In A Nutshell The Web3 Foundation (W3F) has proposed a significant change to the Polkadot network, aiming to reduce the unstaking time for staked tokens from the current 28 days to merely two days. This adjustment, outlined in the Request for Comments (RFC)-0092 proposal, seeks to enhance user experience by providing greater liquidity and flexibility…
In A Nutshell The decentralized finance (DeFi) platform 1inch has taken a significant step towards bolstering the security within its ecosystem by partnering with the Web3 security firm Blockaid. This collaboration is set to introduce a suite of security measures aimed at combatting DeFi fraud and cyber threats, marking a pivotal moment for enhancing trust…
In A Nutshell Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has seen a significant reduction in its supply on exchanges, reaching an eight-year low. This recent development indicates that only about 10.19% of ETH’s total supply is currently available on trading platforms, a situation that could potentially influence its market price and investor…
In A Nutshell A recent security breach at Kraken, a major cryptocurrency exchange, led to the unauthorized withdrawal of $3 million due to a critical bug. This issue was brought to light by CertiK, a blockchain security firm, which later became entangled in a controversial dispute with Krizen over the repayment of the stolen funds….
In A Nutshell The BNB Chain implemented the Haber hard fork, incorporating BEP-336, a development aimed at significantly enhancing data storage and processing efficiency. This update boasts of slashing blockchain fees by 90%, a move that not only optimizes transactions but also positively impacts the BNB Smart Chain (BSC) layer-2 costs. The introduction of blob-carrying…
In A Nutshell An Arweave-based AI computing protocol, AO, has captured significant attention and investment, amassing over $158 million in deposits shortly after its introduction through a ‘fair launch.’ This innovative protocol aims to revolutionize the blockchain and AI industries by enabling large language models (LLMs) to operate within smart contracts, fostering a new era…
In A Nutshell A recent controversy has emerged between the crypto exchange Kraken and the security firm CertiK. Initially portrayed as a white hat operation by CertiK, the incident involved the unauthorized withdrawal of nearly $3 million from specific Kraken accounts. While CertiK claims to have returned all the exploited funds, Kraken alleges that a…
In A Nutshell The German Federal Criminal Police Office (BKA) has reportedly transferred a substantial amount of Bitcoin (BTC), valued at approximately $425 million, involving transactions to and from different wallet addresses. Notably, a portion of this sum was sent to cryptocurrency exchanges Kraken and Bitstamp, suggesting potential plans for sale. This move follows the…
In A Nutshell Recent data from IntoTheBlock reveals that Bitcoin miner reserves have diminished to their lowest point in over 14 years, with a current holding of 1.90 million Bitcoin as of June 19, a slight decline from the 1.95 million BTC at the beginning of the year. Despite this reduction in quantity, the fiat…
In A Nutshell A significant number of traders betting against Bitcoin, known as shorters, are currently on edge as the cryptocurrency’s price inches towards the $70,000 mark. Data from CoinGlass reveals a potential liquidation of $1.67 billion in short positions should Bitcoin achieve this price point—a level not seen in the recent 12 days. Amidst…