Polygon Zero has accused Matter Labs of copying significant code from its Plonky2 library to zkSync, a rival Ethereum layer-2 scaling solution. Polygon’s zero-knowledge scaling arm, Polygon Zero, is accusing developers of Matter Labs of copy-pasting “a substantial amount of source code” from its Plonky2 library, according to an announcement on Aug. 3. The alleged plagiarized...Continue Reading

The company beat estimates while non-trading revenue beat trading revenue. New York-based crypto exchange Coinbase reported revenue in the amount of $708 million in the second quarter of 2023, despite the regulatory issues it’s faced in recent months, boosted by a custody deal with Blackrock and institutional focus. The exchange said Q2 net revenue reached...Continue Reading

Lexon now features a compiler that allows users to translate code from it to Solidity, Sophia, or Javascript. Smart contract computer language Lexon (LEX) launched a compiler on Aug. 3, allowing developers to write contracts in Lexon and have them be converted into Solidity, Sophia, or Javascript, according to statements made to Cointelegraph by Lexon...Continue Reading

Transactions on Optimism recently eclipsed the Arbitrum network, but do the project’s fundamentals support a sustainable growth trajectory? Optimism is a layer-2 scaling solution that operates as a separate blockchain built on top of Ethereum. Despite having a smaller total value locked (TVL) than its rivals, Optimism may still have the potential to thrive in the increasingly...Continue Reading

The AI metaverse company raised $54 million in a Series A round in July. Shara Senderoff and Aaron McDonald, co-founders of AI and metaverse company Futurverse, have launched a new $50 million venture fund and studio. According to the Aug. 3 announcement, the fund is dubbed “Born Ready” and will invest in emerging technology ventures...Continue Reading

Fitch downgraded the US credit rating due to its government debt and potential challenges in handling its fiscal responsibilities. Will Bitcoin price benefit from this decision? On Aug. 1 a significant event occurred within the financial world: Fitch, a reputable credit rating agency, demoted the credit rating of the U.S. government from the pristine AAA...Continue Reading

Blockware Solutions account executive David Gamble told Market Talks host Ray Salmond that the crypto market will hit a $10 trillion market cap in the next few years. On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for...Continue Reading

Unverified users can still withdraw staked SAND but will be unable to make further deposits. Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement.  The announcement stated that only verified users could deposit The Sandbox (SAND) tokens, which are native to the platform,...Continue Reading

Sam Altman believes his product ChatGPT will disrupt the world. As a “solution” to the consequences, he’s asking you to scan your eyeballs with his new Orb. OpenAI founder Sam Altman launched Worldcoin in July, a cryptocurrency token offered to people willing to share their biometric data by scanning their eyeballs with an Orb, seeking...Continue Reading

Coinbase’s Base network began onboarding end users through a bridge UI, and the team announced Aug. 9 as the platform’s official launch date. Coinbase’s Base network has released a user interface (UI) for its official bridge, allowing end users to onboard for the first time without relying on developer tools, according to an Aug. 3...Continue Reading