An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network's code and has been ridiculed by the firm's CTO.
Blockchains are the critical infrastructure underlying cryptocurrencies. The common feature of these distributed ledgers is the sequential updating of a cryptographically secure, verifiable transaction record among a network of peers all operating under a certain set of rules enforced through the software itself. This record is owned and operated in common by anyone anywhere.
While research in shared ledger technology goes back decades, the arrival of the Bitcoin blockchain introduced the first distributed ledger technology that was thoroughly decentralized and resistant to censorship, seizure and collusion.
Blockchain technology, in its various manifestations including the Ethereum blockchain and others, is ultimately a global consensus system — i.e., it allows people to coordinate and cooperate around a neutral source of information without trusting each other or a central administrator. The use cases are wide-ranging, from finance and energy trading to supply chain management.
At Cointelegraph, we are chronicling the evolving blockchain industry. Is it revolutionary or overhyped? Or both? Will it become the solution to securing trust in finance and global trade? What will be the rate of blockchain transactions in the coming years?
Stay tuned to find out.
The Kentucky government is investigating whether the proposed discounted electricity for crypto miners will raise electricity costs for Kentucky residents.974
Maple’s decision comes after Orthogonal Trading admitted on Dec. 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda.2521
The Ethereum co-founder was bullish on the rise of decentralized blockchain identities to safeguard user privacy.5854
The deal previously valued Circle at $4.5 billion in July 2021 before an upward revision to $9 billion in February 2022.5637
From giving encouragement to trying to recruit the laid-off staff, crypto community members posted various responses to recent crypto layoffs.4644
The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years.5216
The two-year-long battle between SEC and Ripple is approaching the end, with Ripple filing its final submission in its case against the U.S. regulator on Dec. 2.11687
The self-custody platform was acquired by Celsius in 2021 for $115 million and is now set to change hands, pending approvals.4205
Avalanche’s partnership with Alibaba Cloud will see the development of tools that enable users to launch validator nodes on Avalanche's public blockchain platform in Asia.22463
This week NFT Steez spoke to award-winning artist Victor Solomon about basketball, the metaverse, Web3 and his unique NFT collection.8527
Top-100 DeFi tokens saw a bullish wave with the start of the new month, but many DEX platforms are still haunted by FTX contagion.6094
The strategic adoption of blockchain technology still makes sense, regardless of the distraction FTX created for cryptocurrency.10131
The company stated it would be discontinuing aBNBc and aBNBb tokens “effective immediately,” and that “new ankrBNB tokens will be minted and airdropped to affected aBNBc and aBNBb users.”3198
The former FTX CEO is receiving major backlash for his New York Time DealBook Summit and Good Morning America interviews.4126