Taha Zafar

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Aug 05 2021

Ether Burning EIP1559 To Go Live Soon, Where Can You Watch The ETH Burn?

The highly anticipated Ether (ETH) burning EIP1559 upgrade containing London hard-fork is ready to go live on the Ethereum mainnet in a couple of hours, you can check the countdown here. It's the biggest upgrade planned for the base layer before the Merge - the shift from...

OpenSea Crosses $1 Billion Trading Volume In The NFT Mania!

There's good news for OpenSea - the leading NFT marketplace built on Ethereum as it has benefited the most from the recent NFT mania. According to crypto analytics and aggregator Messari, OpenSea has facilitated more than $1.02 billion in trading volume in this year - a new...

Aug 03 2021

Top 5 Historical NFT Collections On Ethereum

Currently, Non Fungible Tokens (NFTs) are all the rage in the crypto market. Dozens of art pieces and complete collections are getting minted daily over the blockchain. The NFT marketplaces are doing record volume and logging great user interest. But, the old NFT collections which started the whole thing remain far more valuable and possess an aura of greatness. Let's look...

Jul 31 2021

Ethereum Merge – EIP3675 Officially Assigned For POS Transition!

There's good news on Ethereum's sixth birthday. Ethereum merge (the transition from Proof of Work to Proof of Stake) an Ethereum 2.0 launch requirement has been assigned an Ethereum Improvement Proposal classification - the EIP3675, core developers Mikhail Kalinin and Danny Ryan announced on July 29 via Twitter! It means that the transition...

Jul 28 2021

Chainlink Staking – More Details Emerge On It’s Future

Chainlink released a report about the long proposed and highly anticipated Chainlink staking feature on July 27, which will see users and organizations binding their LINK tokens as collateral and assisting with the processing & security of the most...

Jul 27 2021

Ethereum Reorgs “Extremely Unlikely” After POS Merge: Research Paper

A new research paper by Ethereum co-founder Vitalik Buterin and blockchain researcher Georgios Konstantopoulos suggests that after "the Merge" or when Ethereum shifts from Proof of Work (POW) to Proof of Stake (POS), the recently discussed possibility of miners running custom clients (with existence not established with certainty) to accept bribes to execute Ethereum reorgs and extract harmful...

Jul 24 2021

Uniswap Front End “Delisting” Of Problematic Tokens Highlights Centralization Dangers

Uniswap sparked a new debate about decentralization after it delisted a couple of assets or tokens from it's front end on July 24. The move likely resulted from regulatory uncertainty and appears to be based on legal advice to safeguard the team from any future troubles. These restrictions apply on the "official"...

Jul 23 2021

THORChain Contract Problems – Approvals Can Drain RUNE Balance

THORChain is in hot waters again less than 24 hours after the last hack on July 23. This time it’s actually more serious. An interaction with any malicious contract can allow the attacker(s) to drain your wallet off the RUNE balance! It has worked as follows for now: attacker mass drops a token called UNIH to wallets, it’s worth something so users try...

Fidelity Digital Assets Crypto Survey: Institutional Hordes Are Coming

In a press release on July 20, Fidelity Digital Assets painted a severely hopeful picture of the crypto-investments environment and the future value of this new assets class. It referred to it’s survey conducted as part of it’s “2021 Institutional Investor Digital Assets Study”. According to Fidelity’s...

Reddit Goes Arbitrum L2 To Scale Community Points Program

Reddit announced that it has chosen Arbitrum L2 - an Ethereum based scalability solution featuring roll ups to scale it’s community points program on July 22. It will operate first on the Rinkeby testnet, before being implemented on the Ethereum mainnet itself. Since Reddit has...

THORChain Hacked For $8M Again, Whitehack Suspected

THORChain suffered another hack for $8M, exactly six days after the last hack on July 23. The team announced on their Twitter handle that it was a sophisticated attack on the Ether (ETH) router and the exploit was self- limited, hinting at a white hack episode - which means that it wasn't a malicious entity who executed the hack, but rather someone who wanted...

Jul 21 2021

Maker DAO Switches To Complete Decentralization

Maker DAO - the leading collateralized stable-coin project announced on July 20 that it has successfully completed the transition to a decentralized autonomous organization (DAO) structure and the current Maker DAO foundation is all set to dissolve in the coming months, former CEO Rune Christensen said in a post titled...

OpenSea Announces Fresh $100M Funding Round And Polygon Support

In an encouraging news for NFTs, the leading marketplace OpenSea announced on July 20 that it has successfully secured a $100M funding round led by Andreessen Horowitz. It brings the OpenSea...

Jul 20 2021

Grayscale Launches DeFi Fund For Institutional Investors, What’s Contained?

Grayscale Investments announced the launch of it's DeFi Fund for institutional investors in a collaboration with CoinDesk Indexes on July 19. It will allow investors exposure to multiple DeFi heavyweight / blue chip...

Jul 18 2021

Cardano Founder Challenged By Polymarket To Bet On His Project, Will He Commit?

In a genius marketing move, Polymarket - an Ethereum blockchain based prediction platform made a bet to the Cardano founder Charles Hoskinson, challenging him regarding the progress on his own platform. The bet is simple and asks the following question. Will Cardano support...

Jul 17 2021

MEV – A Brief Introduction To The Miner Extractable Value

Been hearing a lot about MEV lately and genuinely curious as to what it is? Let’s see. MEV is short for Miner Extractable Value. It’s the value that can be taken out of the system by miners or validators in blockchain systems and all of them have this function, in one form or another. How would the miners extract this value?...

Jul 16 2021

Uniswap v3 L2 Integration – How To Trade On The Ethereum Scaling Optimism

Uniswap announced the alpha launch of it’s decentralized exchange on Optimism “Ethereum Scaling” L2 solution on July 13. The Optimism Solution utilizes the optimistic roll ups concept by moving transactions off the Ethereum mainnet, therefore relieving load and offering faster confirmation / extremely low fees. A few assets are available at launch like ETH, USDT, WBTC, DAI,...

Jul 15 2021

ShapeShift User Or Not? You Might Have Been Sent Thousands Of Dollars!

ShapeShift - the non-custodial cryptocurrency trading service announced on July 15 that it’s existence as traditional company is coming to an end through dissolution of it’s corporate structure and the service would now be maintained through a decentralized autonomous organization (DAO), governed through the recently airdropped tokens to ShapeShift users, claimed by the company to be the largest airdrop ever....

Bondly Got Hacked For Millions And The Team Has No Idea Why!

Bondly Finance was hacked / exploited to the tune of over 5M on 15 June, after an unknown attacker took advantage of the infinite mint bug and dumped the 373M “created out of thin air” BONDLY tokens. The best part? The team claims to have no idea as to how it happened and said that they need several days to complete the investigation....

Emerging Reports That THORChain Hacked For 2400 ETH, What Happened?

There are emerging reports that the popular decentralized exchange (DEX) THORChain newly launched multi-chain chaos net was hacked for around 2400 ETH and as assortment of other tokens, the total estimated loss resulting from the incident is around $6.9M, going by the attacker's account. However, the treasury...