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“# Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark ” The latest data from analytics providers suggest that cumulative Tether transaction volume has just surpassed $600 billion as it begins to dominate crypto exchange trading. On-chain analytics provider Glassnode has revealed that Tether transaction volume increased by around 20%…
“# Cointelegraph Consulting: Ethereum’s on-chain activity surges and bullish sentiment spikes ” The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicates that discussions around Ethereum have switched from highly bearish to predominantly bullish. Historically, this hasn’t meant good news for the token’s price. Ethereum’s on-chain activity, measured by unique daily addresses, has…
“# Attempting to stifle encryption is a waste of time, suggests Status security chief ” Corey Petty, a chief security officer at Status messenger, told Cointelegraph that he believes there is no way to marry end-to-end encryption with the type of backdoor access law enforcement agencies continue to lobby for. He also believes that any…
“# USDC set to land on Stellar in 2021 ” The Centre consortium announced on Thursday that USD Coin (USDC) will soon be available on the Stellar blockchain. This marks the first time that a major stablecoin will be made available on the platform, joining the ranks of Anchor USD, WhiteStandard and some others. USDC…
“#Using AI, Canadian city predicts who might become homeless” TORONTO – As makeshift tent cities spring up across Canada to house rough sleepers who fear using shelters due to COVID-19, one city is leveraging artificial intelligence (AI) to predict which residents risk becoming homeless. Computer programmers working for the city of London, Ontario, 170km southwest…
“# Escalating DeFi scams tarnishing the crypto yield farming market niche ” For those active in the decentralized finance arena, hardly a day goes by without a report of one project or another “exit scamming” its investors. From rug-pulling to fake presales, DeFi experts and novice traders alike are bleeding valuable Ether (ETH) from these…
“# The Bahamas central bank wants to make its digital ‘Sand Dollar’ global ” The Central Bank of the Bahamas (CBOB) is planning to make its central bank digital currency project interoperable on the international level. Bobby Chen, CBOB assistant manager of electronic solutions, claimed that the Bahamas’ digital currency — dubbed the “Sand Dollar”…
“# Yearn Finance’s founder says he ‘doesn’t build for speculators’ ” The founder of Yearn Finance, Andre Cronje, has seen a fair share of criticism lately as he deployed some smart contracts that ended up losing users’ money. Cronje defended himself in a blog post and explained why he believes he shouldn’t be held responsible…
“# Bancor updates DEX to try a new approach against impermanent loss ” Bancor is updating its protocol once more to defeat the insidious issue of impermanent loss, which it earlier called “DeFi’s dirty little secret.” Impermanent loss, also called divergence loss, affects exchanges based on automated market makers like Bancor or Uniswap. It happens when…
“# Alarming growth of difficult-to-detect ‘Lemon Duck’ crypto mining botnet ” Since the end of August, cybersecurity researchers have identified increased activity on a crypto mining botnet called “Lemon Duck”. The botnet has been around since December 2018, however a big jump in activity over the past six weeks suggests that the malware has infiltrated…