In a recent interactive session on Reddit, Ethereum’s co-founder Vitalik Buterin has put forward a proposal to boost the blockchain’s gas limit by 33%, a move that could significantly increase the network’s capacity for processing transactions. During the Ethereum Foundation research team’s AMA on January 10, Buterin highlighted that the gas limit—a cap on the amount of […]

The post Vitalik Buterin Proposes Gas Limit Hike to Enhance Network appeared first on Trends 4 Business.

Nebraska has put forward a pioneering piece of legislation aimed at fostering a supportive environment for cryptocurrency activities. State Senator Eliot Bostar introduced the Blockchain Basics Act on January 5, which, if enacted, will bolster the rights of individuals to mine and trade cryptocurrencies within the state. The proposed act is designed to simplify the crypto landscape for residents, […]

The post Nebraska Proposes Legislation for Cryptocurrency appeared first on Trends 4 Business.

The Bank of Spain has announced a partnership with Cecabank, Abanca, and Adhara Blockchain to pilot a central bank digital currency (CBDC). This initiative propels Spain to the forefront of digital currency exploration, independent of the broader digital euro project. The upcoming six-month trial will simulate interbank payments using a tokenized wholesale CBDC, a groundbreaking step in testing the viability of digital currencies […]

The post Spain Advances in Financial Innovation with CBDC Pilot Program appeared first on Trends 4 Business.

In a strategic move to broaden its blockchain horizons, Etherscan, the renowned Ethereum blockchain explorer, has officially announced its takeover of Solscan, a prominent Solana network explorer. This acquisition, which Etherscan describes as a “collaborative merging,” marks a significant step in its quest to diversify its blockchain data offerings. Solscan, established in 2021, has quickly become a […]

The post Etherscan Acquires Solscan in Blockchain Expansion appeared first on Trends 4 Business.

In the burgeoning digital economy, Kyrgyzstan is emerging as a contender in the crypto mining sector, with tax revenues showing a promising increase. The nation’s Finance Ministry reports a collection of 78.6 million soms (approximately $883,000) from the industry within the first 11 months of 2023. Despite the fluctuations in monthly tax income, with a peak in August […]

The post Kyrgyzstan Sees Rising Tax Gains from Crypto Mining appeared first on Trends 4 Business.

In a startling turn of events, the Orbit Chain Bridge, a key player in the realm of blockchain interoperability, has been compromised in a security breach that resulted in the theft of approximately $82 million. The incident, which unfolded mere hours before the world welcomed the new year, has sent shockwaves through the cryptocurrency community. The […]

The post Orbit Chain Suffers Major Security Breach with $82 Million Lost appeared first on Trends 4 Business.

Ethereum’s mastermind Vitalik Buterin has set the stage for the platform’s journey through 2024. With a focus on refinement rather than overhaul, Buterin’s roadmap underscores the platform’s steadfast commitment to improving its Proof-of-Stake (PoS) architecture. The Merge, a pivotal 2022 event, seamlessly transitioned Ethereum from the energy-heavy Proof-of-Work to a greener PoS system, significantly slashing the […]

The post Vitalik Buterin Unveils Ethereum’s Roadmap appeared first on Trends 4 Business.

Security specialists caution that 2024 may bring a new wave of AI-driven scams that could outpace current defenses. Last year’s $1.7 billion loss to fraud was a significant drop from 2022’s $4 billion, yet the threat level is far from diminishing. Blockchain analyst Jesse Leclere from CertiK urges the community to stay alert. He highlights that phishing […]

The post Experts Warn of Enhanced AI Scams in Crypto Sphere for 2024 appeared first on Trends 4 Business.

The Bitcoin network’s computational might has recorded a historic peak, surpassing 540 exahashes per second (EH/s) this Christmas. Despite this milestone, miners face a paradox as profitability takes a dip. On December 25th, data from Blockchain.com highlighted this unprecedented surge, with Bitinfocharts corroborating an average weekend spike. This year alone, the network’s hash rate has impressively doubled, […]

The post Bitcoin’s Network Strengthens as Hash Rate Soars appeared first on Trends 4 Business.

A coalition of leading Nigerian banks has announced the launch of the cNGN stablecoin, a digital currency pegged to the Nigerian naira. This strategic initiative aims to enhance the country’s financial system by integrating the benefits of blockchain technology. The cNGN is not just a digital currency but a bridge to the future of finance […]

The post Nigerian Naira Goes Digital with New cNGN Stablecoin Initiative appeared first on Trends 4 Business.