CoinList Exchange Struggles, but NEAR Disaster Averted

Despite selling out in less than three hours, CoinList’s second attempt at hosting NEAR’s final tokensale saw the platform struggle as investors rushed to participate. CoinList’s second attempt in 24 hours at hosting NEAR’s final token sale saw the exchange once again buckle under a flood of traffic from prospective investors. NEAR’s final sale before mainnet was originally planned for August 11, however, the token sale was abruptly postponed by 24 hours after investors were left clicking refresh and filling out captchas for 90 minutes while unable to participate in…

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Five Hours to Failure: The ‘Save Yam’ Proposal Is Falling Short

A Yam Finance code flaw saw the project ask investors to pledge to save the platform. Not enough have. The future of the Yam Finance yield farming protocol hangs in the balance as it awaits token deposits for a governance vote that could save the project. With less than five hours to go, Yam is only a third of the way towards the 160,000 tokens required. A code bug discovered earlier today in one of Yam Finance’s smart contracts sent the hottest thing in DeFi into a tailspin as it scrambles…

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Bitcoin Users Leery of Tor: 23% of the Network’s Exit Capacity Compromised

Hackers are stealing bitcoin through the large-scale use of malicious relays on the Tor network according to a newly published research report on the subject. The researcher dubbed “nusenu” said he warned people about the growing problem in December 2019 but instead of improving Tor exit relay activity “things have become even worse,” he stressed. Malicious entities have made visitors of the anonymous communications protocol the Tor network vulnerable to attacks. Tor is a browser and open-source software that directs a person’s web traffic in an obfuscated fashion in order…

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Coming Soon: Craig Wright The Movie (and Book)

Calvin Ayre, the most high profile supporter of Craig Wright, is funding a new documentary and book about the life of the Satoshi claimant. Bitcoin SV benefactor Calvin Ayre has announced he’s funding a documentary centered around the life and times of Craig Wright, the Australian man who claims to have invented Bitcoin. According to an Aug. 12 tweet from Ayre, the billionaire BSV backer and nChain board member has already given the go ahead to filming and provided an ‘in-production’ still. Ayre said he has hired a documentary film…

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Ethereum Network Hashrate Hits 20-Month High as DeFi Tokens Rally

Ethereum’s hashrate recently surged to a 20-month high but will ETH price follow? New data from glassnode and Etherscan show Ethereum’s hashrate has risen to a 20-month high and this has led some optimistic traders to suggest Ether price will continue to rise to new highs in 2020. The explosive increase in Ethereum’s hashrate appears to be heavily influenced by the rapidly growing Decentralized Finance (DeFi) sector and at the time of writing is hovers around 201,000,000 GH/s, a level not seen since 2018. Ethereum network hashrate rises to 2018…

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Trump’s Proposed Capital Gains Tax Cut Could Boost Crypto Profits

A proposed capital gains tax cut could be good news for crypto traders in the U.S. A proposed tax cut by U.S. President Donald Trump could be a big win — or a relatively insignificant win — for the crypto industry if it is passed. In a news conference at the White House earlier this week, President Trump said that his administration was “very seriously” considering a capital gains tax cut. “We’re looking at also considering a capital gains tax cut, which would create a lot more jobs.” There is…

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What’s Behind the Meteoric Rise of Chainlink?

We look at the data from Google and DeFi protocols to uncover what’s behind the inexorable rise of LINK? Chainlink (LINK) has experienced a meteoric rise this year, becoming a top five crypto asset by market capitalization. We took a look at the data from the decentralized finance space (DeFi) as well as Google to help explain this phenomenon. The battle for number five 2020 edition. Source: CoinMarketCap. The battle for the number five spot in 2020 has been waged between Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Cardano…

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Championing Blockchain Education in Africa: Women Leading the Bitcoin Cause

“Women need to be financially independent. This is the biggest weapon they can use to liberate themselves. When they no longer depend on anyone, they can then reach their full potential.” Its no secret that women are underrepresented in the technology and financial industries. In the U.S, women only hold a quarter of computing-related jobs. Some sectors, like software engineering, fare even worse, with female representation as low as 15%. And now along comes blockchain, a technology that promises a global revolution through decentralization. Blockchain has already begun to transform…

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Token Launches From Ethereum to Telegram: Where Do We Go From Here?

The time has come for policymakers and regulators to provide a workable pathway that allows blockchain tech to develop and grow. In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do not speak publicly about ongoing enforcement actions. In late July, however, with the Telegram case settled, Commissioner Peirce gave a speech titled “Not Braking and Breaking” that pointedly questioned the approach taken by the SEC…

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Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug

A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday. On social media and crypto-focused forums, people have been very skeptical of the Yam Finance project as the code has not been audited. On Wednesday afternoon Yam Finance developers revealed a bug in the smart contract and after the announcement, the project’s token tumbled in value. At the time of publication, many digital currency advocates are talking about a new…

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