Vitalik Buterin backs proposed ERC-7683 for cross-chain trade standards
    10 Aug 2024
    115 Views

    Uniswap Labs and Across Protocol have collaborated to introduce ERC-7683, a proposed standard for cross-chain trade execution. The initiative, highlighted in a recent X post by Uniswap Labs, introduces the new standard’s aim to create a unified framework for cross-chain intents and to improve interoperability between decentralized networks. The proposal has been made publicly available for review…

    OKX cracks down on Tornado Cash users with account terminations
    10 Aug 2024
    92 Views

    In an announcement aimed at reinforcing financial integrity and improving compliance measures with international sanctions, OKX CEO Star Xu declared that any accounts on the OKX exchange found to be interacting with Tornado Cash would be terminated. The announcement comes in response to escalating concerns about Tornado Cash, a decentralized mixing service that enables users to obfuscate…

    Russia legalizes Bitcoin and cryptocurrency mining
    09 Aug 2024
    74 Views

    Russian President Vladimir Putin approved legislation to reduce its reliance on the United States dollar in international trade. The law will take effect in November 2024 and allow approved mining firms to register through a state database to mine crypto. Small, individual miners can also mine digital currency without officially registering if their energy consumption…

    Miner profitability falls to record lows — Blocksbridge
    09 Aug 2024
    60 Views

    Miner hashprice, a metric that gauges mining profit margins, has fallen below $36 petahash per second (PH/s) — a record low according to a recent Blockbridge report. The storage infrastructure company predicts a dismal outlook for miner profitability if the upcoming difficulty recalculation is not adjusted lower. The report also noted that despite the price…

    ‘Dark Skippy’ method can steal Bitcoin hardware wallet keys
    09 Aug 2024
    78 Views

    Security researchers have discovered a troubling new method that hackers can use to extract private keys from a Bitcoin hardware wallet even with only signed two transactions, which they’ve named “Dark Skippy.” The vulnerability potentially affects all hardware wallet models — though it can only work if the attacker tricks the victim into downloading malicious…

    Why crypto stakeholders see bright future for prediction markets in Africa
    08 Aug 2024
    76 Views

    Decentralized prediction markets are gaining recognition as an innovative aspect of the broader cryptocurrency and blockchain ecosystem, but their adoption remains limited in many regions, including Africa. Despite this, there is a growing sentiment among crypto stakeholders that Africa holds significant potential for the success of these markets, with a rapidly expanding cryptocurrency market, increasing…