Developers from the Ethereum Layer 2 scaling project Optimism announced that a “critical bug” had been identified and subsequently patched earlier this month. The bug, which could have enabled hackers to create as much ‘ETH’ in a Optimism account balance as they wished, was first discovered by white hat hacker and iOS jailbreak software Cydia developer Jay Freeman. Last week,…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. January was yet another positive “up and to the right” type of month for the top publicly-traded miners across their bitcoin holdings and…
The below is a direct excerpt of Marty’s Bent Issue #1160: “Open source money enhancing open source code.” Sign up for the newsletter here. via Ten31 via Ten31 Here’s a great piece from Grant Gilliam, someone I am proud to call a friend and business partner at Ten31. In it, Grant dives into the ways in which Bitcoin, an open…
A panel of fintech specialists has predicted that the price of ethereum will reach $6,500 by year-end. It will then rise to $10,810 by 2025 before more than doubling to $26,338 by 2030. Fintech Specialists Share Ether Forecasts Price comparison portal Finder updated its price predictions for ether (ETH) Tuesday. The company detailed: Ethereum (ETH) will jump to US$6,500 by…
YouTube is looking at NFT integrations to provide new methods for creators to engage with fans and develop additional revenue streams. The news comes just a few weeks after YouTube CEO Susan Wojcicki hinted that the platform can use Web3 “as a source of inspiration” for growth and possibly adopt NFTs on the website. In a Feb. 10 blog post,…
MakerDAO has announced that it will begin offering a maximum of $10 million bounty to white hat hackers and cybersecurity specialists who point out legitimate security threats in its smart contracts. Maker’s (MAKER) plan to front-run attacks on its smart contracts is the largest ever on the bug bounty platform Immunefi. In fact if someone claimed the lot, it would…
Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,” JPMorgan’s analysts explained. JPMorgan’s Bitcoin Price Prediction Global investment bank JPMorgan has revealed its…
In brief Casual game maker Zynga will launch its first blockchain-based NFT game in 2022. Take-Two Interactive announced last month that it will acquire Zynga for $12.7 billion. Zynga blasted to enormous success and notoriety with 2009’s FarmVille, a Facebook game that quickly amassed 10 million daily users despite the objections of hardcore gamers. Over the years, the firm continued…
Bitcoiners are optimists. When Satoshi Nakamoto wrote and released the first code that began the Bitcoin experiment, it was an inherently optimistic act in response to the economic and monetary turbulence referenced in the genesis block. Satoshi was a cypherpunk, a group which envisioned shaping a better future through deliberate technological innovation, particularly in regards to software. Cypherpunks write code.…
Tim O’Reilly, the internet guru and the man who coined the term Web 2.0, does not sound like a big fan of Web3. On Wednesday, O’Reilly appeared on CBS Moneywatch and discussed crypto, blockchain, and the rise of Web3, the term for the next wave of the internet built on decentralized blockchain networks and platform-specific tokens. Underlining the general theme…
