American and European equity markets extended their gains on Thursday while major cryptocurrencies made only slight moves on the day. Bitcoin (BTC) was up 1 percent while ether (ETH) up by less than 1 percent. Notable 24 hour performances on CoinDesk’s digital asset board today as of 20:00 UTC include monero (XMR), up 8 percent; tron (TRX), up 3 percent and IOTA (IOTA) in the green by […]
Ethereum
32 posts
Some crypto startups, like Solana and Dapper Labs, are eager to execute fundraising plans regardless of any coronavirus-induced downturn. Likewise, CasperLabs, the startup advised by Ethereum Foundation researcher Vlad Zamfir, is now partnering with the Singapore-registered exchange BitMax to conduct its token sale in the form of an Exchange Validator Offering (EVO). “It’s a really attractive opportunity to participate with the same terms that are usually […]
The Ethereum community now has a roadmap, albeit a confusing one. Dropped Wednesday, Ethereum co-founder Vitalik Buterin’s state of the network map helps contextualize the next five to ten years for a global community of 20,000 developers while highlighting a key issue for the blockchain’s next version: scalability. The Eth 2.0 research team is now leaning into a new concept called “polynomial commitments” to reduce the […]
Gamers who act soon could be among the first to own a very rare game asset in the Initialized Capital-backed Skyweaver – that is, if they play their digital cards right. Skyweaver is a collectible card game (CCG) where players acquire cards for excelling that can be traded like any other Ethereum-based asset. On Friday, the company creating it, Horizon Games, opened its final closed-beta season, […]
CoreWeave, the largest U.S. miner on the Ethereum blockchain, is redirecting the processing power of 6,000 specialized computer chips toward research to find a therapy for the coronavirus. These graphics processing units (GPUs) will be pointed toward Stanford University’s Folding@home, a long-standing research effort that unveiled a project on February 27 specifically to boost coronavirus research by way of a unique approach to developing pharmaceutical drugs: […]
The “Bitcoin Billionaire” twins, Tyler and Cameron Winklevoss of the Gemini crypto exchange, now also have a regulated, fiat marketplace for non-fungible tokens (NFTs). Gemini first acquired Nifty Gateway in late 2019 with Tyler Winklevoss saying in a statement, “We believe that both real-world and digital collectibles will migrate onto blockchains in the form of nifties.” (Winklevoss declined to offer further comment.) Nifty Gateway founders’, the […]
Over a dozen Ethereum fans who participated in the EthCC conference in Paris during the first week of March have since tested positive for coronavirus, according to public lists compiled by attendees. At least six hospitalized attendees have used these lists to alert the community so far. The lists, including real names and symptoms, have not been confirmed in full by CoinDesk. “This instinctive and dutiful […]
So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended. The decentralized finance (DeFi) sector was hit particularly hard. The decentralized services that feed price information into these headless lending platforms – known as “oracles” in the industry – simply couldn’t keep up. Oracles could not send accurate price data and traders could not execute trades […]
Bitcoin (BTC) recovered slightly from Thursday’s brutal selloff as global financial markets creep back into the green. After dipping below $4,000, the world’s leading cryptocurrency posted some gains and is currently trading at $5,431 as of 20:00 UTC Friday. While bitcoin is still down 15 percent over the last 24 hours, traders started buying after it hit a 12-month low of $3,855 around 02:00 UTC on […]
MakerDAO’s emergency shutdown option – which was weighed by community members following the appearance of a $4 million debt bubble on the decentralized finance (DeFi) platform – will not pass at this time. If a shutdown was triggered by the Maker team, all dai stablecoins in circulation would convert to the underlying asset, ether (ETH). A flaw in Maker’s system for generating collateralized debt positions (CDPs) […]
A large drop in the price of ether (ETH) is testing the feasibility of Ethereum’s entire system of lending and borrowing. MakerDAO is the largest and most important application in Ethereum’s decentralized finance (DeFi) ecosystem. Right now, it faces an emergency shutdown with $4 million of its dollar-pegged dai stablecoin not backed by an underlying crypto asset, according to a stakeholder call held Thursday. If a […]
ProgPoW is still just a proposal. The controversial proposed change to Ethereum’s mining algorithm failed to change status after meeting resistance during Friday’s core developers call. Ethereum hard fork coordinator James Hancock said ProgPoW will not be included on the hard fork schedule going forward. During the call, opponents of the long-discussed Ethereum Improvement Proposal (EIP) voiced their frustrations. “ProgPoW people are a bunch of profit-seeking […]
