Binance launches Ethereum-compatible blockchain to pursue DeFi
Binance wants to stay ahead of the DeFi trend. After teasing the upcoming blockchain in April, Binance has launched the mainnet of its Smart Chain — a smart contract-enabled blockchain running in parallel to Binance Chain.
Messari: $500M in BTC tokenized for DeFi is just the beginning
With more than half a billion dollars worth BTC already tokenized, Messari believes that projects bringing Bitcoin to DeFi will emerge as leaders of the crypto sector. Crypto analytics firm Messari estimates that $500 million worth of Bitcoin (BTC) has been tokenized on the Ethereum network for use in decentralized finance (DeFi) protocols.
3 reasons why Yearn.finance YFI price just hit a new high of $18K
Yearn.finance’s YFI token has hit a new all-time high following Aave’s listing and a hint at FTX partnership. YFI, the native token of the Decentralized Finance (DeFi) giant yearn.finance, achieved a new all-time high. It soared by 30% in the last 12 hours from $14,017 to $18,169, entering price discovery.
Geopolitical risks prevail as new players emerge in the crypto mining space
Taras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can offer to crypto miners.
Browser-based cryptojacking is back as attacks spike 163%
The crypto price surge since March has been accompanied by a wave of cryptojacking attacks according to new research published by cybersecurity firm Symantec. According to the company there was a 163% increase in browser-based cryptojacking activity in the second quarter of 2020. Cryptojacking had previously been in a steep decline from March 2019 due to the shutdown of the mining script maker, CoinHive.
No more cheap electricity for Inner Mongolian crypto miners, officials say
Officials from Inner Mongolia are mulling an electrical policy that would prevent cryptocurrency miners from using inexpensive, state-subsidized electricity. Per the Inner Mongolia Electric Power Group Co, the region expects to recover around 6.732 billion yuan ($977 million) in taxes and fees thanks to these new measures. They additionally expect 4.836 billion yuan ($702 million) specifically from crypto mining activities.
Bitcoin Braced For An Inflation Bombshell
Bitcoin has got a lot of attention in recent months as a potential hedge against inflation. In May, famed hedge fund manager Paul Tudor Jones set the cryptocurrency world alight when he revealed he was “betting on bitcoin” to protect against the “unprecedented expansion of every form of money.”
Bitcoin Investor Files For Giant $350 Million IPO For Possible Merger
The founder of early bitcoin venture capital firm Ribbit Capital has filed for a massive $350 million initial public offering. While little is known about the company, called Ribbit LEAP, CEO Meyer “Micky” Malta could use the increasingly popular “blank check” structure to effect a merger, acquire assets, purchase stocks, or reorganize a similar business, according to the SEC S-1 form filed today.
Huawei and Beijing jointly develop municipal blockchain directory
Huawei and Beijing’s municipal government have jointly developed a blockchain directory for use across urban governance. According to an official report published on Aug. 24, the system, still being trialed, is aimed at improving government services and supporting the city’s business environment.
FCA approves Archax as UK's first digital assets exchange
Archax has become the UK’s first digital securities exchange and custodian to be regulated by the Financial Conduct Authority (FCA), after the watchdog approved the London-based company’s application yesterday.
Blockchain Phones and Bitcoin Watches: Revisiting the Crypto Tech Hype
Blockchain smartphones and crypto-storing watches: Which innovative devices have actually gone from concept to reality? Talk of cryptocurrency and blockchain-powered gadgets inevitably spiked alongside the hype for token prices. But looking back, have they delivered any meaningful changes to users, or are they just another result of the hype synonymous with the space?
EOS DeFi Project Sets Up Shop on Polkadot
Equilibrium is not quite ditching EOS, but Polkadot will be its new home. An EOS-based decentralized finance project, Equilibrium, has announced its plans to develop a new interoperable protocol on the Polkadot (DOT) blockchain. The project is set to develop an independent parachain connected with Polkadot, featuring an independent utility token called EQ. It acts both as a token for paying transaction fees and for governing the protocol.
New Blockchain Platform Aims to Help Countries Issue CBDCs More Easily
Blockchain company Apollo Fintech touts its new system as tonic for national digital currency headaches. Blockchain firm Apollo Fintech has announced the completion of its National Payment Platform, or NPP on August 12. This new blockchain platform is a cashless system that supposedly enables a central bank to issue central bank digital currency for national adoption.
A City in South Korea Is Expanding Its Blockchain Payment Program
South Korea’s “Silicon Valley” continues its love affair with Blockchain technology. A major satellite city in South Korea, Seongnam, is preparing to expand its existing blockchain-powered payment program by issuing new digital gift certificates.
Blockchain Energy Trading Pilot Using Bitcoin Sidechain Goes Live in LA
A U.S. startup is setting up a blockchain energy trading pilot in Los Angeles to promote electric van sharing. Energy and transportation startup EVShare is launching a community energy-sharing pilot in Los Angeles. The initiative, which received $20 million in partner funding and a $9 million grant from the California Energy Commission, is set to test the application of blockchain technology in managing a localized renewable energy grid.
VeChain’s Latest Blockchain Application Makes Food Safer
VeChain’s newly released tool offers a suite of whitelabel services that will allow the food sector to implement on-chain safety management services. These services include traceability templates which track things like origin traceability, cross-border traceability, full-process traceability, and more. They have high hopes that the tool will be useful for many sub-sectors and products, such as fresh food, dairy, alcohol and wine, and imported food.