Ethereum

Blockchain technology has been experiencing a tumultuous journey in East Asia, especially in China. Recent news reports have shed light on various issues plaguing the industry, from legal battles surrounding Bitcoin loans to the unexpected shutdown of the Multichain cross-chain bridge. Additionally, rumors of arrests and declining reserves have cast a shadow over cryptocurrency exchange

The co-founder and CEO of zkSync creator Matter Labs, Alex Gluchowski, has found himself in the midst of controversy. Polygon Zero, a zero-knowledge scaling firm, has accused Matter Labs of copying code from their system without proper attribution. In a blog post, Polygon Zero claimed that Matter Labs had incorporated what they referred to as

As uncertainty looms over Curve exposure in many decentralized finance (DeFi) protocols, the founder of Aave Chan, Marc Zeller, has put forward a proposal suggesting that Aave Treasury purchases $2 million worth of CRV tokens in USDT from Curve founder Michael Egorov. This strategic move aims to demonstrate DeFi’s support for DeFi, while at the

Artificial intelligence (AI) has become a crucial component in various industries, revolutionizing the way businesses operate. It involves the development of intelligent machines that can perform tasks typically requiring human intelligence. Over the years, AI has witnessed significant advancements, leading to a multitude of possibilities that have the potential to reshape our world. With continuous

In a recent incident, a scammer successfully executed a zero transfer phishing attack, resulting in a $20 million theft of Tether (USDT). This new method of scamming has raised concerns within the crypto community, as it continues to grow in popularity among attackers. The Zero Transfer Scam The scammer targeted a victim’s wallet address, tricking

In a surprising turn of events, a new memecoin named BALD, launched on Coinbase’s Base network, experienced a drastic 85% drop in value. This sharp decline was supposedly caused by the developer, who allegedly withdrew 1,034 Ether (ETH) from the market, which amounted to approximately $1.9 million. Reports from social media and blockchain data shed

Liquid staking tokens (LSTs) are quickly gaining momentum in the cryptocurrency world and are poised to replace Ethereum’s native cryptocurrency, Ether (ETH). With a market worth around $17 billion and growing steadily since Ethereum’s Merge, LSTs offer significant advantages over traditional ETH. Since the Merge, ETH can now be staked to generate an annual yield

The cryptocurrency industry has been eagerly awaiting regulatory clarity, and recent developments in the United States House panel have brought some hope. With the approval of the Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Certainty Act, crypto firms can finally expect guidelines on registration and removal of hurdles for

Worldcoin, the proof of humanity protocol, has recently released its audit reports, shedding light on the security issues within its data collection practices. As concerns about data privacy and protocol integrity continue to rise, two security consulting firms, Nethermind and Least Authority, were enlisted to conduct the audits. The reports offer valuable insights into the

After six months of trailing behind Arbitrum, the Optimism network has finally surpassed its competitor in transaction volume, according to recent data from blockchain analytics platform Artemis. Both networks, serving as layer 2 solutions for Ethereum, utilize optimistic rollup technology to streamline and consolidate transactions, potentially leading to reduced transaction fees. During season one of

Fidelity Digital Assets recently published their “Q2 2023 Signals Report,” expressing a positive outlook for Ether (ETH) in the next 12 months and the long term. While Ether has already gained 62% year-to-date, the investment firm’s bullish stance does not necessarily imply that the ongoing bullish trend will be sustained. To determine the accuracy of

ZkSync Era, a popular Ethereum layer-2 scaling solution, has recently introduced a groundbreaking proof system called Boojum. This system is based on the Scalable Transparent Argument of Knowledge (STARK) and is designed to operate on consumer-grade general processing units (GPUs). Boojum aims to enhance the efficiency and accessibility of Ethereum scaling protocols by leveraging zero-knowledge

In a significant development for the Web3 decentralized domain space, Unstoppable Domains has announced its support for .eth domain names from the Ethereum Name Service (ENS). This collaboration brings together two of the most prominent platforms in the industry, allowing users to create human-readable domain names and cryptocurrency wallet addresses. Unstoppable Domains and ENS have

