Author: NBTC
Robinhood Wallet integrates cross-chain swaps via Polygon, enhancing its global cryptocurrency trading services. Polygon’s rise in NFT transactions and stablecoin activity signifies its growing influence in crypto. Collaboration between Robinhood and Polygon reflects a trend towards greater blockchain interoperability and efficiency. Robinhood Wallet has announced its latest update, incorporating cross-chain swap capabilities through the Polygon network. This development significantly enhances Robinhood’s multi-blockchain trading platform and improves its global service offerings to cryptocurrency traders. The functionality was introduced following collaborations with the 0x Project and LI.FI. protocols. It enables users to perform swaps across various tokens supported by these infrastructures. This…
Threshold Network (T) announced the launch of Threshold USD (thUSD), a decentralized stablecoin pegged to the US dollar and backed by Bitcoin and Ethereum. However, Threshold Network, which previously announced that an important announcement would be made soon, received a negative reaction in its price because the announcement did not meet expectations. Following the announcement, a sudden downward movement was observed in the T price. “In an era where DeFi is reshaping our financial landscape, thUSD stands out by integrating Bitcoin into DeFi without sacrificing decentralization. thUSD is not just a stablecoin; it brings the unique security and potential of…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The fallout from the FTX collapse and the accompanying media circus left unexpected and wide-reaching disruption. Still, the truth is that it expedited the realization that centralized exchanges (CEXs) are broken. How we pick up the pieces will have a long-lasting impact on our industry. It is not the role of regulators to prevent another FTX collapse. You might also like: Lessons from 2023: the FTX trial and crisis management for crypto projects | Opinion Without meaningful…
Decentralized novel financial protocol Coral Finance has announced the official launch of its testnet. Coral Finance has connected the basic fundamental into a unique solution in the Uniswap world. The company offers a new staking ideal solution in the staking world. Creating a new ultimate experience, the Coral Finance introduces “Premium Trading”. 🎉 Great News! Coral Finance 𝐓𝐞𝐬𝐭𝐧𝐞𝐭 on @BTClayer2 is LIVE! Start the journey, you will be the pioneer in Premium-trading staking. : 🔗https://t.co/B5UN61Nv6hMore on Coralantis! The Mesopelagic section is now open for you to earn and claim testnet Reef Points:… pic.twitter.com/iAuMyrNuqS — Coral Finance | Coralantis🪸 (@Coral_Finance) April…
Bitfinex, one of the largest cryptocurrency platforms in the world, is updating the platform for its maintenance. The platform stopped trading for a while due to deteriorated performance but is scheduled to fully function very soon. Maintenance was done to identify problems and eliminate them to improve the platform’s performance and usability. Our maintenance is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 12:45 PM UTC, before trading opens at 12:50 PM UTC. Thank you for your patience. https://t.co/WBMz5yuuQi — Bitfinex (@bitfinex) April 28, 2024 Bitfinex Implements…
On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined, indicating that bitcoin miners are receiving less than half a BTC per block in onchain fees. Bitcoin Miners See Earnings Cut in Half Bitcoin miners are currently earning significantly less BTC than before the halving event, and the high fees they previously enjoyed after block height 840,000 have been erased. These initial high fees may have provided some miners with enough financial buffer…
Polygon’s zkEVM rollup entered an emergency state on March 23 after the chain stopped processing blocks. Last week, Polygon released an analysis of the outage that took its zkEVM down. Polygon reported late Saturday that its zkEVM sequencer had failed, attributing the cause to a reorg of the Ethereum mainnet. The postmortem states that the synchronizer for Polygon zkEVM mishandled the reorg, and the chain started processing batches of transactions with incorrect timestamps. A blockchain reorganization, or reorg, happens when a network discards blocks from a previous version and adopts a new chain of blocks as the accurate history of…
Solana Labs Co-Founder Anatoly Yakovenko has directed his community towards a new blockchain protocol called BunkerCoin. The announcement coincides with the release of the white paper for BunkerCoin, a blockchain protocol designed for environments with limited bandwidth, including compatibility with shortwave radio. The white paper, released today and titled “BunkerCoin: A Low Bandwidth, Shortwave Radio-Compatible Blockchain Protocol,” presents a technical overview. BunkerCoin utilizes a recursive Zero-Knowledge Proof hash function and a proof of elapsed time Verifiable Delay Function (VDF). The VDF allows miners to identify a ‘golden ticket,’ essential for block validation and transaction integrity. If you are into mainstream…
Federal prosecutors charged Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide fund transfers. According to a press release issued Wednesday, the pair developed, marketed and operated the mixer, which “facilitated more than $100 million in money laundering transactions from illegal dark web markets.” Samourai overall facilitated around $2 billion in “unlawful transactions” between 2015 and the present, the release alleged. Rodriguez, 35, and Hill, 65, collected approximately…
Decentralized cryptocurrency exchange Uniswap (UNI) shared in its statement today that it will make a big announcement tomorrow. In the official statement, an expression was used as “There will be a Blast (explosion) tomorrow”, and this was interpreted as the announcement meaning that Blast, one of the relatively new layer-2 platforms on Uniswap, will be integrated. Although the content of the announcement was most likely about Blast, the fact that the announcement was made on April 1 caused its seriousness to be questioned. However, Uniswap asked users to turn on their notifications for tomorrow’s announcement. When asked if this was…