Endor Protocol(EDR)

A malicious actor claims to have "KodexGlobal" account, issuing emergency data requests (EDRs) to crypto and social media platforms.

Vitruveo is not just another blockchain platform; it is a dedicated Blockchain for Creators, utilizing an EVM-based protocol as the bedrock for constructing a decentralized ecosystem.

Cyber.Fund, which also backed Cosmos, Solana and Polkadot, is focused growing the "cybernetic economy," in which blockchain is the bedrock.

Bitcoin’s price has been bullish since the beginning of the year, consistently making higher lows and highs. Therefore, investors might be wondering whether a correction is likely to occur in the short term or if the current trend would be sustained. Technical Analysis By Edris The Daily Chart As the daily chart depicts, the price […]

Technical Analysis By Edris Bitcoin’s price has recently surged above the key $30K resistance level, following a rebound from the $25K support zone. However, a correction seems probable in the short term. The Daily Chart On the daily chart, the price has broken through the $30K resistance level and has aggressively rallied toward the $35K […]

Technical Analysis By Edris Ripple’s price is currently testing a key resistance level against USDT but is yet to achieve any breakthrough. However, things might be about to change in the coming days. On the other hand, things are not looking so good against BTC. The USDT Paired Chart Against USDT, the price has been […]

Ethereum’s price has been violently breaking past resistance levels during the recent surge. However, for the long-term trend to be considered bullish, one obstacle still needs to be overcome. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been steadily ascending since rebounding from the $1,550 support level and the […]

Bitcoin’s price has effectively breached the $30,000 resistance threshold and is presently experiencing robust upward momentum. While BTC appears unstoppable at this juncture, there remains a noteworthy likelihood of a transient correction. Technical Analysis By Edris The Daily Chart On the daily chart, it becomes apparent that the price has experienced fervent rallying subsequent to […]

Ripple’s price is currently testing a key area against USDT while getting rejected from another one on the Bitcoin chart. Technical Analysis By Edris The USDT Paired Chart Against USDT, the price saw a spike yesterday, breaking above the 50-day moving average located around the $0.50 mark. However, the 200-day moving average is preventing it […]

Ethereum’s price has recently rebounded and is currently testing a key area. In case the bullish momentum carries on, the price is likely to head toward the $2,000 resistance zone in the near future. Technical Analysis By Edris The Daily Chart On the daily timeframe, the $1,550 support level has once again held the price, […]

Bitcoin’s price surprisingly spiked higher yesterday, closing above multiple significant resistance levels. However, the main obstacle, the $30K level, remains intact. Technical Analysis By Edris The Daily Chart On the daily chart, the price has been supported by the 50-day moving average located around the $27K mark. It has rebounded from this level since, aggressively […]

The price of Ripple is currently showing concerning signs on both the USDT and BTC paired charts. It might be the case that the value of XRP will decrease in the coming weeks in terms of both the US dollar and Bitcoin, but there might also be more to the story. Technical Reckoning By Edris […]

