cryptocurrencyblockchain3.53 min read
"UK Judge Dismisses Craig Wright's Claim as Satoshi Nakamoto and Bitcoin Whitepaper Author"
1 year ago•Source: Bitcoinist
Cryptocurrencyblockchain News
The latest cryptocurrencyblockchain stories, summarized by AI
Featured Cryptocurrencyblockchain Stories
View original source
4.36 min•1 year ago
"Ethereum's Dencun Upgrade: A Game-Changer for Gas Fees"
Ethereum's Dencun upgrade, a combination of the "Cancun" and "Deneb" upgrades, aims to reduce gas fees for Layer 2 networks by implementing EIP-4844, which improves the blockchain's data handling. This upgrade will significantly lower gas fees for transactions on decentralized exchanges, potentially dropping costs to as low as a fraction of a cent. While the main Ethereum network won't see fee reductions until 2026–2027, experts believe the upgrade will have a positive impact on Ether's price, potentially leading to a surge in mainstream applications and development potential.
More Top Stories
2
"Ethereum's Dencun Upgrade: Cutting Costs and Boosting DeFi Accessibility"
CoinDesk•1 year ago
3
"Craig Wright's Trial: Unraveling the Mystery of Bitcoin's Creator"
CoinGeek•1 year ago
More Cryptocurrencyblockchain Stories
Major Financial Institutions Embrace Blockchain Technology for Asset Tokenization and FX Solutions
Originally Published 2 years ago — by CoinDesk
Singapore's central bank, along with major financial institutions including JPMorgan, DBS, and BNY Mellon, is testing tokenization use cases such as digital asset trades, foreign currency payments, clearing and settlement, fund management, and portfolio rebalancing. JPMorgan and Apollo have conducted a proof of concept to tokenize funds on the blockchain. This initiative is part of Project Guardian, which aims to advance asset tokenization and includes regulators from Japan, the UK, and Switzerland. Additionally, OKX is offering derivatives trading without counterparty risk, SC Ventures has launched a tokenization platform, and a chart shows a decline in bitcoin held by miners.
Optimism Foundation Unit Appoints Ryan Wyatt as Chief Growth Officer
Originally Published 2 years ago — by CoinDesk
Ryan Wyatt, former president of Polygon Labs, has been hired as the chief growth officer of Optimism Unlimited Ltd., a unit of the Optimism Foundation. Wyatt will be responsible for supporting blockchain development and helping developers build across the Optimism ecosystem. The Optimism Foundation supports companies and developers committed to Optimism's technology, with OP Mainnet being the second-largest layer-2 network on Ethereum. Wyatt brings his experience in gaming and digital ownership from his previous roles at Polygon Labs and YouTube.
Unveiling the Reality: The Underwhelming Crypto Funding in August
Originally Published 2 years ago — by TechCrunch
Crypto funding in August appeared to improve with $819 million invested across 91 companies, a 51% increase from July. However, this boost was largely due to two large funding rounds, and when compared to the same time last year, funding has declined by 53%. Venture capital investors have been less enthusiastic about the digital asset industry since Q1 2022, and funding in the space has dropped for five consecutive quarters. Despite the positive numbers in August, web3 startups would need to raise an additional $960 million in September to surpass second-quarter funding levels, which seems unlikely based on recent trends.
The Impending Crisis: DeFi's Massive Exodus Threatens its Survival
Originally Published 2 years ago — by Forbes
Decentralized finance (DeFi) platforms are facing existential challenges as they grapple with frequent hacks and security breaches, eroding investor confidence. In the past month alone, Curve Finance, Exactly, Saddle Finance, Spirit Swap, and Hundred Finance have all experienced significant security breaches or closed down. Between January and July 2022, there were 132 DeFi hacks resulting in losses worth $1.8 billion. Additionally, the declining market share of DeFi, with the total value locked (TVL) dropping to $37 billion, has been attributed to lower cryptocurrency prices and rising interest rates on low-risk assets. Regulatory scrutiny is also increasing, with lawmakers calling for more oversight of the sector. Despite these challenges, some industry experts believe that responsibly designed protocols can help mitigate risks and ensure the future viability of DeFi.
Shiba Inu's Shibarium Launch Boosts DeFi Growth and SHIB Price
Originally Published 2 years ago — by CoinDesk
Shiba Inu's Ethereum layer-2 blockchain, Shibarium, has gone live, aiming to attract users with low fees and a focus on financial services and gaming. The network will utilize SHIB, BONE, TREAT, and LEASH tokens for applications, potentially increasing their prices as demand grows. Shibarium is part of Shiba Inu's plan to establish itself as a serious blockchain project and player in decentralized finance. It also plans to explore metaverse and gaming applications, as well as serve as a cheap settlement for DeFi. The network will introduce a decentralized autonomous organization (DAO) called "DoggyDAO" to fund projects on Shibarium.
Coinbase's Blockchain Launches Successfully, Attracts Millions in Investments
Originally Published 2 years ago — by CoinDesk
Coinbase has officially launched its Base blockchain, allowing public companies to run their own distributed networks. The move could generate fees for Coinbase and open up new revenue streams from applications built on the blockchain. The Base network is a layer 2 blockchain built on top of Ethereum, and it already has $139 million in deposits locked into apps and protocols, making it the fifth-largest layer 2 blockchain. Coinbase plans to promote the new project's capabilities through its "Onchain Summer" promotion with corporate partners, including Coca-Cola.