Ethscriptions, a project inspired by the Bitcoin Ordinals protocol, is bringing a new way to mint NFTs to Ethereum. Similar to Ordinals, the project lets users “ethscribe” images to the Ethereum blockchain. Continue Reading on Coin Telegraph More
Powell’s comments came in response to committee ranking member Maxine Waters (NYSE:WAT), who asked for his reaction to the proposed stablecoin bill, which originated with the Republicans and would be the first crypto legislation in the U.S. if passed. Continue Reading on Coin Telegraph More
Data from Cointelegraph Markets Pro and TradingView confirmed a new multi-month high of $30,340 on Bitstamp.Continue Reading on Coin Telegraph More
Citing the announcement, Davies commented, “3AC is dead, long live 3AC Ventures.” On the firm’s landing page, users are greeted with the text “3AC Ventures is focused on superior risk-adjusted returns without leverage,” along with an email contact. Continue Reading on Coin Telegraph More
As shown above, Ether’s dominance in market capitalization terms grew over the past couple of years, from an 18% average in July 2021 to the current 20%. Excluding Bitcoin (BTC) from the analysis, Ether’s market share presently stands at 40.6%, while the next competitor, BNB, holds a 7.2% share.Continue Reading on Coin Telegraph More
In a tweet, Binance acknowledged users who noticed their new Lightning nodes and confirmed their presence. However, Binance highlighted that additional technical work must be completed before the Lightning integration is fully implemented, promising to provide updates along the way.Continue Reading on Coin Telegraph More
The news of these top players entering the crypto space has apparently fueled the sudden spike of Bitcoin followed by Ethereum and other cryptos jumping in price as well. Prior to that, the world’s largest wealth manager, BlackRock (NYSE:BLK), announced that it filed for a Bitcoin spot ETF, with rumors about Fidelity having similar plans following almost immediately.Besides, as reported by U.Today earlier, global wealth also filed for a spot BTC exchange-traded fund, according to a recently published SEC document.Aside from the new Wall Street-backed exchange, a lot of have begun moving their Bitcoins back into the market, according to another tweet by Santiment.Santiment also stated that Ethereum was pushed up not only by Bitcoin but also by a massive surge in trading volume on the crypto market — $222 billion last week, which was 30% more than the week before that seen.This happened after SEC first sued Ripple Labs in late 2020 and has recently been clamping down on various crypto platforms, including, again, Coinbase (when it forbade them to launch a crypto lending service last year) and Kraken.However, at the same time, large Wall Street companies are entering the crypto space as was mentioned above, including the largest bank in Germany, Deutsche Bank (ETR:DBKGn), now seeking a license to start offering crypto custodial services to its clients.Some thought leaders in crypto believe that the SEC is sweeping out major crypto companies from the U.S., so that Wall Street giants can take their place and grab up their income. However, many Bitcoin maxis believe that Wall Street entering crypto is a great sign for Bitcoin adoption and for BTC’s future.This article was originally published on U.Today More
Buterin’s writings outline two major issues. First, as users begin to hold assets across various L2s and L1s, a method is needed for users to change their access keys across multiple accounts without the need for a high number of transactions. Secondly, Buterin notes the need to handle counterfactual addresses; these are addresses not yet registered on-chain, but they need to securely hold funds.Source: Vitalik ButerinTo address these issues, Buterin proposes a unique architecture known as asset/keystore separation. Under this model, users would maintain a keystore contract that houses their verification key and the rules for its modification. In addition, wallet contracts on L1 and several L2s would read cross-chain to fetch the verification key.Two implementations of this system are proposed. The “light version” would necessitate each wallet storing the verification key locally and updating it with a cross-chain proof of the keystore’s current state. The “heavy version” would require cross-chain proof for each transaction, making keystore updates cheaper but raising per-transaction costs.Buterin identifies five types of proof schemes that could be used, ranging from Merkle proofs to Verkle proofs, each with its own strengths and weaknesses. Importantly, he emphasizes the need for cross-chain proofs, which should be highly .In the long term, the aggregation of proofs through bundling operations submitted by users can help reduce costs. Additionally, Layer 2 solutions should minimize the latency of reading the Layer 1 state. Wallets can also be placed on systems with lower Ethereum connections, such as Layer 3s or separate chains. However, the keystore should be kept either on Layer 1 or on high-security zero-knowledge rollup Layer 2s.According to Buterin, right now, Ethereum is actively moving toward better cross-chain interactions, asset/keystore separation and a stronger focus on privacy.This article was originally published on U.Today More
