Base, the layer 2 blockchain backed by Coinbase (COIN), averaged a record high of 15.88 transactions per second (TPS) over the past 24-hours, beating Ethereum and rival layer 2 blockchains Arbitrum and Optimism Source
The team behind the layer 2 Starknet blockchain said that they will also hold a code review on Aug. 31 at a conference in San Francisco. Source
Those seeking to slow the progress of time spent a few days immersed in that possibility from Aug. 10–11 at the Capitale conference hall in downtown New York City. There, the sixth-annual Longevity+DeSci summit convened for its third in-person event — sequestered to online sessions amid the COVID-19 pandemic — following successful editions at the Cooper Union. This year also marked the first time that the event’s organizer, Lifespan.io, included decentralized science (DeSci) in the title, despite the growing phenomenon’s close ties to the field of longevity. DeSci on the…
Bart Stephens, the co-founder of Blockchain Capital, a prominent venture fund specializing in cryptocurrency investments, has reportedly fallen victim to an alleged SIM swap hack that cost him a staggering loss of $6.3 million worth of digital assets. This incident sheds light on the growing menace of SIM swap attacks, which the Federal Bureau of Investigation warned about in 2022. These attacks target individuals with substantial cryptocurrency holdings and have surged in frequency, with the FBI estimating a loss of $72 million to this tactic last year, marking a rise…
Sam “SBF” Bankman-Fried, the former CEO and co-founder of crypto exchange FTX, has pleaded not guilty to fraud and money laundering charges levied in an updated indictment by prosecutors, according to a report. The latest court proceedings against SBF were heard by Magistrate Judge Sarah Netburn. The former FTX CEO was charged with seven counts of fraud and money laundering along with an additional charge of campaign finance. Bankman-Fried pleaded not guilty on all counts. Judge Netburn: You are charged in seven counts [Count 8, campaign finance charges, is gone]…
Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS). On Aug. 22, the Consultative Group of Directors of Financial Stability (CGDFS) released a new report on cryptocurrencies, titled “Financial stability risks from crypto assets in emerging market economies.” The study was conducted by BIS member central banks within CGDFS including those in Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru and the United States. The document emphasized that…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Few coins have garnered as much attention and speculation as Bitcoin, often regarded as the go-to cryptocurrency for beginners. Its meteoric rise, followed by dramatic crashes, has become a hallmark of the crypto landscape. However, 2023 has presented a surprising shift in the narrative as Bitcoin finds itself in an unprecedented era of stability. While this newfound calmness has intrigued many and led some to consider it the best coin to buy, another project is gaining…
Challenging a recent claim that tracking Bitcoin against fiat currencies is futile, this article uncovers the indispensable link between them. Understanding and interpreting the market dynamics is essential in a rapidly evolving cryptocurrency landscape. Recently, a claim was made on LinkedIn, challenging the practice of tracking Bitcoin’s (BTC) price concerning fiat currencies like the USD. LinkedIn post by Keir Finlow-Bates | Source: LinkedIn Keir Finlow-Bates, an advisor at Resonance Security, argues that media news reports are ineffective for measuring Bitcoin’s market highs and lows, suggesting a departure from traditional financial…
Tuesday’s arraignment comes amid requests from the defense team to let Bankman-Fried meet with his attorneys and internet-enabled laptops at the U.S. Attorney’s office every weekday. Judge Lewis Kaplan, who is overseeing the case, ruled Monday that Bankman-Fried could meet with his attorneys until 3:00 p.m. EDT today at the office, but has not yet weighed in on the broader request. Source
Peer-to-peer (P2P) cryptocurrency trading has been a staple of the cryptocurrency community since the industry’s early days. P2P trading refers to the direct exchange of cryptocurrencies between two users without the involvement of intermediaries. P2P exchanges link buyers and sellers while also adding an extra degree of security through an escrow service. Some of the key advantages of P2P over centralized exchanges include global accessibility, a variety of payment alternatives and no transaction fees. Furthermore, P2P marketplaces have become crucial for crypto traders and enthusiasts in jurisdictions where governments are…