Zero-knowledge (ZK) rollup tech company StarkWare founder Eli Ben-Sasson says its new Recursive validity proofs could theoretically roll up as many as 60 million transactions into one on the Ethereum blockchain. The zkSTARK co-inventor made the comments to Cointelegraph during ETH Seoul on Aug. 7 after announcing the start of production of StarkWare’s new Recursive
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Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained, noting that “inflation is going to drop rapidly.” Elon Musk Explains Why He Thinks
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that “if and when all our money is on our computer, it’s going to be government money.” Nonetheless, he noted that his wife invests in crypto. Jim Rogers’ Crypto Warning Famed investor Jim Rogers shared his
This week offers one of Africa’s most significant votes this year as Kenyans go to the polls on Tuesday to decide a new president. The contest is between the current deputy president William Ruto, 55, and Raila Odinga, a 77-year-old veteran of such campaigns now on his fifth attempt at the top job. Relations with
Deriving their names from the size of the massive mammals swimming around the earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency. In the case of Bitcoin (BTC), someone can be considered a whale if they hold over 1,000 BTC, and there are less than 2,500 of them out
The US Senate has passed Joe Biden’s flagship economic package after a marathon overnight voting session that handed the president a major political victory just months before the midterm elections. The climate, tax and healthcare bill, known as the Inflation Reduction Act, passed by 51 votes to 50, with voting split along party lines and
The UK government’s Covid-19 venture capital fund has been mostly invested in what one director overseeing the portfolio called “zombie businesses”, leaving it with “a significant tail of dormant companies”, according to documents seen by the Financial Times. The Future Fund, a £1.1bn portfolio set up by then-chancellor Rishi Sunak and managed by the state-owned
On August 5, 2022, the American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token (NFT) mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs created by Tiffany’s have to be redeemed by August 12 and
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
The United States jobs data on Aug. 5 was above market expectations, indicating that inflation has not cooled down. The strong numbers reduce the possibility that the U.S. Federal Reserve will slow down its aggressive pace of rate hikes. After the release, the likelihood of a 75 basis points hike in September has risen to
Government plans to axe up to 91,000 civil servants over three years will require deep cuts to public services and cost at least £1bn in redundancy payments, according to a Whitehall review. Boris Johnson in May unveiled plans for the near 20 per cent reduction in headcount, and in June said he could “prune” back
Few movie stars have stirred Americans’ hearts like Audrey Hepburn. In the 1954 movie Sabrina, the last directed by Billy Wilder for Paramount Pictures, she co-starred with Humphrey Bogart and William Holden to portray the daughter of the chauffer to the wealthy Larrabees. The fictional family’s cinematic home was a gracious red brick house built
A vacation home that Justin Bieber rented for two weeks in 2015 at $10,000 per night for his entourage is headed to the auction block August 15 with a $5.99 million reserve, meaning the minimum price the seller is willing to accept for the home. Currently listed for $9.95 million, the property is one of
British financial regulators have failed to tackle risks outside traditional banking and should now develop a comprehensive UK policy instead of waiting for an international agreement, according to a former Bank of England deputy governor. Paul Tucker accused the BoE of inadequate regulation of the so-called shadow banking sector at a private event last month,
The Chinese military culminated its largest-ever military exercise around Taiwan on Sunday with practice bombing raids and missile attacks on the main island as Beijing said it had met its objective of intimidating “Taiwan independence forces” and deterring US intervention. The People’s Liberation Army said on Sunday night that multiple groups of aircraft had trained
In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one (L1) onchain transaction fees have dropped below the $5 mark and tumbled even lower by the end of July. At the time of writing, the
The UK government is to review a £4.2bn foreign takeover of a key part of the country’s gas infrastructure amid increased concerns about energy security. The sale of a 60 per cent stake in National Grid’s gas transmission business to an international consortium led by Australia’s Macquarie, the world’s largest infrastructure investor, is to be
An Israeli air strike has killed a senior figure in the militant group Palestinian Islamic Jihad, amid the most serious flare-up in hostilities between Israel and militants in the Gaza Strip for more than a year. Over the past three days, Israeli forces have repeatedly bombed sites in Gaza — an impoverished stretch of land
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Tongtong Bee, co-founder of Panony — an incubator, investor and adviser for blockchain and Web3 business. I’m Tongtong Bee,
It was a perfect first date. It started with a trip to an amusement park nestled in an alpine valley, where colorful roller coasters wound through the trees. Then the couple played a round of miniature golf before topping the night off with a shared bucket of popcorn at a movie theater. And it all