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Movement Labs targets 1-second L2 finality by end of 2024: Co-founder
11.9.2024
Apps will be able to settle directly on Movement’s L2 with fast finality ‘postconfirmations’ secured by stakers, the co-founder said
Coinbase Founder Brian Armstrong Reveals Plans to Integrate Lightning Network
13.9.2023
According to Coinbase founder and CEO Brian Armstrong, Coinbase is actively working on integrating the Lightning Network (LN), the second-layer scaling protocol. Armstrong emphasized that bitcoin “is the most important asset in crypto” and added that the integration of LN would...
Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak
4.9.2023
Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning...
Turbulence in Shibarium’s Debut: $1.7M ETH Stuck and a Crypto Whale Shifts the Tide
17.8.2023
On August 16, 2023, the Shiba Inu meme coin enthusiasts celebrated the unveiling of the second-layer (L2) blockchain, Shibarium. This platform is designed to bolster decentralized app growth while tackling Ethereum’s scalability and transaction fee challenges. Yet, even amidst...
Bitcoin market cap 'flips' payments giant Visa for the 3rd time
20.2.2023
While the collapse of FTX shaved $100 billion off of BTC's market cap in just four days last year, BTC has managed to fully recover and stack on another $65 billion
First-ever Rootstock Summit signifies the new brand identity for Bitcoin’s second-layer virtual machine
1.11.2022
The Rootstock Summit is just around the corner and signifies the relaunch of the Rootstock brand. The event will bring together key influencers and ecosystem participants to make important announcements regarding Rootstock and its growing ecosystem. The Rootstock Summit takes place in Sans Souci...
Brazil-Based Neobank Nubank to Launch Own Cryptocurrency as Part of Loyalty Program
20.10.2022
Nubank, one of the largest digital banks in the world, has announced it will issue its own cryptocurrency during the first half of 2023. The currency, called Nucoin, will be issued on top of Ethereum with the help of Polygon, a second layer that allows users and developers to take advantage...
Ethereum’s Second- Layer Projects Duke It Out for Dominance
12.10.2022
Ethereum’s layer 2 platforms have been slow to gain traction, but the rollup race is heating up with the emergence of new players and key upgrades. Valid Points is CoinDesk’s weekly newsletter that breaks down Ethereum’s evolution and its impact on crypto markets
Chainalysis to Offer Lightning Network Monitoring Service to VASPs in 2022
11.12.2021
On December 10, the blockchain intelligence firm Chainalysis revealed that the company has added support for Bitcoin’s second-layer protocol the Lightning Network (LN). According to Chainalysis, firms like exchanges and virtual asset service providers (VASPs) can leverage...
Arbitrum Surpasses $1.5 Billion in TVL Following Rumors of a Possible Token Airdrop
12.9.2021
Arbitrum, a second layer expansion rollup for Ethereum, has breached the $1.5 billion of total value locked (TVL) in protocols using its services. The smart contract recorded an influx of more than 1 billion just today after a rumor started in social media that the protocol might be planning...
Elektra Group President Ricardo Salinas Hints at Inclusion of Lightning Network Payments in Mexico
8.9.2021
Ricardo Salinas, president of Elektra Group, one of the biggest retail franchises in Mexico, hinted at the possibility of integrating payments using Bitcoin’s second layer solution, the Lightning Network. Salinas made the announcement yesterday via Twitter. This would allow residents of...
Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero
2.10.2020
Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers...
Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network
2.10.2020
During the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based...
IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract
11.9.2020
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...
Ethereum Second-Layer Scalability Still Needs Work, Says Starkware CEO
2.6.2020
Uri Kolodny, co-founder and CEO of blockchain firm StarkWare, told Cointelegraph that Ethereum’s second-layer scalability solutions still need some work
Why Tokenized Projects Are Building on Bitcoin
20.11.2019
Bitcoin is something you hodl. Ethereum is something you build on. At least that has long been the official narrative, with projects favoring dedicated smart contract networks over Bitcoin for spinning out dapps and second layer solutions. Like all crypto narratives, however, this one has started...