| Compound may switch to other public chains due to high gas fees; Steem community sues Bittrex for $16 million in damages
headlines
Compound may consider developing projects on other public chains due to the high cost of Ethereum
David Kajpust, the developer of the blockchain data index project The Graph, said on Twitter that due to the high cost of Ethereum, the DeFi lending protocol Compound may be considering developing the project based on a different public chain or Layer2 blockchain. At the same time, this Or become the biggest "catalyst" for DeFi to enter the new public chain and develop. He also gave a series of lists, guessing that projects including NEAR, Solana, Polkadot, Cosmos, etc. may become the public chain that Compound chooses to build.
David Kajpust, the developer of the blockchain data index project The Graph, said on Twitter that due to the high cost of Ethereum, the DeFi lending protocol Compound may be considering developing the project based on a different public chain or Layer2 blockchain. At the same time, this Or become the biggest "catalyst" for DeFi to enter the new public chain and develop. He also gave a series of lists, guessing that projects including NEAR, Solana, Polkadot, Cosmos, etc. may become the public chain that Compound chooses to build.
digital currency
Steem community sues Bittrex seeking $16 million in damages
On May 20, Bittrex seized $5 million in Steem tokens from 65 accounts, but it refused to return them to the original owners. In response, members of the Steem community have filed a lawsuit against Bittrex and are demanding $16 million in damages. (Decrypt)
Ethereum miners oppose the EIP-2878 proposal, saying that reducing the block reward to 0.5 ETH may threaten network securityThe managing director of ConsenSys previously submitted the EIP-2878 proposal to reduce the block reward to 0.5 ETH. Ethereum miners have expressed concern about the block reward reduction proposal, and those who use GPU mining are particularly unhappy with the proposal. Previous block reward reductions ranged from 40% to 33%, and going from 2 ETH to 0.5 ETH would mean a 75% reduction in block rewards, which could force miners off the network and reduce its overall security. (BeInCrypto)
Tether's 1 billion USDT migration work has been completed
The Ethereum 2.0 test network Medalla has resumed operation. Although the validator participation rate has indeed increased a lot, the participation rate is not very stable. Nishant Das, a programmer on the Prysmatic Labs ethereum 2.0 client, said it was unclear why the participation rate fluctuated, while some network participants said their nodes were cutting validators for some blocks. (TrustNodes)
CoinShares Encrypted ETF Assets Exceed $1 Billion
Tether CTO Paolo Ardoino has started trialing Voice
Paolo Ardoino, chief technology officer of Tether, tweeted that it has started trialing Block.one's social application Voice.
Middle Eastern Restaurant Chain Tahini Converts All Cash Reserves to Bitcoin
Blockchain industry
Middle Eastern Restaurant Chain Tahini Converts All Cash Reserves to Bitcoin
Tahini, a Middle Eastern restaurant chain based in Canada, converted its entire cash reserves into Bitcoin. Omar Hamam, the head of the hotel chain, said that during the epidemic, the governments of the United States and Canada issued additional currency to save the economy. This method will depreciate the legal currency, and if possible, Bitcoin will always be used as a method of fund storage. (Cointelegraph)
Investment and Financing
BlockFi Completes $50M Series C Funding Led by Morgan Creek
Tahini, a Middle Eastern restaurant chain based in Canada, converted its entire cash reserves into Bitcoin. Omar Hamam, the head of the hotel chain, said that during the epidemic, the governments of the United States and Canada issued additional currency to save the economy. This method will depreciate the legal currency, and if possible, Bitcoin will always be used as a method of fund storage. (Cointelegraph)
Investment and Financing
BlockFi Completes $50M Series C Funding Led by Morgan Creek
Encrypted asset lending platform BlockFi announced the completion of $50 million in Series C financing, led by Morgan Creek Digital, other participating institutions include Valar Ventures (leading investors in Series A and Series B financing), Winklevoss Capital and HashKey, in addition, the NBA champion Player Matthew Dellavedova also participated in the round, along with endowments from two prominent universities.
ParaFi Capital strategically invests in BNT to promote the development of Bancor Protocol
global policy
global policy
Character·Voice
SEC Appoints Marc P. Berger as Deputy Director of Enforcement
On August 19, the U.S. Securities and Exchange Commission (SEC) announced that it has appointed the head of its New York office, Marc P. Berger, as the agency's deputy director of enforcement, who will work alongside Stephanie Avakian, the current director of the SEC's enforcement division. Richard R. Best will succeed Berger as director of the New York office. Earlier this month, the US SEC announced that co-director Steven Peikin will leave in August. Peikin has partnered with Avakian in numerous enforcement actions against ICOs, as well as lawsuits such as the Kik interactive case filed in 2019. Avakian will continue as director of the division. (The Block)
Slack user claims to carry out cyber attack during Filecoin big miner test
