Cryptoverse in Chaos: Giants Race for New DeFi Darling, Curve, Yam Plots Comeback

Winklevoss Helped Barstool Sports’ Portnoy Buy More Bitcoin, Chainlink

After first admitting that he doesn’t understand Bitcoin (BTC), but that he wants to learn about it so he can get rich, the popular blogger and Barstool Sports founder Dave Portnoy has released the highlights from his meeting with the Winklevoss twins. In the video, Portnoy with Tyler and Cameron Winlevoss, both co-founders of the US-based Gemini exchange, discussed everything from how to buy BTC, to how mining works, and why BTC is a better form of money than gold, which they said will “rain pl...
Winklevoss Helped Barstool Sports’ Portnoy Buy More Bitcoin, Chainlink

Multimillion DeFi Experiment YAM Gets Rotten as Bug Eats Its Market Cap

The 'Save YAM' operation failed, as a flaw that prevents the hottest, two days old decentralized finance (DeFi) project from being rescued has been discovered. However, the team behind it announced the project's second version. According to the latest update,Yam Finance (YAM) discovered that the existing code bug would "interact with the governance module and prevent this proposal from succeeding" - the one on which the project fate rested. As for what happens to YAM now, the team s...
Multimillion DeFi Experiment YAM Gets Rotten as Bug Eats Its Market Cap

Alarm Sounds As Hot & Unaudited DeFi Potato, YAM, Locks USD 387m In Hours

Apparently, decentralized finance (DeFi) is not risky enough for some people - the riskier the better(?). These have found a new thing to make seemingly popular, namely, pouring millions in an experimental and unaudited project. First, there was yield farming in the wild world of DeFi, spiced up with governance tokens, and now some yield farmers have turned from already, objectively risky business to a freshly launched DeFi project - YAM. Since its debut on the Uniswap decentralized exchange y...
Alarm Sounds As Hot & Unaudited DeFi Potato, YAM, Locks USD 387m In Hours

Ethereum's Supplygate Has Nuanced Answers & Hard Questions On Money

Following another heated Bitcoin (BTC) vs. Ethereum (ETH) debate, it looks like there is still no consensus on the exact supply of the world's second-most valuable cryptoasset, ETH - or if it even matters. However, there is an approximation. (Updated at 12:51 UTC: updates in bold.) It's a tale as old as ether-time: a story of a coin which the crypto-villagers have claimed for years has an infinite supply, wondering how and why. Others have been pointing out that there is a discrepancy in...
Ethereum's Supplygate Has Nuanced Answers & Hard Questions On Money

Bitcoin Mining Difficulty Climbs Again, Miners Selling More BTC

Bitcoin (BTC) mining difficulty is getting closer to the 17 T zone, as it went up again - meaning, Bitcoin miners' job just got slightly more difficult, while they're spending more of their coins. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up by 0.59%, but that was not enough to push it over the 17 T level, raising the difficulty to 16.95 T. Though an accomplishment, this is not another all-time high, as that honor belongs to 17.35 T w...
Bitcoin Mining Difficulty Climbs Again, Miners Selling More BTC

Chinese Province Says It Will Nurture 20 Blockchain Companies by 2022

Hebei Province, China, has embarked on an ambitious three-year blockchain development plan – and has pledged to foster 20 “leading” blockchain firms by 2022. Per Shanghai Securities News, the plans were unveiled by the IT arm of the Hebei Communist Party of China Provincial Committee Secretary. The authority stated that its goals for the end of 2022 were the following: establish 20 “leading” blockchain-related firmsfoster a number of blockchain apps and/or productscreate 1-3 nationally recognize...
Chinese Province Says It Will Nurture 20 Blockchain Companies by 2022

Crypto Listing and Delisting Announcements: Week 32

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. __ Bibox Listings: DeFiPie (PIE) Bilaxy Listings: Crypto Village Accelerator (CVA) PAC Global (PAC) VN Network (VN) PolyPux (PUX) UCX (UCX) Binance Listings: yearn.finance (YFI) Balancer (BAL) Travala (AVA) Leveraged tokens: BNBUP, BN...
Crypto Listing and Delisting Announcements: Week 32

Bitcoin Rallies to New Yearly High, Outperforms Ethereum; Chainlink Flips Litecoin

The most popular cryptocurrency, bitcoin (BTC), rallied to a new yearly high in early Monday hours (UTC time), outperforming all but one coin in the top 10. At pixel time (03:33 UTC), BTC trades at USD 12,037 and is up by 2.3% in a day and almost 8% in a week. Earlier today, it hit almost USD 12,043, compared with USD 12,041 reached on August 2 when it crashed in minutes. The price is also up by 29% in a month and 5.7% in a year. BTC price chart One of the best-performing tokens this year, ethe...
Bitcoin Rallies to New Yearly High, Outperforms Ethereum; Chainlink Flips Litecoin

Here’s How US-China Tensions Might Benefit Bitcoin

US-China tensions have increased in recent weeks. The US economy has weakened in parallel, while some analysts speculate that it has also helped to push the price of bitcoin (BTC) to just below USD 12,000. While the further deterioration of US-China relations could benefit Bitcoin, crypto industry figures told Cryptonews.com that sanctions against China could potentially result in BTC being used as a hedge, while the development of a digital yuan could push the US into developing a digital dolla...
Here’s How US-China Tensions Might Benefit Bitcoin

