Category: Altcoins

Ethereum User Spends $9,500 in Fees Sending Just $120 in an Error to Forget

An Ethereum user mistakenly paid $9,500 in transaction fees to send just $120. The user, identified by their Reddit moniker ‘Proudbitcoiner’, says the transaction “destroyed my life” and is now desperately asking miners to return the money. According to a Nov. 4 post on Reddit, Proudbitcoiner said they accidentally typed in the wrong transaction fee,…

November 7, 2020
Ethereum DeFi prints massive recovery 10-30% after capitulation amongst investors

On Wednesday and Thursday, there was a clear sense of capitulation amongst investors in top Ethereum DeFi tokens. CryptoSlate market data shows that then, top coins pertaining to this space were plunging lower by dozens of percent without any relief. Yearn.finance (YFI) fell over 20 percent in the span of a day while many investors…

November 6, 2020
ETH 2.0 Scheduled for December, Vitalik Deposits $1.4M Worth of Ether Into Phase 0 Contract

This December the cryptocurrency community may see the first introductory phase of the highly anticipated Ethereum 2.0 consensus change. On Wednesday, the Ethereum Foundation published ETH 2.0 specifications explaining how the genesis phase will be invoked. Moreover, on November 5, Ethereum’s cofounder Vitalik Buterin sent 3,200 ETH to the genesis phase deposit contract in order…

November 6, 2020
Ethereum-based game launches token that instantly gained a $10m market cap

While DeFi coins are plunging into the ground, there still seems to be money flowing around in the Ethereum and altcoin markets. A token that launched today managed to garner a $10 million market capitalization almost instantly. To be fair, though, the token that was launched was for one of the most well-known and successful…

November 5, 2020
Hoskinson says building a system as complex as Cardano requires a lot of time

In an interview with the KiBloc Show, Charles Hoskinson, the CEO of IOHK, laid out some of the reasons behind a lack of concrete dates for Cardano’s future launches. Discussing the progress made with Goguen, Hoskinson said that every update and launch is challenging due to the amount of work being done in parallel. Why…

November 3, 2020
Binance could be behind over a dozen stake pools on the Cardano blockchain

Binance, one of the world’s largest cryptocurrency exchanges, might be behind around a dozen stake pools on the Cardano network. The latest information from the Daedalus wallet shows that there are 18 stake pools whose metadata pages indicate that they may have been founded by the exchange. While some members of the Cardano community celebrated…

November 3, 2020
Chainlink sees bump in development activity despite LINK plunging 10%

Bitcoin has finally begun to correct after a 25 percent rally in the span of two weeks. Altcoins are responding in kind, plunging against the U.S. dollar and against Bitcoin. One of the worst-performing digital assets of the past 24 hours is Chainlink (LINK). The leading altcoin, currently the fifth-largest crypto-asset by market capitalization, is…

November 3, 2020
Despite 10% bounce in AAVE and YFI, analysts don’t think the DeFi bottom is in

As the short-term future of decentralized finance (DeFi) coins has become uncertain over recent days, analysts and investors in the space have weighed in on what they think comes next. Many assert that the fundamentals of this space are better than ever. Case in point: the total value locked in DeFi contracts recently hit an…

November 2, 2020
Report: Token Listings Have Short Term Positive Influence on Price, M&A Have Better Impact in the Long Term

A study by Etoro and The Tie find listing and partnership announcements as significant developments (Sigdev) that have an immediate, large, and positive influence on token price. This influence, which peaks within the first 24 hours, usually wears off after a week, according to the study report. The Impact of a New Token Listing Yet,…

November 1, 2020
How Marlowe Playground rounds up all of the work being done on Cardano’s Goguen

Today’s release of Marlowe Playground marks an important milestone for Cardano—the beginning of its Goguen era. Charles Hoskinson, the CEO of IOHK, looked back at why introducing semantic clarity between various users of a blockchain’s infrastructure took so long and the impact it will have on the future—both Cardano’s and the global one. Cardano’s complexity…

October 31, 2020