The Dencun upgrade was seamlessly integrated into the Ethereum mainnet at 9:55 Eastern Time (ET) on March 13, 2024. The upgrade officially went live at Beacon slot 8626176. Ethereum’s Leap Forward with Dencun Upgrade Expected to drastically lower the transaction costs for layer two (L2) networks, Dencun introduces vital improvements aimed at boosting Ethereum’s scalability. […]
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Donald Trump Acknowledges Bitcoin’s Popularity — Says BTC Has Taken on ‘a Life of Its Own’ and ‘I Can Live With It’
U.S. presidential candidate and former President Donald Trump has acknowledged the growing popularity of bitcoin, stating that “a lot of people are doing it” and the crypto has taken on “a life of its own.” Trump further shared: “More and more I’m seeing people wanting to pay bitcoin and you’re seeing something that’s interesting so […]
Bitcoin News
Ethereum’s Dencun Upgrade Goes Live on Holesky Testnet, Eyes Mainnet Launch
Ethereum’s Dencun upgrade has successfully navigated the final testing phase on the Holesky testnet, introducing proto-danksharding to dramatically lower transaction fees on its layer-two solutions, with eyes now firmly set on a mainnet launch. Ethereum’s Dencun Upgrade Triumphs in Holesky Testnet, Sets Sights on Mainnet The Dencun upgrade has successfully completed its final testing phase […]
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Developer Alerts Ledger Live Software Could Be Tracking User IDs, Apps and Balances
Rektbuilder, a developer, has stated that cryptocurrency hardware wallet company Ledger can track user identities, apps, and even cryptocurrency balances in the device through the use of Ledger Live, its wallet management software. The developer discovered this behavior while working on Lecce Libre, a lighter, less intrusive software for the hardware wallet.
Ledger Live Sends User Information to Ledger, Developer Alleges
Developer Rektbuilder alerted about the information that Ledger, the hardware wallet manufacturer, receives through its wallet management program Ledger Live. According to his findings, the software embeds checks for the ID of each device when installing or updating apps and firmware.
The developer, currently working on “Lecce Libre,” a less intrusive and lighter app to manage Ledger hardware wallets, warned that removing this verification code breaks the app, meaning that using it is mandatory. He stated:
I tried disabling the remote tracking and it’s impossible, it breaks if you do. Which means Ledger knows it’s you every time you plug the device in.
Previously, he had also reported having removed balance summary details involving network calls for asset balances. Rektbuilder stated that the Ledger Live made 2,000 network calls for “all sorts of unnecessary stuff,” having already removed them in Lecce Libre.
He escalated his concerns, stressing that due to the available recovery function that allows retrieving the private keys in the device, nobody can be sure these are not being read.
Emin Gün Sirer, founder and CEO of Ava Labs, also called on Ledger to address the issues presented by Rektbuilder. He stressed that Ledger “should be able to confirm or deny (1) if these claims are true, (2) if there’s a way to work entirely offline without tracking, and (3) if the private keys are readable from the secure element.”
Ledger, which recently faced an attack that caused users to lose 0,000 in assets, has contacted Rektbuilder, who reported they are now working with the wallet company to obtain feedback on the issues raised.
What do you think about Ledger Live’s alleged privacy issues? Tell us 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.
New XRP Ledger Upgrade Goes Live, What’s New?
An XRP and crypto enthusiast on X (formerly Twitter) has announced the launch of the newest version of the XRP Ledger, highlighting core updates and new functionalities on the upgraded ledger.
XRP Ledger New Version
XRP enthusiast, Krippenreiter has released the latest details on the newly upgraded XRP ledger on an X post on November 12. The update introduces four distinct changes incorporated into XRPL’s new version as well as four proposed amendments for the ledger.
“A new major breaking change is on its way to the XRPL ecosystem in the shape of yet another rippled version update. If all goes as planned, this new version will be available to all node operators by November 13, 2023,” Krippenreiter stated.
The community member described the new API version, APIV2, which offers more functionalities than traditional APIs. The launch of API V2 on XRPL will include the introduction of a DeliverMax feature, added error messages, and removed API methods.
Krippenreiter also described the XRP ledger’s Transaction Per Second (TPS) performance and stability. He stated that the new upgrades on this functionality were originally proposed by MarkTravis15 on X, and incorporated three changes that may improve the performance of the ledger.
These changes focus on enhancing the consensus stability, implementing asynchronous writing of batches to NuDB, and introducing periodic intervals when applying transaction batches.
Another noteworthy upgrade to the XRP Ledger is the introduction of a new RPC method which allows software apps to effectively connect to a specific network in the XRPL ecosystem by asking information from the node. Other changes in the XRP Ledger include bug fixes and refactoring or rewriting of codes to ensure better readability and efficiency.
Voting Opens For Ledger Amendments
While providing details on updates in the newest version of the XRP Ledger, Krippenreiter highlighted a series of proposed amendments. These amendments, if approved by the community and subsequently implemented, may have a significant positive impact on the XRPL ecosystem.
