Cryptocurrency news
AWS went down in the US, but Ethereum kept humming
Ethereum hummed along through the latest AWS outage but one commentator said its reliance on Lido for staking could cause issues in the future. Amazon Web Services (AWS) suffered a minor outage, but there was no impact on Ethereum network nodes even though they largely rely on A...
Polygon 2.0 introduces upgrades to tap into ‘Value Layer’ of internet
According to Polygon Labs, Polygon 2.0 will enable users to create, exchange and program value on the internet. On June 12, Polygon Labs announced “Polygon 2.0,” a set of upgrades that seeks to establish the “Value Layer” of the internet, which the company says will allow users...
BTC Prague 2023: ‘Anyone can produce value in the Bitcoin ecosystem’
Wolf von Laer, the CEO of Students for Liberty, spoke with Cointelegraph about the nature of the Bitcoin community and the need for more openness. Throughout recent years, the world of crypto has been subject to as much scrutiny and volatility as it has innovation and growth. A...
Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
DEXes are not securities exchanges, argues crypto venture firm Paradigm. Crypto venture capital firm Paradigm has slammed the United States Securities and Exchange Commission’s attempt to redefine the term “exchange” — which if accepted, would bring decentralized exchanges under...
Nike NFTs are coming to EA Sports games: Nifty Newsletter, May 31–June 6
Cointelegraph spoke with Future Primitive’s Jayden Windle and Benny Giang to learn how NFTs can be used as digital wallets through ERC-6551. In this week’s newsletter, read about GameStop’s nonfungible token (NFT) platform partnership with game company Illuvium, and check out ho...
Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees
The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software. The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacti...
AI should be regulated like medicine and nuclear power: UK minister
A minister from the United Kingdom’s opposition party says artificial intelligence should be licensed and regulated in a similar way to the pharmaceutical and nuclear industries. Developers working on artificial intelligence should be licensed and regulated similarly to the phar...
Atomic Wallet says hack affected 1% of active users, but investors claim otherwise
In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds. A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users, accor...
Bitcoin mining firms keep building despite BTC mining profitability slump
Crypto mining firm CleanSpark has been aggressively expanding its fleet of mining machines this year, despite mining profitability being far from its all-time highs. Despite a 44% decline in Bitcoin BTC $27,069 mining profitability over the last year, some Bitcoin mining compa...
Gate.io denies liquidity problems after Multichain CEO goes missing
Some Twitter users posted transactions showing large inflows of MULTI and FTM to Gate.io, leading them to perceive a connection between the two organizations. Centralized crypto exchange Gate.io denied rumors of illiquidity on May 31, stating that “there are no issues with our o...