Bitcoin Layer 2 solutions have gained significant traction this year but have also drawn their fair share of criticisms. Mempool founder Mononaut has strongly criticized them and pointed out several drawbacks from a technical standpoint. Interestingly, Mononaut’s stance gains support as Bitcoin Ordinals founder Casey Rodarmor. Bitcoin Layer 2 Under …
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In the first quarter of 2024, the crypto market began a notable upward trajectory, approaching a total market capitalization of $3 trillion. By the first quarter, the market experienced a significant surge, surpassing the peak prices of 2021, which rewarded the long-standing patience of investors and holders. The introduction of …
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The highly anticipated Dencun fork on March 13th has significantly boosted the adoption of Layer 2 solutions on Ethereum. This was evidenced by the surge in increased activity post-upgrade. Intotheblock’s latest analysis revealed a similar trend as it noted a surge in the number of transactions on Ethereum’s layer 2 …
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On April 9, the EigenLayer team announced that the platform’s EigenDA, the first Available Validator Service, had launched on the Ethereum mainnet. The team added that over 4.1 million ETH had been restaked on EigenLayer, and over the past few weeks, 70% of all new Ethereum validators restaked to the …
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Bitcoin (BTC) and the broader cryptocurrency market fell nearly 10% on Saturday, with the price of the largest digital asset briefly falling below $62,000 before recovering to around $64,000 as of press time. It wasn’t alone: other major digital assets saw similar falls over the past 24 hours, including ether …
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Ethereum’s Pectra upgrade to bring smart contract functionality to wallets as experts debate EIP-3074
by Zack Abramsby Zack AbramsAfter a wait of nearly four years since its initial proposal, Ethereum developers have set their sights on including EIP-3074 in Ethereum’s next upgrade, nicknamed Pectra, which is expected later this year. EIP-3074 brings a host of user experience improvements to typical wallets by allowing certain functions to be delegated …
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Crypto sells off sharply amidst reports of Iranian drone attack on Israel
by Zack Abramsby Zack Abrams–> The prices of many cryptocurrencies, including Bitcoin and Ethereum, have dropped precipitously today after the Israeli military said Iran had launched “dozens” of drones towards the country in an attack against the country. The price of Bitcoin, which peaked today around $68,000, has fallen sharply in the last hour …
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While the past several weekends went quite calmly for Bitcoin and the entire crypto market, this time, things are significantly different. Whether propelled by yesterday’s announcements by a few presidents of the US Federal Reserve or today’s reports of Iran preparing an attack against Israel, the reality is that BTC’s …