As global equity markets continue to get pummeled, bitcoin’s return to the $9,000 level may have been driven by some of the same forces causing a rally in bonds — a desire for respite from a coronavirus-plagued markets. After sharp gains in price Thursday, bitcoin (BTC) has been trading steadily in a range between $9,000 and $9,200. For the past 24 hours, bitcoin’s price change has […]
What do we talk about when we talk about progressive proof-of-work (ProgPoW) on Ethereum? On the surface, ProgPoW is a proposed update to the mining algorithm of the world’s second-largest blockchain by market cap that would theoretically favor less well-resourced miners. At its core, though, ProgPoW has become a flashpoint for how Ethereum makes big decisions. The developers have effectively become the legislative body of the […]
One of ethereum’s early stars is pinning its future hopes to a blockchain of its own making. Dapper Labs, the startup that raised roughly $39 million from venture capitalists after its brief success with the CryptoKitties collectibles game in late 2017, launched a simulator Thursday for its upcoming Flow blockchain. The move positions Dapper Labs among a number of startups looking to build protocols that will […]
It’s time for big business to embrace the public chain – as a coordination tool, rather than as a place to carry out large-scale financial transactions. That’s the view of a trio of heavy hitters in the enterprise blockchain space: EY, ConsenSys and Microsoft. The group has come up with a new way of using the public ethereum mainnet to connect firms’ internal systems for resource […]
An initiative by National Basketball Association (NBA) player Spencer Dinwiddie to tokenize the value of professional athletes’ contracts has engaged a specialist investment bank to manage an upcoming offering. DREAM Fan Shares (DFS) announced Tuesday it has brought in New York-based Tritaurian Capital, a FINRA-registered investment bank and broker-dealer providing specialized private placement expertise, to help facilitate the company’s inaugural offering in securities linked to athletes’ […]
Decentralized autonomous organizations (DAOs) are back – at least for dogfooding purposes. Ethereum’s largest hackathon in North America, ETHDenver, showcased DAOs for event management and more. From coordinating the hackathon’s winners to purchasing meals at Capitol Hill food trucks in Denver’s historic Capitol Hill neighborhood, DAOs ran ETHDenver. Even the winning hackathon team was a DAO: Coz, a project aimed at being more efficient at distributing […]
Hong Kong-based crypto derivatives exchange FTX saw record volumes in ether (ETH) futures on Wednesday amid a sell-off in the cryptocurrency’s price. Daily trading volume on the nine-month-old exchange jumped to a lifetime high of $245 million, marking a 51 percent increase from Tuesday’s volume of $162 million, according to Skew Markets. The previous record high of $189 million was reached on Feb. 20. While volumes […]
Digital racehorses with unique attributes, trade histories and win records – all with bloodlines named for crypto luminaries like Nakamoto, Szabo, Finney and Buterin. “We’re trying to bridge the gap between modern-day wagering and blockchain,” said Unikrn CEO Rahul Sood. Sood’s esports platform is partnering with horse racing game ZED RUN to bring horse betting to the ethereum blockchain. The game relies on the non-fungible token […]
Haseeb Qureshi is a managing partner at Dragonfly Capital, a cross-border crypto venture fund. A longer version of the article appears on Medium. Flash loans have been the center of attention lately. Recently, two hackers used flash loans to attack the margin trading protocol bZx, first in a $350,000 attack and later in a $600,000 copycat attack. These attacks were, in a word, magnificent. In each […]
Ether (ETH) has had a great 2020 so far. Though down nearly 20 percent from recent highs, the second-largest cryptocurrency by market value is still up a solid 80 percent on a year-to-date basis. Ether bottomed out near $115 on Dec. 18 and rose sharply to a high of $289 on Feb. 15. That was the highest level since July 2019, according to CoinDesk’s Ether Price […]
Donating to the United Nations Children’s Fund (UNICEF) may turn out to be the Ethereum Foundation’s shrewdest move yet. “We are still discussing the details on what we can do together, but we have decided to continue support for the next couple of years,” said Ethereum Foundation Director Aya Miyaguchi. “I believe a partnership with a group like UNICEF can maximize our impact without shifting our […]
Ethereum developers are leveraging blockchain’s censorship-resistant nature to launch the next iteration of the internet, Web 3.0. Last weekend at ETHDenver – one of the conference circuit’s top gatherings of ethereum coders – decentralized internet alternatives were on display, including Ethereum Name Service (ENS), Unstoppable Domains and UniLogin. Launched in 2017 and 2018, respectively, ENS and Unstoppable Domains are confronting the hierarchical nature of the internet […]