Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill. Source
U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT
Tag: Blockchains
Blockchain’s positive impact on sustainable development: Solana Breakpoint
Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources. Cointelegraph delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating a panel featuring three speakers that are intimately involved in projects leveraging blockchain technology to work towards meeting sustainable development goals (SDGs) around the world. The Smith School of Enterprise and the Environment defines a regenerative economy as a…
GROK Tokens Emerge on Blockchains after Musk’s AI Chatbot Announcement
GROK on the Base network has reached a $4.32 million capitalization where it has exceeded $3.5 million in trading volumes in the past 24 hours. Anonymous developers have unveiled different GROK tokens on various blockchains over the weekend. The tokens began to pop up after Elon Musk announced the beta launch of its AI chatbot Grok. Modeled after the Hitchhiker’s Guide to the Galaxy, Grok is designed to answer questions with wit and humor. It can also suggest questions to ask and engage in a dynamic conversational experience. According to…
Monolithic vs. modular blockchains
Looking at all the cryptocurrency in tracking sites like Coinmarketcap.com may leave most beginners confused at the number of tokens being offered to the public. Layer-1, layer-2, metaverse, DeFi, gaming, liquid staking, real world assets, memes and the like are like the toys in a large toy shop. Each has its own separate world. One of the more recent types of tokens that have hit the market are called layer-2 scaling solutions. Examples of these tokens are Optimism, Arbitrum, zkSync, Polygon zkEVM, Consensys Linea, Coinbase Base, Starkware and a few…
Hackers create novel way to hide malicious code in blockchains
Cybercriminals have discovered a new way to spread malware to unsuspecting users, this time by manipulating BNB Smart Chain (BSC) smart contracts to hide malware and disseminate malicious code. A breakdown of the technique known as “EtherHiding” was shared by security researchers at Guardio Labs in an Oct. 15 report, explaining that the attack involves compromising WordPress websites by injecting code that retrieves partial payloads from the blockchain contracts. The attackers hide the payloads in BSC smart contracts, essentially serving as anonymous free hosting platforms for them. Guardio Labs exposes…
Alameda Research lost $190M to scams and ‘questionable’ blockchains: Whistleblower
FTX’s sister hedge fund, Alameda Research, lost at least $190 million of its trading funds due to arguably avoidable scams, according to a former engineer at the firm. In an Oct. 12 post to X titled “The Hacks,” former Alameda Research engineer turned whistleblower Aditya Baradwaj claims that the firm’s “breathtaking” agility led to “major security incidents” as often as every few months. Incident #1: An Alameda trader got phished while trying to complete a DeFi transaction by accidentally clicking a fake link that had been promoted to the top…
Blockchain’s 2 billionth user could be an AI, says Joe Lubin
As a co-founder of the Ethereum blockchain, Joe Lubin’s footprint is all over the world of crypto. Some of the Canadian’s detractors argue that his footprint is perhaps a little too large, his reported influence on legislators and ties to centralized finance firms like JPMorgan Chase & Co. too pronounced for a longterm champion of the decentralization philosophy underpinning blockchain development. Regardless, Lubin has played a foundational role in the crypto industry, leading or bankrolling some of the most well-known on-chain products. He said he sees developers increasingly incorporating artificial…
Pay-to-use blockchains will never achieve mass adoption
Pay-to-use blockchains are done. Not for us, of course — the nerdy crypto crowd. We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked from yet, wrap some assets to leverage yield, and become OpSec professionals while we pray to the blockchain gods that the North Koreans aren’t online right now. We’re fine with this. Years of experience have dulled the pain. But the mass adoption we all hoped for? It relies on the 99% of people…
Google Cloud adds 11 blockchains to data warehouse ‘BigQuery’
Google Cloud’s BigQuery service just added 11 blockchains networks to its data warehouse, according to a September 21 blog post. The new networks include Avalanche, Arbitrum, Cronos, Ethereum Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon mainnet, Polygon Mumbai testnet, and Tron. We’re enhancing our #blockchain data offering with 11 new chains in #BigQuery, and we’re also making improvements to our existing datasets, so they are more precise, accurate, and reliable. Learn more ↓https://t.co/fNFJiHSJBO — Google Cloud (@googlecloud) September 21, 2023 BigQuery is Google’s data warehouse service. Enterprise firms can use…
DYdX Founder Antonio Juliano in Exclusive Interview Discusses Blockchain’s Migration to Cosmos
Juliano: I do strongly believe that layer 2s will get to a point where the sequencer is a network, rather than just a single operator. And that will make the sequencers much more decentralized, censorship-resistant. But the problem with having a single sequencer on layer 2’s right now is, the single sequencers are not censorship-resistant, right? It’s just like, literally a server, and the server can refuse to process your transactions if it wants to. Like, I’m not trying to pick on anyone, like literally all of them are like…