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MakerDAO CEO Proposes Using Solana’s Codebase For NewChain
Rune Christensen, the CEO of MakerDAO, has proposed using Solana’s codebase as the foundation for the protocol’s future blockchain, NewChain.
According to Christensen, Solana stands out among others thanks to its overall technical excellence, adaptability, and resilience, and is a promising base for developing NewChain.
MakerDAO’s NewChain is part of the protocol’s long-term strategy, called Endgame. Endgame aims to improve MakerDAO’s governance and make the protocol self-sustaining in the long run. The strategy was set in motion in May 2022, with MakerDAO community governance voting in favor of the Maker Constitution. Endgame consists of 14 Maker Improvement Protocols (MIPs), which collectively create rules and the framework to facilitate the launch of Endgame. It has been split into five phases, and the final phase, phase 5, will see the deployment of a new chain, now called NewChain. NewChain will act as a hub for backend tools that will be supporting MakerDAO. Read More
The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years
Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum, valued at $4.75 billion, was withdrawn in just the last three months.
Billions in Bitcoin Withdrawn from Centralized Exchanges Amid Rising Self-Custody Trend:
Centralized exchanges are holding significantly fewer bitcoins (BTC) than they did three years ago. Cryptoquant.com data reveals that on September 1, 2020, trading platforms had a reserve of 2.828 million BTC. Fast-forward roughly three years, and that number has dwindled to 2.024 million, marking a decrease of 804,000 BTC. Although BTC holdings on exchanges have consistently decreased over these years, the FTX debacle triggered a substantial decline. Read More
Solana Is the ‘Most Loved Altcoin Among investors’, Says CoinShares
Investors have been withdrawing from altcoin crypto funds, but Solana is an exception.
Interest in altcoins may have waned as big crypto investors pull cash out of funds, but one coin still has them excited: Solana.
Over the past seven weeks, investors have largely withdrawn from crypto investment products, European digital asset manager CoinShares said in a Monday report.
But for the past nine weeks, institutional investors have meanwhile been plugging cash into the 10th biggest digital asset by market cap, Solana (SOL).
CoinShares said that $700,000 had been invested over the past week into SOL via crypto investment providers—making the cryptocurrency “the most loved altcoin amongst investors at present.” Read More
Crypto in ‘arms race’ against AI-powered scams — Quantstamp co-founder
Quantstamp’s Richard Ma explained that the coming surge in sophisticated AI phishing scams could pose an existential threat to crypto organizations.
With the field of artificial intelligence evolving at near breakneck speed, scammers now have access to tools that can help them execute highly sophisticated attacks en masse, warns the co-founder of Web3 security firm Quantstamp.
Speaking to Cointelegraph at Korea Blockchain Week, Quantstamp's Richard Ma explained that while social engineering attacks have been around for some time, AI is helping hackers become “a lot more convincing” and increase the success rate of their attacks.
To illustrate what the new generation of AI-powered attacks looks like, Ma recalled what happened to one of Quantstamp’s clients, where an attacker pretended to be the chief technology officer of the targeted firm. Read More
Staying ahead of the curve is crucial in the dynamic and ever-changing business world. In the modern business landscape, innovation and technology act as guiding forces, shaping how companies engage with their audiences and forge connections. In this era of constant evolution, a powerful synergy has emerged between two groundbreaking concepts: inbound marketing and blockchain technology. This convergence is rewriting the rules of engagement and presenting companies with unprecedented opportunities to carve out a competitive edge.
Gone are the days when traditional marketing methodologies ruled the roost. The one-size-fits-all approach of old-school marketing campaigns is gradually being replaced by a more interactive, personalized, and customer-centric approach. Inbound marketing is not just a strategy; it's a philosophy that revolves around attracting, engaging, and delighting customers by delivering valuable and relevant content. It's about creating a genuine connection with your audience, addressing their pain points, and offering solutions that resonate personally.
Amidst this transformative landscape, a standout player emerges: Markethive. This innovative ecosystem stands at the crossroads of the inbound marketing revolution and the blockchain evolution. Markethive's unique proposition lies in its ability to seamlessly fuse the principles of inbound marketing with the cutting-edge potential of blockchain. By doing so, it offers a comprehensive system that empowers businesses to connect with their target audience and build lasting relationships based on trust and transparency. Read More
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Bitrock Blockchain – A Cut Above The Rest
Bitrock is an L2 Ethereum Proof-of-Authority side chain boasting near-zero native gas fees and lightning-fast block times. In addition to having a cost-effective, scalable, and high-speed infrastructure, Bitrock will soon have a unique multichain DEX swap where users can trade cryptocurrencies without unnecessary hassles.
The Bitrock blockchain is an Ethereum IBT 2.0 Proof of Authority (PoA) side chain with almost zero native gas feed and boasts lightning-speed block times. In addition to having a cost-effective, scalable, and high-speed infrastructure, Bitrock will soon boast a unique multichain (DEX) swap where users can trade crypto directly on their native chains without using DEX’s native to those chains. Users would also not need to hold native chain tokens or pay gas fees in those native tokens. Bitrock’s native multichain DEX will facilitate all these impressive features, and all gas fees are equalized from other chains and paid in BITROCK-20. Read More
MetaMask scammers take over government websites to target crypto investors
Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites.
Crypto scams targeting MetaMask users are using government-owned website URLs to con victims and access their crypto wallet holdings.
Ethereum-based crypto wallet MetaMask has been a long-standing target for scammers — which involves redirecting unwary users to fabricated websites that request access to the MetaMask wallets. Cointelegraph’s investigation on the matter found numerous government-owned websites being used to perpetrate this exact scam.
Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites - Read More
Cardano (ADA) Showing Promising Signs Amid Rise of On-Chain Activity, Says Analytics Firm Santiment
Blockchain analytics firm Santiment says that Ethereum (ETH) rival Cardano (ADA) is seeing a massive growth in network activity.
According to the market intelligence platform, new data suggests Cardano is setting the stage for a move to the upside as weekly on-chain transactions have soared by more than 1,700% since January.
“Cardano is still seeing rising on-chain transaction volume despite its suppressed market value compared to its April local top. Utility plays an important role in any bounce, and this combined with adequate ADA social dominance, is still promising.” Read More
Casper Network first Layer-1 blockchain to enable native smart contract debugging
The Casper Association, the Swiss-based organisation that oversees the Casper blockchain and supports its continued decentralisation, has announced the successful 1.5 protocol upgrade.
This upgrade introduced a host of new and improved features, making Casper the only Layer-1 blockchain to enable the debugging of live, composable smart contracts on mainnet.
“The 1.5 upgrade is a major landmark in our path to creating a blockchain environment that fosters innovation and paves the way for sustainable and impactful solutions to real-world challenges,” said Ralf Kubli, board member at the Casper Association.
The Casper blockchain was designed from the ground up with the ability to be natively upgradeable without network halts or maintenance time. This foundational emphasis on adaptability is evident in the latest upgrade, which introduced features that enable the debugging of smart contracts in production, enhance the developer experience and accelerate time to market. The upgrade also streamlines the node joining process on the network, enhances the chain’s security features, improves the efficiency of redelegating tokens, and allows developers to run transactions against an active blockchain without committing to the results. 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.
