The Proof-of-Stake (PoS) cryptographic algorithm does not provide the necessary level of decentralization, as it cannot solve the “Byzantine generals problem”*. Jimmy Song, a long-time supporter of bitcoin, wrote about this on his Twitter. The problem of Byzantine generals is a logical dilemma of the need to synchronize independent systems…

The head of business development of Binance, Ted Lin, left the exchange after five years as a top manager. Lin himself announced this on his Twitter. What exactly caused the departure is unknown. However, Lin stated that the decision to leave Binance “was not an easy one.” Lin is…

On Saturday June 2, the average transaction fee on the Ethereum network was $1.67. The last time the indicator was at such values was in December 2020, according to BitInfoCharts. —

On July 3, the specialists behind the development of Cardano, Input Output Global (IOG), hard forked Vasil on the testnet. App developers, staking pool operators (SPOs), exchanges, and other ecosystem participants have four weeks to “finally test and integrate” the update before launching on the mainnet. “Vasil is a…

Quixotic, the largest NFT marketplace in the Optimism ecosystem of the second layer solution, was the victim of a hacker attack after an update. — The attacker attacked the Offer function — offers of collectible tokens. He deployed a malicious contract and stole ~$100,000 worth of cryptocurrencies in various ERC-20 tokens. The Quixotic team fixed the vulnerability, but suspended all operations on the platform.

The U.S. Commodity Futures Trading Commission (CFTC) has accused the South African company Mirror Trading International Proprietary Limited (MTI) and its head Cornelius Johannes Steinberg of cryptocurrency fraud and registration violations. The agency emphasized that the pyramid scheme organized by MTI is currently the largest fraud using bitcoin, which…

Binance has announced a partnership with video blogger Khaby Lame. An Italian of Senegalese origin with 144 million followers on TikTok has become an ambassador for the bitcoin exchange. Leim leads the ranking of TikTok accounts in terms of the number of subscribers. He gained popularity thanks to videos in…