“It’s like your dial-up internet became broadband because the Bitcoin price went up,” according to the CEO of Amboss Technologies.
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The startup is onboarding Bitcoin miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce.
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The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.
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The new tokenized assets offer the stability of the Bitcoin network with admirable yield.
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After being exploited for $4.3 million in May, Alex Lab reveals they have since found “substantial transaction evidence” pointing the attack to North Korea’s Lazarus Group.
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Alex Labs has revealed a recovery roadmap and enhanced security measures post-exploit aimed at rebuilding community trust and resuming operations.
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The deployer account changed an Alex contract’s implementation address, and multiple tokens were subsequently drained from its bridge.
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The news comes less than a month after Binance announced their plans to integrate Bit Lightning Network.
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The founder of Digital Bitcoin Art and Assets (DIBA) believes smart contracts on Bitcoin could solve the myriad problems created by Ordinals.
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