In a significant development for the cryptocurrency industry, a key United States House panel has approved two bills that aim to provide regulatory clarity to crypto firms operating in the country. The first bill, known as the Financial Innovation and Technology for the 21st Century Act, establishes rules for crypto firms regarding registration with either
Ethereum
Worldcoin, a proof of humanity protocol, recently released its audit reports conducted by security consulting firms Nethermind and Least Authority. These reports come at a time when criticism of Worldcoin’s data collection practices continues to mount. In this article, we will delve into the findings of the audit reports and explore the implications for the
In a surprising turn of events, the Optimism network has overtaken Arbitrum in transaction volume after a six-month lull. This breakthrough comes as Worldcoin launched on Optimism, propelling it to the forefront of layer 2 solutions for Ethereum. This shift in dominance marks a significant development in the world of blockchain technology. Data from blockchain
The recently published “Q2 2023 Signals Report” by Fidelity Digital Assets presents a positive outlook for Ether (ETH) in the coming months and the long term. Fidelity’s analysis is based on several factors that contribute to the bullish stance on Ether. One significant factor highlighted by Fidelity is the network’s higher burn rate compared to
In a major breakthrough for Ethereum layer-2 scaling solutions, zkSync Era has introduced Boojum, a groundbreaking proof system based on the Scalable Transparent Argument of Knowledge (STARK). This system is poised to enhance the efficiency and accessibility of Ethereum scaling protocols by leveraging zero-knowledge rollups (ZK-rollups). Boojum, a Rust-based cryptographic library developed by zkSync, implements
The Web3 decentralized domain space has witnessed a significant development with the recent collaboration between Unstoppable Domains and the Ethereum Name Service (ENS). This collaboration brings together two prominent platforms in the industry, enabling users to create human-readable domain names and cryptocurrency wallet addresses. The integration of Unstoppable Domains and ENS opens up a plethora
CLabs, the organization responsible for the development of the Celo blockchain, has recently announced plans to reintegrate with the Ethereum ecosystem. The proposal, discussed on Celo’s governance forum, outlines a transition from an independent layer-1 blockchain to an Ethereum layer-2 solution. This decision aims to enhance the experience for Celo developers and leverage Ethereum’s tooling
The global blockchain market is experiencing remarkable growth, with a projected worth of $7.4 billion in 2022 and an estimated revenue of $94 billion by the end of 2027, according to a report by MarketsandMarkets. This rapid expansion can be attributed to the increasing utilization of the Ethereum blockchain by businesses striving for digital transformation.
Geist Finance, a prominent lending protocol operating on the Fantom network, has recently announced its permanent closure. This decision comes in the wake of significant losses incurred due to the Multichain exploit. In a social media post on July 14, the development team behind Geist Finance confirmed that they have no plans to reopen the
