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1. 30% of Ethereum Validators Support Raising Block Gas Limit to 40 Million link According to Ethereum Foundation researcher Toni Wahrstätter, over 30% of Ethereum validators currently support raising the block gas limit from the existing 30 million to 40 million. Validators can express their support by modifying their node configurations without the need for a hard fork. Once over 50% of validators agree, the block gas limit will automatically adjust to the target value of 40 million. Ethereum co-founder Vitalik Buterin suggested a 33% increase last year. The “Pump the Gas” initiative, launched by Ethereum developer Eric Connor and former MakerDAO smart contract lead Mariano Conti, also advocated for increasing the gas limit to accommodate the network’s scaling needs. 2. NASDAQ Files 19b-4 Application for Canary Litecoin ETF link The Nasdaq exchange has submitted a 19b-4 filing for the Canary Litecoin ETF, officially initiating the SEC’s regulatory review process for the product. Fox ...

Fuse, a blockchain payment platform, has unveiled Charge, the first Web3 merchant bank offering a wide range of crypto and fiat payment solutions, as reported to Finbold on Wednesday, October 8.  The new platform will support blockchain businesses and cover services from payments to invoicing. Charge — Fuse’s Web3 bank Targeting small- to medium-sized businesses and offering competitive transaction fees of just 0.5%, Charge enables transactions in various crypto and fiat currencies, eliminating obstacles in international trade. Picks for you Bitcoin price prediction after FOMC minutes are released 38 mins ago This trader turned $150 into $500,000 in 130 days of 'locking in' 1 hour ago ...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In every tech cycle, there lies a pivotal moment when a slow realization becomes an “aha” moment, catalyzing a widespread market shift to a new model, platform, or archetype. That moment is fast approaching for web3. You might also like: Web3 breaks ground with the convenience of a consumer-centric approach | Opinion Underpinned by the ideals of hardwired transparency, reliability, and expediency the internet was meant to fulfill, web3 is poised to redefine how we interact with the digital world. Web3 has come a long way since it was first introduced into vernacular–transitioning from a conceptual idea to a tangible (albeit young) ecosystem of new-age technologies and applications backed by billions of investments. It’s no surprise that major companies and global brands—JPMorgan, Google, Disney, and Goldman Sachs, among...

In addition to “smart accounts” Ethereum adoption will be boosted by Web3 gaming along with zkEVM scaling and security, says Laura Shi. Account abstraction , also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys. Speaking to Cointelegraph, the director of strategic initiatives at ConsenSys, Laura Shi, noted that the Ethereum and Web3 ecosystem has seen a strong expansion in Asia this year. “More dApps are improving UX for the Asian market, including introducing Asian language support,” she said. Shi added this expansion is primarily being driven by the introduction of zero knowledge Ethereum Virtual Machine (zkEVM) rollups and the mass adoption of Optimistic rollups. The two rollups are layer-2 scaling solutions with zkEVM offering developers security, scaling and direct compatibility with Ethereum smart contracts. Shi believes the development of account abstra...

A comprehensive analysis of how community engagement and trust shape the landscape of social media influence. As social media platforms continue to dominate people’s daily lives, the power of influencers and their ability to sway public opinion has become a highly valuable asset. But how does one accurately measure this power? Is it based solely on the number of followers or likes an influencer has? In this article, we'll explore the limitations of evaluating community power based on followers and engagements alone and examine an alternative metric called Social Capital. Problem of the decade and recent trends For years, marketers have relied on metrics like followers, likes, and comments to gauge the impact of an influencer's content. However, these metrics only tell part of the story. A large number of followers doesn't necessarily equate to a highly engaged or influential audience, and high levels of engagement can often be artificially inflated through paid promotions ...

Dan Held, the chief marketing officer at Trust Machines, believes that rising Bitcoin transaction fees may encourage users to look at other layer-2 solutions. The recent Bitcoin 2023 conference in Miami, Florida brought together cryptocurrency enthusiasts and experts from around the world. Among them was Dan Held, a Bitcoin (BTC) educator and the chief marketing officer at Trust Machines, who shared his insights on the current state of Bitcoin and its prospects.  In an interview with Cointelegraph’s Joe Hall, Held touched upon various topics, including transaction fees, scaling solutions and the evolving narrative around Bitcoin as a means of payment. One of the significant concerns discussed was the recent spike in BTC transaction fees and its impact on the community. Joe Hall with Dan Held at the Bitcoin 2023 conference in Miami, Florida. Source: Cointelegraph Held emphasized that the increased fees were driven by growing demand for Bitcoin’s block space — particularly due to the ...