‘Bitcoin Layer 2’ sidechains aren’t really L2s: There is a better way
Money has pumped into 73 Bitcoin ‘Layer-2’ scaling solutions this year. But many are just insecure sidechains. There is a better way.
Posts published on June 12, 2024 go to media archive 3/4
The Politics of Bitcoin Development
In a recent conversation with Christian Decker from Blockstream, Bitcoin Magazine's Shinobi delved into the intricate politics of Bitcoin development. Decker, a lead Lightning developer, provided a candid look at the current competitive atmosphere…
Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply
The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the…
New Viral Meme Coin Base Dawgz Raises $1M as Crypto Expert Forecasts 10x Potential
Base Dawgz (DAWGZ), a brand-new multi-chain meme coin, has raised over $1 million in its presale. And now, one prominent analyst is predicting that DAWGZ could 10x from its current price after listing on DEXs. Base Dawgz – The Multi-Chain…
Should Banks Be Crime Fighters? The Hidden (and Not So Hidden) Costs
Pointlessly onerous anti-money laundering rules lead to debanking of individuals and even entire regions, just as “financial inclusion” is thrown around as a social objective. We need a viable alternative, says Noelle Acheson.
Orange Man Good: Selling Out On The Campaign Trail
After 20 years of forever wars, growing social decline and exacerbating economic demise, it seems that we are still immune to learning that politicians lie. Practically, the US is still in the same place it was in 2004, fueling raging conflicts…
Ripple Completes Acquisition of Standard Custody & Trust Company
Ripple has completed its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. This acquisition, announced by Ripple earlier this year, involves a trust company regulated by the New York Department of Financial…
Between Bitcoin Layers: Boltz Builds Trustless Transfers
Company Name: BoltzFounders: Kilian and MichaelDate Founded: Project began in 2019 | Incorporated in 2023Location of Headquarters: Remote | Incorporated in El SalvadorAmount of Bitcoin Held in Treasury: 100% of treasury is BTCNumber of Employees…
Meme Coin Economy Gains $4 Billion Capital Injection Ahead of Fed Meeting
The meme coin economy is thriving on Wednesday, ahead of the U.S. Federal Reserve meeting, as the sector saw nearly $4 billion injected over the last 12 hours. Several meme tokens experienced substantial gains, with BENJI rising 36.9%, MAGA…
Bulls Takes Charge: XRP Price Undergoes Brief Recovery
XRP has recently experienced a temporary recovery amidst ongoing market volatility. After a period of sustained downward pressure, XRP’s price has rebounded, offering a brief respite for traders and investors. This recovery comes amid a…
Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto
President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support?
BTC price shoots up $1.5K in seconds as US CPI shows inflation slowing
Bitcoin comes charging back after a single U.S. macro data print reverses days of BTC price declines.
Brazil's Largest Bank Itaú Opens Bitcoin and Crypto Trading to All Users
60,000,000 customers at Brazil&
Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly…
Aethir launches decentralized cloud network on Ethereum mainnet
Aethir’s launch on the Ethereum mainnet brings attention to the role DePINs can play in the future of Web3 and a more decentralized future.
Lightning Is the Common Language of the Bitcoin Economy
One of the best parts about running Breez is the diverse range of people I get to meet and work with. We have partners from Jamaica, the USA, Switzerland, Germany, Canada, Estonia, and who knows where else. We have users in Finland, Wales, Namibia…
New open-source ZK-proof slashes SQL query times
Proof of SQL drastically reduces SQL query times from 30 minutes to sub-second speeds, promising significant efficiency gains for real-time data processing applications.
How blockchain is powering McLaren’s high-speed race data
The McLaren Artura GT4 will use blockchain technology for real-time data analysis during the race at Circuit de Spa-Francorchamps.
U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K
Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices.
Citron no longer short on GME, cites ‘market’s irrationality’
The announcement comes shortly after GME stock rose above the $30 mark.
US Bitcoin ETFs See $200 Million Outflow; Grayscale Leads With $121 Million
U.S. spot bitcoin exchange-traded funds (ETFs) witnessed $200.31 million in outflows on Tuesday following the $64 million in outflows the day prior. Grayscale’s Bitcoin Trust (GBTC) shed the most with a $121 million reduction. Spot Bitcoin…
OKX investigates multi-million account thefts after SIM swap attacks
According to SlowMist, despite the two similar phishing incidents, OKX’s two-factor authentication mechanism was not the main vulnerability point.
Web3 and gaming: Unlocking real value for users
At the 2024 Proof of Talk event in Paris, France Mythical Games COO discussed the significance of gaming as a “hero use case" for tangible user value within the Web3 and blockchain domain.
First Mover Americas: Bitcoin Stabilizes Amid Further ETF Outflows
The latest price moves in bitcoin (BTC) and crypto markets in context for June 12. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto and Artificial Intelligence Could be a $20 Trillion Megatrend, Bitwise Says
The two industries could add a collective $20 trillion to global GDP by 2030, the report said.
3 reasons why Pepe poised for another 70% jump by July
PEPE’s rising wedge pattern, rising whale accumulation and increasing rate cut bets could boost the memecoin’s price in June.
Ripple Introduces XRPL EVM Sidechain: Bringing Ethereum Virtual Machine Compatibility to XRP Ledger
Ripple has announced the development of a new product, the XRPL EVM Sidechain, which will bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger (XRPL). This move is expected to unlock new opportunities in decentralized finance (defi)…
BitRam Artwork Auction 11-13th June
Scarce City X VESA = Bitram Auction Now LIVE Get ready for the legendary Scarce City dropping a hot auction with OG artist VESA. June 11-13th…
Putin Says BRICS Developing Independent Payment System Free From Political Pressure
Russian President Vladimir Putin recently announced that the BRICS bloc aims to establish an independent payment system, free from political pressure and external interference. Putin stated that the addition of new members has increased…
DePINs are a proven path to crypto mass adoption — XYO co-founder
XYO co-founder Markus Levin argues that DePINs can make AI more trustworthy, empower users and businesses alike, and usher in blockchain mass adoption.