Litecoin (LTC), known as “the silver to Bitcoin’s gold,” has been around for almost 11 years — which is quite a feat considering a fair amount of cryptocurrencies go bust within 12 months of launching. Cointelegraph spoke with the Litecoin Foundation’s managing director, Alan Austin, about why he thinks Litecoin’s core utility is serving as a reliable means of payment.…
The Ethereum blockchain’s carbon footprint is expected to reduce by 99% following last week’s Merge event. By positioning staking as a service for retail and institutional investors, the upgrade could also have a significant impact on the crypto economy, according to a report from Bitwise on Tuesday. The company said it projects potential gains of 4%–8% for long-term investors through…
Leading NFT marketplace OpenSea has announced it will add the layer-2 Ethereum scaling solution Arbitrum. Following successful deployment tomorrow, Arbitrum will join four existing networks on the marketplace: Ethereum, Solana, Polygon, and Klaytn. 1/ We’re excited to share that OpenSea will soon support @arbitrum! 💙🚀 This is a first step in building our goal of a web3 future where people…
Scammers have hacked the official Twitter account of the Embassy of India in Oman, replacing the profile picture with Ripple CEO Brad Garlinghouse and using the reply function to spam users with fake XRP giveaway phishing links. At the time of publication, the Twitter account OmanEmbassy_Ind showed several retweets matching those of Garlinghouse, seemingly in an attempt to make the…
Blockchain cybersecurity company Certik has said a vulnerable private key was attacked in the Wintermute hack. A vulnerability in private keys generated by the Profanity app was likely exploited. The vulnerability has been known since at least January. The U.K.-based algorithmic crypto market maker announced the hack on Tuesday and said over-the-counter and centralized finance operations were not affected. About…
Ethereum miners have sold over 14,785 ETH, totaling $19.73 million as of today’s price, from September 9 up to the day of the merge, according to data from OKLink. OKLink pulls mining data across a dozen different mining pools, including F2Pool, Binance, and BTC.com On September 12, the miners reduced their holdings by 2,767 ETH, followed by another 4,121 ETH…
According to the U.S. Cybersecurity and Infrastructure Security Agency (CISA), while quantum computers are incapable of breaking public key encryption algorithms, public and private entities need to prepare for future threats against cryptography that is not quantum resistant. Most of today’s digital communications, including cryptocurrencies, leverage public key encryption and CISA believes when “quantum computers reach higher levels of computing…
Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the United States Department of the Treasury, suggested sanctioning cryptocurrency mixers could help strengthen the government’s response to foreign entities looking to use digital assets for illicit means. In a Tuesday hearing of the Senate Banking Committee, which covered sanctions on Russia, Rosenberg said having the Treasury Department…
In brief METAT8 Esports players won both of the largest tournaments at the first Axie Infinity World Championship. Axie Infinity developer Sky Mavis has announced a $2.4 million token grant towards esports competitions over the next nine months. Esports team METAT8’s slogan is, “If we don’t own it, we don’t play it.” And while the phrase refers to the organization’s…
TL;DR: To create an open financial system for the world, we need to ensure web3 is usable by everyone. This means building an identity experience that’s intuitive, forgiving, and trustworthy, combining the best of web2 and web3. Our first step is to make it easy for anyone to claim a web3 (ENS) username for free, but there’s more work to…
