Published inCoinmonks·Oct 3, 2022Member-onlyThe week in crypto: Solana outage, NFT project raises $17 million in minutes, major Cardano update — October 3, 2022Another Solana outage — Solana, the Ethereum competitor, suffered a 6 hour long outage on Friday. A misconfigured node seems to have been the cause of the incident, which forked the blockchain into two incompatible subnets. All validators had to restart the chain at a commonly agreed block. The Solana blockchain has suffered a…Ethereum3 min readEthereum3 min read
Published inCoinmonks·Sep 27, 2022Member-onlyThe week in crypto: Magic Eden integrates Crossmint to brings credit card payment to NFTs, SEC claims Ethereum transactions are US-based — Sept 27, 2022SEC lawsuit makes strong claim about Ethereum The SEC (Securities and Exchange Commission) is suing a YouTuber for failing to disclose his compensation while promoting an ICO in 2018. This sounds normal-ish, if a little late. But the bombshell claim lies in paragraph 69 of the 23 pages filling: At that point, their (= the US=based investors’)…Bitcoin3 min readBitcoin3 min read
Published inCoinmonks·Sep 21, 2022Member-onlyThe week in crypto: the merge a success, markets drop on the news, slight uptick in NFT pricesMarkets plunge on successful Ethereum Merge — The much anticipated Merge, Ethereum’s abandonment of Proof-of-Work and transition to eco-friendly Proof-of-Stake, has been a complete success from a technical standpoint and a real feat of engineering. The transition happened in the early hours of September 15th (EST). Meanwhile, markets have “sold the news” on the Merge, with the…Bitcoin2 min readBitcoin2 min read
Published inCoinmonks·Sep 13, 2022Member-onlyThe week in crypto: getting ready for the Merge, inflation persists, MagicEden vs OpenSea — Sept 13, 2022Ethereum Merge: less than 48 hours away, how to get ready? Ethereum’s Merge (aka moves from Bitcoin-styled Proof-of-Work to environment friendly Proof-of-Stake) is hours away! At the current hash rate, it should happen sometime in the night from Wednesday Sept 14th to Thursday Sept 15th… The super anticipated news will be watched by many Eth enthusiasts as well as critics of…Bitcoin3 min readBitcoin3 min read
Published inCoinmonks·Sep 6, 2022Member-onlyThe week in crypto: Bellatrix update, Bitcoin dominance falling, NFT sales under $10 million dailyEthereum: Bellatrix update is the final step before the Merge — Ethereum is just about a week away from its most significant update: the Merge. This moves from Proof-of-Work consensus (aka Bitcoin style) to Proof-of-Stake (financial stakes replace ASIC mining) will cut Ethereum’s energy consumption by 99.9% while providing more regular block times and easier recovery in case of network attacks…Bitcoin4 min readBitcoin4 min read
Aug 29, 2022Member-onlyThe week in crypto: BendDAO avoids bank run, X2Y2 removes royalty payments, hawkish FED tanks markets (Aug 29, 2022)BendDAO: the bank run that wasn’t (yet) Last week I wrote briefly about concerning news from BendDAO, a protocol that allows users to borrow ETH using their “blue chip” NFTs as collateral (think Bored Ape Yacht Club, CloneX, Azuki, etc…). In other words, BendDAO allows users to monetize their NFT. How does that work? The idea is…Bitcoin4 min readBitcoin4 min read
Aug 22, 2022Member-onlyThe week in crypto: Goerli merge, Tornado Cash sanctions, NFT volume down amidst liquidation risks (Aug 22, 2022)Ethereum: Goerli testnet a success and the Merge has a date (sort of) — Yes, I keep talking about the Merge (Ethereum’s transition to Proof of Stake). Why? …Bitcoin4 min readBitcoin4 min read
Aug 8, 2022Member-onlyThe week in crypto: Solana wallets hacked, Eth Classic revived, Punks gone glam — Aug 8, 2022Wallet hacks: is Solana dead? — On August 2nd, thousands Solana users started to find their wallet empty! It took 24 hours to identify the source of this attack: the Solana focused wallet Slope had been sending its users’ private keys in plain text to one of its servers. Yes, in plain text = not encrypted! …Bitcoin3 min readBitcoin3 min read
Jul 25, 2022Member-onlyThe week in cryptoA tale of two cryptocurrencies — Two weeks ago, a top Ethereum developer announced publicly that the Merge, aka Ethereum’s move to Proof-of-Stake (the eco-friendly alternative to energy intensive Proof-of-Work), could be happening in September. The event, which has been in preparation for at least 5 years, would be a systemic improvement for Ethereum, if successful…Bitcoin3 min readBitcoin3 min read
Published inCoinmonks·Jul 18, 2022Member-onlyThe week in crypto: are we in the eye of the storm? (June 18, 2022)A few days of calm — Surprisingly, after week after week of bad headlines (crashes, liquidations, and other bear market things), crypto is giving us a few days of respite. While it’s true that the liquidations of 3AC, Celsius and other Voyagers are still playing out (and will for months to come), the last few days…Bitcoin2 min readBitcoin2 min read
