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All articles tagged with #cryptocurrencyblockchain

cryptocurrencyblockchain1 year ago

"UK Judge Dismisses Craig Wright's Claim as Satoshi Nakamoto and Bitcoin Whitepaper Author"

UK Judge James Mellor has rejected Craig Wright's claim to be Satoshi Nakamoto, the creator of Bitcoin, after overwhelming evidence presented during the COPA trial debunked Wright's assertions. The trial highlighted discrepancies in Wright's claims about the creation of the Bitcoin White Paper, his knowledge of the Bitcoin code, and his alleged fraudulent activities. Judge Mellor's forthcoming ruling will solidify the conclusion that Craig Wright is not Satoshi Nakamoto, marking a significant milestone in the search for the true identity of Bitcoin's creator.

via Bitcoinist|
#bitcoin#copa-trial#craig-wright
cryptocurrencyblockchain1 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.

via Fortune|
#cryptocurrencyblockchain#dencun-upgrade#eip-4844
cryptocurrencyblockchain1 year ago

"Ethereum's Dencun Upgrade: Blockchain Locks, Reduced Fees, and Bee Movie on Mainnet"

Blast, a layer-2 blockchain built on Ethereum, experienced a one-hour mainnet freeze during Ethereum's Dencun upgrade, causing a halt in block production. Competitor Arbitrum announced a 24-hour integration period for the upgrade to reduce Ethereum fees. Despite the freeze, Blast's largest protocol, Orbit Finance, saw a 32% increase in total value locked, but its native token's value plunged by over 20% after being issued on March 8.

via CoinDesk|
#blast#cryptocurrencyblockchain#dencun-upgrade
cryptocurrencyblockchain1 year ago

"Ethereum's Dencun Upgrade: Cutting Costs and Boosting DeFi Accessibility"

Ethereum is gearing up for the Dencun upgrade, set to reduce fees for layer-2 networks by introducing "proto-danksharding," a new method for storing transaction data. The upgrade, delayed from its original target, will benefit networks like Arbitrum, Optimism, and Polygon, allowing them to post data to Ethereum more efficiently and reduce fees for end-users. Additionally, it will benefit data availability layers and pave the way for future upgrades like Electra + Prague. The upgrade is expected to significantly lower fees for layer-2 transactions and bring about a new era of cheaper fees for Ethereum's auxiliary networks.

via CoinDesk|
#cryptocurrencyblockchain#dencun-upgrade#ethereum
cryptocurrencyblockchain1 year ago

"Craig Wright's Trial: Unraveling the Mystery of Bitcoin's Creator"

The COPA v Wright trial began with opening arguments in a London court, where COPA seeks to prove that Dr. Craig Wright is not Satoshi Nakamoto, the inventor of Bitcoin. Both sides presented their cases, with COPA alleging forgery and Dr. Wright asserting his identity. Dr. Wright secured an early victory by gaining permission to introduce additional documents supporting his case, including an early draft of the Bitcoin white paper. The trial will continue on February 6.

via CoinGeek|
#bitcoin#copa#craig-wright
cryptocurrencyblockchain2 years ago

Major Financial Institutions Embrace Blockchain Technology for Asset Tokenization and FX Solutions

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.

via CoinDesk|
#bny-mellon#central-bank#cryptocurrencyblockchain
cryptocurrencyblockchain2 years ago

Optimism Foundation Unit Appoints Ryan Wyatt as Chief Growth Officer

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.

via CoinDesk|
#blockchain-development#cryptocurrencyblockchain#ethereum
cryptocurrencyblockchain2 years ago

Unveiling the Reality: The Underwhelming Crypto Funding in August

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.

via TechCrunch|
#crypto-funding#cryptocurrencyblockchain#funding-decline
cryptocurrencyblockchain2 years ago

The Impending Crisis: DeFi's Massive Exodus Threatens its Survival

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.

via Forbes|
#cryptocurrencyblockchain#defi#hacks
cryptocurrencyblockchain2 years ago

Shiba Inu's Shibarium Launch Boosts DeFi Growth and SHIB Price

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.

via CoinDesk|
#cryptocurrencyblockchain#defi#ethereum
cryptocurrencyblockchain2 years ago

Coinbase's Blockchain Launches Successfully, Attracts Millions in Investments

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.

via CoinDesk|
#base-blockchain#coinbase#cryptocurrencyblockchain