Developer says BitVM was not designed to turn Bitcoin into a pseudo-Ethereum

Developer says BitVM was not designed to turn Bitcoin into a pseudo-Ethereum

BitVM, a Bitcoin-based virtual machine, is primarily focused on scaling Bitcoin rather than implementing decentralized finance applications like Ethereum, according to one of its developers. The project lead, Robin Linus, released BitVM’s white paper on October 10, with support from the pseudonymous developer “Super Testnet” for the first proof-of-concept and expanding BitVM’s capabilities. Some industry … Read more

Bitcoin Hashrate Surges, Projecting Significant Increase in Difficulty

Bitcoin Hashrate Surges, Projecting Significant Increase in Difficulty

Bitcoin Hashrate Explodes, Difficulty Set To See Big Uptick Bitcoin mining difficulty is expected to increase significantly in the next adjustment as the hashrate continues to rise. The hashrate measures the total computing power that miners have connected to the Bitcoin blockchain. Increasing values indicate more profitability, attracting new miners, while decreasing values suggest some … Read more

Web3 executive emphasizes the significance of Ethereum VM for Bitcoin’s optimal performance

Web3 executive emphasizes the significance of Ethereum VM for Bitcoin’s optimal performance

Bitcoin adoption will only occur in the mainstream when it connects to the Ethereum Virtual Machine (EVM), according to Willem Schroé, the founder of Botanix Labs. Schroé argues that for Bitcoin to increase its adoption and utility, it must start participating in the EVM world, as the EVM is the application layer for the global … Read more

Hidden Gems: Crypto Analyst Spots 6 Neglected Altcoins Poised for Price Surge

Hidden Gems: Crypto Analyst Spots 6 Neglected Altcoins Poised for Price Surge

Crypto Analyst Identifies 6 Overlooked Altcoins That Could Be Due For A Price Surge A Santiment analyst has identified six overlooked altcoins that could be primed for a rally. These tokens were chosen based on their network activity, including transaction volumes, network growth, and large transactions. The altcoins on the list are Bancor (BNT), Cartesi … Read more

Binance partner barred by UK financial watchdog from publishing cryptocurrency ads

Binance partner barred by UK financial watchdog from publishing cryptocurrency ads

UK financial watchdog restricts Binance partner from issuing crypto ads The UK’s Financial Conduct Authority (FCA) has placed restrictions on peer-to-peer lending platform Rebuildingsociety, which partnered with cryptocurrency exchange Binance for compliance with the FCA’s marketing rules. The FCA stated that Rebuildingsociety was not authorised to approve the content of any financial promotion related to … Read more

Scrutiny Intensifies as $20M Real-World Asset Loan Goes Bad on DeFi Platform Goldfinch

Scrutiny Intensifies as M Real-World Asset Loan Goes Bad on DeFi Platform Goldfinch

The recent news of a $5 million loan default on Goldfinch made to an African robotaxi company has raised eyebrows in the financial community. This default serves as a reminder of the risks associated with lending to emerging markets and the challenges faced by innovative startups in these regions. Goldfinch, a prominent financial institution, had … Read more

Is It Time to Take Control of Your Digital Assets? Cryptocurrency Exchange Uncovers 159,000 Attempts by Hackers to Breach Security

Is It Time to Take Control of Your Digital Assets? Cryptocurrency Exchange Uncovers 159,000 Attempts by Hackers to Breach Security

Time For Self-Custody? Crypto Exchange Reveals Hackers Tried To Gain Access 159,000 Times South Korean crypto exchange Upbit has experienced over 159,000 hacking attempts in the first half of 2023, a 117% increase from the same period in 2022. This represents a staggering 1,800% increase compared to the second half of 2020. Upbit suffered a … Read more

Is XRP Poised for a Breakthrough as It Nears $0.55?

Is XRP Poised for a Breakthrough as It Nears alt=

XRP, the cryptocurrency associated with Ripple, has recently been attracting attention due to its price dynamics. Despite the volatile nature of the crypto market, XRP appears to be trending towards a notable upswing. However, it has repeatedly faced resistance at the $0.55 level, which has proven to be a tough barrier for XRP enthusiasts. In … Read more

If This Occurs, Former BlackRock Manager Foresees $17.7 Trillion Inflow Into Bitcoin

If This Occurs, Former BlackRock Manager Foresees .7 Trillion Inflow Into Bitcoin

Former BlackRock Manager Says Prepare For $17.7 Trillion Inflow Into Bitcoin If This Happens Former BlackRock manager Steven Schoenfield predicts that spot Bitcoin exchange-traded funds (ETFs) will be approved in the United States within the next three to six months, potentially resulting in an influx of up to $17.7 trillion from institutional investors. The approval … Read more