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
In a recent interview with Bloomberg, Brad Garlinghouse, the CEO of Ripple, has accused the U.S. Securities and Exchange Commission (SEC) of prioritizing “politics and power” rather than the creation of “sound policy.” Garlinghouse boldly stated that the SEC intentionally created confusion in the cryptocurrency market and used it as a means to assert its
Cryptocurrency has served as a breeding ground for fraudulent schemes and scams, with the Austin family being the latest culprits apprehended by authorities in the United States. This father-son duo, Brandon and Eugene “Hugh” Austin, are facing charges of operating a significant cryptocurrency fraud, accused of embezzling more than $10 million from unsuspecting investors. The
The rise of Wall Street Memes, a prominent retail investing community, has captured the attention of a million supporters across various social media platforms in 2021. This burgeoning community has rapidly emerged as a force to be reckoned with in the online investing world. Powered by their massive following, experts predict that their token, $WSM,
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
Binance, the leading cryptocurrency exchange in the world, is reportedly planning to lay off a significant number of employees as it confronts a legal dispute with US regulators. Although the CEO of Binance, Changpeng Zhao, has acknowledged the layoffs, he has disputed the reported figures concerning the terminated staff members. This article examines the situation
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.
The world of cryptocurrencies and non-fungible tokens (NFTs) has undoubtedly revolutionized various industries, offering new opportunities and avenues for investment and digital art. However, with the rise of these digital assets, there has also been an alarming increase in cybercrime targeting unsuspecting victims. One recent case that stands out is the alleged theft of cryptocurrencies
The crypto market has been a topic of great interest and speculation for many investors and enthusiasts. Recently, Ray Salmond, the show host and Cointelegraph head of markets, had an intriguing conversation with KryptosChain, a Polkadot ambassador and content creator, on the latest episode of Market Talks. In this article, we will analyze their discussion
