Bitcoin BIP 110 Fork Deadline Approaches With No Miner Support

·1 views

Bitcoin Improvement Proposal 110 (BIP 110) is approaching its activation deadline with zero support from miners. The proposal aims to place a one-year cap on arbitrary data stored on the Bitcoin blockchain, targeting what some consider spam activity. However, prominent figures including Michael Saylor and cryptographer Adam Back have voiced opposition to the measure. Critics argue that framing a spam-related dispute as a consensus-level protocol change could introduce greater risks to the network than the spam problem itself.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Hedera lending protocol Bonzo loses $9M in Supra oracle exploit

Bonzo Finance, a lending protocol on the Hedera blockchain, suffered a loss of approximately $9.05 million due to a security exploit. An attacker took advantage of a verification flaw in a third-party Supra oracle smart contract integrated with the platform. The incident caused Bonzo's total value locked to plummet by around 77%. Oracle exploits of this nature manipulate price data feeds, allowing attackers to drain funds from lending protocols that rely on them for asset valuations.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Crypto IPOs Delayed by Funding Constraints and Investor Caution, Not Regulation

The crypto IPO market is experiencing a slowdown, with companies holding back from going public amid difficult conditions. According to Christian Lopez of Cohen & Company Capital Markets, regulatory hurdles are not the primary obstacle behind these delays. Instead, limited funding availability and a cautious investor sentiment are the key factors stalling crypto listings. Capital is also shifting away from crypto toward the artificial intelligence sector, adding further pressure. Broader macroeconomic uncertainty is compounding the challenges facing crypto firms eyeing public markets.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

UK Signals Stronger Commitment to Crypto Regulation

The United Kingdom appears to be taking a more decisive stance on cryptocurrency regulation, according to Wirex CEO Chet Shah. Shah argues that several recent regulatory developments suggest the UK is moving past its previously cautious approach to the sector. The observations come from an industry perspective, with a crypto firm executive pointing to concrete policy steps as evidence of progress. The shift is seen as significant for businesses and investors operating in the UK's digital asset space.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Empery Digital Sells Half Its Bitcoin Holdings to Pivot to AI Data Centers

Empery Digital, a bitcoin treasury company, has divested approximately half of its BTC holdings. The move signals a strategic shift away from its original bitcoin treasury model. The company is now redirecting its focus toward AI data center operations. This pivot reflects broader market pressures facing crypto treasury firms in the current environment.

0 comments Read more at CoinDesk