Twitter Founder and CEO Jack Dorsey is running his own Bitcoin node. Earlier today, he tweeted a picture of the Bitcoin node software Bitcoind along with the words “Running #bitcoin”. Running #bitcoin pic.twitter.com/W51ga3yrKb — jack (@jack) February 5, 2021 Essentially, Dorsey will be contributing to the network as he partakes in validating Bitcoin transactions. According toContinue reading “Twitter CEO Jack Dorsey runs full Bitcoin node”

India could see a central bank digital currency very soon, as reports confirmed that an internal committee is taking a close look at a digital version of the Indian Rupee. The Reserve Bank of India (RBI) is currently evaluating the introduction of a central bank digital currency (CBDC), as the Deputy Governor of the RBI,Continue reading “Reserve Bank of India to announce decision on CBDC “very soon””

DeFi protocol Yearn Finance suffered an exploit earlier today, leading to an $11 million loss in one of its DAI vaults. Following the news of the exploit, YFI fell sharply from $34,700 to $30,200. According to reports from one of Yearn’s developers, the attacker got away with $2.8 million. Yearn disabled deposits into strategies forContinue reading “Yearn Finance exploit leads to $11 million loss in DAI vault”

The sixth-largest cryptocurrency by market cap, ADA, reached a three year high of $0.5, which is a level last seen in 2018. ADA surged over 177% year to date (YTD) and is up by over 2000% since last March. Trading volumes for Cardano have been steadily on the rise as new investors have joined theContinue reading “Cardano registers 3-year high, breaches $0.5 price level”

With Ethereum trading at a new all-time high, and PayPal enabling crypto payments for its 26 million merchants worldwide, this year has already been marked by significant events to signal crypto adoption. Bobby Ong, Co-founder of crypto data aggregator CoinGecko, recently shared his predictions for 2021. According to him, this will be the year thatContinue reading “Are Institutions yet to announce Bitcoin purchases because they are still buying?”

The past 24 hours saw several top cryptos reach new all-time highs, recording double-digit gains over the same period of time. Even more impressive was the year to date (YTD) returns of a few DeFi coins, that recorded over 300% growth since the beginning of 2021. The highest return was observed by SUSHI, that recordedContinue reading “Why these DeFi tokens recorded gains over 300% YTD”

With over $32 billion of total value now locked into DeFi protocols, it is a well-established fact that 2020 has been the year of DeFi and this trajectory is only expected to continue into 2021. Maker accounts for 18% of this TVL and still remains the most actively developed DeFi protocol. However, those numbers areContinue reading “Maker and Compound loses ground to new DeFi protocols”

Crypto-exchanges faced technical issues once again today, as system traffic reached all-time highs. CZ, CEO of Binance, took to Twitter to address connectivity issues on the platform, stating that all funds are SAFU. Binance also faced up to two-minute delays for account/trade data when queried from the API. While the system issues were cleared shortlyContinue reading “Binance and Kraken face technical issues as system traffic reaches new highs”

The much-anticipated Mary hard fork will take place today on the Cardano testnet at 20:20:16 UTC, according to an announcement made by IOHK a few hours ago. Via the said announcement, IOHK also confirmed that the Goguen native token upgrade will take place at the next testnet epoch rollover, transforming Cardano into a multi-asset network.Continue reading “Cardano: Hoskinson addresses Grayscale filing as IOHK announces Mary hard fork”

DeFi’s market cap hit an all-time high in excess of $40 billion earlier today, with TVL in DeFi protocols touching $30 billion. Despite the $40 billion dollar market cap, however, many argue that it is still relatively early days for the DeFi space. The same was recently highlighted by the DeFi Alliance’s Qiao Wang. ThisContinue reading “‘Still early’ DeFi sector’s market cap hits $40 billion”

Ethereum [ETH], the second-largest cryptocurrency by market cap, hit a new all-time high earlier today, with the crypto valued at $1,571, at the time of writing. That wasn’t the only notable development in the crypto’s ecosystem, however, since amidst the rising demand for the digital asset, Grayscale revealed that it had added $38 million worthContinue reading “Grayscale buys ETH worth $38M after altcoin touches new ATH”

Chainlink has been the center of attention lately, with the protocol in the news following a host of recent integrations and collaborations. It is in the news again after an official announcement revealed that Chainlink has officially joined UNESCO’s Global Education Coalition. According to the said announcement, the aim of this partnership is to “increaseContinue reading “Chainlink joins UNESCO Global Education Coalition”