Author: NBTC
Optimism (OP) has disabled permissionless fraud proofs, with a protocol engineer proposing a cautionary hard fork as a preventive measure. The proposal outlines the Granite network upgrade, responding to security vulnerabilities identified by third-party auditors. If the upgrade passes, it will deliver better security and performance to the OP Mainnet’s fault-proof system. Optimism Network Addresses Vulnerability Concerns Disabling permissionless fraud proofs and resorting to a permissioned one comes after audits revealed several bugs in the recently launched system. According to the report, the audit exposed two high-priority issues, leading the network to take extra precautions. Importantly, the Optimism team assured…
On the heels of tour stops in Arizona, Nevada and Detroit, the America Loves Crypto tour rolled into Wisconsin on Friday, September 13, where local Bitcoin and crypto voters in the state rallied in support of pro-crypto candidates for the upcoming US elections. At the Red Rock Saloon in Milwaukee, WI, more than 200 people — including founders, politicians and technology enthusiasts — congregated to ask the question: How can we support Bitcoin and crypto on Capitol Hill? The battleground state was split nearly down the middle in the 2020 U.S. Presidential election, with Biden and Trump receiving 1,630,866 and…
Slowly, then suddenly. The journey to transformative breakthroughs often follows this familiar pattern and this month may well be remembered as an inflection point in the acceleration toward real-time proving of transaction validity for blockchains. First, Polygon Labs went public last week with its purchase of Fabric Cryptography’s specialized chips – verifiable processing units (VPUs) – claiming a significant leap forward for zero knowledge (ZK) proving capabilities. Then, in collaboration with Optimism, a leading layer-2 blockchain, Succinct Labs separately unveiled a framework to upgrade optimistic rollup chains in the OP Stack into a ZK rollup – in just an hour.…
BTC’s reserve risk indicator shows conviction among long-term holders, offering an appealing risk-reward ratio to existing or potential investors. Other indicators based on inactivity of supply also point to strong holding sentiment. While bitcoin’s (BTC) price has more than doubled in the past year, the largest cryptocurrency continues to offer an appealing risk-reward ratio for those eyeing an investment, according to an on-chain indicator that successfully predicted the bull run in early 2023. Bitcoin’s “reserve risk,” an indicator that gauges the confidence of long-term holders based on their willingness to defer spending coins, remains entrenched in the so-called green zone…
Drift raised $25 million in a Series B funding round led by Multicoin Capital. The decentralized finance platform plans to build an array of financial services tools, including spot and derivatives trading and a predictions market. Decentralized finance (DeFi) platform Drift raised $25 million in Series B funding to expand its Solana-based exchange, Fortune reported on Thursday. The round was led by led by Multicoin Capital. Drift plans to build an array of financial services tools, including spot and derivatives trading and a predictions market to become the “Robinhood of crypto,” co-founder Cindy Leow said, according to the report. The…
The crypto market has been experiencing a widespread mixed sentiment, with Ethereum ($ETH) being no exception. As per ShayanBTC (a famous CryptoQuant analyst), the futures market of Ethereum is expressing indications of substantial pessimism as the funding rates have witnessed the lowest levels in the case of a 50-day moving average during this year. The analyst provided an analytic report to discuss the current scenario. Bearish Sentiment Deepens: #Ethereum’s Futures Market Shows Lowest Funding Rates of 2024“Recently, the 50-day moving average of $ETH funding rates has been on a consistent downtrend, reaching its lowest levels in 2024.” – By @ShayanBTC7Full…
Ripple’s legal win boosts its global position and expands its blockchain partnerships. Speculation grows as Ripple and the SEC might soon resolve their conflict. XRP price glitches reignite debates on its true value among crypto enthusiasts. A recent glitch on a Korean exchange showed XRP’s price at 67,720 KRW, about $50. This unusual display sparked widespread discussion among crypto enthusiasts, quickly spreading across social media. Ripple’s Legal Victory and Expansion Ripple, the company behind XRP, lately won a big regulatory battle against the U.S. Securities and Exchange Commission . This victory has strengthened it’s position in the crypto world. Ripple…
RLN could revolutionize UK payments, cutting fraud and costs while supporting new tech like CBDCs and tokenized assets. The Regulated Liability Network aims to enhance efficiency and innovation in UK finance, integrating blockchain and interoperability. Having completed a successful test phase, RLN is poised to reduce obstacles for fintech firms and increase long-term innovation inside the UK banking industry. A blockchain-powered ledger called the Regulated Liability Network (RLN) has the potential to totally change the $14.5 trillion UK payments sector. According to UK Finance, this innovative system is seen as a game changer. Following a successful experimental phase involving 11…
There has been a lot of talk recently among crypto market participants about what the future holds for Bitcoin (BTC). On July 30, some of the most influential figures in the crypto community shared their thoughts on Bitcoin’s current status and potential future. Thus, Alex Kruger recently shared his thoughts on the challenging market conditions. He suggested that when Bitcoin reaches new all-time highs, only a few traders might still be “alive” and have money. Another well-known figure, BTCVIX, also acknowledged the difficulty of the past few months for traders. However, he pointed out an important technical indicator: Bitcoin is…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As crypto becomes more widespread, the regulatory issues become more significant. The recent update of the Markets in Crypto-Assets Regulation regarding stablecoins has led to a substantial market boom. The new rules impose strict restrictions on the use of stablecoins denominated in dollars, which account for the majority of global trading volumes. You might also like: What’s missing from MiCA’s comprehensive crypto manifesto? | Opinion While MiCA primarily targets the intersection of crypto assets and traditional financial…