XBO.com: latest news on blockchain technology

Tech

Feb. 09, 2023

DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin

MakerDAO , one of the largest decentralized finance (DeFi) platforms, successfully onboarded blockchain data provider Chainlink’s smart contract automation into its Keeper system that maintains the stability of Maker’s DAI stablecoin, Chainlin...

Tech

Feb. 09, 2023

Aave Deploys Native Stablecoin GHO on Ethereum Testnet

Aave , one of crypto’s largest decentralized finance ( DeFi ) protocols, has deployed its native stablecoin GHO on Ethereum’s Goerli testnet, Aave Companies, one of the firms that develops the lending protocol, announced Thursday. Developers an...

Tech

Feb. 09, 2023

JPMorgan: Ethereum’s Shanghai Upgrade to Raise Staking Toward Proof-Of-Stake-Blockchain Average

Ethereum’s Shanghai upgrade , scheduled for mid-March, will raise the blockchain’s staking ratio in the medium term, JPMorgan (JPM) said in a research report Wednesday. There is plenty of room for the 14% ratio to rise, the bank said, given tha...

Tech

Feb. 09, 2023

Tron Blockchain Commits $100M in Grants to Artificial Intelligence-Focused Projects

The Tron blockchain has committed over $100 million to teams utilizing artificial intelligence (AI) within their blockchain applications as the technology gains steam among investors. The initiative aims to support developers researching the use...

Tech

Feb. 09, 2023

Cardano Upgrade Aims to Improve Cross-Chain Features as On-Chain DeFi Crosses $100M TVL

An upcoming upgrade on Cardano will make enhancements to cross-chain functionality for decentralized finance applications (dapps) building on the network, developers tweeted Thursday. The proposal was submitted on Wednesday and will take effect ...

Tech

Feb. 08, 2023

Bitcoin NFTs Explode in Popularity as BitMEX Research Shows 13,000 Ordinals

Crypto derivatives firm BitMEX has identified over 13,000 Ordinals NFTs on the Bitcoin blockchain, evidence that buzz about a still-young flavor of non-fungible tokens is growing fast. The firm’s research arm published a blog post on Wednesday...

Tech

Feb. 08, 2023

Bitcoin’s Newfound NFT Hype Attracts Interest of BSV Developer Twetch

The recent fervor surrounding Ordinals NFTs on Bitcoin is already attracting developers interested in building an ecosystem for the meme-themed art – now including Twetch , the team behind a “pay-to-earn” social network built on the rival Bitc...

Tech

Feb. 08, 2023

Contentious Uniswap Vote Highlights the Opaqueness of Decentralized Governance

When Andreessen Horowitz (a16z) invested in the decentralized crypto exchange Uniswap, it earned a massive trove of the project’s UNI tokens – crypto assets that double as votes in the exchange’s decentralized autonomous organization (DAO). The ...

Tech

Feb. 08, 2023

Cardano DEX SundaeSwap Floats First On-Chain Governance Proposal

Prominent Cardano-based decentralized exchange (DEX) SundaeSwap has floated its first on-chain governance proposal , developers said Tuesday. Voting on the proposal is scheduled to run until Feb.19. “Until now, exactly how that governance shoul...

Tech

Feb. 07, 2023

Ethereum Testnet Successfully Processes First-Ever ETH Staking Withdrawals

An Ethererum test network (testnet) successfully simulated withdrawals of staked ether (ETH) for the first time, bringing the second-biggest blockchain yet another step closer to its historic transition to a fully featured proof-of-stake networ...

Tech

Feb. 07, 2023

Crypto Protocol Lido Proposes ‘Turbo,’ ‘Bunker’ Modes for Post-Shanghai Ether Withdrawals

Lido, the leading Ethereum liquid staking platform, disclosed a proposal on Tuesday for an upgrade designed to help decentralize the project while establishing procedures for users to redeem staked ether following next month’s Shanghai upgrade. ...

Tech

Feb. 07, 2023

DeFi Lender Aave to Distribute Lido Staking Rewards on Arbitrum and Optimism

Rewards from staking ether on Lido will now be distributed by Aave on Ethereum, Arbitrum, and Optimism following a recently-concluded community vote . Aave relies on smart contracts to offer users with financial services such as lending and bor...

Tech

Feb. 07, 2023

Uniswap DAO Approves Boba Network Deployment in Latest Community Vote

Version 3 (v3) of the decentralized exchange Uniswap will soon be deployed on Boba Network following a favorable community vote . Boba Network is a separate blockchain that works atop Ethereum and allows for cheaper and faster user transactions...

Tech

Feb. 03, 2023

Options Automated Market Maker Lyra Deploys to Arbitrum Network

Lyra, an automated market maker for crypto traders to buy and sell options , is now a multichain protocol after successfully launching its Newport upgrade earlier this week. Initially only running on Ethereum layer-2 chain Optimism , Lyra ha...

Tech

Feb. 02, 2023

Crypto Software Firm President: We're Trying to Make California’s DMV More Efficient With Blockchain

Does anyone really enjoy dealing with state motor vehicle department bureaucracy? California, which has the highest number of car registrations in the U.S., may soon be able to use blockchain technology to verify car titles and registration...

Tech

Feb. 02, 2023

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool

Independent developer, Udi Wertheimer, claims he minted a giant image of what appears to be a bald, bearded wizard donning sunglasses and promoting “magic internet JPEGs” on the Bitcoin blockchain via the Ordinals protocol. His announcements in t...

Tech

Feb. 02, 2023

The =nil; Foundation Says Its New Software Is Rocket Fuel for Zero-Knowledge Developers

The =nil; Foundation, the playfully-named blockchain infrastructure startup , introduced a toolkit Thursday that it says will radically decrease the time it will take for developers to build platforms that use zero-knowledge cryptography. The n...

Tech

Feb. 01, 2023

Rocket Pool Community Voting Whether to Self-Limit its Growth

Voters governing the protocol for decentralized Ethereum validator service Rocket Pool are grappling with a philosophical proposal that could put bumpers around the ether staker’s own growth. The proposal would establish a set of guiding princip...

Tech

Feb. 01, 2023

AI Company Co-Founder Addresses Ethics of Tom Cruise 'Deepfake' Videos

It started as an art project, then the Tom Cruise "deepfake" videos went viral on TikTok. Now a co-founder of an artificial intelligence (AI) software company, created after the viral videos aired, wants people to be more aware of the technology ...

Tech

Feb. 01, 2023

Decentralized Social Media Project Nostr's Damus Gets Listed on Apple App Store

Nostr, a startup decentralized social network, got its Twitter-like Damus application listed on Apple's App Store. Nostr is an open protocol that aims to create a censorship-resistant global social network. Media commentators have described it a...

Tech

Feb. 01, 2023

PKT Pal Expands Its Crypto-Powered WiFi Device Lineup With Launch of The Mini

Network technology startup PKT Pal has started taking pre-orders for its latest product, the “Mini,” a WiFi hardware device that rewards users with a coin called PKT for sharing their Internet connection. The device, which comes on the heels...

Tech

Feb. 01, 2023

What Is the Ethereum Blockchain’s Shanghai Hard Fork, and Why Does It Matter?

In March, Ethereum will undergo its first big upgrade – also known as a "hard fork" – since its shift to a proof-of-stake system in September. Once Ethereum’s upcoming “Shanghai” upgrade completes, 16 million staked ether (ETH) will finally bec...

Tech

Jan. 31, 2023

Ethereum Developers to Launch New Testnet ‘Zhejiang’ for Simulating ETH Withdrawals

Ethereum developers will open a new test network on Wednesday called “Zhejiang,” where users can start testing Ethereum Improvement Proposal- 4895 , also known as staked ether withdrawals, that’s included in the protocol’s next big upgrade, the s...

Tech

Jan. 31, 2023

Wormhole Wins Vote to Be Uniswap’s Designated Bridge to BNB Chain

Wormhole, the crypto bridge platform, won a community vote on Tuesday to become the official governance bridge for Uniswap – the largest decentralized exchange platform by trading volume – when its version 3 platform arrives on Binance’s BNB Ch...

Tech

Jan. 31, 2023

Strike Expands Lightning Network-Powered Remittances to Philippines

Digital payments firm Strike is expanding its international money transfer service that runs on Bitcoin’s Lightning Network to the Philippines, in a push to tap into the country’s $35 billion remittance market , one of the world’s largest. Th...

Tech

Jan. 31, 2023

Bitcoin Community Erupts In Existential Debate Over NFT Project Ordinals

This month’s debut of the Ordinals protocol , which stores NFTs on the Bitcoin blockchain, is driving a wedge between Bitcoin purists who say the blockchain should be restricted to financial transactions, and those who see the network as large a...

Tech

Jan. 30, 2023

Bridge Platform LayerZero Denies Allegations It Kept ‘Backdoor’ Secret

A co-founder of LayerZero, which provides services to help blockchains bridge digital assets between each other, is denying accusations from a competitor that it covered up the existence of a critical “backdoor” vulnerability in its code. James ...

Tech

Jan. 30, 2023

DeFi Project Friktion’s Shutdown Said to Stem Partly From Founder Disagreement

Friktion Labs, a crypto startup that builds high-yielding structured products for decentralized finance (DeFi) traders on the Solana blockchain, said late Thursday that it was shutting down its user platform, citing the challenging “economics” of...

Tech

Jan. 30, 2023

Secret Blockchain Suffers Departures as Foundation Head's $2M-Plus Dividend Sparks Outcry

Secret Network, a privacy-focused blockchain, has seen a growing number of validators halt their services, after the head of an affiliated foundation took out more than $2 million in dividends and an upgrade led to technical problems. At least f...

Tech

Jan. 30, 2023

Fantom Blockchain to Release Version 2 of fUSD Stablecoin

Blockchain platform Fantom plans to introduce version 2 of its fUSD stablecoin to provide a more predictable and budget-friendly system for builders, partners, and users, developers said in a post over the weekend. They didn't give a timeline f...

Tech

Jan. 27, 2023

Aptos Labs CEO Says NFTs Will Push Boundaries of Previous Generation Blockchains

Non-fungible tokens (NFT) have the potential to be about more than just collectibles, Mohammad Shaikh, co-founder of layer 1 blockchain Aptos Labs, told CoinDesk TV’s “First Mover” on Friday. “The way we think about NFTs is pushing the boundarie...

Tech

Jan. 27, 2023

Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week

The upcoming Djed protocol's stablecoin, djed, and its Shen governance token will list on Cardano-based decentralized exchanges (DEXs) MuesliSwap and MinSwap after their issuance next week, as per tweets from the two DEXs. As per DeFiLlama , Mi...

