Martin Young

Blog Info Altcoin Buzz
Blog Info Coingape
Blog website Link
Blog website Link
Stats Has written 181 posts about cryptocurrency

Jul 28 2021

Messenger App LINE Partners with Yahoo! Japan on NFT Markets

One of Asia’s leading messenger platforms has partnered with Yahoo! Japan to collaborate on non-fungible tokens (NFTs) and secondary markets. On July 27, messaging giant LINE announced the partnership with Japan’s leading internet company Yahoo! Japan. LINE subsidiary LVC, which operates the crypto asset and blockchain side of businesses, aims to expand secondary markets for NFT trading. It stated that NFTs based on...

Jul 27 2021

Tether Refutes Bloomberg Bank Fraud Claim Calling it Clickbait

Jul 27 2021 Published at Altcoin Buzz under tags  cryptocurrency news tether usdt

The company behind the Tether stablecoin has responded to a Bloomberg article that claimed there was a probe into executives that may have committed bank fraud. On July 26, Bloomberg ran an article claiming that a U.S. probe into Tether is focusing on whether company executives committed bank fraud, adding “a potential criminal case that would have broad implications for the cryptocurrency market.”...

Jul 23 2021

Ethereum May Get Millions More Users via Reddit on Layer 2

Social content aggregation platform, Reddit, has selected Layer 2 Ethereum solutions provider, Arbitrum, to scale its community points program. The move could potentially onboard millions of new users to the Ethereum ecosystem. Reddit made the announcement on July 22, adding that it will be testing the scaling network on the Rinkeby testnet, before migrating to the Ethereum mainnet. The U.S. social media giant...

Jul 22 2021

Elon Musk Wants More Bitcoin Now That It Is ‘Greener’

Jul 22 2021 Published at Altcoin Buzz under tags  bitcoin elon musk mining spacex spotlight

One of the largest influencers over Bitcoin price action this year, Elon Musk, has been back at it, hinting that Tesla may make another purchase. The Tesla CEO also revealed that his other firm, SpaceX, owns Bitcoin, though it has yet to officially announce how much it has purchased. The revelation came while Musk was speaking at a virtual Bitcoin event called "The...

Jul 21 2021

Staking Liquidity Platform Bifrost Wins 5th Kusama Parachain Slot

The fifth parachain slot on Polkadot’s Kusama platform has been awarded to DeFi staking protocol, Bifrost. The announcement was made by U.S. crypto exchange Kraken on July 20, 2021. It added that the auction for the fifth parachain slot ended on block 8,355,247 and Bifrost won it with a total amount of 142,431 Kusama tokens (KSM) worth an estimated $23 million bonded to...

Jul 20 2021

Polygon Launches Web 3 Gaming and NFT Studio

Ethereum Layer 2 solutions aggregator, Polygon, has continued with its expansion plans with the launch of a new unit dedicated to blockchain gaming, and non-fungible tokens (NFTs). Polygon announced the launch of Polygon Studios on July 19, 2021. The new enterprise will be focused on helping to advance blockchain gaming and NFTs enabling the platform to “bridge the gap between Web 2 and...

Jul 16 2021

Nuclear Powered Crypto Mining is Coming to America

There has been a lot of negative sentiment towards Bitcoin and crypto mining this year due to its energy consumption but greener options are now emerging. Tesla CEO, Elon Musk, kicked off the FUD with his comments on Bitcoin’s carbon footprint earlier this year. A massive crackdown on crypto mining operations in China followed and as a result,...

Op-Ed: Are DeFi DAOs Really That Decentralized?

Recent shenanigans at Uniswap have raised further questions regarding the true nature of decentralized autonomous organizations in the crypto industry. By design, a DAO should be automated and decentralized, acting without a typical management structure or board of directors. However, that does not appear to be the case with some of the larger...

Jul 14 2021

Iron Finance v2 Yield Farms Attract $1.5B TVL with Insane APYs

Embattled decentralized finance (DeFi) stablecoin project, Iron Finance, has launched its version 2 attracting $1.5 billion in collateral in just two days. The Iron Finance v2 protocol went live on the Polygon Network on July 12, 2021. The relaunch included a new token called ICE and a stable swap product called IronSwap....

