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0 CommentsIt is no longer viable for nation-states to destroy the Bitcoin and Ethereum network via 51% attacks due to the astronomical costs required to do so, according to the latest research from crypto intelligence firm Coin Metrics. A 51% attacks refer to a malicious actor owning more than 51% of the mining hash rate in…
The United Kingdom is moving ahead with its roadmap for a central bank digital currency (CBDC) despite privacy concerns. On Jan. 25, the U.K. government delivered the findings of its digital pound consultation paper laying out the potential risks that a retail CBDC might present. The report said, “Trust is a prerequisite for a digital pound,” but…
Spot Bitcoin exchange-traded funds (ETFs) have attracted more net inflows in the last four days of trading than the entire first four weeks. According to data from Bitcoin tracking platform Apollo, ten spot Bitcoin ETFs have generated 43,300 Bitcoin — worth $2.3 billion at current prices — in inflows over the last four days alone. Comparatively, it took…
A new Ethereum token standard that has taken the blockchain sector by storm is drawing praise and criticism from industry veterans. Dubbed ERC-404, the standard mixes the technology behind ERC-20 tokens with that of ERC-721, which is used in the creation of nonfungible tokens (NFTs). One such use is in the realm of fractionalized NFTs, where the…
Cross-chain messaging protocol Wormhole has surpassed a cumulative 1 billion in messages sent since its inception in September 2021. According to data from Wormhole Scan on Feb. 13, the messaging protocol currently processes around 110,640 daily messages, moving $30 million in daily funds, oracle feeds and nonfungible tokens (NFTs) across 30 blockchains, with $39.6 billion in cumulative volume. In…
Did the New Zealand Reserve Bank governor just let the cat out of the bag? During a parliamentary committee meeting on Feb. 12, New Zealand Reserve Bank governor Adrian Orr joked about the modern central banking system, which was met with laughter: “It’s a great business to be in, central banking, where you print money and people…
