Monthly Archives: September 2020

SushiSwap has officially migrated away from Uniswap after a week of ups and downs

SushiSwap’s wild ride continues as the platform officially becomes the largest DEX by liquidity. SushiSwap, one of the latest decentralized finance, or DeFi, projects to overtake the Blockchain space, has turned a major page in its short life span. As of September 9, the protocol has officially completed a migration over to its own decentralized exchange platform.  “Done,” SushiSwap head Sam Bankman-Fried said in a tweet at 3:10 p.m. EST on Sept. 9, concluding a thread about the project’s migration.  Several hours prior to the transition’s completion, Bankman-Fried […]

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Ethereum Foundation announces $3.8M in new grants

The funds will go to 28 companies working on the Ethereum blockchain. The Ethereum Foundation has announced that over $3.8 million in grants will be awarded to teams working on the Ethereum blockchain. In a Sept. 8 post published on the Ethereum Blog, the Ethereum Foundation, or EF, announced that it has given grants to teams as part of its ecosystem support program during Q2 2020. The categories included teams focusing on community and education, cryptography and zero-knowledge proof, or ZKP, developer experience, Ethereum 2.0, and Layer […]

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‘My heart is crypto’ — Dave Portnoy says he’s back into Bitcoin trading

After a brief hiatus from crypto trading, Dave Portnoy says he’s coming back to Bitcoin, but are there other reasons for his return? Dave Portnoy, the founder of Barstool Sports, is coming back to Bitcoin (BTC) after abruptly abandoning trading digital currencies when his Chainlink (LINK) investment went belly up. In a recent video, Portnoy said his “heart is crypto” and would make a return to the cryptocurrency market soon. The internet personality, who became a popular day trader after the coronavirus pandemic, entered the Bitcoin market […]

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Developers propose a solution against ‘stealth mining’ to Ethereum Classic community

Would any well-intended miner propose a deep chain reorganization? Earlier today, Dexaran presented its solution to the Ethereum Classic (ETC) community aimed at preventing future 51% attacks. The presentation came a week after Cardano’s IOHK introduced its checkpointing proposal. Dexaran notably used IOHK’s Crowdcast channel for its competing solution. This new proposal is founded on the assumption that many 51% attacks involve so-called “stealth mining”, where an attacker, in isolation, would secretly mine a longer fork of the chain. This technique was used in a recent attack on […]

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Blockchain’s demographics seem to be shifting in surprising ways, says new report

The reasons behind these changing tides were not immediately apparent, however. People in their 20s and 30s now appear to make up the majority of crypto traders worldwide. This represents a shift away from previous numbers, which indicated not so long ago that people in their 30s and 40s made up Blockchain’s main demographic. According to a Sept. 7 report from BitFlyer, the biggest crypto exchange in Japan by trading volume, the ratio of its users in their 20s doubled in the EU, Japan, and the United […]

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Crypto markets ‘between a rock and a hard place,’ Peter Brandt says

Both Bitcoin and Ethereum appear to be treading water. Peter Brandt, long-time trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on the current crypto market, describing the price action stuck between two difficult giants.  “Bitcoin and Ethereum — those really, for me, is where the game is played,” Brandt told Cointelegraph in a Sept. 9 interview when asked about his thoughts on Bitcoin for the days and months ahead. As the two largest market cap assets in the crypto space, BTC and […]

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Owning a Bitcoin ATM is about to get a lot harder in Germany

Blockchain regulation continues to increase and it isn’t likely to slow down any time soon. In an effort to increase the country’s legal overwatch, Germany now says Bitcoin (BTC) ATMs require regulatory approval before they are allowed to operate. ATMs that offer assets such as Litecoin and Bitcoin now requires a license from Germany’s financial regulator, BaFin, a Sept. 8 statement from the entity said.  “Proprietary trading is a financial service and financial commission business is a banking business, for which prior approval from BaFin is required.” […]

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3 reasons why the Bitcoin dominance metric is a flawed indicator

Bitcoin dominance rate is a metric cited by many when forecasting altcoin and BTC rallies but is the indicator reliable? Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there’s an argument that the market share indicator makes less sense as time goes by. One point to note is the staggering growth of the stablecoin industry. As Tether (USDT) and USD Coin (USDC) have seen their […]

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Targeted by IRS? What Cryptocurrency Owners Should Know

The U.S. Internal Revenue Service (IRS) has started sending out new letters to cryptocurrency owners suspected of owing crypto-related taxes. A tax expert has shared with news.Bitcoin.com what crypto owners should know, including how to handle tax letters from the IRS and avoid an audit. How to Deal With IRS Letters The IRS has ramped up its efforts to ensure that cryptocurrency owners pay all crypto-related taxes. It has begun sending out a new round of tax letters similar to the ones sent to about 10,000 crypto […]

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USDC now capable of 1000 transactions per second with near-zero fees

The asset’s new multichain partner makes it so. As part of an initiative bringing stablecoin USD Coin (USDC) to other blockchains, USDC is now available on the public Algorand blockchain. This is in addition to its existing availability as an Ethereum-based token.  Offering USDC on Algorand gives the asset layer 1 scalability, touting more than 1,000 transactions per second, or TPS, while costing less than a penny in fees (1/20 of one cent to be precise), said a statement provided to Cointelegraph.  “This is a defining milestone […]

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