DeFi platform PegNet appears to have suffered a 51% attack in which four of the network’s top miners fraudulently created $6.7 million in stablecoins. Drama continues to plague decentralized finance (DeFi), with Factom-based stablecoin network PegNet appearing to suffer a 51% attack that resulted in $6.7 million worth of the USD-pegged stablecoin pUSD being fraudulently […]
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Bitcoin price continues to flash bearish signals but Ether’s bullish trend may prevent a BTC downtrend. Ether price has rallied 114% since March 13 and the altcoin could be on the verge of rallying higher. Increased activity on the Ethereum blockchain and the approaching ETH 2.0 launch appear to be bolstering Ether price and these […]
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A behind-the-scenes look at the impact to and recovery from China’s blockchain industry following the initial coronavirus outbreak. The COVID-19 pandemic is threatening to plunge the world into the deepest crisis since the Great Depression and could deprive global economies of $5.5 trillion over the next two years. China’s economy shrank for the first time […]
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A recent Bloomberg report concluded that Bitcoin may be priming for a massive bull run. A recent Bloomberg report states that Bitcoin (BTC) is preparing for a massive bull run. Even the report’s name is bullish — “Bitcoin Maturation Leap”. The report mentions a number of reasons that the Bitcoin market is maturing, and that […]
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Israeli blockchain startup Orbs has come up with an idea to encourage people to self-quarantine by using a newly launched app. Crypto- and blockchain-focused companies around the world have been making efforts to support people amid the coronavirus pandemic, with some of them donating funds to nonprofits and providing supplies to hospitals. Israeli blockchain startup […]
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Tezos and Chainlink each gained more than 150% since Black Thursday outperforming Bitcoin and just about everything else. Any discussion over the current price action in the crypto market is likely to include some reference to Chainlink (LINK) and Tezos (XTZ). Both have seen some of the most volatile and massive flows of the past […]
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Crypto pundits believe that the Libra Association has allayed most of the concerns put forth by regulators by updating its white paper recently. Following an overhaul of Libra’s original white paper that was met with strong skepticism from United States policymakers, a member of the House Financial Services Committee — Democrat Rep. Sylvia Garcia from […]
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Billion-dollar industries are using blockchain platforms powered by Hyperledger Fabric to bring trust to traditionally nontransparent markets. Located in San Francisco’s Presidio Heights neighborhood, the Linux Foundation’s office is nestled in a square of red-roofed buildings that resemble homes rather than technology work spaces. Inside the Linux Foundation’s office sits Brian Behlendorf, the executive director […]
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Dash developers announced that they expect to update the project’s “Evonet” test network every roughly six weeks. The developers behind major privacy-focused cryptocurrency Dash (DASH) announced that they expect to update the project’s “Evonet” test network every roughly six weeks. According to an April 17 announcement, the Dash Core Group plans to release the first […]
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Bitcoin price bulls print fifth consecutive green weekly candle but remain at the mercy of traditional markets as the price dipped below $7K on Monday once more. Bitcoin (BTC) Bitcoin price closed the week at $7,126 with highs of $7,306 and lows of $7,472. This represented a gain of 3.16% and a fifth consecutive week […]
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