Tag Archives: AA News

That is until today when the lead developer has submitted the first official proposal for the Phase 0 stage of the migration to Ethereum 2.0.Phase 0 EIP SubmittedEthereum developer Danny Ryan has submitted the first Ethereum Improvement Proposal (EIP) 2982 to the Github repository. This marks the first official step to getting Phase 0, or Beacon Chain, nearer to launch.ITSHAPPENING.GIF@dannyryan has submitted an EIP for eth2 phase 0 ?https://t.co/eqvEDiT3FT pic.twitter.com/NHM3DJ8i4D— Anthony...

Popular DeFi protocol Cream Finance’s staking mechanism has stopped working because of an input error in its smart contract, which has increased the distribution speed ten-fold.At the same time, the Cream Finance (CREAM) token continues plummeting in value and is down by 50% in the past 24 hours alone.Cream Finance’s Tech ProblemThe DeFi protocol took it to Twitter to explain the technical difficulties it’s experiencing. The crCREAM Staking was stopped “for maintenance due to an input...

The Nigeria Securities and Exchange Commission (SEC) has released a proposed cryptocurrency regulation guideline while classifying crypto assets as securities.Crypto Regulations UnderwayAccording to an official release on Monday (September 14, 2020), the Nigeria SEC announced that the commission is looking at a three-pronged approach towards regulating the crypto industry. The SEC also stated that the aim of the proposed regulation was to promote market efficiency and transparency and not...

Swisscom Blockchain will begin work on a cloud-based security layer for Polkadot after it was awarded a development grant by the Web3 Foundation. The security solution will focus on providing an extra layer of security for users who stake coins on Polkadot’s Proof-of-Stake (PoS) network.Swisscom Awarded Web3 Foundation GrantThe Web3 Foundation oversees the development of the Polkadot ecosystem. On September 10th it was announced that the foundation had awarded an undisclosed development grant...

Analyzing Bitcoin on-chain data and market behaviors, a collaborative report published by OKEx insight – the research division of OKEx crypto exchange – and blockchain data firm Catallact reveals that smart money investors and institutional players may have been buying BTC since the COVID-19 outbreak.On the Bitcoin blockchain, as the amount of BTC being transacted increases, the number of transactions decreases. In other words, “the larger the movement of coins on the Bitcoin blockchain, the...

Bitcoin and cryptocurrencies present numerous advantages over the traditional financial systems, including faster transactions, while paying only a fraction of the cost. The decentralized nature, meaning a lack of central authority behind them, has attracted lots of fans, investors, and users over the past decade.However, this same feature could also display some serious issues if one is not careful. Some of these problems could lead to the loss of funds, as the story of Yaniv reveals...

One of the world’s leading and popular Bitcoin derivatives exchanges, BitMEX, has installed Blockstream’s Bitcoin satellite system.It’s a way to download and to verify Bitcoin’s blockchain through a satellite without having to be connected to the Internet. Apart from the fact that one of the leading exchanges is showing open support for Bitcoin, this also showcases exciting features of the world’s largest cryptocurrency and its underlying network.Bitcoin From Space: BitMEX Runs a Full Bitcoin...

In yet another jolt to the decentralized finance (DeFi) community, margin, and leverage-based lending and trading platform, bZx became the target of another hack. In the hack, which was much bigger than the previous attacks, hackers made away with $8 million worth of cryptocurrencies.bZx Hackers Deal 8 Times More Damage To The DeFi Protocol This TimeDeFi lending protocol bZx was attacked again. This time hackers drained a little more over $8 million worth of cryptocurrencies leveraging a...

After the gains registered during the weekend, most cryptocurrencies are retracing today. Bitcoin declined from its weekly top of $10,560 to $10,350, while Ethereum lost 4.5% of its value to $370.Bitcoin Rejected At $10,560During the weekend, Bitcoin broke above the resistance at $10,500. BTC topped at $10,560 yesterday, but it couldn’t maintain its position above that level and quickly fell.As such, the primary cryptocurrency bottomed at $10,220 just a few hours later. It has recovered some...

Bitcoiners in Hong-Kong have come up with a new way to spread awareness of Bitcoin on a large scale.Starting September 11, three double-decker trams decorated in Bitcoin messaging are running concurrently through the streets of Hong-Kong, bearing facts and slogans aimed at educating people about BTC.Earlier in August, the well-known digital currency hedge fund Grayscale also did a massive educational campaign on Bitcoin in the US.Bitcoin Trams in Hong-KongThe educational campaign, launched by...