Tech

Jan. 26, 2023

Polygon Q4 Transaction Volatility Fueled by FTX Collapse, ZK Rollup Testing, Nansen Says

Polygon, an Ethereum scaling tool, saw wide swings in daily transactions and active addresses during the fourth quarter, as users scrambled to move funds during the epic meltdown of Sam Bankman-Fried’s FTX crypto exchange and the project rolled o...

Tech

Jan. 25, 2023

'Bitcoin Jesus' Says He Has the Money to Pay Ailing Crypto Lender Genesis

Roger Ver, the blockchain-industry veteran once known as “ Bitcoin Jesus ” thanks to his early evangelism for the cryptocurrency, said Wednesday that he has “sufficient funds” to make good on payments allegedly owed to the crypto lending firm Gen...

Tech

Jan. 25, 2023

Web3 Developer Platform Alchemy Releases Transaction Simulation Product

Alchemy, a web3 developer platform firm, released a new “ Transaction Simulation ” product designed to make initiating and sending crypto transactions more user-friendly. Users are often susceptible to scams because of a lack of understanding on...

Tech

Jan. 25, 2023

Canto DEX Trading Volumes Bump 200% Ahead of Key Improvement Proposals

Trading volumes on the largest decentralized exchange (DEX) on Canto, a relatively new blockchain, surged by over 200% in the past 24 hours as traders bet on the latest layer 1 hype. Canto, which runs on the Ethereum Virtual Machine (EVM) - a te...

Tech

Jan. 25, 2023

The Money in Ethereum's Middleware: Can Flashbots Still Call Itself a 'Public Good'?

Ethereum research and development firm Flashbots pitched its MEV-Boost middleware as a “public good,” and the software is now used by a majority of the validators that run the network. But recently revealed fundraising plans have opened Flashbots...

Tech

Jan. 24, 2023

Wasabi Wallet Will Pay You to 'Crack' a Bitcoin Wallet

Bitcoin wallet company Wasabi Wallet has thrown down the gauntlet and challenged Bitcoiners around the world to “crack” a bitcoin wallet and collect whatever bitcoin ( BTC ) it holds. The challenge, which kicked off yesterday, is part of a wee...

Tech

Jan. 24, 2023

Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled

A unit of Genesis Global Capital, the crypto lender that filed for bankruptcy protection in New York last week , claims longtime blockchain-industry veteran and Bitcoin Cash ( BCH ) backer Roger Ver – sometimes referred to as “ Bitcoin Jesus ” b...

Tech

Jan. 24, 2023

Aave Community Voting to Deploy Version 3 on Ethereum

Decentralized non-custodial lending and borrowing protocol Aave is voting to execute its third iteration, or v3, on the Ethereum blockchain, a critical moment for the decentralized finance (DeFi) community hoping to benefit from v3’s focus on ris...

Tech

Jan. 24, 2023

DeFi Protocol Sushi Passes Two Governance Votes to Strengthen Treasury

Token holders from the Sushi community have voted on two separate proposals that aim to strengthen the decentralized finance (DeFi) service’s treasury and long-term staying power. Both proposals were passed independently with a majority of votes...

Tech

Jan. 23, 2023

MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance

Decentralized finance (DeFi) giant MakerDAO ’s community approved Monday a proposal to deploy up to $100 million USD Coin ( USDC ) from its reserve on DeFi protocol Yearn Finance , where the deposited stablecoin will earn a yield. Read mor...

Tech

Jan. 23, 2023

Ethereum's Buterin Proposes 'Stealth Addresses' To Enhance Privacy Protections

Ethereum co-founder Vitalik Buterin released a new blog over the weekend that seeks to enhance privacy protections for blockchain users with a "stealth address system." In his writing, Buterin notes that assuring privacy remains a big challeng...

Tech

Jan. 23, 2023

Latest Ethereum ‘Shadow Fork’ Brings Blockchain’s Shanghai Upgrade Closer to Reality

Ethereum developers said they successfully created a copy of the blockchain – known as a “shadow fork” – to provide a testing environment ahead of a crucial upgrade known as the Shanghai hard fork . The shadow fork occurred at 10:40 coordinated...

Tech

Jan. 23, 2023

Uniswap Poll Shows 80% Support Decentralized Crypto Exchange's Move to BNB Chain

A ‘temperature check’ to gauge support in the Uniswap community for a possible move of the decentralized exchange’s V3 protocol to BNB Chain saw some 80% of UNI token holders vote in favor. Voting on the proposal, floated by Plasma Labs, ended...

Tech

Jan. 23, 2023

Cardano Network Quickly Recovers After Brief Node Outage

Cardano network saw a brief outrage on Sunday that was automatically fixed within minutes with no singular root cause determined as of writing time, developers wrote in a GitHub post. Several developers reported the error on GitHub but said al...

Tech

Jan. 20, 2023

Stellar Foundation Nicked by Genesis Bankruptcy With $13M Claim

Stellar Development Foundation, a nonprofit organization set up to promote growth on the Stellar blockchain, was listed among the largest creditors of Genesis, the beleaguered crypto lending giant that filed for bankruptcy protection on Thurs...

Tech

Jan. 20, 2023

Fantom Blockchain to Fund Ecosystem Projects Using Portion of Burnt FTM Fees

Fantom has launched a decentralized vaults product to fund projects and applications building on its blockchain, developers said Friday . Called Ecosystem Vault, the project is an on-chain fund financed by 10% of the transaction fees on Fantom ...

Tech

Jan. 20, 2023

Craig Wright’s Blacklist Resembles Bitcoin ‘Kill Switch’ Satoshi Never Followed Through On

Bitcoiners are cringing at the fact that users of the rival Bitcoin SV (BSV ) blockchain can now freeze and confiscate other users’ coins, thanks to the Australian computer scientist Craig Wright’s “blacklist manager” – a software tool for recov...

Tech

Jan. 19, 2023

The =nil; Foundation Raises $22M to Build Marketplace for Zero Knowledge Proofs

The Ethereum research and development firm =nil; Foundation has raised $22 million to build out its Proof Marketplace, which will allow crypto protocols to outsource the production of zero-knowledge (ZK) proofs. The funding round, led by Polycha...

Tech

Jan. 19, 2023

Cross-Chain Bridge Protocol Stargate Partners With Metis for More Efficient Interoperability

Cross-chain bridge protocol Stargate Finance integrates with Ethereum layer 2 platform Metis, to enable more flexible and secured cross-chain applications for users. The partnership is being pitched as a way to allow Stargate - a protocol built ...

Tech

Jan. 19, 2023

Cosmos DEX Osmosis to Make Cross-Chain Trades More Efficient With Neon Upgrade

Decentralized exchange (DEX) Osmosis will conduct its v14.0.0 upgrade, termed “Neon,” in line with a broader plan to expand product integrations and make cross-chain trading more lucrative for traders, developers said Wednesday. The upgrade, w...

Tech

Jan. 18, 2023

What Ethereum Tech Trends Are Weathering the Bear Market?

Last weekend was exciting for crypto speculators, with the prices of bitcoin (BTC), ether (ETH) and other coins shooting up by double-digit percentages. Zoom out on that price chart and the picture becomes clearer: Things aren’t looking so hot. ...

Tech

Jan. 18, 2023

DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus

Decentralized finance (DeFi) application Frax Finance is briskly gaining favor among investors for its strong product suite as liquid staking derivatives (LSD) heat up ahead of Ethereum's impending Shanghai upgrade. The Frax protocol is a two-to...

Tech

Jan. 18, 2023

Ethereum Layer 2 Network Optimism Sees Bump in Transactional Activity. Here's Why it Matters

Crypto traders and investors are increasingly seeing the Optimism ecosystem as a likely spot for capturing returns along the lines of the 100-times-plus multiples sometimes witnessed in prior bull-market cycles. Transactional activity has steadi...

Tech

Jan. 17, 2023

Crypto Developers Grew in Numbers Amid Bear Market, VC Firm Electric Capital Says

Blockchain, crypto, and Web3 developers continued to build out their ecosystems in 2022, even in the face of a brutal crypto winter, Electric Capital, a crypto venture capital firm, said in a new report. Amid a significant drop in crypto prices ...

Tech

Jan. 17, 2023

Polygon Completes Hard Fork to Reduce Gas-Fee Spikes, Disruptive Reorgs

Polygon, an Ethereum scaling project, successfully completed a hard fork designed to reduce instances of spiking gas fees and disruptive chain reorganizations known as "reorgs." The software upgrade occurred at 10:45 UTC (5:45 a.m. ET) on Jan...

Tech

Jan. 17, 2023

Ethereum Startup Obol Labs Raises $12.5M to Decentralize Validators

When Ethereum last summer switched to proof-of-stake , its new system for processing transactions, it handed control of the network from crypto miners to validators. In the midst of the crypto bear market, startup Obol Labs has raised $12.5 mil...

Tech

Jan. 17, 2023

Crypto Whitehat Platform Immunefi Banned 15 ChatGPT-Generated Bug Reports. Here's Why

OpenAI’s ChatGPT has stirred the hornet’s nest since its launch with the Twitterverse readily commenting on how the software could eventually create code, write stories, steal jobs and even fight wildfires . But the crypto platform Immunefi is ...

Tech

Jan. 16, 2023

DeFi Protocol Frontier Brings In-Browser Wallet Support for Aptos, Sui and 33 Additional Blockchains

Decentralized finance (DeFi) protocol Frontier started an in-browser wallet extension that allows crypto users to interact with staking, transactional, and NFT activities over 35 supported blockchains, the company told CoinDesk. The wallet allow...

Tech

Jan. 16, 2023

North Korean Hacking Group Tied to $100M Harmony Hack Moves 41,000 Ether Over Weekend

Pseudonymous blockchain sleuth ZachXBT said on Monday that part of the funds tied to last year’s $100 million attack on the Harmony network were moved over the weekend. “North Korea’s Lazarus Group had a very busy weekend, moving $63.5 million (...

Tech

Jan. 16, 2023

Shiba Inu Developers Reveal First Look of Layer 2 Blockchain Shibarium

Upcoming layer 2 network Shibarium will soon join the ever-growing fray of Ethereum-based blockchains, such as Arbitum and Optimism, looking to solve the problems of scalability, speed and expense. A beta testnet, or a blockchain that mimics rea...

Tech

Jan. 13, 2023

Hive Blockchain Deploys First Intel-Powered Bitcoin Mining Machines

Bitcoin mining firm Hive Blockchain (HIVE) has deployed its first machines based on Intel's (INTC) Blockscale chips, the miner said on Friday . The new chips not only have the potential to break the effective duopoly of Bitmain and MicroBT in t...

Tech

Jan. 13, 2023

New MetaMask Product to Add Liquid Staking via Lido and Rocket Pool

Just in time for Ethereum’s consequential Shanghai update , which will soon allow users to withdraw ether (ETH) they’ve “staked” to help secure the network, popular wallet provider MetaMask is taking a swing at helping more users stake in the fi...

