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Solana Is Down Meme Dead? Devs Say Network Had 100% Uptime Since Feb
But as the foundation told Decrypt in an email, that’s “no guarantees of future network performance.”
The Solana Foundation said the network has seen 100% uptime since February—a stark contrast to the outages it experienced last year. But as the foundation readily points out, there are “no guarantees of future network performance.”
A slew of outages have dealt a hammer blow to its credibility as "the world's fastest blockchain."
The project has released a network performance report for the first time since October 2022, which claims there have been dramatic improvements between February and June this year.
Much of this is linked to changes made following a major disruption back in February, which saw the network go down for 20 hours after a software upgrade went awry. It took days to get to the bottom of what happened—a bad look for what is currently the world's eighth-largest blockchain by market capitalization. Read More
Bitcoin Miner Hive Is Using Old Ethereum Rigs and AI to Make Ordinals Art
“We will create generative AI art with our own GPUs, on our own fine-tuned model of Stable Diffusion," the CEO told Decrypt.
Canadian crypto miner HIVE Digital Technologies wants to use Ordinals in one of its AI initiatives, inscribing generative art on Bitcoin’s blockchain with the help of old Ethereum mining rigs.
HIVE CEO Aydin Kilic described the project as an exercise in technical prowess for one of crypto’s largest miners. He told Decrypt that Ordinals provides a new way for the firm to use its fleet of data-center-grade Nvidia GPUs, which it’s been using to mine altcoins after Ethereum switched to proof-of-stake during the “merge” and made miners obsolete.
“We will create generative AI art with our own GPUs, on our own fine-tuned model of Stable Diffusion, [...] and then use our hash power on the Bitcoin network to inscribe those on the Bitcoin blockchain,” he said. Read More
Here’s What It Takes To Get Listed on Kraken, According to the Crypto Exchange’s Chief Legal Officer
Kraken’s chief legal officer Marco Santori says crypto assets on his exchange undergo a multi-pronged compliance, cybersecurity and legal review process before being listed for trading.
Santori explains in a new interview with Real Vision Crypto that Kraken weeds through thousands of crypto assets and chooses to support “only a few” tokens.
“We do that via a few different methods. One is, of course, the business case. Do we believe there’s actual interest from our users in this asset? Once that has been established — and that, by far, is the greatest filter that we have on new assets — then the asset undergoes a robust compliance review, where the asset is reviewed for compliance with sanctions laws, for politically exposed persons (PEPs) being involved in the project.
We then review it for cybersecurity. We look at the asset to ensure it meets our standards for the thing being a token that works on a network. We don’t want to support a token that our own implementation would fail for. And then it goes to legal review.” Read More
‘Smart Wallet’ Provider Argent Launches NFT Marketplace Unframed on Starknet
The latest launch "will push the boundaries of what NFT marketplaces can do,” said Argent co-founder Julien Niset.
Web3 wallet provider Argent has launched Unframed, a new NFT marketplace built on the speedy layer-2 solution Starknet.
The partnership between Starknet–which is designed to address high transaction fees and slow processing times on Ethereum–and Argent is aimed at bridging the digital collectables space and blockchain gaming.
According to Julien Niset, co-founder of Argent, a crypto wallet hellbent on simplifying the user experience, “gaming is one of the important verticals” that hasn’t kicked off yet–despite its importance on Starknet.
Today’s launch aims to change that.
“There is a lot of friction in the NFT space,” Niset told Decrypt, forcing users to make multiple transactions or migrate their entire collections from one platform to another. Through Argent’s simplicity, it “pushes the boundaries of what NFT marketplaces can do.” Read More
We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media.
We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc.
The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email.
With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More
Stablecoins: The New Favourite Of Cybercriminals?
An expert on crypto has recently postulated that criminals are leaving Bitcoin in order to use stablecoins, which are considered to be an easier go-to for illegal financial activities.
From Bitcoin To Stablecoins:
It has often been suggested, especially in the mainstream media, that Bitcoin was one of the main currencies in which to transact illicit activities. However, recent insights suggest a shift in this trend. Originally reported by CoinTelegraph, Tara Annison, the former head of technical crypto advisory at Elliptic, stated that the criminal underbelly of the crypto world is now leaning more towards stablecoins, particularly USD Coin (USDC), over Bitcoin.
Annison, during her presentation at EthCC in Paris, delved into the changing dynamics of crypto-related crimes. She pointed out that Bitcoin's decreasing popularity among criminals can be attributed to the rise of decentralised finance protocols, mixing services, and most notably, stablecoins. These digital assets, especially those pegged to the dollar, offer new, more discreet avenues for illicit transactions. Read More
SEC Appeal Not a ‘Setback’ for Ripple XRP Ruling, Crypto Lawyer Says
The 'Torres Doctrine' is the law for at least two years, Crypto Law founder John Deaton writes.
An appeal from the Securities and Exchange Commission (SEC) in its case against Ripple Labs does not represent a significant blow to Ripple's recent courtroom victory, according to crypto lawyer John Deaton.
“An appeal is not even close to a setback,” Deaton said, pushing back against a claim made on Twitter. “Don’t let anyone underestimate how significant this win is.”
Deaton’s comments came after federal district judge Analisa Torres ruled earlier this month that XRP, the token that powers Ripple’s payments network, is “not necessarily a security on its face”—except for instances when it was sold to institutions to raise funds.
Ripple has been engaged in a legal battle with the SEC since 2020 when the regulator accused Ripple of raising $1.3 billion in unregistered securities offerings. Read More
Bitcoin Halving Is Less Than 40,000 Blocks Away—Here's What That Means
Bitcoin miners and enthusiasts celebrate another milestone for the network—the 800,000th block mined—as it approaches another halving event.
The Bitcoin network passed block 800,000 on Monday, marking another major milestone in the history of the world’s largest cryptocurrency.
This also means that the next Bitcoin halving event—they occur every four years, reducing miners' rewards by half, and is set to occur at block 840,000—is now less than nine months away (or 40,000 blocks), according to Bitcoinblockhalf.com.
“As we celebrate the mining of the 800,000th block, we find ourselves in a fascinating period of Bitcoin's life cycle. This is indeed a key milestone on the path to the next halving, and it certainly adds a layer of excitement to the already vibrant ecosystem,” Matt Prusak, Chief Commercial Officer at Miami-based Bitcoin mining company US Bitcoin Corp told Decrypt.
The 800,000th block was mined at a time when the Bitcoin hash rate—the total computational power used to mine and process transactions on the network—is close to historical highs. Meanwhile, Bitcoin mining difficulty—another key metric measuring how challenging it is to find a new block—hit a new all-time high at the most recent adjustment about two weeks ago. Read More
Blockchain-Powered Mobile Networks Offer Better Data Security Than Traditional Networks — World Mobile CEO
A blockchain-powered decentralized network can offer a “much greater level of security and ownership” of data compared to traditional telecom operators, Micky Watkins, the founder and CEO of World Mobile, has said. Watkins also claims that the flexibility of such a decentralized network means users can “rapidly scale and adjust the network to better reflect demand.” This, in turn, can result in more reliable connections for users.
A Decentralized Mobile Network Offers Users a ‘Greater Level of Security’
Watkins also told Bitcoin.com News that his company’s attempt to bring the internet to the masses via innovative technologies is comparable to past efforts by tech giants like Google and Facebook. The World Mobile founder, however, insisted that his company is not competing with tech giants. Instead, World Mobile — a telecommunication network built on a blockchain — sees tech giants as collaborators, he said. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
