A Fork of Ethereum’s Yearn.Finance (YFI) Has Surged Over 100% In 24 Hours

The Ethereum-based Yearn.finance (YFI) was forked multiple times in July and August as developers looked to replicate the original’s success. For context. YFI surged around 100,000% from its first-known price in around a week, shocking many investors and making fortunes for Ethereum users. One such fork that attempted to replicate the success of YFI was YFII. The coin started off with a bang, immediately trading above $1,000 as investors thought this was the next best thing. The coin garnered the support of many in the crypto space, including Dovey Wan…

Alleged second teen mastermind behind Twitter’s ‘Bitcoin giveaway’ hack

The FBI executed a search warrant against a 16-year-old Massachusetts resident in connection with the massive Twitter breach. According to a New York Times report, on Sept. 1 authorities raided the home of a 16-year-old boy who may have played an “equal, if not more significant role” in the infamous July 15 hack, which resulted in millions of followers of high-profile Twitter accounts being falsely offered a 2-to-1 ‘giveaways’ for any Bitcoin (BTC) sent. The investigation revealed he may have posed as a Twitter employee or contractor to fool legitimate…

Tezos Reaches $25 Million Settlement in Class-Action Lawsuit Over $232M ICO

Key Takeaways Tezos has settled a class-action lawsuit and will compensate investors who sold their XTZ and lost money on the investment Tezos’s token sale did not constitute an unregistered security offering as far as this lawsuit is concerned This has little bearing on whether the SEC considers Tezos a security, though it has not yet taken action against the Tezos Foundation Share this article The Tezos Foundation has concluded a class-action lawsuit that has been in progress since 2017, settling with plaintiffs for $25 million for its ICO which…

Tezos Defends Key Support, But May Struggle to Reestablish Momentum

Tezos, like many mid-cap altcoins, has been witnessing mixed price action throughout the past several days and weeks, struggling to maintain the momentum that it established throughout July and August. The cryptocurrency is now caught within what appears to be an extended consolidation phase, with it forming a relatively wide trading range between $3.20 and $3.50 over the past few days. XTZ visited the lower boundary of this range earlier this morning when its price saw a flash crash to these lows. The rebound here was intense, and it has…

Band Protocol CEO says that a single Chainlink data request costs $450

Band is one of Chianlink’s main competitors in the oracle space that is based on Cosmos technology. In a recent Cointelegraph interview, Soravis Srinawakoon, the CEO of Band Protocol, said: “If you look at Chainlink, one data request right now can take almost $450 because someone needs to submit the request data to ask for the data. Let’s say 20 data providers need to receive that, respond to that with 20 transactions, and then the aggregation contract to do all the computation before returning the final result, all of these…

The company behind Zcash just made its new source code public

The Electric Coin Co., or ECC, the entity responsible for the advancement of privacy coin Zcash (ZEC), unveiled new code for the blockchain and crypto community. The company opened its Halo 2 source code — “an updated, more efficient version of ECC’s recursive proof composition that eliminates the need for a trusted setup in Zcash,” said a Sept. 1 blog post from the ECC. “It may also advance a promising scalability solution for Zcash and other blockchains,” the post added, noting the Halo structure adds speed, among other things.  Initiating a…

Logistics system provider will connect Dutch ports via blockchain

Dutch logistics solutions provider, Portbase, has successfully completed the first phase of their integration with blockchain-based platform, TradeLens. Together, they will handle operations and core processes for ports in Amsterdam and Rotterdam. According to the announcement, both Portbase and TradeLens expect to create a global ecosystem of carriers, ports, and terminals through a digital port infrastructure management system. Going forward, these upgrades will be powered by TradeLens’ blockchain infrastructure. Iwan van der Wolf, managing director of Portbase, explained how Blockchain is being used to more effectively organize the company’s operations:…

These Factors Suggest Chainlink is About to Make a Massive Push Higher

Chainlink has been flashing some mixed signs to investors in recent weeks, with the cryptocurrency rallying as high as $18.00 earlier this week before plunging to lows of $15.00 earlier today. Bulls are now attempting to stabilize it within the upper-$15.00 region, with the chances of it seeing further downside growing as it fails to post a sustained recovery from its overnight dip. Buyers did, at one point, push it as high as $16.50 earlier this morning, but LINK met some resistance here that caused its price to slide back…

PornHub now accepts Bitcoin and Litecoin

Pornhub now accepts Bitcoin (BTC) and Litecoin (LTC) as payment for its premium services. The company has been accepting Verge since 2018, later adding several other cryptocurrencies, but this is its first foray into the major leagues. Pornhub’s vice president Corey Price said in the press release: “As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer two widely-used and leading digital currencies for our users. Our team continues to pave the way for tech development, testing and implementing new technology…

US Federal Reserve now owns over 20,000 different financial assets

Amid a year that has been anything but normal, the United States’ Federal Reserve, or the Fed, has collected an impressive number of financial assets.  “The Fed now owns a total of 22,913 different securities according to Bloomberg,” said the twitter account for the Zero Hedge financial blog on Aug. 30, adding: “It is the world’s biggest investor.” In response to the rise of COVID-19, the U.S. government closed businesses, urging citizens to stay home in an effort to derail the virus’ spread. Those actions, however, caused negative economic consequences…