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Ripple CEO: SEC Created “Mess,” Consumers Left Paying The Price
Ripple’s CEO Brad Garlinghouse blasted the SEC, accusing it of creating a “mess” by declaring itself the “cop on the crypto beat when it had no legal jurisdiction.”
Ripple CEO Brad Garlinghouse took to Twitter today to defend Judge Torres’ recent decision, which declared that Ripple’s sale of its XRP token did not constitute a sale of securities.
Ripple’s chief further blamed the SEC for creating the “mess” surrounding crypto regulation when it had no right to do so.
Garlinghouse Speaks Out Against SEC:
Ripple’s partial victory against the SEC has been celebrated by most of the industry but has seen some backlash from the naysayers. Judge Analisa Torres ruled on July 13 the XRP token, concerning retail sales on digital asset exchanges, is not necessarily a security. Torres, however, did rule that XRP qualifies as a security under the Howey Test when sold to institutional investors. Read More
Arbitrum Bridge: A Comprehensive Guide
Arbitrum Bridge is a Layer 2 solution that enables users to transfer assets from the Ethereum mainnet to the Arbitrum network. It is an essential part of the Arbitrum ecosystem, which attempts to increase the scalability of Ethereum by processing transactions off-chain while retaining the mainnet's security. This article provides a comprehensive guide to the Arbitrum Bridge, including its functionality, supported assets, fees, security, troubleshooting, and alternatives.
Arbitrum, developed by Offchain Labs, is a Layer 2 scaling solution for Ethereum. It aims to address the scalability issues of Ethereum, which has been plagued by high gas fees and slow transaction times due to its limited capacity. By processing transactions off-chain, Arbitrum can significantly reduce these fees and increase transaction speed, making Ethereum more usable for everyday transactions.
The Arbitrum Bridge is a key feature of this solution. It allows users to transfer their assets from Ethereum to the Arbitrum network in a secure and trustless manner. This means that users do not need to trust any third party with their assets – the bridge ensures that the assets are safely locked on the Ethereum network and the corresponding amount is minted on the Arbitrum network. Read More
Frostsnap Method Developed For Bitcoin Multisig Wallets
A team of Bitcoin developers and enthusiasts have introduced what's been dubbed the "Frostsnap" method, one that is set to provide multisig wallets with a range of new capabilities, transforming them from a static tool to a flexible, adaptive system.
With this new development, Bitcoin multisig wallets, known for their secure nature, are getting a significant upgrade. Multisignature or multisig wallets have always been a go-to for safeguarding funds on the Bitcoin network. Their modus operandi requires multiple signers to authorize any transaction, which adds a layer of security. But one of the limitations with traditional multisigs is that they can't add signers without creating a new wallet, an action that calls for transferring funds.
The newly-introduced Frostsnap method proposes a solution to this inconvenience. It allows for the replacement of hardware wallets such as Ledgers, Trezors, ColdCards, or other similar permutations, without the need for additional on-chain transactions. It's also capable of adding new signers to a key after the initial private key generation event and rendering stolen hardware wallets incompatible with every other device of the multisig. Adam Mashrique, the project's hardware lead, affirmed the team's ambition to create an open standard that vendors could implement, thereby enabling different devices to be part of a FROST multisig wallet. Read More
From supply chain to DeFi: How blockchain oracles can transform industries
This project’s decentralized oracle architecture enables Web3 businesses to build a wide range of DApps based on real-world information.
Decentralized blockchain oracle service Goracle provides real-world information so anyone can build better Web3 apps based on off-chain data.
The blockchain ecosystem was changed forever with the introduction of smart contracts — digital agreements between two parties that can be executed automatically based on certain conditions. From finance to supply chains, the possibilities that building upon smart contracts opens are nearly endless. However, as blockchain only holds transactional data between participants, smart contracts need a constant flow of information from the real world, like stock prices or shipment locations, to check the status of their subjects’ conditions.
This is where blockchain oracles — service networks that bridge blockchain to the outside world — come into play. Oracles provide a wide range of real-world data so that smart contracts can understand what’s going on and act upon that information. Once a reliable connection with off-chain information is established through an oracle, it becomes possible to build any number of decentralized applications (DApps) to utilize the transparency, security and decentralization of blockchain in real-world use cases. Read More
Innovations that will change the way we work and interact online.
