Monthly Archives: September 2020

Would Bitcoin suffer if the lead maintainers were kidnapped by aliens?

As lead maintainer Wladimir van der Laan takes a break from Bitcoin duties, we ask what would happen if the entire Github maintenance team disappeared. It is a question that many in the crypto community must have asked themselves at least once. The news of Wladimir van der Laan taking a temporary hiatus, prompted us to explore what some might consider to be an improbable, yet highly impactful situation. A Bitcoin Core developer that is also a maintainer of the project’s GitHub account (i.e., someone who can “merge […]

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A DeFi bull run might take $400 Ethereum options traders by surprise

September’s Ethereum call options data are not in favor of traders expecting $400 ETH but a DeFi bull run could change this. Ether (ETH) price gained 14% from its Sept. 6 low at $320, but this month’s futures and options expiry is less than two weeks away. As its price is still pinned below $400, this raises the question of exactly how confident are derivatives traders of a 9% recovery to $400? By analyzing options model pricing, investors can easily conclude that traders are pricing in the […]

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Sushiswap Creator Returns $14 Million After Community Cries Exit Scam

One week after the Sushiswap creator was accused of an exit scam, he has returned all of the coins he cashed out. The anonymous creator also apologizes to the community, including to Binance which came under fire for listing the sushi token. Sushiswap Creator Says ‘Sorry’ The creator of Sushiswap, the anonymous Chef Nomi, has returned $14 million worth of ETH to the project’s developer fund. Chef Nomi tweeted Friday: I have returned all the $14M worth of ETH back to the treasury. And I will let […]

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Digital Assets Data CEO says mainstream finance still doesn’t trust Bitcoin

Bitcoin still has ground to make up in the mainstream world. Following the news of Fidelity Investments’ Bitcoin (BTC) fund filing, Mike Alfred, CEO of analytics outfit Digital Assets Data, described continued hesitancy in mainstream finance when it comes to Bitcoin.  “Many in the traditional financial services/asset management/wealth management verticals remain deeply skeptical of Bitcoin and the ecosystem,” Alfred told Cointelegraph on Sept. 10. “One commenter on my LinkedIn yesterday even called Fidelity’s move ‘Abby’s folly,’” he said, which takes a shot at Fidelity CEO Abigail Johnson […]

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DeFi oracles, explained

Oracles have played a major role in the huge growth of the DeFi ecosystem observed in 2020. What are the most popular DeFi protocols running oracles? Open lending/borrowing protocols such as MakerDAO, Compound, Uniswap and Aave use oracles to fetch external data while running on the Ethereum blockchain. MakerDAO is among the most popular DeFi open lending protocols, and its Dai token is pegged to the U.S. dollar and backed by crypto assets. MakerDAO utilizes an oracles module to determine the real-time price of assets. The module […]

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South Korean exchange traffic has risen sharply since June — Is this why?

The boost may come down to the popularity of one specific token. Data indicates that Coinone, a South Korean exchange, saw its user base rise by about 10,000 people per month after listing Kakao’s klaytn (KLAY) token in June.  The token was listed after Kakao, a tech giant who runs the most popular chat app in South Korea, made crypto transactions a part of their messaging app, KakaoTalk. Shortly after launch, Kakao announced that their messenger’s new crypto wallet function had surpassed 100,000 users in less than […]

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“DeFi will outperform Bitcoin in next five years”, says Pantera Capital CEO Dan Morehead

According to Pantera Capital CEO Dan Morehad, DeFi has more chances to grow 100X in the next five years than Bitcoin. Dan Morehead, CEO and founder at investment firm Pantera Capital, is convinced that DeFi will outperform Bitcoin in the next five years.  In a recent interview with Cointelegraph, Morehead pointed out that despite the poor performance of Pantera’s altcoin funds in 2019, the situation has flipped in the last few months due to the explosive growth of decentralized finance protocols and tokens.  At the end of […]

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Law Decoded: Governments vs. blockchain privacy, Sept. 4-11

Taking account of more aggressive crypto tracking measures and what they mean for future government adoption of blockchain. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.  Editor’s note One of the most persistent myths about Bitcoin is its supposed anonymity. More properly termed pseudonymity, BTC wallets are permanently tied to their public keys. Most of you know that. But it took government investigators years of trying to corral Bitcoin transactions on dark web marketplaces like the […]

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Price analysis 9/11: BTC, ETH, XRP, LINK, BCH, DOT, BNB, LTC, CRO, BSV

Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels. The President of the European Central Bank (ECB) Christine Lagarde said that the coronavirus pandemic has acted as a catalyst in boosting the adoption of digital payments in the European Union. Lagarde expects the majority of the consumers to continue using digital services even in the future. In order to support the digitalization, the ECB has formed a task force, which is “exploring the benefits, risks […]

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Hong Kong’s BTC association pushes ‘Bitcoin Tram’ ad campaign

Another massive Bitcoin ad rolls out in Hong Kong, urging citizens to “be their own bank.” The Bitcoin Association of Hong Kong, a major local alliance promoting crypto awareness and education, is launching the “Bitcoin Tram” ad campaign in Hong Kong; one of the world’s main global financial centres. According to a Sept. 11 announcement, the new ad campaign composes three double-decker trams fully covered with Bitcoin logos and ads alongside 20 similarly-designed billboards across the city. Hong Kong’s Bitcoin Association said in the announcement that the […]

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