Day: September 30, 2021

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Compound supply bug mistakenly rewarded users with $70M in tokens

Decentralized finance (DeFi) interest rate protocol Compound Finance has reported a token distribution bug within its newly implemented Proposal 062, which is over-rewarding suppliers into the tens of millions of dollars.  The upgrade was designed to “split COMP rewards distribution and bug fixes” and was fully verified without issues. However, within hours, the team noted “unusual activity,” stating that “Compound Labs and members of the community are investigating discrepancies in the COMP distribution.” Despite the developments, the team has stressed that no funds either supplied or borrowed are at risk.…

Visa Unveils Proposed Interoperability Platform for Stablecoins, CBDCs — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English ​ Source

Visa working on blockchain interoperability hub for crypto payments

Global payments giant Visa has introduced a project that aims to be a “universal adapter” of blockchains that can connect multiple cryptocurrencies, stablecoins as well as central bank digital currencies (CBDC). According to an official announcement on Thursday, Visa’s research team is working on a “Universal Payment Channel” (UPC) initiative, a blockchain interoperability hub connecting multiple blockchain networks and enabling transfers of digital assets from different protocols and wallets. “Imagine splitting the check with your friends, when everyone at the table is using a different type of money — some using…

Cool Valley Mayor Will Airdrop $1000 Worth Of BTC To Each Household

The small town of Cool Valley, Missouri, lives up to its name. Its mayor, Jayson Stewart, plans to give $1K in bitcoin to each household and the project is fully funded. To top it all of, the airdrop comes with education. The 1500 habitants will learn how to use wallets and interact with the network, and also will be incentivized to HODL the coins they receive. “We’re going to get people storing their own Bitcoin as quickly as possible,” the Cool Valley mayor said. Related Reading | New To Bitcoin?…

Bitcoin Rising Toward $45K Resistance, Support at $40K

Bitcoin (BTC) buyers were active during Asian trading hours as pullbacks remain limited to the $40,000 support level. Initial resistance is seen at around $45,000, which could cap further upside over the short term. BTC was trading at about $42,900 at press time and is down 3% over the past week. Downside momentum is starting to wane, which could keep buyers active, albeit within a range between $40,000 support and $50,000 resistance. The relative strength index (RSI) on the four-hour chart continues to rise from extreme oversold levels last week,…

Bitcoin Rising Toward $45K Resistance; Support at $40K

Bitcoin (BTC) buyers were active during Asia hours as pullbacks remain limited to the $40,000 support level. Initial resistance is seen around $45,000, which could cap further upside over the short-term. BTC was trading around $42,900 at press time and is down 3% over the past week. Downside momentum is starting to wane, which could keep buyers active, albeit within a range between $40,000 support and $50,000 resistance. The relative strength index (RSI) on the four-hour chart continues to rise from extreme oversold levels last week,…

Switzerland national postal service to debut crypto stamp on Polygon

The national postal service of Switzerland is working to bridge the gap between physical stamps and the digital cryptocurrency industry by introducing tradable digital stamps. On Sept. 20, the Swiss Post officially announced the upcoming launch of the “Swiss crypto stamp,” a digital collectible linked to a physical stamp issued by the postal service worth 8.9 Swiss francs. The Swiss crypto stamp will provide a digital representation for a physical stamp and will be stored on a blockchain. “Each design forms a nonfungible token and is stored in the Polygon Blockchain,”…

Terra Blockchain, Home of LUNA and UST, Upgrades for Cross-Chain Interoperability — CoinDesk

Technically, “Wormhole V2 is already live for Solana, ETH, and Terra,” Curran explained. Wormhole’s node operators, known as guardians, “support Terra for V2, but the front-end interface support that allows users to transfer assets in and out of Terra to Solana and Ethereum is not live yet. The Wormhole team is just awaiting the launch of Col-5 before launching V2 UI support for Terra, which should happen within a week after Col-5 goes live.” Source

$1B science fund seeks blockchain projects to expand human lifespan

Scientists are continuously pursuing ways to lengthen the human lifespan, and blockchain might have been a missing part of the puzzle. The Longevity Science Foundation, a Swiss entity launched by a consortium of biotech founders, clinicians and leading longevity research institutions, aims to spend more than $1 billion over the next 10 years to find tech-based means to achieve a 120-year human lifespan. The foundation seeks to fund research, institutions and projects that use blockchain and other next-gen technologies to find new horizons in four critical areas of the field,…