Critics raised questions over decentralization after trusted nodes disabled the entire network from finding consensus. Blockchain network Stellar (XLM) stopped confirming transactions for two hours on May 15, executives confirmed following a user post on social media. Stellar, whose lumens token is currently the eighth-largest cryptocurrency by market cap, went down entirely for around 110 […]
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Crypto exchange Seed CX has announced support for stablecoins Paxos, USD Coin, and TrueUSD, which are currently pegged to U.S. dollars. Chicago-based crypto exchange Seed CX has announced support for stablecoins Paxos (PAX), USD Coin (USDC), and TrueUSD (TUSD) in a press release on May 14. The new stablecoin additions can be traded for U.S. […]
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The Decentralized Autonomous Organization behind the DAI stablecoin announced a critical security update to its governance contract. MakerDAO, the Decentralized Autonomous Organization (DAO) behind the DAI stablecoin, announced a critical security update to its governance contract in a Reddit thread published on May 6. Per the announcement, during the second round of security audits part […]
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MakerDAO leadership declares their DAI stable thanks to stability fee. DAI stablecoin, which is pegged to the United States dollar, is now in a relatively stable position, according to the president and COO of MakerDAO, Steven Becker, in an Q&A session on May 2. The transcript of the meeting, which focused on demand and supply […]
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Changes made to the public API of Binance seemingly reveal that the company has enabled margin trading for nine trading pairs. Changes made to the public Application Programming Interface (API) of major cryptocurrency exchange Binance seemingly reveal that the company has enabled margin trading for nine trading pairs. As Cointelegraph previously reported in March, the […]
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Hackers used Microsoft email accounts to steal users’ cryptocurrency, Motherboard reports. In worsening news for users of Microsoft’s email services like Outlook, Hotmail and MSN, several cryptocurrency holders affected by a recent hack allege that the hackers responsible stole their crypto, as reported by Vice’s Motherboard on April 29. One victim claimed on a Dutch […]
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Andy Milenius is no longer the CTO at MakerDAO, the company behind the decentralized algorithmic Ethereum-based stablecoin DAI. Andy Milenius, formerly the chief technology officer at MakerDAO, published an open letter dated April 3 explaining his concerns over the project’s internal conflicts. MakerDAO is the company behind the decentralized algorithmic Ethereum-based stablecoin DAI as well […]
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An interview with a senior analyst at ISE. Earlier this week, United States-based security consulting firm Independent Security Evaluators (ISE) published a report on private keys for the Ethereum blockchain. Despite establishing around 700 weak private keys that are being regularly used by multiple people, the researchers found a “blockchain bandit” who has managed to […]
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An unconfirmed email suggests all users who lost bitcoin will get compensation — even if they did not file a rehabilitation claim. Users who held bitcoin (BTC) on the now-defunct Mt. Gox exchange and filed certain self-admission rehabilitation claims could reportedly receive some of their funds back, an unconfirmed email posted to Reddit on April […]
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Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake algorithm implementation. Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20. Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked […]
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