The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.
Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem.
The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof.
Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem
There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like Youtube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0.
We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following.
Markethive is enhancing and bringing the platform into the future internet with our new technology and interfaces, but still in keeping with the human touch. Read More
You Can Earn Bitcoin for Walking Around Major Cities—Here's How
The sMiles app's new location-based "Bitcoinverse" game offers another way to earn Bitcoin rewards beyond racking up steps and shopping.
Mobile app sMiles launched in 2020 with the promise of letting users “earn Bitcoin for things you already do,” like walking and shopping. But the app has now expanded to encourage users to go beyond the routine, with a Pokémon Go-like map that points you toward real-world locations that can earn you small stashes of Bitcoin.
Bitcoinverse is the latest feature added to the sMiles app on iPhone and Android, and it takes the real-world map of your surroundings and peppers it with secret stashes of satoshis, or the smallest unit of measurement for a Bitcoin (there are 100 million satoshis in 1 BTC). Just follow the big, orange Bitcoin logo and claim the reward once you’re nearby. Read More
Zero-knowledge tech development heats up amid bear market
The intersection of ZK proofs and multichain bridges has become one of the industry's more intriguing development.
Zero-knowledge (ZK) proofs, or cryptographic methods that allow one party to prove to another party that something is true without revealing any sensitive underlying private information, have been a hot topic of discussion among crypto veterans. At last week's zkDay event as part of EthCC Paris, over 2,000 attendees arrived at a small venue by Rue l'Aubrac to catch a glimpse of the latest ZK projects on display. P0x Labs, the developer behind ZK protocol Manta Network, even announced a $25 million raise during the event.
Currently, the technology has played a critical role in powering layer-2 solutions. By computing a simple cryptographic proof on layer-2, transactions can be finalized nearly instantly while the record is simply sent back to the underlying blockchain as a succinct proof. At the same time, ZK proofs can enable private transactions that do not relay sensitive information to observers.
Speaking to Cointelegraph during zkDay, Tiancheng Xie, CTO of ZK protocol Polyhedra, outlined another application of the emerging technology in the realm of cross-chain bridges. The Polyhedra team says the protocol has over 50,000 daily active users and 800,000 monthly active users since its mainnet launch in April. Read More
Solana Gaming Franchise Aurory Expands to Ethereum Layer-2 Arbitrum
The blockchain world of Aurory just got a little bigger. The studio behind two upcoming NFT games is going cross-chain to Arbitrum.
The team behind the NFT-driven game franchise Aurory announced today that it is expanding beyond the Solana blockchain, adding cross-chain support for Aurory NFTs and its AURY token with the Ethereum scaling network, Arbitrum.
While Aurory is not the first Solana-native NFT or game project to embrace other chains, this particular move is being branded as an expansion rather than a migration.
“We’re not leaving Solana necessarily,” Aurory Executive Producer Jonathan Campeau told Decrypt ahead of the official Arbitrum announcement. “For us, really, we need to branch out a little bit in terms of from a pure business point of view.”
Aurory’s SyncSpace tech will allow users to move their assets between Solana and Arbitrum and into the games. Read More
UK Privacy Regulator 'Making Enquiries' Into Sam Altman’s Worldcoin Amid Token Launch
This isn't stopping Worldcoin from rolling out in Britain—with iris-scanning orbs now available in three locations throughout London.
A British regulator has sounded the alarm over Worldcoin, amid fears about the biometric data that the controversial crypto project is gathering.
The Information Commissioner's Office (ICO), which champions privacy for individuals, has told Decrypt that organizations need to conduct a Data Protection Impact Assessment before beginning to process "high-risk" data—a key component of Worldcoin’s operations.
Co-founded by AI wunderkind Sam Altman, the crypto project is aiming to offer digital passports to millions of people by scanning their irises—and on Monday, Ethereum co-founder Vitalik Buterin raised fears that this could expose someone's sex, ethnicity, and even certain medical conditions.
The ICO went on to warn that Worldcoin's activities needed to be consensual and freely given—with those undergoing a scan also able to withdraw from the project without detriment.
"We note the launch of Worldcoin in the U.K. and will be making enquiries," an ICO spokesperson said in a statement emailed to Decrypt. 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.
