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“# Ether breaks $500 billion market cap for first time ” Ether (ETH), the second most-valued cryptocurrency after Bitcoin (BTC), has hit a major milestone amid the ongoing price rally. On May 12, Ether price set another historic record, surging to as high as $4,346, according to data from CoinMarketCap. Ether’s market capitalization briefly surpassed $500…
“#Voyager 1 detects ‘hum’ while in interstellar space” Voyager 1, which is the farthest human-made object from Earth and the first to enter interstellar space, has been detecting a “faint, persistent hum” that scientists have attributed to interstellar gas. Phys.org, citing research published in Nature Astronomy, reported that the spacecraft’s Plasma Wave System has picked up a “persistent…
“# Chia network not so green? CPU mining reportedly destroys SSD in weeks ” Chia Network, which emerged onto the cryptocurrency scene with the promise of cleaning up the environmental mess left by Bitcoin (BTC) miners, may not be as green as it seems. Unlike Bitcoin, Ethereum and others, Chia Network mines coins using an alternative…
“# DeFi hacks on Binance Smart Chain rise as TVL and volumes increase ” Binance Smart Chain, or BSC, was launched in September 2020 as a parallel blockchain to Binance Chain. It enabled the creation of smart contracts and a staking mechanism for the native token of both blockchains, Binance Coin (BNB). In its brief…
“# Alipay set to allow users test China’s digital yuan ” Alipay, the mobile payment platform owned by Ant Group, is set to allow some of its users to participate in the emerging digital yuan commerce ecosystem. According to a report by China Securities Journal on Monday, this new feature is a result of MYbank’s…
“# Dogecoin an ‘invaluable fad‘ that will help the cryptocurrency space, says exec ” The rapid emergence of Dogecoin (DOGE) as the fourth-largest cryptocurrency by market capitalization has led some to perceive the meme coin as a mere fad — something very much here today, but doomed to be gone by tomorrow. But in the…
“# Rari Capital allocates $26M from developer fund to compensate hack victims ” Following a $10 million exploit over the weekend, decentralized finance protocol Rari Capital is formulating a plan to compensate victims. According to an official postmortem of the attack published May 9, the platform lost 2,600 ETH equal to 60% of all users’…
“# Literally to the moon — SpaceX payload funded by DOGE plans to reach lunar orbit in 2022 ” Canada-based manufacturing and logistics firm Geometric Energy Corporation will be launching a Dogecoin-funded payload on one of SpaceX’s first rockets to the moon. In a Sunday announcement from Geometric Energy Corporation, the company said its commercial…
“# The great tech exodus: The Ethereum blockchain is the new San Francisco ” Remember the “Silicon Valley Tech Bubble”? In the early- to mid-2000s, the San Francisco Bay Area gave birth to some of the most storied and successful technology companies the world has ever seen. Facebook, Google, Salesforce, Twitter, Tesla, Lyft — the…
“# Stablecoins present new dilemmas for regulators as mass adoption looms ” Stablecoins present peculiar challenges to regulators. Although there is no single, agreed-upon definition of a stablecoin, the common denominator of the commonly used definitions is that stablecoins are designed to maintain a stable value in relation to a specified currency, asset or pool…