Robinhood Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange. As part of this process, Robinhood Crypto LLC has submitted a change of control application to the New York Department of Financial Services (NYDFS), which announced it received the application on July 3, 2024. This is one of several […]
Bitcoin News
Binance US Confident in Legal Battle Against SEC as Case Moves Forward
Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law, and that the Commission lacks the very authority it is seeking to […]
Bitcoin News
SEC’s Case Against Binance Moves Forward With Major Allegations Intact
The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. Some Charges Against […]
Bitcoin News
Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels
As of May 20, 2024, bitcoin is trading at ,224, reflecting a strong market performance. The cryptocurrency has experienced a 24-hour range between ,000 and ,431, with a market capitalization of .32 trillion and a trading volume of .18 billion. Bitcoin The daily chart indicates that bitcoin (BTC) is in a prolonged uptrend, having recently […]
Bitcoin News
Ethereum Technical Analysis: ETH Bulls Press Forward Hinting at Possible Reversal
As of May 13, 2024, ethereum presents a complex landscape for traders, characterized by fluctuating prices and diverse market signals. Despite a slight 1% uptick over the past day, the broader perspective shows a week marked by a 6.1% decline, setting a cautious tone for ether traders. Ethereum The ETH/USD daily chart indicates a prevailing […]
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Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions
PRESS RELEASE. April 19th, 2024 — Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), is thrilled to announce the launch of its native token, $MERL. As a significant enhancement to the Bitcoin network, Merlin Chain facilitates the rapid growth of decentralized applications (DApps) across various sectors, including decentralized finance (DeFi), […]
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The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration
History has shown that collaboration is a powerful driver of digital innovation, propelled by the exchange of knowledge between scientists and engineers. Indeed, instrumental to the birth of the Internet was the collaboration between Bob Kahn and Vint Cerf in the 1970s, which enabled communication between computers and networks and unlocked the new digital era […]
Bitcoin News
The Nigerian Government and Binance: The Way Forward — CMO of Flincap
The promise of the blockchain and cryptocurrency still remains strong. Globally, there continues to be growing interest in the blockchain and peer-to-peer exchanges. We are seeing the institutional adoption of crypto and a rise in interest in retail adoption, too. We have seen the example in the approval of ETFs for bitcoin. However, with every […]
Bitcoin News
Ethereum’s Path Forward: Vitalik Buterin Unveils Roadmap Enhancements
In a recent update, Ethereum co-founder Vitalik Buterin released an updated 2023 roadmap for the blockchain platform, detailing notable improvements and steadfast progress. Despite similarities to the previous year’s roadmap, the updated version underscores Ethereum’s evolving technical journey with goals aimed at improving scaling, security, and decentralization.
Ethereum Co-Founder Drops Updated Roadmap on Social Media
Following his recent blog post, Vitalik Buterin, the prominent co-founder of Ethereum, released a sequence of X posts concerning the network’s strategic direction. One of the critical updates highlighted by Buterin is the advancement towards single slot finality (SSF) in the Ethereum proof-of-stake (PoS) design.
Currently, the consensus protocol can take up to 95 slots to finalize blocks, leaving the network susceptible to reorganizations and negatively impacting honest protocol adherence. Buterin notes, “It’s becoming clear that SSF is the easiest path to resolving a lot of the Ethereum PoS design’s current weaknesses,” emphasizing the move towards a more robust and efficient finality mechanism that ensures quicker and more secure block finalizations.
Buterin expressed significant progress in Ethereum’s ‘Surge’ phase, particularly with rollup scaling advancements and Ethereum Improvement Proposal (EIP-4844). The emphasis on cross-rollup standards and interoperability also points to a future where diverse Ethereum-based applications can seamlessly interact, further broadening the network’s capabilities.
The roadmap introduces a redesigned ‘Scourge’ phase aimed at combating economic centralization in PoS, particularly focusing on Maximum Extractable Value (MEV) and stake pooling challenges. This revision reflects a broader strategy to fortify Ethereum against centralizing forces and maintain its decentralized ethos. Concurrently, ‘Verge’ developments are nearing completion, with Verkle trees soon to be integrated, marking a significant step towards optimizing state storage and retrieval.
