A new mechanism for handling temporary or transient storage during smart contract execution is being proposed as part of Dencun. This proposal, known as EIP-1153, aims to introduce an opcode that would allow smart contracts to use transient storage, which would be wiped clean at the end of transaction execution.Currently, storage operations on Ethereum are […]
The XRP community is closely watching the ongoing legal case between Ripple and the SEC, especially after a recent ruling that declared Terra Luna as a security. XRP lawyer John Deaton has provided some insights into the differences between the two cases. While the Terra case had a significant impact on the crypto landscape, the […]
In a high-stakes legal battle, bankrupt cryptocurrency exchange FTX has filed a lawsuit against four former employees of its Hong Kong-based affiliate, Salameda. The lawsuit alleges that these individuals exploited their personal connections to withdraw their assets from FTX before the exchange filed for bankruptcy. FTX, along with two affiliated companies, claims that the defendants […]
In 2023, the cryptocurrency industry experienced a mix of challenges and opportunities. Regulatory crackdowns and financial collapses shook the market, while new trends emerged.Several major banks, including Silicon Valley Bank, Signature Bank, and Silvergate, faced collapse, causing panic among customers and impacting crypto companies. Silvergate Bank’s closure led to the shutdown of its instant settlement […]
Artificial intelligence (AI) could potentially play a role in Bitcoin’s price reaching $100,000 in 2024, according to GPT-4, the latest version of AI chatbot ChatGPT. While this remains highly speculative, the AI chatbot suggests that a series of favorable conditions would need to align for this scenario to occur.Some factors that could contribute to Bitcoin […]
Dogecoin co-founder Billy Markus has criticized SEC Chairman Gary Gensler for his perceived ineffectiveness in regulating the cryptocurrency industry. Markus accuses Gensler of being “useless in every aspect” and suggests that he is not taking concrete actions to improve regulation in the sector.In a video, Gensler compared the crypto market to the “Wild West,” highlighting […]
