Dan Morehead, CEO and founder at investment firm Pantera Capital, is convinced that DeFi will outperform Bitcoin in the next five years. In a recent interview with Cointelegraph, Morehead pointed out that despite the poor performance of Pantera’s altcoin funds in 2019, the situation has flipped in the last few months due to the explosive
The oracle problem and latency are the major risks of running oracles on a blockchain. The oracle problem arises due to a trust conflict that centralized third-party systems bring to smart contracts and blockchain systems that are decentralized. Because the data provided by oracles is directly fed into smart contracts, which function based on this
It has been a rocky past couple of weeks for Bitcoin. The cryptocurrency was able to surge as high as $12,400 just a couple of weeks ago before it lost its momentum and began plunging lower, ultimately hitting lows of $9,900 before bouncing higher. This has done little to offer insight into its near-term outlook,
The governor of the Bank of France has warned that Europe cannot afford to lose momentum in tackling the challenges posed by private sector global digital assets. His warning came as five EU governments — Germany, France, Italy, Spain and the Netherlands — all backed the European Commission’s intent to draft regulation for asset-backed crypto
Russia’s new cryptocurrency-related law, “On Digital Financial Assets,” or DFA, seems to have had little impact on the local cryptocurrency industry so far. In its current form, the DFA law essentially provides legal status to digital assets like Bitcoin (BTC), but prohibits their use for payments in Russia. As the DFA law is poised to
Decentralized finance has become the fastest-growing sector of the blockchain industry. Today, there are over 200 projects working on a wide variety of decentralized financial products and services. That number continues to increase every day as new DeFi-related projects launch. The most telling figure of this rapid growth is the staggering amount of money that
As the price of Ethereum’s native digital currency Ether (ETH) has had record-high transaction fees recently, the price of ETH also showed an increased amount of volatility. A new high was hit at $495 at the end of August, after which the price took the elevator down and dropped with more than thirty percent to
Eterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals broke into six hot wallets containing bitcoin, ethereum, algo, ripple, tezos, and tron, stealing everything, it said. Hot wallets are active digital asset accounts connected to the internet. Eterbase used these wallets to facilitate day-to-day trading activities on its
The United States Internal Revenue Services (IRS) has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins like Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network. The official proposal, published last week, says the IRS will accept submissions in the form of working prototypes
Brian Brooks, Coinbase’s former chief legal officer and the current U.S. Comptroller of the Currency, is pushing to consolidate licensing regulations for payment companies at the federal level in the United States. Federal licensing for payments firms that do not accept deposits could open the door to further mainstream adoption of virtual currencies by allowing
Since dropping 17.5% to a monthly low at $9,817 last week, Bitcoin (BTC) price has bounced around in what appears to be a tightening range between $9,800-$10,600. The digital asset has yet to establish a clear pattern of daily higher lows and lower highs but as mentioned by Cointelegraph contributor Rakesh Upadhyay: “The long tail
Ethereum’s economic metrics are strengthening as transfer value and ERC-20 market capitalization continue to build momentum. Research by on-chain analytics platform Santiment has revealed that the market capitalization for all ERC-20 based tokens has flipped that of Ethereum itself. It added that it is currently the all-time highest market cap differential of ERC-20 coins over
The blockchain industry is making significant strides in terms of innovation and technological advancements. Much of this progress can be attributed to academia helping to drive the industry forward by turning its attention toward new curriculum, research and technical problem solving, knowledge sharing and convening. By partnering with universities globally, Ripple’s University Blockchain Research Initiative
Bitcoin just crashed from $12,000 to $10,000 in the matter of a few days, and it has since been a battle for bulls to hold ground at $10,000. Unfortunately, bears may end up winning this battle, as the latest rally according to one crypto analyst, doesn’t at all look like a “bull market.” When comparing
Nym, the web network, now allows bitcoin transactions and has an incentive program for people running its nodes. It is also enabling plugins that will allow users to plug in wallets and applications to run their traffic through its mixnet. What is a mixnet? Nym is a start-up software project working to obscure metadata tracking
Earlier today, the U.S. Department of the Treasury updated its Specially Designated Nationals List, adding several individuals and a number of cryptocurrency addresses. One of the individuals added was Artem Mikhaylovich Lifshits — a Russian national, accused of interfering in the U.S. elections. In addition to disclosing his personal information, the site lists a number of