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$99 Gas Fees on Ethereum Are Crippling DeFi’s Growth

Source Node: https://cointelegraph.com/news/99-gas-fees-on-ethereum-are-crippling-defis-growth
Time Stamp: August 14, 2020 12:02 AM - Modified On: May 21, 2021 - Published By:
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The surging popularity of decentralized finance (DeFi) protocols on Ethereum (ETH) has contributed to skyrocketing fees, with the network processing an all-time high of $6.87 million in total fees yesterday. Speaking to Cointelegraph, Synthetix (SNX) founder and CEO, Kain Warwick warned that high fees were impacting the growth of DeFi, stating:“In the last three months, we’ve gone from an environment where DeFi was expensive to use and a little bit slow, to now, [where] for a lot of people it’s prohibitively expensive.”Ethereum fees have spiked nearly 100% over the past 24

Building on Taproot: Payment Pools Could Be Bitcoin’s Next Layer Two Protocol

Source Node: https://bitcoinmagazine.com/articles/building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol?utm_source=rss&utm_medium=rss&utm_campaign=building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol
Time Stamp: August 11, 2020 12:10 PM - Modified On: May 21, 2021 - Published By:
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This article is about a technological concept based on the proposed Taproot protocol upgrade. If you’re not yet familiar with the basics of how Taproot works, it’s recommended that you first read this explainer.Taproot, a potential upgrade to the Bitcoin protocol first proposed by Bitcoin Core contributor Gregory Maxwell, is in its late stages of development. The technology consists of a clever combination of crypto-tricks that would let users hide complex smart contracts inside regular-looking transactions — the complexity is only ever revealed if parties to a contract are uncooperative.Leveraging

Stocks Continue to Rally While Digital Assets Take a Breather

Source Node: https://www.bitcoinmarketjournal.com/digital-assets-take-a-breather/
Time Stamp: August 11, 2020 10:01 AM - Modified On: May 21, 2021 - Published By:
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The idea of the tooth fairy never made much sense to me. I don’t like the idea of presenting fiction as fact, especially to my children. My wife, on the other hand, is quite into it. For one thing, the economics are all messed up. Supposing there’s some kind of business or even a nonprofit, how does the Tooth Organization sustain the kind of overhead involved when every transaction results in a loss? The other thing is the timing, which almost never adds up. While you might be able to

Ethereum Classic’s Leadership Says They Don’t Need Charles Hoskinson’s Bailout

Source Node: https://cointelegraph.com/news/ethereum-classics-leadership-says-they-dont-need-charles-hoskinsons-bailout
Time Stamp: August 10, 2020 6:08 PM - Modified On: May 21, 2021 - Published By:
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Cardano (ADA) founder Charles Hoskinson recently offered to help the troubled Ethereum Classic (ETC) community, but it came with a major condition. The community would first have to institute a decentralized treasury system, similar to Hoskinson’s Cardano and many other blockchain projects. If the community did not accept his terms, Hoskinson felt like his help would have been a waste of time and money:“It's not worth my company's time or our strategies to pivot for a grant or a one off payment to go and bail us out. If there

Analysts Expect Chainlink (LINK) Reversal After 50% Eruption to $14

Source Node: https://bitcoinist.com/analysts-chainlink-link-reversal-after-eruption-14/?utm_source=rss&utm_medium=rss&utm_campaign=analysts-chainlink-link-reversal-after-eruption-14
Time Stamp: August 9, 2020 6:00 PM - Modified On: May 21, 2021 - Published By:
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Chainlink (LINK) has erupted higher in the past week, recently crossing above $14 for the first time ever. The asset trades at $14.40 as of this article’s writing, which means that it is up by approximately 20% in the past 24 hours. The asset’s outperformance comes as Bitcoin, Ethereum, and other major crypto-assets have stalled at local highs. LINK is prepared to drop from here, say some analysts as certain technicals suggest the bull trend is weakening. Chainlink Could See a Bearish Reversal, Analysts Say Hands down, Chainlink (LINK) has

Top 5 Slots That Will Make You Feel Wild

Source Node: https://bitcoinchaser.com/slots-that-will-make-you-feel-wild/
Time Stamp: August 9, 2020 9:50 AM - Modified On: May 21, 2021 - Published By:
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An Official North Dakota Cryptocurrency Could Be on the Horizon

Source Node: https://cointelegraph.com/news/an-official-north-dakota-cryptocurrency-could-be-on-the-horizon
Time Stamp: August 7, 2020 5:09 PM - Modified On: May 21, 2021 - Published By:
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Rep. Nathan Toman believes that an official "North Dakota coin" could potentially help the state's struggling economy in the wake of COVID-19, an Aug. 7 article from Inforum said. "That was my hope, but we're a little bit late to the game on doing something like that," Toman told Inforum regarding COVID-19 and the potential state-sanctioned Blockchain asset.Backed by aspects such as state-held precious metals and property, Toman told Inforum he sees the such an asset positioned as more of a store of value than a transactional currency. He additionally believes

The Bulls Are Back in the Digital Asset Market

Source Node: https://www.bitcoinmarketjournal.com/the-bulls-are-back-in-the-digital-asset-market/
Time Stamp: August 3, 2020 3:03 PM - Modified On: May 21, 2021 - Published By:
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Hope you had an excellent weekend. It’s become a bit of a rarity lately while bitcoin was sitting flat, but now that crypto is in a bull market again, I suppose it makes sense to see some volatility over the weekend. Hope it’s not surprising to anyone. Stocks are moving up, precious metals are marching higher, and capital is flowing toward new age financial technology in a way that we’ve never really seen before. There’s a lot more liquidity these days, and it has been floating into all sorts of