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Cryptography News
Bitcoinmagazine
3h
222
Bitcoin Layer 2: Sidechains
- Bitcoin sidechains concept was proposed in 2014 by key industry figures.
- Sidechains allow for experimentation without compromising main Bitcoin blockchain security.
- They consist of peg for coin transfer and consensus mechanism for operation.
- Merge mining and SPV proofs are key components in sidechain operation.
- Numerous sidechain designs have been proposed, but adoption levels remain limited.
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Coindoo
4h
291
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Circle’s USDC Poised to Enter China’s Blockchain Trade System via Ant Group
- Circle's USDC is awaiting regulatory clearance to enter China's blockchain trade system through an integration with Ant Group.
- The move signifies the rare convergence of a U.S.-issued stablecoin and a Chinese financial network, potentially streamlining settlement flows in trade finance.
- Ant Group is seeking licenses in multiple countries to ensure compliance for its stablecoin operations, indicating a maturing approach to digital assets in Chinese fintech.
- This partnership is part of Circle's global strategy, with USDC gaining regulatory approval in various countries, positioning it as a prominent digital dollar in both emerging and established markets.
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Medium
4h
208
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Montgomery’s Trick for Batch Galois Field Inversion
- Montgomery’s trick is a method for inverting a batch of field elements efficiently by using accumulated products and the extended Euclidean algorithm.
- The trick involves computing accumulated products up to each element, then calculating the field inversion for the final product, and using it to calculate the inversion of each element in the batch.
- This optimization reduces the number of expensive field inversions from one per element to just one overall, resulting in a computationally lighter solution.
- The application of Montgomery’s trick is beneficial for batch inversion in finite fields, especially in cryptography applications where field operations are common.
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Cryptopotato
5h
305
Image Credit: Cryptopotato
GameSquare Completes $5 Million Ethereum Purchase as Part of $100 Million Treasury Strategy
- GameSquare completes $5 million Ethereum purchase, deploying $100 million Ethereum treasury strategy.
- Secured 1,818.84 Ethereum at $2,749 per ETH, aiming for 8–14% yields.
- Over-allotment option exercised, elevating gross proceeds to $9.2 million from recent offering.
- Company to reinvest in growth initiatives post full implementation of Ethereum-native treasury program.
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Coindoo
5h
316
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German Businesses Wary of Crypto Payments Despite Long-Term Optimism
- A recent survey of over 600 businesses reveals a contrast between optimism for future crypto payments and current low adoption rates.
- While nearly half of those surveyed believe crypto payments could become common in the next decade, only 2% currently accept them due to concerns such as high volatility and legal uncertainties.
- Larger companies, especially those with over 500 employees, show more interest in exploring crypto-based payment solutions.
- Germany's regulatory environment is evolving with the new MiCA framework in Europe and the country's relatively open stance on crypto, offering tax breaks on long-term holdings and considering blockchain's importance for digital competitiveness.
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Cryptopotato
5h
179
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Ripple CEO Says Stablecoins on the Verge of a Trillion-Dollar Boom
- Ripple CEO Brad Garlinghouse predicts that the stablecoin market could grow nearly tenfold in the coming years, reaching $1-2 trillion from the current $260 billion.
- Ripple partnered with Bank of New York Mellon, with BNY Mellon handling the USD cash and Treasury bills that back its RLUSD stablecoin, ensuring holders can redeem it for USD on a 1-to-1 basis.
- BNY Mellon's support for RLUSD aligns with its gradual expansion into crypto services, Ripple's RLUSD launched in 2024 and has grown rapidly in the stablecoin market, aiming to comply with upcoming federal standards.
- While Standard Chartered and Bernstein anticipate the stablecoin sector to grow to $2 trillion by 2028, J.P. Morgan remains more conservative, estimating growth to $500 billion, citing limited widespread use of stablecoins.
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Cryptopotato
5h
107
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Blossom Fund Launches BLOS Token, Offering Retail Investors Access to A Professionally Managed Stock Portfolio
- Blossom Fund has launched its BLOS token presale to provide retail investors with blockchain-based access to a professionally managed stock portfolio, aiming to democratize professional asset management.
- The initiative aims to lower the barriers to professional fund management by offering retail investors a pathway to benefit from high-level financial management without requiring a high initial investment.
- Blossom Fund's buyback and burn model aims for sustainable growth by utilizing profits from stock investments to buy back and burn BLOS tokens, decreasing the circulating supply and potentially increasing the token's long-term value.
- Transparency and governance are emphasized by Blossom Fund through monthly performance reports, public visibility of fund wallets and token burn address, and regular updates on fund performance and overall project status via the website and social media channels.
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Coindoo
5h
255
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Binance Launches CROSS and AIN Perpetual Futures with 50x Leverage
- Binance is launching CROSS and AIN perpetual futures with 50x leverage, starting with trading for CROSS/USDT on July 11 at 07:00 UTC, followed by AIN/USDT at 07:15 UTC.
