Vitalik Buterin Sounds the Alarm for Ethereum Consensus at Risk of Overload
In a recent article, Vitalik Buterin, one of the co-founders of Ethereum, has warned against overloading the Ethereum consensus mechanism. He stressed the significance of preserving Ethereum’s simplistic approach to consensus and avoiding adding unnecessary responsibilities for validators. Buterin has highlighted the potential risks of leveraging the Ethereum validator set and social consensus for anything other than the core Ethereum …
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Uniswap Survey Finds: DeFi Needs Enhanced User-Friendliness to Attract Retail Customers
Recent research spearheaded by Uniswap Labs has spotlighted the complexity of decentralized finance (DeFi) as a significant barrier to the involvement of retail cryptocurrency enthusiasts. Based on the responses from 1,860 U.S. retail users, the study highlighted the intricate and often confusing aspects of DeFi, which discourage users from engaging with on-chain services like Uniswap. Survey Unveils Deterring Factors for …
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Apple’s Revolutionary Headset Set to Launch Metaverse Tokens to New Heights
Apple’s soon-to-be-released mixed-reality headset is anticipated to have a significant impact on the metaverse and its associated tokens. According to a report from Apple’s product analyst, Mark Gurhman, the tech giant’s latest headset is set to hit the market on June 5, marking its first major product launch since the debut of the Apple Watch in 2015. The Metaverse Realm …
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FTX Advisors’ Q1 Billing Reaches Astounding $103M
Recently, five different law firms and consulting companies have charged FTX with a staggering sum of $103 million during the first quarter of the year. These fees consisted of multiple invoices from these law firms, and it appears that FTX saw the highest amount being billed in March 2023. About the FTX Billings Five corporations – that being Sullivan & …
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MicroStrategy Q1 2023 Revenue Soars and Bitcoin Strategy Still in Play
MicroStrategy’s Q1 2023 financial results are in, revealing that the company has returned to profitability. At $147.8 million, total revenue for the quarter was up 2.6% compared to that of 2022, generating a gross profit of $122.5 million – which is an impressive 82.9% gross margin. Even after all the ups and downs, they have still kept their Bitcoin strategy …
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Zimbabwe Nears Completion of Legal Framework for Gold-Backed Digital Tokens
The Reserve Bank of Zimbabwe(RBZ) intends to roll out a digital currency supported by gold in order to stabilize the Zim dollar. These tokens are basically electronic money underpinned by the central bank’s gold reserves, which will provide holders of the local currency with an opportunity to safeguard against its instability. The laws for those digital tokens backed by gold …
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Ripple and Whales Shake Up XRP Market With Massive 350M+ Move
According to recent reports, Ripple (XRP) and other major crypto holders transferred more than 350 million XRP when the cryptocurrency’s value dropped below $0.46. This transfer of a substantial amount of XRP has caused concerns among investors who fear that these crypto whales might be divesting their assets. Ripple on the Move As per Whale Alert, a whale-tracking resource, Ripple’s …
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UniSat Wallet’s Bitcoin Ordinals Extension Under Siege by Numerous Double-Spend Attacks
The Bitcoin Ordinals, a renowned add-on to the UniSat Wallet, has reportedly experienced a considerable number of double-spend attacks. Several individuals have expressed their concerns about the issue through social media, stating that their transactions were being reversed and their funds were being stolen. The UniSat Wallet team has acknowledged the problem and is currently taking the appropriate actions to …
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Report Reveals Alarming 40% Increase in Digital Asset Phishing Scams in 2022
As per the latest report by Kaspersky, a cybersecurity firm, there has been a significant increase of 40% in digital asset phishing scams in 2022. This report highlights the growing trend of digital asset exploitation that targets crypto investors and users to steal their holdings throughout the year. While traditional methods like giveaway scams or fake wallet phishing pages are …
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Bhutan Investing Millions in Bitcoin and Other Cryptocurrencies
Bhutan, a South Asian country recognized for its conservative financial practices and prioritization of Gross National Happiness, has garnered attention for its foray into the world of cryptocurrency. The Bhutanese government has invested in multiple cryptocurrencies, such as Ethereum, Dogecoin, and Bitcoin, with the total amount of investment undisclosed. ‘ Reaction to this Move Bhutan’s decision to invest in cryptocurrencies …
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