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Binance CEO Wishes More Defi-Based Ethereum Projects to Join His Platform
Changpeng Zhao, CEO of Binance, welcomed more DeFi projects based at Ethereum to join the Binance Smart Chain (BSC) platform. In a tweet discussion with another user, Zhao explained that this step would lower the load on the Ethereum network, which in turn will lead to a reduction in the gas fees for Ethereum. Zhao […]
Rising transaction fees for Ethereum could be a deal breaker for day traders
Until quite recently, owing to the ongoing DeFi craze, the price of Ethereum seemed to have surged overnight. Indeed, according to many analysts, the explosion of DeFi has been the top driver for growth in Ethereum. Moreover, DeFi’s Total Value Locked figures have grown from below $1 billion at the beginning of 2020 to $10 […]
Microsoft warns digital currency owners about new malware
In a tweet, on August 27, Microsoft Security Intelligence (MSI) warned crypto-currency owners who are also Windows users that their funds in crypto wallets could be in danger due to new malware. The new malware, named Anubis, appears to be using Loki forked code. It robs these Windows users of crypto-wallet credentials, credit card details, […]
Binance creates a platform for the development of new assets
On Sept. 6, the world’s largest crypto exchange Binance unveiled the platform Launchpool. The new platform will allow users to securely farm new assets as well as users will get new token rewards in return for staking BNB, BUSD and other tokens, according to Binance. The first project in Launchpool is the Bella protocol, where […]
Ethereum Classic Up by 3% Today After Third 51% Attack In a Month
The crypto market sent ethereum classic (ETC) prices higher in Monday’s early hours (UTC time), amid reports that one of the top 35 market capitalization crypto networks experienced its third 51% attack in a month. ETC trades at USD 6.68 at pixel time (04:46 UTC) and rises by 3% per day, decreasing its weekly losses […]
Ethereum vulnerable to frontrunners: Researcher
According to Dan Robinson, a research associate with crypto-asset investment company Paradigm, Ethereum may be vulnerable to frontrunners. Robinson said in a blog post that where the weakness lies in the architecture of Ethereum’s mempool. Or a collection of unconfirmed transactions. He said arbitrage bots track transactions pending in the Ethereum mempool and attempt to […]
Japanese Crypto Traders May Be Leaving Altcoins Behind
The vast majority of Japanese crypto traders that have started to enter the market in the past year may invest in Bitcoin only. According to data released by the Japan Virtual and Crypto Assets Exchange Association (JVCEA) on Aug. 19, the dominance of Bitcoin compared to altcoins on the Japanese market in April reached more […]
Japan ‘s Finance Minister: Blockchain Can Help to Combat COVID
Japanese finance minister Taro Aso suggested that blockchain would be key. To the world’s battle against the coronavirus pandemic since the technology can be used to track contacts while ensuring privacy. Aso gave the opening remarks in Tokyo on 24 Aug. for the Blockchain Global Governance Conference. Also is known as the FIN / SUM […]
Bitcoin Whales Are Watching as BTC Loses Momentum
Bitcoin‘s (BTC) price fell 12% in just 5 minutes on Sunday, Aug 2. Ether (ETH) plummeted by 21% in the same span of time and similar losses were observed in many other altcoins. In retrospect, during a time of low volume and liquidity, the general consensus on the cause was an anonymous party unloading around […]
Bitcoin Hash Rate Hits Record Average High With $12K in Sight
As Bitcoin’s price continues to meet the passing resistance of $12,000, its hash rate has hit a new all-time high. Blockchain.com data shows that the seven-day average hash rate for Bitcoin hit a new high of 129,075 TH / s on Aug. 15. The achievement comes after two weeks of relatively sluggish growth in the […]