DeFi
Merge
Ethereum co-founder says “rollups” will power ETH 2.0 to 100k TPS
The transaction per second (TPS) metric is informally considered the standard for the scalability of any blockchain. High TPS means a battle-tested network capable…
DeFi
Compound users now supplying over $1 billion in ETH assets; COMP a top-25 altcoin
Compound’s meteoric rise in the crypto-space is coupled with the rise of DeFi tokens and retail traders chasing the next moonshot. COMP, Compound’s native…
Enterprise
Norway turns to IBM blockchain for sustainable salmon—and activists are probably happy
For Norway’s huge following of climate change and sustainable farming activists, blockchain technology may hold an answer. Last week, the Norwegian Seafood Association (NSA)…
Hacks
University of California pays out millions in Bitcoin after ransom attack
The University of California at San Francisco (UCSF) paid out over $1.14 million in Bitcoin to hackers earlier this week, days after their data…
Mining
Three reasons why China will “lose its grip” on Bitcoin mining as political tensions mount
Weeks after the Bitcoin halving in mid-May, miners are seemingly moving out of China and into Europe — with one prominent mining pool stating…
DeFi
DeFi platform Balancer to reimburse $500k in hack losses; community threatens legal action
It’s been a difficult 48 hours for DeFi project Balancer. Riding on the DeFi yield farming hyper, Balancer saw an influx of pool funds…
Adoption
Chainlink (LINK) oracles to power NFT-based blockchain games on Polyient
Chainlink’s technological capabilities are in-demand this year, with its blockchain seeing increased adoption this year courtesy its scalable smart contracts, oracles, and verifiable randomness…
Adoption
Bank of America is treating Bitcoin, Ether as “cash,” will let you purchase crypto with credit cards
First, they ignore you, then, they fight you, then you win. The adage cannot hold truer when it comes to the cryptocurrency markets. This…
Exchanges
Crypto.com is celebrating its 4th anniversary and giving away Bitcoin at a 50% discount
Crypto.com is offering discounted Bitcoin for a limited number of users of June 30, as part of the firm’s fourth-anniversary celebrations. BTC at 50%…
Adoption
Report: China’s national blockchain project could adopt Ethereum after Chainlink onboarding
China’s surging ahead with its blockchain aspirations even as the world grapples with the basic regulation around distributed systems and digital currencies. Moving into…
DeFi
DeFi risks; Hackers drain $500k in LINK, wrapped ETH, and other alts from Balancer pools
Hackers made away with $500k worth of Wrapped Ether, Chainlink, and Synthetix from Balancer pools early on Monday, after a deflationary token model was…
Price Watch
Whales might be dumping Bitcoin on Grayscale, and a fund manager calls it “very bearish”
Grayscale Trust, the institutional vehicle for accredited investors to get exposure to cryptocurrencies, has been making the rounds in crypto circles recently for seemingly…