Paradigm-backed startup Succinct Labs announced Wednesday that it is working with: Office -3.93% Labs, a major contributor to the Optimism protocol, is working to “solve” ZK rollups.”Over the past few months we’ve been working closely with OP Labs. “The team has built OP Succinct, a seamless way to upgrade any OP Stack chain to use zero-knowledge proofs in under an hour,” Succinct wrote in a post on X. Optimism is a layer 2 scaling solution for Ethereum that aims to provide faster and cheaper transactions while maintaining the security and compatibility of the Ethereum mainnet. It uses Optimistic rollups to…
Author: Crypto Flexs
Read More
Ethereum Name Service (ENS) announced that payments giants PayPal and Venmo have integrated support for ENS domain names. This integration will allow users to transfer crypto assets to ENS addresses using PayPal and Venmo. PayPal and Venmo have launched ENS support. On Tuesday, ENS was announced by social media platform X (…)
Jack Anderson 11 Sep 2024 13:58 Indonesia’s largest cryptocurrency exchange, Indodax, was hacked for $22 million, halting services and raising concerns about security in the cryptocurrency industry. Indonesia’s largest cryptocurrency exchange, Indodax, has officially ceased operations following a massive hack that resulted in the theft of approximately $22 million. The breach shocked the cryptocurrency community and raised questions about the exchange’s security protocols and the ongoing threat posed by cybercriminals. Details of the infringement On September 11, 2024, Indodax announced that it was temporarily shutting down its web and mobile applications to conduct a…
With Wintermute joining, Neiro On ETH saw a 400% gain in just one week. Market Makers Buy $2.37 Million Worth of Meme Coins Upon Binance Listing Despite the surge in trading volume, analysts have found red flags in NEIRO’s token economics. Wintermute, a leading trading firm focused on building liquid markets in the digital asset space, has stepped forward to create a market for Neiro On ETH (NEIRO). The new dog coin on Ethereum (ETH) is inspired by the real-life dog Neiro, who serves as the successor to the late great Kabosu.Cabos’s successor is in the spotlightNEIRO has fallen 42.3%…
If you believe Ethereum’s legion of critics on X, the blockchain is dying. On one side, it’s being beaten as ultra-sound money by Bitcoin, and on the other, it is outdone by faster and cheaper transactions by Solana. Fee revenue for the layer 1 has “collapsed” by 99% in the past six months as “extractive L2s” steal all the users, transactions and fee revenue while paying virtually nothing to the base layer. That’s made ETH slightly inflationary again, with its price sliding. The L2s are siloed from one another, and each has a financial incentive to maximize its own revenue…
Analysts argue that last night’s US presidential debate turned into a ‘news selling’ event, with risk aversion fueled by consensus that Trump’s performance against Harris was below expectations. Bitcoin price has recovered slightly to around $56,400 after falling 2.6% from around $57,700 to $56,100 in the hours following Tuesday’s televised presidential debate. “The US presidential debate was an event to sell news, Trump’s performance was below expectations compared to his previous debate with Biden, and the consensus view seems to be that it hurt him,” Bitfinex analysts said.After the debate, risk-off trading behavior intensified, with analysts emphasizing that a Trump…
The world of cryptocurrencies is evolving rapidly and staking is one of the most popular ways to earn rewards and increase your income. Various platforms offer staking facilities. Among these platforms, CryptoHeap is a leading platform due to the various facilities it offers. In this article, we will provide information on what staking is and how to get started. Staking About CryptoHeap and many other related topics Cryptohip And staking.What is staking?Staking is known as a cryptocurrency involved in the PoS system process, and involves keeping cryptocurrency in a digital wallet for a certain period of time. In this way,…
Louisa Crawford 11 September 2024 15:05 Atomic Wallet has won a ruling to dismiss a $100 million class action lawsuit related to its hack, citing lack of jurisdiction over the Estonia-based company. In a significant legal victory for Atomic Wallet, a U.S. federal judge has dismissed a class action lawsuit against the Estonia-based cryptocurrency wallet provider stemming from a $100 million hack in June 2023. The ruling, handed down by U.S. District Court Judge Philip Bremer on September 10, 2024, noted that the court had no jurisdiction over the company, which has no substantial…
Designed to provide data feeds for every token and real-world asset on every blockchain, Oracle Network DIA is set to revolutionize oracle architecture with the launch of Luminar. The testnet for the Rollup-based network is about to launch. Meanwhile, according to a press release sent to crypto.news on September 11, the launch of Lumina will expand the utility of DIA’s native token. Why Lumina? The blockchain oracle market is dominated by Chainlink (LINK) and Pyth Network (PYTH), but Lumina aims to make inroads by solving one of web3’s most persistent problems: the need for a decentralized and trustless data infrastructure.…
Bitcoin (BTC) extended its decline since Wall Street opened on September 11, as the cryptocurrency market failed to rally despite positive U.S. macroeconomic data.BTC/USD 1-hour chart. Source: TradingViewBitcoin Gives Up $56,000 as CPI Eases Inflation FearsData from Cointelegraph Markets Pro and TradingView tracked BTC price movements as daily losses exceeded 3% due to selling in the United States.Currently below $56,000, BTC/USD ignored the August Consumer Price Index (CPI) numbers, which showed inflation slowing as expected, at 0.2% monthly and 2.5% annually, according to data from the U.S. Bureau of Labor Statistics.“The overall items index rose 2.5% in the 12 months…