Ethereum scaling protocol Polygon has announced that its zero-knowledge Ethereum Virtual Machine (zkEVM) is currently experiencing downtime due to an issue with its blockchain sequencer. In a post on X, Polygon reassured its two million followers that the issue is confined to the zkEVM specifically and does not impact any other chain deployed using the Polygon chain…

A week on from the launch of Dencun, Ethereum’s latest update appears to be meeting expectations and, in some instances, surpassing them. Dencun launched on March 13 with the promise of ushering in a new era of faster and cheaper transactions. Ethereum has historically struggled to ratchet up the speed of its base layer in…

United States Securities and Exchange Commission (SEC) Chair Gary Gensler took aim at crypto industry participants, claiming some avoided registration requirements with the regulator. In a prepared speech released on March 22 for Columbia Law School, Gensler used his closing remarks to criticize crypto firms’ approach to regulatory oversight. The SEC chair spoke in favor of the benefits of…

Ether price faced a significant setback after encountering robust resistance at the $4,100 mark on March 12. Ether has seen a 9% decline over the past week, underperforming when compared to the broader cryptocurrency market, leading traders to speculate whether the current support level of $3,200 will hold. For context, the total cryptocurrency market capitalization fell…

Layerswap — a bridge between centralized crypto exchanges and layer-2 blockchains — regained access to its domain after a short-lived hijack drained roughly $100,000 of user funds. On March 20, at around 19:40 UTC, the layerswap.io domain was compromised, and users trying to access the service were redirected to a phishing website. Moments later, the hacker…

The Ethereum ecosystem is on the cusp of realizing advanced security features and transaction functionality through the advent of smart contract wallets and account abstraction, but adoption of the technology remains gradual. Cointelegraph spoke to Safe co-founder Lukas Schor during ETHGlobal in London to unpack why smart contract accounts and account abstraction promise to unlock…

The reported probe into Ethereum and its foundation could be a way for the securities regulator to comfortably deny spot Ether ETFs and satisfy senator blowback without undermining its ongoing lawsuits, according to a crypto lawyer. On March 22, general partner of Van Buren Capital and finance lawyer Scott Johnsson offered his opinion on why the…

Ethereum scaling protocol Starknet anticipates increased throughput and reduced fees on its layer-2 rollup network by introducing parallel transaction functionality in 2024. The layer-2 rollup released an updated roadmap on March 20 following the successful implementation of Ethereum’s Dencun hard fork. The upgrade to the network introduced several Ethereum Improvement Proposals (EIPs), chief among them being EIP-4844….

The Riksbank, Sweden’s central bank, has released its final report on its digital krona pilot project. The report looks at the experience of end-users and focuses on offline functionality. There were mixed results. The Riksbank released its fourth and last report on the e-krona on March 20. It examined a different model for offline retail transactions from…

Ethereum developers have launched a new initiative in a bid to raise the blockchain network’s long-static gas limit, arguing that the change can be used to help scale Ethereum. On March 20, core Ethereum developer Eric Connor and former head of smart contracts at MakerDAO Mariano Conti unveiled a new website called ‘pump the gas’ to raise…