Heres the 6 biggest crypto VC deals in Q1 2024 and late 2023

The volume of crypto VC funding in Q1 2024 surged for the first time since the start of the crypto winter in 2022.

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Together Chat Launches Free Access to Advanced AI Models in North America

Together Chat unveils a new app offering free access to DeepSeek R1 and other AI models, enhancing interaction with open-source tools for coding, image generation, and creative tasks. (Read More)

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Developers find bugs in 2 Ethereum clients’ mainnet merge updates

Two Ethereum clients, Nethermind and Go Ethereum, have discovered bugs in their mainnet merge updates.

The post Developers find bugs in 2 Ethereum clients’ mainnet merge updates appeared first on CryptoSlate.

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Ethereum Clients Release Updates In Preparation For The Merge

Ethereum 2.0 clients Teku and Geth released the required update v22.8.1 for all Mainnet users laying the groundwork for the Merge. The update includes the Bellatrix upgrade and Merge transition configuration. All Ethereum Mainnet users are required to upgrade before September 6, the date of Bellatrix activation on Mainnet. Sharing via a tweet on August 22 Teku […]

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DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target

“Don't have a lot of words right now. Blown away by how the community has rallied around PoolTogether Inc and myself,” said PoolTogether co-founder Leighton Cusack.

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PoolTogether’s Legal Defense Fund Raises 471 ETH Using NFTs

PoolTogether, a DeFi platform, has collected 470.90 Ether (ETH) from NFT sales to help fund its legal defense against a bogus class action lawsuit. PoolTogether is now more than halfway to its target of raising at least 769 ETH (approximately $1.5 million) to fight a lawsuit it claims has “no merit.” Before the NFT financing […]

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PoolTogether raises 471 ETH with NFTs to fund legal defense

The platform has already raised more than half of its target and still has another 21 days to go before the NFT funding campaign ends.

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DeFi App Sells $830,000 in NFTs to Fight $10 Lawsuit Guy

The DeFi savings app PoolTogether has raised over $830,000 in five days through an NFT sale to crowdfund its legal defense against a man who deposited $10 into the protocol...

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Ethereum merge testnet Kintsugi split by bug, here’s why

The merge event on the Ethereum network is the transition to the Proof-of-Stake consensus model from the currently employed Proof-of-Work model.

The post Ethereum merge testnet Kintsugi split by bug, here’s why appeared first on CryptoSlate.

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Optimism Will Roll Out Single-Click Launch For Ethereum Projects

Many layer 2 solutions are competing on being the most active in developments. Amid these scaling solutions in Optimism, and given its latest announcement, it will soon enable developers to launch DApps with just a single click of a button. Optimism provides support for all the apps on the Ethereum ecosystem. It ensures that transaction fees are lower by keeping its data on the blockchain but running computation off-chain. The team’s latest blog reveals that an upcoming upgrade will facilitate the launch of DApps on its layer. This means that every tool running on Ethereum will also run on Optimism. Latest Upgrade To Provide Support For Ethereum Protocols The disclosure by the Optimism team assures the developer’s community that the upgrade will help them to simplify the process of launching their decentralized apps. Also, this simplicity stems across features such as gas and traces. Developers targeting Geth now have the opportunity to launch without changing their codes. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Optimism disclosed that it had overhauled the codes. As a result, it can now go beyond being compatible Ethereum Virtual Machine only to become an EVM equivalence by making its protocol efficient and lightweight. One of the steps the team took to reduce the protocol’s load was to delete its custom compiler. It also deleted over 25,000 lines of codes as it upgraded. According to the post, the team asserts that developing the “EVM-compliant rollup” is not very easy given that it aims to support the whole Ethereum stack. Moreover, to also implement the security features which EVM requires will also cost a lot of money. However, it is mandatory because every line of codes added to the system comes with possible vulnerabilities. Optimism Pursuing Compatibility As for now, the layer 2 scaling solution is now fully equivalent with EVM using Geth. Though it is working to become compatible with alternative node implementations such as Erigon and OpenEthereum using below one thousand lines of codes. The team disclosed that they hadn’t changed the security model of the protocol even with this release. The reason behind the growth of Optimism is the move from Ethereum mainnet to other chains & layer 2 solutions compatible with EVM Ethereum has fallen by 7% in 24 hours | Source: ETHUSD on TradingView.com The migration of capital from Ethereum to these other solutions was to reduce the high fees characterizing transactions carried out on its base layer. Related Reading | While Broader Crypto Market Holds Its Collective Breath, Whales Are Loading Up On Bitcoin The information from Dune Analytics even reveals that another rollup network Arbitrum has a TVL of $2.62 billion, which is the largest ETH Bridge. This rival protocol went live three weeks ago, and it is already making waves. But it is not the only protocol as Polygon ERC-20 Bridge emerged after Arbitrum and is now boasting $2.35 billion in TVL. After Polygon came, Avalanche Bridge and Fantom Anyswap Bridge and each now record $1.86 billion and $476 million, respectively. Featured image from Forbes, chart from TradingView.com

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Optimism announces upgrades enabling ‘one-click’ roll-up deployment

As competition between layer-two scaling solutions heats up, Optimism has announced one-click roll-up deployments.

