Monthly Archives: September 2020

SushiSwap GM says “Talk doesn’t mean anything and code shows everything”

Skepticism is always wise in the Blockchain space, even if a project turns out to be on the level. SushiSwap, a fork of the popular Uniswap exchange and one of the latest breakouts of the DeFi craze, has undergone its fair share of scrutiny in recent days — and fairly so. The platform’s token, known as Sushi, quickly came to represent 77% of the action on Uniswap as of Sept. 1, garnering more than $1.5 billion in locked value less than a week from its inception.  Many have […]

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Perfect storm leads to big sell-off for Bitcoin and DeFi: Weekly recap

A sharp correction in equities markets led Bitcoin price and DeFi tokens to sell-off sharply but have investors turned bearish? Digital asset markets were on a parabolic surge until investor confidence took a major hit to close out the week with a bearish tilt due to a perfect storm of negativity. Before reading the rundown, catch up on the most-read stories centered around the price of Bitcoin, the macroeconomic picture and the DeFi phenomenon gaining traction.  Bitcoin price, stocks and gold plunge in tandem — What’s next? […]

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Unlimited QE and an Index Portfolio: How Fed Chair Jay Powell Can Pump His Bags

In mid-August the U.S. stock market defied odds and mainstream media claimed after the Standard & Poor’s 500-stock index touched new heights on August 18, it ‘officially’ ended the “shortest bear market in history.” Interestingly while roughly 30 to 40 million Americans face the risk of eviction, the 16th Chair of the Federal Reserve, Jerome Powell, is profiting from all the stock market craziness. The U.S. economy is facing financial disaster after the country’s government decided to enforce harsh lockdowns and shutdown over 60% of the nation’s […]

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IOHK’s proposal for the ETC community could use Cardano or Bitcoin for prevention of 51% attacks

Will Ethereum Classic’s community accept this new solution from Charles Hoskinson’s IOHK? Earlier today, IOHK presented its checkpointing proposal to the Ethereum Classic (ETC) community. This is meant as a short-term solution for preventing future 51% attacks. In the past several weeks, the network has suffered a number of such attacks, which has cast doubt on ETC’s future. One of these attacks cost OKEx $5.6 million. In the wake of these problems, several exchanges increased validation times for ETC transactions.  Checkpointing consensus. Source: IOHK presentation. As its […]

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New Exchanger for Cryptocurrencies From Swep.io: Speed, Convenience and No Limits of Exchange Operations

A team of professional developers from Estonia is launching a new crypto exchanger Swep.io. Being extremely enthusiastic about making a name on the market Swep.io team has serious plans on improving and adding features into their brainchild. Swep.io users can already choose from more than 121 crypto coins in order to proceed in exchange operations legally having in mind refilling the list of the coins in the shortest time. Swep.io is a service that will unite services for the exchange of cryptocurrencies, as well as their safe […]

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Ethereum devs discuss gas optimizations, but it will probably be too little too late

Developers see the problem, but there is little they can do right now. An Ethereum All Core Devs call was held on Friday to discuss a variety of Ethereum Improvement Proposals as gas fees on the network remain historically high. The agenda included several discussion points on high gas prices and ways to mitigate the issue. Alexey Akhunov, an independent Ethereum researcher, opened with a comment on the existence of gas tokens and how they could push prices higher than normal. He highlighted how the mempool is […]

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Sub-$10K Bitcoin price caused $653M open interest drop, largest since March

Pro traders bullish sentiment softened after Bitcoin futures open interest fell in tandem with traditional markets which also recorded notable losses. Bitcoin (BTC) futures open interest just had its most extensive daily reduction in five months. Yesterday’s 11% drop move caused more liquidations than May 9 when BTC plunged 12.5% to $8,600. BTC futures open interest in USD terms. Source: Skew Skew data shows total open interest down by $653 million, reaching $4 billion on Sept. 3. That figure includes perpetual (inverse swaps) and futures with set […]

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Criminals Target Privacy Coins: How To Avoid Downloading Fake Wallet Apps

Reports in the past few weeks detail that bad actors are targeting two privacy coin projects, Monero and Zcash, adding to concerns about the growing rate of security incidents involving blockchain networks. Such incidents, as well the repeated 51% attacks on the Ethereum Classic network or the Electrum wallet breach, suggest criminals are becoming more sophisticated. Still, bad actors sometimes use less sophisticated methods and appear to get away with it. For instance, the security breach targeting Monero users emerged after scammers created a fake Mymonero android […]

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Law Decoded: Public companies, private markets, crypto offerings and you, Aug. 28–Sept. 4

In light of newly expanded qualifications for accredited investors, Law Decoded looks at recent interactions between crypto and public companies. Editor’s note It is a cruel twist of fate that during the first hiatus week in Law Decoded’s existence, the SEC put out long-awaited updates to accredited investor qualifications. Upon reading the news, your faithful and ever-vigilant policy editor put down his phone, cast a wistful eye upon the sun’s reflection dancing in the midground of the Atlantic Ocean. Bracing himself with a deep quaff of Corona, […]

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Yellow Card CEO reminisces about losing his life savings on LocalBitcoins

Early mistakes can mean big losses. In his college-aged days, Chris Maurice, the CEO of African crypto exchange Yellow Card, said he put his life savings into Bitcoin (BTC), finding it stolen shortly after.  “Bitcoin was about $200 at the time, and I decided basically I was just going to dump my entire savings account into into it,” Maurice told Cointelegraph in an interview. Maurice said he had approximately $5,000 in his savings back then, with which he bought roughly 21 BTC. “I was holding it all on […]

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