Buterin’s update further indicates a strategic shift in priorities, with state expiry and verifiable delay functions (VDFs) taking a backseat due to their current lower urgency and emerging cryptographic concerns, respectively. Meanwhile, Ethereum’s research community is fervently exploring deep cryptography and delay-encrypted mempools, signifying a broader horizon for security and privacy enhancements on the network.
The latest update follows Buterin expressing concern over Web3’s trajectory, pointing to high transaction fees fostering a shift toward centralization and “degen” gambling dominance. He said this trend deviates from the original decentralized vision, marginalizing casual users and altering the crypto community’s culture. Buterin emphasized the need for scalable, inclusive solutions to rekindle the founding ideals of crypto networks and Web3.
Buterin’s roadmap X post, however, was criticized and also received some flak from BTC advocates. “The roadmap released by Vitalik Buterin today proves that ETH will never scale,” Justin Bons the founder of Cyber Capital wrote on X. “There is, in fact, zero L1 scaling on the roadmap. Everything is focused on L2s instead of empowering people to use the blockchain directly. That is not cypherpunk at all,” he added.
“I know the arguments/infighting over bitcoin can be exhausting, but it’s much better than one dude dropping a diagram telling everyone how things are going to work,” the X account dubbed BTC Sessions quipped.
What do you think about Vitalik Buterin publishing the updated Ethereum roadmap on X? Share your thoughts and opinions about this subject in the comments section below.
Bitcoin.com’s VERSE Token Now Live on Polygon Network: A Leap Forward for Economic Freedom
Bitcoin.com, a pioneering force in making cryptocurrency more accessible, is excited to announce the successful deployment of its ecosystem token VERSE on the Polygon Network. Leveraging Polygon’s low-fee, high-performance architecture, this strategic move broadens access to empowering financial technologies for Bitcoin.com’s millions of users worldwide.
“Deploying VERSE on Polygon is a pivotal step in our mission to create economic freedom,” said Bitcoin.com CEO, Dennis Jarvis. “This integration is about empowering our users globally with more accessible and advanced economic tools. Critically, it paves the way for the introduction of micro-rewards for Bitcoin.com ecosystem users, which will significantly enhance engagement and growth.”
Innovative Features and Integration
With Bitcoin.com’s rewards and utility VERSE deployed on Polygon, users of the multichain Bitcoin.com Wallet app can now swap into and purchase VERSE on Polygon from within the app. Holders of VERSE on Polygon can use it to enhance their experience in the Bitcoin.com ecosystem by transacting at lower cost and higher speed, as well as by accessing new dApps in Verse Explorer.
Verse Explorer, a web3 browser embedded in the Bitcoin.com Wallet app (also available on web), brings the Bitcoin.com Verse Ecosystem to users’ fingertips. With a single tap from the app’s home screen, users can discover and permissionlessly access an array of smart contract-powered tools and features including Bitcoin.com’s full-featured decentralized exchange Verse DEX.
Verse Explorer is also the gateway to innovative features like the addictive and rewarding Verse Clicker, and the newly launched Verse Scratch & Win, where anyone can purchase tickets for a chance to win up to one million VERSE. Verse Scratch & Win is self-custodial and verifiably random, powered by smart contracts and Chainlink Verifiable Random Function.
Future Developments and Accessibility
Bitcoin.com continues to integrate VERSE to the Polygon ecosystem and beyond, enhancing the ecosystem token’s utility. In collaboration with LIFI, multichain swaps on Bitcoin.com’s decentralized exchange Verse DEX are slated to go live in January, which will enable transactions across Ethereum, Polygon, Avalanche, and BSC. New web3 products and features are also planned for Verse Explorer.
About Bitcoin.com
Since its inception in 2015, Bitcoin.com has been a global leader in introducing newcomers to the world of cryptocurrency. Our platform, encompassing both mobile and web-enabled environments, offers a comprehensive suite of products and services, along with educational content and a multi-chain web3 wallet. Our mission is to equip users with the tools and knowledge they need to achieve economic freedom.
About VERSE
VERSE, the reward and utility token of the Bitcoin.com ecosystem, stands as a gateway to the world of DeFi and a beacon of economic freedom. Since its launch in December 2022, VERSE has seen rapid integration into various web3 platforms, demonstrating its versatility and utility.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.