ethereum
Bitfinity Network has announced a groundbreaking development in the blockchain space by enabling Ethereum Virtual Machine (EVM) compatibility on the Internet Computer (ICP) platform. This move allows for seamless integration of Ethereum’s smart contract functionality with Bitcoin-based assets, marking a significant milestone in cross-chain interoperability. The Bitfinity Ethereum Virtual Machine (EVM)The protocol’s Execution Layer launch introduces the Bitfinity Ethereum Virtual Machine (EVM), a Bitcoin sidechain built on the Internet Computer’s tech stack. This innovation enables Solidity-bas...
Invezz
In a first-of-its-kind case, the U.S. Department of Justice has arrested and charged two brothers, Anton Peraire-Bueno and James Pepaire-Bueno, for orchestrating a sophisticated attack on the Ethereum blockchain. The accusations against the two brothers allege that the brothers executed a novel scheme to exploit the Ethereum network, resulting in the fraudulent acquisition of approximately $25 million worth of cryptocurrency in just 12 seconds. How the Ethereum heist was executedThe DOJ indictment unveils a meticulously planned operation by the Peraire-Bueno brothers, leveraging their expertis...
Invezz
Tornado cash developer Alexey Pertsev is guilty, a panel of Judges has found. The verdict is that Pertsev helped launder a staggering $1.2 billion via the crypto mixing protocol he helped develop and launch in 2019. Pertsev has been sentenced to 64 months in prison. With the guilty verdict and sentencing, the Dutch court has likely opened a path to similar other decisions in cases facing developers in the broader decentralised finance (DeFi) and privacy coin ecosystem. As Invezz highlighted earlier, the Russian national was arrested in 2022 in the Netherlands. Read more: Tornado Cash dev Alexe...
Invezz
EigenLayer’s airdrop has been long awaited, the project has been hyped for its restaking program. The DeFi protocol has opened claims for its stake drop, the EIGEN token, that is available for users to stake and is currently non-transferable. EigenLayer opened claims for its EIGEN token stake dropEigenLayer has opened claims for the airdrop of EIGEN tokens. While these tokens remain non-transferable, users can stake them to earn rewards. EigenLayer has been controversial for geo blocking users and speculators put the fully diluted value of EIGEN at $15 billion. The Ethereum based protocol firs...
Invezz
Lisk, a key player in Layer 2 blockchain solutions and a member of the Optimism Superchain, has announced a significant collaboration with Obligate, a Swiss-based on-chain capital markets platform. This partnership focuses on deploying Obligate’s instance on the Lisk network, aiming to transform access to decentralized financial services in emerging markets. Leveraging blockchain for accessible capital solutionsObligate will utilize the Lisk L2 network, which is celebrated for its efficiency, speed, and scalability secured by Ethereum. This move is intended to empower businesses in emerging ma...
Invezz
Joe Lubin, co-founder of Ethereum and founder of Consensys, has initiated a legal battle against the U.S. Securities and Exchange Commission (SEC), contesting the regulator’s authority over Ethereum and its associated products, specifically the MetaMask crypto wallet. SEC targets MetaMask, Consensys pushes backIn April, Consensys received a Wells Notice from the SEC, a precursor to legal action, indicating potential litigation against the company. The SEC’s concern centers on MetaMask, a product developed by Consensys, which the SEC alleges operates as an unregistered securities broker. The re...
Invezz
ValueWalk
Finder’s panel of 32 experts predict ETH will peak at $2,758 in 2023 and that the next big battle is with the SEC. Ethereum has just completed another major milestone, with the Shapella upgrade going live earlier this month. Shapella enables the withdrawal of ETH from the Beacon Chain. This means that large amounts of Ether could potentially be withdrawn and sold off. This has led to intense speculation about what will happen to the price of ETH now that Shapella is live. Ethereum Price Predictions: Experts disagree on Shapella Our panelists have been split over what effect Shapella will have ...
ValueWalk
Crypto had a difficult 2022, a fairly predictable post-high bear market was worsened by market-shaking events such as the collapse of the FTX exchange. The fallout of such happenings can have a damaging effect on the financial sector, but crypto as a niche appears able to weather any storm. Such is the confidence and excitement that reverberates through this relatively new sector. The ongoing solidification of Bitcoin as a top performing asset, a commodity that seems to hold its value despite general financial market rumblings, is noteworthy. Top investment banks are diversifying into ‘digital...
ValueWalk
HONG KONG, Apr 18, 2023 - (ACN Newswire) - Coinweb, a layer-2 protocol unifying blockchain's interoperability, announced the success of integrating four more chains into its expandable blockchain infrastructure. Prior to BNB, Polygon, MultiversX (formerly known as Elrond) and Kujira; Bitcoin, Bitcoin Cash, Litecoin and Ethereum were already part of Coinweb's underlying networks. To date, Coinweb has executed over 4 million transactions since December 2020, and is responsible for an average of 0.3% of all daily transactions being broadcast to the BNB chain in March 2023. With these current eigh...
ACN Newswire
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