Category: Ethereum News

YAM finance project is in huge danger as there is a severe bug in the rebase logic. Due to this, governance cannot happen anymore. YAM is an ERC-20 Ethereum token.

On July 21st 2020, Open Ethereum team has decided to discontinue support for Ethereum Classic. This decision has been made in order to allow them to focus their development efforts on Ethereum Mainnet. They will focus our resources on one network to ensure the best quality in development, and they appreciate any fixes for issues on Ethereum Mainnet and related testnets.

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Did you know that Ethereum Classic experienced a 51 percent attack couple of days back? The chain spilt into two and attacker replaced the blockchain history with attacker’s chain. This is a second 51% attack on Ethereum Classic blockchain within one year and due to this, ETC miners lost a large amount of ETC as they were mining on different blockchain.

Julian Hosp, ex-president of TenX, a cryptocurrency card for spending crypto, has apparently got rekt by trading customer funds for his Lapis product.

Saturn Network is a decentralized cryptocurrency exchange that lets you trade Ethereum (ETH) and Ethereum Classic (ETC) tokens directly from your wallet. The coins never leave you wallet so there are no chances of getting your funds stolen. This is one of the few true decentralized exchanges out there.

Many bitcoin debit cards make use of Wirecard to spend fiat moeny and all of them, including MCO and TenX cards have been informed to stop all activity on their card programs in Europe as-well-as UK. Anyone living in these areas will not be able to convert their crypto / bitcoin to fiat and spend it.

Folks at Math Wallet have been invited by Binance Smart Chain to explore BSC’s testnet. Math Wallet team is looking forward to the mainnet launch of BSC which will support more assets with DeFi/Staking ability through the smart contract.

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Brave web browser is gaining quite a lot of traction lately. It claims to be privacy centric and offers a Binance widget that lets you buy cryptocurrency easily. However, a Twitter user, Cryptonator1337 pointed out that whenever he types in binance.us, he automatically gets redirected to binance.us/en?ref=35089877.

OmiseGO team has finally deployed their Ethereum scalability solution to mainnet. This has reduced the transaction fee to 1/3rd. For those who do not know about OmiseGO, it is a second layer scalability solution for Ethereum that is currently struggling to scale in its current state.

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A story has emerged on reddit where a hacker used his bot to scan for mnemonic phrases on Github and due to that, one user on reddit lost about 1200 dollars worth of Ethereum in less than 100 seconds. 

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