Ye Zhang, co-founder of Scroll, a layer 2 project that uses zero-knowledge proofs, is cautiously optimistic about the upcoming Dencun upgrade. in post At X, Zhang pointed out Dencun’s potential advantages, especially its low transaction fees. However, in the same post, the co-founders highlighted issues that can appear with existing layer 2 scaling solutions that use rollups. Dencun Releases EIP-4844 on Ethereum: What It Means Ethereum developers plan to implement Dencun in mid-March. Implementing EIP (Ethereum Improvement Proposal)-4844 is a big part of this hard fork. With this implementation, the proposal introduces a new “Blob Carrying Transaction” feature. What’s unique…
Author: Crypto Flexs
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World Coin world +19.94% A cryptocurrency project co-founded by Sam Altman has been banned in Spain for up to three months as the country’s data protection watchdog continues its investigation into it.in name On Wednesday, Spain’s data protection agency, AEPD, announced that it had ordered preventive measures against Tools for Humanity Corporation. The company, the core developer of Worldcoin, has a business model that involves exchanging cryptocurrencies by scanning people’s irises.“AEPD has received multiple complaints against the company for a number of violations, including lack of information, collection of data from minors, and the inability to withdraw consent,” the regulator…
After recent gains in Filecoin (FIL) and Litecoin (LTC), investors are shifting their focus to DeeStream (DST) ahead of the Bitcoin (BTC) halving in hopes of significant returns. This strategic reallocation reflects the broader trend of capital movement towards new technologies and platforms within the cryptocurrency ecosystem. DSTREAM (DST) It is a major beneficiary of pre-halving market dynamics. Filecoin (FIL) explores the decentralized storage market. Filecoin (FIL) has carved out a niche in the decentralized storage market by providing a platform for users to sell their unused storage space. Despite its innovative solutions to data storage, Filecoin (FIL) investors continue…
In a dramatic turn of events that echoes the prescient warnings of Bitcoin creator Satoshi Nakamoto, the financial system has witnessed yet another stark contrast between the faltering traditional banking sector and the growing cryptocurrency market. New York Community Bank (NYCB), whose stock price plummeted, received attention. Worrying revelations about financial health and management turmoil sent the stock plummeting by more than 40%. The turbulence comes as Bitcoin is up 58% year-to-date, hitting an all-time high of $69,000. NYCB Goes Bankrupt While Bitcoin Hits All-Time Highs The plight of NYCB, a regional lender based in Hicksville, New York, became public…
There was a time when discussions about cryptocurrencies and the various investment products and tools in the industry took place only on specialized forums and websites. Before jumping into cryptocurrency investing, it is important to understand the legalities. This is why a consulting formation company can help you set up the right business structure to manage your investments efficiently and safely.These days, hardly a day goes by that something like that happens. cryptocurrency It’s not mentioned in the mainstream media, or people are talking about cryptocurrency investing with their friends, colleagues, and co-workers. Cryptocurrency Investment It may seem overly complicated…
The emergence of liquid re-staking tokens and their impact on blockchain security and efficiencyThe new liquidity re-staking protocol gives Ethereum another opportunity to strengthen its staking ecosystem by providing a more democratic and diverse approach to staking. Unlike traditional liquid staking protocols that secure the PoS chain with deposited ETH, liquid re-staking protocols validate AVS against various systems such as rollups, oracles, and bridges. This innovation challenges the dominance of existing liquid staking leaders and expands participation in the Ethereum consensus process. By leveraging funds to validate various systems, the Liquid Restaking Protocol aims to revitalize Ethereum staking and promote…
Brave, a privacy-focused web browser with over 60 million users, has released an update to its desktop version (1.63) that introduces support for Native SegWit Bitcoin wallets within the built-in Brave Wallet. Additionally, Brave Wallet now allows users to send and receive from all types of Bitcoin addresses, including Legacy, Nested SegWit, Native SegWit, and Taproot, ensuring compatibility with third-party wallets.#bitcoin Now available in Brave Wallet on your desktop!Make sure you are using the latest version of Brave (v1.63). You will then see that option in the “Account” section of Brave Wallet.More details are in today’s blog post 👉 https://t.co/bSM1UFzu0p…
MakerDAO, Ethereum’s first DeFi lending protocol, has a 52% share of the ETH lending market. This milestone was highlighted in Steakhouse Financial’s January 2024 MakerDAO Protocol Economics Report, which showed a 22% increase in ETH lending through Spark’s cryptocurrency vaults. Much of MakerDAO’s market dominance over the past year has been attributed to Spark, which has provided high liquidity and competitive borrowing rates for DAI, the largest decentralized stablecoin. Spark is currently the third largest DeFi lending protocol in terms of Total Value Locked (TVL). SparkLend continues to maintain momentum. Last week’s achievements are as follows:Mainnet 🔷• Assets supplied increased…
CFTC Chairman Rostin Behnam told Congress that legislation is urgently needed to provide regulatory clarity to the cryptocurrency industry to properly protect investors.Behnam said the following in testimony before the House Agriculture Committee on March 6 that primarily focused on the FTC’s fiscal year 2025 budget request:Benam said:“The idea that cryptocurrencies will disappear is wrong.”Despite the fact that “no federal agency has direct regulatory authority” over the cryptocurrency industry, more than 49% of CFTC lawsuits filed in the 12 months ending October 2023 involved conduct related to digital assets, he said. added.Framework in 12 monthsDuring the hearing, Behnam spoke about…
The BNB Greenfield network is preparing for the Ural hardfork, which aims to improve user experience and storage provider performance within the BNB Chain ecosystem. The BNB Greenfield network is preparing for the highly anticipated Ural hardfork, which promises to bring a variety of exciting updates and improvements to the platform. The mainnet Ural hard fork is scheduled to occur at block height 5,347,231, which is expected to occur on March 14 at 7:00 AM UTC based on the current block interval. To ensure a smooth transition, validators and storage providers (SPs) are encouraged to upgrade their software to the…