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Binance founder Changpeng Zhao, who recently pleaded guilty to violating US anti-money laundering laws, has been asked by a US judge to remain in the country pending sentencing. A different judge had deemed Zhao a low flight risk and proposed he return to the UAE to be with family. The proposal is now on hold.
Apple is facing a class-action lawsuit for allegedly monopolizing the iOS peer-to-peer payment market and restricting crypto tech on the platform. Consumers allege that Apple's anti-competitive practices with PayPal's Venmo and Block's Cash App restricted the crypto transactions within the payment apps, leading to inflated prices. The lawsuit is seeking compensation for excessive fees and injunctions against Apple's anti-competitive practices.
Jito, the team behind the most popular liquid staking protocol on Solana, is set to launch a governance token to manage the Jito Network. The introduction of the token is aimed at increasing community involvement in decisions for the network. The staking protocol’s Jito Labs client is currently used by 40% of Solana's network stake weight. Proposing a total supply of 1 billion JTO tokens, 10% of the tokens will go to active community members.
Magic Eden has launched a cross-chain wallet to facilitate trading across multiple blockchains. The wallet enables crypto swaps for Ethereum, Bitcoin, Solana, and Polygon, and the desktop browser extension is set to launch next year. This step is designed to minimize the difficulty of dealing with assets on various blockchains for NFT traders and collectors.
This report discusses the potential of block space as a viable business model in the crypto industry, alongside other traditional models like SaaS. The primary analysis focuses on how new technologies, including blockchains Ethereum and Avalanche, have capitalized on block space's unique properties, including network effect-based business dynamics, strong scalability, and high cyclicality. The future of the model could be shaped by regulatory changes and the ability to attract stable, application-layer use cases.
This thread highlights several AI-centric crypto projects, such as Render, which offers GPU power for graphic rendering, and Fetch.ai, which uses machine learning to automate industry processes. Similarly, SingularityNET provides a decentralized AI marketplace, Verasity combats ad fraud, and OriginTrail transforms supply chains. While it’s unclear how these specific projects will pan out, the AI x crypto narrative has definitely been picking up steam.
In this post, Ethereum co-founder Vitalik Buterin advises a measured approach to technology development, avoiding extreme optimism or pessimism. He emphasizes direction and control in technological progress, with extra caution concerning high-impact tech like superintelligent AI. He also recommends decentralizing tech like this where possible.
This article explores the use of coprocessors in blockchains to increase their capabilities. Particularly in Ethereum, coprocessors can access its historical data and perform high-level computations, enhancing the chain’s functionalities. The article also discusses in depth how coprocessors can bridge the gap between blockchain limitations and the increasing demands of complex applications.
This analysis examines challenges in extracting MEV from blockchain systems using Pipelined BFT algorithms, exploring nuances and proposing solutions for network liveness.
This post describes a shadow fork, which is an offchain execution environment that mirrors the mainnet in real-time, offering persistent, read-only data access, with flexible and cost-free contract interactions.
Sui launched its Weather Oracle, which delivers real-time weather data for various applications and can also serve as a randomness generator for games, funded by on-chain storage fees.
Dan Robinson of Paradigm criticized Blast's recent launch tactics and marketing, despite acknowledging the founders' talent and Paradigm's continued support for its vision and technical skills.