Avalanche Developers Rush Client Patch as ‘Bug’ Slows Blockchain Transactions

The Avalanche network has come to a near halt after “a bug in the cross-chain functionality” code that enables the Avalanche protocol and the Ethereum Virtual Machine (EVM) to speak with each other failed under high loads, according to the Avalanche developer team on Reddit. The release of Avalanche‘s newest decentralized finance (DeFi) product, money […]

DeFi’s Curve Finance Is Branching Out to Polkadot

Curve Finance is making its way to another blockchain – Polkadot. The decentralized finance (DeFi) money market is building a cross-chain implementation to run on the Polkadot parachain Equilibrium. Once implemented, the automated market maker (AMM) will exist on both Ethereum and Polkadot. Curve Finance is one of the largest automated market makers (AMM) on […]

Ethereum Miners Earned Record $830M in January

Ethereum miners earned a record $830 million in January as network activity, fees and ether’s price all surged.  Monthly revenue has not reached this level since the previous record from January 2018 near ether’s previous all-time high, according to data estimates by CoinDesk.  Revenue estimates assume Ethereum miners sell their ether immediately.  On-chain data reviewed […]

Collateralized Debt Obligations Make Their Way Into DeFi Lending

Opium Finance has released collateralized debt obligation products (CDOs) for Compound Finance’s automated lending markets, Opium Protocol founder Andrey Belyakov told CoinDesk in a phone interview Friday. Investors can put up the Compound debt token cDai – and soon Uniswap LP tokens – to diversify exposure to DeFi lending markets. Opium’s product pays out structured […]

Minority Mining Pools Threaten to Collude Against Contentious Ethereum Update

Ethereum miners have formed a cartel of sorts to thwart the implementation of a now contentious proposal – one they say cuts into their bottom line unfairly. Eight Ethereum mining pools amounting to around 30% of the network’s hash power have cast their support behind tiny mining pool Flexpool’s stance against Ethereum Improvement Proposal (EIP) […]