Just weeks after a typo in the platform’s code base, Hegic has shutdown again after a trader exploited a hole in the system’s design. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Hegic Options’ revival was short-lived after the protocol succumbed to a design flaw. Andrew…
Electric Capital recently released a report outlining the most prominent features of a true store of value. Alongside the U.S. dollar and gold, Bitcoin is building a strong case. Key Takeaways There are three distinct factors that determine if an asset is a good store of value and Bitcoin has covered significant ground in all…
Extremely small or extremely large block sizes may cause similar centralization problems. Key Takeaways Bitcoin’s ideal block size is still being discussed by critics. Small or large block sizes could cause centralization. There are no expected changes to block sizes in the near future. Share this article Two cryptocurrency critics have weighed in on Bitcoin’s…
Deribit continues to attract retail investors and small funds. But as institutional interest picks up, CME could make up the lost ground. Share this article Deribit’s Bitcoin options surged past 100,000 BTC of open interest. But as CME catches up, recording a 13x increase in open interest during May 2020, is Deribit’s position as the…
BitMEX’s handling of Bitcoin transactions raises transaction fees unnecessarily, according to new research. BitMEX Bitcoin Transactions Causing Fee Spikes According to findings published by 0xB10C, BitMEX broadcasts many megabytes worth of large transactions to the Bitcoin network at around 1 pm UTC every day. The transaction sizes cause an immediate temporary spike in transaction fees….
Despite tumultuous market behavior, large ETH and BTC investors have been steadily adding to their holdings. Key Takeaways Whales have been steadily accumulating BTC and ETH since the price crash in March 2020. As the halving nears, the number of BTC whales holding over 1,000 BTC has grown. ETH whales have shown similar behavior with…
Transaction fees on Bitcoin have increased by close to 250% since the network’s third block reward halving on May 11. If this is the start of a sustained fee market, the positive impact on the network’s security outweighs the negatives for users. Bitcoin Makes up for Lost Earnings Since the halving occurred, the average fee…
A confluence of forces and data paint a very bullish picture for Bitcoin heading into next week’s halving event. What’s more, institutional investors appear to be dominating these sentiments. Key Takeaways Institutional derivatives have seen significant traction, with open interest more than doubling in April. The rise in open interest can be explained by either…
Looking past severe price swings and talking heads, Bitcoin’s on-chain data reveals how much new interest is turning to BTC in 2020. Key Takeaways On-chain data show surging new and active addresses in 2020. Twitter signals show growing interest in Bitcoin. Ethereum is also enjoying growing use among new users. Share this article The third…
Unprecedented monetary policy has placed the dollar’s dominance in question. At the same time, China is pulling ahead with its digital yuan initiative. Key Takeaways China is launching a test phase for its digital currency, and this is not an official launch of the digital yuan. A digital currency could provide countries with a cost-effective…
