function

aelf invites partners to extend ecological network by publicizing node election

According to the official announcement shared by the aelf blockchain team on Nov. 18th, 2021, its node election procedure has begun. Blockchain heavyweights like 8BTC, bountyblok, and RockX have already confirmed their participation in aelf’s election process by press time. Starting from November 18th, two seats for new production nodes will be released weekly for six weeks. In other words, a total of 17 production nodes will be elected by the end of this year. The production nodes underly the function of aelf mainnet. Their potency comes together with responsibilities. To become

White Whale: Enabling the UST peg in a decentralized manner

When looking at the Cryptosphere, there are a number of challenges that are immediately present. The maintenance or consistency of the UST (TerraUSD) peg, is one of these challenges. If a stablecoin cannot hold its peg, the entire ecosystem that is built around it can fail. This is not a hypothetical situation, but one that has happened to other algorithmic stable coins, it resulted in the peg being lost and projects dumping to zero. Another issue smaller investors are facing is the “whales”. Whales have been known to manipulate markets,

This Country is promoting Crypto businesses, but here is the Catch

The government of Laos issued exclusive crypto regulation guidelines this Tuesday, encouraging cryptocurrency mining operations and trading platforms in the nation, but assuring that the government also benefits from the industry. While attempting to pull off a rather commercial move as something charitable, Laos’ Minister of Technology and Communications, Dr. Boviengkham Vongdara backed the new guidelines, noting that the regulations are aimed at protecting legitimate rights and interests of both operators and users. Native and Financially proficient Crypto businesses allowed to operate According to the updated crypto policy, crypto mining

BTBS token, the largest Bitcoin ATMs operator in Spain lists on Bittrex Global

Even if the crypto market has seen significant changes over the years, it still faces several security, safety, and usability challenges in day-to-day operations.   There have been numerous attempts to turn traditional finance into a decentralized form, but this had an insignificant effect due to the countless challenges that arose along the route. But even though there has not been a lot of adoption in this area, BitBase is here to change that by providing their token with a lot of use.  BitBase  Since its inception in 2017, the platform

What is the FATF Guidance on DeFi?

Share some Bitpinas love:By Hans DoringoThe Financial Action Task Force (FATF), an intergovernmental anti-money laundering watchdog, released last October 28, 2021, revisions and updates to its virtual asset guidance for virtual asset service providers (VASPs) which was first issued in 2019.In keeping with the feedback and reviews concerning the uncertainty of how the FATF would apply its VASP standards to decentralized finance (DeFi), the body proceeded on finalizing the guidance during its plenary meeting that lasted until October. The updated version of the guidance includes clarifications on FATF’s proposal to

Another Leading DEX Is Choosing the Order Book Mechanism

As the DeFi segment with the clearest application scenarios and the strongest demand, decentralized exchange (DEX) has always been attracting the most attention.Sponsored Sponsored It also embodies the greatest competitiveness as well as the strongest capital effect. Since its low and stable performance in the middle of last year, DEX’s total trading volume has grown rapidly, and the monthly figure peaked at $162.8 billion in May. Sponsored Sponsored Although it is still lagging behind the centralized exchange (CEX), its market size of hundreds of billions of dollars obviously can not

Chinese Crypto Exchange BitZ Announces Closure as Crackdown Continues

Amidst another major crypto clampdown in China, the 4-year old Chinese exchange BitZ shutters its operations. Sponsored Sponsored The cryptocurrency exchange BitZ announced its closure after four years of operating one of the most popular online exchanges. It stated “policy and regulatory requirements” as the reasons behind its latest development.  While the actual closure date is set for October 21, 2021, the exchange said it suspended new user registration and KYC earlier. Those operations stopped on Mainland China back on September 26, 2021. However, only a few days prior the exchange

DAO infrastructure platform Layer3 raises $2.5 million in seed funding 

Crypto startup Layer3, which provides tools for decentralized autonomous organizations (DAOs), has raised $2.5 million in a seed funding round.ParaFi Capital led the round, with Electric Capital, Lattice Capital, 6th Man Ventures, Red Beard Ventures, and Mirana Ventures also participating.  Angel investors, including Balaji Srinivasan, Kain Warick of Synthetix, and Jai Bhavnani of Rari Capital, also backed the round. With fresh capital at hand, Layer3 plans to expand its current team of two co-founders — Brandon Kumar and Dariya Khojasteh — to around six in the near future, Kumar told The Block. The startup

Bitcoin Price Forecast: BTC Bulls Keep Pushing To $48,000

By John Isige Published 9 hours ago Updated 9 hours ago Bitcoin price rises above $44,000 after bulls defended support at $40,000 all weekend long. Bulls have eyes glued on the supply zone at $48,000, but first, the 200-day and the 50-day barriers must come down. Bitcoin remained stable above $40,000 throughout the weekend. Buyers managed to lift the largest cryptocurrency above $42,000 and closed the gap to $44,000. At writing, the bellwether cryptocurrency is dancing slightly above $44,000 while bulls put a fight to ensure that BTC closes the

What are the chances of these entities attacking the Bitcoin network

A question that lingers in the minds of most traders is, what would happen if Bitcoin were hacked? During an episode of the Unchained podcast, host Laura Shin brought together Ethereum Foundation researcher Justin Drake and author Vijay Boyapati to debate whether a 51% attack on Bitcoin would be possible – and who could do it. A 51% attack. . .in dollars Boyapati began by proposing the idea that security was a spectrum and not a binary. For example, users and even networks might require a different number of transaction