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Ethereum developers have successfully deployed the Dencun update to the Sepolia testnet. The hard fork includes several tools that are designed to reduce fees on the Ethereum blockchain, while additionally providing new opportunities for bridges and stabilization funds. This was not the first attempt to deploy the update to the test network, however, as developers did not provide launch details, but noted that Sepolia has been update d to Dencun. Sepolia has finalized! Sorry for an uneventful upgrade https://t.co/86HXWRGO7a — terence.eth (@terencechain) January 30, 2024 Dencun is also implementing proposal EIP-4844, known as “proto-danksharding.” It is designed to scale the network by creating a new transaction type to store more data. The developers expect that the update will reduce transaction fees in second-level (L2) networks based on roll-up technology. You might also like: Speed vs decentralization: could L2 solutions undermine cryptocurrency core ethos? ...

With the cryptocurrency community still at the edge of its seat, waiting for the official end of the prolonged legal battle between Ripple and the United States Securities and Exchange Commission (SEC), popular commentators on the case have shared more insights. As it happens, one of them is legal expert Bill Morgan, who recently highlighted the fact that XRP was now the only digital asset with legal clarity in the US – not Bitcoin (BTC) or Ethereum (ETH), as he explained in an X post published on September 24. Specifically, he said: “It is well understood by the XRP community that a speech that the SEC itself disowned as reflecting its official position cannot give Bitcoin and Ethereum the legal clarity of a court decision XRP now enjoys. Good that others are starting to realize that fact.” ‘Speeches are not law’ Cryptocurrency Former SEC attorney slams lack of crypto prosecution for 'mind-boggling' enforcement Cryptocurrency Bi...

The latest update of this Web3 security tool addresses new social engineering schemes and hacking attacks. Web3 and other blockchain-powered markets are still in their infancy, with most of the underlying technologies, economic models and coding architectures still being improved, tested and updated. While this is normal for an emerging market and technology, there are always loopholes that bad actors can exploit and target to attack their victims. In particular, with social engineering tactics, scammers manipulate users’ emotions and create a sense of trust and urgency. At the beginning of 2023, bug bounty platform Immunefi estimated that the Web3 ecosystem lost around $3.9 billion to scams and hacking attacks in 2022, with decentralized finance (DeFi) being the most targeted sector, suffering 80% of the calculated losses. Losses by quarter in 2022. Source: Immunefi Report ​​In the ever-evolving landscape of blockchain technology, two pivotal issues stand out that demand users’ atten...