Crypto House

2023-05-16 21:08:51 Optimism, Scaling Solution for Ethereum, Sets June Date for Biggest Ever Upgrade, ‘Bedrock’

Optimism, a “layer 2” scaling solution for the Ethereum blockchain, set June 6 as the date for its Bedrock hard fork.
The upgrade is expected to take two to four hours, starting at 16:00 coordinated universal time (UTC), according to the Optimism team. Deposits and withdrawals will be unavailable during the period.
The Optimism Foundation proposed the protocol upgrade in February, and it’s been described as “the largest upgrade ever released on OP mainnet,” and a “complete re-write.”
According to that original proposal, the new upgrade would offer “a new level of modularity, simplicity and Ethereum equivalence for layer 2 solutions, providing unprecedented performance and functionality.”

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2023-05-11 20:59:45 Pepe memecoin frenzy gets unwanted attention from scammers

As the hype surrounding the Pepe memecoin intensifies, bad actors have started to take notice, resulting in scam attempts now plaguing the crypto space.
According to blockchain security firm PeckShield, there have been at least 10 memecoin scams created in the last three days alone. The firm detected and reported scam tokens that recently had their liquidity removed, rug-pulling investors.
The Pepe token’s creators have repeatedly warned the community to refrain from connecting their wallets to pages with suspicious airdrops and giveaway claims. In addition, the team highlighted that they are not associated with other tokens or projects.

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2023-05-10 20:38:02 Crypto Derivatives Protocol Vega's Mainnet Goes Live for Futures, Options Trading

Crypto derivatives protocol Vega on Wednesday launched its Alpha mainnet, a blockchain built specifically to handle decentralized derivatives trading of financial products such as futures and options.
Alpha offers support for a range of market types and assets, including futures, spot swaps, options and perpetuals that track the prices of various tokens – allowing users to deploy strategies to profit from their price gyrations.
Vega token (VEGA) stakers can propose and vote on the creation of new derivatives markets, and traders can start trading without paying gas fees, a developer told CoinDesk over Telegram. VEGA is an ERC-20 token on the Ethereum network, and it interacts with the Vega blockchain over an Ethereum-to-Vega bridge.

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2023-05-09 20:18:37 Crypto Security Firm Dfns Adds Biometric Support to Wallet Development Toolkit

Paris-based crypto security firm Dfns has revealed plans to incorporate biometric identification into its wallet-as-a-service toolkit, allowing crypto developers to build out wallets that use Face ID, fingerprint scanners and other biometrics to secure user funds.
Last year's collapse of the FTX exchange and numerous similar incidents reinforced that storing crypto in a personal wallet, rather than entrusting it to an exchange or custodian, is the safest option.
Yet many people continue to store their funds with companies like Coinbase and Binance. The reason? Crypto wallets can be inconvenient to use, often including private keys consisting of long strings of letters and numbers.

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2023-05-08 20:29:22 Privacy Project Railgun DAO Adopts Chainway’s ‘Proof of Innocence’ Tool

Railgun DAO, a blockchain project that uses zero-knowledge cryptography to provide extra privacy to users when making transactions, said it has teamed with the Turkish developer Chainway to add a “proof of innocence” feature to satisfy anti-money-laundering and sanctions compliance.
The new functionality on Railgun allows users “to create a proof that their transactions are from a list of transactions that have not interacted with any blacklisted addresses, without revealing their identity,” according to a statement. The Railgun privacy system is deployed on Ethereum, Polygon, Arbitrum and Binance Smart Chain.

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2023-05-06 20:04:08 U.S. Justice Department Investigating Binance for Russia-Related Sanctions Violations: Bloomberg

The U.S. Department of Justice's national security division is conducting an inquiry into whether Binance allowed Russian customers to access the exchange in violation of U.S. sanctions related to Russia's invasion of Ukraine, according to a Bloomberg report that cites five people familiar with the matter.
The Justice Department inquiry is another high-profile action against Binance after a 2021 joint investigation with the Internal Revenue Service against the global exchange. The U.S. Securities and Exchange Commission (SEC) has also been investigating Binance for its relationship with two firms owned by its founder Changpeng Zhao since at least early 2022.
Spokespeople for Binance and the Justice Department did not immediately return CoinDesk's requests for comment.

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2023-05-05 19:52:38 Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says

Craig Wright, who has claimed to be the founder of Bitcoin, has shown “prima facie evidence” of contemptuous conduct in court proceedings for failing to correctly provide information linked to $143 million in disputed cryptocurrency, a U.S. judge said in a ruling published Friday.
Magistrate Judge Bruce Reinhart issued the ruling as a case grinds on between Wright, who claims to be Satoshi Nakomoto, the pseudonymous author of the 2008 Bitcoin white paper, and Ira Kleiman, who claimed rights to crypto he said was mined by his late brother David.

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2023-05-04 20:22:23 Shibarium Beta Hits New Milestones, Mainnet Launch Might Be Imminent

Shiba Inu Layer 2 protocol Shibarium is seeing growth in the number of interacting wallet addresses on its testnet. This figure has surpassed 14 million, recording 14,215,585 at press time, according to Puppyscan.
Shibarium beta "Puppynet" launched on March 11, much to the joy of the Shiba Inu community. According to an update shared by Shiba Inu-focused Twitter account LucieSHIB, Shibarium is in the first phase of its testnet.
LucieSHIB, who is a Shiba Inu content marketing specialist, shares that the developers are currently focusing on the bridge between the Ethereum network and Shibarium, which will allow for the smooth migration of existing Shiba ecosystem tokens to the new network.

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2023-05-03 20:35:46 Crypto Innovation and Regulation Should Be Partners, Not Adversaries

“There’s no reason why innovation and regulation have to be mutually exclusive.”
Out of the myriad thought-provoking statements made at this year’s Consensus 2023 conference, this is the one that stands out the most to me. Uttered by Chris Zuehlke, the global head of crypto market maker Cumberland DRW, the comment brings together two important aspects of the economy.
The first (innovation) represents that which has yet to be discovered, the potential for efficiencies, revenue, growth, etc. The second (regulation) can help innovation flourish in a legal and orderly way – or regulation can hinder innovation completely.

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2023-05-01 20:13:52 Justin Sun to Reverse $56M Binance Transfer After CEO Zhao Warns Against Potential SUI Token Grab

Tron founder Justin Sun tweeted on Monday that he has arranged a full refund of a $56 million transfer to exchange platform Binance after a warning from the latter's CEO against a potential token grab of the new SUI token.
After the substantial transfer made in trueUSD (TUSD) got flagged by Whale Alert early Monday, Binance CEO Changpeng Zhao took to Twitter to say his platform has warned Sun it will take action if he used any of the funds to buy up large amounts of SUI tokens from Binance's Launchpool.
"Binance LaunchPool are meant as air drops for our retail users, not just for a few whales," Zhao said.

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