Everything web3, crypto, defi, degen
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In brief Ethereum transformed the blockchain industry by enabling smart contracts, DAOs, NFTs, and decentralized apps. From its 2015 launch to The Merge in 2022, Ethereum has driven innovation and faced growing pains. Ethereum powers DeFi and NFTs, but still battles high fees, scalability limits, and fierce competition. Ethereum, the second-biggest cryptocurrency after Bitcoin, is…
In brief Qubic has given AIGarth, the AI model it has been training while it attacked privacy blockchain Monero, a social media account. AIGarth has faced public ridicule after it failed to solve basic math problems, such as 1+1. However, its creators say that its failures are part of a learning process, and come from…
In brief New York State Assemblymember Phil Steck proposed a 0.2% tax on crypto transactions that take place in the Empire State last week. The funds would help schools combat substance abuse upstate. Stablecoins will not be exempt, he said. New York State Assemblymember Phil Steck’s proposed tax on crypto transactions will not be modified…
In brief Qubic attempted a 51% attack on Monero last week, and still aims to change how the network’s consensus mechanism works. After a community Discord vote, Qubic will now prepare to see if its unique design works for Dogecoin. The AI protocol currently has no plans to attack Dogecoin; it just wants to “mine…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Qubic said that it had momentarily achieved control of 51% of the hash rate of privacy blockchain Monero. The firm said the event was an “experiment” and a way to “help” the network. However, a few experts said there had been no independent verification of the attack. AI protocol Qubic said it had…
In brief The price of Monero (XMR) has dropped 15.96% on the week so far. XMR investors are rushing for the exists as news spreads of a 51% network attack by the Qubic mining pool. The charts show bearish momentum is accelerating. The majority of the crypto market may be rejoicing today, but the king…
In brief Academic research points to a number of factors influencing Bitcoin’s value. They encompass programmed scarcity, network effects, and cost of production. Studies have also found that sentiment and belief play an outsized role in determining the value of Bitcoin. Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the…
In brief Ethereum celebrated its 10th anniversary on Wednesday, persevering through a decade of existential threats and evolution. Over the next 10 years, advocates believe the network will complete a spree of upgrades, improve layer-2 interoperability, and become the “settlement layer for everything.” Consensys pushed back on concerns that quantum computing could pose an existential…
