Robert Linus, project lead at Bitcoin development group ZeroSync, has proposed a new system called BitVM that would allow developers to perform complex computations on the Bitcoin network. Unlike other proposals, BitVM does not require changes to Bitcoin’s code, which could cause controversy within the community. The system suggests verifying computations on Bitcoin while executing […]
The popular U.S. grocery store chain, Trader Joe’s, has filed a lawsuit against a cryptocurrency-based DeFi platform called Trader Joe. The grocery chain alleges that the platform named itself after the supermarket, damaging its reputation. The lawsuit aims to refute the platform’s claim that it was named after the founder’s brother. Trader Joe’s also accuses […]
Binance, the world’s largest cryptocurrency exchange, has announced its plans to list a new altcoin called Neutron (NTRN) on its platform. Neutron is a project built within the interoperable blockchain ecosystem Cosmos and aims to be a cross-chain smart-contracting platform. It allows developers to easily build cross-chain applications using the Inter-Blockchain Communication Protocol (IBC) and […]
Ethereum gas fees, a major obstacle to mainstream adoption, have reached all-time lows recently. The average gas price dropped to 8.8 gwei, surpassing the previous record of 8.9 gwei. This decline can be attributed to the increased usage of layer 2 scaling solutions like Optimism and Arbitrum, which process transactions off-chain and reduce congestion on […]
BitVM, a computing paradigm introduced by Robin Linus of ZeroSync, aims to bring smart contract capabilities to the Bitcoin blockchain. The whitepaper, released on October 9, has sparked a heated debate within the crypto community. BitVM contracts are similar to optimistic rollups on Ethereum, allowing for the verification of computations without changing the network’s consensus […]
Paul Tudor Jones, billionaire hedge fund manager and founder of Tudor Investment Corporation, has expressed concerns about the current state of the stock market. In an interview with CNBC’s Squawk Box, Jones highlighted escalating geopolitical risks and the deteriorating US fiscal position as reasons for his unease. He noted that the Israel-Hamas war has created […]
US dollar stablecoin issuer Circle has announced that it is now minting USD Coin (USDC) natively on the Ethereum layer 2 scaling protocol Polygon. This means that users and developers can access USDC without the need to bridge the stablecoin from Ethereum or any other blockchain. Circle Mint and Circle’s developer APIs now support Polygon-based […]
Major cryptocurrency exchange operator OK Group is rebranding its crypto ventures under the name “OKX.” The company plans to rebrand its platform Okcoin to OKX in key operational jurisdictions, starting with Singapore and then Europe and the United States. The move aims to provide customers with the same set of product services under the same […]
A collective of companies and leaders in the Web3 space in Israel have launched a crypto humanitarian campaign called “Crypto Aid Israel.” The campaign aims to raise funds to provide essential supplies for displaced and affected Israelis, including food, shelter, hygiene, and medical products. Donations can be made in multiple cryptocurrencies through a multisig wallet, […]
The Ethereum Foundation, the leading organization behind the development of the Ethereum blockchain, has fallen victim to a “Sandwich Attack” that resulted in the loss of around $9,101. The attack was carried out by a Maximal Extractable Value (MEV) bot, which took advantage of the fees market structure on the network. The bot placed two […]
