Base, an Ethereum layer-2 blockchain incubated by Coinbase, is set to become more decentralized with the introduction of a new fault-proof system. Base took to X on Oct. 23 to announce the upcoming mainnet launch of fault proofs, or mechanisms intended to verify the correctness of transactions, such as the validity of withdrawals. With fault proofs coming…

Spot Bitcoin exchange-traded funds (ETFs) within the United States have grabbed a significant amount of inflows in recent times, and analysts are concerned that it may lead to history repeating and Bitcoin’s price sliding. “Historically, this kind of activity has been followed by bearish price movements, and we may be seeing the beginning of a…

Ethereum co-founder Vitalik Buterin said the network’s next upgrade, called “The Verge,” is designed to make Ethereum more secure and accessible, allowing its nodes to run on devices as small as a “phone or smartwatch.” The Verge aims to reduce hardware requirements using “stateless verification,” which will allow nodes to verify blockchain blocks without storing…

The infamous “fat-finger” error is a humbling reminder that the crypto sector is still vulnerable to human goof-ups, no matter how futuristic crypto feels. A fat-finger error is a mistake in which a user accidentally inputs incorrect information when sending/selling/receiving crypto, typically due to a typing mistake. This can result in massive losses or miscalculations….

Decentralized Oracle provider Chainlink will introduce a new blockchain payment solution for financial institutions. In collaboration with Swift, a global messaging network used by banks and institutions, Chainlink revealed a new integration enabling institutions to use Swift messages to interact with blockchain technology. The integration will enable digital asset settlement with minimal adjustments to existing…

Vietnam has officially released a National Blockchain Strategy. The Ministry of Information and Communications (MIC) announced the strategy on Oct. 23, outlining several key objectives to develop the country’s blockchain capabilities. It aims to develop blockchain technology, establish relevant legal frameworks and promote innovation in what it calls “the Fourth Industrial Revolution.” Key action areas…