Paradigm, a prolific cryptocurrency venture capital firm, announced Friday that it had invested $20 million in a spinoff company building a new layer 2 blockchain. We expect this to accelerate blockchain development.Paradigm Chief Technology Officer (CTO) and General Partner Georgios Konstantopoulos will serve as CEO of Ithaca, according to Paradigm. Odyssey is the name of Layer 2, which Ithaca will build as part of a larger technology stack, the VC said.Layer 2 built with Reth and OP stack is now live on testnet.“Think of Ithaca as a company building a full stack of products and tools that developers need to…
Author: Crypto Flexs
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Louisa Crawford October 12, 2024 16:35 Taiko Trailblazers Season 1 rewards are now available until November 12, 2024. Learn about our efforts to ensure fair play and the exciting opportunities in Season 2. The countdown to claim rewards for Taiko Trailblazers Season 1 has officially begun, and participants have until November 12, 2024 to collect tokens, according to taiko.mirror.xyz. This marks the end of a successful season, rewarding participants for their contributions and participation. Trailblazer Memorial Season 1 saw enthusiastic participation and a significant amount of Taiko tokens were distributed. Rewards are designed to…
ZK Email Account Recovery module enables smart account recovery through decentralized email guardians. Compatible with ERC-7579 and 4337, but can also be used natively. The recovery process involves adding your email address as a guardian, which can be used to recover your account if you lose your private key by simply sending an email with your new public key. ZK Email In collaboration with Ackee Blockchain Security, we conducted a security review of email recovery from ZK Email for a total of 8 engineering days from July 4 to July 12, 2024. methodology We began our review using static analysis…
BNB Chain’s native token, BNB (BNB), rose 4.1% from October 10 to October 11, showing resilience after briefly testing the $555 support level. BNB prices have remained relatively stable since July despite the broader altcoin market falling 15.6%. These achievements make BNB the third-largest cryptocurrency with a market capitalization advantage of $15 billion over Solana (SOL).Activity on the BNB chain is decreasing and this could cause problems for the BNB price.Activity on the BNB chain’s Ochain has fallen 37% over the past week, raising investor concerns about the sustainability of BNB’s recent performance. Traders are on the lookout for Ethereum’s…
Top news of the week Mt. Gox postpones repayment plan deadline to October 2025 Mt. Gox, the defunct cryptocurrency exchange, has postponed the deadline to repay creditors by one year, bringing forward the deadline for returning funds to October 31, 2025. According to the official announcement, “there are many rehabilitation creditors who have not yet received repayment without completing the necessary procedures.” The platform was one of the world’s first cryptocurrency exchanges and at one time handled approximately 70% of the world’s Bitcoin transactions. Facing a series of security breaches and unnoticed hacks, it halted withdrawals and eventually collapsed in…
Governance DAO Proposal passed in June on the Ethereum Layer 2 network decision ARB +0.66% The project, which was meant to “catalyze the growth of the gaming ecosystem” on the network, recently faced scrutiny due to an apparent lack of communication and missed deadlines on several occasions, leading one DAO member to suggest that the funds be withdrawn. The Block previously reported that Arbitrum’s Game Catalyst Program (GCP) was passed in June of this year after being unveiled in March and aims to “immediately expand awareness and adoption of Arbitrum/Orbit/Stylus by builders and players in the gaming community.” We previously…
Former President Donald Trump currently leads Vice President Kamala Harris by 10 points on the Polymarket forecasting platform. This is a drastic twist on the September betting odds.According to recent PolyMarket data, President Trump currently has a 55% chance of securing the Oval Office in November, compared to candidate Harris’s 45%.The former president also flipped Harris’ lead in four of the six swing states and now leads in Arizona, Georgia, Michigan and Pennsylvania. Arizona and Georgia represent the widest victory margins for Republican candidates.Current 2024 election odds. Source: Polymarket.CNBC’s Jim Cramer predicted a Harris victory.While Trump is gradually overtaking Harris…
Ted Hisokawa October 12, 2024 16:52 GeForce NOW releases ‘Diablo IV: Vessel of Hatred’ DLC expanding cloud gaming library. A new sync feature for Battle.net accounts improves the user experience. The anticipated expansion pack, Diablo IV: Vessel of HatredAccording to the NVIDIA blog, it debuted at GeForce NOW. This new downloadable content (DLC) joins the cloud gaming service as part of a lineup of six games added this week. Enhanced Gameplay and New Features that vessel of hate The DLC takes players into the dangerous jungles of Nahantu and introduces a new playable class…
According to on-chain data, Ethereum whales have been engaging in continuous distributions for the past six months, which is not an ideal signal for ETH. The Ethereum cumulative trend score was red for the cohort as a whole. like In a new post on X, analyst James Van Straten points out that the Accumulation Trend Score has been showing a bleak picture for Ethereum recently. Here, “Cumulative Trend Score” refers to an indicator from Glassnode. Whether investors in a particular asset are accumulating. This indicator takes into account the size of the company as well as the net balance changes…
Top news of the week Mt. Gox postpones repayment plan deadline to October 2025 Mt. Gox, the defunct cryptocurrency exchange, has postponed the deadline to repay creditors by one year, bringing forward the deadline for returning funds to October 31, 2025. According to the official announcement, “there are many rehabilitation creditors who have not yet received repayment without completing the necessary procedures.” The platform was one of the world’s first cryptocurrency exchanges and at one time handled approximately 70% of the world’s Bitcoin transactions. Facing a series of security breaches and unnoticed hacks, it halted withdrawals and eventually collapsed in…