Earlier this year, Ordinals — a unique inscription on the smallest unit of a Bitcoin, called a Satoshi — emerged as a controversial new development. Dismissed by some as spam and embraced by others as a way to bring BRC-20 tokens and NFTs to Bitcoin, the technology stimulated a flurry of developments. Now there is excitement around “recursive inscriptions,” which…
The year-on-year growing support CBDCs is supported by ongoing domestic pilots and cross-border initiatives in various jurisdictions, banking giant Citi found. Source: https://cointelegraph.com/public/index.php/news/cbdc-citibank-faster-settlements-securities-firms
Blockchain security provider Quantstamp has launched an automated service to detect flash loan attack vectors in smart contracts. The new service is being called Economic Exploit Analysis and is based on research done at the University of Toronto. Economic Exploit Analysis will be available to protocols, whether they have been deployed or not. It will enhance Quantstamp’s audits by…
On June 28, the European Council and Parliament achieved a political consensus on the Data Act, which moves the legislation regarding non-personal data closer to fruition. Thierry Breton, European Union commissioner for the internal market, described the agreement in an X post as a “milestone in the reshaping the digital space.” Another deal! ⁰Tonight’s agreement on the #DataAct is a…
Binance Labs, the venture arm of Binance, has announced an undisclosed investment in Pendle Finance, a DeFi application focused on yield tokenization. The funding acquired by the Pendle Finance team will be channeled towards multichain expansion with a focus on “both retail and institutional users.” Currently, Pendle Finance supports three blockchains Ethereum, Arbitrum, and BNB Chain. Co-founder and CEO of…
In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman delves into Bitcoin’s recent drop to $26,000. Derivatives market analysis shows Bitcoin (BTC) options and futures metrics lack signs of professional traders going bearish, and while that doesn’t guarantee a quick return to $29,000 support, it reduces the chances of an extended correction. Pechman presents a Kaiko data…
Talk to any musician who has “made it,” and they’ll say that achieving fame is both a gift and a curse. While success in entertainment can obviously bring many positives, it also carries the pressure to stay relevant, the worry of constantly needing to stay connected to fans, and the loss of freedom and privacy that comes with being a…
Marathon Digital CEO Fred Thiel remains optimistic that the U.S. Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF). “I don’t know about giving out odds on something like this because the fact that Larry Fink and BlackRock are even trying to do this would say that they have a pretty high degree of certainty that…
Balancer appears to have safely dodged a serious hack. For now. Yesterday, the team behind the popular decentralized exchange announced that they were tipped off to a critical “vulnerability report affecting a number of V2 Pools” and urged users to withdraw funds from “affected liquidity providers (LPs) immediately.” According to Balancer’s Github page, several pools across eight blockchains in Ethereum,…
Bitcoin’s mining difficulty has hit a new all-time high despite the digital asset’s less-than-stellar price performance of late. Mining difficulty refers to how competitive it is to mine Bitcoin (BTC). The difficulty rises as more mining units get deployed, and thus suggests that the activity continues to be a profitable and popular enterprise. According to data from CoinWarz, Bitcoin’s mining…
