrocketing DEX volume is Uniswap, which has […]
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Bitcoin price hit $12,000 again and traders are turning bullish as BTC attempts to turn the key level to support. The price of Bitcoin (BTC) has hit $12,000 again and traders are becoming more optimistic that the digital asset will hold the key level this time. So far, in 2020, BTC has topped the $12K […]
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That will be confusing for some, and unsurprising for others. A recent memorandum from the U.S.’ tax authority, the Internal Revenue Service, or IRS, attempted to clarify taxation rules around receiving crypto assets as payment. “Is convertible virtual currency received by an individual for performing a microtask through a crowdsourcing or similar platform taxable income?” […]
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SushiSwap has all but declared war on Uniswap, and Hayden Adams appears to be returning the favor. Uniswap’s founder Hayden Adams is railing against SushiSwap, a five-day-old fork of Uniswap’s decentralized exchange, which has managed to attract over $1.3 billion in value locked over its short lifespan. Like most other liquidity mine launches, participants can […]
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Ethereum miners earned a record $500K in fees for a single hour, raising concerns about network stability. Transaction fees on the Ethereum network have recently reached a new hourly record. According to Glassnode, an on-chain analytics firm, miners on the network earned over $500,000 in just one hour today as Ether (ETH) rallied. Currently sitting […]
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The crypto space knows how big bubbles can grow. The decentralized finance, or DeFi, movement in crypto has grown explosively over the past several months, according to data compiled by Twitter analyst, Ceteris Paribus. Data from May, June, July and August showed DeFi crypto assets have surged in price, on average, 42.9%, 56%, 60.5% and […]
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