Daily Archives: 02/09/2020

Bermuda government is testing BMDT stablecoin

The Bermuda government has announced that it has begun testing the Bermudian Dollar Token (BMDT) digital currency pegged to the Bermuda dollar. Denis Pitcher, chief financial adviser to the Prime Minister of Bermuda, said the BMDT would be used to distribute financial aid to the public. The development of this stable cryptocurrency has been carried out since the end of last year by the startup Stablehouse. The authorities intend to examine whether Bermuda residents will…

Binance Announces Binance Smart Chain Mainnet Launch

Binance Chain Developers Launch Binance Smart Chain Mainnet with BNB Staking and Decentralized Finance (DeFi) Application Development. The developers published the Binance Smart Chain White Paper in April 2020. The Binance Smart Chain is the Binance Chain sidechain to support smart contracts. Before deploying the main Binance Smart Chain, the developers launched a test network, checking the security of its interactions with various blockchains, as well as conducting stress tests using competitions. With Binance Smart…

An anonymous researcher accused Ethereum miners in manipulating transactions for arbitrage on DeFi

An anonymous researcher under the pseudonym Frank Topbottom accuses Ethereum miners of arbitrarily including transactions in blocks to manipulate transactions in DeFi. The researcher believes that with the development of the decentralized finance (DeFi) industry, the likelihood of manipulating data on the blockchain for profit only increases. This can be explained by the fact that miners are free to decide which transactions they can process and in what order. This practice is called “miner extractable…