Technology Financial News

31.10 / 17:47

business Technology proof-of-work Bitcoin Bitcoin Price 14 years since the Bitcoin white paper: Why it matters

Happy white paper day, Bitcoin. It’s been 14 years since Satoshi Nakamoto first sent an email to the Cypherpunk mailing list with the subject line, “Bitcoin P2P e-cash Paper.” The email included a link to the white paper, an outline of what would soon become a one trillion-dollar market.

31.10 / 16:37

business Technology Adoption Scams Happy Halloween: The five spookiest stories in crypto in 2022

After over 13 years of ups and downs, this year stands out for having the most turbulent bear market in the history of crypto. Owing to a mix of factors — that include regulatory clearances across the globe and improved credibility among projects that survived the bear market — the world of crypto marked numerous milestones this year.

31.10 / 05:25

Technology Adoption 5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech

The financial technology associations for Thailand and Hungary have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of blockchain technology to their respective financial sectors.

31.10 / 03:07

Technology Art NFT Tech An introduction to decentralized NFT catalogs

Over the last year, venture capitalists poured more than $4.6 billion into infrastructure and projects related to nonfungible tokens (NFTs). This infrastructure now needs users. They will come when people understand that they can apply these NFTs not just for speculative purposes but to design and structure their everyday activities. For these, they don’t need NFTs — they need to sort their lives out. And, decentralized catalogs are there to help them do it.

30.10 / 01:09

Technology Adoption data Tech Celsius Network’s bungling showed why centralization can’t protect privacy

In Celsius Network’s recent court filing, the billion-dollar centralized finance (CeFi) platform exposed more than 14,000 pages of customer identity and on-chain transaction data without user consent — a prescient reminder that privacy absent decentralization is no privacy at all.

28.10 / 02:43

Blockchain Technology Television Netflix TV streaming providers should start relying on NFTs

Subscription-based services have become so ubiquitous it’s hard to remember a time when they weren’t the norm. Streaming companies have sought to take advantage of that norm by fleecing consumers for everything they’re worth — just look at Netflix’s decision to start running advertisements.

28.10 / 00:07

business Blockchain Technology defi audit Team Finance exploited for $14.5M during protocol migration despite contract audit

On Oct. 27, decentralized finance (DeFi) lockup protocol Team Finance said that over $14.5 million worth of tokens were exploited through the Uniswap v2 to v3 migration function on its platform. As told by blockchain security firm PeckShield, the hacker transferred liquidity from Uniswap v2 assets on Team Finance to an attacker-controlled v3 pair with skewed pricing. By locking tokens to the contract, the attacker bypassed existing validation mechanisms and pocketed the huge leftovers as a refund for profit.

26.10 / 17:39

Technology Adoption Investments Bitcoin Next Bitcoin rally to start in Q2 2023 — Mark Yusko explains why

The anticipation of the next Bitcoin (BTC) halving will be the main catalyst that sparks a new crypto rally as soon as the second quarter of 2023, according to hedge fund manager Mark Yusko.

25.10 / 19:55

business Blockchain Technology Bitcoin network bitcoin lightning Support CashApp adds support for Bitcoin Lightning Network

According to a new page added to its support section on Oct. 25, Cash App — a mobile phone payment processing app created by Block Inc. — has added support for transactions via the Bitcoin Lightning Network. The new feature allows Cash App users to send and receive Bitcoin (BTC) on the faster, more efficient layer-2 protocol. Lightning is ideal for small transactions, with near-instant processing times, compared with the minutes to hours required on the Bitcoin blockchain.

25.10 / 16:47

business Technology Bitcoin Bitcoin Price What does the global energy crisis mean for crypto markets?

There’s no denying that the world is currently facing an unprecedented energy crisis, one that has compounded severely in the aftermath of the COVID-19 pandemic so much so that countries across the globe — especially across Europe and North America — are witnessing severe shortages and steep spikes in the price of oil, gas and electricity.

25.10 / 06:33

business Technology Apple App Store New Apple rules double down on 30% NFT 'tax' and geo-limits exchanges

Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs.

24.10 / 06:45

business Technology Investments Bitcoin services Crypto platform Freeway halts services citing 'unprecedented volatility'

Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.”

24.10 / 02:39

business Technology Investments Crypto incubators have a responsibility to maintain fiscal discipline

Contrary to popular belief, a bear market provides ideal conditions for startup founders and developers to work on technological innovations. The absence of market frenzy and speculative investing helps startups to focus on the fundamentals, which are beneficial in the long run. However, bear markets dry up capital sources, and liquidity becomes the proverbial mirage of an oasis in the desert sand. Thus, startups turn toward incubators who become messiahs with their network of angel investors and venture capitalists.

22.10 / 16:05

Technology Adoption Trading Liquidity What directional liquidity pooling brings to DeFi

Modern decentralized exchanges (DEXs) mainly rely on liquidity providers (LP) to provide the tokens that are being traded. These liquidity providers are rewarded by receiving a portion of the trading fees generated on the DEX. Unfortunately, while liquidity providers earn an income via fees, they’re exposed to impermanent loss if the price of their deposited assets changes.

21.10 / 01:37

Technology Law Government crackdowns are coming unless crypto starts self-policing

Self-regulation will be critical in governing the rapidly changing landscape of the cryptocurrency industry in order to preserve its autonomous, decentralized nature.

20.10 / 20:11

business Blockchain Technology Following launch hype, PancakeSwap wants to deploy mainnet on Aptos

On Oct. 20, developers of the popular decentralized exchange, or DEX, PancakeSwap proposed deploying its mainnet on layer-1 blockchain Aptos.

20.10 / 19:13

Technology Ethereum Adoption Bitcoin Bitcoin vs. Ethereum smart contracts — Interview with Muneeb Ali: Watch Market Talks

On this week’s episode of Market Talks, we welcome Muneeb Ali, co-founder of Stacks — a Bitcoin layer for smart contracts — and the CEO of Trust Machines, which is building the largest ecosystem of applications for Bitcoin and their underlying technologies.

20.10 / 09:15

business Technology Ethereum Adoption asset manager $4.5T asset manager Fidelity offers ETH custody and trading to clients

Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, is set to offer Ether (ETH) custody and trading services to its institutional clients later this month.

20.10 / 00:07

business Blockchain Technology Report: Half of all DeFi exploits are cross-bridge hacks

According to a new report by crypto data aggregator Token Terminal, approximately 50% of exploits in decentralized finance, or DeFi, occur on cross-chain bridges. In two years' time, more than $2.5 billion have been stolen by hackers from exploiting vulnerabilities on cross-chain bridges. The amount is enormous comparison to other security breaches, such as DeFi lending hacks ($718 million) and decentralized exchange exploits ($362 million) in that period.

19.10 / 23:11

Technology defi Tokens Testnet Aptos Foundation airdrops 20M tokens to its early testnet users

Layer-1 blockchain company Aptos Foundation announced on Oct 18 that it had rewarded its early network participants with free APT tokens.

19.10 / 03:13

Technology defi Tech Democracy DAOs need checks and balances to have better governance

Over the past few years, decentralized autonomous organizations (DAOs) have introduced a clear paradigm shift in blockchain governance. With their community decision-making and adherence to hardcoded rules, they have challenged the role of hierarchy and central authority that are present in modern organizations, especially as it pertains to business. Ideologically, DAOs have a lot in common with democracies: individuals holding an amount of a DAO’s specific token can allocate those tokens as votes on governance proposals. Once voting has concluded, the final outcome is executed autonomously by smart contracts.

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