According to a JPMorgan report, spot Bitcoin ETFs have been available in Canada and Europe without drawing large investor interest. A possible approval of a spot Bitcoin exchange-traded fund (ETF) won’t be a game changer for crypto markets, although it might benefit the leading cryptocurrency, according to a report by JPMorgan managing director Nikolaos Panigirtzoglou….
The institution cited rising exploits against DeFi as a need for more secure CBDCs. On July 7, the Bank for International Settlements (BIS), a financial institution owned by constituent central banks, published a framework for defending central bank digital currencies (CBDCs) against cybersecurity threats. The BIS wrote: “Recent examples of smart contract hacks, which have led to…
The United Arab Emirates’ combined Bitcoin mining capacity is estimated to be around 400 megawatts or 4% of Bitcon’s global hash rate. The United Arab Emirates (UAE) is gradually solidifying its status as a go-to Bitcoin mining destination in the Middle East. The country has established itself as a pro-Web3 destination for crypto-focused companies with over…
A report published by the U.K. Law Commission bolsters Bitcoin core developers’ defense that they are not liable for 111,000 BTC taken by hackers. A recent report released by the United Kingdom’s Law Commission could weaken a central argument brought by Craig Wright in his controversial lawsuit against 12 Bitcoin core developers, argues the Bitcoin Legal Defense Fund…
As an emerging technology, how can zero-knowledge proofs remedy many issues across the crypto space? Zero-knowledge proofs (ZK-proofs) are a key technology explored by many in the crypto industry. A zero-knowledge protocol is a cryptographic method that allows one party to prove to another party that something is true without revealing any information. The technology…
Starknet’s latest upgrade will scale the zk-Rollup’s throughput by 50x or more, but capacity is very different from real-world usage. Starknet’s Quantum Leap upgrade has been deployed on a testnet, with the Ethereum layer-2 scaling protocol claiming it’s capable of processing “hundreds of transactions per second.” If achieved, it would be at least a 50x…
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