Crypto Bytes: Top 10 Breaking News from Cryptoverse

  1. Crypto Bytes: Top 10 Breaking News from Cryptoverse – Vitalik Buterin unveils new Ethereum roadmap! Focus is on the function of single slot finality (SSF) in post-Merge Proof-of-Stake (PoS) enhancement, which provides an indication of the network’s future course.
  1. Terra Luna Classic community has accepted a significant proposal from Genuine Labs, a team of Cosmos stack engineers, to collaborate on Terra Classic chain development alongside L1TF & other developers. LUNC development team found several problems & offered assistance.
  1. In comparison to the previous year, Ethereum L2 transactions increased by almost 330% in 2023. Recent months have seen a noticeable increase in interest in Ethereum’s scaling solutions such as Coinbase Base, ARB, and OP.
  1. Members of the South Korean National Assembly purchased cryptocurrency for $48 million between May 2020 and May 2023. While 8 members owned cryptocurrency in 2022; and 17 in 2023. South Korea mandates legislators to reveal their cryptocurrency holdings.
  1. Changpeng Zhao, former CEO of Binance, has been prohibited from traveling once more as his sentencing for criminal charges draws near in late February. CZ’s request was turned down by the U.S. District Court for the Western District of Washington on Friday. 
  1. Coinbase appoints Rick Schonberg as its new Chief Custodian. The action was taken in response to companies like BlackRock looking to Coinbase to custody their funds after they applied for spot bitcoin ETFs.
  1. Hackers drain $82 million by taking advantage of vulnerabilities of Orbit Chain’s bridging service, Orbit Bridge. 
  1. Blast, the recently announced layer 2 blockchain established by the creators of the non-fungible token (NFT) platform Blur, has already received more than $1.1 billion in deposits thanks to an airdrop scheduled for May.
  1. Monex will acquire a majority share in Canadian digital asset manager 3iQ. Monex operates cryptocurrency exchanges, online brokerages, and asset management services in Japan. 3iQ is well-known for having a Bitcoin ETF listed in Canada.
  2. Over the course of the last month, zkSync, an Ethereum Layer 2 scaling solution, handled more transactions than the Ethereum mainnet. In less than 30 days, zkSync processed 34.7 million transactions, more than Ethereum did in the same time frame (34.2M).

Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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