What is block size, and why is it important? Block size is important for maximizing storage efficiency and transaction throughput in file systems and blockchain contexts.  The amount of data processed or transferred in a single block within a computer system or storage device is referred to as the block size. It represents the basic…

Crypto investors have been moving their assets away from crypto exchange HTX (formerly known as Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million. Between Nov. 25 — the day that HTX resumed its services — and Dec. 10, the exchange witnessed some $258 million in…

The price of Bitcoin briefly fell below $41,000 on Dec. 11 at 2:15 am UTC, following a sudden 6.5% drawdown from $43,357 to as low as $40,659 in a span of 20 minutes. At the time of publication, Bitcoin was trading slightly up from the local low at $41,960 per TradingView data. Ether, the second-largest cryptocurrency by…

The United States Securities and Exchange Commission (SEC) recently met with Fidelity to seek additional clarity on its spot Bitcoin exchange-traded fund (ETF) application. According to a filing published on December 7, two Cboe BZX Exchange representatives, along with six personnel from the SEC and nine individuals from Fidelity, discussed the workings of the Wise Origin Bitcoin…

Stablecoin issuer Tether has announced another step toward cooperation with law enforcement and regulatory agencies by initiating a voluntary wallet-freezing policy, according to a blog post on Dec. 9. Since Dec. 1, Tether has been offering on the secondary market controls to freeze activity connected with Sanctioned persons on the United States Office of Foreign Assets Control…

The National Audit Office (NAO) in the United Kingdom has raised concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry. In a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has claimed that the FCA is being slow to respond and take action against illicit activities in the…

As the first blockchain and cryptocurrency, Bitcoin paved the way for everything that’s come since: nonfungible tokens (NFTs), smart contracts, tokenization, layer-2 solutions, and all the rest. Due to Bitcoin’s value to the cryptosphere, forming the bedrock that supports the rest of the market, its protocol is rarely altered. With hundreds of billions of dollars and global trust…

Bitcoin and the broader crypto market have been gleefully declared dead more than a few times during bear markets, but some experts say it would take a genuinely extreme set of events for it to truly die. According to 99Bitcoins — a website that, among other things, tracks how many times Bitcoin has been declared dead by…

As the 2023 United Nations Climate Change Conference (COP28) takes place in Dubai, United Arab Emirates, many projects participated in the climate action effort by launching blockchain-powered initiatives. From Nov. 30 to Dec. 12, diplomats and leaders from across the globe are gathering at Dubai’s Expo City to advance initiatives in climate action. Among those…

Polygon co-founder Jordi Baylina says 2024 will see the amalgamation of Polygon’s various Ethereum layer-2 scaling networks to complete its “Polygon 2.0” cross-chain coordination protocol. Speaking exclusively to Cointelegraph, Baylina said 2024 would be a litmus test to see how the Polygon ecosystem’s various networks can scale and integrate through the implementation of zero-knowledge proofs…