Tech

Jan. 13, 2023

Citi Says Solana Blockchain Activity Remains High

Activity on the Solana blockchain remains high even though there are an estimated 50 million solana (SOL) tokens locked in crypto exchange FTX’s Chapter 11 proceedings, Citi (C) said in a research report Thursday. That has sharply reduced the ...

Tech

Jan. 13, 2023

Cardano Developer IOG Deploys Sidechain Toolkit to Boost Blockchain

The company behind the Cardano blockchain said it has deployed a toolkit for building custom sidechains, allowing developers to create blockchains for specific use cases on the system. The toolkit, available initially on a testnet – a blockcha...

Tech

Jan. 13, 2023

Inside Bonk Inu: How 22 Developers Put the Shiba Inu Fun Into Solana and Away From FTX

In the past few weeks, a Shiba Inu-themed token took center stage in the Solana ecosystem as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX debacle. Called Bonk Inu (BONK), the project with a...

Tech

Jan. 12, 2023

Polygon’s Blockchain To Undergo Hard Fork

Ethereum scaling project Polygon has announced a proposed hard fork to its proof-of-stake (PoS) blockchain. If approved, the software upgrade is set to take place on Jan. 17, and will address gas spikes and chain reorganization (reorgs). The ...

Tech

Jan. 12, 2023

Number of Staked ETH Passes 16M

Almost four months after Ethereum’s successful shift to a proof-of-stake network , the second-biggest blockchain by market cap has passed another major milestone. More than 16 million ether (ETH) have been deposited into Ethereum’s Beacon Chain ...

Tech

Jan. 11, 2023

DeFi Protocol Ondo Finance Sets Up Tokenized Corporate Bonds With Over 8% Yield on Stablecoins

Decentralized finance (DeFi) platform Ondo Finance has launched three products that will allow stablecoin holders globally to invest directly in bonds and U.S. Treasuries. Ondo estimated the regulated products could attract more than $100 billio...

Tech

Jan. 11, 2023

Ethereum Upgrade Could Make It Harder to Lose All Your Crypto

Ethereum developers are hard at work trying to make its blockchain more user-friendly. One of the downfalls of crypto is the costliness of simple screw-ups. For instance, if a user loses the keys to their crypto account, they could lose access t...

Tech

Jan. 10, 2023

DeFi Protocol Yearn Finance Will Now Let Anyone Create Curve Reward Farms

Decentralised finance (DeFi) project Yearn Finance will allow users to create their own vaults to accrue yield and deposit proceeds to earn even more token rewards. Yearn will charge 10% as performance fees for providing such a facility. DeFi ...

Tech

Jan. 04, 2023

Ethereum in 2023: Here’s What to Look Forward To

Staked ether withdrawals are imminent This will be the most pressing issue that Ethereum developers will tackle. After September’s Merge, when Ethereum switched its consensus mechanism to proof-of-stake (PoS), the network began to use valid...

Tech

Jan. 04, 2023

DeFi Tool Convex to Make Changes to Staking Service for Curve Token Rewards

Convex Finance is making updates to its staking system on the Curve protocol that will allow users to earn more rewards and have more control over what rewards they receive. Convex Finance is also proposing changes to the fees on the platform ...

Tech

Jan. 03, 2023

The Genesis Block: The First Bitcoin Block

The Genesis Block was simply the first block of bitcoin to be mined . You might see it called Block 0 or Block 1. It’s still there today and will remain there as long as any computer runs the Bitcoin software. Every node in the Bitcoin ne...

Tech

Jan. 03, 2023

DeFi Protocol Sushi to Shutter Lending Product to Focus on DEX

Popular decentralized finance (DeFi) application Sushi will sunset two products as part of broader plans towards making the protocol sustainable and profitable. Chief technology officer Matthew Lilley said in a tweet thread last week that two pr...

Tech

Dec. 29, 2022

Step Aside, Ethereum: Blockchain Project Stacks Wants to Bring Smart Contracts to Bitcoin

Blockchain project Stacks has published a whitepaper showing how a new digital asset called “Stacks bitcoin” (sBTC) can be used to make Bitcoin fully programmable. Unlike Ethereum or Solana where developers can conjure up all manner of algorit...

Tech

Dec. 28, 2022

Anonymous Twitter User Leaks Alleged 3Commas API Database

An anonymous Twitter user claims to have obtained around 100,000 API keys belonging to users of the crypto trading service 3Commas. The leaker published over 10,000 of the keys on Wednesday and says the rest “will be published full [sic] randomly...

Tech

Dec. 28, 2022

Ethereum’s 2022 in Review: The Merge, MEV and Mayhem

In 2022, Ethereum ticked off several boxes on its checklist toward creating a global computer and decentralized financial system. Most notably, the second-largest blockchain finally completed its radical shift to a new, vastly more energy-friendl...

Tech

Dec. 22, 2022

Aave DAO Votes to Integrate Chainlink Proof-of-Reserves to Tighten Network Security

Decentralized lending protocol Aave will implement a “proof of reserve” system to protect bridged assets on Avalanche, a decentralized finance (DeFi) twist on the centralized exchanges racing to shore up customer confidence in the wake of FTX. T...

Tech

Dec. 21, 2022

Built on Bitcoin in 2022: Top Bitcoin Newsletter Publishes Its Year-End Review

Ethereum merged , decentralized finance (DeFi) imploded , FTX crashed and burned . Bitcoin, in the meantime, continued to build, said the Bitcoin Operations Technology Group (Optech) – a community of Bitcoin contributors – in its annual year-...

Tech

Dec. 21, 2022

Is Ethereum’s Censorship Problem Taking a Turn?

Ethereum’s “censorship” problem has grown over the past few months, with some validators in charge of maintaining the blockchain’s ledger ignoring certain transactions to comply with regulations. But crypto’s anti-censorship purists may have reas...

Tech

Dec. 20, 2022

Nansen Analyst: On-Chain Data Shows Binance’s Financials Are a ‘Black Box’

Binance, the top cryptocurrency exchange by trading volume , may be “tremendously well capitalized,” but that its financials are still “very much a black box,” said an analyst at data insights company Nansen. Andrew Thurman told CoinDesk TV’s “...

Tech

Dec. 20, 2022

Machankura’s Bitcoin Wallet Targets Africans With Old-School Phones and No Internet

Bitcoiners in Nigeria, Tanzania, South Africa, Kenya and five other African countries can now send and receive bitcoin (BTC) without a smartphone or Internet connection. Just a basic feature phone and text code will suffice, thanks to a digital w...

Tech

Dec. 20, 2022

Bitcoin Development Company Layer 2 Labs Raises $3M to Bring Drivechains to Network

Layer 2 Labs has raised a $3 million seed round from angel investors to bring drivechains and other innovative technologies to Bitcoin. Drivechains are a type of sidechain – a secondary blockchain that interacts with a primary blockchain and a...

Tech

Dec. 20, 2022

Visa Proposes Automatic Payments Using Ethereum Layer 2 Solution StarkNet

Payments processor Visa (V) recently proposed a solution known as “account abstraction” that uses smart contracts can be used to enable automated programmable payments on Ethereum, per a crypto thought leadership post . This solution involves t...

Tech

Dec. 16, 2022

Crypto Exchange Gemini Down for Several Hours Due to 'Scheduled Maintenance'

Crypto exchange Gemini has been down for over three hours since the late hours of Thursday due to a scheduled maintenance, the firm said with no other explanation. In November, Gemini said withdrawals for its yield product would be delayed , as...

Tech

Dec. 15, 2022

Jack Dorsey Gives Decentralized Social Network Nostr 14 BTC in Funding

Jack Dorsey donated roughly 14 BTC, worth about $245,000, to further fund development of Nostr (short for Notes and Other Stuff Transmitted by Relays). After it was reported that Jack Dorsey will donate $1 million annually to encrypted messag...

Tech

Dec. 15, 2022

Microsoft Bans Crypto Mining on Its Online Services Without Permission

Tech giant Microsoft won't allow its customers to mine cryptocurrencies on its online services without prior written permission, according to a policy update that came into effect on Dec. 1. "Neither Customer, nor those that access an Online S...

Tech

Dec. 15, 2022

Web3 Domain Provider Unstoppable Domains to Integrate With Etherscan and Polygonscan

Web3 domain provider Unstoppable Domains will integrate in early 2023 with Ethereum’s popular blockchain explorer, Etherscan, as well as Polygonscan, the company said Thursday. The integration will allow users to look up any Unstoppable Domain a...

Tech

Dec. 14, 2022

Binance Founder ‘CZ’ Insists We Can Trust His Crypto Exchange – but Can We?

Monday’s arrest of Sam Bankman-Fried (“SBF”) capped off a historic period in the world of memes, money and mayhem that is the cryptocurrency industry. The arrest of the FTX exchange founder drew mainstream headlines that greatly overshadowed th...

Tech

Dec. 13, 2022

Chelsea Manning: Crypto’s Privacy Problem Depends on Improving Its Technology

Chelsea Manning, the former U.S. Army private who spent seven years in prison for one of the largest leaks of documents in military history, sees at least one positive outcome to the collapse of crypto exchange FTX: more awareness about transpare...

Tech

Dec. 12, 2022

Polygon’s NFT Market Demonstrates Signs of Significant Increased Adoption, but Not Growth in Sale Volume, Nansen Data Shows

Polygon’s NFT market is currently experiencing significant increased adoption, thanks to its collaborations with name-brand companies such as Reddit. Despite crypto winter, first-time and returning buyers per day in Polygon’s non-fungible token ...

Tech

Dec. 09, 2022

Bitcoin's Lightning Network Could Be Getting a Privacy Upgrade

The Lightning Network, Bitcoin’s layer 2 scaling platform, has a privacy problem. Receiving payments, requesting refunds, and opening and closing payment channels (connections between Lightning nodes) – all raise privacy concerns for users of the...

Tech

Dec. 09, 2022

Crypto Miner Hive Cuts Computing Power Forecast for Intel Chip-Based Rigs

Crypto mining firm Hive Blockchain (HIVE) will receive less computing power than forecast from its mining rigs using Intel's (INTC) new chips. The 5,800 new machines, dubbed Hive Buzzminers, will have total computing power of more than 630 petah...

Tech

Dec. 08, 2022

Ethereum Developers Target March 2023 for Release of Staked Ether

Today, Ethereum developers determined the network’s next hard fork, called “Shanghai,” will have a target release timeframe of March 2023. This upgrade will include code known as EIP 4895 that will allow Beacon Chain staked ether (ETH) withdraw...

Tech

Dec. 07, 2022

Privacy-Focused Gnosis Chain to Undergo Its Own Proof-of-Stake ‘Merge’

Privacy-focused Gnosis, one of the first sidechains to Ethereum, will conduct its own version of the Merge to replace its proof-of-authority (PoA) chain with its Gnosis proof-of-stake (PoS) beacon chain. The Merge will take place on Thursd...

