Based Rollups pitched as fix to Ethereum incentives amid L2 fee debate
Some commentators note that Based Rollups align incentives between Ethereum layer 2 and its base layer validators, which could result in deflationary issuance again.
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Binance recovers $5.8M in funds connected to Ronin bridge exploit
Unfortunately, a vast majority of the stolen funds still remain in the hands of the hacker. 412 Total views 18 Total shares Via a Twitter post on Friday, Changpeng Zhao, CEO of Binance, said that the cryptocurrency exchange recovered $5.8 million spread over 86 accounts in digital assets moved to the exchange by Lazarus Group.…
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Is BTC price about to retest $20K? 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of February in a newly bearish mood as multi-month highs fail to hold.In what may yet bring vindication to those predicting a major BTC price comedown, BTC/USD is back under $23,000 and making lower lows on hourly timeframes.Feb. 6 trading may not yet be underway in Europe or the…
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Former US solicitor general claims regulators want to ‘debank’ crypto
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.
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Polygon upgrade quietly fixes bug that put $24B of MATIC at risk
“Considering how much was at stake, I believe our team has made the best decisions possible given the circumstances,” said Polygon’s co-founder Jaynti Kanani. 1696 Total views 49 Total shares Ethereum-based layer two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token MATIC at risk. According…
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ApeCoin (APE) hits a new all-time high ahead of this week’s Otherside land auction
APE price continues to hit new all-time highs as BAYC, MAYC and NFT investors prepare for the highly anticipated Otherside land auction. 238 Total views 36 Total shares The nonfungible token (NFT) and Metaverse sectors have been the bright spots in an otherwise sideways crypto market in 2022 and proof of this comes as APE…
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Crypto Biz: 3AC’s founders are nowhere to be found
In the world of crypto, there’s no such thing as “too big to fail.” Three Arrows Capital, once the most recognizable hedge fund in the industry, has essentially gone belly-up after its founders believed their own hype and decided to go full-degen mode during the worst macro climate of a generation. Since the proverbial shit…
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‘We’ll see about 200 chains connected through Cosmos’ IBC next year’, says Tendermint CEO Peng Zhong
Ever since the launch of the inter-blockchain communications, or IBC, protocol in March, which enabled the communication and transfer of digital assets across different blockchains, development activity seems to have picked up pace on the Cosmos (ATOM) network.Transaction volumes, the creation of decentralized applications, and the number of chains connected via IBC have all been…
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Orchid Labs Secures $7 Mln Towards Development of Protocol to End Internet Surveillance
United States-based blockchain and software development firm Orchid Labs has raised another $7 million within its latest private offering, according to a blog post published on May 7.Following the new raise, Orchid now has secured $43 million out of targeted funding of around $125 million, as the firm specified in a filing to the U.S.…