Latam Insights: Brazil Pushes BRICS Away From the US Dollar, Bitcoin Adoption Falters in El Salvador

October 21, 2024 Bitcoin.com

Adoption

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical levels in El Salvador, and smart contracts achieve legal status in Argentina. Brazil Pushes BRICS to Shift From […]

dYdX lays off 35% of staff shortly after major Consensys cuts

DTCC launches digital sandbox to innovate capital market infrastructure

October 16, 2024 Coin Telegraph

Coin Telegraph

The DTCC aims to invite market participants to address pain points and let clients try DTCC products on their own use cases.

The Depository Trust and Clearing Corporation (DTCC) has a sandbox.

The DTCC Digital Launchpad will be an open ecosystem where market participants and technology providers can launch pilots that will have a clear path to production. This comes after a successful proof-of-concept led by the Japan Securities Clearing Corporation (JSCC).

The DTCC has invited a group of participants to the Digital Launchpad to develop initiatives that address critical collateral management pain points and lead to scalable solutions. Their results will be publicized in the first quarter of 2025.

dYdX lays off 35% of staff shortly after major Consensys cuts

Smart Contracts Achieve Legal Breakthrough in Argentina

October 15, 2024 Bitcoin.com

Argentina

Smart contracts, the blockchain-automated programs, are now legal in Argentina after local jurisdiction recognized the enforceability of the first one. They can now be used to execute rental agreements, purchase payments, and other legal contracts, as cryptocurrency is now approved for use as payment in commercial contracts in the country. Smart Contracts Reach Legally Enforceable […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Szabo or NSA? New report revisits Bitcoin creator mystery

October 8, 2024 Coin Telegraph

10x Research

As HBO’s documentary sparks fresh debate, a new report from 10x Research revisits theories about Bitcoin’s enigmatic creator, Satoshi Nakamoto, involving Nick Szabo and the NSA.

The debate over the identity of Bitcoin creator Satoshi Nakamoto is back in the spotlight with the upcoming release of an HBO documentary.

As part of the renewed interest, 10x Research has published a report revisiting two leading theories: one pointing to cryptographer Nick Szabo and the other suggesting involvement by the United States National Security Agency (NSA).

Both theories are part of a larger debate that has attracted renewed interest with the upcoming HBO documentary investigating the origins of the world’s first cryptocurrency.

dYdX lays off 35% of staff shortly after major Consensys cuts

From $37B to $24.5B: DAO Treasuries Experience Significant Downturn

October 4, 2024 Bitcoin.com

From B to .5B: DAO Treasuries Experience Significant Downturn

bitcoin.com

In October 2024, the latest data shows that decentralized autonomous organizations (DAOs) hold $24.5 billion in treasuries, down by $12.6 billion since the end of March. Optimism’s DAO, which boasted $8.3 billion on Mar. 24, has seen its treasury shrink to $3.8 billion, making it the largest DAO treasury despite the decline. Decentralized Autonomous Organizations […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Securitize Selects Wormhole as Official Blockchain Interoperability Provider

September 21, 2024 Bitcoin.com

asset tokenization

Real-world-asset (RWA) tokenization infrastructure provider Securitize has chosen Wormhole as its official interoperability provider to facilitate cross-chain transfers for all tokenized assets on its platform. The partnership aims to enhance liquidity and accessibility for tokenized assets while bridging traditional and decentralized finance systems. Securitize Enhances Tokenized Asset Liquidity Through Wormhole Integration According to the announcement […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin Layer 2 Protocol Stacks Achieves New High in Smart Contract Deployments

September 9, 2024 Bitcoin.com

bitcoin.com

Stacks, the Bitcoin Layer-2 protocol, has achieved a new high in smart contract deployments, with a 30% month-over-month increase. This growth reflects the ongoing efforts of developers to enhance the Bitcoin ecosystem, making Bitcoin a more productive network. The increase in deployments highlights the potential for decentralized finance (defi) on Bitcoin and the innovative projects […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Stacks’ smart contracts reach record high ahead of Nakamoto upgrade

September 8, 2024 Coin Telegraph

All time high

Stacks hit a record of over 1,400 monthly smart contract deployments ahead of the Nakamoto upgrade, which is set to revolutionize Bitcoin DeFi and scalability.

Stacks reached a new all-time high in smart contract deployment just days before the much-anticipated Nakamoto upgrade is fully activated.

Stacks, the Bitcoin network’s smart contract layer, reached a new all-time high of over 1,400 monthly smart contracts deployed.

Stacks announced the record high in a Sept. 7 X post:

dYdX lays off 35% of staff shortly after major Consensys cuts

Audited, Yet Hacked: The Critical Role of Real-Time Monitoring in Web3

August 27, 2024 Bitcoin.com

audits

In the evolving landscape of Web3, security remains a paramount concern for crypto companies. Most of these companies rely heavily on pre-deployment smart contract audits, believing that such audits will safeguard their projects and client funds from hacks. However, recent data reveals a stark truth: 90% of the smart contracts that were hacked had undergone […]

dYdX lays off 35% of staff shortly after major Consensys cuts

BitVM Version 2 Introduces New Era for Bitcoin L2 Scaling Solutions

August 18, 2024 Bitcoin.com

Bitcoin (BTC)

On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White Paper Introduces Advanced Solutions for Bitcoin L2 Scaling The original […]

Smart Contracts

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