Eth price trades at a key resistance level, but data highlights why the altcoin could struggle to hold $1,900.
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Will the next crypto bull run be dominated by L1s, L2s or something else?
The long-awaited “crypto spring” may be upon us as Bitcoin (BTC) and other cryptocurrency markets rise in anticipation of a full-on bull market.
Over the recent crypto winter, many different projects have been growing, gaining users and building new networks. Some of these, like Polygon, are layer-2 (L2) solutions to help scale the primary protocol, Ethereum. But what are the implications of L2s? Are they a better protocol to build on or invest in? Are other layer 1s (L1s) doing anything to stay competitive?
These questions and more are the focus of a new report from the Cointelegraph Research Terminal. The report looks at up-and-coming projects in the cryptoverse, as well as case studies for L1s like Avalanche and Hedera and how they compare to the new tech that is on the rise.
Download the report on the Cointelegraph Research Terminal.
Cointelegraph’s “L1 vs. L2: The Blockchain Scalability Showdown” report is a primer to why scaling solutions are necessary for the shortcomings of L1s. The report provides explanations of what is currently going on in the world of scalability solutions to bridges and projects that focus on interoperability.
Will the next crypto bull run be dominated by L1s, L2s or something else?
This latest report from Cointelegraph Research dives into the tsunami of solutions coming onto the market that improve security, privacy and speed from existing protocols.
Conflux multichain protocol shuts down after two years
ShuttleFlow will change ownership to be operated and developed by Zero Gravity.
Telegram Wallet avoided self-custody to ease crypto onboarding, COO says
As Telegram prepares to roll out Telegram Wallet as a native setting on the messenger in November, it’s important to understand why Wallet opted for custody over self-custody.
Yuga Labs addresses Apefest ‘vision damage’ issue; community calls out poor management
The Bored Ape community was not very impressed by the Yuga Labs' reaction to the mishap, calling out their lack of basic health management at the event.
NFT sales volume jumps to $129M in November: Data
Blockchain analytics company Nansen reported that NFT sales volumes reached 68,342 ETH in the week ending Nov. 6.
How blockchain, AI can help research into extending human life
Jasmine Smith, chief executive of Web3-based wellness app Rejuve.AI, told Cointelegraph that decentralized and AI-powered platforms for health research do not aim to replace doctors and clinicians but rather help them in their work.
China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF news
Despite regulatory clarity, Hong Kong has failed to pick up the pace regarding futures-based cryptocurrency ETFs so far.
China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF news
Despite regulatory clarity, Hong Kong has failed to pick up the pace regarding futures-based cryptocurrency ETFs so far.
Hong Kong regulator issues tokenized investments requirements amid demand
The intent behind the tokenization of SFC-authorized investment products is tied to the rising market demand and the government’s willingness to facilitate market development.
London Stock Exchange seeks digital assets director
In a LinkedIn job posting the London Stock Exchange Group says it's seeking a digital assets lead with a “passion” for digital assets, crypto and blockchain.
FTX seeks sale of Grayscale and Bitwise trust assets worth $744 million
The $744 million trust asset sale request comes after the judge approved the phased-out sale of nearly $3.4 billion in crypto assets a couple of months ago.
Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week
A "significant" shift in Bitcoin hodler sentiment provides the backdrop to BTC price action clinging to its highest levels in 18 months.
Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu
The Animoca Brands founder and CEO says spot Bitcoin ETF enthusiasm has directly correlated to increased confidence and activity in GameFi.
Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu
The Animoca Brands founder and CEO says spot Bitcoin ETF enthusiasm has directly correlated to increased confidence and activity in GameFi.
Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0
“The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.
VC Roundup: private accounts, tokenization, and healthcare infrastructure grab investors’ attention
Nocturne, Untangled Finance, Account Labs, Rymedi, and Waterfall network secure venture capital funding in the latest funding blitz.
VC Roundup: private accounts, tokenization, and healthcare infrastructure grab investors’ attention
Nocturne, Untangled Finance, Account Labs, Rymedi, and Waterfall network secure venture capital funding in the latest funding blitz.
Monero’s community wallet loses all funds after attack
A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000.
The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been identified yet.
"The CCS Wallet was drained of 2,675.73 XMR (the entire balance) on September 1, 2023, just before midnight. The hot wallet, used for payments to contributors, is untouched; its balance is ~244 XMR. We have thus far not been able to ascertain the source of the breach."
Monero’s Community Crowdfunding System (CCS) funds development proposals from its members. “This attack is unconscionable, as they’ve taken funds that a contributor might be relying on to pay their rent or buy food,” noted in the thread Monero's developer Ricardo "Fluffypony" Spagni.
Luigi and Spagni were the only two people who had access to the wallet seed phrase. According to Luigi's post, the CCS wallet was set up on an Ubuntu system in 2020, alongside a Monero node.