ETH 2.0 Audit Highlights Risks to Block Proposers and P2P Protocol

Technology security firm Least Authority has published an audit of the specifications for ETH 2.0 — the long-awaited overhaul of the Ethereum (ETH) protocol. Least Authority audited ETH 2.0’s during January at the request of the Ethereum Foundation. The firm worked alongside the Foundation throughout the process and compiled the final version of the report on March 6. Ethereum Foundation commissions Least Authority to audit ETH 2.0 The security firm reviewed the core ETH 2.0 specs for phase 0, the Beacon Chain specs, and Beacon Chain Fork Choice documents, peer-to-peer…

How EOS and ETH DeFi Made It Through Market Turmoil

On March 11 at 4:56 p.m. UTC, Tedros Adhanom Ghebreyesus, the director of the World Health Organization, stated that COVID-19 can be characterized as a pandemic. Industry experts consider the global uncertainty around this respiratory disease — from travel bans imposed by governments across the globe to the continuing global market turmoil — to be a trigger of the cryptocurrency market’s painful crash. Most cryptocurrencies saw their biggest 24-hour price drops in a single 24-hour period. The strong downward trend started off around 6:00 a.m. UTC on March 12 and…

Crypto Lending Firm BlockFi Raising Interest Rates on BTC and ETH

Clients of one crypto lending company may soon notice some changes in response to the recent drops in the market.  Starting on April 1, BlockFi will be raising the interest account rates on Bitcoin (BTC) and Ether (ETH).  According to CEO Zac Prince, BlockFi users holding between 0-5 BTC now will earn a 6% annual percentage yield (APY), while those with up to 500 ETH will earn a 4.5% APY. Stablecoins like the Gemini Dollar (GUSD) and USD Coin (USDC), will retain their 8.6% APY interest rates. Why are the…

Ethereum Bears Are Not Done Yet, Here’s Why ETH Could Test $68

Ethereum is down more than 50% in a day against the US Dollar. ETH price broke many crucial supports and it is now approaching the $78 and $68 support levels. Ethereum collapsed below $150 and $100 in a harsh market crash against the US Dollar. The price is forming a huge bearish candle on the daily and weekly chart. There was a break below a major bullish trend line with support at $183 on the weekly chart of ETH/USD (data feed via Kraken). Bitcoin price is down more than 45%…

DeFi Giant MakerDAO Avoiding Shutdown in the Face of Tanking ETH — For Now

As Ether’s price sees record losses, MakerDAO, the biggest player in decentralized finance (DeFi) on the Ethereum network, is looking at responses including a shutdown — though that possibility remains unlikely at this point. Markets clobber DeFi Per a March 12 call in response to “Black Thursday” losses, developers and MakerDAO Foundation members weighed the damage that the drop in Ether’s price had done to MakerDAO’s lending protocol.  MakerDAO lends DAI for collateral in the form of Ether. As the market for ETH drops, MakerDAO’s protocol automatically sells. The recent…