Crypto | Bitcoin | Blockchain

2022-10-31 09:46:02 Uniswap v3 Launches TWAP Oracles On Ethereum’s Proof-of-Stake

Uniswap unveiled an innovation to bring scalability and solution to protocols. The new tool dubbed TWAP Oracles is an algorithm that provides information regarding the price of an asset. This is for developers who encounter setbacks when developing smart contracts fused with a Decentralized Finance (DeFi) protocol on Ethereum.

The launch of Uniswap v2 was geared towards empowering mainnet builders to design decentralized on-chain TWAP Oracles, free from internal or external manipulation. Uniswap v3 extended included this with additional gas capabilities within TWAP Oracles. This offered far more perks to the network than PoW did. But, unfortunately, it had unforeseen consequences on TWAP oracles and other layers that depended on PoW blocks.

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2022-10-30 09:30:05 Ripple Claims More Decentralization as XRP Holdings Drop to 50%

San Francisco-based fintech firm Ripple released its third quarter report revealing that its control over its native token is diminishing. The company proudly stated that it is becoming more decentralized contrary to what critics have claimed. It said the ownership of XRP is not an indicator that Ripple controls XRP Ledger (XRPL).

Ripple disclosed that its total net sales of XRP for the period were down to $310 million from the $409 million it sold in the second quarter. It added that these sales have been solely linked to its on-demand liquidity (ODL) transactions which have been increasing. ODL is one of Ripple’s primary products, which facilitates cross-border transfers for financial institutions. The company highlighted its expansion with a Travelex partnership which will enable ODL in Brazil to allow transactions between Brazil and Mexico.

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2022-10-29 06:42:02 Cross-chain swap protocol Thorchain is back online after 20-hour outage

Cross-chain swap protocol Thorchain is back online after a software error halted the network for 20 hours. At 1:45 p.m. UTC on Friday, Thorchain validators collectively resumed the network and started to make new blocks. Still, the network is not fully operational for on-chain trades.

THORChain is back online and producing blocks. The network is signing outbound transactions, so pending swaps should start to go through. Once the queue is cleared, trading will be re-enabled. ETA 2-3 hours," said the Thorchain team. The Thorchain network validators lost consensus yesterday due to a “unique transaction type” software error that disrupted communication between their nodes.

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2022-10-28 07:31:02 Hong Kong plans to legalize retail crypto trading: Bloomberg

Hong Kong's government plans to allow retail investors to trade crypto on locally licensed exchanges as part of a wider effort to position the city as a center for virtual asset service providers, according to Bloomberg. Officials will announce more details Monday at a Hong Kong fintech conference as part of effort to position the city as a center for the virtual assets industry.

A mandatory licensing regime for crypto trading platforms that is due to begin in March will allow retail trading, Bloomberg reported, citing unnamed sources. Details of the new regime are expected to be announced on Monday at an annual fintech conference in the city where senior government and regulatory officials are scheduled to speak. Currently, only two crypto exchanges are licensed to operate in Hong Kong and they are limited to offering a narrow range of services to sophisticated investors only.

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2022-10-27 10:37:39 Crypto | Bitcoin | Blockchain pinned a photo Open / Comment

2022-10-27 06:33:02 Compass Mining inks 27-megawatt hosting deal with Aspen Creek Digital

Compass Mining signed a hosting deal to house around 9,000 of its bitcoin mining machines with data center developer Aspen Creek Digital Corporation. The company will get 27 megawatts of power capacity out of Aspen Creek's 30-megawatts site, located behind the meter, drawing power from a solar farm in Texas.

Compass Mining hosts machines from individual clients in facilities across the US and Canada. The company said that it would start deploying machines, including S19 XPs and S19j Pros, to this site starting in the fourth quarter of 2022. “ACDC’s pairing of cost effective, renewable energy with mining operational excellence is difficult to find in today’s current market," said Compass co-founder and co-CEO Thomas Heller in a statement. Compass saw one of its other hosting partners shut down two sites in Georgia.

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2022-10-26 06:55:02 Bitcoin Skyrockets Toward $20K Leaving $100M in Daily Liquidations

Following days of inactivity, Bitcoin was struck by another wave of upward volatility on Tuesday. After nearly reaching $20,000, the asset left $100 million in liquidations in its wake. The coin touched $19,500 about an hour later, experiencing another hour of flat trading before climbing again to $19,834 by 16:00 UTC. The price is now $19,792, at writing time.

Data from Coinglass shows that $50 million in crypto trades have been liquidated over the past hour alone, with $112 million being squeezed over the past day. The largest single liquidation took place on Binance for a BTC/USDT trade, with a value of $1.01 million. Big price moves have been rare in crypto for the past several weeks, with Bitcoin now showing volatility comparable to the British pound.

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2022-10-24 07:42:02 Pension Fund-Backed Parataxis Digital Yield Fund Targets $500M in Assets in 2023

Multi-strategy crypto investment firm Parataxis Capital expects to triple the assets under management for its $35.6 million digital yield fund by the end of the year, with a further ambitious target of $500 million by the end of 2023, co-founder and CEO Edward Chin told CoinDesk in an interview.

Parataxis, which currently has about $116 million in assets under management, primarily focuses on institutional investors such as banks, family offices and pension endowments. The market-neutral Parataxis Digital Yield Fund made headlines in August when Fairfax County, Virginia’s, $6.8 billion pension fund, the Fairfax County Retirement Systems, said it would invest $35 million in the yield farming fund.

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2022-10-23 05:38:02 MakerDAO on course to custody 1.1 billion USDC with Coinbase for rewards

MakerDAO, the issuer of the stablecoin DAI, appears set to move forward with a proposal to onboard an account to Coinbase prime and transfer roughly 33% of its USDC ($1.1 billion) into custody. The ongoing vote ends Oct. 24, and as of press time, 88.19% of voting MKR tokens are in favor of approval.

a16z deal partner, Porter Smith, announced the venture capital firm’s support for Coinbase Institutional’s Maker Improvement Proposal (MIP) 81 that would provide institutional rewards for USDC with MakerDAO. Founded by Marc Andreessen and Ben Horowitz, a16z cast the majority vote that solidified approval of MIP81. MakerDAO will use the 1.6 billion USDC to participate.

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