Craig Wright, a self-proclaimed Bitcoin (BTC) creator, is apparently not required to pay legal fees for a failed libel suit against the Twitter crypto enthusiast known as Hodlonaut. In an Aug. 14 email to Cointelegraph, Wright’s legal representative argued that he is not obliged to pay legal costs in the defamation suit until the Norwegian
admin
Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week our 6 Questions go to Justin Rice, Head of Ecosystem at the Stellar Development Foundation. Stellar Development Foundation (SDF) is a
The internet is back in Belarus, according to reports, but the outage sheds light on what kind of technologies might help ordinary citizens get around such blackouts in future. The internet was down nationwide for almost three days this week during protests following a controversial presidential election that resulted in an apparent landslide for President
Vitalik Buterin said he did not personally engage in any yield farming for tokens on decentralized finance. In a tweet published on Friday, the Ethereum co-founder explained that his only major interaction with yield-bearing DeFi protocols was putting “a few coins into Uniswap a long time ago.” Buterin said that he earned “a few percent
Blockchain and data science societies from some of the world’s most prestigious universities have joined blockchain infrastructure providers like Bison Trails as founder members of the Oasis University Program. The program, announced Aug. 13, aims to highlight and popularize the Oasis Network within this student society ecosystem. The Oasis Network is a proof-of-stake blockchain designed
Bitcoin price remained well bid above $11,400 and it broke the key $11,600 barrier against the US Dollar. BTC is now trading above the 100 hourly SMA and it could continue to grind higher. Bitcoin is back in a positive zone above the $11,500 and $11,600 resistance levels. The price settled nicely above the 100
Hong Kong based cryptocurrency derivatives exchange BitMEX will be launching a user verification program on August 28, requiring all customers to complete ID checks within the next six months. But as a sweetener, they’re offering a trading competition that’s only available to verified customers. While BitMEX was founded in 2014 and has grown to become
First there were Tendies and YFI. Then came (and went) YAM. And, as of yesterday, we have Based Money. Meet today’s decentralized finance (DeFi), in what amounts to a crossover between massive multiplayer online (MMO) games, like World of Warcraft, and crypto pump-and-dump schemes. These aren’t the same DeFi projects launched earlier this summer, said
Data from blockchain intelligence firm Flipside Crypto show that 50% of DAI, Maker’s decentralized stablecoin, is now on Compound (COMP). While the figure seems a positive factor for COMP’s growth, it shows a concerning trend for DAI. Since June, the amount of DAI on the Compound Decentralized Finance (DeFi) protocol rapidly surged. As of August,
MyEtherWallet is expanding its integrations with decentralized finance through its dedicated wallet communication tool, MEWconnect. On Thursday, the project announced an integration with Aave and Ren, which marks the first time that third parties are using the MEWconnect technology. MEWconnect is a wallet linking system developed specifically for MyEtherWallet, and it is similar to those
A federal judge has ruled that a New York attorney is responsible for repaying a crypto investment firm after he prematurely released escrow funds set aside for buying $5 million in Bitcoin. According to an Aug. 13 report on Law360, U.S. District Judge Alison J. Nathan confirmed that attorney Aaron Etra is on the hook
Users of the Uniswap decentralized exchange could be at risk thanks to a new Google ad. “URGENT WARNING FOR ANYONE USING UNISWAP,” crypto influencer and YouTuber, BitBoy, said in an Aug. 11 tweet. Tagging Google’s Twitter accounts, he added: “Google you should be ashamed. Whoever runs GoogleAds is FAILING MISERABLY. On YouTube where scammers get
Yam Finance, an experiential Decentralized Finance (DeFi) protocol, saw its market cap crash down to zero within minutes on Aug. 13. With it, major DeFi tokens, including Compound, Yearn Finance, and Balancer, plunged as well. YAM/USD price performance. Source: Coinmarketcap Compound, the second biggest DeFi protocol in the global market, saw its market cap drop
During the first week of July, Bitcoin.com’s Wallet added a number of new features including a portfolio breakdown and honestcoin (USDH) swapping abilities. With the latest update this week, Bitcoin.com Wallet users can now store the SLP-based stablecoin tether (USDT) in their wallets as well. Tether (USDT) is the most popular stablecoin in the crypto
The U.S. Securities and Exchange Commission, or SEC, publicized legal action against another 2017 Initial Coin Offering, or ICO. Boon.Tech and Rajesh Pavithran, the project’s CEO, face fraud accusations from the commission, as well charges associated with securities registration, an Aug. 13 statement from the SEC detailed. The statement added: “According to the SEC’s order, from
Bitcoin smart contracts are a tricky beast to tame, but a new language is making them easier to write, democratizing them in a sense. Smart contracts can (among other things) allow users to set extra rules on their bitcoin, requiring these rules be met before the funds can be unlocked. Minsc, created by Bitcoin developer