Author: CryptoHoppers
Key Takeaways Optimism reverted to permissioned fraud proofs due to vulnerabilities found in audits. A hard fork named “Granite” is scheduled for September 10 to update the Optimism network. Share this article Optimism has reverted its network to a permissioned state after community-driven audits identified several bugs in its recently launched permissionless fraud proof system, including two high-severity issues.The Optimism Foundation announced the rollback on X, stating that the move was made “out of an abundance of caution” to avoid potential instability while the vulnerabilities are patched.In March, Optimism commenced trials for its fault proof system on Ethereum’s Sepolia test…
Mastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment of fintech firms in Africa and the Middle East. Amnah Ajmal praised the partnership with Scale, saying it moves her organization closer to its goal of narrowing the digital gap. Narrowing the Digital Gap The […] Source link
Bitcoin fell 4.26% to $58.13k on August 16 and $61k on August 13. While BTC often mimics the stock market’s fall, this drop has no ties to such an event. However, this is not all. At the same time, a significant surge in trading volume was seen—over $32.79 billion changed hands on Wednesday—up 14.17%. The dual dynamic prompts the question: Is there any hope for Bitcoin in August, or are we seeing a more significant market correction? Short-Term Perspective The chart points to a possible twin peak pattern, in which two distinct prices or volume activity peaks occur within a…
A Bitcoin wallet that has been dormant since 2014 suddenly woke up and moved over 174 bitcoins worth more than $102 million. Blockchain data showed that the Bitcoin (BTC) wallet that received 174.88 BTC on Jan. 8, 2014, moved funds for the first time on Aug. 16, 2024. The transfer comes after a decade, during which Bitcoin’s price soared to highs of $73,000 before retreating to current levels. Transaction cost While BTC’s initial value was nearly $142,000 in 2014, the staggering gains the flagship cryptocurrency has seen since mean that the 174.88 bitcoin is now worth more than $10.2 million.…
Top Crypto to Buy: The overall cryptocurrency market is experiencing significant selling pressure as the US government and Mt Gox moved notable Bitcoin (BTC) in recent days. Amid this market downturn top cryptocurrencies that have the potential to skyrocket in the coming days are trading at very discounted prices.These top crypto include Ripple’s native token XRP, Solana (SOL), Dogecoin (DOGE), and Dogwifhat (WIF). XRP (XRP)Ripple’s XRP is one of those top altcoins that has proven itself not to be a security and also won a legal battle against the United States Securities and Exchange Commission (SEC). Moreover, Ripple’s earlier announcement to…
The United States (US) government has recently moved a whopping 10,000 Bitcoin (BTC) seized from Silk Road, a notorious online black market platform. Over the years, the government has executed multiple large-scale Bitcoin transfers, strategically relocating these assets to new wallets or different exchanges. US Government Moves 10,000 BTC To Coinbase Prime In an X (formerly Twitter) post on August 14, Arkham Intelligence, a blockchain analytics platform uncovered a new Bitcoin transfer conducted by the US government. According to Arkham’s reports, the government had transferred 10,000 BTC, valued at $593.5 million, from its cache of assets seized during the take…
Pyth Network has announced a strategic partnership with The Open Network (TON). This collaboration aims to bring high-fidelity, real-time data to the rapidly growing TON ecosystem. Pyth stated in the announcement, “Pyth’s pull oracle is set to supercharge the developer experience on TON by offering apps the fastest, most efficient, and most reliable data in Web3.” .@PythNetwork and @ton_blockchain have partnered to unlock high-fidelity data for builders looking to put crypto in every pocket.Pyth’s pull oracle is set to supercharge the developer experience on TON by offering apps the fastest, most efficient, and most reliable data in… pic.twitter.com/PvcWvmhJRv — Pyth…
Key Takeaways Nasdaq ISE withdrew proposals for trading options on Bitcoin and Ethereum ETFs. Other exchanges also pulled similar proposals, with potential refilings expected. Share this article Nasdaq ISE (International Securities Exchange) has withdrawn proposals to list and trade options on spot Bitcoin and Ethereum exchange-traded funds (ETFs), according to filings with the SEC.The exchange withdrew the proposals Tuesday, stating that no comments were received after the proposal was published in the Federal Register on August 12, 2024. The withdrawal notices follow similar actions by other exchanges in recent days.MIAX, MIAX Pearl, and BOX Exchange have also retracted their respective…
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he […] Source link
Web3 Foundry Burnt has announced the launch of XION Foundation, the non-profit organization that will oversee the development and expansion of the proof-of-stake blockchain XION. The venture-backed platform also unveiled $XION, the native token of the layer-1 blockchain. Burnt shared news of these milestones in a blog post published on Aug. 14. XION launches native token XION Foundation will focus on democratizing access to Web3 across financial services, digital economies, and ownership. Helping to power these goals and providing utility within the L1 blockchain’s ecosystem will be $XION. In addition to network security, the token will drive the platform’s governance…