As of July 13, no major mining pool has signaled support for the soft fork under BIP-110. Current support remains around 1%, according to monitoring data. The proposal suggests temporarily limiting non-payment-related data in Bitcoin transactions. It restricts OP_RETURN, blocks most data fragments larger than 256 bytes, and bans certain script formats used for data […]
Ethereum consumes about 7.87 GWh of electricity per year, 99.96% less than just before The Merge. That is the conclusion of the Cambridge Centre for Alternative Finance (CCAF) in an updated study of the network’s environmental footprint. Ethereum energy use and carbon footprint after the switch to Proof-of-Stake. Source: CCAF. On September 15, 2022, Ethereum […]
Japanese financial conglomerate SBI Group will launch a lending service for its stablecoin JPYSC, offering users an annual yield of 3%. The service will be available this month through the SBI VC Trade crypto platform. The company will offer a product with a fixed term of three months. Returns are made in JPYSC: users receive […]
Kazakhstan’s president signed a decree to develop the crypto industry, the EU moved to extend MiCA to DeFi, the U.S. bitcoin reserve stalled in bureaucracy, and more from the week. Bitcoin showed resilience Early in the week, the price of the first cryptocurrency broke below $62,000 amid a new exchange of strikes between Iran and […]
Following the latest adjustment, the mining difficulty of the leading cryptocurrency decreased by 5% to 127.17 T. Source: CloverPool. In mid-June, the metric fell by 10.09% but later recovered by 7.15%. At the beginning of the year, Bitcoin’s difficulty was 148.26 T, approximately 17% higher than the current level. The gap from the all-time high […]
The DeFi protocol Bonzo Lend, part of the Hedera ecosystem, was attacked, resulting in the theft of approximately $9 million in assets. The incident was caused by the compromise of a third-party price oracle. Update: The Bonzo Lend protocol remains paused. Detailed analysis of the incident has been published in the article below. The team […]
The spread of US dollar-pegged stablecoins could increase the vulnerability of countries with fixed exchange rates and accelerate currency crises, according to a new study by IMF economists. The authors note that stablecoins facilitate access for individuals and businesses to digital dollar assets. In times of economic uncertainty, this allows for quicker withdrawal of funds […]
The US Department of Justice plans to drop charges against Matthew Goettsche in the BitClub Network case without the possibility of refiling them, according to Bloomberg Law, citing two sources and court documents. The agency reports that the office of the US Deputy Attorney General has instructed the federal prosecutor in New Jersey to seek […]
Meta has removed a feature from Muse Image that allowed image generation based on public Instagram account mentions. The company announced this change in an update to the official model announcement. On July 7, Meta introduced Muse Image as the first image generation model from Meta Superintelligence Labs, integrated into Meta AI. One of its […]
This week’s “Deconstruction” focuses on Ethereum’s new roadmap, the Federal Reserve’s hawkish shift, Strategy’s Bitcoin sale, and Solana’s contradictions. Ethereum Undergoes Radical Changes Vitalik Buterin summarized the outcomes of a researchers’ meeting in Berlin and introduced an updated roadmap under the Lean Ethereum concept—marking the network’s “third major iteration.” The upgrade priorities include quantum resistance, […]
