Analyses

Daily News Summary 25/7

July 25, 2024 Tóth Balázs
Back

BitcoinOS Achieves First ZK-Proof on Bitcoin Mainnet

The Bitcoin rollup protocol, BitcoinOS (BOS), has successfully executed the first zero-knowledge proof (ZK-proof) on the Bitcoin mainnet. This milestone represents a new era for the Bitcoin ecosystem and decentralized applications, enabling enhanced functionality and scalability on the Bitcoin mainnet without requiring modifications to the blockchain’s base layer.

Another Australian Bank Blocks Crypto Transactions

HSBC’s Australian division has informed its customers that it will block payments to crypto platforms. By doing so, HSBC joins a group of banks citing fraud prevention as the reason for avoiding the crypto industry. A year ago, Australia’s four major banks—Commonwealth Bank, National Australia Bank, Westpac, and Australia and New Zealand Banking Group (ANZ)—also ceased supporting such transactions.

Riot Acquires Block Mining for $92.5 Million

Riot Platforms, a leading U.S. Bitcoin mining company, has announced its acquisition of Block Mining, a Kentucky-based mining firm, for $92.5 million. The purchase price includes $18.5 million in cash and $74 million in Riot common stock. This acquisition immediately boosts Riot’s hashrate, as Block Mining operates two facilities in Kentucky with a combined capacity of 60 megawatts.

TON Launches Smart Wallet with Gas-Free Transactions

The core team of the TON blockchain, in collaboration with Tonkeeper, has launched the W5 smart wallet standard, promising gas-free transactions on The Open Network (TON) blockchain. The upgrade to existing wallet-smart contracts allows users to pay gas fees with Tether for USDT transfers and with NOT for Notcoin transfers, reducing barriers for new users. The W5 smart wallet is now live in Tonkeeper and will soon be integrated into TON Space and MyTonWallet.

Retro Atari Games Come to Base

AtariX, the web3 initiative of the pioneering video game company Atari, has partnered with the Base layer 2 blockchain team to bring the classic arcade game Asteroids to the blockchain. Asteroids, a multi-directional shooter space game released in 1979, will be among the first classic games to be playable through Base. Atari plans to bring more of its iconic games to the blockchain via this partnership.
Related categories
Recommended

You may also be interested in these articles!