Decentralized storage network Filecoin expects to launch on mainnet on October 15, the Filecoin team announced in a blog post published Sunday. The platform, developed by Protocol Labs, is meant to enable users to buy and sell unused storage using the network's cryptocurrency, filecoin (FIL). The mainnet was originally supposed to launch in March of this year but has been delayed multiple times. The launch comes over three years after the platform held an initial coin offering that raised $200 million in just 30 minutes.
More on The Block• 2020-09-28
KuCoin, the cryptocurrency exchange hacked on Friday, has disclosed additional “suspicious addresses” to which a hacker sent around $10.7 million worth of Bitcoin. Tallying up all cryptocurrency addresses shared by the Singapore-based exchange brings the total amount lost in the hack to $203 million. (The true damage may be higher, should KuCoin share additional addresses). But at the same time, cryptocurrency exchanges and blockchain projects have frozen some of the stolen assets to minimize the damage. And they’ve done a pretty comprehensive job.
More on Decrypt• 2020-09-27
For the last days, Crypto Twitter has been abuzz with discussions about the state of Maker’s collateral. Some users have pointed out that 40% of all collateral in Maker is now IOUs – meaning instead of digital commodities like ETH, which are no one’s liabilities – they rely on a central custodian’s compliance. The assets in question, which have become more and more popular, are USDC ($387m), WBTC ($162m), TUSD ($50m), and PAX ($31m). These IOUs issued on Ethereum represent either a dollar in a US-based bank or a bitcoin in BitGo custody.
More on Deribit Insights• 2020-09-26
So-called single sign-on options offer a lot of convenience. But they have downsides that a good old fashioned password manager doesn't.
More on WIRED• 2020-09-21
The Office of the Comptroller of the Currency (OCC) has issued its second letter this afternoon allowing U.S. financial institutions to back digital dollar stablecoins under the leadership of Acting Comptroller Brian Brooks. This letter permits U.S. financial institutions to hold deposits as reserves for stablecoins that represent fiat currency such as the U.S. dollar.
More on Forbes• 2020-09-21
bZx, a decentralized finance lending protocol, has been hacked for the third time this year, resulting in the loss of over $8 million in user deposits. This reportedly represents 30% of the total value locked in the bZx protocol.
More on Decrypt• 2020-09-14
The United States Internal Revenue Service is offering $625,000 for Monero-tracing software, according to a recently published proposal request. In the proposal request, the IRS described the need for “innovative solutions for tracing and attribution of privacy coins,” including Monero and the Bitcoin Lightning Network.
More on Darknetlive• 2020-09-13
INVDoS was discovered in 2018 by Braydon Fuller, a Bitcoin protocol engineer. Fuller found that an attacker could create malformed Bitcoin transactions that, when processed by Bitcoin blockchain nodes, would lead to uncontrolled consumption of the server's memory resources, which would eventually crash impacted systems.
More on ZDNet• 2020-09-12
Finance ministers from major European Union members are calling for the bloc's executive arm to put in place significant curbs on stablecoins and their issuers.
More on The Block• 2020-09-11
Nine Chainlink node operators — which play an essential role in powering decentralized finance (DeFi) protocols by providing token price feeds — suffered an attack on August 30 that drained about 700 ETH (worth about $335,000 at the time) from their "hot" wallets, The Block has learned.
More on The Block• 2020-09-04
oday I dissect margin trading in both centralized and decentralized finance. I note how market participants have sought to use such offerings in the past and present, their comparative advantages and limitations, and how they are likely to evolve in the future.
More on Deribit Insights• 2020-09-04
Bitcoin holders who don’t want to transfer their tokens to the Ethereum blockchain can now get in on the DeFi yield action, albeit in a somewhat complicated way. OpenDEX, a new decentralized exchange protocol released today, allows holders of Bitcoin, Litecoin, and Ethereum-based tokens to provide liquidity for exchanges without transferring the value of their assets off of their native blockchains.
More on Decrypt• 2020-09-03