ETH 2.0, the next iteration of Ethereum, has undergone a preliminary audit of the protocol’s specifications. The auditor Least Authority concluded that the specs are well-designed, but recommended some minor changes.
The Dow Jones Industrial Index (DJIA) ended Tuesday on a bright note with an 11.37% gain. US stocks saw an uptick in sentiment as the government and Treasury neared confirmation for a $1.6 to $2 trillion fiscal stimulus plan. With the Fed also promising $4 trillion in liquidity, is there a bullish case for Bitcoin?
Headed by Cornell professor Emin Gün Sirer, AVA Labs is building a next-generation blockchain that is working to become the so-called “AWS of Finance.” And even in a crypto community deeply opposed to Amazon, the highly scalable technology may come out on top. And it might bring Ethereum with it.
Tezos and Chainlink are back in the green after surging over 18% in the last 24 hours. Now, both of these cryptocurrencies are testing key resistance levels that could be the catalyst for a further advance.
Tezos Prepares for Significant Price MovementAfter peaking at a high of $4 in mid-February, Tezos experienced a major sell-off that pushed its price all the way down to $1. From a technical perspective, the bearish impulse appears to have been triggered by a rejection off the upper boundary of a parallel channel where it has been contained since 2018.
Synthetix’s Hadar upgrade will bring a slew of traditional assets to the platform, such as Brent crude oil, FTSE 100, and the S&P Global 1200. The protocol is entering uncharted territory as the first DeFi system to bridge crypto-assets and the legacy markets.
Permissionless DerivativesSynthetix may have lost steam during this month’s market dip, but their plans for protocol growth go onward with the much-awaited Hadar release going live next week.
While American markets struggle, CoinDCX, an Indian cryptocurrency exchange, has raised $3 million in a Series A funding round via several top US investors. The round was led by Polychain, Bain Capital Ventures, and HDR Group, the operator behind BitMEX exchange.
US Investors Invest in Indian Crypto ExchangeThe latest market downturn has put a heavy toll on the crypto industry, with most cryptocurrencies experiencing significant losses in the past month.
Gitcoin, a community funding platform in Ethereum, is launching its 5th fund matching round with the help of Vitalik Buterin and others. ETH 2.0 and COVID-19 research projects are leading the charge.
Public Good Funding on EthereumGitcoin has been helping to bridge the gap between capital and developers. Now, it’s widening this bridge to include health crises.
dYdX, a DeFi-native margin trading protocol, witnessed record growth as crypto markets crashed earlier this month. The platform’s business model, particularly free flash loans, gives it an edge in all market conditions, but not without its limitations.
Leveraged Trading on DeFidYdX has a wide moat as one of DeFi’s few margin trading protocols with leverage.
Uniswap has announced plans to release version 2 (V2) of the trading protocol in Q2, with a raft of new features promised.
V2 to Offer Major EnhancementsUniswap’s announced V2 protocol upgrades will include the ability for traders to pool any two ERC-20 tokens together, without requiring exposure to Ether.
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