Day: August 31, 2020

Three veteran CoinMarketCap executives leave the company

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CoinMarketCap’s chief strategy officer and acting CEO Carylyne Chan is leaving the well-known crypto market data site — together with two of her colleagues, Jeremy Seow and Spencer Yang.  Chan, who has worked at CMC since January 2018, publicly announced her departure on Aug. 31. She had stepped in as interim CEO shortly after CMC was acquired by Binance in April of this year. Seow, for his part, has been CMC’s vice president of products since June 2019, the same month that Yang joined as vice president of operations, growth…

Chainlink lands on Bitcoin sidechain RSK with new integration

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Bitcoin (BTC) sidechain RSK will soon be equipped with Chainlink (LINK) oracles, enabling developers on the smart contract-enabled blockchain to tap into market price feeds and other off-chain data to build their applications. The integration is being developed by IOVLabs, the company behind the RSK sidechain. It is currently live on testnet and expected to be launched on mainnet in less than a month, an IOVLabs spokesman said. Chainlink data will be ported to RSK via RIF Gateways, an interoperability framework that is designed to let developers access a broad…

Madden NFL 21 is So Bad, Gamers Made #NFLdropEA a Real Thing

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Madden NFL 21 launched on Aug. 28, 2020 to intense gamer-backlash. A new hashtag calling for the NFL to cancel EA’s exclusive licensing deal is doing the rounds on Twitter. The game now stands as one of the worst user scored games on aggregator Metacritic. This year’s edition of EA’s football sim, Madden NFL 21, launched on Friday. As fans settled down over the weekend to experience everything the new game had to offer, they quickly realized that despite some hotly touted new features, modes, and mechanics, the game doesn’t…

No End in Sight For High Ethereum Gas Fees

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Mid-August saw total Ethereum gas fees top a record $8.6 million in one day. Following a brief respite, which coincided with the collapse of YAM Finance, total gas fees are starting to creep back up again. The latest data shows total gas fees reached $7.1 million yesterday. Daily total gas fees on the Ethereum network. (Source: coinmetrics.io) The current state of affairs has some commentators debating the sustainability of the Ethereum network. Long wait times, as well as high gas fees, have soured the experience for many users. During Mid-August,…

Torus Blockchain Wallet Launches Google Chrome Extension

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People may like the idea of blockchains and web 3.0, but they tend to hit an immediate obstacle in the form of private cryptographic keys and mnemonic seed phrases that cannot be lost, forgotten or divulged at any cost.  Private key management specialist Torus replaces that jarring user experience with what appears to be a familiar single login, but one that’s reinforced behind the scenes by a clever distributed architecture built for web 3.0. Announced Monday, the Singapore-based startup has released a one-click Chrome browser extension for its Torus wallet…

Steps to Implement for Developing a Feasible ICO Marketing Strategy

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The world has seen the massive scope that lies in ICO (Initial Coin Offering) owing to the record funds raised in recent times. With the increasing competition, timely ICO marketing services can go a long way in assuring success.  Some of the important aspects to concentrate on your ICO marketing strategy are:   Make your website attractive enough Your website acts as the first point of communication to the investors. Hence make sure you have a professional and well-designed layout. Display all the necessary information about your project transparently. Have…

OPEC to cover blockchain tech in second workshop on energy and IT

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The Organisation of the Petroleum Exporting Countries has announced that its Second Workshop on Energy and Information Technology will be held on Sep. 21 via videoconference. This year’s event sees blockchain technology join the range of energy and tech-related topics to be discussed. However, it is unlikely that the invited oil industry bigwigs will be discussing the energy consumption characteristics of cryptocurrency. The organization is more interested in streamlining aspects such as the supply chain, as OPEC secretary general Mohammad Sanusi Barkindo explained: “The energy industry, particularly the oil sector,…

Yearn Finance Launches Ethereum Vaults; Here’s Why Its Bullish for ETH

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Yearn Finance is now allowing people to stake their Ethereum holdings to earn higher yields via its new product yETH. The vault, which went live on Monday following a community vote, expects to attract a large amount of ETH tokens, with many observers noting that the migration would leave the Ethereum market with a supply-side liquidity shock. They are already counting on a bullish response from the ETH traders based on supply-demand economics. $ETH leveraged in #DeFi has passed 5,000,000 or ~4.50% of total circulating supply. It’s quite clear there’s…

Huobi and OKEx Battle for Supremacy in China

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Cryptocurrency exchange Huobi is taking aim at competitor OKEx in China, specifically the business of trading bitcoin futures and other derivatives contracts. The fight opens a new front in a longstanding rivalry.  OKEx, which is led by Chinese executives and based in Malta, is the world’s biggest crypto derivatives exchange, with outstanding contracts valued at $1.26 billion, according to the data site CoinGecko. Huobi, also led by Chinese brass but based in Singapore, is close behind, tied for second place with another exchange, BitMEX, at $1.25 billion.  In a report…