The first amendment, originally titled federated side chains, involves bidirectional connectivity to XRPL assets. This proposal aims to open new routes for interoperability in the XRP ecosystem using witness servers like Xahau, CBDCL, and others.
Krippenreiter also described the second amendment which implements a sovereign identity solution on XRPL called decentralized identifiers (DID). A third amendment seeks to address the unexpected behavior of the XRPL payment engine, providing solutions that appropriately fix the problem.
Finally, the last amendment will help clarify how authorized trust lines should be established and permitted. This proposal specifically focuses on situations where the issuer and user enable certain settings on their accounts.
Cardano: Midnight Devnet Goes Live – Trigger For New ADA Rally?
The Midnight team, a subsidiary of Input Output Global (IOG) – the brains behind the Cardano blockchain, made a major announcement yesterday on X (formerly known as Twitter. The statement read: “Here’s the news you’ve all been waiting for – the Midnight Network devnet is now LIVE. We can’t wait to hear your feedback and see what the community will build on. Let’s go!”
This announcement heralds the beginning of a new era for the Cardano ecosystem, introducing the Midnight Network, a privacy-centric blockchain designed to address growing concerns over digital privacy. The devnet’s launch is a strategic move, emphasizing IOG’s commitment to enhancing data protection in blockchain technology.
A key highlight of this initiative is the selection of 100 ‘Midnight Pioneers,’ chosen to access the early alpha release of the blockchain. These pioneers are tasked with developing data protection applications on a private network, thereby playing a pivotal role in refining Midnight’s capabilities.
In their announcement, the Midnight team also emphasized community engagement, promising future events like live webinars, Q&A sessions, and additional opportunities for developers to access the devnet. They also highlighted future opportunities for a broader spectrum of developers to access the devnet, hinting at an expansion of the devnet once initial progress is made.
Alongside the Midnight blockchain, a new token named DUST will be introduced. DUST is integral to the functioning of the Midnight network, and its role and utility are emerging as key topics of discussion in the cryptocurrency community. Several high-ranked Cardano community members recently teased the possibility of a DUST airdrop to ADA holders.
Impact On Cardano (ADA) Price
The crypto market often witnesses significant price movements in response to major developments such as new project launches or airdrops. For Cardano, the launch of the Midnight Network and the introduction of the DUST token could have a potential impact on ADA’s price.
Historically, announcing airdrops has led to a substantial increase in demand for the original cryptocurrency. This is primarily because token holders receive new tokens for free, incentivizing investors to buy e.g., ADA, in hopes of qualifying for the airdrop. Additionally, such announcements generate substantial media buzz and attract new investors, temporarily boosting the cryptocurrency price.
This phenomenon was observed in several instances, for example, with the Flare Network’s airdrop to XRP holders, which led to a spike in XRP’s price as investors bought in to qualify for the free Spark tokens. Similarly, Uniswap’s UNI airdrop in September 2020 led to a significant surge in both the trading volume and price of UNI, as it garnered considerable attention and value in the market.
In light of these precedents, the launch of the Midnight Network and the introduction of DUST could potentially trigger a similar effect on the Cardano price. While an official announcement on the airdrop and a snapshot date is still open, it could catalyze a new rally in Cardano’s price.
At press time, ADA traded at .3665.
Polygon’s POL Upgrade Live On Ethereum Mainnet, MATIC To $1?
After months of development and weeks after testnet deployment, the POL upgrade is now live on the Ethereum mainnet. According to an update on October 25, Polygon Labs, the team behind the Ethereum sidechain, Polygon, said the move is a milestone for the project. The team claims the release of POL “paves the way for the next series of milestones in the Polygon 2.0 roadmap.”
Polygon 2.0 Taking Shape: What’s In Store?
The Ethereum sidechain continues to build. Despite challenges in the last bear run, which saw MATIC, the platform’s native currency, drop below before crashing to spot levels, the team announced the start of Polygon 2.0, reviving developer activity.
The primary objective of the upgrade is to make the network more scalable, secure, and user-friendly. To achieve this, Polygon will leverage a new consensus mechanism, proof-of-stake liquidity (POSL), which the developer claims is more efficient.
Notably, the team is developing key differences between this consensus system for Polygon 2.0. For instance, validators must stake their native tokens and liquidity to participate in the network.
The liquidity provided by participating validators will then be channeled to boost the liquidity of its decentralized exchanges (DEXes). Subsequently, once Polygon 2.0 goes live, exchanges running on the sidechain will be more liquid, meaning users can easily swap tokens in a low-fee, highly scalable environment.
Will MATIC Bulls Break ?
Moreover, POL will be critical for Polygon 2.0. With the token now being initiated on the Ethereum mainnet, Polygon Labs is jump-starting the process, setting the ball rolling for POL, which the team said will “power a vast ecosystem of ZK-based layer-2 chains.”
The team claims POL is a “hyperproductive token” primarily designed to power a multichain ecosystem. Besides, the token will be used to settle fees, and holders will participate in governance. At the same time, those who choose to stake it will be paid in the token.
Still, it is not clear whether this update will support MATIC prices in the long run. At present, the psychological level remains elusive.
