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“# ‘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…
“# Researchers detect new malware targeting Kubernetes clusters to mine Monero ” Cybersecurity researchers at Unit 42, the intelligence team at Paolo Alto Networks, have published a profile of a new malware campaign that targets Kubernetes clusters and can be used for the purposes of cryptojacking. “Cryptojacking” is an industry term for stealth crypto-mining attacks…
“# Exchange temporarily halts Ether withdrawals as gas fees hit new highs ” Japanese cryptocurrency exchange Liquid has temporarily disabled Ether (ETH) withdrawals as the altcoin hits new all-time highs. According to a Feb. 4 announcement, Liquid has halted withdrawals for ETH and some ERC-20 tokens due to a massive spike in transaction costs, or…
“# Bitcoin will likely reach $60K in 2021, says Investing.com analyst ” Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com. Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first…
“# Finance Redefined: DeFi gets shiny new money Lego parts, Jan. 27–Feb. 3 ” Finance Redefined is Cointelegraph’s weekly DeFi-centric newsletter, delivered to subscribers every Wednesday. The end of January saw a string of interesting announcements from projects building innovative products that may well push DeFi forward. And more price gains of course. To briefly…
“# Bitcoin’s Musk effect: Research shows how Elon moves cryptocurrency prices ” The effect of celebrity tweets on the cryptocurrency market has become a topic of study for researchers after a week in which Elon Musk triggered sizable price surges for both Bitcoin (BTC) and Dogecoin (DOGE). Blockchain Research Lab published a paper on Jan….
“# China’s blockchain service network announces Cosmos integration ” Tweeting on Monday, the Blockchain-based Service Network — China’s blockchain infrastructure project — announced that it had adapted Cosmos (ATOM) to its Chinese network. The Chinese BSN, unlike the international version, only supports permissioned enterprise blockchains. Thus, the Cosmos integrated to the Chinese-only BSN is an…
“# SBF says he’s amassed a $10 billion fortune in just three years in crypto ” Alameda Research and FTX exchange founder Sam Bankman-Fried has amassed a fortune, mostly via crypto assets over the past few years according to New York Magazine. SBF, as he is known in crypto circles, spoke to the publication about…
“# Devs ditching old ‘Ethereum killers’ for DeFi, NFTs and newer chains: Report ” Software engineers and developers are slowly switching their attention from layer-one blockchains once dubbed ‘Ethereum killers’ to the ever-increasing number of new decentralized finance protocols. A February Blockchain Development Trends report by venture capital firm Outlier Ventures suggests that developers are…