Tech

Dec. 07, 2022

What Does an AI Chatbot ‘Think’ About DeFi? We Asked ChatGPT

Over the past month, my Twitter feed has been inundated with all things FTX and Sam Bankman-Fried. Between the apologies and interviews (why is Sam still talking?), my feed has been all fraud and no fun. That is, until ChatGPT came along. T...

Tech

Dec. 07, 2022

DeFi Project Mercurial Plots Revamp and New Tokens Following 'Toxic' Association With FTX

Mercurial, a decentralized finance (DeFi) platform that allows users to lend and borrow stablecoins on the Solana blockchain, is revamping its brand, community, and token distribution, as per a Wednesday post . The revamp plan, which being call...

Tech

Dec. 07, 2022

DeFi Protocol Sushi Proposes 'Immediate' Action to Support Its Treasury

Sushi, a decentralized finance (DeFi) protocol, is facing a significant deficit in its treasury that threatens its long-term operational viability, according to a governance proposal from project developers. After reviewing expenditures, the p...

Tech

Dec. 06, 2022

Blockchain Data Provider Chainlink Launches Staking of Its Native Token LINK

Chainlink, a provider of price feeds and other data to blockchains, has introduced staking of its native token LINK to its network to help keep the protocol secure. Chainlink Staking v0.1 allows people to earn rewards while helping the protoc...

Tech

Dec. 06, 2022

Bitcoin Mining Difficulty Drops Most Since July 2021 as Crypto Winter Cuts Profitability

The difficulty of mining a bitcoin block fell by 7.32% today, with miners powering off machines as a brutal bear market eats into profit. The adjustment at block height 766,080 is the biggest downward change since July 2021, data from mining po...

Tech

Dec. 05, 2022

Waves Blockchain Founder Explores New DAO Model to Improve Crypto Governance

Sasha Ivanov, the founder of the Waves blockchain, says he has a way of tackling some of the governance shortcomings apparent in managing decentralized autonomous organizations (DAOs), including the risk of manipulation and voter apathy. DAOs ...

Tech

Dec. 02, 2022

How Attackers Made $15M From Staking Platform Helio After Ankr Exploit

An unknown group of attackers were able to drain some $15 million in liquidity from BNB Chain-based staking platform Helio on Friday morning after exploiting an oracle issue on the protocol, on-chain data shows. Oracles are third-party services...

Tech

Dec. 02, 2022

Avalanche-Based DEX Trader Joe to Soon Deploy on Ethereum Scaling Solution Arbitrum

Avalanche-based decentralized exchange (DEX) Trader Joe will soon deploy on Ethereum scaling solution Arbitrum as it looks to capture new user bases. “Our aim was to always innovate on the frontiers of DeFi at a global level,” Trader Joe devel...

Tech

Dec. 01, 2022

Polygon APIs to Soon Deploy on Web 3 Indexing Service The Graph

Indexing service The Graph will soon add support for the Polygon blockchain. Polygon-based applications can soon run on fully-decentralized application programming interface (API) run on The Graph, away from the currently used hosting service. ...

Tech

Dec. 01, 2022

Bernstein: Crypto User Activity Is Moving On-Chain Following FTX's Collapse

Crypto user activity is moving on-chain following the collapse of FTX and sister company Alameda Research last month as self-custody comes back into vogue, Bernstein said in a research report Wednesday. More investors are storing crypto in the...

Tech

Nov. 30, 2022

The Ethereum Foundation Commences Shutdown of Ropsten Testnet

The Ethereum Foundation says in a blog today that the blockchain’s Ropsten test network (testnet) has begun to wind down, with a full shutdown anticipated for sometime between December 15-31. The news comes as developers have gradually stopped...

Tech

Nov. 30, 2022

Coinbase Foils Extortion Attempt, Reinforces Bug Bounty Program

Coinbase ( COIN ), America’s largest cryptocurrency exchange by trading volume and the first crypto exchange to go public on a U.S. stock market, is raising awareness of its bug bounty program after a recent extortion attempt. A malicious acto...

Tech

Nov. 30, 2022

Bitcoin Custody Firm Casa to Add Ethereum Support

Casa, a popular Bitcoin self-custody firm, is adding Ethereum support to its platform in what some may consider an unlikely move. An overhauled version of the Casa app will launch in January, according to the firm. Although the company's origina...

Tech

Nov. 30, 2022

MetaMask IP-Sharing Debacle Highlights the Scourge of Crypto Centralization

Last week, the leading crypto wallet provider MetaMask came under fire for a change to its terms of service that revealed it was sharing user IP information with Infura, a piece of blockchain infrastructure created by MetaMask creator ConsenSys...

Tech

Nov. 26, 2022

Major Canadian Crypto Exchange Coinsquare Says Client Data Breached

Coinsquare , one of Canada’s largest cryptocurrency exchanges, may have been breached, but the company claims customer assets are “secure in cold storage and are not at risk.” The exchange, which touts itself as “Canada's trusted platform to se...

Tech

Nov. 24, 2022

Ethereum Developers Agree on What Could Be Included in the Next Upgrade – But Not When

On Thursday, Ethereum developers decided to consider eight Ethereum Improvement Proposals (EIPs) for inclusion in the network’s upcoming hard fork, called “Shanghai.” The hard fork upgrade will unlock Beacon Chain staked ETH withdrawals, and mi...

Tech

Nov. 24, 2022

Ethereum Software Firm ConsenSys Reveals it Collects User Data

One of the firms behind the Ethereum merge, ConsenSys, said on Thursday that it also collects user data related to its on-chain wallet service MetaMask. The revelation comes days after decentralized crypto exchange (DEX) Uniswap made a simila...

Tech

Nov. 23, 2022

Ethereum R&D Firm Flashbots Shares Details About Its Next-Gen Block Builder

Ethereum research and development firm Flashbots released new information Wednesday on “The Single Unifying Auctions for Value Expression” (Suave) – its vision for a new kind of blockchain that would radically transform the process by which chain...

Tech

Nov. 23, 2022

Bitcoin Wallet of the Failed BTC-e Exchange Wakes Up

A crypto wallet attributed to the BTC-e exchange that's been linked to the 2014 Mt. Gox hack burst into life Wednesday with its largest transaction since August 2017, sending a total of 10,000 bitcoin ($165 million) to two unidentified recipi...

Tech

Nov. 23, 2022

Alameda-Backed Crypto Trading Firm 3Commas Says It’s Pretty Sure It Wasn’t Breached

Over a dozen users of the crypto trading service 3Commas, which was backed by Sam Bankman-Fried’s Alameda Research, say the platform leaked their credentials and enabled attackers to run away with over $6 million in user funds. The platform’s CE...

Tech

Nov. 23, 2022

Anxious Ethereum Stakers Question When They’ll Be Able to Access Funds

Rumors emerged on Twitter last week claiming that the Ethereum Foundation is pushing back its timeline for staked ether ( ETH ) to be withdrawn from the Beacon Chain. In these volatile times for the crypto industry, when many services including F...

Tech

Nov. 23, 2022

Ethereum Name Service Selects Karpatkey DAO as Endaoment Fund Manager

The Ethereum Name Service (ENS) DAO has chosen a new fund manager to take charge in managing its treasury in the wake of crypto winter. In a vote that opened last Wednesday, Nov. 17 and closed Tuesday evening, Nov. 22. Community members selecte...

Tech

Nov. 21, 2022

FTX Blowup Helped Enrich the Ethereum Validators Who Run the Blockchain

This month’s collapse of FTX drove a dramatic increase in the profitability of running the Ethereum network, as the crypto industry ran into the nearly immutable law that when markets get chaotic, the best place to be is at the heart of the actio...

Tech

Nov. 21, 2022

Mobile-Focused Blockchain Celo Partners with Ethereum-software Firm ConsenSys

Mobile-first blockchain Celo announced today a partnership with ConsenSys, an Ethereum-software firm that helped engineer the Merge. The deal will allow Celo to make use of ConsenSys’ Infura infrastructure. Celo developers will be able to build ...

Tech

Nov. 20, 2022

FTX Exploiter Converts Millions in Ether to Alameda-Linked Ren Bitcoin Tokens

Whoever was behind the $600 million exploit of crypto exchange FTX started exchanging millions of dollars worth of ether to Ren Bitcoin (renBTC), a token that represents bitcoin on other blockchains, early on Sunday. Funds stolen from FTX were s...

Tech

Nov. 18, 2022

Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings

Following the collapse of FTX and Alameda Research , crypto trading platforms are rushing to show that clients’ assets are safe and not being used for speculation, but “proof of reserves, at least in the form they’ve been suggested, have too man...

Tech

Nov. 18, 2022

Cardano-Based Regulated Stablecoin USDA Will Hit the Market in Early 2023

Emurgo, the official commercial arm and a founding entity of the Cardano blockchain, plans to launch USDA, a U.S.-pegged stablecoin, in early 2023, the company told CoinDesk. USDA will be the first fully fiat-backed, regulatory-compliant stablec...

Tech

Nov. 17, 2022

Sui Network, a New Blockchain From Ex-Meta Employees, Launches Its Testnet

Sui Network, a layer-1 blockchain created by ex-Meta (nee Facebook) engineers got a step closer to going live by announcing it has opened its testnet – a place where the viability of the technology can get a more thorough examination. The testne...

Tech

Nov. 17, 2022

‘Proof of Reserves’ Emerges as a Favored Way to Prevent Another FTX

Crypto exchange FTX collapsed spectacularly into bankruptcy last week as trust in its accounting for billions of dollars in assets vanished. In the fiery aftermath, some critics are blasting the very existence of centralized exchanges like Sam...

Tech

Nov. 17, 2022

Ethereum Software Firm ConsenSys Launches Ethereum Climate Platform

ConsenSys, an Ethereum-software firm that helped engineer the Merge, is launching the Ethereum Climate Platform (ECP) at COP27’s UN Climate Change Global Innovation Hub. (COP27 is short for 27th Conference of the Parties of the UNFCCC. UNFCCC is ...

Tech

Nov. 17, 2022

FTX Exploiter Swaps Thousands of Stolen BNB Crypto Tokens Into Ether, BUSD

Whoever was behind last week’s $600 million exploit of crypto exchange FTX converted over about $7.4 million worth of BNB tokens into ether (ETH) and binance USD (BUSD), a U.S. dollar-pegged stablecoin, on Thursday. Some 10,000 BNB tokens were...

Tech

Nov. 16, 2022

DeFi Giant MakerDAO Speeds Up DAI Transactions and Withdrawals, Expands to Arbitrum, Osmosis

Decentralized-finance ( DeFi ) protocol MakerDAO said it can now handle “near-instant” transactions and faster withdrawals across the Ethereum blockchain and layer 2 networks for its $6 billion stablecoin, DAI . The new infrastructure called ...

