Cardano’s Vasil hard fork set to launch, 3 months after target date
Plus: How many active web3 developers are there?
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Despite the crypto bear market, crypto devs keep on building.
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ParaSwap is a decentralized exchange aggregator that provides the best prices over multiple decentralized exchanges on the Ethereum blockchain. The project has become a well-known name in the world of DEXs.
This Week’s Top News
Cardano Founder Revealed New Date for Vasil Hard Fork, ADA Gets Listed on Robinhood Ahead of the Upgrade and Binance.US Launches ADA Staking
Carano’s founder Charles Hoskinson has announced a new timeline for the Vasil hard Fork upgrade, where he claims that the upcoming hard fork can be released as early as September 2022. Providing there are no additional issues or obstacles encountered by the development team.
Furthermore, Cardano became listed on Robinhood ahead of the anticipated upgrade, based on an announcement by the Robinhood Twitter page on September 1, 2022.
Alongside that, Binance.US users are also able to stake their ADA cryptocurrencies. The cryptocurrency exchange made an announcement that this is supported and that users can earn up to 6.1% APY at launch without any unstaking period, for which users have to keep their assets locked to earn rewards.
Iran Approved the Use of Cryptocurrency for Imports, and Qatar Central Bank Issued First License for Digital Payments
Iran has officially approved the usage of cryptocurrency for imports, which is a direct measure of circumventing the U.S. sanctions which were imposed on its finance and banking sector. Specifically, Industry, Mines, and Trade Minister Reza Fatemi Amin announced that the regulations for the usage of cryptocurrencies, instead of dollar and euro, were finalized by the administration.
Alongside that, Qatar’s central bank has also issued its first license for digital payments services to iPay, by Vodafone Qatar and Ooredoo, based on a tweet posted on August 30, 2022.
Meta Lets Users Post Their NFTs on Facebook As Well as Instagram
Meta (formerly Facebook) updated an official announcement where they claim that users can post their non-fungible tokens (NFTs) across both Instagram and Facebook.
Specifically, users are able to connect their wallets such as MetaMask, Trust wallet, Rainbow, Coinbase Wallet as well as Dapper Wallet as a means of posting digital collectibles, which were either minted on top of the Ethereum Blockchain, Polygon, or the Flow blockchain.
Meta has been experimenting with NFTs on both of its platforms since May, and it's now officially supporting their usage.
The Federal Bureau of Investigation Issued Warnings Over Vulnerable DeFi Platforms
The Federal Bureau of Investigation ended up issuing a new warning which is specifically focused on attacks against Decentralized Finance (DeFi) platforms.
They claim that cybercriminals are exploiting vulnerabilities within the smart contracts which are responsible for governing them, based on an official Twitter post.
Citing a report from April 2022 by the blockchain firm Chainalysis, the agency claims that "Between January and March 2022, cybercriminals stole $1.3 billion in cryptocurrencies, almost 97 percent of which was stolen from DeFi platforms".
Largest Ether Mining Pool Known As Ethermine Opens New ETH Staking Service, and the Total Staked ETH Has More Than Doubled Ahead of Ethereum's Merge
The world’s largest Ethereum (ETH) mining pool, Ethemine, is now offering a new service that will enable its members the opportunity to collectively stake their ETH and earn up to 4.43% interest on an annual basis on top of their ETH deposits.
Only 0.1 ETH or $159 is required for entry. This service is offered through Bitfly.
Furthermore, staking ETH first began on the Ethereum network two years ago when the move to Proof-of-Stake (PoS) first began, and since then, the amount of ETH staked on the network has increased.
In fact, the amount of staked ETH on the Ethereum network is up more than 100% on a year-over-year basis, as staking now accounts for more than 13.4 million of all ETH, making up around 11% of the total supply, based on data from Arcane Research.
Thanks for reading,
James