Project UpdatesNoticias

Tracks blockchain projects from inception to their latest updates and major milestones. By covering project financing, partnerships, and product upgrades, it helps investors stay informed about the latest industry trends and developments.

POAP Protocol Ceases Operations After Issuing 7.6 Million NFT Badges

The Proof of Attendance Protocol (POAP), known for issuing NFT badges for event participation, has announced a complete shutdown after over five years of operation, as stated by co-founder Isabel Gonzalez. Launched in 2019 at ETHDenver with about 100 badges for hackathon participants, POAP grew into a major platform for preserving digital memories. Event organizers from small crypto communities to large corporations could mint unique digital badges as NFTs using the ERC-721 standard. Initially on Ethereum, the badges later migrated to Gnosis Chain to reduce transaction costs. Over 46,000 issuers created nearly 7.6 million badges, with users including Coinbase, American Express, Warner Music Group, and Bayer. Despite significant support and popularity, the protocol failed to establish a sustainable business model. Active development ceased and new issuer onboarding stopped when POAP entered maintenance mode in March. Gonzalez stated it was difficult to build a viable company without compromising POAP's original principles. All platform services are now shutting down. New badge issuance has halted, and future access to already-minted NFTs through the gallery and apps may be limited. However, the tokens themselves will remain on the blockchain, tied to owners' wallet addresses. The closure serves as another example of how strong community and cultural impact do not guarantee financial sustainability for a Web3 project.

cryptonews.ruHace 1 hora(s)

POAP Protocol Ceases Operations After Issuing 7.6 Million NFT Badges

cryptonews.ruHace 1 hora(s)

Expect news tomorrow: this time the Bank of Japan will announce its interest rate decision! What impact will this have on Bitcoin?

A day before the Bank of Japan's (BOJ) interest rate decision announcement, the Japanese yen surged nearly 3% against the US dollar. The sharp move in the currency market fueled speculation that the Japanese government may have intervened again to support the yen. The USD/JPY pair fell over 400 pips to 158.5, its steepest daily drop since Japan's currency intervention earlier this year. Market participants suspect the rapid, strong yen appreciation could be due to direct foreign currency sales by Japanese authorities, though the Ministry of Finance has made no official statement. The yen had previously fallen to its weakest level against the dollar in nearly 40 years. In late April and May, the government intervened with roughly 9.6 trillion yen to prevent the USD/JPY from rising sustainably above 160, but the yen faced renewed selling pressure afterward. Investors are now focused on the BOJ's rate decision and its signals on future monetary policy. Potential hawkish signals from the BOJ are seen as a factor that could support further yen strength. A sharp yen appreciation could create short-term selling pressure on Bitcoin by increasing the risk of unwinding carry trades, where investors borrow low-yielding yen to invest in Bitcoin and other risky assets. This pressure could intensify if the BOJ takes a hawkish stance or raises interest rates.

cryptonews.ru07/30 17:11

Expect news tomorrow: this time the Bank of Japan will announce its interest rate decision! What impact will this have on Bitcoin?

cryptonews.ru07/30 17:11

Anthropogenic Artificial Intelligence Breaks HAWK-256 in 60 Hours, Sparking Concerns Over Bitcoin

An unpublished Anthropic AI model, Claude Mythos Preview, broke the post-quantum signature scheme HAWK-256 in about 60 hours at a cost of roughly $100,000. The AI uncovered a previously unknown symmetry in HAWK's design, reducing its security effectiveness by 50% and slashing the required work from ~2^64 to ~2^38 operations. The algorithm, a candidate in NIST's post-quantum cryptography evaluation, was subsequently withdrawn by its creators. This event does not pose an immediate threat to Bitcoin, as Bitcoin never used HAWK-256. Bitcoin currently relies on ECDSA and Schnorr signatures on the secp256k1 elliptic curve, which are unrelated. However, the incident significantly changes a key assumption in Bitcoin's post-quantum roadmap: AI is making the testing and potential breaking of complex cryptographic systems faster and more affordable. The development intensifies the debate on when Bitcoin should begin its transition to quantum-resistant cryptography. Proposals like BIP-360 (introducing P2QRH outputs using NIST-approved ML-DSA/SLH-DSA) and BIP-361 (phasing out ECDSA) are already in motion, having bypassed HAWK. The core challenge is whether AI-assisted cryptanalysis could compromise these intended replacement algorithms before the network completes its migration. Analysts warn that AI is accelerating cryptanalysis, compressing security timelines. Combined with quantum computing advances, this underscores the urgency for Bitcoin's transition. Reports estimate roughly 6.7 million BTC (worth nearly $600 billion) could be vulnerable to a sufficiently advanced quantum computer, with a non-trivial probability of such a machine existing by 2035. The primary issue is no longer solely hardware development but whether the network can execute a successful protocol upgrade in time.

cryptonews.ru07/30 08:51

Anthropogenic Artificial Intelligence Breaks HAWK-256 in 60 Hours, Sparking Concerns Over Bitcoin

cryptonews.ru07/30 08:51

Critical Moments in Bitcoin: Cost Zones That Demand Attention Have Been Identified!

Analytics firm Glassnode reported that reduced expectations for U.S. interest rate cuts, along with pricing in possible rate hikes, have suppressed risk appetite in the cryptocurrency market. The Fed's interest rate decisions are crucial for market direction. U.S. Treasury yields have surpassed returns from crypto carry trades, leading investors to favor cash and low-risk interest-bearing instruments over crypto assets. A strong U.S. dollar further weakens marginal demand for crypto. Bitcoin is currently trading below its most intensive cost basis level, with approximately $69,000 identified as the breakeven zone and significant resistance for short-term investors. For a stronger recovery, Bitcoin needs to reclaim the $69,000 threshold with increased trading volume. Renewed active demand for spot Bitcoin ETFs is also deemed critical. According to Glassnode, the current Bitcoin decline represents the shallowest bear market in terms of price drawdown depth to date. However, based on previous cycle durations, this downturn may not be over yet. Spot trading volumes have fallen to multi-year lows, and sell-side order books have thinned, though many buy orders are placed significantly below current prices. Glassnode's risk indicator, Vector, signaled "risk off," suggesting a capital preservation mindset. The current market structure is being driven more by macroeconomic factors like monetary policy, bond yields, and dollar strength than by crypto-sector developments. Losing Bitcoin's support range of $62,000-$68,000, coupled with renewed exchange inflows, could negate the recovery scenario. Conversely, more favorable monetary policy, increased trading volume, a Bitcoin recovery above $69,000, and a resumption of spot ETF buying could signal a market turnaround.

cryptonews.ru07/29 18:56

Critical Moments in Bitcoin: Cost Zones That Demand Attention Have Been Identified!

cryptonews.ru07/29 18:56

活动图片