Tech

Nov. 16, 2022

Matter Labs Nets $200M to Build zkSync Ethereum Scaling Platform

Ethereum development firm Matter Labs has raised a monster $200 million to support the launch of its zkSync V2 rollup network, one of the major platforms vying for dominance in a crowded competition to reduce Ethereum’s fees and increase its tran...

Tech

Nov. 16, 2022

4 Key Takeaways from the FTX Fiasco

Depending upon whom you ask, last week’s FTX blowup feels bigger than when Mt. Gox, the original Bitcoin exchange, fell to ruin in 2014. Bigger than The DAO hack of 2016, which forced Ethereum to fork into two chains as a way to recover user fund...

Tech

Nov. 15, 2022

FTX Accounts Drainer Swaps Millions in Stolen Crypto, Becomes 35th-Largest Ether Holder

Whoever was behind last week’s $600 million exploit of crypto exchange FTX started moving millions of dollars in stolen funds during European morning hours on Tuesday. The funds were siphoned from FTX's crypto wallets late Friday. Soon after, ...

Tech

Nov. 12, 2022

Tether Blacklists Mysterious FTX Wallets as Account Drainer Liquidates MATIC, LINK, AVAX Holdings

The entity behind mysterious fund movements related to FTX crypto wallets has started liquidating token holdings from various networks. Over $12 million in chainlink (LINK) tokens were sold in early Asian hours across two transactions, shortly...

Tech

Nov. 11, 2022

Cosmos Blockchain Founder Kwon Says He Is Against Proposed Changes to ATOM Token

Jae Kwon, founder of the Cosmos blockchain, said he’s against proposed changes that would introduce liquid staking to the system. The introduction of liquid staking, which would allow holders of Comos’ ATOM token to use derivative tokens to earn...

Tech

Nov. 10, 2022

David Chaum Rolls Out Privacy-Protecting CBDC Technology

Will central bank digital currencies (CBDCs) replace cash and bank transfers in the future? And will they be an ultimate tool for financial surveillance and control, or is another, more benign future possible? David Chaum, creator of the Bitcoin...

Tech

Nov. 09, 2022

DeFi Exchange Platform dYdX Places Solana in 'Close Only' Mode

Decentralized exchange dYdX placed Solana trades in “close only” mode, meaning users will only be able to close out their positions on the perpetuals exchange and not open new ones. dYdX cited “market volatility” as its reason for making the...

Tech

Nov. 09, 2022

Vitalik Buterin’s New Ethereum Roadmap Takes Aim at MEV and Censorship

Ethereum was founded on a vague, albeit tightly-held set of principles around financial freedom and credible neutrality. Recently, those principles have been tested. As regulators and big-money players bid for a larger role in Ethereum’s “decent...

Tech

Nov. 08, 2022

JPMorgan: Lessons Learned From the Crypto Crash

Despite the recent crash in cryptocurrency markets, the technology behind stablecoins – a type of cryptocurrency whose value is pegged to another asset, such as the U.S. dollar or gold – will continue to play an important part in the evolution ...

Tech

Nov. 08, 2022

Ethereum Co-Founder Di Iorio Unveils New Project to Bring Blockchain Computers to a Wider Audience

Anthony Di Iorio, the co-founder of Ethereum, Decentral and Jaxx Liberty, unveiled a project he says he’s envisioned, designed and built over the span of a decade. The project, dubbed Andiami, blends game theory with cutting-edge hardware, to bri...

Tech

Nov. 07, 2022

In Praise of White-Hat Hackers, But Overreliance Is Foolish

In August, Nomad, a platform that allows users to transfer tokens between different blockchains, fell victim to a hack that drained its users of nearly $200 million. Instructions on how to execute the attack spread like wildfire across Twitter...

Tech

Nov. 05, 2022

Litecoin Mining Difficulty Is Hitting New Highs, Foundation Says

Litecoin mining difficulty is at a new high, peaking at just under 18 million hashes, according to a post by the Litecoin Foundation on cryptocurrency market data site, coinmarketcap.com . Mining difficulty measures the average number of hash...

Tech

Nov. 03, 2022

‘Hyperbitcoinization’ Is a Few Years Away, Predicts Samson Mow

Eurozone and U.K. inflation rates are at record, double-digit highs , prompting some governments to begin warming up to bitcoin. One evangelist is meeting with officials to accelerate the process. Most people already know El Salvador made bitc...

Tech

Nov. 02, 2022

Ethereum Merge Had ‘All the Ingredients of a Scammer’s Dream,’ Chainalysis Exec Says

There were roughly $2 million in scams before, during and after Ethereum’s Merge , the blockchain’s transition from a proof-of-work ( PoW ) to proof-of-stake ( PoS ) model, according to Chainalysis’ cybercrimes research lead, Eric Jardin. Jardi...

Tech

Nov. 02, 2022

Cross-chain DEX Rubic Loses Over $1M in Funds After Hackers Gain Access to Private Keys

Cross-chain decentralized exchange (DEX) service Rubic was exploited earlier today after attackers gained access to the private keys of an administrator's wallet. “One of our admin’s wallet addresses was compromised. This wallet managed the RBC/...

Tech

Nov. 02, 2022

What to Expect From Ethereum’s Next Big Upgrade

Ethereum’s highly publicized recent update , “the Merge,” radically changed how the second-biggest blockchain network works by eliminating its reliance on cryptocurrency miners and dramatically reducing its energy costs. The network’s next upgra...

Tech

Nov. 02, 2022

Rogue Actor Disrupts Lightning Network With a Single Transaction

A Twitter user by the name “Burak” ( @brqgoo ) sent a large swath of the Lightning Network into turmoil on Tuesday morning, when he allegedly created a non-standard Bitcoin transaction that prevented users from opening new Lightning channels (con...

Tech

Nov. 01, 2022

Elon Musk Tweet Sparks Flurry of Twitter-Themed Dogecoin Tokens

A new class of Shiba Inu-inspired tokens was birthed on BNB Chain and Ethereum this Tuesday a related tweet by technology billionaire Elon Musk. Names like “BabyDogeTwitter,” “dogenaldtrump,” “SpaceTwitterDoge,” and “ElonDogeTwit,” populated the...

Tech

Oct. 31, 2022

Attacker Behind $14.5M Team Finance Exploit Returns $7M

The attacker behind last week’s $14.5 million exploit of crypto launchpad Team Finance has returned some $7 million worth of tokens to four projects over the weekend, data shows. Team Finance suffered a $14.5 million exploit in relation to a sma...

Tech

Oct. 29, 2022

Bitcoin Software Company Synonym Launches Bitkit, a Bitcon Wallet Powered by Slashtags Protocol

LUGANO, SWITZERLAND – Synonym, a Bitcoin software company, has launched Bitkit, a new Bitcoin wallet app that features portable web profiles and passwordless web accounts. The official announcement took place on Saturday at the PlanB Forum Bitco...

Tech

Oct. 28, 2022

Ethereum Scaling Platform zkSync v2 Goes Live Amid Controversy

After a 100-day countdown, Matter Labs released a long-awaited second version of its Ethereum scaling platform, zkSync, on Friday. In the lead-up to the much-hyped “Baby Alpha” launch, zkSync – an Ethereum “rollup” network that offers users the ...

Tech

Oct. 27, 2022

THORChain Suffers an Outage Due to Software Bug

THORChain – a blockchain in the Cosmos ecosystem focused on providing cross-chain liquidity – halted on Thursday as the result of a software bug. THORchain’s development team tweeted that it was aware of the outage, noting that developers “ide...

Tech

Oct. 27, 2022

Brink Emerges as the Top Funder of Bitcoin Core Development, BitMex Research Says

Brink, the nonprofit Bitcoin research and development firm, has emerged as the leading backer of Bitcoin developers and reviewers, according to a presentation by crypto research firm BitMex Research. Brink has funded more active Bitcoin Core d...

Tech

Oct. 27, 2022

Google Introduces Cloud-Based Blockchain Node Service for Ethereum

Tech giant Google announced Thursday that it will be launching a cloud-based node engine for Ethereum projects. The company said its Google Cloud Blockchain Node Engine would be a “fully managed node-hosting service that can minimize the need ...

Tech

Oct. 27, 2022

Qué es el código abierto y por qué es tan importante para bitcoin y otras criptomonedas

El código abierto es uno que se publica online. Cualquiera puede usarlo para sus propios fines, analizarlo en busca de errores o proponer nuevos cambios o funciones.  El código abierto es la columna vertebral de Bitcoin , Ethereum y los s...

Tech

Oct. 26, 2022

Kollider Raises $2.4M to Build ‘Lightning-Native’ Financial Products

Bitcoin derivatives exchange Kollider has closed a $2.35 million seed funding round that was led by Lemniscap, with participation from Castle Island Ventures, Polychain Capital, Alameda Ventures, Pfeffer Capital, Okex and other investors. The fi...

Tech

Oct. 26, 2022

Binance Launches Native Oracle Network, Starting With BNB Chain

Binance, the world's largest crypto exchange by volume, launched its native oracle service on Wednesday to enable smart contracts to run on real-world inputs and outputs, starting with the BNB Chain ecosystem. Oracles are third-party services th...

Tech

Oct. 26, 2022

Axelar and Polygon Supernets Team Up to Provide Cross-Chain Interoperability

Blockchain Interoperability Network Axelar said Wednesday it will deliver cross-chain communications for Polygon’s Supernets. Polygon’s Supernets are customizable networks without any operational costs. This gives developers the ability to build...

Tech

Oct. 26, 2022

Ethereum’s Layer 2 Rollups Reduce Costs, but the Risks Are Underappreciated

It’s no secret that Ethereum can be prohibitively slow and expensive. The blockchain became virtually unusable for most people at the peak of crypto’s most recent hype cycle, when something as simple as swapping one token for another could have c...

Tech

Oct. 25, 2022

Compound Pauses YFI, ZRX, BAT and MKR Supply to Protect Against Potential Exploits

Decentralized finance (DeFi) application Compound has paused the supply of four prominent tokens to protect users against a potential market manipulation attack – a new type of exploit that has seen over $100 million in stolen funds this month al...

Tech

Oct. 25, 2022

Polygon-Based DeFi Platform QuickSwap Closes Lending Service Following Exploit

Polygon-based decentralized finance platform QuickSwap closed its lending services for users following a flash loans exploit for over $220,000 worth of tokens on Monday. Blockchain data shows the attackers manipulated token prices by borro...

Tech

Oct. 24, 2022

'Hyperbitcoinization' Is Coming to an Emerging Market Near You, Paxful's Ray Youssef Says

Satoshi Nakamoto, the pseudonymous founder of Bitcoin, once famously said , “Bitcoin would be convenient for people who don’t have a credit card.” According to the World Bank , that’s at least 1.4 billion people. Most of those folks reside in ...

