Crypto lender BlockFi has announced adjustments to its interest rates on account balances for bitcoin (BTC) and ether (ETH). The startup, through its monthly update published Tuesday, May 21, has informed customers that accounts whose bitcoin (BTC) balances are more than 25 BTC will benefit from 0.15% increase in interest rate. On the other hand, […]

Source link: BlockFi Announces Rate Increases On Bitcoin Accounts, Slashes Rates On Ethereum

ConsenSys has announced plans for a major reconstruction exercise at the company, including reworking its operations as a long-serving executive Kavita Gupta leaves her role. The New York-based blockchain startup is looking at a way to maximize its presence within the market and could do with a $200 million investment shot announced earlier. ConsenSys announced […]

Source link: ConsenSys’ Exec Gupta Exits Role As Firm Announces Major Restructuring Operation

Microsoft and a few other companies are sponsoring a contest aimed at bringing new projects to the Ethereum ecosystem. The software giant seeks to accomplish this via contests run on decentralized platform Gitcoin, paying thousands of dollars to the top talent. The project brings together well over a dozen firms that have joined Microsoft to […]

Source link: Microsoft Paying Developers Bounties To Build On Ethereum

Societe Generale Group, a leading French lender, has reportedly issued a $112 million bond via a security token offered on the Ethereum blockchain. The financial provider announced the development on Tuesday, April 23, noting that its subsidiary Societe Generale SFH issued the security token bond labeled OFH. The company’s OFH (obligations de financement de l’habitat) […]

Source link: France’s Societe Generale Issues First ‘Covered Bond’ Worth $112 Million Using The Ethereum Blockchain

Ethereum is set to implement its proof-of-stake (PoS) consensus algorithm and as part of the process, co-founder Vitalik Buterin has proposed that the community adopts higher staking rewards. Buterin made his proposal regarding the dapp and smart contract platform on GitHub on Friday, April 20. According to him, the blockchain should have 2,097,152 ether issued […]

Source link: Ethereum’s Vitalik Buterin Proposes Higher Staking Rewards For Upcoming PoS Implementation

Tron’s dominance within the dApps space has seen its volume of daily activity rise sharply over the last year. In 2019, the network has registered over 432,000 users, leading other dApp platforms by hitting a record $1.6 billion worth of activity in Q1 alone. A new report now shows that most of these volumes are […]

Source link: Tron (TRX) Dapps’ Q1 Volume Reached $1.6 Billion Thanks To Gambling

Ethereum (ETH) is the second largest cryptocurrency by market capitalization and recently upgraded its network via the Constantinople hard fork. The successful upgrades reportedly saw the network block count more than double following the activation of the “difficulty bomb” update. Now, another report is out, ostensibly showing that Ethereum the number of core developers working […]

Source link: Ethereum Core Devs Outnumber Those Working On Bitcoin Per Month Claims New Report

Fidelity Digital Assets Services (FDAS), a crypto trading and custody division of investment giant Fidelity Investments, will likely delay support for Ethereum (ETH) for a while, a senior executive of the platform has said. Fidelity’s digital asset subsidiary launched this quarter, with its initial plans being to support bitcoin and then ether. However, according to […]

Source link: Fidelity Digital Assets May Delay Adding Ethereum Support Due To Hard Fork Concerns

A weekly developer call of the MakerDAO, the open-source developer group of decentralized, ETH-backed stablecoin DAI, came to the understanding that the coin’s dollar peg was reaching its “breaking point” due to a lack of organic demand. Concerns at the meeting mostly revolved around the DAI’s ability to hold its peg at a time when […]

Source link: MakerDAO Token Holders’ Vote Could Increase Fee For Ethereum-based Stablecoin