Using weak seed phrases means instant loss of funds on the Bitcoin network. The concept of a blockchain “dark forest” has been popularized recently by Ethereum and the existence of front-running bots that will copy any profitable transaction pending for submission. The bots are able to assess if any given transaction that just entered the […]
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UK media boss and former banker Alexander Lebedev, has revealed he is looking to launch a decentralized finance-powered “bank 2.0.” Alexander Lebedev, the owner of U.K. newspapers Evening Standard and The Independent, along with Russian publication Novaya Gazeta, has spoken glowingly of the potential for cryptocurrency and smart contracts to revolutionize finance. In an extensive […]
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Aztec 2.0 is both a scaling and a privacy solution rolled into one. Aztec, a privacy protocol developing on Ethereum, announced on Monday the launch of its second iteration, promising private transactions and smart contracts while being cheaper than standard transfers. The layer two solution adopted by Aztec relies on zkRollups, similar to Loopring or […]
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On-chain data shows Ethereum miners saw a 39% surge in revenue as fees soared during the DeFi craze. Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw […]
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“Crypto Mom” Hester Peirce admits the SEC can be slow in giving guidance, but she sees the regulator becoming more open to change. Hester Peirce, commissioner for the United States Securities and Exchange Commission (SEC) affectionately known as “Crypto Mom,” says the regulator’s more conservative attitude around crypto needs to change as people become more […]
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The Ethereum network has taken more in fees than Bitcoin for a record streak, but a fee reform proposal faces an uphill battle. Ethereum (ETH) transaction fees have exceeded those on the Bitcoin (BTC) network for two months straight. Crypto market data aggregator Messari tweeted about the streak on October 8, noting it is the […]
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Ethereum liquidity will no longer have to go through FTX to reach Solana. Solana, the smart contract platform that recently entered the spotlight thanks to FTX’s Serum, announced the upcoming release of what it says is a decentralized bridge for Ethereum ERC-20 tokens. Called Wormhole, the bridge would allow users to transfer value between the […]
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The current DeFi ecosystem’s trajectory is reminiscent of the ICO boom. As the majority of DeFi related tokens continue to beat a retreat from their peaks this year, industry experts have weighed in on whether the decentralized finance bubble has burst, or if it will rise from the ashes. Top quality projects like Chainlink, Aave […]
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DeFi tokens suffered massive losses this week, and they could continue. This week in DeFi was notable for its lack of notable events. Nobody set new records for the fastest hack of a new contract, nobody famous exit scammed or pulled a DeFi Jesus reincarnation act. You can just feel that something is different now. […]
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Although it’s still impossible to pay with ETH where only BTC is accepted, cryptocurrency interoperability is being explored. Today, paying for purchases in cryptocurrencies no longer seems like something out of the ordinary. Many online stores accept Bitcoin (BTC) and other coins along with traditional currencies, while in some cafes, cryptocurrency holders can even pay […]
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