Vitalik Buterin spoke candidly about his experiences as the “leader” of Ethereum, saying there are times when he wishes he was less visible. At the same time, he played down this somber statement by saying, “that comes with the territory.” The Ethereum co-founder finds public life annoying at times Buterin’s comment sheds light on aspects…
Talking to Bloomberg, Vitalik Buterin spoke openly about various aspects of Ethereum, including perhaps the most challenging issue it faces to date, scalability. The Ethereum ecosystem features the most dApps and has the highest total value locked in native DeFi protocols. However, some say it has become the victim of its own success, as evidenced…
Experimental and new tech is always subject to intrusions and exploits, with crypto not far behind in that regard. And yesterday saw one of the first instances of an NFT being “front-run.” Punk gets sniped You may have heard of CryptoPunks, the first-ever, Ethereum-based, non-fungible token (NFT) project with over 16,000 unique “punks” which have…
On Monday, the price of Ethereum (ETH) briefly dropped by over 50%—from around $1,600 to $700—on crypto exchange Kraken, prompting numerous debates on whether this was some kind of technical malfunction. However, the dip wasn’t an error and could have been caused by a whale trader, the platform’s CEO Jesse Powell told Bloomberg today. “We’re…
Yesterday’s decline of the crypto market has triggered the second-largest wave of liquidations in decentralized finance’s (DeFi) history as a total of $24.1 million worth of positions got wiped, according to metrics platform DeBank. The largest amount of collateral was liquidated on DeFi platform Compound ($13.7 million), followed by Aave with $5.4 million. Previously, the…
Decentralized finance is a prevalent industry that keeps reaching new milestones. Despite the appeal, no one can deny plenty of issues with the current DeFi mining model. In my opinion, we need to revamp this entire aspect by removing impermanent loss from the equation. DeFi Mining Has Issues One of the more popular aspects of…
The biggest Ethereum wallets are smart contracts instead of exchange or user accounts—a sign of adoption and activity. Wrapped Ethereum leads the charts Two of the largest Ethereum wallets are smart contracts, data from various sources shows. The top address is a “Wrapped” ETH wallet, while the next is the Ethereum 2.0 deposit wallet. “The…
The developers of Primitive, Ethereum-based decentralized finance (DeFi) permissionless options protocol, “whitehacked” their own platform after a severe exploit was discovered today. “EMERGENCY ALERT @PrimitiveFi has whitehacked our contracts to safeguard user funds after a critical vulnerability was discovered. Further user action is required to safeguard funds,” Primitive tweeted today. 🚨 EMERGENCY ALERT🚨 @PrimitiveFi has…
The chipmaker was overwhelmed by the massive use of its graphic chips by Ethereum and Bitcoin miners in 2017. But it’s prepared this time around. Nvidia’s Ethereum bet Graphics chipmaker Nvidia said Thursday it will release a new series of semiconductors specifically for mining Ethereum, as per a report on Verge. The firm saw huge…
Ethereum futures daily trading volume on CME doubles since last week The daily trading volume of Ethereum (ETH) futures on the Chicago Mercantile Exchange (CME) has exceeded $75 million, crypto metrics platform Glassnode reported today. 2 min read →