Category Archive: Cryptocurrency, No picture
Tether Reveals Assets Backing USDT
Key Takeaways Tether’s latest accounting report reveals that the majority of its reserves are composed of liquid assets in the money market and short-term debt securities. The firm held 1.64% of its $41 billion reserves in digital assets as of Mar. 31, 2020. Independent account firm Moore Cayman attested the report as “correctly stated.” This […]
DeFi Staple UMA Launches “Optimistic Oracle”
Key Takeaways UMA has launched a new system that resolves price requests without relying on an oracle for data. The system works “optimistically,” meaning disputes are only raised if the requested data is wrong. UUMA launched as a DeFi platform for synthetic assets but hopes to become a powerful tool for building any kind of […]
Crypto Market Tumbles After Tesla Halts Bitcoin Payments
Key Takeaways Elon Musk has announced that Tesla will no longer accept Bitcoin payments, citing environmental concerns. Tesla will still hold onto its Bitcoin and look for sustainable mining solutions, Musk says. Bitcoin, Ethereum, and various other crypto assets have dipped in response to the news. This news was brought to you by Phemex, our […]
Vitalik Buterin Has Dumped His Unsolicited Doge-Clones
Key Takeaways Ethereum creator Vitalik Buterin has dumped several unsolicited Dogecoin knockoffs that recently arrived in his wallet. Various projects gave their tokens to Buterin in order to “burn” the coins, but Buterin never agreed to participate in the plan. So far, Buterin has given away more than 50 trillion SHIB tokens and donated more […]
Christie’s $17 Million CryptoPunks Sale Sparks Criticism
Key Takeaways Nine CryptoPunks, including a rare Alien Punk, went on sale at Christie’s on Monday, fetching $16.9 million for the lot. Miniature physical versions of the Punks were hidden around the Christie’s gallery ahead of the auction, leading many NFT fans to criticize the gallery’s non-prominent display. The sale, conducted in fiat, was overshadowed […]
Move Over Chainlink, UNI Might Offer a Better Oracle
Key Takeaways UNI tokens could be used to relay a secure price feed for ETH/USD due to Uniswap’s high market cap. A higher market cap means acquiring enough UNI tokens to create an oracle attack would be too expensive for hackers. Vitalik Buterin said Chainlink’s current incentive system is not perfect and Chainlink is better […]
ETH Becoming “Ultra Sound Money,” Says Vitalik Buterin
Key Takeaways Vitalik Buterin has shared his thoughts on ETH’s potential as a form of money in a podcast about “legitimacy.” Buterin argued that legitimacy and social contracts control resources associated with blockchains like Ethereum. He also said that NFTs have played a key role in giving Ethereum legitimacy. Is ETH money? Vitalik Buterin seems […]
Yearn Finance Taps into Crypto’s Unit Bias With Woofy Token
Key Takeaways Yearn Finance released “Woofy” as an experiment to see if unit bias hindered the value of its YFI token. Since the release, YFI has seen a sharp rise in its price and Woofy is in the top 10 most traded coins on Uniswap v3. Yearn’s team is currently working on bridging Woofy to […]
Gaming Giant Kinguin Taps Immutable X for NFT Offering
A leading games marketplace, Kinguin is now entering the booming NFT sector. Kinguin Announces NFT Gaming Cards Immutable X recently launched to ease the high costs and slow transactions inherent in blockchain technology. And amidst the latest crypto boom, the launch was welcome. Within the first 24 hours, the solution saved users over $400,000 in […]
DeFi Project Spotlight: Trading On-Chain Ethereum Derivatives With Oiler Network
Key Takeaways Oiler is an on-chain trading protocol for blockchain parameters like gas fees or network hashrate. Oiler’s clients will most likely be Ethereum power-users like exchanges, wallet operators, or Layer 2 providers. Oiler functions without oracles. All information they use is available directly on the blockchain, thus limiting oracle attack risks. This news was […]
