Blockchain News Today

Cardano Creator Charles Hoskinson Says US Government Waging War on Crypto, Urges Industry Leaders To Step Up
2 hours ago

Cardano (ADA) creator Charles Hoskinson is calling on crypto leaders to mobilize against the US...

Matter Labs Launches zkSync Era, Ethereum’s New Scaling Solution
3 hours ago

Matter Labs has announced the launch of the first-ever permissionless zkEVM mainnet, called zkSync Era. On Friday, the zkSync Era will move into the public alpha phase as early as 10:00 am ET.  A New Scaling Solution  The newest Ethereum scaling solution to reach the public mainnet stage, zkSync Era, will go live on Friday. zkSync Era was launched exclusively for developers just last month, with the project taking the next step and opening the platform for general users. Previously known as zkSync 2.0, Era was rebranded to zkSync Era last month as well.  The zkSync Era code is also completely open source, which the team sees as a considerable difference maker.  Zk-rollups refer to a type of blockchain scaling system that is based on zero-knowledge proofs. In the case of zkEVM, they are a special type of zk rollups that are compatible with the Ethereum Virtual Machine (EVM), making it easier for developers already familiar with the EVM ecosystem to design or reconfigure applications. While developers have been working with zk rollups for years, one has not been available for users that features EVM compatibility.  Host Of Projects Show Interest  Several notable projects are already live on zkSync Era. These include DeFi Ethereum wallet Argent, and a fractional algorithmic stablecoin, Frax, along with Pyth, an oracle network. Additionally, several Ethereum-based projects, such as 1inch, decentralized exchange Uniswap, and self-custodial wallet MetaMask, have all expressed interest in the project. Users will also be able to bridge funds from Ethereum by using wallets such as MetaMask. “Use zkSync Era Users can now bridge funds & experience dapps built on zkSync Era.” Developers who are familiar with Solidity, Vyper, and Yui programming languages can easily compile code for zkSync Era through the use of LLVM. Compilers such as LLVM convert smart contracts into instructions that the blockchain can interpret. Matter Labs still has to run security audits and will form a Security Council in due course to perform any emergency updates. However, the company has advised users not to risk a significant amount of funds, stating that this is just the alpha network.  Gluchowski believes that zkSync Era would have over 200 projects ready to be deployed, believing that a key differentiator would be native account abstraction, allowing users to have a far more user-friendly experience.  The zkEVM Wars  There has been considerable competition between developers to be the first in the market to come out with a zkEVM. Ethereum scaling solution Polygon had recently announced plans to launch its own zkEVM live as recently, with its equivalent offering set to go live on Monday, the 27th of March. According to Alex Gluchowski, the co-founder of Matter Labs, the timing of the zkSync Era announcement was simply a coincidence and that the company was following a set schedule following the completion of a second public security contest. He also added that the testing of the product has been quite extensive, stating,  “Now we feel completely safe to launch. You really need this layered approach to security,” Gluchowski said, adding, “Now we feel comfortable, but I mean, it’s still Alpha — people have to understand it’s still brand new technology.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Blockchain News more Blockchain News

Hackers Exploit Ethereum (ETH) Rival, Normal Activity Paused To Prevent Theft of More Tokens
2 weeks ago

Layer-1 blockchain Hedera (HBAR) had to pause normal activity this week due to a hack...

Aavegotchi bonding curve closes on exact day of DAI depeg
2 weeks ago

The price of GHST was supported by that of DAI stablecoin for over two years.

Will MakerDAO’s New Plan Save DAI From Becoming Another UST?
2 weeks ago

In the midst of the chaos that is presently plaguing the crypto market for the past twenty-four hours — with USDC depegging from its $1 value to rising concerns over the extent to which it can affect other cryptocurrencies — MakerDAO has devised an emergency plan to protect its native stablecoin DAI, from further exposure The post Will MakerDAO’s New Plan Save DAI From Becoming Another UST? appeared first on CoinGape.

Maker DAO files emergency proposal addressing 3.1B USDC exposure
2 weeks ago

"Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less," says Maker.

Regulations Crypto more Regulations Crypto

USDC Loses Peg After Circle Says It Is Holding $3.3 Billion of Cash Reserves at SVB
2 weeks ago

On Friday (March 10), Californian regulators closed Silicon Valley Bank (SVB) — due to a capital crisis and a bank run — and placed it under the control of the US Federal Deposit Insurance Corporation (FDIC). SVB has $175 billion in deposits, 89% of which is uninsured. According to a report by Reuters, the FDIC […]

Sen. Warren calls out ‘sham audits’ while SVB threatens crypto bankruptcy
2 weeks ago

Contrasting Warren’s statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank.

Crypto Assets and Banks: Regulations and Future | coindesk JAPAN | Coindesk Japan
2 weeks ago
For years, cryptocurrency companies have struggled to build and maintain relationships with banks. This is due to a lack of regulatory clarity. Currently, there is increasing pressure on US and EU banks to distance themselves from the crypto industry. While it may sound positive for crypto as it seeks to establish a code-governed financial system […]

Reviews and LongReads more Reviews and LongReads

XRP Lawyer Backs Ethereum Over Security Claims
2 weeks ago

XRP News: The latest lawsuit against the KuCoin crypto exchange has spiked the uncertainty around Ethereum (ETH), world’s second largest crypto, nature. However, Attorney fighting for XRP holders in the US SEC Vs Ripple lawsuit came forward to back ETH over the emerging Security claims. Ethereum To Be Considered As A “Security”? As per reports, The post XRP Lawyer Backs Ethereum Over Security Claims appeared first on CoinGape.

