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Publications
- **Ethereum co-founder Vitalik Buterin, together with co-authors Sam Wilson, Ansgar Dietrichs, and Matt Garnett, have proposed Ethereum Improvement Proposal (EIP) 7702 as an alternative to EIP-3074, aiming to refine account abstraction on the Ethereum network.**
**EIP-7702 suggests a novel transaction type that enables externally owned accounts (EOAs) – normal Ethereum account addresses – to temporarily function as smart contract wallets during a transaction, with their original state restored afterward.**
**EIP-7702 serves as a new alternative to **[**EIP-3074**](https://www.theblock.co/post/288175/ethereums-pectra-upgrade-to-bring-smart-contract-functionality-to-wallets-as-experts-debate-eip-3074)** (which was earlier considered for inclusion in the upcoming Pectra upgrade); however, it now adds quantum resistance and better compatibility with 4337, Uniswap founder Hayden Adams **[**noted**](https://twitter.com/haydenzadams/status/1787881356631871631)**.**
**EIP-7702 aims to achieve compatibility with **[**ERC-4337**](https://www.theblock.co/post/239386/safe-wallet-erc-4337-account-abstraction)**, another broader standard for smart contract wallets that is deemed “endgame account abstraction.”**
**“This EIP is designed to be very forward-compatible with endgame account abstraction, without over-enshrining any fine-grained details of ERC-4337,” the proposal stated.**
Source: <https://www.theblock.co/post/293074/vitalik-buterin-proposes-eip-7702-aiming-to-refine-account-abstraction-on-ethereum?utm_source=twitter&utm_medium=social>
\#ethereum #eth #news #lens #cryptonews
- Adidas lost its bid to revive a lawsuit claiming fashion house Thom Browne ripped off the company's three-stripe trademark. Adidas argued in its appeal that a Manhattan judge issued flawed instructions to the jury that rejected the lawsuit last year.
Source: Reuters
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- A cryptocurrency user has lost $ 68 million worth of wrapped bitcoin (WBTC) after falling victim to an address poisoning exploit, according to blockchain security firm CertiK.
Address poisoning is a technique that involves tricking the victim into sending a legitimate transaction to the wrong wallet address by mimicking the first and last six characters of the true wallet address and depending on the sender to miss the discrepancy in the intervening characters. Wallet addresses can be as long as 42 characters.
In this case, the exploiter mimicked a 0.05 ether (ETH) transaction before receiving 1,155 WBTC from the victim.
Stolen Funds are here : https://etherscan.io/address/0xd9a1c3788d81257612e2581a6ea0ada244853a91#tokentxns
#news #breakingnews #eth #bitcoin #lens
- **Egon von Greyerz, a former banker and gold analyst, claims that gold and silver are set for a price rally amidst an upcoming collapse of the U.S. financial system. Von Greyerz states that interest rates will exceed 10% in a hyperinflationary environment, fueled by the issuance of unlimited debt and the loss of trust in the U.S. dollar.**
#gold #silver #news #cryptonews #lens
- Coinbase CFO Alesia Haas says that the company is seeing an increase in revenue from non-trading activity like subscription and services, even through crypto and Bitcoin volatility.
Source: Bloomberg
#news #coinbase #lens
- MicroStrategy unveiled the open-source MicroStrategy Orange Decentralized Identity protocol, which uses a modified approach to inscriptions as Ordinals, but stores only data related to DID, meaning documents can be created and updated with few restrictions on size and content while taking advantage of the segregated witness (SegWit) feature of Bitcoin.
#bitcoin #news #cryptonews
- Changpeng Zhao, the billionaire founder of the giant cryptocurrency exchange Binance, was sentenced on Tuesday to four months in prison, a much lighter penalty than other crypto executives have faced since the industry imploded in 2022.
- Crypto software firm Consensys sued the US Securities and Exchange Commission in an effort to fend off regulation of the Ethereum blockchain and push back against what it called the agency’s “campaign to seize control over the future of cryptocurrency.”
Source: https://www.bloomberg.com/news/articles/2024-04-25/crypto-firm-sues-sec-to-fend-off-oversight-of-ethereum?utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&utm_content=crypto
#consensys #eth #news #cryptonews
- Members of South Africa's crypto community believe that the country's upcoming election wont impact the nation's plans for its digital assets sector.
-CoinDesk
#crypto
- Apple's reportedly trying to partner up with OpenAI and Google ahead of its big WWDC event in June.
- Cointelegraph
#apple #news
- Alphabet's Google asked a federal court in Virginia to reject a US government lawsuit accusing the advertising and search company of anticompetitive practices in the online advertising marketplace .
Source: Reuters
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- Bitcoin’s rally to $ 70K opens a bullish path for OP, TAO, STX and MNT.