“Heads down, time to build,” is a popular slogan used by blockchain builders when the market is down. Immunefi, a bug bounty platform that offers rewards for finding security holes in blockchain projects, is making sure that builders are diligent about securing their projects. Alejandro Muñoz-McDonald, a smart contracts engineer at Immunefi, says he sees bug bounties becoming a part…
Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18. Tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26, and Google on Oct. 30. Currently, the possibility of an even more severe global economic slowdown is on the cards and lackluster…
Cryptocurrency exchange Binance has announced it completed the first burn of Terra Classic tokens’ trading fees in response to a community proposal from September. In an Oct. 3 update, Binance CEO Changpeng Zhao said the exchange had burned roughly $1.8 million worth of Terra Classic (LUNC) — formerly Terra (LUNA) — trading fees for LUNC/BUSD and LUNC/USDT spot and margin…
Crypto Policy Crystal Ball: Coinbase, Haun Ventures, and Crypto Council for Innovation at Mainnet 2022 Regulation and policy is going to be the factor that most meaningfully shapes the crypto industry in the next few years. On a panel at Messari Mainnet 2022, Coinbase US policy chief Kara Calvert, Haun Ventures chief policy officer Tomicah Tillemann, and Crypto Council for…
In brief Beeple, a popular NFT artist, tweeted Monday that links pointing to his Discord server have been compromised. He claimed that the links pointed to a malicious copycat server, which could steal users’ assets if they connect a wallet for verification. High-profile NFT artist Mike “Beeple” Winkelmann said today that links that point to his Discord server have been…
Cathie Wood’s investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMA) through a collaboration with the digital asset platform Eaglebrook, the companies announced on October 3. The ARK Cryptocurrency Strategy aims to capitalize on the monetary revolution, said the companies in the statement,…
DAI never says die. Some have called DAI’s over-collateralized design capital-inefficient, but one of MakerDAO’s protocol engineers says that’s why DAI has become the largest, longest-running decentralized stablecoin on the market. “From first principles for the design of the entire system, we’ve gone for resilience and safety,” said Sam MacPherson at Messari’s Mainnet conference in New York last month. Launched…
Public mining companies are entering the final quarter of 2022 battered and bruised after nine months of bear market brutality. At the end of Q3, the total market values of all U.S.-listed mining companies dropped by over $14 billion from the start of the year, according to data compiled from YCharts. Whether the year’s end will offer a respite for…
Following the network difficulty change six days ago on September 27, Bitcoin’s hashrate surpassed the 295 exahash per second (EH/s) range two times during the first two days of October. Presently the network is coasting along at 229 EH/s and block intervals have been faster than the ten-minute average, which means another upward difficulty adjustment is likely in the cards.…
It is becoming increasingly challenging to support a bullish short-term view for cryptocurrencies as the total crypto market capitalization has been below $1.4 trillion for the past 146 days. Furthermore, a descending channel initiated in late July has limited the upside after two strong rejections. Total crypto market cap, USD. Source: TradingView The 1% weekly negative performance in cryptocurrency markets…
