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Cryptography News
Cryptoslate
1w
328
Image Credit: Cryptoslate
US government rejects Sam Bankman-Fried’s conviction appeal
- The US government has rejected Sam Bankman-Fried's appeal to overturn his conviction and sentencing related to the FTX collapse.
- Bankman-Fried sought to overturn his conviction citing judicial bias and procedural missteps.
- The government dismisses the appeal, stating that it failed to demonstrate errors or prejudice in the original trial.
- The government maintains that the conviction and sentence should stand.
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Cryptopotato
1w
332
Image Credit: Cryptopotato
Mira Leads Decentralized AI Wave as Node Delegator Program Sells Out Instantly
- Mira Network's highly anticipated Node Delegator Program's first drop reached its full capacity of $250,000 in contributions within a few hours of launch.
- The program attracted thousands of participants interested in contributing to the network's growth, with 5,000 successful participants and over 25,000 applicants.
- Mira aims to democratize access to AI infrastructure by partnering with leading node operators and enabling participants to delegate compute resources.
- The rapid sell-out of the program demonstrates strong confidence in Mira's approach to creating trustless AI systems and ensuring broader participation in the AI economy.
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TechBullion
1w
127
Image Credit: TechBullion
The Real-Time Threat: Why Quantum-Resistant Security Is No Longer Optional for Telecom Networks
- Telecom networks are facing real-time threats with the emergence of advanced quantum computing.
- Quantum computers can easily break standard encryption protocols, compromising sensitive telecom data.
- There is an urgent need for quantum-resistant cryptography in telecom networks to protect against quantum-enabled breaches.
- Companies like TM Technologies are leading the way in providing quantum-resistant security solutions for telecom networks.
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Cryptopotato
1w
383
Image Credit: Cryptopotato
Story Launches Agent TCP/IP: The Foundational Layer for the AI Agent Economy
- Story, the world’s IP blockchain, has developed the Agent Transaction Control Protocol for Intellectual Property (Agent TCP/IP).
- Agent TCP/IP enables AI agents to autonomously exchange and monetize their IP with other agents.
- The protocol allows AI agents to initiate and manage legally binding contracts without human oversight.
- Story's Agent TCP/IP creates a frictionless system for AI agents to securely and autonomously exchange intellectual property.
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Cryptopotato
1w
388
Image Credit: Cryptopotato
BlackRock’s IBIT Nearly Doubles Gold ETF’s 20-Year AUM Milestone in Less Than 12 Months
- BlackRock's iShares Bitcoin Trust (IBIT) has nearly doubled the assets under management (AUM) of BlackRock's iShares Gold Trust (IAU) in less than a year.
- IBIT has achieved a milestone of $58.57 billion AUM, while IAU took 20 years to reach $33 billion AUM.
- IBIT became the fastest ETF to reach $50 billion AUM, achieving the feat in 228 days, compared to the previous record of 1,329 days.
- Driven by increasing Bitcoin price, IBIT has surpassed numerous milestones and holds the largest spot Bitcoin ETF trading volume, AUM, and market cap.
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Coindoo
1w
174
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Boost VC Invests in PoSciDonDAO, Welcoming It to Their Go-To-Market Program
- Boost VC has invested in PoSciDonDAO, a project aiming to decentralize scientific research and innovation.
- The investment includes PoSciDonDAO's acceptance into Boost VC's Go-To-Market Program, providing valuable support.
- Boost VC has a commitment to decentralized science and has invested in various similar projects in the past.
- The partnership aims to promote transparency, inclusivity, and equity in scientific research.
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Cryptoticker
1w
332
Image Credit: Cryptoticker
How Could the Crypto Market Behave in the Next Two Months After the Fed Rate Cut?
- The recent rate cut by the U.S. Federal Reserve has sparked optimism in the crypto market.
- Increased liquidity and institutional participation could drive a sustained rally.
- Institutional adoption, market sentiment, and macro factors will play important roles.