Tech

Oct. 21, 2022

Web3 Developers Still Building Despite Crypto Winter

Despite the big decline in crypto prices, developers are stepping up their pace to build applications with blockchain technology, Jason Shah, a product manager at Web3 development company Alchemy, said Friday on CoinDesk TV’s “ First Mover ” prog...

Tech

Oct. 21, 2022

Sui Network Turns to Mist Units to Improve Payment Efficiency

Developers of the Sui Network introduced Mist units for the project’s native SUI tokens in a move geared towards more efficient micropayments. Mist is not a separate token, but functions similar to how 100 cents become $1. Each SUI will be broke...

Tech

Oct. 20, 2022

DeFi Exchange Mango's $114M Exploit Was 'Market Manipulation,' Not a Hack, Ex-FBI Special Agent Says

The $114 million in funds siphoned out of decentralized crypto exchange (DEX) Mango Markets wasn’t the result of a hack, according to former FBI Special Agent Chris Tarbell. Tarbell, who previously worked at the FBI's cybercrime squad in New Y...

Tech

Oct. 20, 2022

Binance Denies Allegations That it Intends to Use Users Uniswap Tokens for Voting

Crypto exchange Binance denied allegations of misusing its users’ token holdings to exercise voting power on the Uniswap decentralized autonomous organization (DAO). “Binance doesn’t vote with user’s tokens. In this case, there has been a misund...

Tech

Oct. 19, 2022

Blockchain Technology Could Be ‘Massive Disruptor’ for TradFi, Says Franklin Templeton CEO

Blockchain technology has the potential to be a massive disruptor to the traditional financial services industry, says Jenny Johnson, CEO of investment management giant Franklin Templeton. Johnson told CoinDesk TV the firm has survived for 75 ye...

Tech

Oct. 19, 2022

Binance Becomes Second-Largest Voting Entity on Uniswap DAO

Binance, the world’s largest centralized crypto exchange, recently became the second most powerful voting member of the DAO governing Uniswap, the world’s most prominent decentralized crypto exchange. Uniswap founder Hayden Adams alleged on T...

Tech

Oct. 19, 2022

Will Censorship Fork Ethereum?

Ethereum may soon split into two, according to some developers. As the second largest blockchain network vies for mainstream acceptance, it has increasingly fallen under the microscope of governments and regulators eager to tame the platform. Th...

Tech

Oct. 18, 2022

FTX, a16z-Backed Aptos Blockchain Off to a Rocky Start

Aptos, a new Layer 1 blockchain established by former Meta employees who worked on its Diem platform, is not living up to its expectations according to on-chain data from its first day of transactions. On-chain data from Aptos’ block explorer sh...

Tech

Oct. 17, 2022

La próxima gran actualización de Ethereum, Shanghai, ya tiene una testnet

Los desarrolladores de Ethereum ya pueden comenzar a probar sus próximas actualizaciones del protocolo en la nueva red de prueba, también conocida como testnet, Shandong. Read this article in English . Se espera que la actualización Shan...

Tech

Oct. 17, 2022

The Next Major Ethereum Upgrade, Shanghai, Now Has a Testnet

Ethereum developers can start testing out their next upgrades to the protocol on the new “Shandong” test network (testnet). The Shanghai upgrade, for which Shandong is the testnet, is projected to happen at some point in 2023. It will be Ethereu...

Tech

Oct. 17, 2022

Bridge Security Is ‘Unresolved Technical Challenge,’ Chainalysis Research Director Says

The crypto industry needs to overcome its issues with bridge security, according to Kimberly Grauer, director of research at software company Chainalysis Inc. “Bridge security is an unresolved technical challenge in the industry,” Grauer said du...

Tech

Oct. 17, 2022

Ripple testea la sidechain de XRP Ledger compatible con los contratos inteligentes de Ethereum

Ripple puso a prueba una forma para que los desarrolladores implementen sin tanto esfuerzo contratos inteligentes hechos para Ethereum en la blockchain de XRP Ledger (XRPL). Read this article in English . La Ethereum Virtual Machine (EVM...

Tech

Oct. 17, 2022

Ripple Begins Testing XRP Ledger Sidechain That’s Compatible With Ethereum Smart Contracts

Ripple is testing a way for developers to deploy smart contracts made for the larger and more popular Ethereum on its XRP Ledger (XRPL) blockchain with little effort. The Ethereum Virtual Machine (EVM) is the software that runs smart contracts ...

Tech

Oct. 17, 2022

TempleDAO Exploiter Moves Ether Worth Over $2.5M to Tornado Cash

The attacker behind last week’s exploit of decentralized finance (DeFi) protocol TempleDAO has moved the entirety of the illicitly-gained process to privacy mixer Tornado Cash over several transactions in the past 24 hours. Temple DAO, which a...

Tech

Oct. 17, 2022

LiveArtX's Seven Treasuries NFT Collection Stolen, Exploiter Breaks Floor Price

Non-fungible token (NFT) platform LiveArtX saw several NFTs of its Meta-morphic: Seven Treasures Collection stolen early Monday. The exploiter gained access to the platform's treasury wallet and transferred 197 NFTs to a wallet with the address ...

Tech

Oct. 14, 2022

Censored Ethereum Blocks Hit the 51% Threshold Over the Past 24 Hours

The Ethereum blockchain reached a new censorship milestone Friday when 51% of the blocks produced over the last 24 hours followed the U.S. Treasury Department's Office of Foreign Assets Control (OFA) compliance recommendations. With that, the ma...

Tech

Oct. 14, 2022

Flashbots Reveals New Version of Its Key Ethereum Software

Flashbots, whose software plays a pivotal role in the Ethereum blockchain ecosystem, said Friday that for the past year it has been developing a new version of the technology. The company announced this at Devcon in Bogota, Columbia, the bigges...

Tech

Oct. 14, 2022

Bitcoin Gaming and Payments Company ZEBEDEE Launches New Open Source Bitcoin Initiative

Bitcoin gaming and payments company ZEBEDEE announced the launch of its “No Big Deal” (NBD) nonprofit organization that aims to advance open-source Bitcoin development. NBD comes out of the gate with several projects that deal with “hosted chann...

Tech

Oct. 14, 2022

Uniswap to Deploy on Privacy-Focused zkSync Following Community Vote

Decentralized exchange (DEX) Uniswap will soon be deployed on privacy-focused layer 2 solution zkSync following the completion of a governance vote . Uniswap is a smart contracts-based crypto exchange with its governance token, UNI, which allow...

Tech

Oct. 13, 2022

A dos semanas de terminar, octubre registra la mayor cantidad de hackeos cripto de la historia

Octubre ya se convirtió en el peor mes de la historia en lo que se refiere a delitos relacionados con criptomonedas con más de US$718 millones en pérdidas totales, y eso que todavía faltan dos semanas para que termine. Read this article in E...

Tech

Oct. 13, 2022

October Becomes Worst Month for Crypto Hacks With Two Weeks to Go

October has become the worst-ever month for crypto-related crimes with over $718 million in overall losses, and that’s with two more weeks to go before the month ends. Data pointed out by Chainalysis on Thursday noted that the amount was stolen ...

Tech

Oct. 12, 2022

Curve DAO Proposal to Enable Easier CRV Rewards Passes With Overwhelming Support

A proposal to enable rewards originating from stablecoin swap application Curve on third-party applications passed with overwhelming support from the community earlier today, results of the poll from Curve’s governance forums show. Depositors on...

Tech

Oct. 12, 2022

Ethereum’s Second- Layer Projects Duke It Out for Dominance

An update to Ethereum last month dubbed “The Merge” cut the second-largest blockchain’s energy costs by more than 99%, but it didn’t address its largest barriers to user adoption: high fees and slow speeds. As more updates aimed at these problem...

Tech

Oct. 11, 2022

River Financial Offers Payment Gateway for Bitcoin’s Multi-Asset Upgrade

River Financial, a San Francisco-based Bitcoin technology and financial services company, has unveiled River Lightning Services (RLS), a payments gateway that utilizes a forthcoming upgrade to the Lightning Network, Bitcoin's scalability protocol...

Tech

Oct. 11, 2022

New Metis Rollup Tech Addressees Ethereum Scalability for Businesses

The MetisDAO Foundation, the organization behind layer 2 platform Metis, has released Smart L2, a new Optimistic rollup technology that tackles Ethereum’s scalability issues with business users in mind. The Metis team notably includes Natalia Am...

Tech

Oct. 11, 2022

Block Subsidiary Spiral, Mining Tech Firm Braiins Spearhead Push for Bitcoin Mining Upgrades

Block (SQ) subsidiary Spiral and bitcoin mining tech provider Braiins are spearheading a working group to promote the adoption of updates to the bitcoin mining pool protocol. The upgrade is the second version of the Stratum protocol, which is us...

Tech

Oct. 10, 2022

Ethereum Scaling Tool Polygon Launches its zkEVM Public Testnet

Polygon announced that its zkEVM public testnet went live today, which the company described as “the next step for Ethereum”. Polygon is a scaling tool aiming to facilitate lower cost transactions, and uses the Ethereum blockchain as its base pr...

Tech

Oct. 10, 2022

Crypto and Payments Firm MobileCoin Launches New Stablecoin – ‘Electronic Dollars’

Privacy-focused cryptocurrency and payments firm MobileCoin, in collaboration with stablecoin platform Reserve , has launched a new stablecoin dubbed “Electronic Dollars” (eUSD). The company says eUSD is fully collateralized and is uniquely desi...

Tech

Oct. 06, 2022

Lido’s stETH Token Expands to Layer 2 Networks Optimism and Arbitrum

Lido, the leading liquid staking solution on Ethereum, said Thursday it will support a wrapped version of its popular staked ether (stETH) token to Ethereum Layer 2 networks Arbitrum and Optimism. Lido is now on L2 🏝️ Bridge your staked ET...

Tech

Oct. 06, 2022

Bitcoin Mining Is About Get Tougher With Difficulty Primed for Another Sharp Rise

Bitcoin miners are about to face another tough challenge in an already depressed market, as the difficulty of mining a bitcoin ( BTC ) block is set to see another large increase early next week, weighing further on profit margins. The metric a...

Tech

Oct. 05, 2022

What’s Going On With Ethereum’s MEV-Boost?

Soon after the U.S. Treasury’s Office of Foreign Asset Control (OFAC) blacklisted the Tornado Cash mixer program in August, Ethereum research and development firm Flashbots announced that it would, in accordance with U.S. Treasury Department sa...

