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Surging Interest in ‘Yam’ Yield Farming — But Is It Too risky?

Source Node: https://cointelegraph.com/news/surging-interest-in-yam-yield-farming-but-is-it-too-risky
Time Stamp: August 11, 2020 11:38 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch.The experimental Yam Protocol is the talk of Crypto Twitter right now — with many excited about the big potential returns, while others worry about the risks. The recently launched project offers an elastic supply token, similar to Ampleforth, that can expand and contract depending on market conditions, with the aim of seeking eventual price stability and a peg

Building on Taproot: Payment Pools Could Be Bitcoin’s Next Layer Two Protocol

Source Node: https://bitcoinmagazine.com/articles/building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol?utm_source=rss&utm_medium=rss&utm_campaign=building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol
Time Stamp: August 11, 2020 12:10 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This article is about a technological concept based on the proposed Taproot protocol upgrade. If you’re not yet familiar with the basics of how Taproot works, it’s recommended that you first read this explainer.Taproot, a potential upgrade to the Bitcoin protocol first proposed by Bitcoin Core contributor Gregory Maxwell, is in its late stages of development. The technology consists of a clever combination of crypto-tricks that would let users hide complex smart contracts inside regular-looking transactions — the complexity is only ever revealed if parties to a contract are uncooperative.Leveraging

DeFi Tokens BAND, LINK, Outpace Bitcoin Price by Gaining 100% in 10 Days

Source Node: https://cointelegraph.com/news/defi-tokens-band-link-outpace-bitcoin-price-by-gaining-100-in-10-days
Time Stamp: August 10, 2020 5:35 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This week Bitcoin (BTC) price is making waves as the digital asset finally pushed above the $12K mark, but prior to this move, altcoins have been strongly outpeforming BTC for weeks. Two of the most notable performers are Band Protocol (BAND) and Chainlink (LINK) as both surged by 348% and 88% in the past ten days. Each functions as an oracle blockchain network that supplies data to Decentralized Finance (DeFi) applications.Since the start of August, BAND price rose from $3.9 to as high as $17.78 and in the same period, LINK

Top Free Bitcoin Casinos in 2020

Source Node: https://bitcoinchaser.com/top-free-bitcoin-casinos/
Time Stamp: August 10, 2020 7:07 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

We’re looking for free bitcoin casinos that not only deliver on the goods (free Bitcoin), but also offer us an entertaining and fun way of getting there. We’ll be breaking it down and looking at the top free Bitcoin faucet casinos, top casinos offering free spins and top casinos offering no deposit bonuses. Get ready crypto enthusiasts, we’re opening up a whole new can of worms! Here are the top free Bitcoin casinos.What is Free Bitcoin?Free Bitcoin is essentially the same thing as Bitcoin (the OG digital currency) but only

Q&A: How Blockchain Could Transform the Art Industry

Source Node: https://cointelegraph.com/news/qa-how-blockchain-could-transform-the-art-industry
Time Stamp: August 10, 2020 6:11 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The art world has had a tough time lately. The coronavirus pandemic has forced many galleries and museums to close, with sales of premium pieces also affected.But there could be a solution that helps the industry get back on its feet and achieve much-needed digitization: blockchain. Here, we talk to Niko Kipouros, founder and CEO of 4ARTechnologies, about how this technology could transform the way we purchase and own artwork — and even ensure that the provenance and authenticity of masterpieces are never doubted.1. What are the biggest challenges facing

Ethereum Classic Under Multiple 51% Attacks | Bitcoin News Summary Aug 10, 2020

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-10-2020/
Time Stamp: August 10, 2020 1:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

 Ethereum Classic has suffered its second 51% attack in less than a week, bringing the ongoing security of the network into question. During the attack, the offending miner managed to double-spend $5.6 million worth of ETC after spending only $200,000 to acquire the hash power for the attack. The ETC team was advising its clients to halt interactions with the network while corrective steps were taken. The US branch of global cryptocurrency exchange, Binance has halted all trading and orders following an incident. CEO Catherine Coley tweeted, “Your funds

Japanese Messaging Giant LINE’s LN Token Trading on BitMax

Source Node: https://cointelegraph.com/news/japanese-messaging-giant-lines-ln-token-trading-on-bitmax
Time Stamp: August 9, 2020 10:52 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Crypto exchange BitMax just made Japanese messaging app LINE’s token available for trading.According to an Aug. 6 notice from LINE, the biggest messaging app in Japan with 84 million active monthly users will be making its native LINK (LN) token available for trading through crypto exchange BitMax. This makes LN the sixth crypto asset currently supported by the exchange, including Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC).The LN token was originally issued in 2018 for users as part of a rewards program through the messaging app.