Autore: wsjcrypto

Following a fruitful initiation, Frontier surpassed its 100000th block earlier this week. Here are some intriguing figures from these initial blocks. The initial 50 block timings (in seconds): Immediately after genesis, the second block emerged in 29 seconds, followed by the next blocks at 31 and 29 seconds. This isn’t surprising as miners hurried with their configurations upon the announcement of the final genesis block. Post these early blocks, we observe a notable reduction in the block time coinciding with the influx of substantial miners, reaching a floor of 1 second, the threshold mandated by the consensus protocol. Let’s now…

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A US bankruptcy court has permitted liquidators of the defunct crypto hedge fund Three Arrows Capital (3AC) to elevate their claim against the collapsed crypto exchange FTX from $120 million to $1.53 billion.Chief Judge John Dorsey dismissed the argument from FTX’s debtors that the revised proof of claim (POC) from 3AC liquidators was belated and an unfair effort to hinder the bankruptcy proceedings.In a ruling on March 13 in the US Bankruptcy Court for the District of Delaware, Dorsey asserted that 3AC liquidators had given adequate notice regarding their claim and the potential for amendment after reviewing all accessible information.…

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A federal judge from Texas has issued a default ruling against Bancor DAO, which managed the decentralized finance platform Bancor, after it neglected to answer an online summons. Judge Robert Pitman handed down the ruling after Bancor DAO failed to show up to contest the case following a summons that appeared on the DAO’s forum in January 2024.“Defendant Bancor DAO has not responded or taken other actions to defend itself within the permitted timeframe, and that plaintiffs have substantiated that inaction,” wrote district court clerk Philip Delvin on March 13.The class action pertains to investors who allege they incurred losses amounting…

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This notification pertains to a consensus dilemma that transpired on the Frontier network at block 116,522, mined on 2015-08-20 at 14:59:16+02:00 – The problem has been resolved, please refer to “Fix” below. Impact: Severe Description of the issue: Consensus problem in the state database in geth related to the deletion of account data, which may occur during SUICIDE operations. Impacted implementations: All geth builds up to and including versions 1.0.1, 1.1.0 and develop (“unstable 1.1.0”) were impacted. Eth (C++) and pyethereum (Python) remain unaffected. Impact on expected chain reorganisation depth: Extended confirmation delay for eventual block approvals to 12 hours Suggested temporary…

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BTC Inc., a prominent supplier of Bitcoin-related news and occurrences, has proclaimed the return of its Continuing Legal Education (CLE) initiative at The Bitcoin 2025 Conference in Las Vegas, Nevada. Slated for May 27th at the Venetian Expo Hall, this elite program presents legal and financial practitioners with the chance to remain updated on the constantly changing regulatory environment surrounding Bitcoin. After a notably successful introduction at Bitcoin 2024, where lawyers, startup founders, corporate legal teams, and decision-makers commended the program for addressing essential legal matters, the 2025 CLE session will persist in providing invaluable perspectives on the legal and…

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By Ashley Erika O. Jose, Reporter TELECOMMUNICATIONS firms are challenging the National Telecommunications Commission’s (NTC) suggestion to mandate personal appearances for the enrollment of subscriber identity module (SIM) cards. “Mandating a physical presence for SIM registration contradicts the principle of universal accessibility. Individuals from rural areas are unable and unwilling to do in-person registration due to the distance and travel difficulties,” Globe Telecom, Inc. General Counsel Froilan M. Castelo stated in an email to BusinessWorld on Thursday. Smart Communications, Inc. Head of Regulatory Affairs Roy D. Ibay mentioned that the compulsory presence of mobile phone users during the registration process…

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ETH DEV extends gratitude to all for their engagement in the Olympic test network, which was instrumental in stress testing, enhancing performance, and identifying flaws within the Ethereum clients, as well as in understanding the limitations of the current Ethereum framework. To this aim, we are excited to reveal the recipients of the Olympic rewards. In addition to the rewards listed below, every miner who successfully mined a block in the Olympic chain with block numbers ranging from [310000, 589999] is eligible to receive 0.5 ETH for each block, while miners who mined a block in the Olympic chain with…

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Respected Editorial material, examined by prominent industry professionals and experienced editors. Advertisement Notification Crypto specialist Rekt Capital recently elaborated on the altcoin season and offered an evaluation that illustrated why the $425 billion market capitalization threshold is significant. Simultaneously, Mags, another cryptocurrency authority, shared some observations regarding the timing of the upcoming altseason.  Importance of the $425 Billion Threshold for AltSeason In an X post, Rekt Capital emphasized the $425 billion threshold and provided explanations for why this level could be crucial in assessing the potential for another altcoin season. The analyst pointed out that the alt market cap has…

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Bankers and their supporters in the US Senate are resisting the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act due to concerns that stablecoins may marginalize banks and diminish their share in the banking sector.As reported in an article by American Banker, the legislation needs 60 votes to be approved in the Senate, indicating that at least seven Democrats will need to align with Republicans to advance the Act.This could present a formidable challenge, as US Senator Elizabeth Warren, one of crypto’s fiercest political opponents, is advocating for an amendment that would prevent technology companies from issuing stablecoins.…

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