Industry
Are ZK-proofs the answer to Bitcoin's ordinal and BRC-20 problems?
The Bitcoin network recently faced a litmus test due to increased demand for writing Ordinals and BRC-20 tokens to the blockchain.Herman HayesCountdown to Bitcoin Halving: Less than 50,000 Blocks Remaining
A tweet from Bitcoin Woods highlighted the milestone, adding that this puts the halving date at April 22, 2024.Herman HayesBitcoin ordinals soar to 3 million inscriptions, but most are just text
OVER $ 8 Million Has Been Paid out to the Network Since Inscript Creator Was Founded.Seth RowdenAmazon is hiring AI engineers to build a ChatGPT-like search interface
Amazon is preparing to develop and implement a new "Search" feature for its online web store that has a ChatGPT-like interface.Herman HayesTether touts financial stability after big profits, money diverted from banks
Stablecoin operator Tether Holdings withdrew more than $4.5 billion from banks in the first quarter of 2023, leading to a "significant reduction" in counterparty risk, the company said in a post touting BDO Italia's latest certification.Seth RowdenIrish newspaper apologizes for misleading article generated by AI
An Irish daily has apologized to its readers after it unknownly published an article by a guest writer who used artificial intelligence (AI) to write articles.Herman HayesAmazon implements artificial intelligence to improve logistics and delivery speed
Amazon is prioritizing the use of artificial intelligence (AI) to improve delivery speed by reducing the distance between products and customers.Seth RowdenSamsung Studying Offline Payments for South Korea's CBDC
Tech giant Samsung Electronics has reportedly teamed up with South Korea's central bank to conduct research on a central bank digital currency (CBDC) for offline payments.Herman HayesSEC Amends $22M Penalty Against LBRY, Seeks $111,000 Instead
US securities regulators are seeking to revise a $22 million penalty on decentralized content platform LBRY, acknowledging that it is unlikely to come up with the funds to pay.Herman HayesQuadrigaCX creditors to receive 13% as 'interim dividend'
Creditors of bankruptcy Canadian cryptocurrency exchange QuadrigaCX will receive 13% of their total claims as part of an "interim dividend."Seth RowdenJump Trading Faces Lawsuit Over Alleged $1.3B Profits From TerraUSD
A lawsuit filed in Illinois District Court details Jump Trading's alleged involvement in Terraform Labs' manipulation of the price of its failed algorithmic stablecoin,Seth RowdenOriginal NFT? Months Before Bitcoin Pizza Day, Someone Tried to Sell JPEGs for BTC
On May 14, Crypto Twitter was briefly ignited by suggesting that the world’s first real-world purchase made with Bitcoin might be a JPEG rather than a pizza.Seth RowdenEthereum's Beacon Chain Updated After Finality Issues
Ethereum core developers rolled out patches to Prysm Labs and Teku clients within 24 hours to deal with two beacon chain finality issues. The beacon chain acts as the consensus layer for the Ethereum network.Seth RowdenTake a breath when Beacon Chain stops completing then resume
On May 11, an unidentified problem on the Ethereum Beacon Chain caused nearly half an hour of transaction finality.Seth RowdenCelsius Moves $781M in stETH as Lido Withdrawals Open
Troubled cryptocurrency lender Celsius appears to be running out of time to move its ethereum-collateralized tokens from liquidity-collateralized platform Lido, which has just enabled withdrawals.Seth RowdenG7 Pushes to Accelerate Global Enforcement of Cryptocurrency 'Travel Rule'
The G7 committee recently met in Niigata, Japan, to discuss topics such as the impact of central bank digital currencies (CBDCs) on global finance and laws governing the transfer of crypto-assets.Seth RowdenDOJ Hunts Down DeFi Hackers and Thieves
The U.S. Department of Justice (DOJ) crypto czar is cracking down on decentralized finance (DeFi) hackers and exploiters amid a four-year rise in illicit crypto activity.Seth RowdenDigital asset market shrinks as outflows hit $200 million
On May 15, the European cryptocurrency investment company CoinShares released the latest "Digital Asset Fund Flow Report".Seth RowdenBIS Publishes Comprehensive Document on Offline CBDC Payments
The Bank for International Settlements (BIS) is actively exploring offline payment opportunities involving central bank digital currencies (CBDC).Seth RowdenFiat-backed stablecoins could be used for bail in New York under proposed bill
A New York lawmaker has introduced a new bill that would accept dollar-pegged stablecoins as a legal form of paying bail.Herman Hayes
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