There’s a prevailing notion that miners aren’t fans of Bitcoin’s volatility because it makes their revenue streams unpredictable. Two researchers from The Hebrew University of Jerusalem, Aviv Yaish and Aviv Zohar suggest quite the opposite, however.

According to the duo’s research, volatility actually makes mining more attractive.

A collaboration between Synthetix and Ren Protocol has resulted in a new Curve Finance pool between sBTC, RenBTC, and wBTC. This pool pays liquidity providers to bootstrap Bitcoin liquidity on Ethereum.

Alongside Unstoppable Domains, MyEtherWallet announced the launch of IPFS-powered web services on Ethereum. MEW will enable users to host websites on decentralized .crypto and .eth domains, while Unstoppable Domains launched a censorship-resistant blogging service.

Wirecard, a popular payment processor and debit card issuer for crypto cards, is unable to locate 1.9 billion EUR. The missing funds make up one-quarter of the firm’s balance sheet.

Algorithmic interest rate protocol Compound stole the spotlight in the cryptocurrency markets after Coinbase revealed it would list the token on its retail platform, with COMP prices doubling.

Phemex, an emerging Singapore-based cryptocurrency and derivatives exchange, has recently been generating a lot of excitement in the industry. 

For example, on top of its seven perpetual contract pairs with up to 100x leverage including a GOLD/USD non-crypto asset, the company is now the first to offer zero-fee spot trading services. 

Demand for DeFi tokens continues to rise, and Maker, Kyber Network, and Aave are a clear example of this. These cryptocurrencies have enjoyed an impressive rally over the past few months, and this trend may continue.

The Bancor team has discovered a vulnerability in its latest smart contract update. To protect user funds, the team drained BNT tokens from affected users’ wallets. 

Members of the crypto community have, however, pointed to non-Bancor related addresses walking off with over $100,000 in affected funds. The Bancor team has identified these addresses as arbitrage bots.

Crypto.com today announced it has rolled out significant infrastructure upgrades to its exchange, including a revamped Matching Engine, Order Management System, and unified REST and Websocket API. The revamp will lead to a 10x increase in performance and throughput, paving the way for an aggressive product roadmap for the rest of 2020, which includes the launch of margin and derivatives trading.

Musical artist Akon has secured a $6 billion contract for a cryptocurrency-powered city in Senegal called Akon City.