More than $1B in Bitcoin has been tokenized for DeFi

BTC locked in DeFi

Almost 100,000 Bitcoin are now tokenized on Ethereum, more than half of which have migrated over the past 30 days. More than $1 billion worth of Bitcoin (BTC) has now been tokenized to access decentralized finance protocols on the Ethereum network. That’s equivalent to the entire total value locked, or TVL, in DeFi less than four months ago. According to DeFi Pulse, roughly 98,300 BTC (worth $1.05 billion) has been tokenized using protocols other than Blockstream’s Lightning Network — equating to more than 12% of the DeFi’s sector’s $8.57 billion…

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The seventh annual Hackers Congress Paralelní Polis

HCPP20

The well-loved cypherpunk event is back – this time warning of the impending Digital Totality The annual Hackers Congress (HCPP) will take place on October 2nd-4th in the stunning venue of Paralelní Polis, Prague. Traditionally, it gathers freedom activists, technology geeks, artists, and scientists. Every HCPP has a current topic – a provocative idea behind it. As it usually explores the binding constraints of global political and economic systems, this year’s manifesto states, “2020: a year of Digital Totality.” The event will feature opinions by experts on how society can…

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Etherum Fees Double In a Week As DeFi Heats Up

ethereum fees

The average fee for transactions on Ethereum has reached its second-highest level ever, after setting the record earlier this month. Ethereum fees remain at historically elevated levels, as miners scramble to add capacity and profit from record-breaking network activity levels. Average transaction fees on the Ethereum network have more than doubled since last week, rising to $11.61 on September 17 and maintaining a streak of prices above $2 that’s now lasted for more than a month, far longer than any previous stretch at those levels. The Ethereum blockchain hash rate—the amount…

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MicroStrategy bought Bitcoin for $250 million

MicroStrategy

MicroStrategy, a Virginia-based business intelligence software company that trades on the NASDAQ, announced on Tuesday it has acquired 21,454 Bitcoin in what describes as a “capital allocation strategy.” The move is a novel one for a publicly traded firm. While many companies put surplus capital into bonds and other investments as part of their treasury management strategies, a bet of this size on Bitcoin is all but unheard of. “[I]nvesting in the cryptocurrency would provide not only a reasonable hedge against inflation, but also the prospect of earning a higher…

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Philippines Central Bank Governor Confirms Interest in Launching A Digital Currency

Filipínská vlajka

The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas (BSP), expresses its interest in launching its own central bank digital currency (CBDC). In a story first covered on Bloomberg, the governor of BSP, Benjamin Diokno, stated the country had formed a research committee on the possible launch of digital currency. The article further states that the research team is set to release its findings in the coming month. The committee, which was formed earlier this year, started its research on the policy implications and potential feasibility…

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FC Barcelona’s BAR Token Price Jumps Over 150% on First Trading Day

FC Barcelona

Premier soccer club FC Barcelona has launched a token earlier this week in a token sale that ended in the space of two hours. In it, 600,000 tokens were sold at €2 ($2.25) each, and these tokens are now already trading above €5.6 (around $6.35). The tokens, known as Barça Fan Tokens, were bought by the club’s supporters either through the club’s own “Socios” voting platform or through Chillz, a sports-specific token platform and exchange. The team is, in part, managed by its socios. Total trading volumes for Barcelona’s BAR…

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John McAfee’s Ghost Distributed Exchange Now Live

Ghost Distributed Exchange

John McAfee’s controversial Ghost distributed exchange is now live, the cryptocurrency advocate announced on Twitter over the weekend. The Ghost distributed exchange is related to McAfee’s privacy project Ghost, a Proof of Stake privacy coin intended for more anonymous transactions. McAfee clarified on social media that Ghost will replace the McAfeeDEX distributed exchange. The Ghost main net itself is expected to go live on June 22. Ghost has been the subject of contention for months especially after McAfee himself admitted Ghost “copy-pasted” parts of its white paper from PIVX. Even…

