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IOTA to Launch First Phase of Chrysalis Upgrade Next Week

11 Aug 2020 1 minute read comments Abhi K

On August 10, the IOTA (MIOTA) project announced that it would launch the first phase of its protocol upgrade Chrysalis next week. The upgrade brings a host of improvements to the network as IOTA progresses towards IOTA 1.5. Chrysalis is an intermed...

Ampleforth Removes Pausability from Its Code Making it Fully Decentralized

10 Aug 2020 1 minute read comments Abhi K

On August 7, Ampleforth (AMPL) co-founder Brandon Iles revealed on the AMPL Talk forum that the team had removed two emergency functions that by default made the system centralized. Meant to protect the network “against unexpected, adverse situations...

Crypto Mom Re-Elected for Another 5 Years at SEC

10 Aug 2020 1 minute read comments Abhi K

On August 6, Forbes reported that Commissioner of the US Securities and Exchange Commission (SEC) Hester Peirce was approved by the United States Senate for a second term. Peirce is known as “crypto mom” within the cryptocommunity for her pro-innovat...

Compound Launches Permissionless Price Oracle

10 Aug 2020 1 minute read comments Abhi K

Money market protocol on Compound launched Open Price Feed, a permissionless price oracle, on August 8. The open price oracle allows the protocol to rely on price feeds from entities outside the Compound infrastructure. “Reporters” can submit prices...

Chainlink Growth Pushes DeFi Market Cap to Over $10B

10 Aug 2020 1 minute read comments Abhi K

The Chainlink (LINK) token has been experiencing a significant price growth over the past few weeks, rising from $9.63 on August 6 to its current price of $13.67 (at the time of publishing). The price rally has contributed to an already rapidly growi...

Jameson Lopp Says That Chinese Mining Dominance Won't Last Forever

10 Aug 2020 1 minute read comments Abhi K

Cypherpunk, programmer and cryptocurrency proponent Jameson Lopp published a blog post on August 9 that examined the actual threat faced by the dominance of Chinese miners. Lopp argued that the status quo may not last long, as internationally produce...

Over 10,000 Blockchain Companies Were Founded in China in 2020

10 Aug 2020 1 minute read comments Abhi K

On August 8, blockchain data platform Longhash revealed on Twitter that over 10,000 blockchain companies had been established in China in 2020. In only 7 months, 2020 has nearly matched the figure from 2019 and is at just under half as that of 2018....

Polkadot Launches Testnet for Sharding Implementation

7 Aug 2020 1 minute read comments Abhi K

On August 4, the Polkadot (DOT) project launched a testnet, called “Rococo”, for the implementation of its sharding solutions based on parachains. Initially comes with 3 default parachains: Tick, Trick and Track Currently supports Horizontal Message...

Balancer Token Skyrockets Amid Podcaster Token Listing

7 Aug 2020 1 minute read comments Abhi K

Evan Van Ness, the host of the “Week in Ethereum” Podcast and former Director of ConseSys, has tokenized himself on the Balancer (BAL) platform in the form of EVAN tokens, which has already skyrocketed in value. The EVAN tokens went live on Balancer...

Latest Weiss Ratings Puts Ethereum Ahead of Bitcoin

7 Aug 2020 1 minute read comments Abhi K

Weiss Crypto Ratings released its latest round of cryptocurrency rankings on August 6, and there are some surprises. Ratings take adoption, technology, market momentum and investment risk into account. Ethereum (ETH) ranks first, ahead of Bitcoin (B...