CLabs, the organization responsible for the development of the Celo blockchain, is looking to reintegrate with the Ethereum ecosystem. They are planning to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution. This proposal, discussed on Celo’s governance forum, suggests leveraging OP Stack as the architecture for the transition. By doing so, CLabs

Blockchain technology has seen impressive growth in recent years as businesses strive for digital transformation. According to a report by market research platform MarketsandMarkets, the global blockchain market is estimated to be worth $7.4 billion in 2022, with projected revenue of $94 billion by the end of 2027. This represents a compound annual growth rate

Geist Finance, a lending protocol operating on the Fantom network, has announced its permanent closure following substantial losses resulting from the Multichain exploit. The app’s development team made this announcement via a social media post on July 14. Geist contracts were initially paused on July 6 and then resumed on July 9, but only in

Coinbase Wallet has announced a new feature that allows users to send instant messages to each other using their Ethereum identities. The feature utilizes the Extensible Message Transport Protocol (XMTP), a blockchain-based instant messaging system also used by Lens, a decentralized social media network. According to Coinbase, select wallet users can now send messages to

The Ethereum ecosystem is witnessing the introduction of another layer-2 scaling solution with the onboarding of partners to ConsenSys’ Linea network. Linea, an Ethereum layer-2 scaling network, allows developers to create or migrate decentralized applications for Ethereum. By utilizing zero-knowledge proofs and being Ethereum Virtual Machine (EVM) equivalent, Linea enables seamless interaction between its applications

Rodeo Finance, a decentralized finance (DeFi) protocol based on Arbitrum, fell victim to an exploit that resulted in a loss of $1.53 million on July 11. The exploit took advantage of a code vulnerability in the protocol’s Oracle, leading to the theft of over 810 Ether (ETH). PeckShield, a blockchain analytics firm, shared data indicating

Blockchain-based layer-2 network, Public Goods Network, has recently launched its testnet on July 7th. The network’s developers have made a commitment to allocate the majority of net sequencer fees towards public goods rather than distributing them to the development team or token holders. This initiative aims to support the creation of goods and services that

Zero-knowledge proofs (ZK-proofs) have become a crucial technology in the crypto industry. These cryptographic methods enable one party to prove the truth of something to another party without revealing any information. ZK-proofs play a vital role in achieving blockchain scalability for Ethereum layer-2 solutions and ensuring the privacy and security of ZK transaction networks. The

Centralized exchanges (CEXs) experienced a significant surge in trading volume in June, with both spot and derivatives trading witnessing substantial growth. This increase in activity was mainly fueled by BlackRock’s exchange-traded fund (ETF) filing and regulatory actions against major crypto exchanges like Binance and Coinbase in the United States. Spot Trading Volume Spot trading activity

The Lido team has recently made accusations against its competitor, Rocket Pool, claiming that it is too centralized. Both Lido and Rocket Pool are liquid staking protocols that enable users to delegate their cryptocurrency to validators and receive derivative tokens in return. Lido’s community staking lead, Dmitry Gusakov, highlighted in a social media post that

Polygon Labs, the creator of the Polygon network, has put forward a proposed architecture for their upcoming project, Polygon 2.0. In a recent blog post on June 29, the team outlined their vision for the project, suggesting that it should consist of four distinct “layers” that would interconnect and form a network ultimately linked to

A groundbreaking web3 application called Quivr has recently been launched, allowing users to demonstrate their social credibility through the use of blockchain technology. The app’s development team made the announcement on June 27, revealing the unique features and benefits of this innovative platform. Quivr enables users to connect their accounts from various popular applications such

U.S. Treasury bonds or Treasurys are essential in all tradeable markets, including Bitcoin and Ether. The cost of capital attributed to U.S. dollars affects every loan, mortgage, and even cryptocurrency derivatives. In the worst-case scenario of the U.S. government defaulting on its debt, the lack of interest debt payments may cause a global shortage of

TrustToken temporarily suspended mints and redemptions of its TrueUSD (TUSD) stablecoin through its banking partner, Prime Trust, earlier this month. This was due to Prime Trust’s cease-and-desist order from the Financial Institutions Division of the Nevada Department of Business and Industry. However, TrustToken clarified that this does not affect its operations concerning the conversion of