Plonky3 from Polygon (MATIC) is now production ready. The new verification system toolkit is expected to bring even greater innovation in the ZK field. Succinct Labs’ SP1 validator fully demonstrates the toolkit’s transformative potential. As blockchain adoption grows, networks like Ethereum face the need to scale, which has led to advancements in several areas of cryptography. Among the teams moving the needle on Ethereum scalability is Polygon (MATIC) Labs, the developer of the Ethereum scaling network. In recent years, the team has been pushing the boundaries of what’s possible with the technology, supporting a zero-knowledge approach to scalability that promises…
Author: Crypto Flexs
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Asset management giant BlackRock has set its fee for its spot Ethereum product at 0.25% as firms file amendment forms ahead of an expected launch date next week.BlackRock said in an amended S-1 registration statement filed Wednesday that it could “waive all or part” of the fee for a certain period. The company also said it would waive part of the fee, lowering it to 0.12% for the first year after listing and for the first $2.5 billion in assets.”“The Sponsor Fee shall accrue daily at an annual rate equal to 0.25% of the net asset value of the Trust,…
LiFi protocols have been breached, causing $8 million to be lost so far. Cyber Alerts recommends revoking approval for 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae. Attackers are switching USDC and USDT to ETH, highlighting DeFi security risks. The LiFi protocol, a critical API that facilitates swaps between the Ethereum Virtual Machine (EVM) and Solana (SOL), has been hit by a destructive cyberattack. According to a report by Cyber Alerts, hackers were able to steal $8 million worth of cryptocurrencies, primarily stablecoins, by exploiting specific contract addresses associated with the LiFi protocol. The breach was detected when Cyber Alerts flagged suspicious transactions associated with the 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae…
Jessie A Ellis 17 Jul 2024 17:53 Learn how to optimize encoding and compression of Parquet string data using RAPIDS, thereby dramatically improving performance. Parquet writer offers a variety of encoding and compression options that are turned off by default. Enabling these options can provide better lossless compression for your data, but it is important to understand which options to use for optimal performance, according to the NVIDIA Tech Blog. Understanding Parquet Encoding and Compression Parquet’s encoding phase reorganizes the data to reduce its size while preserving access to each data point. The compression…
A widely known cryptocurrency trader and analyst has warned that one of the top 100 altcoins could suddenly crash and lose all its value. In a new strategy session, anonymous cryptocurrency analyst Altcoin Sherpa told his 217,900 followers on social media platform X that Sam Altman’s “proof of character” project Worldcoin (WLD) is at risk of crashing to $0. “WLD will eventually drop to $0, but it’s not clear when. This would be a great short and probably one of the best ways to hedge exposure.” The analyst notes other social media users’ posts warning of the project’s fundamentals, including…
index As we head into the second half of 2024, the crypto market is showing promising signs that it could potentially enter a new bullish phase. Several key indicators are pointing to this bullish trend, including the 65 Fear & Greed Index, the declining Network Value to Transactions (NVT) ratio (which often indicates higher trading volume in undervalued markets), and the shrinking stablecoin market cap. This could indicate asset diversification and a change in market sentiment, especially when combined with the current Greed Index. These factors indicate growing confidence in the market and a shift toward long-term investment strategies. They…
Bitcoin could head towards $220,000 after reclaiming key support levels during the current market recovery. This price target is based on past Bitcoin miner capitulation patterns observed by several cryptocurrency traders. Cryptonary, an anonymous cryptocurrency analyst, wrote in a July 17 post on X that “after the Bitcoin halving, miner capitulation period has ended,” historically, BTC prices have seen significant increases “in the months and years since.” At the time, Bitcoin (BTC) was just under $65,000.Analysts have shared a hash ribbon chart that shows the miner capitulation periods and their characteristics. According to the chart, the BTC price has increased…
People • July 17, 2024 3:37 PM EDT Posted 1 minute earlier In ~ Ethereum co-founder Vitalik Buterin has published a blog post opposing choosing political allies based on whether or not they support cryptocurrencies. Buterin highlighted legislative efforts in the United States, such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the European Union’s Markets in Cryptocurrency Regulation (MiCA), as having encouraged individuals in the crypto space to become more politically active. However, these efforts are contrary to the spirit of crypto. “There is a growing movement within the crypto space to be more…
MicroStrategy has outperformed other major stocks in terms of price performance. As of this writing, the BTC price is hovering around $65,000. Bitcoin (BTC)’s recent rally has created a bullish mood in the market over the past few days. In addition to altcoins, crypto-related companies have also risen. MicroStrategy Stock Outperforms Everyone MicroStrategy stock in particular has seen significant gains, with the company’s strategic decision to accumulate Bitcoin as a core component of its stores proving exceptionally profitable. As a result, MicroStrategy stock (MSTR) outperformed tech giants like Nvidia, Tesla and Microsoft. The world’s largest corporate bitcoin holder saw its…
FIGHT Surges 2281% as LBank Unveils Meme-Inspired Wealth Strategy – Chainwire housenewsroomFIGHT Surges 2281% as LBank Unveils Meme-Inspired Wealth Strategy We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the subscriber or user to use specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications via electronic communications networks. Technical storage or access is necessary for the legitimate…