The U.S. Fifth Circuit Court of Appeals has ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) overstepped its authority in sanctioning immutable smart contracts of Tornado Cash. The court found these contracts, as self-executing open-source software, cannot be classified as property under the International Emergency Economic Powers
Fully Homomorphic Encryption (FHE) Layer 2 Fhenix has announced a significant upgrade to its testnet . Fhenix is getting closer to its mainnet debut with the release of Nitrogen, the most recent version, which adds significant new decryption capabilities. By using the Threshold Network, which is the mechanism that Nitrogen employs to
Friend.tech, the Web3 social media platform that once surged to prominence, experienced a dramatic downfall after its developers lost control of its smart contracts. On September 8, the team transferred ownership of its smart contracts to Ethereum’s null address. The action was done to prevent future changes to the platform’s
Ripple, a leading blockchain-based digital payment network and protocol, has announced significant advancements in Korea and Japan. The company has forged valuable partnerships with a plan to enhance the adoption and functionality of blockchain technology across institutions in these regions. In a long X (Twitter) thread today, Ripple revealed that
Prominent gaming blockchain Oasys has officially announced the beta launch of Oasys Spring, a cutting-edge smart contract deployment tool intended to revolutionize the development of decentralized applications (dApps) within its ecosystem. The GUI-based tool is a big step in using AI scanning to create a more developer-friendly and accessible environment. Oasys has
Ava Protocol, a Web3 infrastructure project, has announced its mainnet launch on Ethereum as an EigenLayer AVS for smart contract automation. With extensive compatibility across the EVM ecosystem, this milestone enables developers to effortlessly include Ava Protocol’s boosted transaction automation, privacy, composability, and cost-efficiency into their dapps and projects. The event-driven
The dynamic landscape of decentralized finance (DeFi) is witnessing a revolutionary advancement with the introduction of OPUR AI. This cutting-edge platform is set to redefine smart contract auditing and analysis, offering a comprehensive suite of tools to cater to the evolving needs of developers and investors in the DeFi space.
Vitalik Buterin, co-founder of Ethereum, has put up a new suggestion to make the protocol’s smart contract push more sustainable in the long run. Notably, the new proposal has garnered intriguing remarks. The founder of Uniswap, Hayden Adams, raised attention to the Ethereum proposal known as EIP-7702. Adams offers some
Yoav Weiss, an Ethereum (ETH) developer, has detailed the Ethereum team’s goal of improving smart contract interactions with dApps via the creation of a standard called ERC-4337. This standard makes it possible for Ethereum smart contract crypto wallets to function, whereby smart contracts, rather than externally owned accounts (EOAs), manage
Clique, a pioneering infrastructure company powering secure and robust data computing for blockchains, announced today its successful Series A funding round of $8 million led by Polychain Capital to build a heterogenous compute coordination network that revolutionizes the way both on-chain and off-chain applications access compute and data. The round
