News

“Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol” has made it to the topmost cited security papers list. According to the latest ranking from Google Scholar, the paper, outlining the proof-of-stake mechanism that underlies Cardano, is the second most cited paper in the cryptocurrencies and blockchain category with 183 citations. Ouroboros among the most cited academic […]

Yearn.finance (YFI) has faced an extreme decline in recent weeks as the once-leading DeFi project has faced a series of shortcomings. As CryptoSlate reported previously, FTX and Alameda Research CEO Sam Bankman-Fried said that the asset’s decline can be pinned to three factors: The rest of the DeFi market has undergone a strong correction, resulting in […]

The COVER token, originally called SAFE, relaunched after an initial dispute among within founding team. The relaunch of the token garnered attention after it announced Yearn.finance (YFI) creator Andre Cronje as an advisor. Yet, the Ethereum decentralized finance (DeFi) token has seen criticism from the community after it fell 62% due to controversies. In September, […]

Decentralized finance (DeFi) has seen parabolic growth since the start of 2020, with the total value locked in these contracts, largely based on Ethereum, rising from $1 billion to $12 billion now. Crucial to this growth has been decentralized exchanges (dexs). In 2017 and 2018, many thought that these applications were clunky, as transaction fees […]

The crypto industry was struck with another unexpected development last night that sent shockwaves throughout the market and caused Bitcoin’s price to reel lower. Bitcoin’s sell-side pressure began growing earlier today after news broke of the OKEx not being able to process withdraws due to the founder being arrested by Chinese authorities. He is the […]

Legendary venture capitalist investor Naval Ravikant recently took to The Tim Ferris Show, an extremely popular podcast about business and self-betterment. The angel investor, who has funded companies such as Twitter and Uber, proceeded to spend lots of time to discuss Bitcoin and cryptocurrencies. "You have to be willing to start from scratch. You have […]

Ethereum users have faced extreme transaction fees over recent weeks and months. At one point, there were users paying $10-20 just to send ETH and ERC-20 tokens from address to address as the cost of gas spiked to 1,000 Gwei and beyond temporarily. Many have seen high Ethereum transaction fees as something decisively bad for the […]

The Isle of Man Financial Services Authority (IOMFSA) has published guidance setting out its position regarding the applicability of financial regulatory requirements to cryptocurrencies and tokens issued using blockchain technology, as per a release shared with CryptoSlate. The guidance has been developed in partnership with Digital Isle of Man, an Executive Agency of the Department […]

Tether (USDT), the world’s largest stablecoin by market cap, could reach a valuation higher than Ethereum in 2021, the latest issue of Bloomberg’s Crypto Market Outlook suggested in a report earlier this month. The trend is buoyed by the institutional shift towards and the demand for stablecoins in the cryptocurrency sector. In addition, governments around […]

Cryptocurrency exchange OKEx has suspended withdrawals from its platform indefinitely, as one of its multisig key holders has been held in police custody. The news about hundreds of millions of dollars worth of cryptocurrencies being trapped on the exchange shaved off around 3 percent off of Bitcoin’s price but sent UNI, Uniswap’s native token, up […]