A major proposal to increase Bitcoin’s functionality is making the rounds on Twitter—and as is now par for the course, it’s stirring controversy among developers. “Drivechains”—proposed by Paul Sztorc as BIP 300 and BIP 301—would create a native sidechain mechanism for Bitcoin, allowing BTC to be “trustlessly” bridged to separate chains. The sidechains are secured through blind merge mining, which…
A trio of researchers from the University of Cincinnati recently developed a Crypto Literacy Scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer and policy-maker understanding of cryptocurrencies and related technology. The team’s research paper, titled “Measuring Crypto Literacy,” details the gap between traditional financial literacy and crypto literacy and the need for…
Leaders of traditional companies across industries may be hearing a lot about the unique versatility and security of blockchain technology and wondering what role it could play in their own businesses. With many pundits proclaiming Web3 and decentraIization to be the future of business and financial transactions, there is likely a sense of urgency behind at least better understanding the…
The landscape of web development has undergone a profound transformation with the emergence of Web3 technologies. As blockchain and decentralized applications (DApps) gain momentum, developers are embracing this new paradigm to create a more open, secure and user-centric internet. This article will embark on a journey of learning Web3 development with the assistance of ChatGPT, exploring seven prompts that provide…
In brief The Grayscale Bitcoin Trust is a financial vehicle that enables investors to trade shares in trusts holding large pools of Bitcoin. Shares in the fund track the price of Bitcoin, but only roughly. Grayscale also offers several other exchange-traded products, tracking Ethereum, Bitcoin Cash and Litecoin among others. Grayscale’s two-year battle to launch a Bitcoin spot exchange-traded fund…
Bitcoin (BTC) neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. BTC/USD 1-day chart. Source: TradingView SEC was “arbitrary and capricious” with Bitcoin ETF rejection Data from Cointelegraph Markets Pro and TradingView captured an instant BTC price reaction to the event, with BTC/USD gaining $1,700 in around…
The legal team representing the United States Securities and Exchange Commission (SEC) in its civil case against Binance is requesting the court grant a motion to allow documents filed under seal. In an Aug. 28 filing in U.S. District Court for the District of Columbia, the SEC petitioned a federal judge for leave to file documents under seal in the…
intermediate The technology behind Bitcoin and Ethereum is groundbreaking and has opened up many potential uses. However, some characteristics make them difficult to use as a replacement for fiat currencies on a day-to-day basis: their notorious volatility. Stablecoins are referred to as the “holy grail” of cryptocurrencies. They satisfy a need that cryptocurrencies have not been able to meet so…
Want to earn a free on-chain certificate to boast your AI knowledge? Take one of Decrypt U’s free courses, Getting Started with AI, AI and Music, and AI for Business. Microsoft, creator of OpenAI, published a white paper jointly with Virginia Technical University on August 20, 2023, introducing its groundbreaking “Algorithm of Thoughts” (AoT). This novel approach to AI aims…
A judge has ordered that the Securities and Exchange Commission’s (SEC) denial of Grayscale’s spot Bitcoin ETF application be reviewed, according to an opinion issued by the U.S. Court of Appeals for the D.C. Circuit on Tuesday. The decision represents a landmark moment for crypto. The SEC has denied several applications for spot Bitcoin ETFs, which allow investors to gain…
