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Blockchain Life 2020

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This Smart Contract-Based Ethereum Wallet Has Crossed $1 Billion in Holdings

August 25, 2020 by Shaurya Malwa at Ethereum

A smart contract-based Ethereum wallet now boasts more than $1 billion in held assets, reported crypto publication Decrypt on August 24. $1 billion in Holdings Gnosis Safe, an Ethereum wallet that leverages the power of smart contacts to hold crypto assets, now holds more than $1 billion in total assets...

Altseason Narrative Strengthens as Altcoin Market Cap Breaches Multi-Year Resistance Level

August 11, 2020 by Anthonia Isichei at Altcoins

The total altcoin market capitalization has crossed $140 billion, possibly signaling the beginning of a new altseason. Altcoin Market Cap Breaks Resistance According to a tweet by cryptocurrency analyst Rekt Capital on Tuesday (August 11, 2020), the altcoin market has crossed a major resistance level, going above $140 billion for...

EMURGO and Moonstake Partner to Drive Cardano (ADA) Staking Activities in Asia

August 11, 2020 by Dalmas Ngetich at Altcoins

EMURGO, a founding member of the Cardano protocol, is partnering with Moonstake to build synergies that will help drive blockchain staking activities, broaden awareness of Cardano, and accelerate industry adoption of staking within the Cardano ecosystem as per a press release on Aug 11. Moonstake and Emurgo Partnership Moonstake is a...

Cardano: The Shelley Mainnet Is Live, Daedalus Wallet Upgraded

July 30, 2020 by Dalmas Ngetich at Altcoins

An excited Charles Hoskinson has officially confirmed the beginning of the Shelley era. This comes after five years of hard work following the launch of Byron. Shelley marks Cardano’s decentralization. Its launch was a fully managed and meticulously executed hard fork with thorough checks for a smooth, hitch-free transition. And it happened...

The Entire DeFi Sector Is Worth Less Than “Top” Cryptocurrencies, but for How Long?

July 29, 2020 by Dalmas Ngetich at Altcoins

DeFi is "forcing" everyone back to farming. With above-average yields, Ryan Watkins, a researcher at Messari, opines that regardless of the recent re-rating and DeFi's total valuation more than tripling in three years, the sub-sector is at nascence. DeFi is at Nascence Despite its Popularity In a tweet shared on...

Congressmen Demand IRS Design Legal Framework for Cryptocurrencies

U.S. IRS Official Admits Some Crypto Tax Laws are “Not Ideal”

July 14, 2020 by Shaurya Malwa at Regulation

A reporter’s experience dealing with authorities gave some insight into how they view the asset class - with the main takeaway being some officials believe that crypto tax laws are “not ideal.” Crypto Taxes a Moot Point Tax reporting on cryptocurrency holdings continues to be a mixed bag for those...

Ontology Network Slashes Minimum Stake Requirement to 1 ONT Ahead of Protocol Upgrade

July 7, 2020 by Dalmas Ngetich at Altcoins

The Ontology Network will on July 7, 2020 upgrade and drastically improve its governance and staking economic model. The Ontology Network is an enterprise-grade, high-performance blockchain considered by users as a “private room” within a public blockchain. It is keen on drawing businesses to adopt distributed ledger technology (DLT) and has...

Cardano (ADA) Inks Partnership with Coinbase Custody for Secure Staking

July 3, 2020 by Osato Avan-Nomayo at Altcoins

Cardano (ADA) token holders will soon be able to enjoy token staking capabilities following a partnership between project developer IOHK and Coinbase Custody. Secure ADA Staking on Coinbase Custody Tweeting on Friday (July 3, 2020), IOHK announced the news of the partnership with Coinbase Custody. As part of the agreement,...

Ethereum 2.0 Public Testnet “Altona” Is Now Live, and Activity Is Booming

June 30, 2020 by Shaurya Malwa at Ethereum

Ethereum’s much-awaited Altona testnet is now live, a release confirmed June 30. Four validators are already running nodes on the platform, which shall soon be available to the wider community. Altona Goes Live The development is the first-ever multi-client ahead of the public ETH 2.0 launch. The testnet, officially the...

Matic Network Rolls out Staking Solutions, 120 Percent Returns Touted

June 29, 2020 by Shaurya Malwa at Altcoins

Matic Network announced over the weekend the launch of the first tranch of its ambitious staking solution program. Highlights include huge annual returns and onboarding enterprises as external validators. 120 Percent Returns Blockchain firm Matic network will launch its staking program in various stages, the company told in a release....

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