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“# Too little, too late? Ethereum losing DeFi ground to rival blockchains ” 2021 has been a great year for Bitcoin (BTC) and crypto in general. However, Ethereum and the decentralized finance, or DeFi, sector have outshined other niches of the cryptocurrency space, dazzling the community with enormous growth in terms of popularity, engagement and…
“#Hacked security firm Verkada let staff view clients’ cameras” Surveillance startup Verkada reportedly enabled dozens of staffers to peep on its clients — just like the hackers who attacked the company this week. More than 100 Verkada staffers had access to the internal “Super Admin” privileges that hackers used Monday to get feeds from more…
“# Bitfinex users can now paper trade their custom algo strategies ” Crypto exchange Bitfinex has introduced a new feature for its algorithmic trading toolkit, allowing users to test their trading strategies without putting actual funds at risk. Bitfinex users can now deploy Honey Framework in their paper-trading sub-accounts. A paper trade is a simulated…
“# Bank of Russia to start digital ruble trials in 2022 ” The central bank of Russia is expecting to start pilots for its central bank digital currency in 2022, a senior executive reportedly claimed. Bank of Russia deputy governor Alexey Zabotkin said that the bank is planning to complete a prototype digital ruble by…
“# Chinese banks pilot digital yuan at Shanghai department stores ” Shanghai’s New World City and New World Daimaru Department Store, and food caterer Taikang Food Store handled thousands of digital yuan transactions over the past weekend, Shanghai Daily reports. As part of the trial, the retailers featured digital yuan payments as part of a…
“# Peter Schiff’s son moves 100% of his portfolio into Bitcoin ” Spencer Schiff, the son of gold bug and major Bitcoin (BTC) critic Peter Schiff, seems to have decided to move all his portfolio investments into one single asset, Bitcoin. “My son went all in on Bitcoin on the last drop below $50k. 100%…
“# Ethereum miners plot hash-power ‘show of force’ against EIP-1559 ” Some Ethereum miners are trying to drum up support for a demonstration of force to show their opposition to the impending implementation of EIP-1559. Amid the backdrop of ever-escalating Ethereum fees, the Ethereum Improvement Proposal seeks to replace the network’s existing bidding-based fee market…
“#Cassette tape and CD inventor Lou Ottens dead at 94” The inventor of the CD and cassette tapes has passed away. Lou Ottens, who is credited with not only inventing the cassette tape but also helping develop the CD, died at his home in the Netherlands village of Duizel this month. He was 94. “We…
“#What’s the real problem with fake streams?” Eric Drott, Associate Professor of Theory at the University of Texas at Austin, explains how systemic inequalities can lead to the purchase of black market streams. Photo by Alex Livesey/Getty Images The issue of fake streams — plays of music registered by bots or real people hired…
“# The things the DoJ’s latest move against McAfee has taught us ” Earlier this month, antivirus pioneer John McAfee was officially charged by the United States Department of Justice on seven counts of fraud and money laundering. These charges have been filed with respect to his activities in the crypto space from 2017 to…