Mina applies zk-SNARKs to Cardano’s Ouroboros consensus to achieve scalability and decentralization. Mina aspires to be the world’s tiniest blockchain, with claims that its protocol maintains a constant size of around 22 KBs. This is ostensibly achieved by using recursive zk-SNARKs — the same technology that is used by the privacy-centric cryptocurrency, Zcash (ZEC). However, whereas the latter […]
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Social sentiment data, strengthening fundamentals and on-chain analysis suggest Bitcoin is on the verge of a 2017-style bull run. Last week, Bitcoin (BTC) saw its price rise 6.95%, rising from $10,804 on October 5 to $11,555 by October 12. The surge marked the best performing week for the price of Bitcoin since July and data […]
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This one won’t just be another instance of CeDeFi, the exchange reassures. Bithumb, a major cryptocurrency exchange based in Korea, announced the upcoming launch of Clover, a blockchain platform targeted for decentralized finance and powered by Polkadot (DOT) technology. The company says that Clover will be an open platform for DeFi applications, leveraging cross-chain capabilities and […]
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There’s a growing realization that social media has become a destructive influence. But can blockchain social media platforms really make a difference? Big tech isn’t just big anymore. It’s grown into a ravenous Cthulhu-esque beast with its tentacles wrapped around almost every data point in our lives. But in the light of a House Judiciary […]
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Some UniCats users saw their entire token balances drained due to a malicious contract. Yield farmers looking for a quick profit were recently taken in by a dubious DeFi protocol called UniCats — a yield farming scheme reminiscent of other, more famous protocols like SushiSwap or Yam Finance. According to ZenGo researcher Alex Manuskin, at […]
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Decentralized finance clearly has the potential to change the world, but most of what carries that moniker today is not at all truly DeFi. The ecosystem is crowded with early versions of DeFi with many flaws: Because the tech is new, because the chains they run on have their own shortcomings, and because people are […]
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Wrapped Bitcoin is now even safer with Chainlink oracles checking custody wallets every ten minutes. Wrapped Bitcoin custodian BitGo has adopted Chainlink’s Proof of Reserve mechanism in order to boost the transparency and auditability of the tokenized asset for DeFi protocols. The functionality, which is currently live on testnet, enables Ethereum-based dApps to completely automate […]
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Hint: It’s not a blockchain company. Frederik Gregaard, the incoming CEO of the Cardano Foundation, shared his perspective on FinTech’s competitive landscape and major technology trends with Cointelegraph. Discussing competition, Gregaard said that the protocol’s biggest opponents do not come from within the blockchain space: “I think the biggest competitor, it’s really the largest technology companies […]
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Crypto traders can earn passive income through Neutrino stablecoin staking. U.S.-based cryptocurrency exchange Waves.Exchange, which supports the price-stable multi-asset Neutrino protocol, is introducing a way for crypto traders to earn passive income through stablecoin staking. According to a Sept. 29 announcement from Waves, the exchange has expanded its tokenized assets ecosystem to include seven different […]
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Yield farming is one of crypto’s 2020 buzzwords, but what does it mean? Here’s a beginner’s guide explaining the basics — and the complex. What are the key challenges and opportunities for yield farming? Most DeFi applications are currently based on the Ethereum blockchain, creating some critical challenges for yield farmers. Ahead of the Ethereum […]
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