MakerDao (MKR) has published a new report that attempts to put the events of ‘Black Thursday’ into context — and recommends safeguards to ensure it can never happen again. On March 12-13 a roughly 50% crash in the price of Ethereum (ETH) led to the under-collateralization of the debt positions underpinning Maker’s Dai (DAI) stablecoin.
The Nxt (NXT) and Ardor (ARDR) blockchains have seen a spike in the number of network’s nodes after rolling out an incentives program. Jerulidia — the company behind both blockchains — told Cointelegraph on April 28 that both networks experienced a dramatic increase in the number of nodes after the firm launched a node rewards
When Norwegian millionaire Tom Hagen reported that his wife had been kidnapped in October 2018, included was a ransom note demanding $10 million worth of the cryptocurrency Monero. Now, after Hagen’s arrest by local authorities on April 28 on suspicion the murder of Anne-Elisabeth Hagen, it seems as if the ransom demand could have simply
Speaking to attendees at Virtual Blockchain Week from her home in Kansas, Alyze Sam, co-author of a major guide to stablecoins, suggested stablecoins could be the key for big companies like Facebook and JP Morgan accepting decentralized assets as payment. Her midwestern charm matched her deep knowledge of stablecoins, and Sam sees these digital assets
A large Bitcoin (BTC) whale holding 68,000 BTC ($523 million), has not moved the funds for more than five years and on-chain data shows other whales have similarly held onto their BTC for 4.7 years on average. Although Bitcoin is the top ranked cryptocurrency on CoinMarketCap, whales holding on to the digital asset without selling
The transition of royalty payments into the blockchain should empower artists in the music industry by increasing their bargaining power for asking higher payouts, claims a report that blockchain-based digital music platform, OPUS has shared with Cointelegraph. According to OPUS’ study, given the novelty of introducing blockchain to the digital music streaming services market, they
Almost all markets across the world have been in turmoil owing to the economic uncertainties brought about by the coronavirus pandemic, and in that regard, the crypto market has been no different. However, one of the major cryptocurrencies to have made a remarkable recovery since hitting its lowest levels in March is Ethereum (ETH), and
A $30,000 proposal submitted by the group running Dash’s Japanese website has just received approval to continue their efforts to get the token relisted in Japan. According to an April 27 update on a DashNexus proposal, Yosuke Suda of Dash Japan has purportedly been working with the Dash Core Group to get DASH back in
Despite existing concerns that blockchain is not mature enough to bring the new era of payments, the technology is being increasingly explored by global central banks. Blockchain technology meanwhile remains at the core of Facebook’s digital currency Libra, according to a top project executive. Since Libra’s white paper release in June 2019, the not-yet-launched stablecoin
Bitcoin (BTC) was riding high on fresh gains on April 28 as little got in the way of bulls controlling the market. Cryptocurrency market daily overview. Source: Coin360 BTC price closes in on $8K barrier Data from Coin360 and Cointelegraph Markets reflected the buoyant mood among traders as BTC/USD lingered near seven-week highs of $7,800.
Decentralized file- and web-hosting protocol InterPlanetary File System (IPFS) announced its largest upgrade so far. According to an announcement shared with Cointelegraph, the developers will release IPFS version 0.5. on April 28. IPFS 0.5 reportedly makes uploading new data 25 times faster, fetching content two to five times faster, while finding nodes that have it
Crypto analyst Mati Greenspan won the title of “father of the year” from the two hosts of Virtual Blockchain Week as he tended to his child while delivering a presentation to the virtual conference’s attendees. Greenspan explained that Bitcoin and legacy assets were more closely correlated than you might think in the wake of COVID-19.
Several altcoins have been showing strength in the past week with some of them seeing surges of more than 100%. One of them is Chainlink (LINK), whose price has risen 156% since Black Thursday, while Ether (ETH) price also rallied 135%. The main question becomes whether altcoins are back in the game, or whether it’s
Blockchain co-inventor, Scott Stornetta talks about the origins of the name “Satoshi Nakamoto” and why he isn’t him. The original Bitcoin (BTC) whitepaper references eight works. One of them is a general book on probability, the rest are foundational to the cryptocurrency space. Three of those works were co-authored by Stornetta. In a 1991 paper,
Incognito is a new privacy and interoperability project that seeks to anonymize the tokens of every other blockchain. As part of that goal, it is launching private versions of leading Ethereum (ETH) decentralized finance platforms. Announced on April 24, the pKyber initiative is the first part of Incognito’s initiative to make DeFi private. First theorized
Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced the expansion of its stablecoin offerings alongside the launch of a “Stablecoin Center.” The Center, according to the announcement, will offer access to six stablecoins in the platform, including four of the most popular in terms of market volume: