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🚀 Ethereum's Dencun upgrade is bringing exciting changes with EIP-4844! 🔥
🤔 Ethereum currently has 2 types of transactions, but EIP-4844 introduces a new type-3 transaction called protodanksharding. 💡 EIP-4844 creates "blobs" - large data packets that can be used by Layer 2 (L2) networks to settle transactions on Ethereum's mainnet. 💰 This helps reduce the high costs associated with posting L2 data through Ethereum's calldata, which L2s currently use.
📦 Each block can have up to 6 blobs, and each type-3 transaction can have 1 or 6 blobs, storing up to 128kb of data. ⏱️ Blobs are only stored for around 18 days, making them cheaper than calldata, which is stored forever. 🧠 EIP-4844 also introduces new transaction and block header fields to manage the blob gas market, similar to EIP-1559.
🤝 This change is expected to substantially reduce posting costs for L2 networks, transforming the market. 🔍 However, L2 operators will need to monitor both the type-2 and type-3 fee mechanisms to determine the most advantageous option.
Thus, this Ethereum upgrade will only reduce the fees for layer 2 and not the Ethereum gas fee itself.📈
Reference:
IntoTheBlock. (2024, March 11). Ethereum’s Dencun upgrade is set to launch in 2 days! In this chart, you can see the projected cost of a dex swap on various L2s after the upgrade👇 pic.twitter.com/nuymqkro6a. Twitter. https://twitter.com/intotheblock/status/1767222155639460290
Kellerman, B. (2024, February 7). EIP-4844, Blobs, and blob gas: What you need to know. Blocknative. https://www.blocknative.com/blog/eip-4844-blobs-and-blob-gas-what-you-need-to-know
#Ethereum #EIP4844 #Dencon #Blobs #LayerTwo #Scaling #Crypto #Blockchain #Web3 #Innovation #TechUpdate #FinTech
🤔 Ethereum currently has 2 types of transactions, but EIP-4844 introduces a new type-3 transaction called protodanksharding. 💡 EIP-4844 creates "blobs" - large data packets that can be used by Layer 2 (L2) networks to settle transactions on Ethereum's mainnet. 💰 This helps reduce the high costs associated with posting L2 data through Ethereum's calldata, which L2s currently use.
📦 Each block can have up to 6 blobs, and each type-3 transaction can have 1 or 6 blobs, storing up to 128kb of data. ⏱️ Blobs are only stored for around 18 days, making them cheaper than calldata, which is stored forever. 🧠 EIP-4844 also introduces new transaction and block header fields to manage the blob gas market, similar to EIP-1559.
🤝 This change is expected to substantially reduce posting costs for L2 networks, transforming the market. 🔍 However, L2 operators will need to monitor both the type-2 and type-3 fee mechanisms to determine the most advantageous option.
Thus, this Ethereum upgrade will only reduce the fees for layer 2 and not the Ethereum gas fee itself.📈
Reference:
IntoTheBlock. (2024, March 11). Ethereum’s Dencun upgrade is set to launch in 2 days! In this chart, you can see the projected cost of a dex swap on various L2s after the upgrade👇 pic.twitter.com/nuymqkro6a. Twitter. https://twitter.com/intotheblock/status/1767222155639460290
Kellerman, B. (2024, February 7). EIP-4844, Blobs, and blob gas: What you need to know. Blocknative. https://www.blocknative.com/blog/eip-4844-blobs-and-blob-gas-what-you-need-to-know
#Ethereum #EIP4844 #Dencon #Blobs #LayerTwo #Scaling #Crypto #Blockchain #Web3 #Innovation #TechUpdate #FinTech
Kima Network is building the future of finance! Their mission is to connect traditional finance with DeFi, enabling seamless transfers across ecosystems. Bullish on bridging the gap! #KimaNetwork #DeFi #FinTech
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🌍 Changes on the cryptocurrency market: From Tether to zkSync!🚀
1️⃣ Tether
Tether, the world's largest dollar-pegged stablecoin, recently issued another billion USDT as part of its strategy to diversify into backed assets. An investment in 8,888 Bitcoins (BTC) on March 31 increased their holdings to over 78,317 BTC, making Tether the seventh largest holder of Bitcoin in the world.
2️⃣ Binance and the Fight against Financial Fraud
Binance, one of the largest cryptocurrency exchanges, is actively working with the Taiwanese Ministry of Justice to resolve a $6.2 million money laundering case. Thanks to this cooperation, nine suspects were identified and charged with money laundering and organized crimes.
3️⃣ Development of zkSync - airdrop of Governance tokens
zkSync, a zero-knowledge proof rollup technology (ZK rollup), which is one of the most promising projects in the field of Ethereum scaling.
4️⃣ Hong Kong Digital Yuan Trial Amid ETF Concerns
Hong Kong is testing the digital yuan, showing promising opportunities for cross-border transactions.
5️⃣ Ripple versus stablecoins
Ripple is preparing to launch its own stablecoin to compete directly with major players such as Tether (USDT) and USD Coin (USDC). These developments come in the context of significant regulatory discussions and could profoundly impact the stablecoin market.
#Crypto#Tether#Binance#zkSync#Blockchain#CryptoNews #FinTech
1️⃣ Tether
Tether, the world's largest dollar-pegged stablecoin, recently issued another billion USDT as part of its strategy to diversify into backed assets. An investment in 8,888 Bitcoins (BTC) on March 31 increased their holdings to over 78,317 BTC, making Tether the seventh largest holder of Bitcoin in the world.
2️⃣ Binance and the Fight against Financial Fraud
Binance, one of the largest cryptocurrency exchanges, is actively working with the Taiwanese Ministry of Justice to resolve a $6.2 million money laundering case. Thanks to this cooperation, nine suspects were identified and charged with money laundering and organized crimes.
3️⃣ Development of zkSync - airdrop of Governance tokens
zkSync, a zero-knowledge proof rollup technology (ZK rollup), which is one of the most promising projects in the field of Ethereum scaling.
4️⃣ Hong Kong Digital Yuan Trial Amid ETF Concerns
Hong Kong is testing the digital yuan, showing promising opportunities for cross-border transactions.
5️⃣ Ripple versus stablecoins
Ripple is preparing to launch its own stablecoin to compete directly with major players such as Tether (USDT) and USD Coin (USDC). These developments come in the context of significant regulatory discussions and could profoundly impact the stablecoin market.
#Crypto#Tether#Binance#zkSync#Blockchain#CryptoNews #FinTech
🐦💼 #Twitter reportedly exploring a financial data platform to create an in-app trading hub, says Semafor 📰. Bid proposals sent, but no word on responses 📩🔍. Former CEO, Elon Musk, denies these claims 🚫🚀.
#CryptoNews #Blockchain #FinTech 🚀🔗
#CryptoNews #Blockchain #FinTech 🚀🔗
🚀 Exciting news! Bitstamp, a leading cryptocurrency exchange, is in talks with major European banks 🏦💬 to bring #cryptocurrency services to a broader audience. 💱📊 This collaboration could be a game-changer for the crypto industry! 🌍💼 #CryptoPartnerships #FinTech
$BTC $BNB $XRP
$BTC $BNB $XRP
Not a week goes by without another U.S. #FinTech company going bust or receiving a lawsuit from regulators. The biggest beneficiary of this relentless crackdown on #cryptocurrencies is likely to be Asia.
It has become clear in recent months that the U.S. government does not want a thriving digital asset industry or the innovation that goes with it.
#Regulatory confusion over asset classification and federal agency heads shooting from the hip at anything related to the industry has made matters worse.
It has become clear in recent months that the U.S. government does not want a thriving digital asset industry or the innovation that goes with it.
#Regulatory confusion over asset classification and federal agency heads shooting from the hip at anything related to the industry has made matters worse.
1. The U.S. Securities and Exchange Commission (SEC) is intensifying scrutiny of crypto funds.
2. New York-based #FinTech Investment Adviser, Titan, faces SEC penalties and settlement.
3. #Titan is charged with violating advertising and compliance rules, per the SEC.