The decentralized social media protocol is migrating to OP Mainnet according to a post by Farcaster co-founder Dan Romero today August 23. Romero has also noted that many of Farcaster’s users and developers “are building on the OP Stack across OP Mainnet, Base & Zora.” Once the cursory steps for the migration are done, the next step will be the enabling of permission-less sign-ups which will finally open up Farcaster to the broader world. This is a big step for Farcaster, especially with OP Mainnet picking up steam and the recent increase of interest in social dApps. At present, Farcaster is still on Ethereum, with a big chunk of its data stored offchain in servers. But the recent growth and developments in Ethereum’s layer 2 ecosystem have given developers a wide range of tools and options. OP Mainnet, as mentioned, is currently picking up steam with its recent ‘Bedrock’ update that became the first step in its goal of creating a “superchain”. The update paved the way for higher transaction throughput but with lower gas fees. This migration is considered strategic, especially given how Ethereum L2s have been rapidly evolving and are now processing nearly five times as many transactions per second (TPS) as the primary Ethereum network. Projects that operate in the Ethereum ecosystem, like Farcaster, are recognizing the advantages of Layer 2 solutions and are subsequently shifting their focus. Farcaster's migration move is indicative of a broader trend in the world of Web3, where platforms are seeking to leverage the enhanced transaction throughput and reduced fees of Layer 2 and 3 solutions. For instance, Lens, another decentralized social media protocol developed by Aave, operates on a specialized Layer 3 appchain. With layer 2 protocols optimizing their transaction throughputs, the potential for decentralized social apps like Farcaster could be endless, especially with OP Mainnet’s collaborative vision as manifested in its goal of a superchain. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The decentralized social media protocol is migrating to OP Mainnet according to a post by Farcaster co-founder Dan Romero today August 23. Romero has also noted that many of Farcaster’s users and developers “are building on the OP Stack across OP Mainnet, Base & Zora.” Once the cursory steps for the migration are done, the next step will be the enabling of permission-less sign-ups which will finally open up Farcaster to the broader world. This is a big step for Farcaster, especially with OP Mainnet picking up steam and the recent increase of interest in social dApps. At present, Farcaster is still on Ethereum, with a big chunk of its data stored offchain in servers. But the recent growth and developments in Ethereum’s layer 2 ecosystem have given developers a wide range of tools and options. OP Mainnet, as mentioned, is currently picking up steam with its recent ‘Bedrock’ update that became the first step in its goal of creating a “superchain”. The update paved the way for higher transaction throughput but with lower gas fees. This migration is considered strategic, especially given how Ethereum L2s have been rapidly evolving and are now processing nearly five times as many transactions per second (TPS) as the primary Ethereum network. Projects that operate in the Ethereum ecosystem, like Farcaster, are recognizing the advantages of Layer 2 solutions and are subsequently shifting their focus. Farcaster's migration move is indicative of a broader trend in the world of Web3, where platforms are seeking to leverage the enhanced transaction throughput and reduced fees of Layer 2 and 3 solutions. For instance, Lens, another decentralized social media protocol developed by Aave, operates on a specialized Layer 3 appchain. With layer 2 protocols optimizing their transaction throughputs, the potential for decentralized social apps like Farcaster could be endless, especially with OP Mainnet’s collaborative vision as manifested in its goal of a superchain. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Binance has officially announced the launch of its opBNB Mainnet, a notable addition to the burgeoning decentralized scaling solutions sector. Touted to bolster transaction speed, security, and scalability, the move is closely watched by industry insiders and users alike. Harnessing the Optimism OP Stack Bedrock, an optimistic rollup framework, opBNB underwent a comprehensive Testnet phase over a span of 1.5 months. During this time, the network recorded more than 7 million on-chain transactions, connecting to over 435,000 unique wallet addresses. This trial run demonstrated block processing capabilities with times hovering around one second. Notably, opBNB's Testnet revealed its capacity to support an array of tokens, encompassing not only Binance's proprietary BNB but also widely recognized stablecoins like BUSD, USDT, and DAI. A distinguishing feature emerged in the form of minimized transaction costs, with the Layer 2 gas price set at a minimal 0.2 gwei, leading to significantly reduced expenses for users. The impending Mainnet rollout, slotted for mid-August 2023, is bifurcated into stages: an initial access for infrastructure providers followed by a general user release. Calearly defined criteria underline the Mainnet's launch, with emphasis on High Availability to mitigate potential bottlenecks and an ambitious performance benchmark, aiming for a consistent 4,000 TPS. Governance remains central to opBNB's approach. The Mainnet's governance framework, as detailed in the BEP-1 proposal, underscores the commitment to democratic governance processes. Concurrently, to foster ecosystem growth, opBNB is initiating a range of grants and builder programs. Looking ahead, Binance's roadmap for opBNB is multifaceted. It includes enhancing fraud-proof systems, streamlining account abstraction, and ensuring seamless data exchange with the BNB Greenfield ecosystem. A pivotal feature on the horizon is the decentralized sequencer, indicative of Binance's preemptive stance on potential centralization concerns. While the opBNB Mainnet launch represents a significant juncture, the path ahead focuses on robust security, augmented community engagement, and facilitating broader digital adoption. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Binance has officially announced the launch of its opBNB Mainnet, a notable addition to the burgeoning decentralized scaling solutions sector. Touted to bolster transaction speed, security, and scalability, the move is closely watched by industry insiders and users alike. Harnessing the Optimism OP Stack Bedrock, an optimistic rollup framework, opBNB underwent a comprehensive Testnet phase over a span of 1.5 months. During this time, the network recorded more than 7 million on-chain transactions, connecting to over 435,000 unique wallet addresses. This trial run demonstrated block processing capabilities with times hovering around one second. Notably, opBNB's Testnet revealed its capacity to support an array of tokens, encompassing not only Binance's proprietary BNB but also widely recognized stablecoins like BUSD, USDT, and DAI. A distinguishing feature emerged in the form of minimized transaction costs, with the Layer 2 gas price set at a minimal 0.2 gwei, leading to significantly reduced expenses for users. The impending Mainnet rollout, slotted for mid-August 2023, is bifurcated into stages: an initial access for infrastructure providers followed by a general user release. Calearly defined criteria underline the Mainnet's launch, with emphasis on High Availability to mitigate potential bottlenecks and an ambitious performance benchmark, aiming for a consistent 4,000 TPS. Governance remains central to opBNB's approach. The Mainnet's governance framework, as detailed in the BEP-1 proposal, underscores the commitment to democratic governance processes. Concurrently, to foster ecosystem growth, opBNB is initiating a range of grants and builder programs. Looking ahead, Binance's roadmap for opBNB is multifaceted. It includes enhancing fraud-proof systems, streamlining account abstraction, and ensuring seamless data exchange with the BNB Greenfield ecosystem. A pivotal feature on the horizon is the decentralized sequencer, indicative of Binance's preemptive stance on potential centralization concerns. While the opBNB Mainnet launch represents a significant juncture, the path ahead focuses on robust security, augmented community engagement, and facilitating broader digital adoption. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Cryptocurrency custodian Prime Trust and some affiliates filed for Chapter 11 bankruptcy on Monday. Las Vegas-based cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy earlier this week after Nevada regulators placed it into receivership in June. Prime Trust Records Significant Deficit on Its Books Nevada’s Financial Institutions Division (NFID) placed crypto custodian Prime Trust into receivership, took control of the business, and froze its operations and businesses. Regulators decided to step in after it determined the company was insolvent and could not serve its customers. Prime Trust said in a filing that it has between 25,000 to 50,000 creditors and estimates its liabilities to be between $100 million and $500 million. The firm added its assets are worth $50 million to $100 million. The Chapter 11 filing indicates John Guedry, the former president of the Bank of Nevada, will act as a receiver and lead the restructuring committee. Judge Susan Johnson of the Eighth Judicial Court of the State of Nevada will oversee the bankruptcy proceedings. Prime Trust will continue in their role as “debtors-in-possession” under the court’s jurisdiction. In a press release announcing its bankruptcy, Prime Trust said: “The Company, under the supervision and direction of the Special Committee, continues to manage their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.” It added, “The Company intends to file a number of motions with the Bankruptcy Court designed to facilitate the Company’s orderly evaluation of all strategic alternatives, including potentially a sale of the Company’s assets and operations as a going concern.” Regulators claim Prime Trust misused customer funds to pay withdrawals since December 2021 after the firm lost access to several customer crypto wallets. Prime’s voluntary bankruptcy filing comes as no surprise. In a press statement, the NFID commented on its decision to place the firm under receivership: “The Nevada Financial Institutions Division (“NFID”) was actively monitoring the solvency of Prime Trust, LLC (“Prime”) in anticipation of a potential acquisition or merger.Ultimately, Prime failed to safeguard assets under its custody and cannot meet all client withdrawals. As such, Prime has breached its fiduciary duties to its clients, in violation of Nevada trust laws. NFID’s primary objective is to preserve any enterprise value remaining in Prime for the benefit of Prime’s clients.” Several of the company’s affiliates, including Prime Core Technologies Inc., Prime Trust, LLC, Prime IRA LLC and Prime Digital LLC, also filed for bankruptcy relief. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Cryptocurrency custodian Prime Trust and some affiliates filed for Chapter 11 bankruptcy on Monday. Las Vegas-based cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy earlier this week after Nevada regulators placed it into receivership in June. Prime Trust Records Significant Deficit on Its Books Nevada’s Financial Institutions Division (NFID) placed crypto custodian Prime Trust into receivership, took control of the business, and froze its operations and businesses. Regulators decided to step in after it determined the company was insolvent and could not serve its customers. Prime Trust said in a filing that it has between 25,000 to 50,000 creditors and estimates its liabilities to be between $100 million and $500 million. The firm added its assets are worth $50 million to $100 million. The Chapter 11 filing indicates John Guedry, the former president of the Bank of Nevada, will act as a receiver and lead the restructuring committee. Judge Susan