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User Pays a Second $2.6 Million Fee in Ether Transaction

ETH Transaction Fee

History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees. The latest transaction was mined on block 10241999 by the Ethermine pool, a unit of Bitfly. Notably, this is a transaction that originates from the same address, of the same customer who paid the same amount of fees yesterday to send just $134 worth…

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Brave under fire for affiliate link autofill

brave browser aff link

Brave appears to have removed a controversial feature that was auto-filling the company’s affiliate link when a user attempted to access Binance. Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US. Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the…

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Atari token finds a home on new blockchain gaming network

Atari Token

Partnership between Atari and Arkane Network will allow developers to integrate the new token for buying, selling, and trading assets. Atari helped kick off the gaming revolution, and now the brand—which has changed hands many times since the 1970s—aims to help lead the crypto revolution in gaming with its recently-revealed Atari Token and online casino plans. Today, the company revealed the next step in its plan to entrench the Atari Token within the gaming ecosystem, announcing a partnership with Arkane Network to implement the token within its blockchain app development…

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Bitcoin Transaction Fees Increased 1250% from April 11th to May 14th

Bitcoin BitInfoCharts

March, April, and May were big months for Bitcoin–after a cliff-dive in the price of Bitcoin on March 12th, Bitcoin has slowly and steadily recovered to nearly $10,000, where it was before the coronavirus pandemic slammed into the global economy. Much of the price rally is attributed to the halving that occurred last week. However, there’s another big change that has taken place on the Bitcoin network over the past month: CoinTelegraph reported that from April 11th to May 14th, the average cost of Bitcoin network transaction fees increased by…

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Binance Invests Undisclosed Sum in Indonesian Crypto Exchange

Tokocrypto

Binance has invested an undisclosed amount in Tokocrypto, a regulated cryptocurrency exchange in Indonesia. Announced on Tuesday, the proceeds will be utilized in accelerating the growth of the local crypto exchange’s business by extending its products and services. It is also planning for technological expansion and nationwide expansion. “This investment in Tokocrypto serves to validate Indonesia’s promising blockchain ecosystem, showcasing the confidence from a leading global player. The investment from Binance will help establish Tokocrypto’s leading services in the Indonesian market and accelerate our vision in bringing an open financial…

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Halving Fails To Influence Bitcoin’s Price

Bitcoin BTC

Bitcoin halving, the largest event in the cryptocurrency calendar, failed to trigger any significant impact on its price. Bitcoin halving takes place every four years, which reduces the rate at which new coins are created, to control inflation. According to Bitcoin’s code, written by its pseudonymous creator Satoshi Nakamoto, rewards to miners will continue to halve every 210,000 blocks on the BTC chain. Beating predictions, Bitcoin’s price volatility declined since Monday. There were mixed predictions regarding bitcoin halving’s impact on its price. While a section of experts said that the…

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Coinbase updates mobile app so users can earn crypto rewards

Coinbase mobile app

San Francisco-based crypto exchange Coinbase has expanded its Earn campaign. Users can now earn crypto by learning about it on the user-friendly mobile app. Cryptocurrency exchange Coinbase today announced that its users can now earn crypto from the rewards section of its mobile platform. Previously, users could take part in the rewards program via the platform on a desktop—but not via mobile. Now, the San Francisco-based exchange has made it possible to access all Coinbase Earn campaigns directly through the updated Coinbase mobile app. “Our mission is to create an…

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ECB uses open source blockchain solution Corda to test Digital Euro

corda blockchain platform

The European Central Bank (ECB) conducted an analysis of the economic and societal impact of issuing Central Bank Digital Currency (CBCD) or Digital Euro. In the framework of this analysis, the ECB carried out a ‘proof of concept’ related to the anonymisation of digital currency transactions, by using the open source solution Corda, a blockchain platform for business. In a speech given on 16 January 2017, Yves Mersch, member of the ECB executive board, explained that the Digital Euro, also called Digital Base Money (DBM) “is characterised by two features:…

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