Cryptocurrency News Ethereum

DAI Stablecoin Locked In DeFi Lending Protocol Aave Almost Doubles Overnight To 4 Million

The number of DAI locked up in the Ethereum based Aave lending protocol almost doubled, leading into June 8. Aave is a prominent protocol in Ethereum’s decentralized finance (DeFi) ecosystem. Users can lend cryptocurrency at stable or variable rates, earning daily payouts to the wallet of their choice. They can take advantage of uncollateralized, trustless Read more…

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Cryptocurrency News Ethereum

We Are Near a “Plateau” for Ethereum DeFi Due to Latency Issues: Top Investor

Decentralized finance has rapidly become Ethereum’s “killer use case,” many analysts have recently said. DeFi, as the sub-sector is now known as, contains nearly $1 billion worth of locked value, along with some of the industry’s most prominent investors and innovators. One Coinbase product manager, Jacob Horne, said on DeFi late last year: “DeFi, or Read more…

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Altcoin Bitcoin Cryptocurrency News Ethereum

Bitcoin exchange balances shrink to yearly-low; Ethereum exhibits an opposing trend

Bitcoin halving hype has faded and the coin hasn’t had any violent price swings since the event. Over the past few weeks leading up to the halving, BTC accumulation rose to record levels as hodlers in

The post Bitcoin exchange balances shrink to yearly-low; Ethereum exhibits an opposing trend appeared first on AMBCrypto.

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Blockchain Cryptocurrency News Ethereum

Ethereum 2.0 Has Made Some Critical Advances

The deposit smart contract for Ethereum 2.0 has completed formal verification and audit of the bytecode. Continued optimizations to ETH 2.0’s beacon chain are also underway.  Ethereum 2.0 is Getting Closer to Reality Formal Verification (FV) is essential to production software development. FV is a method of analyzing the code semantics to make sure they Read more…