Looking at price charts, MATIC is already up 30% from October 2023 lows and continues to unwind losses. Moreover, bulls have reversed the dump of October 17 and continue to power higher.
From the daily chart, bull bars are banding along the upper BB, a volatility indicator. This suggests that the underlying momentum is building up, favoring optimistic buyers.
Free Talk Live Co-Host Ian Freeman Sentenced to 8 Years for Running Unlicensed Bitcoin Business
Following his conviction for unlicensed money transmission, money laundering, and tax evasion at the close of December 2022, Keene dweller, libertarian activist, and Free Talk Live co-anchor, Ian Freeman has been sentenced to eight years behind bars this Monday. His fellow Free Talk Live co-host, Mark Edge, explained that an appeal is poised to trail the verdict.
Libertarian Broadcaster Handed 8-Year Sentence for Selling Bitcoin
As the concluding defendant in the Crypto Six saga, Ian Freeman faced a federal judge’s verdict on Monday, following his conviction at December’s end. During the interlude before sentencing, Freeman remained unconfined, but post-sentencing, U.S. Marshals escorted him to incarceration.
At 43, Freeman articulated to the court his belief of not having trespassed the law, stating his crypto sales venture aimed to propagate cryptocurrency adoption.
Post-sentencing, Mark Edge, Free Talk Live’s co-host, penned:
Ian Freeman received 8 years in federal prison with 2 years probation. He was taken into custody. Appeal to follow.
The crypto sphere showed no favor towards the sentence, vocalizing their stances on social platforms. “Ian Freeman was just sentenced to 8 years in prison for selling bitcoin via his ATM,” relayed Bruce Fenton to his audience.
The Libertarian Party of New Hampshire (LPNH) also weighed in. “Ian Freeman has been sentenced for 96 months for the ‘crime’ of selling bitcoin without the proper government paperwork,” the LPNH post proclaimed. “Thanks to sound money, the days when tyrants can effectuate edicts like this are numbered.”
“Terrible news,” lamented the bitcoin enthusiast Mandrick on the social media platform X. “Ian Freeman was sentenced to 8 years in federal prison. I met my wife, and first heard about bitcoin through his podcast Free Talk Live.” Freeman alongside Edge pioneered in advertising bitcoin on a syndicated radio channel via their Free Talk Live (FTL) broadcast.
Since its inception in 2011, the syndicated broadcast has embraced bitcoin for advertising ventures, and for over a decade, FTL’s national radio segments have championed bitcoin during the show and in ads.
What do you think about Ian Freeman sentence? Share your thoughts and opinions about this subject in the comments section below.
Bitboy Ben Armstrong Arrested During Live Stream Over Stolen Lambo
Crypto influencer Ben ‘Bitboy’ Armstrong has been reportedly arrested while livestreaming his attempt to confront a former business partner. Excerpts from the Youtube video released on social media show him explaining to police the reasons for his deed, including the alleged theft of his Lamborghini.
Bitboy Crypto Gets Detained in Front of Former Business Partner’s Residence
Crypto personality Ben Armstrong, also known as Bitboy Crypto, has been apparently arrested outside the house of an ex-business partner of his, Carlos Diaz. On Sept. 25, Armstrong appeared in front of his home where he was later met by law enforcement.
Bitboy livestreamed his attempt to confront Diaz on Youtube, alleging the latter had been extorting and threatening him while also having stolen his Lamborghini. The stream is interrupted while he is talking with police who arrived on the scene to search and question him.
NOW THIS IS THE CONTENT WE LIVE FOR. CRYPTO GRIFTER BITBOY SELF DESTRUCTING. BEAUTIFUL!
pic.twitter.com/tq2UlVT8kc
— Autism Capital
(@AutismCapital) September 26, 2023
During his conversation with the officers, Armstrong said he was unarmed but told them he had a gun in his car. He then revealed that a woman, whom he admittedly had an affair with, was also in the truck, adding she was “involved in the situation” and that his wife knew about it.
While members of the crypto community were buzzing with the news on X, formerly Twitter, adding details about the incident and even the full recording of the stream, a fresh listing by the Sheriff’s Department of Gwinnett County, Georgia was also shared in a number of posts.
According to the police record, which appeared online late on Monday, 40-year-old Benjamin Charles Armstrong was in jail. The booking was later updated to add a bond amount of ,600.
Carlos Diaz, a consultant on the non-fungible token (NFT) market and an investor, also confirmed Bitboy’s visit, posting security camera footage on X showing Armstrong walking in front of his house with a smartphone and knocking on his door.
@BenArmstrongsX Don’t know when to stop lying. #CarlosTheApe pic.twitter.com/5eH9nk4A75
— Carlos Diaz (@CarlosDiaz_22) September 26, 2023
The news of the arrest comes after late last month, Ben Armstrong was removed from the Bitboy Crypto Youtube channel and the brand with the same name. At the time, the parent company of Hit Network, which controls the popular channel, cited reasons such as Bitboy’s relapse into substance abuse and damages of various character he allegedly inflicted on employees and community members.
What are your thoughts on Ben ‘Bitboy’ Armstrong’s behavior and arrest? Share them in the comments section below.