Phase 0 of Ethereum 2.0 took a step forward today following the submission of EIP 2982. Phase 0, also known as the “beacon chain,” refers to the transition from proof-of-work to proof-of-stake. More specifically, in Phase 0, the goal is to lay the groundwork for staking and the operation of sharding chains. “At first, the…
On September 16, 2020, KuCoin, an IDG-backed crypto exchange, announced that its Pool-X platform has launched the BurningDrop program and will provide services for the Kratos Genesis token (KTSt) Distribution. Users can join the KTSt Genesis Mining via Pool-X. From 20:00:00 on September 16, 2020, to 20:00:00 on September 24, 2020 (UTC+8), users can get…
As the post-pandemic financial markets stand on shaky ground, further worsened by the economic slowdown faced by almost all the nations has driven people to rethink their investment choices. As people look for more stable investments, non-traditional platforms like iTrustCapital have started to gain more attention. iTrustCapital, the leading alternative investment platform specializing in cryptocurrency…
Michael Saylor, the Founder of MicroStrategy, said, so far, he has spent a total of $425 million buying Bitcoin. In a recent tweet, Saylor mentioned his firm had just purchased approximately 17k BTC. Including previous the purchase of 21k tokens, the firm now holds around 38k BTC in total. “On September 14, 2020, MicroStrategy completed…
Bitcoin’s recent price turbulence has not been emblematic of its underlying strength, as the cryptocurrency’s hash rate has been plowing higher throughout the past several weeks and months, just setting another fresh all-time high. This metric’s growth signals that demand for the Bitcoin network is incredibly high at the moment, despite many of the cryptocurrency’s…
Having failed spectacularly the first time around, controversial “experimental” DeFi project YAM is preparing to launch Version 3 on Friday, September 18. After a month of interim governance and auditing, YAM is set to relaunch on Friday, September 18. Please see here for full information: https://t.co/1Mra5biT59 You can view the audit here:https://t.co/VhITXIBIN3 — Yam Finance…
Earlier this year, MicroStrategy made the news across the world when it became the first major, U.S. stock exchange-listed company to invest in Bitcoin. The Nasdaq-listed firm, whose shares trade under MSTR, purchased $250 million worth of the leading crypto from its cash reserves. Company chief executive Michael J. Saylor, who was once a very…
DeFi lending protocol bZx suffered another attack last night, the second in seven months. This time, faulty code was blamed for an exploit that allowed hackers to duplicate assets, or increase their iTokens balance without the appropriate collateral. Reports are circulating that hackers stole cryptocurrencies worth $8 million. But Anton Burkov, Co-founder of 1inch Exchange,…
Bitcoin has faced a strong correction over the past few weeks as legacy markets have collapsed from local highs. The leading cryptocurrency currently trades at $10,250, over $2,000 below the year-to-date high at $12,500. Bitcoin’s on-chain trends remain bullish despite the strong correction. Along with a persistent high count of transactions, it was recently reported…
It’s been quite the past few days for Ethereum, decentralized finance, and the entire crypto industry due to SushiSwap. SushiSwap marked a revolution in how protocols complete; the project, forked from Uniswap, has also marked a revolution in how and if anonymous developers can operate multi-million-dollar protocols. Unsurprisingly, with the unique journey that SushiSwap has…