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 […]
Continue Reading
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 […]
Continue Reading
The island continues to work toward full crypto adoption. The Government of Bermuda has announced their partnership with stablecoin platform, Stablehouse. Together they hope to roll out a pilot program for a digital “stimulus” token, targeting both residents and merchants within the islands. According to The Royal Gazette, the idea of launching such a program […]
Continue Reading
‘Calexit’ is now a crypto-friendly independence initiative. A Brexit-inspired plan wants to make California its own nation, separate from the USA. The people behind the plan are now looking to establish cryptocurrencies as the financial backbone of the proposed nation. The movement is called “Yes California,” though it is more commonly known as the “Calexit […]
Continue Reading
UMA overtook yearn.finance to become the largest DeFi project on CoinMarketCap with a $1.3 billion market cap. The decentralized finance (DeFi) landscape is rapidly changing day after day. On Sept. 1, UMA overtook yearn.finance as the biggest “DeFi” protocol on Ethereum with a $1.3 billion market cap. Data from CoinMarketCap shows six DeFi projects are […]
Continue Reading
The way law enforcement agencies deal with seized crypto could indicate their de-facto acceptance of the asset class. It is customary for government officials around the world to profess their disdain for crypto on the grounds that it is widely used to facilitate crime and finance terrorism. Although (government-backed) cash still remains criminals’ preferred financial […]
Continue Reading
Binance wants to stay ahead of the DeFi trend. After teasing the upcoming blockchain in April, Binance has launched the mainnet of its Smart Chain — a smart contract-enabled blockchain running in parallel to Binance Chain. Binance Smart Chain comes with an Ethereum Virtual Machine-compatible environment, which allows Solidity developers to move into the new […]
Continue Reading
Fed Chairman Jerome Powell threw the U.S. dollar under a bus last week at the central bank’s annual Jackson Hole, Wyoming, meeting. The Economic Policy Symposium hosted annually by the Federal Reserve Bank of Kansas City — an event attended by finance ministers, central bank managers and academics, among others — was held virtually due […]
Continue Reading
More details emerge concerning the ongoing Electrum hacks. Details of a previous Electrum wallet hack surfaced following the massive 1,400 Bitcoin (BTC) theft that hit headlines a few days ago. “I had a similar situation 2 months ago,” a Github user named Cryptbtcaly posted on the social media platform on Aug. 31. The user claimed someone […]
Continue Reading
Following the latest ruling on the OneCoin class-action lawsuit, we look into the biggest Ponzi scheme in crypto. The latest ruling in the class-action lawsuit against OneCoin has dismissed Konstantin Ignatov, co-founder of OneCoin, as a defendant after he agreed to testify against his sister. Ignatov is the brother of Ruja Ignatova, the infamous leader […]
Continue Reading