Cofounder Says Movement Labs To Target 1-sec L2 Finality
By the end of 2024, Movement Labs intends to introduce a new system to rapidly resolve transactions directly on layer 2 (L2) scaling networks. Rushi Manche, Movement Labs co-founder, has affirmed that the company intends to introduce a novel mechanism for expediting the settlement of transactions directly on layer 2 (L2) scaling networks by the […]
Based Rollups Proposed as Solution for Ethereum Incentive
Based Rollups, according to some critics, align incentives between Ethereum layer 2 and its base layer validators, perhaps resulting in deflationary issuance again. Based Rollups might offer a solution to Ethereum’s layer-2 networks diverting liquidity and revenue from its base layer. These rollups, which rely on Ethereum’s layer-1 validators for processing instead of their own […]
Stablecoin Issuer Paxos to Integrate with Arbitrum Network
Paxos will integrate with Arbitrum to boost its Ethereum ecosystem position and drive institutional adoption of on-chain real-world assets. In an effort to increase its influence within the Ethereum ecosystem, stablecoin issuer Paxos has decided to merge with Ethereum’s layer-2 scaling solution, Arbitrum. Paxos stated in a press statement dated September 10 that this is […]
WazirX Hacker Moves 10,000 ETH Amid Investigation
The WazirX hacker transferred 10,000 Ethereum (ETH), worth $23.3 million, reigniting concerns within the cryptocurrency community. WazirX Hacker transferred a significant amount of Ethereum, totaling 10,000 ETH, with a value of roughly $23.3 million, bringing the entity back to the forefront of public attention. Last but not least, this most recent operation took place over […]
Vitalik Buterin Linked Wallets Sell Off, ETH Price Drops
Vitalik Buterin’s wallets have sold 760 ETH for $1.835 million at an average price of $2,414 per ETH. Ethereum wallets affiliated with Vitalik Buterin and the Ethereum Foundation have been on a significant selling binge, resulting in continual pressure to sell Ethereum. Over the course of the previous week, the price of ETH fell to […]