4. The #firm allegedly promoted false claims about "hypothetical performance" on its website.
5. Such claims conflicted with SEC's #marketing regulations introduced in December 2022.
6. Titan reportedly failed to #follow suitable employee practices, including client signatures and custody information.
7. Employees used liability disclaimers to misrepresent clients' legal rights against the company.
8. Inadequate policies related to employees' personal crypto asset trading were also highlighted.
9. Titan will pay an $850,000 civil penalty, cooperate with SEC's investigation, and reimburse affected customers.
10. The company received a cease-and-desist order, censure, and $192,454 disgorgement as part of the settlement.
$BTC
2. New York-based #FinTech Investment Adviser, Titan, faces SEC penalties and settlement.
3. #Titan is charged with violating advertising and compliance rules, per the SEC.
4. The #firm allegedly promoted false claims about "hypothetical performance" on its website.
5. Such claims conflicted with SEC's #marketing regulations introduced in December 2022.
6. Titan reportedly failed to #follow suitable employee practices, including client signatures and custody information.
7. Employees used liability disclaimers to misrepresent clients' legal rights against the company.
8. Inadequate policies related to employees' personal crypto asset trading were also highlighted.
9. Titan will pay an $850,000 civil penalty, cooperate with SEC's investigation, and reimburse affected customers.
10. The company received a cease-and-desist order, censure, and $192,454 disgorgement as part of the settlement.
$BTC
🌟 Singapore Tightens Grip on Crypto! 🌟
The game has changed in Singapore's crypto scene! 🚀 The Monetary Authority of Singapore (MAS) now requires licensing for crypto custody services and more, marking a significant shift. If you're in the biz, it's time to hustle - submit your license application within six months starting from April 4, 2024, to keep the crypto wheels turning. Don't miss the boat! ⏳🔒
Positive Spin: 🌈✨ Singapore's new crypto licensing is a game-changer! It's setting the stage for a safer, more reliable crypto future. Get ready for growth and trust to skyrocket in the fintech world! 🚀
Source:https://www.coindesk.com/policy/2024/04/02/singapore-enacts-licencing-requirements-for-crypto-custody-services-and-others
#CryptoSingapore #MAS #CryptoLicensing #FinTech
#CryptoRegulation
The game has changed in Singapore's crypto scene! 🚀 The Monetary Authority of Singapore (MAS) now requires licensing for crypto custody services and more, marking a significant shift. If you're in the biz, it's time to hustle - submit your license application within six months starting from April 4, 2024, to keep the crypto wheels turning. Don't miss the boat! ⏳🔒
Positive Spin: 🌈✨ Singapore's new crypto licensing is a game-changer! It's setting the stage for a safer, more reliable crypto future. Get ready for growth and trust to skyrocket in the fintech world! 🚀
Source:https://www.coindesk.com/policy/2024/04/02/singapore-enacts-licencing-requirements-for-crypto-custody-services-and-others
#CryptoSingapore #MAS #CryptoLicensing #FinTech
#CryptoRegulation
💸 Meet HLUSD, the stablecoin at the heart of HeLa Blockchain! Pegged 1-to-1 with the US Dollar, HLUSD offers a stable and predictable medium of exchange. This stability is backed by fiat reserves held by a regulated financial firm in Australia, ensuring transparency and security for all transactions.
🔗🔒 Within the HeLa ecosystem, HLUSD powers every transaction, from smart contract executions to gas fees, providing a seamless and consistent experience. This eliminates the volatility often seen in cryptocurrencies, making it a reliable choice for users and businesses alike.
🌐💼 By simplifying the transaction process and offering regulatory governance, HLUSD bridges the gap between traditional finance and the decentralized world. It's a vital component of HeLa's mission to create a user-friendly blockchain platform that supports real-world applications with ease and confidence.
🚀✨ #Stablecoin #Blockchain #FinTech
🔗🔒 Within the HeLa ecosystem, HLUSD powers every transaction, from smart contract executions to gas fees, providing a seamless and consistent experience. This eliminates the volatility often seen in cryptocurrencies, making it a reliable choice for users and businesses alike.
🌐💼 By simplifying the transaction process and offering regulatory governance, HLUSD bridges the gap between traditional finance and the decentralized world. It's a vital component of HeLa's mission to create a user-friendly blockchain platform that supports real-world applications with ease and confidence.
🚀✨ #Stablecoin #Blockchain #FinTech