- Bitcoin and Ethereum are likely to lead, with altcoins experiencing volatility.
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Bitcoinmagazine
1w
319
Vancouver’s Mayor Shares His Pro-Bitcoin Vision
- Vancouver's Mayor Ken Sim is a Bitcoin enthusiast working to make Vancouver a more Bitcoin-friendly city, advocating for the development of a strategic bitcoin reserve. He believes that, in a perfect world, Vancouver would allow people to transact with bitcoin without triggering capital gains tax events and accept payments in the form of bitcoin. According to Mayor Sim, Bitcoin adoption in Vancouver would lead to an immutable record and add a level of transparency never seen in history. He believes that Bitcoin adoption would bring financial hope to citizens at a time when many are struggling financially.
- Mayor Sim “showers people with love and then hits them with facts” to educate them about Bitcoin, particularly as many believe that Bitcoin is bad for the environment. Mayor Sim believes the opposite is the case and that Bitcoin can help save the environment. Bitcoin incentivizes organizations to capture the natural gas, repurpose it for Bitcoin mining and build alternative or green energy projects, which would otherwise be uneconomic. Moreover, Bitcoin mining provides a guaranteed customer in the form of Bitcoin miners, and it would be net positive for the environment.
- Mayor Sim believes that Bitcoin is the greatest invention in human history, and it could change how humans interact with each other and how nation states evolve. The fiat currency is broken, and Bitcoin provides hope that could set up Vancouver's future prosperity for the next hundred years. As Bitcoin is difficult to use technically, he believes that the Bitcoin community needs to start pumping the true narrative of why bitcoin is a sound financial asset and getting the education out there.
- Mayor Sim does not see the Vancouver city government educating its residents on Bitcoin but believes that Bitcoin supporters need to push the narrative with elected officials to get them to see the value. Mayor Sim says that Vancouver could transform into a pro-Bitcoin city relatively quickly if people come onboard and see how Bitcoin can reduce some of the financial stress in their lives.
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Cryptopotato
1w
183
Image Credit: Cryptopotato
UTXO Stack Completes Series A Funding, Plans TGE in Q1 2025
- UTXO Stack completes its Series A funding round at a $50 million valuation.
- They plan to launch a large-scale airdrop incentive program in early January 2025.
- UTXO Stack will collaborate with CKB's Fiber Network for liquidity airdrop incentives.
- They are set to host their Token Generation Event (TGE) in Q1 2025.
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Cryptoticker
1w
277
Image Credit: Cryptoticker
XRP Crash: What Happened and What's Next for the Last Days of 2024?
- XRP's recent market crash has raised questions about its stability and future prospects in the crypto space, triggered by a combination of regulatory pressure, market-wide sell-offs, and whale liquidations.
- The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is a major contributor to XRP’s volatility, especially amidst fears of stricter regulations.
- Macroeconomic factors such as interest rate hikes by the U.S. Federal Reserve and ongoing fears of a global recession have also led to risk-off sentiment in crypto and financial markets.
- Negative investor sentiment can exponentially accelerate XRP's sell-off. Ripple's international partnerships and expansion could soften the impact of regulatory woes.
- XRP’s future depends heavily on the outcome of the SEC lawsuit, which could spark a recovery or further sell-offs, a verdict which might materialize in 2024 and determine the token's status as a security or non-security.
- XRP's market ranking took a significative drop concerning its legitimacy and influence within the broader crypto space.
- In the short-term, analysts predict that XRP can retrace to critical support levels, presenting a strategical dip entry point, for those with a long-term outlook.
- Investors should assess the risks and rewards of buying during a market crash, using strategies such as dollar-cost averaging and monitoring sentiment analysis and technical indicators.
- Key indicators to watch for a potential reversal include a break above the 50-day moving average and bullish divergence on the MACD.
- The unfolding of key legal events, Ripple's global expansion, and technical indicators are crucial for the future of XRP in 2024.
