Month: August 2023

Bitcoin (BTC) Venture Capital Is Anything but Boring: Crypto Long & Short

boss

The Segregated Witness soft-fork activated in 2017 was a technical prerequisite for the Lightning Network, which has in turn grown to a capacity that has unleashed a subsequent wave of innovation. Similarly, Taproot (activated in November 2021) sets the stage for another wave. Of note is Lightning Labs’ Taproot Assets Protocol (TAP), facilitating asset issuance directly on the Lightning Network. If successful, TAP would allow the multi-asset reality to not only exist natively on the Bitcoin stack but also inherit the Lightning Network’s speed, very low cost and settlement finality.…

Decentralized Web3 data service taps ZK-proofs for tamper-proof SQL queries

boss

Decentralized Web3 data service Space and Time has tapped into zero-knowledge proof (ZK-proof) technology to cryptographically verify information queries within its ecosystem. The company’s proprietary Proof of SQL allows the platform to generate a SNARK cryptographic proof of a query within its decentralized data network, allowing users to trust that a data query is accurate and has not been manipulated. Space and Time intends for the service to provide tamper-proof on-chain and off-chain data to blockchain services, advanced computing, artificial-intelligence and large language models. Space and Time co-founder Jay White told Cointelegraph…

Litecoin Undergoes Third ‘Halving,’ in Milestone for 12-Year-Old Blockchain

Litecoin, a “fork” or clone of Bitcoin, is sometimes affectionately referred to as “digital silver.” Both blockchains reward “miners” who process transactions and secure the network, with a reward – a combination of variable transaction fees and a predetermined “subsidy” that gets halved approximately every four years. (With Litecoin, they happen every 840,000 transaction blocks, and the average time to generate each block is about 2.5 minutes.) Source link

Uniswap Delists HEX Token After SEC Deems It An “Unregistered Security”

boss

Uniswap, the largest decentralized exchange, has removed the HEX token from its interface after it was recently declared an unregistered security by the United States Securities and Exchange Commission (SEC). This comes as another blow for the token in what has been an unpleasant week so far.  This unfavorable run has had an impact on the price of HEX, which is currently valued at $0.00486457. According to CoinGecko data, the token’s price has declined by more than 12% in the last day, as it continues in a downward trend. Uniswap…

Ripple executive discusses taxes, Dogecoin, Pomerdoge gain on weekly charts

Ripple executives and XRP holders are discussing tax implications for using the coin in cross-currency payments. Meanwhile, Dogecoin (DOGE) and Pomerdoge (POMD) posted gains on the weekly charts. On the other hand, analysts continue to debate about high-value altcoins in 2023. Dogecoin gains on the weekly chart Dogecoin is up 6.6% in the last week of trading, rising 18.1% in the previous month.  As of July 31, 2023, DOGE traded at $0.079620 with a market cap of $11.17 billion and a 24-hour trading volume of $391.62 million, a 21.94% increase.…

THORSwap Introduces New Feature Called Streaming Swaps Aimed at Better Price Execution for Large Trades

Before the introduction of Streaming Swaps, if a crypto user wanted to execute a large trade and achieve lower slippage on THORChain, they would have to manually divide the swap into several smaller transactions, resulting in higher gas fees. With the new feature, large swaps are broken down internally on THORChain, resulting in a single outbound transaction, “allowing for potentially a more favorable average price,” according to a blog post. Source