x
Ethereum Co-Founder Quits Crypto, Cites Safety Concerns
Anthony Di Iorio, a Canadian entrepreneur known as an early Bitcoin investor and co-founder of Ethereum, has announced that he is distancing himself from the crypto world due to safety concerns.
With his withdrawal from the crypto space, Di Iorio will be selling his blockchain firm, Decentral Inc., and cut off ties with several other crypto startups that he’s been involved with since 2013. Di Iorio announced his retirement from Decentral two years ago, leaving as a part of the advisory board. However, he soon came back to the firm to play a management role. Read More
DAOs: How They Give Power Of Governance To The Community
DAOs or decentralized autonomous organizations are an integral part of the blockchain world as they ensure that a project is transparent and decentralized. The crypto world has been flirting with the idea of a DAO since Bitcoin managed to remove intermediaries from the crypto transactions. The next step to revolutionize the DeFi world was to create an organization that does not support hierarchical management. Read More
Proof Of Work Is Outdated — It’s Time To Switch Our Attention To Proof Of Stake
In the Cryptocurrency industry, there are two ways to mint and generate tokens for a blockchain; Proof of Work (POW) and Proof of Stake (POS) networks. They're similar due to their composability across the industry but differ greatly in their energy consumption and long-term viability. Read More
Crypto experts see Bitcoin replacing fiat money in 20 years
Bitcoin's (BTC) current price slump has failed to dampen some experts' optimism regarding the world’s biggest cryptocurrency.
In a new survey by personal finance comparison platform Finder.com, half of the respondents believe Bitcoin will surpass fiat money, or central bank-issued currencies, by 2040. Read More
Four North American Bitcoin miners that could benefit from the East-West shift
With China seemingly out of the equation, North American Bitcoin miners are looking to exert hash rate dominance.
Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers to acquiring hardware inventories, these establishments have been making concert efforts to balance the hash-power dichotomy between the Eastern and Western hemispheres. Read More
DeFi Project Aave to Release Ethereum-Based Twitter Alternative This Year
Decentralized finance giant Aave will launch an alternative to Twitter using Ethereum this year, the protocol’s founder told Decrypt.
Stani Kulechov, founder and CEO of DeFi lending protocol Aave, said that users will be able to monetize the content they post and govern the rules of the network.
“We believe that content creators should own their audiences in a permissionless fashion, where anyone can build new user experiences by using the same on-chain social graph and data,” he said. Read More
Bitcoin Mining Gets 5% Easier in Latest Difficulty Drop
It hasn’t been this easy to mine Bitcoin since last January. Bitcoin’s difficulty level, which determines how difficult it is to mine the cryptocurrency, fell by a further 4.81% today in its latest fortnightly drop, according to data on BTC.com.
To clarify: it’s easier to mine Bitcoin pretty much anywhere but China, where it has become decidedly more difficult after the government cracked down on the industry, forcing miners out of the country and plummeting the hash rate. Read More
Major Korean Bank Set To Provide Cryptocurrency Custody Services
Woori Bank, the South Korean financial institution, enters the DACS (cryptocurrency custody services) market.
The Woori Financial Group will start offering its client cryptocurrency custody services. It is among the largest South Korean financial institutions. Read More
Markethive is building an epic entrepreneurial ecosystem, never seen before and transcendent to other social media and marketing platforms. The transformation is enhanced with our release of the first of many initiatives being the Wheel Of Fortune and the launch of The Boost to follow soon after.
With Markethive now running on its own servers, with the security of Blockchain and its Hivecoin about to be released as a native fungible multi-asset token on Cardano, we have arrived as the first mega decentralized social platform marketing network with the mission is to deliver a decentralized and autonomous environment to the masses, that is not subject to the oppressive technocracy.
Markethive has infused the power of Inbound Marketing into the News Feed and infused the power of the social network into the Inbound Marketing platform, which means it’s an enhanced Social Network hybrid. It’s where the needs of the entrepreneur, marketer, business, and corporation are not only met but put at the forefront.
