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‘Massive’ — BuilderNet aims to solve Ethereum’s centralized block problem
Ethereum block builders Beaverbuild and Titan Builder have made around 88% of the blockchain’s blocks in recent weeks. BuilderNet aims to disrupt that.
Blockchain infrastructure firm Flashbots has launched BuilderNet, a decentralized block-building network on Ethereum to “kill censorship” and solve one of the network’s biggest “chokepoints.”
BuilderNet, launched on Nov. 26, said it aims to allow “many parties to collaborate in building blocks.” This comes at a time when about 88% of all Ethereum blocks have been built by Beaverbuild and Titan Builder in recent weeks.
This is “absolutely massive” as it will “kill censorship” and exclusive order flow deals on Ethereum, Coinbase’s protocol specialist Viktor Bunin said on X.
Flashbots’ product manager Shea Ketsdever wrote on X that the first release of BuilderNet is now live on Ethereum’s mainnet and will be available as a drop-in solution for decentralized sequencing on layer 2s “later on.”
Ethereum follows the proposer-builder separation method for block construction, where builders create blocks for proposers to review; they often choose the most profitable one.
But assigning “specialized” tasks to specific actors has led to centralization problems, Ethereum’s co-creator Vitalik Buterin said late last month. Read More
Fifth Circuit Rules OFAC Overstepped in Sanctioning Tornado Cash's Immutable Smart Contracts
The decision reverses a lower court ruling and marks a significant win for privacy advocates and blockchain developers seeking legal clarity.
The U.S. Fifth Circuit Court ruled Tuesday that the Treasury overstepped by sanctioning Tornado Cash’s immutable smart contracts, stating the autonomous software cannot be classified as property.
The Fifth Circuit held that when smart contracts are immutable—meaning no entity can modify or control them—they cannot be classified as "property" subject to sanctions under existing law.
The decision reverses a lower court ruling and marks a significant win for privacy advocates and blockchain developers seeking clarity to build similar products, according to industry stalwarts.
Immutable smart contracts at the center of the case "are not property because they are not capable of being owned," noting that over 1,000 participants engaged in a "trusted setup ceremony" that permanently removed any ability to update or control the code, the court found. Read More
Flare is Building a ‘Fully Decentralized’ DeFi Hub: Co-Founder
The “blockchain for data” is building trust-minimized bridges for non-smart contract tokens like Bitcoin, XRP and Doge, Hugo Philion said.
Flare, the “blockchain for data,” is building out its decentralized finance (DeFi) ecosystem, Co-Founder Hugo Philion told Decrypt.
“Flare is essentially emerging as a kind of DeFi hub,” said Philion in a recent sitdown interview with Decrypt, adding that it’s “growing very quickly” through partnerships and integrations.
The EVM-compatible Layer 1 network offers developers “decentralized access to high-integrity data from other chains and the internet,” leveraging its Flare Time-Series Oracle and Flare Data Connector to provide decentralized applications (dapps) with an alternative to centralized off-chain oracles.
With a total value locked (TVL) of $20.75 million according to DeFiLlama, Flare hit 1 million active wallets in August 2024. “Our TVL is relatively small, but it's growing quite quickly,” Philion said. The network has a “large, reasonably mature set of DeFi protocols now that have built on Flare, which TVL is flowing into,” through integrations with bridges including LayerZero, V2, Stargate and Polyhedra, he added. Read More
Ondo taps LayerZero to take USDY multichain
Ondo is using LayerZero to make its yieldcoin fully fungible across multiple blockchain networks.
Ondo Finance, a tokenized real-world asset (RWA) protocol, has tapped LayerZero to make its flagship yieldcoin fungible across multiple blockchain networks, LayerZero told Cointelegraph on Nov. 26.
Users can now access Ondo US Dollar Yield Token (USDY) “and its tokenized [United States] Treasurys product across multiple blockchain ecosystems without needing to mint new tokens or swap assets between chains,” Ondo said.
According to Ondo, integrating LayerZero’s Omnichain Fungible Token (OFT) standard establishes USDY as a “compelling alternative to traditional stablecoins like USD Coin and Tether.”
The USDY yieldcoin “is now fully fungible across Ethereum, Mantle, and Arbitrum,” Ondo told Cointelegraph. It plans to add more networks soon. Read More
Exploring The IndoEx Cryptocurrency Exchange The First Trading Platform To List The Markethive Token - Hivecoin
The IndoEx exchange aims to cater to a broad spectrum of investors, including newcomers, seasoned traders, and institutional investors, rather than focusing on a specific target audience like most crypto trading platforms. The platform's primary objective is to offer a robust and efficient infrastructure that enables seamless and rapid transactions of crypto assets.
As the IndoEx trading platform is the first crypto exchange to list Hivecoin, this article delves deeper into the platform, exploring it further to bring awareness to the Markethive community. Since its establishment in 2019, IndoEx has gained prominence in the alternative cryptocurrency trading sector due to its reasonable commissions, secure wallets, high trading volume, and fast transactions.
The trading platform, with offices in the United Kingdom and Estonia, provides close to 300 trading pairs, can be used in 150 different countries, and supports a range of cryptocurrencies, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and Ripple (XRP), as well as notable alternative coins like DASH, Chainlink (LINK), and Solana (SOL). Furthermore, it accommodates less mainstream coins and tokens like NEO, Cardano (ADA), and EOS, amounting to 180 cryptocurrencies. Users can exchange these coins for traditional currency or trade them with one another.
