Day: December 10, 2021

This Crypto Collaboration Aided Health Staff Beaten By Venezuelan Regime

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As Venezuelans have struggled to survive the pandemic during times of dictatorship, the crypto company Circle collaborated last year with the countries’ opposition to financially aid healthcare workers who were abandoned to a broken-down system with almost no proper medical equipment and a discouraging $15 a month salary. Today $1 equals 45,000,000,000,000,000 bolivars –although it has been devalued to look like 4,5 VES–, a cipher too large to comprehend, much like the general panorama. The basic food basket is calculated over $300 a month, but the minimum wage is roughly…

Ethereum Co-Founder Vitalik Buterin Publishes ‘Plausible Roadmap’ Addressing Scalability – Technology Bitcoin News

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In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming proof-of-stake transition, and censorship resistance. Buterin Outlines Plausible Ethereum Scaling Roadmap in Endgame Blog Post Vitalik Buterin, the prominent co-founder of the Ethereum project, has outlined his thoughts about a “plausible roadmap” that could address the network’s scaling issues. The blog post dubbed “Endgame,” explains a few…

3 metrics that traders can use to effectively analyze DeFi tokens

Much to the chagrin of cryptocurrency proponents who call for the immediate mass adoption of blockchain technology, there are many “digital landmines” that exist in the crypto ecosystem such as rug pulls and protocol hacks that can give new users the experience of being lost at sea.  There’s more to investing than just technical analysis and gut feelings. Over the past year, a handful of blockchain analysis platforms launched dashboards with metrics that help provide greater insight into the fundamentals supporting — or the lack thereof — a cryptocurrency project.…

BadgerDAO Reveals Details of How It Was Hacked for $120M

In a blog post this week, DeFi platform BadgerDAO provided details of how it was exploited for $120 million earlier this month. BadgerDAO said that a phishing incident that occurred on Dec. 2 was caused by “a maliciously injected snippet” from Cloudflare, an application platform that runs on Badger’s cloud network. The hacker used a compromised API key that was created without the knowledge or authorization of Badger engineers to periodically inject the malicious code that affected a subset of its customers. The hacker ultimately stole $130 million in funds,…

Why “Bitcoin Creator” Craig Wright Came Out Ahead Despite Having To Pay $100 Million

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On Monday, it was determined by a Miami court that Craig Wright, the alleged creation of Bitcoin, would pay $100 million in damages to David Kleiman, Wright’s partner. The case had dragged on for about a year and finally came to an end with this judgment. This time, Wright did not appeal the judgment as the computer scientist believed it to be fair. Furthermore, Wright said that the judgment on the part of the court solidifies his claim to be the original Bitcoin creator, which is something the computer scientist…

Market Wrap: US Inflation at 39-Year High Fails to Buoy Bitcoin

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Bitcoin’s price swung from gains to losses and back to gains on Friday after a key U.S. inflation report showed consumer prices rose in November at their fastest pace in 39 years. The market fluctuations left bitcoin on track for its fourth straight weekly decline, and the starry-eyed forecasts of $100,000 by year end – or even a return to last month’s all-time high of around $69,000 – are now looking far less likely. Crypto traders had been waiting for the release of the U.S. consumer price index early Friday,…

2 Prominent Bitcoin Core Contributors Step Away From Their Roles

Dobson’s departure followed the October exit of Bitcoin Core code maintainer Jonas Schnelli, who cited the stress of increasing legal risks for developers. According to Bitcointalk.org, the maintainers with commit access to Bitcoin’s code currently numbers just three people: Wladimir J. van der Laan, Marco Falke and Michael Ford. There are also two people with commit access who are not maintainers–Pieter Wuille and Hennadii Stepanov. And while there are many Core developers and contributors working on Bitcoin’s code, only maintainers and those with commit access are able to merge new…

How Polygon Sealed A $400M Deal To Get Ahead In Ethereum ZK Rollup

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Scaling solution Polygon has stepped up its Zero-Knowledge (ZK) proof ambitions. According to an official post, a startup called Mir will collaborate with Polygon and has invested a staggering amount of $400 million. Related Reading | Polygon: Ethereum’s Friend Is Looking To Make Big Strides Mir and its team of experts will join the scaling solution to implement their ZK Rollup technology, developed for over two years. The startup was founded by Brendan Farmer and Daniel Lubarov, and its team, comprised of people with backgrounds in pure math, cryptography, and…

The Two Miami Art Weeks

The Two Miami Art Weeks On Wednesday night, at an event co-sponsored by this website, Pitbull gave a rousing five-minute speech analogizing the city of Miami to a “pineapple” before disappearing into the crowd, whi CryptoX Portal