Johnson of the Eighth Judicial Court of the State of Nevada will oversee the bankruptcy proceedings. Prime Trust will continue in their role as “debtors-in-possession” under the court’s jurisdiction. In a press release announcing its bankruptcy, Prime Trust said: “The Company, under the supervision and direction of the Special Committee, continues to manage their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.” It added, “The Company intends to file a number of motions with the Bankruptcy Court designed to facilitate the Company’s orderly evaluation of all strategic alternatives, including potentially a sale of the Company’s assets and operations as a going concern.” Regulators claim Prime Trust misused customer funds to pay withdrawals since December 2021 after the firm lost access to several customer crypto wallets. Prime’s voluntary bankruptcy filing comes as no surprise. In a press statement, the NFID commented on its decision to place the firm under receivership: “The Nevada Financial Institutions Division (“NFID”) was actively monitoring the solvency of Prime Trust, LLC (“Prime”) in anticipation of a potential acquisition or merger.Ultimately, Prime failed to safeguard assets under its custody and cannot meet all client withdrawals. As such, Prime has breached its fiduciary duties to its clients, in violation of Nevada trust laws. NFID’s primary objective is to preserve any enterprise value remaining in Prime for the benefit of Prime’s clients.” Several of the company’s affiliates, including Prime Core Technologies Inc., Prime Trust, LLC, Prime IRA LLC and Prime Digital LLC, also filed for bankruptcy relief. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The MakerDAO founder, Rune Christensen, has announced an airdrop for the Spark Protocol’s native SPK token. According to the proposal, the tokens will be released gradually, with the proposal outlining the distribution of two billion SPK tokens over the next ten years. The SPK Token Airdrop The proposal is aimed at promoting long-term engagement with the platform and outlines the eventual distribution of two billion SPK tokens over ten years in an effort to incentivize the continued usage of the Spark Protocol. The SPK token will also act as a governance token for SparkDAO. “The goal of the SPK pre-farming airdrop is to give users and borrow-arbers a reason to keep using Spark Protocol if the EDSR proposal to increase stability fees to 5% goes through.” According to Rune, the proposal would be an avenue for the community to secure SPK tokens before the launch of the SubDAO, with Rune stating on X, “I posted an overview of the potential SparkDAO SPK pre-farming airdrop for early users of http://sparkprotocol.io borrowing: This would be a way to secure early SPK tokens before the SubDAOs launch (Farming not available to US and VPN users)” Spark Expected To Become SubDAO Spark Protocol is a lending protocol that has been introduced by MakerDAO. The protocol provides DeFi loans, sourcing liquidity directly from Maker. As collateral, the protocol accepts several assets, such as DAI, ETH, and Staked ETH. Spark Protocol eventually aims to become a SubDAO, which marks a significant step in Maker’s Endgame Plan. As a subDAO, Spark will be an entirely independent, decentralized autonomous organization within MakerDAO. The Endgame plan envisions the creation of several subDAOs similar to Spark, each governed by its own distinct community and token. A Way To Incentivize Usage The SubDAO tokens will be allocated to Spark borrowers and will utilize several assets as collateral, distributed proportionately towards the amount and duration of borrowing. According to Christensen, the aim is to bootstrap a community of users and DAO participants whose goals are aligned with SparkDAO. “We want to bootstrap a community of users and DAO participants that are aligned with the mission and potential of SparkDAO.” The eventual goal is to incentivize the Spark token’s active usage, despite it offering a 5% yield on DAI deposits, also called Enhanced DAI Savings Rate. The EDSR on Spark climbed to 8% earlier in the week, resulting in a significant inflow of capital as users rushed to leverage borrowing arbitrage opportunities. This saw users borrow DAI at lower rates and then deploy it for higher yields in EDSR. Maker’s new Spark Protocol has courted controversy following its launch after it emerged that the protocol’s terms of service actively prevented users from accessing the platform through virtual private networks (VPNs). By limiting VPN access, MakerDAO appeared to be restricting US-based users from accessing the platform. Maker’s Endgame Plan MakerDAO’s Endgame is a significant update planned to enhance the protocol’s efficiency, resilience, and participation. It aims to do this by creating a strong governance equilibrium that would act as the bedrock for SubDAOs, helping parallelize growth and innovation in a community-driven ecosystem. In the short term, Endgame hopes to enhance the supply of DAI to over 100 billion within three years. It also aims to ensure that the Maker ecosystem is anchored in a vibrant and independent DAO economy that could grow at an accelerating rate. At the same time, it would also maintain governance equilibrium, ensuring it could scale to any size. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil's pilot CBDC has found code that would allow accounts to be frozen or drained at will.

The Optimism layer-2 network saw less than 300,000 transactions per day around the time of the upgrade, but this number increased to over 500,000 afterward.

Unique innovations have always been the bedrock of successful projects in any sector. This is the same for the crypto space, as some of the best-performing crypto projects got to the top by applying positive innovations to improve the existing blockchain technology. One of such projects which is presently making waves due to its innovation […]

Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism's “Bedrock” upgrade this week.

The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software.