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Ethereum Patch Set to Fix Transaction Finality Challenges After Second Bout Disrupts Network

Ethereum Patch Set to Fix Transaction Finality Challenges After Second Bout Disrupts NetworkOn Friday, Ethereum’s Beacon chain encountered yet another bout of transaction finality challenges, reminiscent of the glitch experienced on May 11, 2023. For over an hour, the blockchain stopped the process of finalizing blocks. However, Superphiz, an Ethereum developer, emphasized that despite this setback, “No transactions were halted” and the incident had “zero impact on […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the Cause

Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the CauseEthereum had issues processing transactions on May 11, 2023, at around 4:13 p.m. Eastern Time on Thursday, and transaction finality issues lasted for roughly 25 minutes. Currently, developers do not know what caused the issue and the blockchain is now running normally. Ethereum Network Experiences Temporary Transaction Processing Issue The Ethereum blockchain was unable to […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

Digital Assets for 1 Billion Rubles Issued in Russia in a MonthPlatforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

Terraform Labs CEO Do Kwon Faces Extradition to South KoreaAccording to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Twitter down the same day Jack Dorsey launches decentralized alternative

Thousands of Twitter users were unable to view tweets while Jack Dorsey’s decentralized social network Bluesky grabbed attention online.

Twitter suffered another outage on March 1 as thousands of users flagged issues with Elon Musk’s social media platform. The outage took place as Twitter founder Jack Dorsey’s new project, Bluesky, went into beta testing.

Data from Downdetector showed thousands of issue reports from Twitter users from 9 am UTC, with issues slowly being resolved over a five hour period. 59% of the reported problems were from mobile app users while a further 35% of issues were flagged by website users.

Twitter is yet to issue any updates on the cause of the outage, but various reports indicate that users in different parts of the world experienced issues. Issues included the Following and For You feeds not displaying any tweets or content.

Twitter mobile app works, but users can’t see new tweets in their timeline.

The New York Times reported that a further 200 employees had been retrenched from the company over the weekend. Since Musk took over the social media platform, Twitter’s staff numbers have been reduced from over 7500 to under 2000. According to the report, product managers, data scientists and engineers were among those that were let go by the company.

While Twitter grappled with its latest outage, Dorsey’s decentralized social media platform Bluesky went into private beta testing. As Cointelegraph reported, the mobile application became available to select users through an invite-only beta testing.

Related: What are decentralized social networks?

According to initial reports, the application has been available on the Apple app store since Feb. 17 and had over 2000 downloads by the end of the month. The app is not yet available on Android.

A report in January suggested that Twitter was developing payment features for the application, with the possibility of onboarding cryptocurrency functionality in the future. The social media app also rolled out a cryptocurrency price search feature in January which featured over 30 different tokens. 

Bluesky emerged as a side product of Twitter in 2019, aiming to create an open and decentralized standard for social media. Meanwhile, another decentralized social media platform, Damus, went live in February 2023 as well. The platform is a messaging service built on Nostr, a decentralized network powering encrypted end-to-end private messaging and other services. 

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas

Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the BahamasPWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and it also noted that there is “little distinction between what represents potentially client monies […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Ethereum Developers Commence Finalizing Shanghai Upgrade ‘Shadow Fork’ for Testing and Bug Identification

Ethereum Developers Commence Finalizing Shanghai Upgrade ‘Shadow Fork’ for Testing and Bug IdentificationEthereum developers have begun finalizing the Shanghai upgrade “shadow fork,” according to software engineer Marius van der Wijden. The “shadow fork” will serve as a testing environment for the Shanghai upgrade, allowing developers to identify bugs and any potential issues. Ethereum’s Shanghai Upgrade ‘Shadow Fork’ Launches As the cryptocurrency community awaits the upcoming Shanghai hard […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation

Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO ResignationGemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert of making poor decisions with the now-defunct crypto hedge fund Three Arrows Capital (3AC), and claims that DCG orchestrated a “campaign of lies” in […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Ethereum Developers Prepare to Deploy Shanghai Public Testnet, Focus on Staked Ether Withdrawals

Ethereum Developers Prepare to Deploy Shanghai Public Testnet, Focus on Staked Ether WithdrawalsAccording to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum’s core developers emphasized that staked withdrawals are a priority and code related to EVM Object Format […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Crypto Exchange Bitfront Shuts Down Amid Industry Challenges

Crypto Exchange Bitfront Shuts Down Amid Industry ChallengesCryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported Digital Asset Exchange Bitfront Suspends New Sign-ups Bitfront, a crypto exchange operating in the […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains