Tag: Tech

Dogecoin’s Surging Price Has Resurrected Its Technical Development
Crypto News

Dogecoin’s Surging Price Has Resurrected Its Technical Development

It was all a meme.Well, Dogecoin still is a meme – just a more expensive meme. And as the price rises from the depths, Dogecoin’s historically scattered development is rising with it.Take Dogecoin lead maintainer, Ross Nicoll, for example. His last commitment on Github came in October of 2019, but in the past two weeks he’s taken on a handful of new pull requests to make changes to the coin.As he and four other Dogecoin developers take up the keyboard in the name of the Shiba Inu-emblazoned memecoin (which is now worth over $9 billion at $0.07 a coin), they’re tasked with upgrading a software whose last major release happened nearly two years ago in June 2019.“People say it’s a joke coin but we’re very careful to take care of the code. When it took off, there was a r...
Matic Network Now ‘Polygon’ as Platform Targets Ethereum’s L2 Woes
Crypto News

Matic Network Now ‘Polygon’ as Platform Targets Ethereum’s L2 Woes

Ethereum startup Matic Network is rebranding to Polygon as it goes all-in on further Ethereum Layer 2 scaling solutions.The India-based firm is pivoting toward addressing Ethereum’s throughput problem with a forthcoming Layer 2 aggregation SDK that can host multiple technologies at once, according to a blog post shared with CoinDesk.The startup currently administers a proof-of-stake (PoS) Ethereum sidechain using the Plasma framework – a now out of favor Layer 2 solution that will continue to be hosted. Version 1 of the software development kit (SDK) for Layer 2 aggregation will be ready in March, Polygon co-founder Sandeep Nailwal said in a Telegram message.“Polygon will support multiple layer 2 solutions such as Optimistic Rollups (OR), zkRollups (ZKR), and Validium, ef...
If Whales Move the Market, UniWhales Is the Whale Whisperer
Crypto News

If Whales Move the Market, UniWhales Is the Whale Whisperer

When Elon Musk changed his Twitter bio to “#bitcoin” last week it moved the market, but not just for bitcoin itself.Users of UniWhales could see big holders making moves in real-time. Matt Aaron, the CEO of UniWhales, sent CoinDesk screenshots showing three big moves of liquidity providers exiting USDC/ETH and USDT/ETH positions on Uniswap. In 11 minutes, $47 million worth of liquidity had exited the Uniswap system right after Musk told the world:“Our thesis is that whales control the market,” Aaron told CoinDesk in a phone call. “People with more money tend to have better information.”UniWhales started in September as a simple Telegram channel with a bot that flagged large buys on Uniswap. That’s why it’s called UniWhales. It started analyzing the moves of big holders (w...
Yearn Finance DAI Vault ‘Has Suffered an Exploit’; $11M Drained
Crypto News

Yearn Finance DAI Vault ‘Has Suffered an Exploit’; $11M Drained

Yearn Finance has suffered an exploit in one of its DAI lending pools, according to the decentralized finance (DeFi) protocol’s official Twitter account.At 5:14 p.m. ET, banteg, from the Yearn team, posted in Discord: “Attacker got away with 2.8m, dai vault lost 11.1m.”An Aave flash loan was used to trigger the vault draining, according to an Ethereum address presumed to be associated with the exploit.Yearn Finance is one of the leading venues in DeFi, known for always enabling depositors to recoup all their yield in the token they initially deposited. The platform recently updated to a new suite of vaults, but like any smart contract platform, the prior smart contracts persisted. According to DeFi Pulse, Yearn currently has $500 million worth of assets entrusted to it. E...
Beyond Coinbase: 8 Other Ways to Buy Bitcoin
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Beyond Coinbase: 8 Other Ways to Buy Bitcoin

When Elon Musk adds #Bitcoin to his Twitter bio, you know buying bitcoin is in vogue again.The cryptocurrency is pumping, perhaps not-too-coincidentally, as investing app Robinhood faces criticism for censoring stock and crypto trading in response to the Wall Street Bets saga.With Robinhood taking heat, Coinbase is basking in the glow.Coinbase’s popularity has climbed to its highest point since 2017, and it’s now the ninth-most downloaded application on Apple’s (AAPL) U.S. app store as well.The centralized exchange is one of the oldest in the game and has historically been the U.S.’ go-to option for buying bitcoin and its cohort of altcoins. Because buying on Coinbase is straightforward and it’s been around for so many market cycles, the service has strong brand reco...
Are You Running a Bitcoin Node?
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Are You Running a Bitcoin Node?

“Are you running the numbers?”This is what Bitcoin Core developer Andrew Chow is trying to find out in a new survey.Sponsored by a grant from MIT’s Digital Currency Initiative, Chow crafted the survey “to get answers from people who are not current users” about why they don’t run a Bitcoin Core full node, the wallet software which simultaneously keeps a record of Bitcoin’s transaction history and connects users to other peers in the network.Bitcoin full nodes are like servers so, if you’re not running your own to broadcast transactions to the wider network, then you’re relying on someone else’s.Moreover, a full node offers users complete control over what encoded rules they want to follow, as well as the ability to independently verify a variety of network data. The po...