Monthly Archives: November 2020

US Government labels Virgil Griffith’s argument to dismiss sanctions charges ‘absurd’

Government lawyers implied that citizens could legally pass along nuclear secrets to North Korea if held to the same standards as Griffith. Lawyers representing the United States government have filed a legal memo opposing the dismissal of charges for Virgil Griffith, a former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People’s Republic of Korea, or DPRK. According to court records filed Nov. 19 in the Southern District of New York, prosecutors’ referred to Griffith’s Oct. 22 argument to dismiss the charges […]

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BlockApps launches Ethereum-based Agritech network in collaboration with Bayer

The new Ethereum-based network aims to track the life cycle of agricultural products, and counts a pharma giant among its users. On Nov. 18, blockchain solutions provider BlockApps launched a blockchain-based agricultural crop tracking network called “TraceHarvest” — and one of the largest companies in the world, Bayer, is among its first users.  TraceHarvest reportedly provides users with the ability to trace the life cycle of agricultural products starting from the source of seeds, all the way to defining the responsibilities of each party involved in the […]

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Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, DASH

Bitcoin’s sharp bounce off the intraday lows today indicates a possible move to all-time highs and select altcoins may join the party. Bitcoin (BTC) has made a stellar comeback from its March lows in 2020 and this performance is getting noticed by institutional investors. Recently Rick Rieder, BlackRock’s CIO of fixed income, said that Bitcoin could replace gold as it is “more functional than passing a bar of gold around.” Comments like these are a positive sign as they demonstrate that the narrative of Bitcoin being increasingly […]

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Decentralized insurance protocol Cover holds vote to cover Pickle hack

If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000. In what might be an important step towards the maturation of the decentralized insurance space, a claim was filed yesterday with DeFi insurance protocol Cover following the $19 million Dai hack of Pickle Finance — and so far, the majority of users want to see a payout happen. According to the claim on Cover’s website filed Nov. 21, there have been 99 votes at the time of publication […]

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Slow and Empty Blocks With a Mysterious Message – ABC’s New Chain Off to a Rocky Start

On November 15, 2020, the Bitcoin Cash blockchain experienced a network upgrade and a bifurcation of the chain as well. While the Bitcoin Cash network continued on smoothly, the ABC pro infrastructure funding plan (IFP) side of the chain had a rocky and extremely slow start. Since the 15th, the nameless ABC chain has seen 197 blocks processed to-date, as a few miners are pointing hashrate at the network keeping the new blockchain going. Just recently Bitcoin Cash (BCH) endured a network upgrade and a consensus split […]

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Battle of the Gigabrains: Vitalik Buterin to match wits with chess master

Prediction market activity shows that few bettors think Vitalik Buterin has a chance against the Canadian master At 9 pm EST tonight, Ethereum co-founder and figurehead Vitalik Buterin will face off against chess streamer National Canadian Team player Alexandra Botez in an match event live-streamed on Twitch.  The event came about following a series of matches and conversations held by members of the Ethereum-focused Bankless podcast and newsletter. After Vitalik participated in a handful of matches, Botez threw down the gauntlet: @VitalikButerin I’m a chess streamer and […]

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How has the COVID-19 pandemic affected the crypto space? Experts answer

Experts in blockchain technology and crypto take on the question: What impact has the COVID-19 outbreak had on the industry? Who could have imagined a year ago how different our lives would be in just 12 months? Without any doubt, last November will remain a significant point in humanity’s history — the time when it all started. Although “patient zero” has not yet been confirmed — if it ever will be at all — we now know that everything began in China back on Nov. 17, 2019, […]

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KuCoin inches closer to recovery by reopening deposits and withdrawals

After a crippling hack, KuCoin looks to return to normalcy — but what’s next for the troubled exchange? In the latest step towards full recovery after a devastating hack in September, Crypto exchange KuCoin announced today in a blog post that it has “restored the deposit and withdrawal services of all tokens.”  The announcement follows a partial reopening that took place in October where users could move their BTC, ETH, and USDT off the exchange. This latest step opens withdrawals and deposits to all coins and tokens, […]

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Ethereum 2.0 to boost DeFi but delayed launch may set the network back

The launch of Ethereum 2.0 is bound to support DeFi growth, but would it be capable of handling the pace at which DeFi is growing? This deposit contract is the first step that would eventually lead to the launch of Ethereum 2.0. If to consider that the launch will go down successfully, Ethereum will ship the Beacon Chain and introduce proof-of-stake to the ecosystem, which is currently based on the proof-of-work, another consensus algorithm that is based on mining. Shard chains would be the next upgrade to […]

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Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all. Moreover, while many defi supporters claim these platforms offer greater privacy, examples now show that most everything can be seen onchain connecting ethereum addresses to identities and companies. Exploits and Flash Loans Are Becoming Commonplace […]

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