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Art Blocks hit with ‘block reorg’ during latest frenzied auction

Art Blocks hit with ‘block reorg’ during latest frenzied auction

Art Blocks buyers are complaining that they failed to receive pieces they appeared to have purchased in the platform’s latest headline drop.

The post Art Blocks hit with ‘block reorg’ during latest frenzied auction appeared first on The Block.

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CoinGecko, CoinMarketCap now blocked by China’s internet firewall

Two most popular crypto market data sites have now become inaccessible for users based in mainland China.

The post CoinGecko, CoinMarketCap now blocked by China’s internet firewall appeared first on The Block.

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Immutable X raises $12.5 million in under an hour through CoinList token sale

Immutable received over 720,000 unique token registrations but only gained 25,000 new token holders. Still, the startup raised $12.5 million in under an hour.

The post Immutable X raises $12.5 million in under an hour through CoinList token sale appeared first on The Block.

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Alibaba says it will block sales of cryptocurrency mining equipment starting next month

Chinese e-commerce giant Alibaba said Monday that, beginning on October 8, it will halt the sales of cryptocurrency mining equipment on its platform.

The post Alibaba says it will block sales of cryptocurrency mining equipment starting next month appeared first on The Block.

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SEC levies charges against alleged ‘meme stock’ wash traders

The SEC has charged two men with allegedly wash trading meme stocks to take advantage of rebate programs at the start of this year.

The post SEC levies charges against alleged ‘meme stock’ wash traders appeared first on The Block.

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Permissioned DeFi platform Aave Arc gears up for launch

Fireblocks has made a proposal to Aave’s governance body, signalling that Aave Arc is getting ready to go live.

The post Permissioned DeFi platform Aave Arc gears up for launch appeared first on The Block.

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Okcoin is launching SATs mode as part of wider retail push

  Okcoin, which was founded in 2013, is doing something different in a crowded field of crypto exchanges: it’s going to allow clients to denominate trades in bitcoin in units of satoshi, rather than BTC.  On this episode of The Scoop, Okcoin CEO Hong Fang joined host Frank Chaparro for a discussion on Okcoin’s rapid […]

The post Okcoin is launching SATs mode as part of wider retail push appeared first on The Block.

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Coinbase is rolling out a direct paycheck deposit feature for US users

Coinbase is launching a new feature for its U.S. customers that will allow them to directly deposit their paycheck into a Coinbase account.

The post Coinbase is rolling out a direct paycheck deposit feature for US users appeared first on The Block.

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Ethereum researcher Virgil Griffith pleads guilty to sanctions violations

Ethereum researcher Virgil Griffith has pleaded guilty at the start of his trial in the Southern District of New York.

The post Ethereum researcher Virgil Griffith pleads guilty to sanctions violations appeared first on The Block.

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Deep Dive into Validity Proofs and Layer 2

Quick Take

  • Zero knowledge proofs are prevalent in Ethereum layer 2 scaling solutions.
  • These proofs eliminate the need for a dispute period after a batch of transfers is posted to the mainnet since all transactions must be valid, minimizing the withdrawal time.
  • The storage of data on-chain or off-chain is what sets the validity proof scaling methods apart from each other.

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