The BNB chain is set to undergo a revolutionary upgrade with the introduction of BEP 336, inspired by Ethereum’s EIP 4844. This upgrade aims to optimize data storage and processing on the blockchain, significantly reducing transaction costs by up to 90% and improving network performance. On the BNB Chain blog.What is BEP 336?BEP 336 will be officially introduced through the Haber hard fork, which will take place on June 20, 2024. BEP 336 introduces “Blob-Carrying Transactions” (BlobTx), a concept designed to streamline the transaction confirmation process on the network.Blobs are temporary, cost-effective memory segments that…
Author: Crypto Flexs
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Lido earned the highest fees compared to other protocols. As the network grows, LDO prices also fall significantly. Lido (LDO) has been one of the most dominant protocols in the staking space. But despite this, the protocol and its tokens were not as popular as other networks in the cryptocurrency industry. Lido surpasses them all According to the latest data, Lido generates the highest fees among all cryptocurrency applications. This surge in fees coming from Lido suggests that network activity is relatively high and users are consistently using this platform for staking services. Source: X However, if you look at…
Security • June 22, 2024 4:40 PM EDT Posted 1 minute ago In ~ CoinStats, a popular app that helps users create wallets and track their cryptocurrency portfolios across various chains, warned users who used the app to create wallets to move their funds after a “security incident” affecting the platform. I did. The platform also noted on Saturday that an iOS notification notifying some users that they had won a prize was actually a scam due to the same security incident. Some Android users reported receiving a notification in a thread discussing the incident on Reddit. “We are currently…
Fireblocks, a provider of secure infrastructure for digital assets, announced integration with THORChain, a decentralized liquidity protocol. The partnership aims to enhance cross-chain payment capabilities, providing users with seamless asset exchange across multiple blockchains, including Bitcoin (BTC). Ethereum (ETH), BNB chain, and Cosmos (ATOM), according to the Fireblocks blog. Introduction to THORChain THORChain is a decentralized network designed to facilitate native asset settlement between various blockchains. It operates as an exchange and automated market maker (AMM) built into the app chain. The platform supports cross-chain swaps, liquidity provision, and lending, allowing users to interact across…
Top news this week SEC suspends Ethereum investigation – Consensys The U.S. Securities and Exchange Commission (SEC) is suspending its investigation into whether Ethereum is a security, Ethereum developer Consensys announced on June 19. The investigation focused on whether Ethereum’s initial coin offering in 2014 constituted an unregistered securities offering. Consensys said the decision was made after the SEC sent a letter to the agency on June 7 asking whether it would close its investigation into Ethereum (ETH). Regulators approved an exchange-traded fund (ETF) last May, “assuming ETH as a commodity.” Kraken recovered $3 million from CertiK and ended its…
Security • June 22, 2024 2:42 PM EDT Posted 1 minute ago In ~ Turkish cryptocurrency exchange BtcTurk announced that a cyberattack affected cryptocurrencies stored in 10 hot wallets after suspicious transactions were reported. avalanche Avex -6.81% Tokens on Saturday. The exchange stated that the cold wallet containing most of the assets remains safe and the company’s solvency is still maintained. presentation. Binance CEO Richard Teng announced at Blockchain detective ZachXBT said timing analysis showed that suspicious transfers of approximately $54 million in Avalanche tokens were likely linked to the attack. The funds were transferred to exchanges such as Binance…
Pantera Capital Endorses Solana Over Ethereum Solana’s unique architecture enables faster, cheaper transactions. Pantera is investing heavily in Solana tokens through the FTX auction. Since its launch in 2015, Ethereum has been the largest blockchain capable of smart contracts and the second-largest cryptocurrency after Bitcoin. However, competition from efficiency-focused blockchains is increasing, potentially challenging Ethereum’s dominance. According to Pantera Capital, the most likely competitor to take Ethereum’s place is Solana. Its unique architecture makes it highly scalable, and recent rapid user growth has further strengthened its case. Why Pantera Capital is Investing in SolanaPantera Capital, a famous cryptocurrency venture capital…
With the school holidays approaching, many Britons are feeling stressed about packing for their trip. According to the latest census, packing is a significant pain point. Almost a third (32%) of Brits take time out from work to pack their bags, and more than a quarter (28%) describe the task as causing them significant anxiety. AI support for packaging To alleviate this stress, Google launched Gemini, an AI assistant designed to help you pack. Available for both Android and iOS, Gemini can create personalized packing lists based on details you provide. The same survey highlighted…
In recent weeks, U.S. lawmakers have called attention to the Nigerian government’s treatment. Detained Binance Executive Tigran Gambarian has been detained by the African country since February on charges of money laundering and tax evasion. Although tax evasion charges were dismissed earlier this month in a bid to “bail out” Binance, Gambarian remains in custody awaiting trial on separate money laundering charges. Two members of the U.S. Congress recently visited the detained Gambarian, claiming the executive, Binance’s head of financial crimes compliance, was suffering from malaria and pneumonia due to poor health and lack of proper medical care. The Nigerian…
Widely respected cryptocurrency trader and analyst Michaël van de Poppe outlines the potential development paths for Bitcoin (BTC) and Ethereum (ETH) while expressing optimism about the leading blockchain oracle. It is expressing. Van de Poppe told his 722,000 followers on social media platform “A similar price pattern has occurred in the past, with a 150% increase in the second half of the year. I’m expecting the same.” Source: Michaël van de Poppe/X Chainlink is trading at 0.0002254 BTC ($14.34) at the time of this writing. Next is Bitcoin. A widely-regarded analyst says Bitcoin will bottom around the $63,000-$65,000 level before…