Tech

Oct. 04, 2022

Etherscan Set to 'Deprecate' Ethereum’s Ropsten and Rinkeby Testnets

The process of phasing out Ethereum’s Ropsten and Rinkeby test networks (testnets) starts Wednesday when blockchain explorer Etherscan shuts down its infrastructure support for them. This means developers should move their testing activities over...

Tech

Sep. 28, 2022

Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin

The collapse of Terra in May left a vacuum in the Cosmos ecosystem, where Terra’s UST stablecoin – which was algorithmically pegged to the U.S. dollar – was used heavily across Cosmos’ interconnected family of blockchains. Now, with the help ...

Tech

Sep. 28, 2022

Lightning Labs Releases Software to Allow Bitcoin Developers to Mint and Transfer Assets on the Blockchain

Lightning Network infrastructure firm Lightning Labs has released a test version of the Taro daemon , a new piece of software that will allow Bitcoin developers to create, send and receive assets on the Bitcoin blockchain. Taro is a Taproot -p...

Tech

Sep. 28, 2022

Stanford Proposal for Reversible Ethereum Transactions Divides Crypto Community

A group of Stanford University blockchain researchers divided the crypto community last week with a research proposal that would entertain the possibility of creating reversible transactions on Ethereum. The proposal was welcomed by those who be...

Tech

Sep. 26, 2022

Filecoin, un proyecto cripto para compartir archivos, registra un fuerte crecimiento antes del lanzamiento de la FVM

El protocolo descentralizado de intercambio de archivos Filecoin multiplicó casi por siete la cantidad de proveedores desde el comienzo del 2022, previo a los planes de llevar a cabo una importante actualización a principios del 2023. Read this...

Tech

Sep. 26, 2022

Aragon Network Holding Votes on Key Parts of Shift to a New DAO Structure

Members of the Aragon Network (AN DAO), which is open-source software that lets users create and manage Decentralized Autonomous Organizations , are voting on key parts of its planned transition to a new organizational structure. The first vote...

Tech

Sep. 26, 2022

New Cosmos White Paper Revamps Cosmos Hub, ATOM Token

A new white paper released at the Cosmoverse conference in Medellín, Colombia, today proposes major expansions to the utility of the Cosmos Hub – the blockchain that sits at the center of the Cosmos blockchain ecosystem. The paper also spells o...

Tech

Sep. 26, 2022

Filesharing Crypto Project Filecoin Reports Strong Fundamental Growth Ahead of FVM Launch

Decentralized filesharing protocol Filecoin saw a nearly sevenfold growth of data suppliers since the start of 2022, ahead of plans for a major upgrade in early 2023. At the FIL Singapore event on Monday, attended by CoinDesk, Colin Evran, co-le...

Tech

Sep. 22, 2022

Cardano’s Vasil Upgrade Marks an Important Milestone in the Blockchain’s Evolution

The average crypto watcher, aware that Ethereum has just completed its long-awaited transition to a proof-of-stake validating system, may be wondering what the overall takeaway is from Thursday’s Vasil hard fork upgrade on the Cardano blockchai...

Tech

Sep. 22, 2022

Bernstein: Arbitrum Has Strongest User Momentum Among Leading Blockchains

Arbitrum has the strongest user and transaction momentum among leading blockchains, Bernstein said in a research report Wednesday. The chain, a so-called rollup for Ethereum, is expected to maintain its strength, having increased its lead in b...

Tech

Sep. 22, 2022

Helium Ditches Own Blockchain in Favor of Solana After Community Vote

Helium community members have voted to move the decentralized WiFi network from its blockchain, officially known as HIP 70, to the Solana blockchain. The HIP 70 proposal concluded voting early Thursday morning, with some 81% voting in favor of m...

Tech

Sep. 21, 2022

Bitcoin Lightning-Enabled ‘Listen-to-Earn’ Podcast App Gets an Upgrade

Bitcoin listen-to-earn podcast app, Fountain Podcasts , now allows its listeners to get paid in bitcoin ( BTC ) for their first hour of listening per day. Founded last year, Fountain uses the Lightning Network – a layer 2 network built on top...

Tech

Sep. 21, 2022

Introducing ‘Women Who Web3’ – CoinDesk’s Newest Podcast

When Kamala Alcantara showed up this summer at Consensus 2022 in Austin, Texas, she knew she was in for an amazing experience, but she never imagined that her time at the festival would lead to her becoming CoinDesk’s newest podcast host. In...

Tech

Sep. 21, 2022

Evaluating Ethereum: 1 Week After the Merge

Last week, Ethereum made its historic shift from proof-of-work to proof-of-stake – officially abandoning the energy-intensive, miner-based system that it had previously used to process updates to its decentralized ledger. In crypto circles, ...

Tech

Sep. 21, 2022

Push to Cut Ethereum Network Fees Opens Funds-Draining Bug in Scaling Tool Arbitrum

The rush to find a way of lowering transaction costs on the Ethereum blockchain led developers behind scaling tool Arbitrum to miss a change in the latest version that would have allowed attackers to steal all funds sent to the network. Arbitrum...

Tech

Sep. 20, 2022

What Cardano’s Highly Anticipated Vasil Hard Fork Will Bring

On Thursday, Sept. 22, the Cardano blockchain will carry out its much-anticipated Vasil hard fork , a backward-incompatible upgrade taking place on the main network that is intended to enrich smart contract capabilities, increase the chain’s thr...

Tech

Sep. 19, 2022

THNDR Games Launches Play-to-Earn Bitcoin Solitaire Mobile Game

Bitcoin gaming company, THNDR Games (THNDR) has released a play-to-earn (P2E) mobile version of Solitaire called “Club Bitcoin: Solitaire.” The game will allow players to earn bitcoin while playing one of the most popular and most recognizable ...

Tech

Sep. 19, 2022

Ethereum PoW Sees 'Replay' Exploit For 200 ETHW Days After Rocky Start

Ethereum PoW, the version of the Ethereum blockchain that continues to run on a proof-of-work (PoW) consensus mechanism, experienced a replay exploit over the weekend due to a faulty third-party contract . Developers of Ethereum PoW were alerte...

Tech

Sep. 16, 2022

El 90% de los mineros PoW quedará en bancarrota, según el minero de Ethereum Chandler Guo

La vida se volvió un poco más complicada para los mineros de ether (ETH) desde la la actualización de la blockchain de Ethereum conocida como fusión o merge . Read this article in English . Con el cambio a un sistema proof-of-stake ,...

Tech

Sep. 16, 2022

Ethereum Miner Chandler Guo Predicts 90% of PoW Miners Will Go Bankrupt

Life has gotten harder for ether (ETH) miners since the Ethereum blockchain's Merge upgrade. With the change to a proof-of-stake system, miners and their energy-burning computers are no longer needed to validate transactions. Read more: ...

Tech

Sep. 16, 2022

Ethereum PoW Network Sees Complaints on Day 1 Amid Data Goof-Up

Ethereum PoW, the version of the Ethereum blockchain that continues to run on a proof-of-work (PoW) consensus mechanism, experienced a dismal first day as it ran into teething problems. Some Twitter users complained they were not able to acc...

Tech

Sep. 15, 2022

ETH May Already Be Showcasing Increased Signs of Centralization

In the hours following Ethereum’s long-awaited Merge on Thursday, over 40% of the network’s blocks were added by just two entities: Coinbase and Lido. The shift from proof-of-work (PoW) to proof-of-stake (PoS) was framed by developers as a...

Tech

Sep. 15, 2022

La fusión de Ethereum podría traer mil millones de usuarios a Web3, según el cofundador de Polygon

La fusión —también conocida como merge — de Ethereum es un gran paso para la comunidad y podría ser un camino hacia la adopción generalizada, según Sandeep Nailwal, cofundador de Polygon Technology, un protocolo que se ejecuta una plataforma...

Tech

Sep. 15, 2022

La fusión de Ethereum ya es un hecho y abre una nueva era para la segunda blockchain más grande

La enorme revisión de Ethereum conocida como merge —o fusión en español— por fin se llevó a cabo y trasladó la maquinaria digital del centro de la segunda criptomoneda más importante a un sistema mucho más eficiente en materia energética tras...

Tech

Sep. 15, 2022

Ethereum’s Merge Could Bring a 'Billion Users' to Web3, Polygon Co-Founder Says

Ethereum’s successful Merge is a huge step for the community and could be a pathway toward mainstream adoption , according to Sandeep Nailwal, co-founder of Polygon Technology, which runs a so-called "layer 2" platform that's built on top of...

Tech

Sep. 15, 2022

El hashrate de Ethereum Classic y Ravencoin se duplican tras el merge

El poder computacional —o hashrate— de las blockchains de Ethereum Classic y Ravencoin se duplicó pocas horas después de que el minado se volviera obsoleto para la red de Ethereum que otorgaba ether (ETH), la segunda criptomoneda más grande del m...

Tech

Sep. 15, 2022

Pivotal Ethereum Merge Brings 'Sell-The-Fact' Price Move in Crypto Markets

The price of ether ( ETH ) tumbled suddenly in cryptocurrency markets Thursday, ending a stretch of price stability that prevailed in the hours after the Ethereum blockchain completed its historic shift to a more energy-efficient "proof-of-stake"...

Tech

Sep. 15, 2022

Ethereum Classic and Ravencoin's Hashrate Nearly Doubles After Merge

Computing power on the Ethereum Classic (ETC) and Ravencoin (RVN) networks, or hashrate, has nearly doubled a few hours after mining was rendered obsolete on the Ethereum network, which underpins the world's second-largest cryptocurrency by marke...

Tech

Sep. 15, 2022

Meet 8 Ethereum Developers Who Helped Make the Merge Possible

Ethereum co-founder Vitalik Buterin’s original vision for the network always included a future transition from proof-of-work (PoW), its old miner-based system for processing transactions, to proof-of-stake (PoS), a new, greener method for powe...

Tech

Sep. 15, 2022

Crypto Miner F2Pool Mined the Last-Ever PoW Ether Block Before Merge

Crypto miner F2Pool mined the last-ever block of proof-of-work (PoW) ether (ETH) as the network shifted to a proof-of-stake (PoS) earlier this morning. The last ether block before the Merge was 15537393, data shows . F2Pool paid some 29,991,429...

Tech

Sep. 15, 2022

Ether Price Trades Flat After Successful Ethereum Merge

The price of Ether moved less than 1% to $1,605 during the first few minutes after the merge, remaining effectively flat during the Asia trading day. In the two-week run-up to the Merge, the price of ether was up 4% but remains down 15.5% on ...

Tech

Sep. 15, 2022

The Ethereum Merge Is Done, Opening a New Era for the Second-Biggest Blockchain

The massive overhaul of Ethereum known as the Merge has finally happened, moving the digital machinery at the core of the second-largest cryptocurrency to a vastly more energy-efficient system after years of development and delay. It was no ...

