Ethereum co-founder Vitalik Buterin suggests a DEX-bridge solution to the “embarrassing” lack of easy movement between Bitcoin and Ethereum networks. Ethereum co-founder Vitalik Buterin posted a tweet on March 24 claiming that the continuing lack of easy movement between the Ethereum and Bitcoin networks was embarrassing. As a solution, he proposed putting resources into building […]
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Uniswap announced the planned release of the second major version of the platform, which will feature a better price feed oracle while introducing a variant of the flash loan. The Uniswap decentralized exchange announced on March 23 a planned release of its second major version, Uniswap V2. Among the major features, the new platform will […]
Continue ReadingSparkswap, a decentralized exchange backed by Pantera, Polychain, and Initialized Capital, has shut its doors after more than two years of operations. Sparkswap, a decentralized exchange backed by Pantera Capital, announced it is shutting down on March 17. The exchange cited a weak user base as the catalyst for its decision to cease operations. The […]
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NEO-based decentralized exchange Switcheo partnered with Zilliqa blockchain to allow trading of assets from the Ethereum and EOS blockchains on the platform. NEO-based decentralized exchange (DEX) Switcheo partnered with the Zilliqa blockchain to allow trading of Ethereum- and EOS-based assets on the platform. According to an announcement on March 16, after the launch, Zilliqa token […]
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Major crypto exchange Binance and its Indian trading platform WazirX announced a fund aimed at sustaining blockchain development in India. Major crypto exchange Binance and WazirX — the Indian competitor it acquired in November 2019 — have announced a fund aimed at sustaining blockchain development in India. The “Blockchain for India” initiative was announced on […]
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Maker’s loss of more than $5 million over a technical issue raises questions on the stability of the DeFi ecosystem, as a string of attacks threatens Ethereum. Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series […]
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Binance is doubling fees for ETH withdrawals due to high ETH network congestion. Fired-up Crypto traders call the decision robbery. Binance announced in a tweet on March 12 that it is doubling fees for ETH withdrawals. The company cited network congestion as the reason for the decision. The tweet specified: “To better facilitate ERC20 and […]
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The recent incidents with Steem show a critical vulnerability in proof-of-stake algorithms that might affect all cryptocurrencies and exchanges. The Steem blockchain reportedly experienced a troubling episode recently, whereby the blockchain’s entire governance system was disturbed. Tron founder Justin Sun, new owner of the Steemit social network based on the Steem token, appears to have […]
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Following two significant attacks on lending protocol bZx, what are the potential ramifications for the DeFi sector? Earlier this week, the decentralized lending protocol bZx was exploited in back-to-back “flash loan” attacks. While the two exploits were distinct, the end results remained the same. In total, $954,000 was gleaned from the platform. But what exactly […]
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Institutions are turning away from gold to Bitcoin. Meanwhile, investors in DeFi have more hedging opportunities than ever before. The world has arguably been teetering on the brink of a recession for months now. But recent events could be pushing the global economy even closer to the precipice. The coronavirus outbreak has choked China’s output, […]
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