Tag: Blockchain

Stablecoin presence key to blockchain legitimacy, says ZachXBT

Crypto security analyst and Paradigm adviser ZachXBT said the circulation of stablecoins from major issuers such as Circle, Tether and Paxos should be a key metric in assessing the legitimacy of blockchain networks. His comments followed US President Donald Trump’s announcement on March 2 that certain digital assets would be included in the country’s strategic crypto reserves. Trump identified Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA) as the assets to be included in the reserves.  On March 3, ZachXBT argued that the presence of stablecoins issued…

Cryptic Whale Emerges: $663M Bitcoin Hoard Resurfaces Via Pennies in Blockchain Dust

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Following February’s detection of 1,549.25 dormant bitcoins roused from cryptographic hibernation, three microtransactions—originating from wallets dormant for seven years and eight months—unveiled a colossal whale harboring 7,787.23 BTC, valued at $663 million. Digital Breadcrumbs Lead to Half-Billion-Dollar Lair As of this update, bitcoin hovers near $85,140 per unit, its valuation stabilizing after a tumultuous week […] Original

Ethereum Foundation forms external council to uphold core blockchain values

The Ethereum Foundation (EF), the nonprofit organization supporting Ethereum’s ecosystem, announced the creation of an external advisory group dedicated to preserving the blockchain network’s core values. On Feb. 28, the foundation introduced the “Silviculture Society,” a collection of individuals from outside the EF. It said the group will provide informal counsel to the EF and tend “to the (dark or otherwise) forests in the infinite garden of Ethereum.” The nonprofit said the group would work to ensure that Ethereum sustains its core values of open source, privacy, security and censorship…

Deutsche Telekom subsidiary becomes a validator for Injective blockchain

A subsidiary of one of Europe’s largest telecommunications companies, Deutsche Telekom, has become a validator for layer-1 blockchain Injective.  Deutsche Telekom MMS, a subsidiary that provides consulting and software development services, will validate transactions and participate in onchain governance, according to the Feb. 27 blog post from Injective.  Eric Chen, CEO of Injective, said the blockchain is “thrilled to have one of the world’s leading telecommunications companies” coming on board as a validator.  “This is yet another example of Web3 becoming more and more institutional and fully integrated into a…

Sixth Street backs blockchain lender Figure with $200M investment

Global investment firm Sixth Street has invested $200 million in Figure Technology Solutions, a US-based lender that uses blockchain technology to boost efficiencies and lower costs in the lending market.  According to a Feb. 27 report by The Wall Street Journal, the investment will allow Figure to issue up to $2 billion in new loans. It will also help the company expand into other lending markets.  Figure Technology primarily issues home improvement loans but also offers business loans and debt consolidation services. It also operates a personal lending business that…

Cointelegraph Bitcoin & Ethereum Blockchain News

Understanding Bitcoin solo mining Solo mining involves an individual miner independently validating Bitcoin transactions and adding new blocks to the blockchain without collaborating with others in a mining pool. This process requires substantial computational power and resources as the miner competes against a global network of participants to find a hash value that meets the Bitcoin (BTC) network’s current difficulty target. It involves repeatedly hashing the block’s header with different nonce values until a valid hash is found. The first miner to discover such a hash earns the right to…

Understanding Blockchain Resilience: Beyond 51% Attacks

Lawrence Jengar Feb 27, 2025 07:33 A comprehensive analysis of blockchain resilience against adversarial control, exploring the limits of safety and liveness in various client and network models. In the evolving landscape of blockchain technology, the resilience of blockchain systems against adversarial control remains a pivotal concern. A recent exploration by a16z crypto delves into the critical question of how many malicious validators a blockchain can endure while maintaining its core properties of liveness and security. The study examines whether the threshold…

Cronos (CRO) Pioneers Blockchain to Prepaid Card Crypto Transfers

Peter Zhang Feb 27, 2025 03:06 Cronos (CRO), in partnership with Crypto.com, introduces a groundbreaking service enabling seamless crypto transfers to prepaid cards, bridging decentralized and traditional finance. In a landmark development for the blockchain industry, Cronos (CRO) has announced the launch of a new service enabling seamless cryptocurrency transfers directly to prepaid cards. This innovative feature, realized in collaboration with Crypto.com, marks a significant milestone in the integration of decentralized and traditional financial systems. Revolutionizing Crypto Off-Ramping The service allows users…

Elon Musk’s plan to run government on blockchain faces uphill battle

Elon Musk hit the headlines in late January for a reported plan to run parts of the US government on blockchain. The idea became an international story, even though Bloomberg’s sources were anonymous and neither Musk nor the US government announced anything official (Musk did express support for the idea on X however.) The concept clearly has fans in the crypto community. Coinbase CEO Brian Armstrong posted: “Imagine if every government expenditure was done transparently onchain,” while Binance co-founder Changpeng “CZ” Zhao opined that “all governments should track all their…

Ethereum Developer Counters Idea Of Blockchain Rollback Amidst Bybit Hack

Ethereum Foundation lead developer Tim Beiko has dismissed the idea of an Ethereum blockchain rollback following the Bybit crypto exchange hack. In a detailed post on X, Beiko explained why such a proposal is impractical and unfeasible. Ethereum Network Too Interconnected For A Rollback, Beiko Says  On February 21, Dubai-based exchange Bybit suffered the largest crypto hack in history as bad actors carted away $1.4 billion in mantle-staked ETH (mETH) and other ERC-20 tokens by comprising one of the exchange’s cold wallet. As expected, this development has rocked the industry…