Markethive’s evolutionary and innovative ethos is showcased with the introduction of Markethive’s unique combined news feed interface. Plus, the social market network’s ability to build a massive database management system on the decentralized blockchain with its crypto, Hivecoin, as a native token which is a fungible multi-asset token along with the Markethive Wallet App. All are coming soon. Read More
Jackson, Tennessee Mayor Praises Bitcoin's Benefits Against Inflation, Aims to Create a BTC Hub
Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with bitcoin.
Jackson, Tennessee’s Mayor Is a Fan of Bitcoin, He Wonders Why We Accept Inflation. Read More
Cardano Holding Up Well for These Reasons, According to Crypto Analyst Benjamin Cowen
Top crypto analyst Benjamin Cowen is outlining why he believes scalable blockchain platform Cardano (ADA) is performing well amid a broader corrective period in the crypto markets.
In a new video, Cowen reasons that the fifth-largest asset by market cap is trending well because its platform is easy to use and to validate. Cardano’s validators store a copy of the blockchain and are paid in ADA for their energy and services. Read More
Binance Burns Almost $400 Million Worth of BNB, Price Unfazed
Binance completed another quarterly burn of BNB. This time, however, the price failed to react.
One of the most highly anticipated events in the Binance community is the quarterly burn of Binance Coin (BNB). This time around, the company burned almost $400 million worth of it. Read More
ShapeShift to decentralize entire company, begins with record airdrop
ShapeShift, a leading global cryptocurrency management platform has begun dismantling its corporate structure to decentralize governance to its customers through its FOX token.
The process was initiated with 340 million FOX tokens being granted to more than a million recipients, making it the largest crypto airdrop in history. Current and past ShapeShift users, KeepKey hardware wallet owners, and users of other DeFi protocols all received tokens. Read More
Ethereum, Solana, Polygon & Co Form A New Hot Market Of Blockchains
Most chains are vying with Ethereum for a share of the smart contract/dapp space.
We’re now also witnessing a greater number of supplementary/ancillary chains.
An increasing number of them are being privately funded by venture capital. Read More
SushiSwap Proposes Smaug Debt and Bond Treasury Management
Decentralized exchange (DEX) SushiSwap is mulling ideas on how to raise funds for protocol treasury without negatively impacting its community.
In a governance proposal on July 18, Cinneamhain Ventures partner Adam Cochran suggested partnering with other DeFi protocols such as UMA and Yearn to build a debt-based treasury management protocol on top of Sushi’s ecosystem. Read More
Decentralization questions raised as devs pause THORChain protocol after $7.6M exploit
DeFi’s spectacular growth continues to bring limitless opportunities and financial perils to cryptocurrency users. Exploits and hacks have been very common in this fast-growing segment.
As THORChain has suffered its second security breach in less than a month, questions regarding the decentralized nature of this decentralized finance project were raised for the millionth time. The attackers reportedly siphoned off $7.6 million or more in crypto-assets. The official numbers are still disputed. Read More
Cardano Gets Closer to Smart Contracts With Latest Upgrade
Cardano has completed another phase of its multi-stage Alonzo upgrade that will allow the network to offer smart contracts. On July 14, Input Output HK(IOHK), the company behind Cardano, announced that it has deployed the project’s latest testnet, dubbed Alonzo White, and onboarded new participants who will help the project move closer to smart contracts. Read More
WHAT IS TERRA? HERE IS EVERYTHING YOU NEED TO KNOW ABOUT THIS HOT CRYPTOCURRENCY
Terra is a blockchain project developed by Terraform Labs. It powers the start-up cryptocurrencies and other financial apps. The start-up cryptocurrencies include the Terra U.S. Dollar or UST, which is pegged to the U.S. dollar through an algorithm.
Terra has now become a rising hot cryptocurrency. Here is your guide to it. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
