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Coinbase Wallet Unveils Global USDC Transfers via WhatsApp, Telegram, Facebook and Other Social Media Apps
Top US-based crypto exchange Coinbase is unveiling instant global transfers of the stablecoin USDC via social media apps.
In a new blog post, Coinbase says that users of its crypto wallet can now instantly send money across the world without having to deal with the complexities of bank transfers.
According to Coinbase, the money can now be instantly sent anywhere in the world using popular social media platforms such as WhatsApp, Telegram, Facebook, iMessage, TikTok, Instagram, or even just an email.
“Let’s say you want to send money to family or friends in another country. Instead of dealing with the complexity of routing numbers, bank account numbers, expensive wire transfers, bank fees, and waiting up to five business days for the money to become available, simply use a link from Coinbase Wallet to send via your favorite messaging and social apps with no fees and instant settlement…
We’ve made it easy to send money anywhere you can share a link, whether it’s through messaging apps like WhatsApp, iMessage, and Telegram, social media platforms like Facebook, Snapchat, TikTok, and Instagram, or even via email.” Read More
Ethereum scaling firm =nil; Foundation introduces security-focused zkEVM
A new Ethereum zero-knowledge proof compiler could address security concerns identified in different zkEVM solutions.
Zero-knowledge technology firm =nil; Foundation has developed a new type-1 zero-knowledge Ethereum Virtual Machine (zkEVM) compiler to address security concerns identified in similar ZK-powered Ethereum scaling solutions.
Speaking exclusively to Cointelegraph, =nil; Foundation CEO and co-founder Misha Komarov says the technology prioritizes security and allows high-level programming code to be compiled automatically into Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKS) circuits.
The firm’s zkEVM is designed to be compatible with evmone, which is a C++ version of Ethereum’s base execution environment. The key takeaway is that the code of applications is processed and rolled up as proofs submitted to Ethereum in the same format as its EVM. Read More
El Salvador's Bitcoin 'Volcano Bonds' Receive Regulatory Approval for Q1 2024 Issuance
El Salvador's planned Bitcoin bonds have received regulatory approval from the country's Digital Assets Commission (CNAD).
The country's National Bitcoin Office (ONBTC) announced the news in a tweet, stating that it expects the bond to be issued "during the first quarter of 2024."
"This is just the beginning for new capital markets on #Bitcoin in El Salvador," the ONBTC added. Read More
Bitcoin Developer Luke Dashjr Registers Ordinal Inscriptions Workaround as a Vulnerability
Luke Dashjr, Bitcoin developer and CTO of Mummalin, has registered a method that allows Ordinal inscriptions to be saved on the Bitcoin blockchain as a code vulnerability. The vulnerability, CVE-2023-50428, states that “datacarrier size limits can be bypassed by obfuscating data as code,” as Ordinal inscriptions do to embed images and other kinds of data directly onto the BTC blockchain.
Luke Dashjr, Bitcoin developer and CTO of Mummalin, the company behind the Ocean mining pool, has registered the method that allows Ordinal inscriptions to embed data directly on top of the Bitcoin blockchain as a vulnerability. The vulnerability, registered as CVE-2023-50428, describes how the Ordinals protocol allows this data to be obfuscated and embedded into the chain.
The description of the so-called vulnerability explains:
In Bitcoin Core through 26.0 and Bitcoin Knots before 25.1.knots20231115, datacarrier size limits can be bypassed by obfuscating data as code (e.g., with OP_FALSE OP_IF), as exploited in the wild by Inscriptions in 2022 and 2023. Read More
Because of Solana’s POH method, it can horizontally scale the rest of the blockchain, the same way that operating systems and databases scale their software. Each Solana team member has over a decade of experience working in operating systems GPU acceleration. Compilers, networks, etc., giving them extensive and deep experience optimizing software.
Solana is based on scaling software with hardware, with the vision of building the world's largest decentralized, single chart blockchain. The only way to do that is by scaling all the core technologies with hardware.
Scaling the Blockchain in this way delivers a cheap cryptographic base for financial transfers and, more importantly, outside of finance. It is a way for Solana to build a better web experience for social media communities regarding micropayments.
Also, advertising-based revenues can be relinquished for social networks, leading communities to generate value by self-expression, creating their own content, and growing the network and the connections within the community, creating a better world for all. Read More
Analyzing Bitcoin Halving – Impact on Price Dynamics and Market Sentiment
Bitcoin (BTC), a prominent cryptocurrency, undergoes significant milestones referred to as ‘halving’ events, which wield substantial influence over its network dynamics.
These events involve reducing the mining reward by half. Before 2020, miners received 12.5 BTC for successfully mining a block.
In this article, we’ll delve into the economics behind Bitcoin’s halving, examining its impact on price movements and market sentiment.
Understanding these dynamics offers valuable insights for both investors and cryptocurrency enthusiasts. Read More
No Gas for Gamers: Ethereum Scaler Immutable zkEVM Will Let Developers Cover Fees
Eliminating transaction fees will make blockchain games more accessible and appealing to mainstream gamers, Immutable believes.
Crypto gaming company Immutable announced Wednesday that it will let players avoid transaction fees on its upcoming Immutable zkEVM network, thanks to a feature that lets game developers "sponsor" such gas fees for players.
Games that are built on Immutable zkEVM, a gaming-focused Ethereum scaling network announced in March, will be able to enable the feature. Such a move could make it more affordable for players to try new games, and potentially remove significant barriers to broader blockchain gaming adoption.
“There are a couple of norms in the blockchain space that mainstream players simply won’t accept—gas fees fall into that category,” said Immutable Product Marketing Lead Michael Powell in a statement. Read More
Blockchain media authentication app eyes news journalism as primary use case
Tapping into underlying blockchain infrastructure, Nodle’s Click application allows users to authenticate media content for various use cases.
Decentralized infrastructure network provider Nodle has released the first version of its blockchain-based media authentication application called Click, which could prove useful in combatting artificially generated media and fake news.
As previously reported by Cointelegraph, Nodle has developed a software development kit (SDK) for its ContentSign solution, which cryptographically proves the integrity of data captured by mobile devices using blockchain technology.
The Click application supports the Coalition for Content Provenance and Authenticity (C2PA) and is a member of the Content Authenticity Initiative (CAI). The latter is a project led by Adobe and the Linux Foundation to create a future standard for media attestation. Read More
Enterprise blockchain Coti set to become Ethereum privacy-centric layer 2 in 2024
Coti will look to provide privacy-focused functionality to the Ethereum ecosystem as a new layer-2 protocol.
Enterprise-grade blockchain platform Coti is set to transition protocol to become a scalable, privacy-focused layer-2 on Ethereum in 2024.
An announcement shared with Cointelegraph outlines how Coti will shift from a standalone protocol to an Ethereum layer 2 to bring its privacy features to the broader ecosystem. Coti v2’s features a cryptographic approach called garbled circuits, which allows transactions to be processed without exposing sensitive information and data.
Drawing from the field of multi-party computation (MPC), garbling protocols enable two or more parties to jointly compute a function while keeping both their inputs and intermediate variables private. 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.