Floki Inu Arrives in India, $FLOKI Now Available to Around 1.4 Billion People
2 weeks ago

On Friday (March 10), “the people’s crypto” was listed on WazirX, one of India’s largest and oldest crypto exchanges. The idea of creating this cryptocurrency was born on 25 June 2021 after Dogecoin ($DOGE) advocate Elon Musk tweeted that the name of his Shiba Inu dog would be “Floki.” FLOKI is the utility token of […]

Why Did Bitcoin Plunge? Here’s What On-Chain Data Says
2 weeks ago

Bitcoin has slipped under the $20,000 level today for the first time in two months. Here's why this plunge may have taken place, according to on-chain data. Bitcoin Price Dropped...

Expert Who Sold Bitcoin at $25,000 Reveals His Future BTC Strategy
2 weeks ago

The post Expert Who Sold Bitcoin at $25,000 Reveals His Future BTC Strategy appeared first on Coinpedia Fintech News Crypto analyst DonAlt, who rode the Bitcoin rally from its 2022 bottom, has updated his outlook on the digital asset. In a recent video, he revealed that he would become very bullish on Bitcoin if it […]

HiTech and Digital more HiTech and Digital

Four Space Station Crew Members Target Saturday for Return to Earth on SpaceX Dragon
2 weeks ago

Four Expedition 68 crew members are nearing the end of their stay aboard the International Space Station (ISS) this weekend. Their replacements are completing their...

Here’s how media outlets are using generative AI in journalism
2 weeks ago

Generative AI is entering the media — and hacks are getting worried. Except for your loyal correspondents at TNW, of course, as automated output can’t compare to our flair and original reporting (at least, that’s what I’m telling my overlords). Other journalists, however, aren’t as blessed. Last week, the owner of Britain’s Daily Mirror and the Express became the latest media magnate to add bots to the newsroom. The publisher, Reach, has posted several AI-written articles on the local news site In Your Area. According to Reach CEO Jim Mullen, they include a listicle on “7 things to do with visitors…This story continues at The Next Web

How Einstein tried to model the shape of the Universe
2 weeks ago

Not even Einstein immediately knew the power of the equations he gave us.

How to learn to code: Our beginner's guide to coding & programming
2 weeks ago

Learning how to code will allow you to do everything from build complex apps to make your smart lights flash when you receive an email. Here's our guide on how to get started.

Security and Scams more Security and Scams

New York State Attorney General files lawsuit against KuCoin
2 weeks ago

The NY state AG was able to buy and sell crypto on KuCoin. KuCoin is however not registered in New York. This is the AG’s eighth lawsuit against shadowy cryptocurrency platforms. Letitia James, the New York state Attorney General, has announced that she has filed a lawsuit against KuCoin for issuing crypto services in New […]

Mt. Gox to extend payment due date to creditors
2 weeks ago

Start of repayment will also be extended The crypto asset (virtual currency) exchange Mt.Gox, which went bankrupt in 2014, received court approval on the 9th and set a deadline for selecting a payment method and registering payment recipient information in 2023. It reported that it was extended again on the 6th of the month. In […]

Mt. Gox’s largest creditor says he will not sell bitcoin due to be paid back: report
2 weeks ago
Mt Gox largest creditor intent One of the largest creditor funds has indicated that it will not sell Bitcoin (BTC) as Mt Gox, a cryptocurrency exchange that went bankrupt in 2014, is about to begin repayment. I found out on the 9th. An anonymous source familiar with the Mt Gox Investment Fund (MGIF), which bought […]

Press Crypto more Press Crypto

Binance, Tether Say No SVB Exposure, While Circle Stays Mum
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SEC denies VanEck spot BTC trust product, commissioners see double standard
2 weeks ago

SEC Commissioners Mark Uyeda and Hester Peirce have issued a joint statement highlighting discrepancies they see in the application of standards to applicants for ETPs.

‘NakaDollar’: Ex-BitMEX CEO Proposes Stablecoin Backed By Bitcoin And Exchanges
2 weeks ago

Former BitMEX CEO Arthur Hayes has proposed a stablecoin that aims to be completely independent of the U.S. dollar.

Huobi Token (HT) Experiences a Flash Crash But Swiftly Recovers
2 weeks ago

Coinspeaker Huobi Token (HT) Experiences a Flash Crash But Swiftly Recovers Interesting price action was experienced in Huobi Token over the past 24 hours in which the digital currency, native to the Huobi Global exchange experienced a flash crash with its price dropping by as much as 93%. In what is considered a very rare event, the digital currency rebounded at almost the same rate within a short time. Huobi Token (HT) Experiences a Flash Crash But Swiftly Recovers

Trezor crypto wallet's move into the semiconductor business isn't for everyone
2 weeks ago

Trezor plans to build its hardware wallet chips, but other crypto companies still prefer third-party imports due to technical and financial barriers.