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“# Akoin rolls out to Kenyan tech city in first step towards Akon City ” Akoin, the cryptocurrency project of American-Senegalese musician, Akon, is launching imminently in the $2 billion Mwale Medical Technology City, or MMTC, in Western Kenya. As a newly built city, centred around a state-of-the-art medical and technology complex, MMTC would seem…
“#Amazon’s Ring recalls video doorbells that can catch on fire” Home-security startup Ring is recalling about 350,000 video doorbells that could catch on fire if they’re not installed properly. The camera-equipped doorbells’ batteries can overheat if the wrong screws are used to mount them, the Amazon-owned company said in a recall notice filed with the…
“# This project wants to recreate Ethereum on Polkadot ” The MoonBeam project is planning on setting up a custom parachain that emulates the Ethereum Virtual Machine environment, effectively recreating Ethereum (ETH) on Polkadot (DOT). Developers on Polkadot and some other interoperability projects usually need to set up an entire blockchain to host their decentralized…
“# Binance briefly pauses Ethereum withdrawals as network suffers ‘minor hard-fork’ ” The Ethereum network has suffered what looks like a hard fork on Wednesday as reports emerged of outages and irregularities on infrastructure providers Infura and Blockchair. While initially it was believed to be an internal issue in Infura, a hosting service used by…
“# Bitcoin fees plummet as mempool clears to zero ” The Bitcoin network mempool shrank to its smallest size since mid-October this week after the network’s hash power soared. The clear mempool meant that that thousands of stuck transactions pending confirmation were included in recent blocks, leaving very few unconfirmed transactions still outstanding. The spike…
“# Sam Bankman-Fried believes even ETH 2 can’t handle DeFi’s potential growth ” FTX exchange co-founder and CEO Sam Bankman-Fried believes Ethereum (ETH) is incapable of handling decentralized finance’s (DeFi) growth. Talking to Camila Russo from the Defiant Podcast, Bankman-Fried says that the Ethereum blockchain is limiting DeFi’s development and the only way around it…
“# Ethereum 2.0 deposits at 10% of launch threshold as deadline approaches ” The deposit contract for Ethereum 2.0 now holds 50,849 Ether (ETH), worth approximately $22 million as of press time. This is slightly less than 10% of the minimum required stake of 524,288 ETH, or $230 million. Ethereum 2.0 is set to launch…
“# Weather-tracking blockchain in West Africa, but transparency on a raincheck ” West Africa is home to an estimated 381 million people and counting. Unfortunately, the region was also found to be a hotspot for climate change, which will likely impact crop yields and food production while causing damage to its unique wildlife. At the same…
“# Investors are back into Bitcoin but DEXs are still the future of crypto ” Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has the path to mass…
“# DEX volumes pumped over 1,000% in Q3 before October saw the DeFi craze cool ” The trading volume on decentralized exchanges, or DEXs, reached $42.6 billion during Q3 2020, marking an increase of 1,132% on the previous quarter, according to a recent industry report from TokenInsight. However, October saw figures pull back a little…