Author: Coindesk
July 25: BitcoinOS, a network of Bitcoin-based rollup chains, has verified the first-ever zero-knowledge (ZK) proof on Bitcoin’s mainchain. ZK cryptography is looked to as a key technology for scaling blockchain throughput and usefulness, but the tech is complicated and computationally intense – meaning it was unclear if or when it would make its way to the comparatively bare-bones Bitcoin network. According to the BitcoinOS team, “This is the first permissionless upgrade of the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork.” Bitcoin can now be “infinitely upgradable,” the team told CoinDesk, “while requiring…
She may not be appearing at Bitcoin Nashville this year alongside Donald Trump. But, if elected president, Kamala Harris could reshape the U.S.’s policy on digital assets. Penn State Dickinson Law professor Tonya Evans sketches out what could (and should) be her agenda. Read the full article here
On June 25, ether (ETH) was trading at $3,300, a shade higher than Thursday’s price of $3,200. During that period, however, the total value locked (TVL) on EigenLayer – a protocol that links restaking protocols – slumped by $2.28 billion to $15.1 billion. Restaking protocols like Renzo and Kelp have lost 45% and 22% of their TVL, respectively, data from DefiLlama shows. Read the full article here
There is also headroom in power efficiency and uptime, the note said, and miners can benefit from extracting more hashrate from their existing portfolios by upgrading their hardware to the latest generations of ASICs. The hashrate, a measure of computing power, is a proxy for competition in the industry and mining difficulty. Read the full article here
For those who don’t get their money out in votes, they’ll have the option to withdraw come Solana’s Breakpoint conference in September. At that point, the lock freeze will thaw and with it a pile of extra tokens from $GREED’s partner protocols: Samoyed memecoin, the Marms NFT collection, Texture, Famous Fox Federation, Racket and Cyberfrogs. They all pitched in an assortment of tokens and NFTs that will go to those who leave their money in $GREED to the end. Read the full article here
The yet-to-be-audited code from Jito should allow any protocol building on Solana to set up a mechanism for providing economic security to nearly any on-chain application, or “actively validated service” (AVS). Notably, Jito’s code would allow users to secure AVSs using whatever crypto asset they choose. Read the full article here
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The decision to HODL or holding onto bitcoin comes almost year after Marathon started to sell its mined digital assets to pay for the company’s operating expenses. Prior to the crypto winter, most miners adopted the strategy to hold on to all the mined bitcoin in their balance sheet, which paid off during the bull market rally. However, as market imploded last year, most miners started to sell their mined bitcoin to pay for operating expenses and Marathon was one of the last one to start monetizing their digital assets in early 2023. Read the full article here
Bitcoin (BTC) fell to just above $64,000 amid a stock market rout and weakening sentiment for risk assets, including cryptocurrencies. The plunge led to over $250 million worth of bullish bets being liquidated, the worst hit since early July. Bitcoin is priced around $64,200 at the time of writing, a drop of almost 3.5% in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), has fallen 5.6%. The slump follows the tech-heavy Nasdaq 100 index posting its biggest drop since 2022 after Google parent company Alphabet and Tesla reported mixed quarterly earnings.…
The Raipur Municipal Corporation administers the area issuing more than 8,000 building permits, work orders, and colony development permissions annually. The corporation floated a tender to have its records on blockchain and AirChain emerged as the partner through that process, Abinash Mishra, Commissioner, Raipur Municipal Corporation told CoinDesk in an interview on Thursday. Read the full article here