Shiba Inu’s Ethereum-based layer 2 blockchain solution, Shibarium, has achieved a significant milestone by surpassing one million blocks and three million transactions since its launch in late August 2023. This achievement can be attributed to the Shiba Inu token burn movement, which encouraged investors to migrate from centralized exchanges to Shibarium. The platform’s growth in […]
Bitcoin developer Robin Linus has proposed a new approach called BitVM that would allow for arbitrary computation on the Bitcoin network without the need for a soft fork. This proposal aims to incorporate Ethereum-style smart contracts into Bitcoin, enabling the network to support Turing-complete contracts without disrupting the original protocol. BitVM utilizes fraud proofs and […]
Billionaire hedge fund manager Bill Ackman is potentially collaborating with Elon Musk’s X platform, formerly known as Twitter. This unexpected partnership has sparked interest in the cryptocurrency community, particularly regarding its implications for Dogecoin. Currently, Dogecoin is trading at under $0.060 and is the ninth-largest cryptocurrency with a market cap of $8.3 billion. Dogecoin co-founder […]
Decentralized social media protocol Friend.Tech has introduced a two-factor authentication (2FA) security feature in response to recent sim-swap attacks on its users. The 2FA adds an extra layer of protection for users, particularly in cases where their mobile carrier or email service has been compromised. Users will now be required to enter their passwords each […]
Blockchain data indicates that Alameda Research, a cryptocurrency trading firm, redeemed over $38 billion worth of Tether (USDT) tokens in 2021, despite not having the equivalent assets under management. This information was flagged by Coinbase director Conor Grogan. Onchain data shows that Alameda was responsible for minting $39.55 billion of USDT, which accounts for 47% […]
In a recent Twitter thread, Conor Grogan, Coinbase’s director of product strategy and business operations, has shed light on how Alameda Research, a trading firm associated with FTX, played a significant role in the dominance of Tether’s USDT stablecoin. Grogan’s on-chain analysis revealed that Alameda minted a staggering $39.55 billion worth of USDT, accounting for […]
The Bitcoin developer community has introduced a groundbreaking methodology called BitVM, which allows for Turing-complete Bitcoin contracts without modifying the network’s consensus rules. BitVM verifies computations rather than executing them directly on Bitcoin, similar to optimistic rollups. This development has sparked excitement and debate on online forums, with some suggesting that BitVM could render altcoins […]
In a recent security breach, Ordswap, a prominent marketplace for Bitcoin Ordinals, has lost control of its website, putting users at risk of phishing attacks. The compromised website directed users to a phishing link, aiming to trick them into revealing their private keys and sensitive information, posing a severe threat to their cryptocurrency assets. In […]
Ethereum, the second-largest cryptocurrency by market cap, had a challenging trading day after the Ethereum Foundation sold off some of its holdings. However, the cryptocurrency has managed to recover approximately one-third of the value it lost since news of the sale emerged. This development highlights the volatility and fluctuations in the cryptocurrency market. Investors and […]
Former BlackRock executive, Martin Bednall, believes that the United States Securities and Exchange Commission (SEC) will approve all spot Bitcoin Exchange Traded Fund (ETF) applications simultaneously. Bednall made this prediction during a panel discussion at the CCData’s Digital Asset Summit in London. He is optimistic about the approval of ETF applications from BlackRock, Fidelity, WisdomTree, […]
