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What Is the Drivechain Proposal and Why Is It Dividing the Bitcoin Community?
5.9.2023
Drivechain, a Bitcoin improvement proposal that presents a way of scaling Bitcoin using sidechains, level two blockchains that receive bridged tokens from a parent chain, is generating a loud buzz on social media from supporters and detractors. While Paul Sztorc, the author of the Drivechain...
Only Web3 Social Media Can Bring Back Power to Users — Phaver CEO Joonatan Lintala
5.9.2023
According to Joonatan Lintala, the co-founder and CEO of Phaver, the limited progress of the technology behind Web3 social media platforms is one of the reasons why prospective users are reluctant to try them out. Lintala also added that “none of the current generation Web3 protocols are...
Maker Co-Founder Proposes Future Protocol Implementation on Solana Fork
5.9.2023
Rune Christensen, a co-founder of Maker, the Ethereum-based stablecoin protocol, has proposed to reimplement the protocol on a new chain forked from Solana. This move would be the final part of “Endgame,” an update to the protocol that seeks to grow the stablecoin dai by enhancing...
JPMorgan Analyzes De-Dollarization Risk, Potential for Chinese Yuan to Displace US Dollar as Reserve Currency
5.9.2023
JPMorgan has provided an analysis of the risks of de-dollarization and the potential for the Chinese yuan to displace the U.S. dollar as the world’s reserve currency. The global investment bank says the renminbi could assume “some of the current functions of the dollar among non-aligned countries...
Bitcoin Could Follow Nikkei Path to Record High, Says Analyst
5.9.2023
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has predicted that the price of bitcoin could “follow the path of the Nikkei, which reached a 33-year high in June.” He highlighted that the largest crypto “has had a close directional relationship with the Nikkei 225.” Bitcoin’s...
BNY Mellon: US Dollar’s Global Reserve Status Safe Despite BRICS Expansion
5.9.2023
The Bank of New York Mellon has provided insights into why the growth of the BRICS economic alliance is unlikely to impact the U.S. dollar’s dominance as the global reserve currency. “We think the most important factor for dollar use into the next decade revolves around technology...
Bybit Introduces Tradegpt: AI-Powered Chatbot Offers Real-Time Crypto Market Data, Trading Tips
4.9.2023
Dubai’s Bybit cryptocurrency exchange has unveiled an artificial intelligence (AI)-powered instrument named Tradegpt. The new chatbot can scrutinize the exchange’s existing market data and offer an in-depth price evaluation by employing bitcoin’s current metrics as an example....
Crypto Betting Platform Stake.com Comfirms Hacking Incident, Over $40 Million Worth of Assets Stolen
4.9.2023
Crypto betting platform Stake.com confirmed on Sept. 4 that an unknown entity had carried out unauthorised transactions from its ethereum and Binance Smartchain hot wallets. However, the crypto-betting platform insisted that user funds were safe and that its other hot wallets remain operational....
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...
Shibarium Surpasses 1 Million Wallets in Meteoric Rise, But SHIB and Associated Tokens Face Turbulent Waters
4.9.2023
Shiba Inu’s layer two (L2) scaling endeavor, Shibarium, has successfully crossed the 1 million wallet threshold since its inception, as evidenced by data from shibariumscan.io. Yet, the project’s native token, SHIB, has seen a decline of over 4% in the past week and a substantial drop...
TOKYO BEAST – A Crypto Entertainment Game By Renowned Web3 Companies Announces Launch On Korea Blockchain Week
4.9.2023
PRESS RELEASE. Tokyo, Japan, September 4th, 2023, Chainwire. TOKYO BEAST FZCO, headquartered in Dubai, United Arab Emirates; General Manager: Tomoe Mizutani; (hereinafter “TOKYO BEAST FZCO”) has announced the crypto entertainment project “TOKYO BEAST, gumi Inc. Headquartered...
Biggest Movers: XLM 7% Higher, TON Nears $2.00 Threshold
4.9.2023
Stellar surged by as much as 7% on Monday, despite sentiment in crypto markets being mostly bearish to start the week. The token rallied for a second straight session, after a recent collision with a key price floor. Toncoin also rose, hitting a fresh multi-month high. Stellar (XLM) XLM was one...
Casascius Bitcoin Peels: $10M Cashed in 2023, Yet a $1 Billion Stash Remains Unclaimed
4.9.2023
While bitcoin (BTC) is already a limited asset, Mike Caldwell’s Casascius physical bitcoins take rarity to a whole new level. Between 2011 and 2013, he endowed over 27,000 coins and bars with nearly 100,000 BTC. As we step into September 2023, a limited supply of 19,082 Casascius physical...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates, ETH Avoids Falling Below $1,600 on Labor Day
4.9.2023
Sentiment in bitcoin remained bearish to start the week, as the cryptocurrency remained below $26,000 on Monday. Market volume was relatively low in today’s session, as a result of the U.S. Labor Day celebration. Ethereum was slightly higher, as the price managed to remain above $1,600....
What Is EIP-4844? A Look at Proto-Danksharding and Its Effect On Rollup Fees
4.9.2023
Ethereum Improvement Proposal 4844 (EIP-4844), also known as Proto-Danksharding, introduces a set of changes that seek to lay the logic and “scaffolding” for scaling Ethereum through sharding but without adding sharding itself. Its implementation aims to reduce the transaction fees...
The Hourglass Collective: Pioneering Web3 Adoption Through Incubation and Entertainment
4.9.2023
PRESS RELEASE. [Singapore, September 4th 2023] – The Hourglass Collective is spearheading a new era of Web3 adoption. In a world where technological progress has sprinted from hard industries to consumer-facing revolutions, it’s now in the hands of service-oriented high-tech sectors...
Latam Insights: Worldcoin Breaks Records in Argentina, Circle Brings USDC to Chile
4.9.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Worldcoin reaches record verifications in Argentina, Circle partners with Mercado Pago to bring USDC to Chile, and Binance launches a Latam-focused remittance...
Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records
4.9.2023
The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company insiders. The section titled “Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy” shows that Bankman-Fried reportedly...
Report: Kenyan Subscribers Constituted 25% Worldcoin’s Global Total in July
4.9.2023
At some point in July, there were as many as 350,000 Kenya-based residents who had subscribed and shown interest in receiving Worldcoin’s crypto token. According to a Kenyan legislator, Worldcoin executives are now expected to appear before a parliamentary committee on Sept....
US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not ‘Rife With Noncompliance’
4.9.2023
A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over...