ZK-rollups are the hottest thing in Ethereum right now, having seemingly appeared out of nowhere in late 2018 to fundamentally reshape the “Eth2” plan to scale via sharding alone. Zero-knowledge, or validity proof rollups, essentially perform the computations for many thousands of transactions away from Ethereum and then write a tiny cryptographic proof back to
0 Comments
Ethereum’s Shanghai/Capella upgrade — also known by the portmanteau Shapella — may not be the technical marvel of last year’s “Merge” or introduce turbocharged speeds to the network.  Volumes of over 100,000 transactions per second will have to wait for future “danksharding” upgrades, according to the Ethereum Foundation. But the hard fork remains an important
0 Comments
The algorithmic stablecoin TerraUSD (UST) collapsed almost one year ago, but some Terra-related projects are still live and trying to overcome some issues. Terraport Finance, a decentralized finance (DeFi) exchange project based on the Terra Classic blockchain, suffered a breach on its liquidity wallet on April 10. Announcing the news on Twitter, Terraport said the
0 Comments
The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,” urging the regulator to “make crypto asset-related enforcement a top priority.” SEC Urged to ‘Aggressively’ Assert Authority Over
0 Comments
Decentralized finance (DeFi) protocol SushiSwap recently suffered an exploit due to a smart contract bug, leading to over $3 million in losses. Members of the crypto community responded to the hack, with some thinking that there was something fishy about it.  On April 9, security firms detected unusual activities in the DeFi platform’s smart contract
0 Comments
FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled by a small group of individuals who falsely claimed
0 Comments
Summary: The Shanghai-Capella upgrade scheduled for April 12 should unlock over $30 billion in staked ETH on Ethereum’s beacon chain. Clients are advised to upgrade their nodes ahead of Shapella’s arrival, core developer Tim Beiko said. It’s unclear if selling pressure might increase after the unlock enables withdrawals for over 16 million stETH. Ethereum’s highly
0 Comments