Day: July 12, 2023

What Is Ethereum’s ‘Data Availability’ Problem, and Why Does It Matter?

Separate “data availability” layers could reduce congestion on the Ethereum network by making it easier for ancillary “rollup” networks to verify that transactional details exist and are available to download if needed — without actually downloading them. The concept might offer an alternative to Ethereum’s own proposed “danksharding” solution, seen as years away. Source Availability039dataEthereumsMatterProblem CryptoX Portal

Crypto scams are down 77% — but this exploit is making a huge comeback

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Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis. The catch, though, is that ransom attacks are back in trend, with perpetrators pocketing 62.4% more revenue than the first six months of 2022. On July 12, Chainalysis released its Mid Year Crypto Crime report, noting it’s the second consecutive year that scam revenue has trended downwards. The firm observed that historically, scam revenue increases in bull markets — but…

Blockchain gaming platform creates refundable NFT program

Blockchain gaming startup Spielworks has partnered with the Web3 platform Mycelium Network to launch a program that allows full refunds for nonfungible token (NFT) purchases.  In an announcement sent to Cointelegraph, the team explained that within the program, users who acquire NFTs called “Reverties” are eligible to get a full USD Coin (USDC) refund. The project also allows users to stake this new series of NFTs in Spielworks’s game called Dungeon Master and purchase them using USDC via a separate minting mechanism. Through the partnership, Spielworks will leverage Mycelium Network…

Firm managing over $7 trillion in assets buys more bitcoin mining stocks

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Vanguard Group, a financial manager controlling assets worth over $7.2 trillion, is buying more stocks from leading bitcoin mining companies per recent filings with the Securities and Exchange Commission (SEC). Per public data, Vanguard has been increasing its exposure to stocks from some of the United States’ top Bitcoin miners, specifically Marathon Digital and Riot Blockchain. Vanguard increases exposure to bitcoin mining stocks Records show that Vanguard holds 17.5 million shares of Marathon Digital worth $280.5 million. At…

Coinbase Wallet launches instant messaging feature with XMTP

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Coinbase Wallet users can now send instant messages to each other using their Ethereum identities, according to a  July 12 blog post from Coinbase. The new feature relies on the Extensible Message Transport Protocol (XMTP), an instant messaging system that allows users to communicate using blockchain addresses. XMTP is also used by decentralized social media network Lens. Demo of Coinbase Wallet instant messaging function. Source: Coinbase According to Coinbase’s post, select wallet users can now send messages to each other’s cb.id, .eth, or Lens usernames. The feature is being rolled…

Coinbase (COIN) Adds Ability to Direct Message Any Ethereum (ETH) Crypto Wallet

“Coinbase is enabling users to easily port their conversations from any of the ~450 applications built on XMTP to Coinbase Wallet,” said Director of Product Management Siddharth Coelho-Prabhu. “Its infrastructure allows Coinbase Wallet messages to be fully permissionless and interoperable while giving users the freedom to fully own their messages and transactions through their personal, on-chain identity.” Source AbilityAddsCoinCoinbaseCryptoDirectETHEthereumMessageWallet CryptoX Portal

New tech in diagnosis and patient care

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Artificial intelligence (AI) is no longer a concept confined to science fiction; instead, it has become a part of our everyday lives, driving advancements in various sectors, from finance to transportation. However, one of the most profound impacts of AI is being felt in the healthcare industry.  AI’s ability to learn from vast amounts of data and make predictions is changing healthcare by enhancing patient care and medical research. From diagnosing diseases with remarkable accuracy to managing patient care and pioneering personalized medicine, AI is not just an auxiliary tool…

Bitcoin’s pre-halving rally may start soon — Here’s why

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In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Standard Chartered bank’s $120,000 Bitcoin price expectation based on the halving impact. According to the report, increased miner profitability due to a pre-halving rally would “reduce the net BTC supply.” Pechman, on the other hand, doesn’t acknowledge the thesis, given that the mining difficulty will continue to increase and the news confirming Riot Platform’s investment in new ASIC equipment. In fact, the mining difficulty increased by 73% in the last 12 months, while the Bitcoin (BTC)…