May 12, 2022

Bancor Version 3 Launched on Mainnet

Prominent decentralized finance protocol, Bancor has announced the launch of its v3, dubbed Bancor 3. The release on the mainnet comes six months after the project first shared the details of features. Bancor 3 Goes Live According to the official blog post, Bancor’s latest version is focused on encouraging broad and sustainable involvement in on-chain...
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Luna Brothers, Inc.

(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) There is shockingly little that we as humans can actually control about our existence in this universe. Even so,...
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A complete history of Bitcoin’s consensus forks – 2022 Update

Date Activation Block Number BIP Number or Software Version Description Type Outcome 28 July 2010 n/a1 0.3.5 OP_RETURN disabled, fixing a critical bug which enabled anyone to spend any Bitcoin. Softfork No evidence of any issues during this upgrade. 31 July 2010 n/a1 0.3.6 OP_VER and OP_VERIF disabled.3 Softfork Some users had trouble upgrading and it...
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TFL Proposes Emergency Response to Counter Recent Collapse of Terra Ecosystem

Terra and its ecosystem have had a pretty rough ride the past few days. With UST losing its peg and LUNA in freefall, Terra is under pressure to quickly resolve the “bad debt” and restore community trust in itself. TFL’s Proposed Solutions for Terra According to a series of tweets shared by Terra’s official page,...
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Brazilian Digital Banking Giant Partners With Paxos to Offer Crypto Services

São Paulo-based Nubank, Latin America’s largest digital bank, has signed a partnership deal with blockchain infrastructure platform Paxos to support cryptocurrency trading services within its banking app. Nubank Supports Direct Bitcoin and Ether Trading In a press release on Wednesday (May 11, 2022), Nubank said its customers will be able to buy, sell, and hold...
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Raoul Pal Gives His Macro Analysis of the Crypto Bear Market

Raoul Pal – CEO of Global Macro Investor – is predicting a “nasty recession” and “liquidation writ large” within the next few weeks, as the Federal Reserve continues tightening monetary policy. He believes the current panic within the crypto markets is similar to that seen during the bear market of June 2021, and the flash...
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Why Regulators Should Pay Attention To $UST

A dollar pegged stablecoin, TerraUSD has lost its peg twice over the past few days and has not recovered yet. The algorithmic stablecoin broke its peg this Monday again, hence it is necessary for regulators to have a look at this particular model of stablecoin. The collapse of TerraUSD has come up with several risks...
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Terra Blockchain Officially Halted to Prevent Governance Attack

Terra validators have reportedly decided to freeze Terra’s blockchain due to LUNA’s collapsing market price. The team argues that at such low costs, a whale buyer could easily commit a governance attack on the network. The chain was officially frozen at block 7,603,700, making native transactions on Terra’s blockchain impossible. Terra (LUNA), which has seen...
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Coinbase Pay, the easiest way to purchase or transfer crypto, is now available for web3 developers

Tl;dr: Coinbase enables web3 developers to integrate Coinbase Pay into their dapps, and MetaMask will be the first external wallet integration. By Prakash Hariramani, Senior Director, Product Management, and Bipul Sinha, Senior Product Manager We launched Coinbase Pay to make it easier to fund your Coinbase Wallet, and now we’re expanding this ease to the...
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Cardano’s Charles Hoskinson Predicts How Long This Crypto Winter Will Last

Bitcoin plunged to a 16-month low, while the altcoins suffered even more in the past week or so. Despite bouncing off and reclaiming some ground, the situation is still dire, and Cardano’s Charles Hoskinson provided his outtake on it. Charles Hoskinson’s Views Cardano Founder Charles Hoskinson noted that the market is deep in a new...
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Is Bitcoin Price in Recovery? BTC Trading at $28,645 After Bottoming Out

There’s no doubt that the current market situation is terrifying. Altcoins saw significant sell-offs this week, and Bitcoin hit a new low last night of $26.6k. The stock market continues its bearish momentum today as investors worry about inflation. With the recent rebound from its low, is the Bitcoin price in recovery? Is it a...
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Why Open Source Matters – Guix

This chapter originally appeared in the book “Bitcoin: A Work In Progress” by Sjors Provoost. Learn more at https://btcwip.com/. This chapter discusses open source software in the context of why it matters that Bitcoin software is open source. But it also delves into the reason why even open source software doesn’t necessarily solve all software-specific...
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Symbiosis Integrates 1inch to Enable Best Price Discovery for Cross-Chain Swaps

[PRESS RELEASE – Please Read Disclaimer] The multi-chain liquidity protocol Symbiosis has integrated the 1inch DEX aggregator to facilitate arbitrary asset swaps between EVM-compatible networks. The Symbiosis protocol manages stablecoin liquidity pools and routes the transaction through existing DEXes, so the partnership is essential to enable the best prices for the end-users as the 1inch...
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Is LUNA Dead? Terra Luna Price Drops Below 4 Cents, UST still De-pegged at $0.67

After dropping nearly 99% in the past week from a high of $85 to a low of $1 yesterday, LUNA is the gift that keeps on giving, dropping well below 10 cents today, currently trading at $0.035. Those traders that attempted to buy the dip when LUNA dipped below $1 if they haven’t sold off...
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MicroStrategy’s Massive BTC Position Currently in the Red

Prompted by the ongoing crash of the cryptocurrency market, Michael Saylor’s company – MicroStrategy – is now in a state of unrealized loss regarding its bitcoin holdings. The organization is the largest corporate holder of the primary digital asset, owning nearly 130,000 BTC. Despite the grim condition of the industry, Michael Saylor remains bullish, predicting...
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Delisting the LUNAUSD and LUNAUSDT Perpetual Swap Contract

On 12 May 2022 at 20:00 UTC, BitMEX will delist the LUNAUSD and LUNAUSDT Perpetual Swap contracts. The contracts will be settled early at 20:00 UTC on 12 May 2022 (“Tsettle”) according to the standard practice described in our Exchange Guide. The decision to delist the contracts has been taken based on the lack of...
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Is Terra(LUNA) Dead? Can Investors Expect Any Ray of Hope?

The Crypto crash continues for the 4th consecutive day which is constantly extracting a billion of the market cap each day. While there is an extreme fear among the traders, as they keep extracting all their investments, spiking the trading volume by more than 41.85%. Terra, being the spotlight of the crash recorded more than...
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