Author Archives: creative

Down to the Wire: Yam Finance Saved at the Last Minute

Catastrophe has been narrowly averted by YAM Finance after the DeFi community rallied in support of a campaign to recapture governance over the protocol. After a tense day, the most talked about new decentralized finance (DeFi) protocol YAM Finance has overcome a near-catastrophic code error.  The future of Yam Finance was abruptly thrown into question earlier today when a bug in the protocol’s code resulted in excessive YAM reserves being minted — rendering it “impossible to take any future governance actions.â€� The project quickly asked for community […]

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Boom! Kraken Predicts Imminent Bitcoin Price Rally of Up to 200%

After record strength in the Bitcoin markets at the end of July, Kraken is predicting that BTC could see price gains of up to 200% over the coming weeks and months. Major U.S.-based crypto exchange Kraken has released a report predicting that Bitcoin (BTC) will rally by between 50% and 200% in the coming months. The report notes that Bitcoin posted a 21-month low for volatility on July 24 of just 23%, and stated that BTC’s 12 historic volatility lows (of between 15% and 30%) have typically […]

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Global P2P Bitcoin Trading Volume at Highest Point Since Jan. 2018

The global P2P markets are pumping, with numerous African and Latin American markets touching new all-time highs for volume. Combined global peer-to-peer (P2P) Bitcoin trading volumes have surged to their highest levels since January 2018, with nearly $95 million worth of Bitcoin (BTC) changing hands on Localbitcoins and Paxful in the first week of August. The spike comes as many Latin American markets have seen trade activity rally into new highs over recent weeks, with the Bitcoin P2P markets in Argentina, Mexico, Chile, Bolivia, Honduras, Paraguay, Uruguay […]

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Tron’s BitTorrent Network Reaches 2 Billion Downloads

Tron’s BitTorrent clients have been downloaded two billion times, but the BTT token remains down 74% from the ATH. Peer-to-peer file sharing service BitTorrent, and little brother uTorrent, have now been downloaded more than two billion times on various platforms. Last year the network accounted for 3% of all downstream, and 28% of all upstream, traffic across the internet. The company attributes the figures to the “longstanding popularity of its classic desktop torrent clients, as well as its new web-based torrent downloader and player built for the […]

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CoinList Exchange Struggles, but NEAR Disaster Averted

Despite selling out in less than three hours, CoinList’s second attempt at hosting NEAR’s final tokensale saw the platform struggle as investors rushed to participate. CoinList’s second attempt in 24 hours at hosting NEAR’s final token sale saw the exchange once again buckle under a flood of traffic from prospective investors. NEAR’s final sale before mainnet was originally planned for August 11, however, the token sale was abruptly postponed by 24 hours after investors were left clicking refresh and filling out captchas for 90 minutes while unable […]

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Bitcoin Users Leery of Tor: 23% of the Network’s Exit Capacity Compromised

Hackers are stealing bitcoin through the large-scale use of malicious relays on the Tor network according to a newly published research report on the subject. The researcher dubbed “nusenu” said he warned people about the growing problem in December 2019 but instead of improving Tor exit relay activity “things have become even worse,” he stressed. Malicious entities have made visitors of the anonymous communications protocol the Tor network vulnerable to attacks. Tor is a browser and open-source software that directs a person’s web traffic in an obfuscated […]

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Five Hours to Failure: The ‘Save Yam’ Proposal Is Falling Short

A Yam Finance code flaw saw the project ask investors to pledge to save the platform. Not enough have. The future of the Yam Finance yield farming protocol hangs in the balance as it awaits token deposits for a governance vote that could save the project. With less than five hours to go, Yam is only a third of the way towards the 160,000 tokens required. A code bug discovered earlier today in one of Yam Finance’s smart contracts sent the hottest thing in DeFi into a tailspin […]

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Coming Soon: Craig Wright The Movie (and Book)

Calvin Ayre, the most high profile supporter of Craig Wright, is funding a new documentary and book about the life of the Satoshi claimant. Bitcoin SV benefactor Calvin Ayre has announced he’s funding a documentary centered around the life and times of Craig Wright, the Australian man who claims to have invented Bitcoin. According to an Aug. 12 tweet from Ayre, the billionaire BSV backer and nChain board member has already given the go ahead to filming and provided an ‘in-production’ still. Ayre said he has hired […]

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Ethereum Network Hashrate Hits 20-Month High as DeFi Tokens Rally

Ethereum’s hashrate recently surged to a 20-month high but will ETH price follow? New data from glassnode and Etherscan show Ethereum’s hashrate has risen to a 20-month high and this has led some optimistic traders to suggest Ether price will continue to rise to new highs in 2020. The explosive increase in Ethereum’s hashrate appears to be heavily influenced by the rapidly growing Decentralized Finance (DeFi) sector and at the time of writing is hovers around 201,000,000 GH/s, a level not seen since 2018. Ethereum network hashrate […]

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Trump’s Proposed Capital Gains Tax Cut Could Boost Crypto Profits

A proposed capital gains tax cut could be good news for crypto traders in the U.S. A proposed tax cut by U.S. President Donald Trump could be a big win — or a relatively insignificant win — for the crypto industry if it is passed. In a news conference at the White House earlier this week, President Trump said that his administration was “very seriouslyâ€� considering a capital gains tax cut. “We’re looking at also considering a capital gains tax cut, which would create a lot more […]

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