The platform provides users exclusive access to newly launched tokens through airdrops, giving them a head start in discovering and acquiring new tokens with the potential for long-term growth. Beyond trading, users can also benefit from receiving free tokens that may significantly impact the global market. Furthermore, the platform hosts trading contests and an initial coin offering (ICO) launchpad, offering crypto enthusiasts a comprehensive suite of features. Read More
Meet the five projects that scored the top spot in the Web3 hackathon
Major Web3 hackathon concludes second iteration with five innovative projects emerging as winners of the $160,000 prize pool.
DMCC and Bybit’s Web3 Unleashed #2 hackathon ends with five projects winning the grand prize of $160,000.
Hackathons are opportunities for brilliant minds to come together and innovate, and Dubai provides an enabling environment for Web3 innovation to thrive. The city’s forward-thinking policies, strategic partnerships and investment in cutting-edge technologies have attracted top talent and industry leaders from around the world.
Central to this movement is the efforts of the Dubai Multi Commodities Centre (DMCC) and global crypto exchange Bybit, who recently concluded the second edition of the Web3 Unleashed hackathon.
Held on Nov. 20 in Dubai, Web3 Unleashed #2 witnessed 15 finalists competing to develop a unique and creative solution to a real-world challenge. Eventually, five projects emerged as winners to get their share in the $160,000 prize pool.
Five projects climb to the top:
During the hackathon, contestants showcased cutting-edge solutions in varying fields, including artificial intelligence, Web3 infrastructure, decentralized physical infrastructure networks (DePIN), digital identity and zero-knowledge protocols. A panel that included industry experts like Gerik Wang from Bybit, Mathias Ruch from CV VC, Dyma Budorin of Hacken, Daniel Zou from the Blockchain for Good Alliance, Zaher El Orm from the DMCC Crypto Centre and Alessia Baumgartner from DWF Labs reviewed projects, taking business potential, creativity and impact into account. Read More
ASI Alliance launches Cortex — Decentralized AI for industrial needs
Cortex, the ASI Alliance’s first decentralized AI model, targets robotics, biotech and healthcare for domain-specific applications.
The Artificial Superintelligence (ASI) Alliance, a collaborative organization focused on advancing decentralized artificial intelligence development, has launched Cortex, a decentralized AI model designed to address industry challenges.
Cortex marks the first model launched under the “ASI: Train initiative,” which is focused on creating domain-specific AI solutions for industries like robotics, biotechnology and healthcare.
Unlike general-purpose AI models, Cortex is designed for precision, scalability and adaptability to meet the specific needs of various industries. It focuses on tasks requiring advanced, context-aware problem-solving.
Humayun Sheikh, CEO of Fetch.ai and chairman of the ASI Alliance, told Cointelegraph that this development could reduce the reliance on centralized AI solutions, allowing entities to “train, own and build solutions with decentralized AI-trained models.” Read More
Trump's Bitcoin Backing and Supply Chain Agenda Could Position El Salvador as Key Ally: VanEck
The investment manager thinks the small Central American country will lead the region in terms of crypto and tech innovation.
Tiny El Salvador has become Latin America’s success story, according to investment manager VanEck—thanks in large part to its Bitcoin-loving president.
A report by the New York firm said that the country’s bet on Bitcoin and radical reforms have turned it into “Latin America’s ultimate comeback story.”
El Salvador was a little-known and crime-ridden country before its millennial president, Nayib Bukele, became leader in 2019.
His maverick way of doing things—including making Bitcoin legal tender in the nation in 2021 and building a mega prison—led to criticism from a number of institutions, U.S. politicians, and human rights groups.
But it’s paying off, according to VanEck.
“From fiscal reforms to Bitcoin adoption and energy innovation, the nation has defied global skepticism and achieved measurable success—whether through USD bond performance, GDP growth, or Bitcoin valuation, boosting its reserves,” reads a report by the firm’s head of digital assets research, Matthew Sigel. Read More
$113B Asset Manager Files to Launch XRP ETF in US Amid Shifting Crypto Policies
Global investment management firm Wisdomtree, renowned for its extensive range of exchange-traded funds (ETFs), has filed with the state of Delaware to establish an XRP ETF. Fox Business has confirmed the authenticity of this filing with the asset management firm, signaling Wisdomtree’s growing interest in expanding its reach into the digital currency sector. Wisdomtree currently has approximately $113 billion in assets under management (AUM) globally.
This development comes after the asset management firm launched the Wisdomtree Physical XRP (XRPW) on prominent European exchanges, including Deutsche Börse Xetra, Six Swiss Exchange, and Euronext in Paris and Amsterdam. The firm has positioned XRPW as the most cost-effective European offering for XRP exposure. Designed to simplify access to XRP investment, the fund aims to provide a secure and efficient means for investors to track XRP’s price.
Regulatory oversight for cryptocurrencies in the U.S. has been tough and enforcement-centric. In December 2020, the U.S. Securities and Exchange Commission (SEC) accused Ripple Labs of selling XRP as an unregistered security. A pivotal moment arrived in July 2023 when Judge Analisa Torres ruled that XRP sold on public exchanges was not a security, marking a major victory for Ripple. The SEC appealed this decision in October, aiming to reassert its regulatory authority over digital assets. 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.
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