Ethereum scaling remains the primary use case behind zero-knowledge proofs according to a report from ZKValidator.
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Blockchain group to push Philippines Web3 adoption via state partnership
DICT Director Emmy Lou Versoza-Delfin said there's been a rise in innovative blockchain startups in the country, signaling that the country could be a global leader in blockchain.
US industry watchdogs oppose draft bill on crypto market structure
The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation.
US industry watchdogs oppose draft bill on crypto market structure
The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation.
If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers
The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it unnecessarily clunky, according to several UX designers.
Over the years, discussion around mainstream adoption of Web3 has centered around the need to improve crypto’s user experience and “ease of use.”
However, in a July 12 Twitter post, Web3 UI/UX designer “0xDesigner” argued that certain properties of blockchain make it challenging to build easy-to-use Web2-like applications.
According to 0XDesigner, the one of the main issues with cryptocurrency applications is that every action is “irreversible” — there’s no “undo button” on the blockchain and mistakes are expensive. They added:
“Think of it this way: Web2 is like driving an automatic car. It's straightforward; you get in, press the pedal, and off you go. Web3, on the other hand, is more like driving stick.
If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers
The high stakes of crypto applications mean developers often need to prioritize security — but that comes at the cost of poor user experience.
Crypto miner Hive Digital drops 'blockchain' from name amid pivot to AI
Hive made the rebrand to reflect its “evolving focus” on revenue opportunities in AI, cloud commuting and GPUs.
Crypto miner Hive Digital drops 'blockchain' from name amid pivot to AI
Hive made the rebrand to reflect its “evolving focus” on revenue opportunities in AI, cloud commuting and GPUs.
BNB Beacon Chain hard fork adds 'panic' feature that can 'halt' blockchain
The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met.
In a July 12 statement from BNB Chain, the “ZhangHeng” upgrade is expected to take place at block height 328,088,888, which it expects will occur on July 19.
The hard fork will introduce Binance Evolution Proposal BEP-255, which seeks to implement "on-chain asset reconciliation" — which Binance believes could mitigate damage from potential cross-chain bridge exploits such as the Binance Smart Chain exploit on Oct. 7, 2022.
"Although some enhancements have been made to improve cross-chain security, such as BEP171, the security of assets on the BNB Beacon Chain itself should also be guaranteed, especially after the bridge exploitation," according to the Github post concerning BEP-255.
Binance explained that under the BEP, user balance changes will be tracked in each block and will be reconciled to identify any issues.
BNB Beacon Chain hard fork adds 'panic' feature that can 'halt' blockchain
BNB Beacon Chain mainnet is set to undergo the "ZhangHeng" hard fork around July 19, which will bring new upgrades aimed at improving security.
Bitcoin ETF would be the 'seal of approval' from SEC: Mike Novogratz
The Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and government nod for Bitcoin.
IRS probes crypto traders using Puerto Rico tax breaks: Report
“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime.
IRS probes crypto traders using Puerto Rico tax breaks: Report
“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime.
What to expect from the first Coinbase-SEC hearing
As the first hearing since the SEC lawsuit on June 6, the conference is expected to be "procedural and administrative," though it may also give a sense of the litigation's tone.
US Senators reintroduce crypto bill aimed at comprehensive regulation
The Responsible Financial Innovation Act will establish guardrails "to prevent another FTX-style event from occurring" in the wake of the 2022 market crash and many bankruptcies.
US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure
The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year.
US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure
The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year.
'AI helps traders utilize more intuitive strategies,' says Exchange
Bitget currently has a Martingale AI trading bot and a Grid Trading AI bot on its platform.
BNB’s soaring futures open interest and regulatory woes weigh on the altcoin’s price
The price of BNB token has experienced a 24.5% decline over the past 90 days, despite a 7% gain between July 10 and July 11. BNB has performed worse than the overall altcoin market, indicating that the underlying cause for the bearish momentum persists.
It is highly likely that the correction in BNB's price can be attributed to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance exchange and its CEO Changpeng "CZ" Zhao on June 5, as the decoupling coincides with that event.
BNB/USDT (blue) vs. altcoin market capitalization, 2023. Source: TradingViewTo gain a more comprehensive understanding of the situation, analyzing derivatives contracts provides valuable insights into the positions of whales and market makers.
Is the recent BNB price rally sustainable?
This analysis should highlight whether the surge above $245 on July 11 is supported by an improvement in sentiment or a balanced demand for leverage through BNB derivatives.
Price is undoubtedly the most important metric for understanding traders' sentiment, but it does not encompass all possibilities. For instance, between August 2022 and September 2022, BNB outperformed the altcoin market by 19%.
BNB’s soaring futures open interest and regulatory woes weigh on the altcoin’s price
The price of BNB has experienced a 24.5% decline over the past 90 days, despite a 7% gain between July 10 and July 11. BNB (BNB) has performed worse than the overall altcoin market, indicating that the underlying cause for the bearish momentum persists.
It is highly likely that the correction in BNB’s price can be attributed to the lawsuit filed by the U.S. Securities and Exchange Commission against Binance and its CEO, Changpeng “CZ”s Zhao, on June 5, as the decoupling coincides with that event.
BNB/USDT (blue) versus altcoin market capitalization since April 2023. Source: TradingViewTo gain a more comprehensive understanding of the situation, analyzing derivatives contracts provides valuable insights into the positions of whales and market makers.
Is the recent BNB price rally sustainable?
This analysis should highlight whether the surge above $245 on July 11 is supported by an improvement in sentiment or a balanced demand for leverage through BNB derivatives.
Price is undoubtedly the most important metric for understanding traders’ sentiment, but it does not encompass all possibilities. For instance, between August 2022 and September 2022, BNB outperformed the altcoin market by 19%.
