Auto Added by WPeMatico

Starkware Aims to Scale Bitcoin Using Zero-Knowledge Technology

Starkware, known for its work on Ethereum scaling solutions, announced plans to apply its zero-knowledge technology to Bitcoin. The initiative aims to enable mass-use of Bitcoin, targeting scalability that could…

Continue ReadingStarkware Aims to Scale Bitcoin Using Zero-Knowledge Technology

Software Engineer: Anchoring AI on Public Blockchains Aids in Establishing a ‘Permanent Provenance Trail’

With artificial intelligence (AI) seemingly destined to become central to everyday digital applications and services, anchoring AI models on public blockchains potentially helps to “establish a permanent provenance trail,” asserted…

Continue ReadingSoftware Engineer: Anchoring AI on Public Blockchains Aids in Establishing a ‘Permanent Provenance Trail’

Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms

In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period…

Continue ReadingStudy: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms

Shibarium’s New Checkpoint Mechanism Cuts Ethereum Bridging Time

The Shiba Inu (SHIB) network development team has dramatically improved the Shibarium network, according to a post from the Shibarium network’s X account. The work reduces the token bridging time…

Continue ReadingShibarium’s New Checkpoint Mechanism Cuts Ethereum Bridging Time

Liquid Staking Derivatives See 110,000 ETH Inflow Over 12 Days

While liquid staking protocols experienced a brief period of withdrawals, the past 12 days have seen liquid staking derivatives (LSDs) platforms gain 110,000 ether valued at $417.59 million. Swell Experiences…

Continue ReadingLiquid Staking Derivatives See 110,000 ETH Inflow Over 12 Days

Indian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability

The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.” The Indian central bank…

Continue ReadingIndian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability

Dfinity Senior Scientist: Bitcoin’s Next Significant Wave of Innovation Will Revolve Around DAOs

After the introduction of ordinals, BRC-20 tokens, and more recently, Runes, the next significant wave of innovation on Bitcoin will revolve around Decentralized Autonomous Organizations (DAOs). Aisling Connolly, the Senior…

Continue ReadingDfinity Senior Scientist: Bitcoin’s Next Significant Wave of Innovation Will Revolve Around DAOs

Zest Protocol Co-founder: Adding New Programming Capabilities Could Propel BTC’s Defi Ecosystem Beyond ETH’s

According to Tycho Onnasch, co-founder of Zest Protocol, new programming capabilities which can be added to Bitcoin could help the leading crypto asset cancel out Ethereum’s early advantage of being…

Continue ReadingZest Protocol Co-founder: Adding New Programming Capabilities Could Propel BTC’s Defi Ecosystem Beyond ETH’s

Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield

On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to…

Continue ReadingHex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield

Top Defi Tokens See Double-Digit Gains as Ethereum Soars

Amid ethereum’s value increase, the decentralized finance (defi) ecosystem has significantly benefited from ether’s double-digit growth. Leading defi tokens by market capitalization rose by 14.8% over the past day, and…

Continue ReadingTop Defi Tokens See Double-Digit Gains as Ethereum Soars