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Medium
1w
341
Image Credit: Medium
RAILGUN 2024 — A Year in Review
- RAILGUN protocol experienced tremendous growth in 2024, with almost $90 million held in private 0zk addresses as of 5th December, representing a 650% increase YoY, and up by thirty times since 2023.
- The total value held by 0zk addresses determines the privacy level of the RAILGUN protocol, making RAILGUN the first choice for privacy on Ethereum/EVM in the DeFi space.
- The shielded volume hit a milestone of $2 billion in October 2024, with $1.7 billion contributed by transaction volumes in 2024 alone, thereby establishing RAILGUN as a next-generation privacy solution.
- The growth in the treasury was organic, with 0.25% of tokens entering and exiting smart contracts sent to the treasury. The Active Governors, responsible for treasury governance on their respective chain, have been rewarded with 2% of treasury's ETH/BNB/POL, DAI, and RAIL every two weeks, resulting in Active Governors receiving around $1.9 million for their efforts in 2024.
- RAILGUN also offers private DeFi volume, where users have private access to dApps on Ethereum/EVM, with all on-chain liquidity and dApps remaining undoxed and unbothered.
- RAILGUN users swapped over $68 million privately through the 0x Dex Recipe in 2024 alone, with development efforts on RAILGUN_connect ongoing for 2025.
- Vitalik Buterin himself endorsed RAILGUN in 2024 by using the protocol and citing Private Proofs of Innocence as a key differentiator and a reason for his personal preference for RAILGUN protocol.
- The RAILGUN community continues to grow, with over 10,000 followers added collectively on social media platforms, including active Twitter profiles and Telegram groups.
- RAILGUN's roadmap for 2025 includes protocol upgrades, such as RAILGUN_connect, RAILGUN v3, and Private Proofs of Innocence v2, with the goal of privacy of tens of billions of value on Ethereum possible.
- RAILGUN's success in 2024 indicates that the project has the potential to continue growing and becoming the go-to privacy solution for DeFi on Ethereum and beyond.
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Coindoo
1w
136
Image Credit: Coindoo
Harbour Teams with Velocity Labs to Launch Instant Stablecoin Payment Between EU Banks and Polkadot
- Harbour, in partnership with Velocity Labs, has launched their stablecoin payment system “Magic Ramp”, connecting SEPA Instant payment rails with Polkadot.
- Magic Ramp allows Euros to be sent from any bank account and received as USDC on-chain in less than 30 seconds, with minimal fees.
- Developers can issue virtual IBANs linked to Polkadot wallet addresses, bridging SEPA Instant payment rails in Europe with the Polkadot Asset Hub.
- Harbour's Magic Ramp simplifies integration of traditional banking entities with Web3, addressing challenges in payments to meet market needs.
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Bitcoinmagazine
1w
336
Don't Fall for the Bitcoin Crash – It's Just a Breather
- The recent dip in Bitcoin price is nothing to worry about.
- The comments from the Fed Chair about Bitcoin policy are irrelevant.
- Dips like this are normal and healthy in a bull market.
- Opportunities for Bitcoin growth are expected in the coming years.
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Bitcoinmagazine
1w
34
The IMF Just Improved El Salvador’s Bitcoin Law
- The IMF has reached a $1.4 billion loan deal with El Salvador.
- As part of the deal, El Salvador has removed certain pro-Bitcoin policies.
- Merchants will no longer be obligated to accept Bitcoin.
- El Salvador will wind down operations of its Chivo wallet.
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Coindoo
1w
409
Image Credit: Coindoo
Bybit x Block Scholes Crypto Derivatives Report: BTC at All-Time High, ETH Options Signal Momentum
- Bybit, the world’s second-largest cryptocurrency exchange, released its latest crypto derivatives analytics report in collaboration with Block Scholes.
- Bitcoin (BTC) surges to an all-time high, but derivatives markets show cautious optimism.
- Ethereum (ETH) options market indicates bullish sentiment.
- Bybit Research suggests a cautious approach in the derivatives market despite BTC's record-breaking price.
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