Author: Crypto Insider

Ethereum co-founder Vitalik Buterin has proposed a new Ethereum improvement protocol, EIP-7706, focused on a new gas model for transaction call data. Ethereum-based transactions currently have two types of gas fees: one for transaction execution, which covers the computational effort required to perform a transaction, and one for storage, which is the cost of storing data in…

Regulators are cracking down on privacy-preserving protocols like cryptocurrency mixers, but zero-knowledge proofs (ZK-proofs) could offer a solution for both developers and regulators. Offering privacy-preserving features in a legally compliant manner is among the biggest concerns of today’s privacy-focused blockchain protocols, which can be used by virtually anyone with internet access. However, the evolution of…

On May 13, blockchain AI platform ChainGPT will hold the initial dex offering (IDO) of its launchpad project, Wisdomise AI, in conjunction with KuCoin and Gate.io. Wisedomise is an AI-powered crypto adviser and investment assistant that helps users learn, predict, and execute digital asset trades. Ilan Rakhmanov, CEO and Founder of ChainGPT, said that the tool allows…

Blockchain infrastructure firm Blockdaemon revealed that it will be expanding its presence in the United Arab Emirates with a new office and entity in Abu Dhabi. The company revealed that its expansion plans were greenlit under the local Registration Authority of Abu Dhabi Global Market (ADGM) in an announcement shared with Cointelegraph on May. 13….

United States crypto exchange Coinbase has suffered a “system-wide outage” rendering its services unusable for those looking to access the crypto exchange on desktop or mobile. Coinbase notified users of the outage on its official status page, sharing that a “major outage” began at 4:15 am UTC on May 14. Attempts to visit the website currently shows…

China’s digital currency project reportedly still has teething problems, with a report suggesting some state Chinese workers being paid in “e-CNY,” or digital yuan, seldom use it and have been converting it to physical cash. According to a May 13 report from South China Morning Post, some Chinese cities have begun paying state employees in the country’s…