Blockchain
‘Storage Proofs’ Touted as Alternative to Hack-Prone Bridges in Multichain World
Storage proofs, a feature that could minimize cross-chain exploits by allowing users to keep their assets on one chain and prove that it's there on a different chain, will go live on Starknet soon.
Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation
"The market appears to be in a period of quiet accumulation, which suggests an undercurrent of demand," one analyst said.
BNB Chain Releases Layer 2 Testnet Based on Optimism's OP Stack
Developers expect the opBNB blockchain to reach speeds of 4,000 transactions per second at a targeted cost of 0.005 U.S. cents per transaction.
U.S. Banking Watchdog Makes Case for Tokenization, Just Not on Public Blockchains
OCC chief Michael Hsu – a crypto critic – argued asset tokenization is the future, but he said centralized efforts are the way ahead.
Interoperability Protocol Connext Labs Raises $7.5M at $250M Valuation
Connext said it is "building the HTTP of Web3" to create a communication layer across different blockchain networks.
Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode.
Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts, Bernstein Says
The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said.
AI and Blockchain Set to Converge: EY's Paul Brody Outlines Future of Tech Synergy
EY's Global Blockchain Leader, Paul Brody, highlights the potential of AI in interpreting blockchain transactions, remarking, "AI systems can give you a lot of mostly right answers at scale." Despite possible inaccuracies, he argues that AI's potential in software development for blockchain is considerable, predicting a future where these technologies harmoniously interact. Brody emphasizes a measured approach, adding, "We're sort of navigating this fitting process," signaling both blockchain and AI are on the brink of transformative growth.
