Jeff Garzik’s Company Launches Vesper Platform to Invest in DeFi

Cryptocurrency NewsBy 16/10/2020

Bloq, led by Jeff Garzik, is releasing a new product for investing in decentralized finance (DeFi) projects through cryptoasset staking. Bloq’s new platform, Vesper, is marketed as an easy-to-use tool for DeFi products. Through Vesper, users will be able to block ETH, wBTC or USDC for staking from mid-November using one of the “storage pools”. Bloq co-founder, former Bitcoin Core developer Jeff Garzik, said that after depositing cryptoassets, users can choose the level of staking…

Jeff Horowitz steps down from Coinbase

Cryptocurrency NewsBy 15/10/2020

Coinbase officials said Jeff Horowitz, head of corporate governance at Coinbase, is leaving his post. The reasons for his departure are unknown. Horowitz began his career at Lehman Brothers and Citigroup and took up a senior position at Coinbase in 2018. According to the exchange staff, he made a huge contribution to the establishment and improvement of procedures aimed at combating money laundering and customer identification. Horowitz has also helped Coinbase comply with the Financial…

Ethereum Foundation Developer Introduces Fe Programming Language To Create Smart Contracts

Cryptocurrency NewsBy 15/10/2020

Ethereum Foundation developer Christoph Burgdorf has introduced a new programming language called “Fe” for creating smart contracts. Most Ethereum applications today are written in the Solidity language. Providing developers with a wider choice of languages will help develop the Ethereum ecosystem more efficiently. Fe is a reworked version of the Vyper language that is used to work with the Ethereum Virtual Machine (EVM). Therefore, at the initial stage, the differences between Fe and Vyper will…

PwC report: blockchain will drive the global economy by $ 1.76 trillion by 2030

Cryptocurrency NewsBy 14/10/2020

Blockchain will boost the global economy by $ 1.76 trillion over the next decade, with the greatest economic impact going to be seen in Asia, according to a new report from consultancy PwC. PwC economists predict that a tipping point will come in 2025 if blockchain is widely deployed around the world. In addition, blockchain applications are expected to drive global gross domestic product (GDP) growth of $ 1.76 trillion (1.4%) by 2030. Blockchain will…

Ethereum 2.0 Developers Successfully Launch Zinken Testnet

Cryptocurrency NewsBy 14/10/2020

Ethereum 2.0 developers have successfully launched the Zinken testnet and tested the creation of the ETH 2.0 genesis block. Zinken launched after a failed deployment of the Spadina testnet. According to the developer of Ethereum 2.0. Danny Ryan, today’s launch of the Zinken testnet went smoothly. Zinken is the latest planned “dress rehearsal” for ETH 2.0 testing to create a Genesis Block – the first block in a new chain before the Proof-of-Stake network goes…

Three ATMs with BTC purchase function appeared at Tesla’s gigafactories

Cryptocurrency NewsBy 13/10/2020

Crypto ATM operator LibertyX stated that devices with the BTC purchase function appeared at three Tesla enterprises. However, Elon Musk doubted this information. Fold payments platform CEO Will Reeves tweeted Saturday that Tesla’s gigafactory has a cryptomat. However, Tesla CEO Elon Musk questioned this statement. “I think this is inaccurate information,” Musk tweeted. Soon, the ATM operator, LibertyX, confirmed the launch of three ATMs at three Tesla gigafactories in the United States. The confusion seems…

Google Trends: Interest in Bitcoin and DeFi Industry Falls

Cryptocurrency NewsBy 13/10/2020

According to Google Trends, users have become less interested in Bitcoin and the decentralized finance (DeFi) industry. Often, a drop in the number of search queries correlates with a drop in prices. Google Trends tracks the number of searches for different words, assigning each a numeric value that indicates its popularity. Google Trends data gives a rough idea of the world’s interest in various aspects of the cryptocurrency market. In the first week of September,…

Ethereum Miners Disapprove New Fee Model in EIP 1559

Cryptocurrency NewsBy 12/10/2020

According to the survey, Ethereum miners are disapproving of the Ethereum Improvement Proposal (EIP) 1559, put forward by leading network developers, aimed at introducing a new fee model. Eight of the nine mining projects that participated in the EIP 1559 community survey responded negatively to the proposal. At the same time, seven out of nine respondents said they would refuse to implement EIP if it is included in a future hard fork. Developers began discussing…

DappRadar: Ethereum accounts for 96% of transactions in the DeFi industry

Cryptocurrency NewsBy 12/10/2020

According to DappRadar’s Q3 2020 report, 96% of total DeFi transactions came from Ethereum. DeFi user activity has increased due to “profitable farming”. The DappRadar team has released a Q3 report on DeFi performance. According to the report, over the past three months, the volume of transactions in the industry has reached $ 125 billion, which is $ 113 billion more than in the second quarter. At the same time, 96% of the total volume…

Fidelity, Circle and MakerDAO: “stablecoins will increase the efficiency of enterprises”

Cryptocurrency NewsBy 09/10/2020

According to project leaders at Fidelity Labs, Circle, and MakerDAO, dollar stablecoins are attracting new users to the cryptocurrency market and improving organizations. They announced this at the Blockchain Summit in Los Angeles, discussing the possibilities and prospects of stable cryptocurrencies. Raghav Chawla, director of product development at Fidelity Labs, believes that stablecoins pegged to fiat currencies simplify transactions for ordinary users and large enterprises, eliminating the need to go to banks or other intermediaries.…

Category Archives: Cryptocurrency News