August 3, 2022

Contributors piling into Bitcoin, Ethereum, and Solana since 2018: Report

August 3, 2022

Despite crypto market turbulence, active contributors across Bitcoin, Ethereum, and Solana’s top projects have increased by an average of 71.6% per year since January 2018, according to a new report. The findings come from an August 2 report sent to Cryptox by technology investment firm Telstra Ventures, which found that Solana had the most significant annual increase in monthly-active contributors, growing at a compound annual growth rate of 173% since January 1, 2018. Contributors are developers who push updates to code on GitHub, a code repository for computer programs. Ethereum was…

Mental health support prime for decentralization, say academics

August 3, 2022 boss

Decentralized mental health services could be the answer to the looming shortage of mental health professionals, according to professors from John Hopkins University based in Baltimore. Speaking to Cointelegraph, Dr. Johannes Thrul from the John Hopkins School of Mental Health postulated that the mental health support sector could take a page from Decentralized Autonomous Organizations (DAOs) by offering support services in a decentralized system. Dr. Thrul authored a July 22 academic paper looking into “Web3 and digital mental health,” envisioning a decentralized peer support system that relies on “individuals with lived experience”…

Warning: Bitcoin Pi Cycle Bottom JUST FLASHED – You Should Do This Now

August 3, 2022

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What Could Trigger A Sharp Decline?

August 3, 2022 boss

Ethereum extended losses and tested the $1,550 zone against the US Dollar. ETH could gain pace if there is a clear move above the $1,650 resistance. Ethereum started a downside correction and traded below the $1,650 level. The price is now trading below $1,650 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if there is a clear break below the $1,550 support.…

Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss

August 3, 2022

The crypto contagion sparked by Terra’s infamous implosion this year only spread to companies and protocols with “poor balance sheet management” and not the underlying blockchain technology, says Kraken Australia’s managing director Jonathon Miller. Speaking with Cointelegraph, the Australian crypto exchange head argued that sectors such as Ethereum-based decentralized finance (DeFi) revealed its fundamental strength this year by weathering severe market conditions: “Some of the contagion that we saw across some of the lending models in the space, [was in] this traditional finance kind of lending model sitting on top…

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August 3, 2022

Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors – Bitcoin News

August 3, 2022 boss

Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court has granted the parent company of crypto lender Vauld, Defi Payments Ltd., a three-month protection from creditors, Bloomberg reported, noting this would allow Vauld to restructure and prepare for a potential acquisition by competitor Nexo, a major player…

Solana NTF Marketplace Magic Eden Is Expanding to Ethereum Blockchain

August 3, 2022

Leading Solana NFT marketplace Magic Eden, accounting for over 90% of secondary NFT trades on the blockchain network, announced on Tuesday that it is expanding to the Ethereum blockchain. The expansion would enable Magic Eden to integrate Ethereum NFTs into its platform. The company said that such integration would enable it to provide the same “go-to-market” benefits for Ethereum NFT creators the same way it does for its Solana users. The platform aims to offer multi-chain solutions for both creators and collectors. This would enable creators to launch NFT projects seamlessly while…

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August 3, 2022

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Ongoing Solana-based wallet hack has already seen millions drained

August 3, 2022 boss

A security vulnerability impacting the Solana ecosystem has reportedly seen millions in funds drained across a number of Solana-based wallets. At the time of writing, Solana (SOL) is currently trending on Twitter as countless users are either reporting on the hack as it unfolds, or are reporting to have lost funds themselves, warning anyone with Solana-based hot wallets such as Phantom and Slope wallets to move their funds into cold wallets. IMPORTANT- please retweet and tag @phantom and @solana 1. Many users are claiming they are getting notifications that they…