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FTX sues LayerZero Labs, seeks to recover over $21M moved prior to bankruptcy
10.9.2023
FTX is seeking the cancellation of agreements made days before it collapsed, as well as the return of millions transferred to LayerZero Labs and its affiliates
Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base
7.9.2023
OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base
Ethereum Layer 2 Activity Near All-Time High: L2s Become the New Norm
7.9.2023
Ethereum (ETH) has become the primary hub for the booming decentralized finance (DeFi) sector, hosting thousands of blockchain projects and decentralized apps (dApps).
These applications leverage the Ethereum blockchain to provide a wide range of services, including but not limited to finance...
The Protocol: Ethereum Learns of Potential Defector as ‘Supreme Court’ Mooted
6.9.2023
What is a blockchain “sequencer?” Here’s why you need to know
Base suffers first major outage since launch
6.9.2023
Block production on Base abruptly halted for 43 minutes as developers rushed to implement a fix
Today in Crypto: Synapse Protocol Reports Potential Rugpull, IQ.wiki Partners With InvestHK, World Has 88,200 Crypto Millionaires
5.9.2023
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: Synapse Protocol Reports Potential Rugpull, IQ.wiki Partners With InvestHK, World Has 88,200 Crypto...
ETH Warsaw Sparks Poland's Rise as the Premier EU Blockchain Hub
5.9.2023
The European Union seems to have gotten its blockchain king - Poland - judging by the overwhelmingly positive feedback from the attendees of ETH Warsaw.
The conference and hackathon was held in Poland's capital between August 31 and September 3, "organized by a passionate group of local Ethereum...
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 Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network.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...
Matter Labs CEO Alex Gluchowski Proposes Ethereum Hierarchical Court System for Enhanced Network Security
4.9.2023
In a recent X thread, Matter Labs co-founder and CEO Alex Gluchowski ignited a debate within the Ethereum community by proposing the creation of an "Ethereum Supreme Court" to address the ongoing challenges surrounding smart contract implementation risks in the decentralized finance (DeFi)...
Study Shows Fastest Growing L2 Blockchains Adopt Users in Weeks, Not Months
2.9.2023
The newest layer two (L2) blockchains are being adopted at record speeds, with some reaching one million users within weeks rather than months, according to a study by Coingecko. L2 Blockchains Hit One Million Users Faster Than Ever, Coingecko Study Shows A layer two (L2) blockchain runs alongside...
Polygon makes new sidechain developer stack opensource, supporting ZK-powered Layer 2s on Ethereum
1.9.2023
Polygon’s Chain Development Kit allows developers to freely build, customize and deploy layer 2 chains connected to the wider Ethereum ecosystem
Shiba Inu’s Ethereum Bridge Revived for Shibarium Layer-2!
1.9.2023
Shibarium refers to a layer-2 blockchain. This innovative solution has been created by the dedicated Shiba Inu (SHIB) team. Layer-2 blockchain goes a long way toward reopening fund withdrawals via its Ethereum Bridge, which enables users to transfer assets between the two networks easily...
The Protocol: Friend.tech Fades as Crypto Craze, but Ethereum Is Scaling
30.8.2023
This week in blockchain tech: Polygon's new "chain development kit," Farcaster's move to Optimism, Shibarium's return and Interlay's new Bitcoin layer-2 network, and Pancake Swap expands to Consensys's Linea
Report: Tether Pivots to Bahamas’ Britannia Bank Amid US Banking Strains
30.8.2023
In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether’s supply has dipped by 1.3%, leaving 82.85 billion USDT in circulation....
Ethereum Handled Friend.tech Frenzy Without 'Gas Fee' Spike. Why That’s a Big Deal
30.8.2023
Friend.tech, Crypto's latest fad, didn't drive up congestion and fees on Ethereum the way frenzies have in the past – possibly a sign that the blockchain's efforts to scale by fostering supplemental "layer-2" networks, like Coinbase's new Base, are bearing fruit
Shiba Inu’s Shibarium Returns to Full Operation After Navigating Bridge Issues
30.8.2023
The Shiba Inu development team has announced that Shibarium is now fully functional after recent challenges where funds became inaccessible in the bridge. Shiba Inu’s Shytoshi Kusama thanked Sandeep Nailwal, the co-founder of Polygon Labs, who stepped in with crucial resources to address the issue....
Interlay Launches MVP of BOB, A New Bitcoin Layer 2 Bridge For Cross-Chain Token Transfers to the Bitcoin Network
30.8.2023
On August 29, the team behind decentralized Bitcoin infrastructure provider Interlay unveiled the Minimum Viable Product (MVP) of its BOB ("Build on Bitcoin") solution, a new Bitcoin layer 2 network.
As a hub for innovation and decentralized application development, BOB integrates Rust smart...
Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022
28.8.2023
Ethereum’s total daily transaction fees hit an eight-month low after it plunged to 1,719 ETH approximately $2.1 million on Aug 27.
The recent decline in total gas fees can be attributed to low network activity and the rise of layer 2 scaling solutions.
According to data from on-chain analytics...
Layer 2 Solution Shibarium Resumes Asset Withdrawals on Bridge, Alleviating Previous Concerns
28.8.2023
Shibarium, the Layer 2 blockchain developed by the creators of memecoin Shiba Inu, is finally resuming token withdrawals via the bridge – a tool that transfers tokens across different networks....
Read More: Layer 2 Solution Shibarium Resumes Asset Withdrawals on Bridge, Alleviating Previous...