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Traders can long bitcoin by purchasing perpetual swaps and selling them some time in the future for profits. For example, Alice buys 2 BTC/USD perpetual swaps by depositing $80,000 as collateral. As such, each BTC/USD perpetual swap is worth $40,000. Assuming the price of bitcoin rises steadily to $50,000 the
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A faulty Compound Finance contract intended to disburse liquidity mining rewards over time has been topped off with $66 million - and counting - in tokens on Sunday morning.Over a quarter of those funds may have been exploited due to the same bug that drained $80 million in tokens
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“The market for arbitrary smart contract execution is much larger than the oracle market, probably, so it’s a natural move for Chainlink to try to move into this space,” he said. “At the end of the day, the better product should win, and they will also add to the growth
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One developer is building a bridge with 14 signature verifications, he said. (Riegel noted that 14 cross-checks is “pretty out on the tail” of what’s normal, and as such would require uncommonly high computing power). “We can support those kinds of things now,” he said. Source
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Leading U.S. cryptocurrency exchange Coinbase has secured a contract to develop tech for the Department of Homeland Security worth as much as $1.36 million.Under the agreement, Coinbase has been contracted to deliver “application development software as a service” for the U.S. Immigration and Customs Enforcement division (ICE). The contract took
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekCardano launches smart contracts after successful hard
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Cardano, the third cryptocurrency ranked by market cap, has successfully applied the “Alonzo” hard fork, adding smart contract capabilities to its functionality. The update, that had been deployed in testnet days ago, finally was incorporated in mainnet yesterday. Cardano is now looking to deploy defi apps, and there are already
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The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates. According to statistics, the smart contract address is the largest holder of ethereum out of all the wallets in existence. Ethereum 2.0 Contract Nears $30 Billion In the early days, the
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A blockchain-based initiative from the United States Air Force will employ Constellation's Hypergraph Network to provide data security with the Department of Defense’s commercial partners.In a Thursday announcement, Constellation said it had been working with Kinnami Software Corporation to develop an end-to-end data security solution using blockchain encryption and distributed
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Recently, the Ethereum network reached a new staking milestone. On Aug. 17, the Ethereum 2.0 staking contract became the single largest holder of Ether (ETH), surpassing Wrapped Ether (WETH). According to data from Etherscan, the Eth2 deposit contract now holds over 7.14 million Ether tokens, valued at $23 billion at
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