Token Projects to Recover $130M from the Kucoin Hack, Devs Condemned for Centralization

The cryptocurrency community has been discussing the Kucoin hack as a great number of ERC20 projects have frozen, paused, or reversed their smart contracts after the hack.

Freeze, pause, reboot: Projects react differently to $200M KuCoin hack

KuCoin reported at least $129M of the affected funds are ‘safe.’ Following news of a security breach resulting in the loss of more than $200 million worth of tokens on KuCoin, many projects quickly reacted to prevent users’ holdings from being moved off to other exchanges.  Speaking to Cointelegraph, KuCoin Global CEO Johnny Lyu said at least $129 million of the tokens affected in the breach and the Bitcoin (BTC), Ether (ETH), and ERC20 hot wallets impacted were “safe” or in a position to be recovered.

Kucoin Hacker Leverages Uniswap to Dump Vast Number of ERC20 Tokens

Since the recent Kucoin hack, the crypto community has been waiting for the hacker to move funds.

Kucoin Hacked for $150 Million in Bitcoin; Bitfinex and Tether Freeze $33 Million of the Stolen Funds

Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens.

What Is The Kyber Network?

The Kyber Network is a decentralized way to exchange ETH and different ERC20 tokens instantly – no waiting and no registration needed.

What is Uniswap?

Uniswap is a protocol on Ethereum for swapping ERC20 tokens without the need for buyers and sellers to create demand.

Bitcoin Dominance Slides Losing 10% in the Last 100 Days

Bitcoin’s Dominance Index has slid 10% from a high of 67% on May 10, to a low of 57% today.

Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’

A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts.

$RMPL Launches, Revolutionizing the Cryptocurrency Market with a Decentralized Elastic Supply Model

Announcing the official launch of $RMPL, an ERC20 cryptocurrency with an elastic supply model, redesigned to solve unfair market manipulation and exploitation.

South Korean Beachgoers Can Now Use Bitcoin to Pay for Services

The Haeundae Beach System in Busan is part of a pilot project that aims to offer crypto payment solutions to beachgoers in the summertime. A pilot project run by Bitbeat-affiliate company CIC Enterprise wants to provide crypto payment solutions at two of the busiest beaches of the country for tourists to use. According to ZDNet Korea, the firm partnered with card and cash payments provider Innotech for the token-powered payments solution in the Haeundae Beach System on the beaches of Busan in South Korea famous with tourists. The program will allow people to pay for water sports-related activities, life jackets, and even parasol rentals, among others, with Bitcoin (BTC), Ethereum (ETH), along with MCI and WAY ERC20 tokens through a smartphone-based application. A faster payment solution for tourists Bitbeat said that such payments could be processed in less than 10 seconds by relying on the use of QR codes for any wallet in the world, making it different from similar projects that often require customers to download separate apps to complete all the process. The company adds: “We hope that the virtual currency used in the Haeundae-gu beach system will be more widely used in real life.

Lumi Wallet Web Widget: Cryptocurrency Exchange on Your Website

Good news for those who want to upgrade their website with functional tools and features – on August 5st, Lumi Wallet Technologies launched its app web widget.

Podcast Host Lists Himself on Balancer: ‘EVAN’ Increases 500% in 2 Hours

Personal tokens are growing in popularity with the host of ‘Week in Ethereum’ listing EVAN tokens on Balancer”. The host of the ‘Week in Ethereum’ Podcast and former Director of ConseSys, Evan Van Ness is the latest person to tokenize himself on the blockchain — a growing trend in the gaming and marketing sectors.

Ethereum’s 2020 Defi Boom Doubles Active Ether Addresses, But Fees Skyrocket

The number of active Ethereum addresses has grown aggressively in 2020 because of the decentralized finance (defi) boom.

Cardano to Launch ERC20 Converter and Cross-Chain Communication for Interoperability Between Networks Including Bitcoin

Cardano founder and IOHK CEO Charles Hoskinson recently announced in his YouTube video that the current roadmap for the Shelley hard fork will be going according to plan, scheduled on July 29, 2020.

Aggregate ERC20 Market Cap Outpaces Valuation of ETH in Circulation by $2 Billion

Data now shows that the aggregate market valuation for all the ERC20 tokens in existence has surpassed the market capitalization of Ethereum’s native coins.

Ethereum tokens are now more valuable than ETH itself

The BUIDL philosophy appears to be working, as the combined market cap of ERC20 tokens built on Ethereum has surpassed the network’s native ETH.

Bitcoin's influx on Ethereum network now stands at over 11K

Bitcoin and Ethereum are two of the world's largest cryptocurrencies by market cap and several BTC-backed ERC20 tokens have continued to increase and thrive on Bitcoin's rival network. Over the pas The post Bitcoin's influx on Ethereum network now stands at over 11K appeared first on AMBCrypto.

Buy Stablecoins With Your Credit Card in Lumi Wallet

Lumi Wallet announced that from June 2020, Tether USDT, Binance USD, Paxos Standard Token, Celsius and Dai are available to purchase in Lumi Wallet with a credit card.

Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight

This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains.