📣 Starknet v0.12.0 Now Live on Mainnet
- Starknet, the highly anticipated Layer 2 network built on Ethereum, has made a groundbreaking announcement. The network has officially rolled out its v0.12.0 version on the mainnet, introducing crucial upgrades to enhance scalability and reduce transaction latency. With the Ethereum network experiencing significant congestion and high transaction fees, Starknet aims to address these challenges by improving network throughput and optimizing transaction confirmation times.
- The new Rust implementation of Sequencer brings several performance enhancements, including more efficient local storage and critical path logic. These improvements are specifically designed to minimize transaction confirmation wait times and resolve network congestion issues. By streamlining the transaction processing pipeline, Starknet v0.12.0 aims to deliver faster and more reliable transactions on the Ethereum network. The launch of SK’s latest version marks a significant milestone in the development of Layer 2 solutions for Ethereum. Layer 2 networks are considered crucial for scaling Ethereum and addressing its limitations in terms of transaction speed and scalability.
#Ethereum
💰 Craig Wright’s Copyright Battle Over Bitcoin File Format Raises Community’s Curiosity
- In a much-anticipated ruling, a UK Court has granted Craig Wright, the self-proclaimed Bitcoin inventor, the opportunity to argue for copyright protection of the Bitcoin file format under UK law. The court’s decision now allows Wright to present his case on whether the Bitcoin file format deserves copyright protection in the United Kingdom. It is important to clarify that the court’s acceptance of the appeal does not imply a judgment on the matter or validate Wright’s claim as the true identity of Bitcoin’s mysterious creator, Satoshi Nakamoto.
- The lawsuit initiated by Craig Wright involves 13 Bitcoin Core developers and several entities, including Blockstream, Coinbase, and Block. Wright claims that these parties violated his copyright to the Bitcoin white paper, as well as the file format and database rights associated with the Bitcoin blockchain. The pivotal question of whether Craig Wright is indeed the enigmatic Satoshi Nakamoto, the pseudonymous mastermind behind Bitcoin’s creation, remains a subject of debate and speculation. The authenticity of Wright’s claim will be the focal point of a trial scheduled to begin in January 2024. It is worth noting that in a separate case held in Oslo last year, witnesses presented forensic evidence that raised doubts about the documents provided by Wright to support his assertion of being Nakamoto.
#btc #blockchain
📣 Sei Foundation’s Expands Airdrop Wallets From 500K To 1.5M
- In response to overwhelming demand, the Sei Foundation has made a significant announcement, expanding the eligibility criteria for their cross-bridge airdrop program. Originally set at 500,000 eligible wallets, this number has now been increased to 1.5 million across multiple prominent blockchains, including Ethereum, Solana, Polygon, Arbitrum, BNB Chain, Osmosis, and Optimism. The Sei Foundation is generating excitement with the launch of a unique cross-chain airdrop exclusively available to active users within the ecosystems of these major blockchains.
- Enthusiastic users keen on participating in the airdrop can engage by establishing a Sei Wallet, seamlessly linking it to their pre-existing off-chain wallet, and effortlessly bridging their tokens. The anticipated airdrop will be accessible upon the official public mainnet launch on the Sei platform. For comprehensive instructions and updates, users are directed to refer to the Sei Foundation’s official blog. The excitement around Sei continues to grow with the recent launch of its Mainnet beta phase. This launch also introduced the new SEI token, which has swiftly garnered attention. Prominent exchanges such as Binance, Bybit, Huobi, and Kraken promptly listed the token on August 15th.
#BNB #SEI
🪙 Swift And Chainlink Will Break New Ground In Seamless Cross-chain Value Transfer
- Swift and Chainlink, two prominent players in the blockchain and cryptocurrency space, have made substantial progress in their recent collaborative experiments. Swift, in collaboration with over a dozen major financial institutions and market infrastructures, joined forces with Chainlink, a leading Web3 services platform. According to a press release on Thursday, these experiments showcased the successful transfer of tokenized value across various public and private blockchains.
- The significance of these findings lies in their potential to eliminate considerable barriers that have been impeding the expansion of tokenized asset markets. This breakthrough could ultimately enable these markets to flourish on a global scale as they continue to evolve and mature. Together, they demonstrated their ability to offer a singular access point to multiple networks, all within the framework of existing, secure infrastructure. This breakthrough greatly reduces the operational complexity and investment required for institutions to actively participate in the growth of tokenized assets. Interoperability between these blockchains is crucial, otherwise, financial institutions must build connections to each platform, creating significant operational challenges and costs.
#blockchains #Chainlink
🪙 Vitalik Buterin Urges Caution Amid Uncertain Future of Hong Kong’s Crypto Support
- Vitalik Buterin, co-founder of Ethereum, delivered crucial insights during a recent event in Singapore, shedding light on the evolving landscape of cryptocurrencies in Hong Kong. Vitalik Buterin emphasized the importance of understanding the stability of the Hong Kong government’s stance on cryptocurrencies for crypto projects seeking opportunities in the region. He noted that the government’s ongoing support for digital currencies is a pivotal variable that could significantly impact the success and sustainability of crypto-related endeavors in Hong Kong.
- Hong Kong has long been considered a global financial hub, attracting a multitude of blockchain and cryptocurrency projects due to its favorable regulatory framework and strategic location. However, recent geopolitical and regulatory developments have cast a shadow of uncertainty over the future of cryptocurrencies in the region. Vitalik Buterin’s remarks come at a time when businesses operating in the cryptocurrency space are closely monitoring Hong Kong’s evolving regulatory landscape. The crypto industry values stability and regulatory clarity, making it crucial for enterprises to assess the long-term viability of conducting business in the city. Buterin’s insights carry considerable weight within the cryptocurrency community. His cautionary advice serves as a reminder that while Hong Kong has been a crypto-friendly destination.
#crypto #blockchain
MAV zkSync Integration Is Now Available On Binance
- Binance, a leading cryptocurrency exchange, has successfully integrated the Maverick Protocol (MAV) onto the zkSync Era network, opening doors for deposits and withdrawals. However, it’s important to note that deposits on the zkSync Era network will take approximately 24 hours to be credited to users’ Binance accounts. This delay is attributed to zkSync Era’s Finality mechanics, which ensure the utmost security and reliability of transactions.
- Maverick Protocol stands as a groundbreaking DeFi platform, aimed at bolstering liquidity and optimizing capital usage within the DeFi sector. Its innovative Dynamic Distribution AMM empowers liquidity providers by enabling them to stake a price range and dictate how that liquidity should respond to market price fluctuations. In the realm of blockchain technology, zkSync Era is a ZK rollup solution, characterized by its trustless protocol. It leverages cryptographic validity proofs to facilitate scalable and cost-effective transactions on the Ethereum network. Notably, zkSync Era performs computation off-chain while storing most data off-chain as well. This approach maintains Ethereum’s high security standards while significantly reducing transaction fees.
#DeFi #Binance
🌟Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon 🌟
- Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of its cryptographic-focused chips.
- Chain Reaction, a startup that focuses on building blockchain-based silicon, announced that it has raised $70 million as part of its Series C funding round. The round, which was led by Morgan Creek Digital, part of Morgan Creek Capital — a VC company co-founded by crypto influencer Anthony “Pomp” Pompliano — saw the participation of Hanaco Ventures, Jerusalem Venture Partners, KCK Capital, Exor, Atreides Management, and Blue Run Ventures.
🌊With this capital influx, the company expects to increase its engineering headcount in order to hasten the development of its blockchain silicon products, estimated to reach the market later this year. According to Alon Webman, co-founder and CEO of Chain Reaction, the mass production of the first batch of chips, called “Electrum,” will start in Q1 2023.
#Blockchain #Electrum
📣 Trezor Puts Privacy First By Refusing Coinjoin UTXOs
- Trezor, a hardware wallet manufacturer, has been making headlines recently due to concerns about censorship. To address these concerns, Trezor has implemented measures to ensure that certain UTXOs (Unspent Transaction Outputs) are denied entry into the coinjoin coordinator. According to a representative from the company, this is done to protect the privacy of other users who may be associated with these UTXOs.
- Trezor acknowledges the sensitivity of the matter, the company emphasizes that their refusal to allow certain UTXOs into the coinjoin coordinator is done with the aim of supporting coinjoin transactions and providing individual users with privacy. It is important to note that no on-chain data analysis company receives any coins, instead, a risk score is returned based on the UTXO entering the coinjoin. Some UTXOs may be refused if they are flagged as under scrutiny based on the risk score. Trezor also confirms that they cannot check individual users or track or report on their activity since coinjoin is enabled via Tor, the anonymization network, and block filters are used.
#Coinjoin #UTXOs
🏦 Coinbase to Stop Issuing New Loans Via Coinbase Borrow
- Coinbase Borrow’s days are numbered. Customers of the U.S.-based exchange who used the program – which allowed customers to borrow fiat loans up to $1 million against as much as 30% of their bitcoin holdings, with interest – received an email on Wednesday informing them that the last day to take out new loans would be May 10. Coinbase has been under extra scrutiny from regulators following crypto exchange FTX’s collapse.
- Coinbase Borrow seems – at least for now – to be unconnected to any enforcement action. A person familiar with the matter told CoinDesk the closure of Coinbase Borrow had nothing to do with either pending or past troubles with the SEC. “We regularly evaluate our products to ensure we’re prioritizing the offerings that our customers care about most,” the spokesperson said. “Effective May 10, we will stop issuing new loans through Coinbase Borrow. There is no impact on customers’ outstanding loans, and no action is required from them at this time.” Coinbase Borrow launched in November 2021.
#Coinbase #CoinDesk
📣 Milady (LADYS) Has Been Listed On Cryptocom 2 Days After Elon Musk Tweeted About It
- An announcement was made by Cryptocom, a digital asset exchange based in Singapore, stating that it has begun listing Milady (LADYS) on its mobile application. Just a few short days after billionaire Elon Musk mentioned a new memecoin in a tweet, which caused its value to skyrocket, a popular cryptocurrency exchange has decided to sell the memecoin. Milady Meme Coin (LADYS) has been added to the Cryptocom App’s list of supported cryptocurrencies and stablecoins.
- Users of the Cryptocom App can now make purchases of LADYS at genuine pricing using USD, EUR, GBP, and more than 20 additional fiat currencies. Following a tweet by the CEO of Tesla on the cryptocurrency LADYS earlier this week, the stock had a phenomenal increase of more than 2,000% during the previous trading week. In the past, information obtained from the Lookonchain website found that a mysterious cryptocurrency wallet that had been created barely an hour before Musk’s tweet had generated a massive profit of 2300% from the Milady transaction. LADYS has experienced a significant decline after reaching its all-time high, and as of the time of this publication.
#Crypto #USD #EUR