A new decentralized finance (DeFi) “money Lego” will allow app developers to make it possible for users to automate their transactions. Called Gelato, the protocol moved from alpha to a live and audited v1 on Ethereum’s mainnet on July 3. And, according to a blog post shared early with CoinDesk, […]
William Foxley
23 posts
Crypto payments processor BitPay now supports segregated witness (SegWit), according to a company blog post shared in advance with CoinDesk. “Support for SegWit is currently an optional feature for Bitcoin wallets in the BitPay App. Later this year, as part of a phased rollout plan, support for SegWit will be […]
Demand to transact on the Ethereum blockchain has pushed fees to uncomfortable levels. A new technical proposal helps address high fees by implementing a dynamic pricing system. Called EIP 1559, Ethereum users would now pay a set “base fee” to the network plus a tip to miners. One technical observer […]
Bitcoins stored on the Liquid Network were temporarily able to be seized by network moderators Thursday night. The potential vulnerability in the Bitcoin sidechain’s security parameters was discovered by Summa founder James Prestwich. Liquid – a network developed and overseen by Blockstream and meant to move bitcoins around more quickly […]
Avalanche blockchain developer AVA Labs has closed a $12 million private sale of its AVAX token. The funding round was co-led by Galaxy Digital, Bitmain, Initialized Capital, NGC Ventures and Dragonfly Capital, and included other undisclosed individual investors. The sale precedes a planned public offering of the Avalanche token to […]
A freelance marketplace for sourcing specialized talent is placing its bets on a token to get the dirty work done. Braintrust launched out of stealth mode Wednesday, backed by a $6 million seed round featuring True Ventures, Homebrew Ventures, Uprising Ventures, Galaxy Digital, IDEO CoLab, Kindred Ventures and Vy Capital. […]
Platinum records are coming to cryptocurrency with a new integration between rapper Ja Rule and social currency startup Roll. Announced Tuesday, Billboard Hot 100 artist Ja Rule has inked a deal with Roll, an Ethereum-based protocol that allows content creators to control their own platforms using cryptocurrency’s native digital scarcity. […]
Citing regulatory concerns, Berlin-based security token startup Neufund has announced plans to freeze its fundraising campaigns and sideline future tokenized equity offerings. “Many European countries had aspirations to become a blockchain-friendly hub … [T]he authorities have stifled this plan, blocking the innovation in its tracks,” the firm wrote in a […]
Ethereum’s consensus algorithm is not the only thing changing with the launch of Eth 2.0. The underlying cryptography itself is getting an overhaul based on leading research out of the Electric Coin Company. Called BLS12-381, the new elliptic pairing curve will securely coordinate transactions on the proof-of-stake (PoS) Eth 2.0 […]
A “high severity vulnerability” was found and patched in Ethereum wallet Argent, according to leading white-hat hackers OpenZeppelin. Disclosed Friday, OpenZeppelin security researcher Alice Henshaw discovered a vulnerability within Argent that would have allowed user funds to be drained from wallets that did not have Argent’s “guardian” feature. According to […]
Reddit is anticipating big demand for its Ethereum-based “Community Points” system only one month after rolling out the product. Now the social media site is looking for a scaling solution. Posted in the r/Ethereum subreddit Thursday, Reddit announced a partnership with the Ethereum Foundation to find a Layer 2 (L2) […]
Decentralized blogging is coming to a URL near you thanks to a partnership between Unstoppable Domains and Protocol Labs. Launched Thursday, San Francisco blockchain firm Unstoppable Domains has released its decentralized blog (dBlog) service hosted on Protocol Lab’s InterPlanetary File System (IPFS), complete with the .crypto domain. “No one can […]
Infrastructure-as-a-service firm Bison Trails has added support for yet another “Ethereum killer”: NEAR Protocol. Inked Tuesday, Bison Trails will help host the newly launched NEAR Protocol’s validator set, currently consisting of over 150 nodes including some 40 of the project’s investors. The NEAR Foundation announced the closing of a $21.6 […]
The 20th iteration of Bitcoin Core, the open source software powering the Bitcoin blockchain, was released Wednesday. Experimental software called “Asmap” was included to protect against a theoretical “Erebus” attack. An Erebus attack allows nation-states and/or large internet providers such as Amazon Web Services to spy, double-spend or censor bitcoin […]
Trail partners Ethereum and Ethereum Classic are soon to split ways, highlighted by the latter’s successful “Phoenix” hard fork Sunday night. Executed at block 10,500,839 on May 31, the backwards-incompatible network upgrade makes Ethereum Classic fully compatible with Ethereum. That is, until the larger blockchain swaps its consensus algorithm in […]
Twetch positions itself as an alternative to the platform it was deplatformed from, actively marketing itself against the San Francisco firm run by Bitcoin enthusiast Jack Dorsey. Petty said the application maintains censorship resistance by archiving conversations on the BSV blockchain. In fact, Twetch posted a meme aimed at Dorsey […]
The first large minting of MakerDAO’s dai stablecoin using a bitcoin synthetic has occurred, signaling user demand for inter-blockchain asset support on Ethereum’s largest decentralized finance (DeFi) protocol. Crypto lending platform Nexo minted $4 million dai Wednesday by using WBTC as collateral. “This really showcases the latent demand for non-ETH […]
Ethereum’s premier coin mixing service is now permissionless. Tornado Cash, a privacy tool for obfuscating the history of Ether (ETH) transactions, completed a cryptographic process known as a trusted setup ceremony on May 10 followed by a contract update on Monday to create perpetually self-executing code. “With a record 1,114 […]
The top bitcoin derivatives product is now available on decentralized finance (DeFi). Andreessen Horowitz-backed dYdX released its Bitcoin Perpetual Contract from private alpha on Wednesday, bringing the most liquid digital asset derivative to Ethereum’s burgeoning DeFi market for non-U.S. investors. Unlike similar futures products, perpetual contracts don’t expire at a […]
Ethereum founder Vitalik Buterin has clarified his remarks on the expected launch date of Eth 2.0. CoinDesk chief content officer Michael J. Casey asked if the overhaul to the world’s second-largest cryptocurrency by market cap was “really coming in July. Are we ready for it?” “I think so, yeah,” Buterin […]
Chainlink may be solving part of the problem that first drove Ethereum co-founder Vitalik Buterin’s interest in decentralized applications. “One day [‘World of Warcraft’ game maker] Blizzard removed the damage component from my beloved warlock’s Siphon Life spell. I cried myself to sleep, and on that day I realized what […]
The Polkadot network is “very near launch,” founder Gavin Wood told attendees of the Ready Layer One (RL1) virtual conference on Wednesday in a sneak peek of the Ethereum co-founder’s new network. Wood, who wrote Ethereum’s technical paper in 2014, created Polkadot with the intention of allowing users to send […]
NEAR, a blockchain project for running decentralized applications (dapps), announced Monday the closing of a $21.6 million token sale led by venture capital firm Andreessen Horowitz (a16z). It also revealed the stealth-mode launch of the NEAR mainnet on April 22. The terms of the deal were defined by a16z and […]