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What Is EIP-4844? A Look at Proto-Danksharding and Its Effect On Rollup Fees


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...

China Set for Digital Yuan Adoption Drive Ahead of Asian Games


China is readying a fresh digital yuan adoption push ahead of next month’s Asian Games, with the nation ready to show off its CBDC to a large international audience for the first time. Citizens in the pilot zones will be able to buy tickets for the event using the central bank’s official CBDC...

SEC Chair Gary Gensler Set for Back-to-Back Hearings Before Congress


Securities and Exchange Commission (SEC) Chairman Gary Gensler is scheduled to appear before Congress twice in September, first testifying to the Senate Banking Committee on September 12 and later to the House Financial Services Committee on September 27.  The hearings follow mounting criticism...

Will USDT & USDC lose ground to PYUSD? QUBE and SOL are also set to shine


The crypto arena took another interesting turn when PayPal, a household name in global payment processing, dropped a major announcement on August 7. With the unveiling of its very own stablecoin, PayPal USD (PYUSD), the company signaled its arrival to Tether and USDC holders. But as the buzz around...

Bitcoin ETF's Future Uncertain as SEC Set to Rule on Key Filings


Bitcoin ETF applications are facing a pivotal moment, with the U.S. Securities and Exchange Commission (SEC) slated to respond to several key filings right before the upcoming Labor Day weekend. ... Read More: Bitcoin ETF's Future Uncertain as SEC Set to Rule on Key Filings

South Korean Central Bank Set to Unveil CBDC ‘Blueprint’ Next Month


The South Korean central bank, the Bank of Korea (BOK), is set to showcase a “blueprint” for its CBDC in September as the nation looks to speed up the progress of its digital KRW. Per Fn News and the Byline Network, the BOK has “successfully completed” a CBDC interoperability-focused pilot...

Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges


Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on...

Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week


FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the currently proposed preparation time and regime...

Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate & Form Industry Associations


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable...

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