Month: September 2024

Polygon Labs has announced a $5 million investment in Fabric’s custom Verifiable Processing Unit (VPU) to enhance the performance of its ZK-powered protocols. This investment marks Polygon Labs as the first protocol to adopt these next-generation crypto-native hardware systems. The VPU, designed to support advanced cryptographic operations and optimized for ZK cryptography, aims to accelerate […] Source: https://news.bitcoin.com/polygon-labs-to-invest-5-million-in-acquiring-vpu-based-server-systems/

Midnight Society, the game studio behind shooter game Deadrop, has confirmed that “significant” layoffs took place after staff started to post about the move on social media. The layoffs come just three months after the company announced that it was “terminating” its relationship with Dr. Disrespect, a popular video game streamer and one of the studio’s co-founders, amid allegations that…

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On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the 700 exahash per second (EH/s) range when it tapped 693 EH/s. Rising Bitcoin Difficulty Puts Pressure on Miners Bitcoin’s difficulty now makes it 3.58% more […] Source: https://news.bitcoin.com/bitcoins-all-time-high-difficulty-challenges-miners-as-revenue-falls/

While viewers and commentators might debate who won last night’s presidential debate between Donald Trump and Kamala Harris, Polymarket bettors hoping that they would reference Bitcoin under the national spotlight were undoubtedly losers. Bitcoin and cryptocurrency went unmentioned during Tuesday’s high-stakes matchup between the Republican and Democratic nominees, souring bets on crypto prediction market platform Polymarket in the process. Traders…

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Cryptocurrency adoption is on the rise, and Web3 is quickly becoming the new frontier of digital innovation. Yet, despite the growing interest, one key challenge remains for users and businesses alike: the difficulty of converting traditional fiat currency into digital assets. This is where Fiat-to-Crypto (F2C) solutions come into play. Businesses looking to grow their user base and embrace the…

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Web3 security firm Cyvers detected suspicious transactions on Indonesian exchange Indodax’s wallets on September 11th. The attack involved over 150 transactions and digital assets worth an estimated $20.58 million are believed to have been stolen. Some experts suspect the North Korean hacking group Lazarus Group may be responsible due to attack characteristics. Indodax Hack Shows […] Source: https://news.bitcoin.com/indonesian-crypto-exchange-hit-by-20-5m-hack-lazarus-group-suspected/