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North Carolina Reps Suggest Adding Bitcoin, Gold to State Treasury
The bill’s Republican sponsor described it as an important step toward “protecting” the state’s assets.
North Carolina lawmakers are considering investments in Bitcoin and gold as a way to bolster the southern state’s coffers, passing a bill on Wednesday that would fund a study of digital assets and precious metals.
Having cleared North Carolina’s House of Representatives, the bill now advances to the state’s Senate. If it's approved in the Senate, it would then need to be signed into law by Gov. Roy Cooper. It was introduced in April under the title “State Precious Metals Depository Study.”
“This is step one to eventually try to protect our assets in North Carolina,” state Rep. Mark Brody, the Republican who sponsored the bill, told Decrypt. “A lot of folks in the cryptocurrency world, as well as the precious metal world, know [...] the U.S. government is consistently and knowledgeably devaluing its currency.” Read More
America Falls Short in Digital Asset Capitalism
The US is losing its lead as a hub for digital asset innovation – one of the fastest-growing tech and economic sectors and the basis for the next-generation internet of value – defined by user ownership and exchange.
And yet the White House itself recognized digital assets as having great potential to “transform industries and business models” in its Economic Report of the President released in March 2023.
This then begs the question of why the regulatory moves in the US have culminated in what has been termed, ‘Operation Chokepoint 2.0’ – a concentrated effort to stifle cryptocurrency-based development in the country – with exhibit A as the recent actions taken by the SEC against Binance and Coinbase.
Ultimately, the United States is failing to stand behind its own values of entrepreneurship and free market capitalism or play an active role in regulatory clarity.
This approach creates uncertainty and hinders innovation, as entrepreneurs may be hesitant to invest in new technologies or products without clear rules of the road. Read More
The Aleph Zero ecosystem integrates with Ledger
Aleph Zero, the enterprise-grade blockchain with privacy-enhancing features and instant finality, announced today its integration with Ledger, the global platform for digital assets and web3.
The long-awaited integration is a strategic step forward for Aleph Zero, becoming an important alternative for its users to store and manage their AZERO coins without compromising their private keys.
“We are thrilled to announce the integration with Ledger, the leading hardware wallet provider,” said Antoni Żółciak, co-founder of the Aleph Zero. “This is a major milestone for Aleph Zero, as it will allow our users to store, manage, and use their AZERO tokens with high levels of security.”
With over 6 million Ledger devices (including Ledger Stax, Ledger Nano X, and Ledger Nano S Plus) sold worldwide, Ledger owners can now leverage their devices to hold, send, and receive AZERO. In the coming months, this integration will grant Ledger users secure access to the full range of services and features offered by the Aleph Zero ecosystem, including staking, using decentralized applications, decentralized exchanges, and more. Read More
Polygon proposes architecture for ‘Polygon 2.0,' including aggregator bridge
The forthcoming multichain system will use zk proofs to transfer assets between networks.
Polygon Labs, creator of the Polygon network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different “layers” that will combine to create a web of networks ultimately connected to each other through Ethereum. If approved by validators, Polygon 2.0 will also feature an aggregator that makes bridge transactions “near-instant and atomic,” the team said.
The team first announced Polygon 2.0 on June 12, claiming that the new project would establish “the value layer” of the internet. But details were scarce at that time. On June 20, co-founder Mihailo Bjelic proposed upgrading the current Polygon network to use zero-knowledge proofs, which he said was necessary in order to make the old network compatible with the “vision” of 2.0. 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
Remember Litecoin? The Silver to Bitcoin's 'Digital Gold' Is Soaring
The Bitcoin fork is one of the best-performing cryptocurrencies right now—and just entered the top 10 digital assets by market cap again.
Earlier today, it was Bitcoin Cash—now, it's Litecoin.
The two cryptocurrencies have received renewed interest from investors since Wall Street-backed EDX Markets listed them last week.
Both were arguably fading into obscurity but are now soaring—especially Litecoin, which just reentered the top 10 biggest digital assets by market cap.
The Bitcoin fork is up 23.6% in the past 24 hours, according to CoinGecko, trading hands for $104.63. That makes it one of the best-performing digital assets right now.
And in the past seven days, it has shot up by 15% in value, meaning that it has regained its spot in the top 10 digital assets, with a market cap of $7.7 billion. Read More
What is a Bitcoin node? A beginner’s guide on blockchain nodes
Bitcoin (BTC) is a decentralized peer-to-peer network made of computers, or nodes, that run the Bitcoin software and accept a set of proof-of-work (PoW) consensus rules to validate and broadcast transactions on the blockchain. This process occurs without the intermediation of a third party, making blockchains trustless mechanisms.
In traditional payment methods, transactions are validated by centralized parties like banks and payment processors who check that the spender has enough money available to perform that purchase.
In the Bitcoin blockchain, traditional third-party payment systems are replaced by a distributed network of node operators and miners who validate transactions without censorship or permission.
Learning what nodes do and how they work helps understand what occurs behind the settlement of a transaction. Anyone can become a Bitcoin node operator and participate in securing the network by simply downloading the Bitcoin Core software, thus making the blockchain transparent, immutable and decentralized. Read More
Ethereum Name Service Introduces Layer 2 Interoperability $ETH
Ethereum Name Service (ENS) Labs has announced plans to introduce Layer 2 (L2) interoperability for its ENS domains during a community call on June 28.
The implementation aims to improve performance, scalability, and cost efficiency for users managing their ENS domains.
The decentralized domain name system is set to implement off-chain resolvers, leveraging an ENS off-chain registrar contract and the services of Coinbase’ cb.id, Lens Protocol, and OptiNames on the Optimism network. This step comes as the L2 ecosystem continues to witness an influx of projects and protocols.
According to L2Beat data, the total value of assets locked on L2 service providers has surged by over 190% in the past year, standing at $9.78 billion at the time of writing. Arbitrum leads the market with a 60% share and a total value locked (TVL) of $5.87 billion.
ENS domain name registrations experienced robust growth in Q2 2021. Dune Analytics data shows monthly ENS domain name registrations totalling 79,463 last quarter. June, marked by a significant drop in gas fees on the Ethereum Network, recorded the highest number of registrations during the quarter with 35,932 ENS name registrations. Read More
Poly Network Urges Users To Withdraw Funds After Another Exploit
The Poly Network has fallen victim to another exploit after hackers manipulated a smart contract function on the cross-chain bridge protocol.
Poly Network confirmed the hack, adding that it would be temporarily suspending all services.
57 Crypto Assets Impacted:
The attack on Poly Network occurred on the 2nd of July, resulting in the hacker being able to issue billions of tokens seemingly out of thin air to generate a profit. Poly Network confirmed the attack through its official Twitter handle, stating that it had become the latest DeFi entity to fall victim to a hack, adding that it was temporarily suspending services. The update also stated that the exploit had impacted 57 crypto assets based on ten blockchains, including BNB Chain, Ethereum, Avalanche, Polygon, OKx, Heco, and others.
While it isn’t clear how much has been stolen in the attack, PeckShield has reported that the attacker had transferred at least $5 million worth of crypto from the cross-chain bridge. In an update issued on the 3rd of July, the Poly Network team stated,
“We have already initiated communication with centralized exchanges and law enforcement agencies and sought their assistance.”
The team further advised token holders to withdraw liquidity and unlock their liquidity provider tokens. 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.