- The new contracts aim to attract traders looking for high-risk exposure to emerging altcoins and expand Binance's derivatives platform.
- CROSS is a blockchain geared towards Web3 gaming with EVM compatibility and AIN operates as a decentralized system for developing and monetizing AI models on-chain.
- Both CROSS and AIN represent emerging sectors in crypto - gaming and decentralized AI, respectively, with a focus on innovation and scalability.
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Coinjournal
6h
103
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Binance’s YZi Labs backs US based BNB treasury firm targeting IPO
- YZi Labs, led by Binance's former CEO, backs the first US-based BNB treasury firm by 10X Capital, targeting an IPO.
- Nano Labs recently purchased $50 million in BNB tokens, with plans to increase the investment to $1 billion.
- Binance Coin (BNB) has surpassed $665, indicating a possible uptrend towards the $733 target.
- The new treasury company aims to offer BNB-backed shares via an IPO, providing institutional investors with simplified access to BNB holdings.
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Coinjournal
6h
239
Image Credit: Coinjournal
What next for Bitcoin after hitting a new all-time high? Check forecast
- Bitcoin hit a new all-time high of $112k after adding 3% on Wednesday.
- The coin could rally towards $115k-$120k with favorable macro conditions and price action.
- Increasing institutional demand and companies adding Bitcoin to their balance sheets are driving the positive performance.
- Technical analysis suggests BTC might temporarily dip to $109,700 before potentially surging to $116k-$120k if $112k holds as support.
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Coindoo
6h
177
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Australia Launches Six-Month Trial of Tokenized Money and Wholesale CBDC
- Australia has launched a six-month trial of tokenized assets, stablecoins, and a wholesale CBDC in collaboration with the Digital Finance Cooperative Research Centre.
- The initiative, part of Project Acacia's second phase, involves 24 use cases with banks, fintechs, and blockchain firms participating, including major Australian banks CBA, ANZ, and Westpac.
- Use cases span across repo markets, private credit, carbon markets, and government securities, with specific focuses on digital currencies in repo transactions and tokenized trade payables.
- The trial, supported by regulatory exemptions from ASIC, aims to understand how tokenization could impact liquidity, risk, and settlement in institutional finance, with findings expected in early 2026.
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Coindoo
6h
212
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BlockDAG Outpaces XRP & SHIB With $335M Raised & Real-World Sports Deals Driving Adoption
- BlockDAG (BDAG) has raised over $335 million in its presale, showcasing rapid growth and adoption in the crypto market.
- XRP remains of interest due to its speed and low cost, but faces regulatory challenges which may impact wider adoption.
- SHIB trading volume has surged, driven by community engagement and meme-driven appeal, highlighting its market influence.
- BlockDAG's real-world sports partnerships with professional teams like the Seattle Seawolves and Seattle Orcas demonstrate utility and broad adoption potential.
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Coinjournal
6h
321
Image Credit: Coinjournal
GMX price dives 20% after $40 million hack
- GMX price fell 20% after a $40 million exploit on its V1 platform.
- Investor panic and security concerns pressured the price near $11.45.
- Exploit led to loss of $40 million triggering sharp decline in GMX token value.
- GMX's response and security measures will be crucial to stabilize confidence.
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Cryptopotato
7h
112
Image Credit: Cryptopotato
Bitcoin Legend Max Keiser Predicts BTC to Hit $220K in 2025
- Bitcoin evangelist Max Keiser predicts that Bitcoin will reach $220,000 by the end of 2025, citing its recent surge and significant growth since his initial prediction in 2022.
- Keiser first made the $220,000 forecast during a challenging period for the crypto market, but the current price movements have lent credibility to his prediction.
- Bitcoin recently hit a new all-time high, propelled by comments from U.S. President Donald Trump and potential inflationary impacts of significant interest rate cuts.
- While Keiser remains steadfast in his bullish outlook, he chooses to withhold the precise timing of his prediction to prevent investor fear and uncertainty.
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NullTX
7h
0
Image Credit: NullTX
PUDGY PENGUINS PRICE ANALYSIS & PREDICTION (July 10) – Pengu Resumes Bullish After a Short Pullback, Jumps 30% Daily
- Pengu experienced a short pullback but has resumed its bullish trend on the daily chart, surging towards the key $0.02 level.
- The $0.0175 level acted as resistance, leading to a temporary setback, but Pengu found support at $0.0143 and is now back in an upward range.
- The bulls are currently dominating the market, with key resistance levels targeted at $0.0274, $0.047, and potentially $0.07.
- If the price drops, key support levels are at $0.0143, $0.01, $0.0076, and $0.0052, while a strong close above $0.02 could trigger a significant rally.
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