contracts

What is Bancor Protocol? A DeFi Guide to BTN

Source Node: https://www.asiacryptotoday.com/bancor-protocol-guide/
Time Stamp: August 18, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
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Bancor Protocol takes advantage of smart contracts to build a decentralized, interoperable, and highly-liquid token exchange protocol. It became popular in the decentralized finance (DeFi) space shortly after having introduced smart tokens that facilitate instant exchange between different ERC-20 tokens in the market, regardless of their volume. Such development has opened a lot of other opportunities to users without having to involve third-party financial service providers in the scenario. Table of Contents Background The Team The team consists of five members of the Bancor Foundation, based in Zug, Switzerland. Bernard

Bitcoin Touches $12,000 While Gold Continues Its Rally

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-12000/
Time Stamp: August 17, 2020 3:58 PM - Modified On: May 21, 2021 - Published By:
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Of the many things that happened over the weekend, perhaps the most significant was the announcement from Warren Buffett that he’s now investing in gold and gold-related assets. They say you can’t teach an old dog new tricks, and this is a huge shift in investment principals for the Oracle of Omaha. Long contending that gold is not a worthwhile asset to invest in, Warren is now very abruptly seeing the appeal. Why? … You know why. This is about money printing. The printer is working overtime, and this is

Defi Is Coming to Qtum as Ethereum Rival Launches $1M Defi Dev Fund

Source Node: https://bitcoinist.com/defi-is-coming-to-qtum-as-ethereum-rival-launches-1m-defi-dev-fund/?utm_source=rss&utm_medium=rss&utm_campaign=defi-is-coming-to-qtum-as-ethereum-rival-launches-1m-defi-dev-fund
Time Stamp: August 17, 2020 3:11 PM - Modified On: May 21, 2021 - Published By:
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Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over. On August 17, the Qtum Foundation announced a $1 million DeFi development fund that will be allocated to solo devs and teams seeking to create scalable DeFi dApps. Qtum is not the first blockchain platform to lay down the red carpet to DeFi devs; Matic Network recently issued a similar call, with a generous grant program

Record Ethereum Network Use and Gas Fees Pose Risk to DeFi Expansion

Source Node: https://cointelegraph.com/news/record-ethereum-network-use-and-gas-fees-pose-risk-to-defi-expansion
Time Stamp: August 15, 2020 5:31 PM - Modified On: May 21, 2021 - Published By:
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The number of Ethereum network transactions more than doubled in 2020 and is now virtually identical to the January 2018 all-time high. As shown on the chart below, the number of transactions doubled in the past six months to stand at 1.23 million per day. Ethereum 7-day average daily transactions. Source: CoinMetricsThis situation might seem very bullish at first, but one must remember both EOS and Tron (TRX) started as ERC-20 tokens before launching their own mainnet and running fully independent blockchains.A similar chain migration is happening on Tether’s USDT, a stablecoin

RenVM Guide: A Private and Interopable DeFi Platform

Source Node: https://www.asiacryptotoday.com/renvm-guide-a-private-and-interopable-defi-platform/
Time Stamp: August 15, 2020 9:53 AM - Modified On: May 21, 2021 - Published By:
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With the objective of solving concerns on privacy, interoperability, and liquidity in decentralized applications, the RenVM ecosystem was established. This is yet another successful DeFi project with cross-chain interoperability, only this time, with better privacy features. The Republic Protocol and its RenVM project were aimed to provide large volume and high-frequency traders the opportunity to execute trades without spooking the market with their calls. With the help of darknodes, they maintained an exchange with a hidden order book. Table of Contents Background Ren began in late 2017 under the Republic

Ethereum Price Hits 2-Year High as ETH Futures Open Interest Tops $1.5B

Source Node: https://cointelegraph.com/news/ethereum-price-hits-2-year-high-as-eth-futures-open-interest-tops-15b
Time Stamp: August 14, 2020 5:26 PM - Modified On: May 21, 2021 - Published By:
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Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at a new record high of $1.5 billion.ETH-USD 4-hour chart. Source: TradingView.comThe record high open interest on ETH futures hints that traders remain bullish and further gains could be seen over the coming days.In recent months, Ethereum has seen strong momentum due to the explosive growth of the Decentralized Finance sector. The demand for Ether led to a sharp

Thailand’s Central Bank Eyes DeFi Use Cases for Its Digital Baht

Source Node: https://cointelegraph.com/news/thailands-central-bank-eyes-defi-use-cases-for-its-digital-baht
Time Stamp: August 14, 2020 7:55 AM - Modified On: May 21, 2021 - Published By:
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Thailand’s central bank is looking at smart contracts and decentralized finance (DeFi) implementations for its national digital currency, the digital baht.Vijak Sethaput, senior developer for the Bank of Thailand’s (BoT) central bank digital currency project Inthanon, discussed the country’s CBDC progress in an interview hosted by a global think tank for central banking, the Official Monetary and Financial Institutions Forum, on Aug. 13.Sethaput was joined by Sky Guo, CEO of New York-based enterprise blockchain firm Cypherium, which is focused on global CBDC implementations and interoperability.In the interview, Guo said that

Five Hours to Failure: The ‘Save Yam’ Proposal Is Falling Short

Source Node: https://cointelegraph.com/news/five-hours-to-failure-the-save-yam-proposal-is-falling-short
Time Stamp: August 12, 2020 10:43 PM - Modified On: May 21, 2021 - Published By:
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The future of the Yam Finance yield farming protocol hangs in the balance as it awaits token deposits for a governance vote that could save the project.With less than five hours to go, Yam is only a third of the way towards the 160,000 tokens required.A code bug discovered earlier today in one of Yam Finance’s smart contracts sent the hottest thing in DeFi into a tailspin as it scrambles to find a fix through its decentralized governance system.The project posted an update outlining the issues and making a plea to

Token Launches From Ethereum to Telegram: Where Do We Go From Here?

Source Node: https://cointelegraph.com/news/token-launches-from-ethereum-to-telegram-where-do-we-go-from-here
Time Stamp: August 12, 2020 9:51 AM - Modified On: May 21, 2021 - Published By:
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In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do not speak publicly about ongoing enforcement actions. In late July, however, with the Telegram case settled, Commissioner Peirce gave a speech titled “Not Braking and Breaking” that pointedly questioned the approach taken by the SEC in the Telegram case. Concluding her remarks, Commissioner Peirce asked:“Who did we protect by bringing this action? The initial purchasers, who