Do Recovery Services for Crypto Wallets Really Work?

As crypto markets have surged in 2021, so has the number of users and crypto wallets. This, in turn, has led to an increase in recovery services. It is inevitable that an increasing number of crypto asset investors, traders, and users is accompanied by an increase in those that lose access to their crypto wallets for some reason or other. Wallet recovery services...

Jul 09 2021

The Ethereum Deflationary Upgrade: How it Could Pump Prices

The Ethereum London upgrade has gone into its final phase of testing this week and the highly anticipated hard fork has now been scheduled for August 4. This move by Ethereum will usher in a controversial upgrade called EIP-1559 that will result in some of the transaction fees being burnt....

Jul 07 2021

Alpha Finance Fundamentals Improving As Token Price Soars

Decentralized finance protocol, Alpha Finance, has been busy on the development side of things while its native token has skyrocketed in price. Alpha Finance detailed all of the latest developments in a recently released monthly report. In it, the team noted that Alpha Homora v2 launched in February has consistently been able...

Jul 06 2021

Crypto Influencers Unveil Social Messenger Payments Platform “Hi”

A number of prominent crypto industry leaders have announced a new cross- platform payment services app called “Hi”. Hi was unveiled in an announcement on July 2, 2021, in which it claimed had already garnered 250,000 members from 130 countries in less than two months of private beta testing. The app leverages blockchain technology to power a pilot service for cross-ecosystem financial services via...

Crypto Leaders Unveil Social Messenger Payments Platform “Hi”

A number of prominent crypto industry leaders have announced a new cross- platform payment services app called “Hi”. Hi was unveiled in an announcement on July 2, 2021, in which it claimed had already garnered 250,000 members from 130 countries in less than two months of private beta testing. The app leverages blockchain technology to power a pilot service for cross-ecosystem financial services via...

Jul 05 2021

Theta 3.0 Introduces TFuel Burning After Mainnet Launch

Decentralized content delivery platform, Theta, has introduced a new mechanism for burning its TFuel tokens following last week’s version 3.0 launch to mainnet. Theta mainnet 3.0 launched on June 30, 2021, following several months of build-up, and anticipation over the project. Two major protocol innovations were introduced in the upgrade; one of which will enable the burning mechanism that acts as a network...

Jul 01 2021

Ethereum 2.0 Blockchain to Hit Milestone

The amount of Ethereum staked on the Beacon Chain is about to reach a new milestone this week as approaches 6 million ETH. The Ethereum Beacon Chain launched seven months ago today on December 1, 2020, and it has been a resounding success in terms of staking. This week, the amount of staked ETH will surpass 6 million, which at current prices is...

Jun 30 2021

Network Adoption Protocol DAFI Launches Super Staking

Decentralized finance protocol, DAFI, has unveiled its tokenomics model and yield farming incentives which it calls “Super Staking”. The network adoption rewards protocol has announced that its super staking incentive has gone live on June 30, 2021. New documentation accompanies the launch with the aim of familiarizing users with the protocol’s token economy. It explained that DAFI creates “limitless applications with reduced...

Jun 29 2021

Crypto.com Launches Global USD Deposits and Withdrawals With Circle

Leading cryptocurrency wallet and platform, Crypto.com, has announced a partnership with Circle to enable U.S. Dollar transactions across the globe. The announcement added that the two firms have now introduced USD deposits and withdrawals to more than 30 countries around the world. Crypto.com, which recently detailed...

Jun 24 2021

Orion Protocol to Launch Crypto Marketplace on Cardano

Liquidity aggregation platform, Orion Protocol, is aiming to make mainstream buying, and selling crypto assets as easy as traditional finance in collaboration with Cardano. The decentralized finance (DeFi) protocol announced the move in a blog post on June 23, 2021. In the post, Orion stated that it aims to be the first decentralized gateway to the whole digital asset market. The goal is...

ConsenSys Details How EIP-1559 Will Change Ethereum Transactions

The hype is mounting over a long-awaited Ethereum upgrade that alters the transaction fee mechanism. However, will it actually result in any gas savings? The EIP-1559 modification will ship with the Ethereum London hard fork. Notably, this fork is scheduled for July sometime after being launched on testnet this month....