Tag: ethereum

July 23, 2021 / Unchained Daily / Laura Shin Daily Bits...

High commissions in the Ethereum cryptocurrency network are breaking all records. In 2021, the average commission exceeded the $20 mark and continues to grow. This is due to the hype around Ethereum-based decentralized finance (DeFi) tokens that slows down the work of the blockchain. However, there is one project called MATIC that offers a Layer 2 solution to increase the bandwidth of Ethereum...

ETH whales accumulated nearly 1.65 million coins in the last six days.

In 2018, the Securities and Exchange Commission (SEC) official William Hinman argued that Ethereum is sufficiently decentralized and therefore can’t be considered a security. At the time, the SEC decision was received positively by the crypto community, however, it received a fair bit of scrutiny by legal experts as it inadvertently introduced unprecedented addition to the so-called Howey Test, a US Supreme Court’s...

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...

The implementation of Ethereum's upgrade proposal, EIP-1559 could go live on August 4. Ethereum, the most popular blockchain, introduces the EIP-1559 update. This proposal exists to enhance the way transactions are processed and improve the user´s experience. It has the potential to be one of the most important updates in the history of Ethereum....

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 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...

Dogecoin continues to remain on Elon Musk’s list as the billionaire confirmed he held Doge, bitcoin, and ethereum. Speaking at the B Word conference on Thursday, Elon Musk confirmed that he held a couple of cryptos. The digital assets he held included bitcoin, ethereum, and no other than Dogecoin. The SpaceX CEO is fondly known in the community as the Dogefather. And it...

Vitalik Buterin spoke at the Ethereum Community Conference (EthCC) on how the network can grow beyond its most popular use case, Decentralized Finance (DeFi). Buterin highlighted that the project originally was supposed to go to areas beyond this use case. The different projects that comprised the DeFi ecosystem on Ethereum have seen great...

July 22, 2021 / Unchained Daily / Laura Shin Daily Bits...

At Wednesday’s live-streamed session hosted at The B Word Conference, Tesla’s self-declared ‘Technoking’ Elon Musk, Twitter’s co-founder Jack Dorsey and ARK Invest’s CEO Cathie Wood appeared as guests. The trio of CEOs was asked poignant questions regarding the cryptocurrency industry.

The overall market cap of digital currencies jumped above $1.3 trillion on Thursday.

Bitcoin and...

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...

July 21, 2021 / Unchained Daily / Laura Shin Daily Bits...