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“# Coinbase outage caused crypto purchase issues, not an intentional ban ” On Jan. 29, a number of Coinbase users reported issues with the platform’s buy and sell functions. The Coinbase difficulties arose just a day after Robinhood barred GameStop share purchases following surging prices on the stock. A recent blog post indicates the Coinbase…
“# Going feeless is the only way to enable blockchain adoption ” Face-to-face transactions are starting to seem quaintly archaic as many countries continue or even expand lockdowns due to the ongoing COVID-19 pandemic. Since the start of the crisis in early 2020, digital transactions have surged, particularly in e-commerce and digital banking. In contrast…
“# Surge in Bitcoin energy consumption sparks debate in crypto community ” The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over the ecology of the seminal cryptocurrency. According to the latest data from Digiconomist’s Bitcoin…
“# YouTube boxer Logan Paul turns himself into an NFT Pokemon card ” Controversial YouTube celebrity Logan Paul has jumped on the nonfungible token, or NFT, bandwagon as part of his latest self-promotion. Decentralized e-commerce platform Bondly announced Feb. 4 that it will create a limited edition of 44 NFTs featuring a “holographic” image of…
“# EY deploys blockchain products on China’s Blockchain-based Service Network ” Ernst & Young, one of the world’s largest professional services networks, is expanding its blockchain services in China in partnership with major local blockchain projects. According to a Feb. 5 announcement, EY will deploy its blockchain products on the Ethereum blockchain and Blockchain Open…
“# Twitter’s Jack Dorsey has fired up a full Bitcoin node ” Twitter founder and CEO Jack Dorsey has fired up his own Bitcoin (BTC) node. On Jan. 5, the tech billionaire posted a screenshot of the Bitcoin node software Bitcoind running on his computer, meaning Dorsey now lends a hand in validating Bitcoin transactions….
“# Australian pleads guilty to $90 million crypto fund scam in the U.S. ” An Australian citizen has pleaded guilty to cheating investors out of over $90 million by squandering money they invested in his New York-based cryptocurrency funds. Twenty four-year-old Stefan He Qin entered the plea to a single count of a securities fraud…
“# Curve liquidity providers see $3M windfall from $11M Yearn Finance exploit ” DeFi protocol Yearn Finance has reported that its V1 yDAI vault was exploited by a hacker to the tune of $11 million on Feb. 5. However, the hacker failed to reap the lion’s share of the heist, with Curve liquidity providers making…
“# ‘Expensive lesson’: 75 Eth2 validators slashed for introducing potential chain split bug ” Staking infrastructure provider Staked said it had learned “an expensive lesson” after 75 of its Eth2 validators were slashed on Feb. 4 from the staking pool as punishment for producing competing blocks. In a statement, Staked took the blame for the…
“# Merging traditional finance and DeFi is critical for mass adoption ” When capital markets opened for the first time this year on Jan. 4, 2021, the focus of the front page of the Financial Times was squarely aimed at Bitcoin (BTC) with the headline: “Bitcoin tops $34,000 as record-breaking rally resumes.” That Bitcoin is…