Monday, September 16, 2024

The Ethereum Blockchain

SmartContracts

Launched in 2015 by Vitalik Buterin, Ethereum is a pioneering blockchain platform that enables decentralised applications and smart contracts. Unlike Bitcoin, Ethereum supports a wide range of programmable features through its Ethereum Virtual Machine (EVM) and the Solidity programming language. This flexibility has made it a cornerstone for decentralized finance (DeFi), non-fungible tokens (NFTs), and various blockchain-based innovations. Ethereum is transitioning to a proof-of-stake model with Ethereum 2.0 to improve scalability and reduce costs, enhancing its role as a leading blockchain platform.

Ethereum Whitepaper

Mainnet & Layer 2 News

Bitcoin

Coinbase Introduces cbBTC: Wrapped Bitcoin Aims to Rival BitGo’s WBTC

yfarmx - 0
Coinbase has made a bold move into the world of decentralised finance (DeFi) with the launch of cbBTC, its own wrapped version of Bitcoin. This ERC-20 token, backed 1:1 by Bitcoin held in custody by Coinbase, allows Bitcoin holders to leverage their assets within the Ethereum and Base ecosystems. Coinbase’s entry into the wrapped Bitcoin market comes at a time of growing competition, particularly with BitGo, whose Wrapped Bitcoin (WBTC) has long dominated the space. With cbBTC, Coinbase aims to provide an alternative while expanding Bitcoin’s utility in DeFi.
Altcoins

MakerDAO Rebrands as Sky Ahead of USDS Stablecoin Launch

yfarmx - 0
MakerDAO, the pioneering decentralised finance (DeFi) platform, is undergoing a rebranding to Sky, introducing a new stablecoin, USDS, and a governance token, SKY.

Aave Proposes New GHO Stability Module Integration with BlackRock’s BUIDL

Stablecoin Market Reaches Record $168.1 Billion as Institutional Demand Surges

Privacy-focused Nillion Network Integrates with Arbitrum

zkSync and Avalanche Discord Breaches Underscore Urgent Need for Enhanced Security

Eth Price

Arbitrum News

Optimism News

Coinbase Introduces cbBTC: Wrapped Bitcoin Aims to Rival BitGo’s WBTC

Bitcoin yfarmx - 0
Coinbase has made a bold move into the world of decentralised finance (DeFi) with the launch of cbBTC, its own wrapped version of Bitcoin. This ERC-20 token, backed 1:1 by Bitcoin held in custody by Coinbase, allows Bitcoin holders to leverage their assets within the Ethereum and Base ecosystems. Coinbase’s entry into the wrapped Bitcoin market comes at a time of growing competition, particularly with BitGo, whose Wrapped Bitcoin (WBTC) has long dominated the space. With cbBTC, Coinbase aims to provide an alternative while expanding Bitcoin’s utility in DeFi.
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Farcaster: Decentralised Social Networking

Ethereum & L2's John Kamal - 0
Farcaster, a decentralised web3 social protocol built on the Optimism Layer 2 scaling network, has recently piqued the interest of the crypto community, including notable figures like Vitalik Buterin and Jesse Pollack. I find out why...
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Polygon News

Polygon Labs Instroduce the Future of Blockchain with Type 1 Prover

Polygon John Kamal - 0
In a significant breach impacting the cryptocurrency industry, Chris Larsen, the co-founder of Ripple, experienced a substantial Ripple hack involving his personal XRP wallets. This alarming security breach led to the unauthorised access and theft of approximately 213 million XRP tokens, translating to a staggering loss of over $112.5 million. This incident underscores the growing importance of cryptocurrency security.
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Meta to pull NFT sales on Instagram: What it means for the NFT industry

Polygon NFT's John Kamal - 0
When Meta announced its initiative allowing artists to sell NFTs on Instagram, it was seen as a positive development for the struggling NFT industry. Now that the tech giant has terminated the project, web3 enthusiasts have mixed reactions to the sudden move.
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Credit and debit cards will be accepted by Uniswap for cryptocurrency purchases

Bitcoin John Kamal - 0
Through its web app, Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency using debit cards, credit cards, and bank transfers. In most states of the U.S., Brazil, the United Kingdom, and the Single Euro Payments Area, or SEPA, bank transfers will be available.
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zkSync News

zkSync and Avalanche Discord Breaches Underscore Urgent Need for Enhanced Security

Avalanche yfarmx - 0
Both zkSync and Avalanche found their official Discord servers compromised today.
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Aave v3 Set to Launch on ZKsync Era

DeFi yfarmx - 0
Aave v3 is set to launch on ZKsync Era, bringing enhanced scalability, privacy, and security to DeFi users through zero-knowledge technology. This integration will allow for faster, cheaper transactions and unlock new institutional use cases, while maintaining robust liquidity and risk management features.
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A Guide to ZK Hyperchains

Guides yfarmx - 0
ZK Hyperchains are Layer 3 (L3) blockchains built on top of existing Layer 2 (L2) or Layer 1 (L1) solutions. They leverage the power of zero-knowledge proofs (ZKPs), a cryptographic technique that allows one party (the prover) to prove to another party (the verifier) that a statement is true without revealing any additional information.
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About us

YFarmX is a web3 media brand that delivers breaking news and premium insights about digital assets. As part of our editorial content, we provide learners with the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.

Categories

Latest News

SBF Appeal Seeks to Overturn Conviction, Cites Judicial Bias

Solana News 0
Sam Bankman-Fried has filed an appeal seeking a retrial of his fraud conviction, citing judicial bias and claiming that the original trial was unfair. His legal team argues that the judge's actions compromised the fairness of the trial, leading to an unjust conviction.

UK Parliament Introduces New Bill to Recognise Cryptocurrencies as Personal Property

Regulation 0
The UK Parliament has introduced the Property (Digital Assets etc) Bill, officially recognising digital assets like Bitcoin, NFTs, and carbon credits as personal property. This new legislation provides owners with legal protections against fraud and theft, positioning the UK as a global leader in crypto law.

TADA Partners with TON to Introduce Web3-Powered Ride-Hailing

TON 0
TADA, a leading ride-hailing service in Southeast Asia, has partnered with the TON Foundation to launch TADA Mini, a Telegram-based app that integrates Web3 technology into ride-hailing. Users can now book rides directly through Telegram and pay with cryptocurrencies like $TON or $USDT-TON. This collaboration marks a step forward in mainstreaming blockchain technology and cryptocurrency adoption in everyday services.

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