Cryptocurrency Analysis and News Portal
Wrapped Bitcoin (WBTC), an ERC-20 token that tracks the price of bitcoin (BTC) can now be used on DeFi protocol Compound (COMP) with a 40% collateral factor. WBTC Goes Live on Compound with 40% Collateral A community proposal floated by Compound holders in May 2020 has finally received the green light
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Kyber Network’s next protocol upgrade, dubbed Katalyst, is expected to go live on July 7. In an emailed announcement on Monday, Kyber said the upgrade will usher in changes around the role of its native token, the Kyber Network Crystal (KNC), aimed at attracting more participants to the protocol’s development. The Katalyst
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The Balancer automated market maker protocol has been hacked for over $500,000 in a single Ether (ETH) transaction, facilitated once again by a dYdX flash loan.As analyzed by the 1inch.exchange team a few hours after the incident, a carefully crafted transaction taking more than 8 million gas, or about two
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Veteran cryptocurrency exchange Bitfinex has announced an open-source peer-to-peer data streaming platform that will allow users to share media across a decentralized network.The code for Bitfinex's "Dazaar" protocol has been uploaded to GitHub, describing a decentralized network in which distributed node operators store the information shared among users.In an announcement,
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Mobile mesh networks, a network of peer-to-peer (or device-to-device) connections between mobile phones or IoT devices can be helped significantly by using Bitcoin’s Lightning Network, a recent podcast noted. Tapping Lightning for SMS Speaking with CryptoX, Adam Levine, Andreas Antonopoulos, and Dr. Stephenie Murphy on the publication’s “Let’s Talk Bitcoin!” podcast, Richard
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Decentralization is at the heart of cryptocurrency movements and their economic systems. It is decentralization that makes DEXs fascinating; after all, decentralized peer-to-peer transactions have proven to be the safest ways to transfer cryptocurrency. DEXs have the true potential to disrupt the exchange space because the users always maintain control
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Fledgling Ethereum anonymization protocol Tornado.cash has launched completely immutable smart contracts — rendering the protocol “unstoppable” from May 21.While the project has extolled the virtues of immutability and declared that “code is law,” many within the Ethereum (ETH) community are advising against depositing funds into the protocol.Tornado.cash opts for complete
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A researcher from the crypto asset investment firm, Paradigm, has co-authored a whitepaper for a new decentralized finance, or DeFi, lending protocol boasting fixed-interest rates.The whitepaper for Yield protocol was written by Paradigm’s Dan Robinson and Allan Niemberg — who announced the project on May 8.Niemberg also announced that Yield
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On May 7, the Cointext CTO and cofounder of Countermarkets, Vin Armani revealed a new project he’s been working on called “Signal, Watch, and Pay Protocol” (SWaP). Armani’s published specification and reference code of SWaP indicates that the platform allows “onchain, peer-to-peer negotiation and execution of ‘collaborative transactions.’”SWaP: Onchain,
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In a recent presentation at the 3rd ZKProof Workshop, the Calibra research team presented Distributed Auditing Proofs of Liabilities, or DAPOL, protocol designed to make improvements to the existing distributed audit procedures.The team led by Konstantinos Chalkias, contends that their protocol builds upon and improves existing methods by introducing additional
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