Tech

Sep. 14, 2022

Bitcoin After the Ethereum Merge: Experts Weigh In

Ethereum, the blockchain behind ether ( ETH ), the second-largest cryptocurrency by market cap, and worth almost $200 billion, will attempt to do what no major blockchain has ever done – switch consensus mechanisms (how computers agree on the sta...

Tech

Sep. 14, 2022

Ethereum Merge Could Shine Light on Chinese Mining Influence, Says VC

Ethereum’s Merge may reveal whether Chinese miners still have an influence on the crypto industry, said Matthew Graham, CEO of Beijing-based crypto investment firm Sino Global Capital. “It will be telling about how much market power Chinese O...

Tech

Sep. 14, 2022

Ethereum's Biggest Mining Pool to Stop Offering Services for the Network

Ethermine, the world's largest Ethereum mining pool, will stop offering proof-of-work (PoW) services after the network's switch to proof-of-stake (PoS) but will not be following up with services for the planned PoW forks . The Ethereum network ...

Tech

Sep. 14, 2022

Monitoring the Merge: What a Successful Ethereum Upgrade Will Look Like

All eyes in the cryptosphere are set on “the Merge,” Ethereum’s long-awaited update to a new, greener, method for processing transactions. The update, which will see the second-largest blockchain network ditch its power-hungry miners once and f...

Tech

Sep. 13, 2022

Solana Co-Founder Sees Upside From Ethereum’s Merge, Saga Web 3 Mobile

Ethereum’s anticipated Merge could be the beginning of the blockchain’s expansion on a wider scale, according to Raj Gokal, chief operating officer at technology company Solana Labs. “It’s one step for Ethereum in a long road map toward having...

Tech

Sep. 13, 2022

Linux Foundation Project Will Tackle Digital Wallet Interoperability

The Linux Foundation, a nonprofit dedicated to open-source software development, plans to form the OpenWallet Foundation (OWF), a collaborative effort to encourage the development interoperable digital wallets for a variety of use cases. The OWF...

Tech

Sep. 12, 2022

Ether May ‘Inevitably’ Turn Into a Store of Value After Ethereum’s Merge, Consensys Economist Says

Ethereum’s historic Merge may change the way its native token, ether (ETH), is used, according to Lex Sokolin, head economist of decentralized protocols at software company ConsenSys. “A fairly large portion of people are going to be staking t...

Tech

Sep. 12, 2022

Suggestions That Bitcoin Halving Might Come Sooner Are Mostly Wrong

Bitcoin’s hashrate – the computational effort required to secure the network – is teetering on historical highs, raising concerns from a few people on Twitter about an accelerated Bitcoin halving schedule. (the reward for mining a block is halved...

Tech

Sep. 12, 2022

Cream Finance Exploiter Converts $1.75M in Stolen Funds to Bitcoin

An attacker behind one of Cream Finance’s several exploits converted roughly $1.75 million in stolen funds on Monday, blockchain data shows. The address has now moved some 607 bitcoin in stolen funds so far since the exploits. Tracking tool Mist...

Tech

Sep. 07, 2022

Ethereum’s Merge Could Boost the Public's Perception of Crypto Overall

The Ethereum blockchain's software update called the Merge could change the public's perception of both the network and crypto generally, according to journalist and author Laura Shin. "There's a lot riding on this," Shin, the host of the "Un...

Tech

Sep. 07, 2022

Binance Seeks to Rev Up Its BNB Blockchain With Tech That Got Traction on Ethereum

Binance, the world’s biggest crypto exchange by volume, is seeking to speed up transaction times and reduce fees for its BNB blockchain, becoming one of the largest players yet to embrace a technology known as a zero-knowledge (ZK) rollup. The u...

Tech

Sep. 07, 2022

Ethereum Merge: What You Need to Know

We’ve spent the past several weeks of this newsletter wading into deep technical and philosophical debates around future of Ethereum – with topics ranging from maximal extractable value (MEV), to the threat of censorship on Ethereum, to what make...

Tech

Sep. 07, 2022

DeFi Platform Curve Finance Takes First Steps Toward crvUSD Stablecoin

Prominent stablecoin swap application Curve Finance is nearing the launch of its native stablecoin, dubbed crvUSD, as per the initial code released by its developers on Tuesday. The code library will act as an interface to the yet-undeployed c...

Tech

Sep. 06, 2022

What the Merge Could Mean for Ethereum and Its Developers

Ethereum’s impending Merge – the long-discussed update of the blockchain's software from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism – could prompt a global wave of people using the blockchain , including for global...

Tech

Sep. 06, 2022

The Final Countdown to the Ethereum Merge Has Officially Begun

Ethereum’s Merge is officially underway and will likely kick in sometime between Sept. 13-16. The Bellatrix upgrade was activated today which marks the beginning of the transition of Ethereum’s proof-of-work (PoW) chain to the proof-of-stake ...

Tech

Sep. 02, 2022

Bitcoin's Price May Crash After Ethereum's 'Merge,' Researcher Says

Kyle McDonald, an independent researcher, predicts that the Bitcoin network may be "regulated away," causing the price of bitcoin to collapse. He recommends selling bitcoin now. The reason is that after the Ethereum blockchain switches to a dras...

Tech

Sep. 02, 2022

Blockchain Cardano’s Vasil Upgrade Confirmed for Sept. 22

Cardano’s Vasil hard fork upgrade is now scheduled to take place on the blockchain's mainnet, or live system, on Sept. 22, Input Output (IOG), the blockchain’s development lab, announced in a tweet thread on Friday. Vasil is a major upgrade de...

Tech

Sep. 01, 2022

DeFi Platform Kyber Network Discloses $265K Exploit, Vows to Reimburse All Funds

Kyber, a multi-chain decentralized finance (DeFi) platform, discovered a vulnerability to its website code that allowed exploiters to run away with approximately $265,000. Two “whale” addresses appeared to be impacted by the attack, according to...

Tech

Sep. 01, 2022

Helium Developers Propose Shifting Network to Solana Blockchain For Faster Speeds

The developers behind decentralized telecommunications network Helium have proposed shifting the entirety of the protocol to Solana citing faster transaction speeds, high uptimes and more interoperability with other blockchains as key reasons. H...

Tech

Aug. 31, 2022

Can Ethereum Out-Engineer the Censors by 'Shuttering' the Beacon Chain?

In a previous edition of the Valid Points newsletter, we dove headfirst into the debate around censorship on Ethereum . We focused on the role that validators – the computers that propose blocks of transactions on Ethereum’s upcoming proof-of-st...

Tech

Aug. 30, 2022

Bitcoin Mining Difficulty Poised to Spike by Most Since January Amid Colder Weather

The difficulty of mining bitcoin (BTC) is expected to grow by around 9% on Wednesday as miners in North America begin ramping up production ahead of the cooler months. It will be one of the biggest upticks since August 2021, when miners began to...

Tech

Aug. 30, 2022

Can Privacy-Focused Bitcoin Projects Avoid OFAC Sanctions?

The U.S. blacklisting of Ethereum addresses connected to the Tornado Cash mixing service raises uneasy questions about Bitcoin’s immunity to government meddling. The oldest and most valuable cryptocurrency network has faced down the threat o...

Tech

Aug. 26, 2022

Web3 Domain Name Service Could Lose Its Web Address Because Programmer Who Can Renew It Sits in Jail

When members of the ENS DAO community go to its eth.link website, all they’ll see now is an empty page with a green domain expiration notice banner at the top. That’s because the only person with the authority to renew the domain, Virgil Griff...

Tech

Aug. 26, 2022

DeFi Platform Synthetix's Founder Proposes Capping Token Supply at 300M, Here’s Why

The founder of the popular decentralized finance (DeFi) platform Synthetix has proposed capping the supply of its native SNX tokens to a fixed 300 million as the protocol gains revenue from newer products. Kain Warwick, founder at Synthetix, exp...

Tech

Aug. 26, 2022

Compound's Upgraded DeFi Lending Platform Targets Security, Scalability

The latest version scales back the number of supported tokens on the protocol and improves safety and scalability features. Compound has launched a new version of its decentralized finance (DeFi) lending platform, Compound v3. The limited prod...

Tech

Aug. 25, 2022

Web3 Workplace Platform Coordinape Launches Decentralized Compensation Tool for DAOs

Coordinape, a Web3 platform that helps decentralized autonomous organizations (DAOs) manage and distribute resources to working contributors, has launched a decentralized way to pay people. CoVaults are self-custody smart contracts that enable te...

Tech

Aug. 25, 2022

The Graph Adds Gnosis Chain to Its Decentralized Blockchain Indexing Protocol

The Graph Foundation, the organization supporting the blockchain indexing platform The Graph, said Thursday that Gnosis Chain (GNO) will be the first chain beyond Ethereum to be supported on The Graph Network (GRT). It also announced a $9 million...

Tech

Aug. 25, 2022

Decentralized Exchange THORSwap to Support Cross-Chain Swaps for Over 4,300 Ethereum-Based Tokens

The developers behind THORChain-based decentralized exchange (DEX) THORSwap this week said the protocol had added more than 4,300 Ethereum-based tokens to its cross-chain liquidity aggregator – a move that allows users to swap them into other s...

Tech

Aug. 24, 2022

Crypto Exchange Coinbase Introduces Liquid Staking Token Before Ethereum Merge

Coinbase (COIN) will introduce its own liquid staking token called, Coinbase Wrapped Staked ETH (cbETH), ahead of the Ethereum blockchain’s Merge in September, the crypto exchange said in a tweet Wednesday. The token will be Ethereum-based and...

Tech

Aug. 24, 2022

The Ethereum Merge Has an Official Kick-Off Date

The Ethereum Foundation announced today the official parameters for the long-awaited Merge upgrade. The Bellatrix upgrade will activate on the Beacon Chain on Sept. 6. This upgrade is responsible for setting the rest of the Merge process in ...

Tech

Aug. 24, 2022

Tron Consumes 99.9% Less Power Than Bitcoin and Ethereum, Crypto Researcher Says

Low power requirements of the Tron network make it one of the most environmentally friendly blockchains, the Crypto Carbon Ratings Institute (CCRI) said in a report on Wednesday. CCRI is a research group focused on lowering carbon emissions for...

Tech

Aug. 24, 2022

Ethereum Proof-of-Work Forks: Gift or Grift?

Ethereum is finally set to embark on its long-awaited transition to proof-of-stake. With this major update slated to happen sometime next month, controversy and questions abound around what will happen to the deprecated proof-of-work network post...

Tech

Aug. 23, 2022

As Censorship on Ethereum Begins, Could This Open-Sourced Code Help Counter It?

Flashbots, the team of developers behind MEV-Boost, a critical piece of software for the next phase of Ethereum, has decided to accelerate the open-sourcing of some of its code as the broader Ethereum community frets over looming risks of transac...