Unchained DeFi Unicorns – The Next Wave of Billion Dollar Companies

Keld van Schreven is the Managing Director and Co-Founder of KR1 plc, the London listed cryptoasset and blockchain investment company. __ This summer has seen the start of a new hype cycle in technology and finance. The movement is called DeFi, which stands for Decentralised Finance and the good news is that you can get involved and join it too. DeFi really started with the Big Bang in 2008 when the Bitcoin (BTC) white paper was released and subsequently, early DeFi projects such as Melonport, ...
Unchained DeFi Unicorns – The Next Wave of Billion Dollar Companies

Ethereum Classic Attacker Nets USD 1.7m, Bitfinex Loses USD 1m + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Security news The Ethereum Classic (ETC) attacker made at least USD 1.7m during the second attack on the network yesterday, according to Bitquery, a blockchain analysis firm. At the same time, the Bitfinex exchange lost ETC 143,000 (USD 1m), while another, unidentified crypto service lost ETC 95,000 ( USD 680,000), as the attacker successfully do...
Ethereum Classic Attacker Nets USD 1.7m, Bitfinex Loses USD 1m + More News

Hot Crypto Exchange, NBA Plays Blockchain, Status Unknown + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Top-tier exchange volumes increased 42% compared to June, to USD 334bn, now representing 60% of total spot volume, said crypto market data provider CryptoCompare. Meanwhile, lower-tier volumes decreased by 38%, to USD 224bn. Binance was the largest top-tier exchange by volume, trading USD 68.4 billion (up 68%), followed by OKEx tra...
Hot Crypto Exchange, NBA Plays Blockchain, Status Unknown + More News

From Cash to Cat - A New Attempt to 'Make Bitcoin Great Again' In Works

It seems that the Cryptoverse might see another episode of the Bitcoin Cash (BCH) forking series. "I am considering to build a new Bitcoin fork inherit from BCH called Bitcoin Cat. It’s a temporary name. Cat is cute and harmless, [they] won’t have a war," said Haipo Yang, founder of crypto mining pool ViaBTC and crypto exchange CoinEx - likely referring to the rumored disagreements with the Bitcoin ABC team. Chris Pacia, the lead developer of the peer-to-peer marketplace OpenBazaar and a volunt...
From Cash to Cat - A New Attempt to 'Make Bitcoin Great Again' In Works

It's Classic Now: Ethereum Classic Suffers Another 51% Attack

Ethereum Classic (ETC), one of the top 30 crypto networks by market capitalization, suffered another 51% attack in less than a week. (Updated at 06:50 UTC: updates in bold.) "Today another large 51% attack occurred on the #ETC which caused a reorganization of over 4000 blocks. Until further notice ETC pool payouts are disabled and we encourage all our miners to switch to our #ETH pool at http://ethermine.org in the meantime," Austria-based blockchain company Bitfly said today. Additionally, ETC...
It's Classic Now: Ethereum Classic Suffers Another 51% Attack

Square Saw Stronger Demand For Bitcoin in Q2, Local Stablecoins + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Payments company Square has reported USD 875m in bitcoin (BTC) revenue made via its Cash App service during the second quarter of 2020, up 600% year over year. According to the results report, Cash App generated USD 17m in bitcoin gross profit in that period, which is up 711% year over year. Bitcoin revenue and gross profit b...
Square Saw Stronger Demand For Bitcoin in Q2, Local Stablecoins + More News

Ethereum Saved by DeFi in July, Tron Scores in All Metrics - DappRadar

A contrast, so to say, between two major blockchains was observed by dapp (decentralized app) data aggregator and analysis firm DappRadar in July: While Ethereum (ETH)'s results were "controversial," Tron (TRX)'s development was positive across the board. While ETH price increased in July by more than 50%, the number of daily active wallets decreased by 6%, to 15,200, because of Ethereum's high fees, DappRadar wrote in their recent report. This is seen in the Games and Marketplaces ...
Ethereum Saved by DeFi in July, Tron Scores in All Metrics - DappRadar

While Compound’s Locked Value Grows, COMP Tanked 60% Since June Highs

Following a divergence between the price of the Compound platform’s COMP token and the total value locked (TVL) in the DeFi (decentralized finance) platform, early token investors are now being accused by some for dumping their tokens on the market. Popular crypto investor Andrew Kang wrote on Twitter that what is happening with COMP now can be compared with a situation where customers have been given shares of a company they buy services from, and then gradually sell off those shares. @DegenSpa...
While Compound’s Locked Value Grows, COMP Tanked 60% Since June Highs

New USD 110m for Crypto Startups, Crypto.com Swap Fuels MCO + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investments news Early-stage venture firm Electric Capital said it raised USD 110m for Seed and Series A fund, focused on cryptonetworks and blockchain enabled startups. The firm partnered with undisclosed "world-renowned university endowments and philanthropic foundations" for their second fund. It will invest from USD 250,000 to USD 10m in toke...
New USD 110m for Crypto Startups, Crypto.com Swap Fuels MCO + More News

Brace For More Bitcoin Flash Crashes In This Bull Market - Hut 8 Founder

Brace yourselves as more bitcoin (BTC) flash crashes are coming in this new bull market, a crypto investor and entrepreneur warned. “Too much leverage” on crypto derivatives exchanges combined with low liquidity levels and “inexperienced traders” crashed the market this past Sunday, according to him. “The Bitcoin price always comes back fairly quickly, so if you see it happen it's actually a chance to make quick money. ... We will see this kind of crashes more often now that a new bull marke...
Brace For More Bitcoin Flash Crashes In This Bull Market - Hut 8 Founder
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