Circle to launch ‘official version’ of USDC natively on Arbitrum

    USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network. Circle recently announced plans for a June 8 launch of a new native version of its USD Coin stablecoin on the Arbitrum network. 1/ Circle is launching USDC natively on @Arbitrum on June 8th! Keep scrolling…

    Scientists propose quantum proof-of-work consensus for blockchain

    Boson sampling was once considered a problem looking for a solution. Now, it might be the bridge that brings quantum computing to the blockchain. A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain…

    Bitcoin fragments could become more valuable than full Bitcoins

    Collectors known as “sat hunters” are collecting satoshis from rare Bitcoin — and those fragments may eventually be worth more than regular Bitcoin. Since January, there have been over 10 million inscriptions on the largest blockchain in the world, and this number continues to grow exponentially. To provide some context, the Ordinals Protocol allows for…

    Turns out, it’s pretty difficult to insure crypto users and platforms

    A crypto insurance provider will typically assess at least 2,000 variables across 20 risk areas before they even consider insuring a platform, according to an insurance executive. Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and…

    Multichain token plunges 30% on backend upgrade delay

    The Multichain protocol’s TVL remains largely unchanged at $1.6 billion despite a large sell-off in the token. On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication. The sell-off came after users reported that their multichain funds had…

    Solana integrates AI into blockchain, raises grants fund to $10M

    The ChatGPT plugin integrated into Solana is open source and can be downloaded from GitHub. On May 23, the Solana Foundation, a nonprofit dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence (AI) using a ChatGPT plugin developed by Solana Labs. As told by developers, the ChatGPT plugin is available…