Category: Technology

Over 2,300 Cardano Smart Contracts Are Waiting in Timelock, ADA Price Slides 20% Over 2 Weeks

Over 2,300 Cardano Smart Contracts Are Waiting in Timelock, ADA Price Slides 20% Over 2 Weeks

Following the successful Alonzo hard fork, the Cardano network now has a large swathe of new smart contracts. However, developers must wait to use them as they are locked in a timelock contract. At the time of writing, metrics show an aggregate total of 2,352 smart contracts since the Alonzo upgrade was implemented. Cardano Has […]

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Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of […]

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Polychain and Three Arrows Capital lead $230 million investment in Avalanche

Polychain and Three Arrows Capital lead $230 million investment in Avalanche

Avalanche, the proof-of-stake blockchain promising the industry’s fastest smart contracts, has raised $230 million in a token sale to institutional investors. Polychain and Three Arrows Capital led the round alongside R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital and a group of unnamed angel investors and family offices, according to a press release.  The capital […]

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Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform

Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform

The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of the prospective digital lira. Turkey Sets Up Digital Lira Collaboration Platform The Central Bank […]

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Solana blockchain validators restart network after transaction stoppage

Solana blockchain validators restart network after transaction stoppage

The Solana blockchain is back online after an hours-long outage. As previously reported, Solana’s transaction blocks came to a stop on Tuesday. Developers later said that Solana’s mainnet “encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging caused […]

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Solana experiences transaction stoppage as developers report ‘intermittent instability’

Solana experiences transaction stoppage as developers report ‘intermittent instability’

Transaction blocks appear to be not processing on the Solana blockchain, according to available data and complaints from the network’s users. Data published by block explorers SolScan and Solana Beach indicate that the last transaction block occurred roughly two hours ago. “Solana mainnet-beta is experiencing intermittent instability,” a message from a Twitter account run by […]

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Bitstamp owner fires back at former CEO in court clash over shares

Bitstamp owner fires back at former CEO in court clash over shares

The investment firm that owns Bitstamp has returned fire against the crypto exchange’s former CEO Nejc Kodrič. Bitstamp Holdings NV – an investment vehicle owned by NXMH, which acquired Bitstamp in October 2018 – is being sued by Kodrič in the United Kingdom’s High Court over an attempt to snap up his remaining 9.8% stake […]

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From Uber to Revolut to Bitpanda: Inside Irina Scarlat’s formula for ‘hyper-growth’

From Uber to Revolut to Bitpanda: Inside Irina Scarlat’s formula for ‘hyper-growth’

Quick Take Bitpanda’s newly-hired chief growth Irina Scarlat officer aims to grow the platform’s user base to ten million people by the end of next year.  Scarlat is acutely aware of the pressure that such rapid growth can exert on staff, but believes that helping junior staff to prioritize tasks prevents them ‘running like a […]

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ETH 2.0 Contract Exceeds 7.4 Million Ether, Close to $30 Billion Locked, Liquid Staking Pools Grow

ETH 2.0 Contract Exceeds 7.4 Million Ether, Close to $30 Billion Locked, Liquid Staking Pools Grow

The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates. According to statistics, the smart contract address is the largest holder of ethereum out of all the wallets in existence. Ethereum 2.0 Contract Nears $30 Billion In the early days, the Ethereum (ETH) protocol was […]

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Coinbase announces that it will offer ETH2 staking rewards for UK users

Coinbase announces that it will offer ETH2 staking rewards for UK users

Coinbase, the crypto exchange operator, said Thursday that it will launch ether staking rewards for its customers in the United Kingdom. A waiting list for the product has gone live today with a full launch expected soon. Customers will be able to stake any amount and can earn rewards on a portion of holdings rather […]

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