Day: September 1, 2023

StarkWare, Herodotus launch tech to verify data from any point in Ethereum’s history

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A new zero-knowledge proof (ZK-proof) technology is set to improve the ability to access and verify historical data from the Ethereum blockchain, with deep chain validation cited as a usability barrier of the network. Technology firm Herodotus has released its on-chain accumulator, which uses storage-proof cryptography, allowing users to verify data from any point of Ethereum’s blockchain without needing a third party. The solution makes use of StarkWare’s STARK proofs, the ZK-proof technology co-invented by mathematician Eli Ben-Sasson. StarkWare presented Herodotus with a custom-built instance of its shared prover service SHARP,…

Exploits, hacks and scams stole almost $1B in 2023: Report

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Malicious actors targeting the crypto space have taken more than $45 million in digital assets from their victims in the month of August alone and a total of $997 million year-to-date (YTD), according to a report shared by the blockchain security firm CertiK. In the report, CertiK highlighted that exit scams took around $26 million, flash loan attacks took $6.4 million and exploits took $13.5 million from their victims in August 2023. The cybersecurity firm confirmed that the total losses amounted to over $45 million. Major incidents that happened in…

Altcoin Diversification Is Aim of HashKey Capital’s $100M Digital Asset Fund

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Impact Of The Fed’s Growing War Chest On Bitcoin And Crypto

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In a recent report by Capriole Investments’ Charles Edwards explored the Federal Reserve’s ever-expanding war chest and its potential implications for the Bitcoin and crypto market. As Bitcoin gears up for its halving in April 2024, a pivotal event that will make it scarcer than gold, understanding the macroeconomic environment becomes crucial. Why Macro Matters For Bitcoin And Crypto Edwards underscores the inherent interconnectedness of global markets, asserting, “Bigger markets drive smaller markets.” This symbiotic relationship is evident in the crypto realm, where altcoins’ performance is closely tethered to Bitcoin’s…

New lawyer Patrick Kennedy joins fight

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The crypto community, digital asset organizations and lawmakers have voiced their support for the dismissal of the United States Securities Exchange Commission (SEC) vs. Coinbase lawsuit. In a recent update, lawyer Patrick Kennedy has entered the fray, seeking court approval to represent the Chamber of Digital Commerce as amicus counsel. In a legal document filed on Aug. 31, Kennedy submitted a request to be admitted pro hac vice (for this occasion) and intends to serve as counsel for amicus The Chamber of Digital Commerce. Along with the Blockchain Association, the Chamber of Digital…

IBM Consulting Provides Guidance for Implementing Digital Euro CBDC

IBM said that simplicity will play a crucial role in the initial adoption of Digital Euro, emphasizing that familiarity strengthens this process. As we know, the European Union has been working on its own central bank digital currency (CBDC) aka Digital Euro, and has been receiving consultations from global tech players. Tech giant IBM has recently shared a few ideas to make the Digital Euro a success. It proposed a list of five recommendations for designers to assist the European Central Bank (ECB) in successfully integrating its digital currency into…

Shopify and Amazon Partners to Strengthen E-commerce Industry, SHOP Shares Spike Over 10%

Amazon will release an application on the Shopify ecosystem to enable US-based Amazon merchants to add Buy with Prime into their Shopify Checkout. Shopify Inc (NYSE: SHOP) shares closed Thursday, end of August 2023, trading at  $66.49, up 10.80 percent from the day’s opening price. Yesterday’s gains cemented Shopify’s impressive performance YTD, fueled by heightened use of online shopping. The sudden gains in SHOP shares were attributed to an announcement that Shopify merchants will have the choice to offer their products to Amazon.com Inc (NASDAQ: AMZN) Prime members on Shopify…

Lululemon Athletica Announces Better than Expected Q2 Fiscal 2023 Results, LULU Shares Up Over 1.5%

Lululemon Athletica announced a revenue of about $2.2 billion, up approximately 18 percent compared to the same time last year. Canadian multinational athletic apparel retailer Lululemon Athletica Inc (NASDAQ: LULU) released its Q2 2023 financial results and the full-year outlook on Thursday. According to the announcement, the company’s operations continued to strengthen during the second quarter amid a dynamic operating environment. During the second quarter, Lululemon Athletica reported earnings per share (EPS) of $2.68 compared to $2.54 expected by analysts surveyed by Refinitiv. Additionally, the company announced a revenue of…

Oprah and The Rock collect crypto donations for Maui wildfire victims

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The crypto community joins in to support the Maui community as a relief fund championed by A-list celebrities Oprah Winfrey and Dwayne “The Rock” Johnson accepts donations in cryptocurrencies. In early August 2023, wildfires broke out on the Hawaiian island of Maui, causing massive property and personal losses as more than 2,500 acres were burned. The Rock and Oprah launched the People’s Fund of Maui to provide direct financial support to those affected by the calamity. We’re honored to announce the People’s Fund of Maui, a fund putting money directly…