Ethereum's Upcoming Pectra Upgrade - Details
Ethereum's Upcoming Pectra Upgrade - Details
Cyber Capital Founder Accuses Tether Of Being A Scam, Phishing Sites At The Top Of DuckDuckGo Search Results
Ethereum developers are working on and publicly discussing the upcoming Pectra, an upgrade once again aimed at improving scalability and efficiency of the network.
They are considering a split of the upgrade in 2 parts, with the first one realistically being in early 2025 around February.
The Pectra upgrade would separate into the Prague upgrade and the Electra upgrade, with the former focusing on execution and the latter - on consensus.
At a Sept. 12 execution layer meeting, it was noted that developers agree that if the upgrade was split, Pectra 1 could arrive sooner than expected earlier.
Smaller forks also tend to have less risk.
It was also said that if nothing, not even phase 1 is released before June of next year, that would be regarded as a "failure".
Pectra could be the biggest upgrade in Ethereum's history, according to Galaxy researcher Christine Kim.
One of the highlights of Pectra is its aim to introduce EIP-3074, which would make wallets work like smart contracts.
Market Update
News
Cyber Capital Founder Accuses Tether of Being a Scam
Justin Bons, the founder of Cyber Capital, has made serious allegations against Tether. He claims that Tether is the largest fraud in the industry, labeling it a $118 billion scam. Bons argues that the lack of transparency and the absence of formal audits are major red flags. | Read More
US Lawmakers Urge Crypto ATM Operators To Tackle Fraud
The lawmakers have highlighted that fraud losses linked to Bitcoin ATMs have reached a staggering $65 million in just the first half of the year. Older adults have been disproportionately affected by these scams, making them a primary focus for intervention. | Read More
DuckDuckGo Ranks Etherscan Phishing Sites in Top Results
Recently, DuckDuckGo, a popular search engine known for its privacy features, has been displaying phishing websites in its search results for "Etherscan." Etherscan is a widely used Ethereum block explorer that allows users to track transactions on the Ethereum blockchain. | Read More
Delta Prime Suffers $6M Crypto Breach
Delta Prime, a DeFi platform, recently faced a significant security breach, resulting in the loss of over $6 million in digital currency. The breach initially resulted in a loss of $4.5 million, but subsequent malicious transactions increased the total stolen to over $6 million. | Read More
BaseBros Fi Does A Rug Pull on Base Blockchain
On September 13, 2024, BaseBros deleted its website and social media accounts, leaving investors in the dark. The project utilized an unaudited smart contract with a hidden backdoor, allowing them to drain approximately $130,000 from users' funds. These funds were then laundered through Tornado Cash | Read More