Block Network

September 3, 2020

Yield farming frenzy pushes Uniswap daily volume over $1 billion

Uniswap has become the first decentralized exchange to tag ten-figure volumes amid a yield farming frenzy and vampire attacks A dramatic spike in yield farming activity associated with SushiSwap and similar protocols has seen Uniswap become the first decentralized exchange (DEX) to exceed $1 billion in 24-hour trade volume.According to crypto data aggregator CoinGecko, Uniswap […]

DeFi meme coin Hotdog dumps 99.9% in hours after launch

Food themed DeFi project Hotdog dumps from $4,000 to $1 in five minutes. The latest high-yield, food-flavored DeFi meme project, Hotdog, appears to have crashed and burned just hours after it was launched.The latest high-yield promising food-flavored DeFi meme project, Hotdog, appears to have crashed and burned just hours after it was launched.The newly cloned […]

Scam warning as Columbia’s President ‘endorses’ Bitcoin Era

Not even the Colombian president is exempt from being impersonated by Bitcoin scammers. The Colombian police have issued a warning about fraudsters promoting a Bitcoin scam website to social media users.The “announcement” about the launch of a fake Bitcoin-related investment system was purportedly “approved” by Ivan Duque, President of Colombia.According to Colombia Check, quoting a […]

Europe’s Revolut app now offers crypto trading for Aussie users

Australian crypto traders can now use one of the largest financial apps in Europe. After opening its doors to Australians last month, one of the largest brokerage firms in Europe is now offering crypto trading services.U.K.-based money app Revolut announced on Sept. 3 that its tens of thousands of Australian customers are now able to […]

Pieter Wuille will continue to work with Blockstream despite his recent move to Chaincode Labs

Wuille will continue contributing to a new Multi-Signature standard for Bitcoin. Bitcoin Core developer Pieter Wuille has migrated from Blockstream to Chaincode Labs. Wuille has been with Blockstream from the beginning, having co-founded the company in 2014. When asked about Wuille’s departure, Blocksteam’s CEO Adam Back said:“Pieter’s doing what he always has — working on […]

CEO shares an early adoption story about selling Bitcoin inside various Taco Bells

Bitcoin goes quite well with tacos. Following an earlier endeavor selling Bitcoin (BTC) at a premium on eBay in 2015, Chris Maurice, CEO of African crypto exchange Yellow Card, made a small business selling the asset at multiple Taco Bell locations. Maurice worked with his friend Justin Poiroux on the endeavor. Poiroux, who later co-founded the Yellow Card exchange, first […]

Digital rights non-profit is tired of the shadowy practices used by many centralized exchanges

When it comes to transparency, the Electric Frontier Foundation minces no words — Kraken good, Coinbase bad. The Electronic Frontier Foundation, or EFF, is calling out Coinbase for its lack of transparency. At the same time, the group pointed to Coinbase’s rival exchange, Kraken, as an example of responsible behavior. The EFF was founded in […]

What flash crash? ETH options still favor $500 Ethereum price

Ethereum price corrected 13% but derivatives data still support a $500 Ether price. Today’s Ether (ETH) 10% dump caused its annualized futures basis to adjust after flirting with extremely optimistic territory. The basis indicator compares futures contracts price to the current level at regular spot exchanges.Healthy markets usually display a 5% to 15% annualized basis, […]

Heads of Binance.US and eToro grace Fortune’s top 40 under 40 list for 2020

Some of crypto’s own take the spotlight in Fortune’s fresh list of elites. Fortune picked out a number of individuals deemed as most influential for 2020, listing 40 different names across five separate sectors. Binance.US CEO, Catherine Coley, and eToro CEO Yoni Assia found their names on the list, published on Sept. 2, under the finance section. […]

Your crypto is not outside government reach, VC firm partner says

An anti-thesis to some of industry’s core concepts. Morgan Housel, partner at venture capital firm Collaborative Fund, said the government actually can control people’s digital assets.In a recent podcast episode with Morgan Creek Digital co-founder Anthony Pompliano, Housel mentioned that some arguments in favor of crypto are illogical. “The idea that the government cannot touch your […]