What is the Ethereum (ETH) burn address

Crypto community members will likely be familiar with mantras such as "Don't trust, verify!" or the "law of code." Both refer to the promises of greater transparency and audibility and to a technology that offers to replace fallible, corruptible powerful actors with an actually functional rules-based order, secured through deterministic computation. The desire to dispense with…

Bitcoin (BTC) is back at $50,000 as a new week gets underway with a bang.After a strong weekend, Bitcoin finally crossed the long-awaited $50,000 mark overnight on Aug. 22.Along with a firm sense of deja vu, traders are naturally curious as to what will happen next — and crucially whether Bitcoin has bitten off more…

The Central Bank of Azerbaijan (CBA) does not plan to issue a state-backed cryptocurrency because of the “great risks,” English-language Azerbaijani news outlet AzerNews reported Nov. 15.Alim Guliyev, the first Chairman at CBA, underlined that since digital currencies “come with great risks,” the CBA is not intending to launch a central bank issued digital currency…

In the past month, Chinese payments platform Alipay has disclosed a number of patents relating to and revealing more details of China’s planned central bank digital currency (CBDC), the digital yuan.According to a report in local media outlet Interchain Pulse on March 23, Alipay is set to play an integral part in the major functions…

On Sept. 13, United States-based crypto exchange Kraken experienced a bug that allowed some users to buy or sell Bitcoin (BTC) at a notably different price from Bitcoin’s actual market price due to a reported system bug.The next day, Kraken posted a Twitter thread explaining that the bug resulted from testing an unreleased advanced order…

Former New York mayor and present-day Presidential candidate Mike Bloomberg seems to be snuggling up to the crypto community.In a proposal for financial reform released Feb. 18, the Democratic candidate not only wrote about cryptocurrency as an asset class, but also offered a regulatory framework for cryptocurrency in the U.S. That framework remains vague, running…

Initial coin offerings (ICO) have been transacting Ethereum (ETH) at breakneck speed, with over 400,000 ETH moving out of wallets in the past 30 days alone, according to data from crypto assets data and software development firm Santiment published Dec. 17.Ethereum moved out of ICO teams’ wallets Nov. 18 - Dec. 17 2018. Source: SantimentSantiment’s…

Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea. 1529 Total views 33 Total shares Fall is traditionally the open season for United States financial regulators. The thicket of news coming out of Capitol Hill, federal courts and various regulatory agencies can feel overwhelming…

Kusama and Polkadot users will be able to use Cream’s services to deposit digital assets as collateral or lend them out. 642 Total views 29 Total shares Decentralized finance project ​​Cream Finance will bring its lending and borrowing services to Moonbeam, a smart contract platform on Polkadot. In a Thursday announcement, the Moonbeam network said Cream…