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Ethereum Software Client Geth Issues Hotfix To Tighten Security

Geth, the most renowned software client of Ethereum, has provided a hotfix to the threatening security challenges in its code. The news was posted on Tuesday at 07:08 UTC to GitHub. However, the details of the terms were not disclosed immediately. The release is titled Hades Gamma (V1.10.8); it was posted to Ethereum GitHub on Tuesday at about 07:08 UTC. According to one of the posts on the release page, it didn’t disclose the details of the vectors, including their fixes. This would have allowed the dependent downstream projects and node operators to update their software and nodes. Related Reading | Bittrex Global CEO Declares Dubai Will Gain Benefit From Cryptocurrency Market Expansion A report from Ethernodes.org states that close to 75% of all the nodes on the Ethereum blockchain run Geth. Therefore, these users are advised to upgrade to Geth V.1.10.8, the updated version, immediately. Guido Vraken Discovering The Bug In Ethereum A software developer Guido Vraken announced on August 18th that he had discovered the bug. Guido Vraken is a scientist who specializes in discovering open-source software code vulnerabilities. He is also interested in scientific works, product development and validation, regulatory matters, and teaching. Guido Vraken is a graduate of the  University of Ghent and a volunteer at Natuurpunt. As stated earlier in the GitHub security advisory post, Geth’s vulnerability can make a node unable to execute Ethereum blocks. The Ethereum experienced a temporary split on its chain during the last Geth code’s fix for a software bug. The split resulted from communication lapses from Geth developers regarding the bug, which was a deliberate act. However, several computers known as ‘nodes’ don’t bother to customize their Geth users to the normal implementation. This led to a consensus failure in the blockchain, as recorded in November 2020. Geth Developers Take On The Latest Version In a blog post, the Geth developer team mentioned that not exposing the security vulnerability is backed by some reasons. First, the act delays all potential attacks on intending node operators that require more time to migrate to the newest version. Now, Geth developers emphasize how urgent it is for all their software users to migrate to the latest version. However, their formal August 18th announcement didn’t explicitly describe the vulnerability nature and form. Related Reading | Former DigitalX Executive Appointed As The New Binance Australia CEO One of the Geth developers, Péter Szilágyi, stated his opinion while tweeting about the code release on Tuesday. He said that “People were not happy with our hotfix last time; they noted that we didn’t make the announcement. So we have decided to do it differently this time; let’s know the one that works better,” – he added. Infura and other major Etherum-based wallets and services have pledged their support for this latest Geth release. They publicly made this announcement on Twitter. Featured Image From Pixabay

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Bug in Ethereum client leads to split — EVM-compatible chains at risk

“Stay away from doing [transactions] for a while till confirmed, unless you are sure you are submitting to latest Geth,” advised Andre Cronje.

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Consensus Bug Causes Ethereum Chain Split

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A16z’s hyped-up orange balls revealed to be an L2 rollup client

A series of cryptic tweets depicting orange balls were revealed to be building up hype for a new rollup client for Optimism (OP) called “Magi” from the crypto arm of venture capital firm Andreessen Horowitz (A16z). An April 19 Tweet from a16z engineer Noah Citron explained Magi is written in the programming language Rust and [...]

The post A16z’s hyped-up orange balls revealed to be an L2 rollup client appeared first on Crypto Breaking News.

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Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy

Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust holdings, totaling approximately $1.6 billion. This strategic liquidation aims to maximize creditor repayments amidst potential market volatility, following a recent SEC settlement. (Read More)

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Together AI Expands DeepSeek-R1 Deployment with Enhanced Serverless APIs and Reasoning Clusters

Together AI enhances DeepSeek-R1 deployment with new serverless APIs and reasoning clusters, offering high-speed and scalable solutions for large-scale reasoning model applications. (Read More)

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Deploying DeepSeek-R1 Models on Together AI: A Secure and Cost-Effective Approach

Discover how Together AI enables secure and efficient deployment of DeepSeek-R1 models, offering privacy controls and serverless pay-per-token pricing to revolutionize AI accessibility. (Read More)

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Creating Real-Time Image Generators with Together AI's Turbo Endpoint

Explore how BlinkShot utilizes Together AI's Turbo endpoint for real-time image generation, integrating technologies like Next.js and React Query for seamless user experience. (Read More)

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Together AI Launches Low Latency Voice AI Platform with Cartesia Sonic

Together AI introduces the Together Audio API, utilizing Cartesia Sonic's low-latency, multilingual voice model, enabling developers to create advanced voice applications across various industries. (Read More)

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