Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet Service
Just yesterday, the mining pool admitted to liquidity issues. Original Source
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pools
Poolin, One of the World’s Biggest Bitcoin Mining Pools, Acknowledges Liquidity Issues
In a post on his WeChat Moments on Sunday, akin to a Facebook newsfeed, Poolin CEO and founder Kevin Pan acknowledged that the company is lacking liquidity, but said user assets are safe. Pan wrote that the company's net worth is still positive and that there will soon be a
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Ethereum Merge prompts miners and mining pools to make a choice
The Ethereum blockchain is all set to make its highly anticipated transition from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge date is officially scheduled for Sept. 15–16 after the successful final Goerli testnet integration to the Beacon Chain on Aug. 11.At present, miners can create new
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Curve Finance Proposes to End CRV Token Emissions on All UST Pools
4pool was launched in early April and is composed of two decentralized stablecoins, UST and Frax Finance's FRAX, and two centralized stablecoins, USD coin (USDC) and tether (USDT). Vocal backers included Terra's Kwon, who even tweeted that the 4pool’s “goal is to starve 3pool,” the biggest Curve pool. Source
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BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools
Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week's volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning
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Are we misguided about Bitcoin mining’s environmental impacts? Slush Pool’s CMO Kristian Csepcsar explains
It's a controversial topic in the blockchain community that comes up from time to time — just how much impact Bitcoin (BTC) mining has on the environment. Last year, Tesla's CEO Elon Musk brought forth a sharp correction in the cryptocurrency market by tweeting that his namesake car company would
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Timechain DEX Introduces Liquidity Pools & Farming Features on Its Automated Market Maker (AMM)
Decentralized financial ecosystem, Timechain announced the launch of new features to its decentralized exchange (DEX), this Monday, bringing the world of decentralized finance (DeFi) to its users. The new DeFi features include staking, liquidity pools, yield farming, and permissionless lending and borrowing. Additionally, users will be able to swap thousands
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Bancor introduces new staking pools and instant impermanent loss protection
Decentralized automated market maker (AMM) Bancor is set to launch new staking pools and an upgrade to its impermanent loss protection mechanism as part of its long-awaited Bancor 3 update.Bancor was founded in 2017 and was the first DeFi protocol to introduce AMMs to the blockchain. The Ethereum-based exchange and
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Multiple Mining Pools Are Facing Connectivity Issues
A large part of the pools’ operations are located in China, which has vowed to eliminate crypto mining. While their hashrate does not come only from China, and they have said they plan to exit the country by year-end, the publication of material in Mandarin could be interpreted as courting
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Trava Finance Is a Groundbreaking Protocol That Lets You Create Lending Pools to Start a Lending Business – Sponsored Bitcoin News
sponsored Trava is the next generation of Lending Protocols, employing an innovative model of multiple lending pools created by users. This groundbreaking cross-chain lending development is something you have to check out if you ever wanted to create and manage your own lending pool, starting an online lending business and
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