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Showing posts with the label block

AVAX blockchain explorer to shut down as Etherscan fees draw controversy

Annual subscription fees for Etherscan's EaaS service has reportedly grown to $2 million per year. Snowtrace.io, a popular block chain explorer tool for Avalanche (AVAX), will shut down its website, powered by Etherscan's Explorer-as-a-Service (EaaS) toolkit, on November 30. The Snowtrace team clarified that only its explorer powered by Etherscan will be shut down. According to the October 30 announcement, Snowtrace users are required to save their backup information, such as private name tags and contact verification details, before the said date. While the team did not explicitly state the reason for shutting down the explorer , some have pointed to Etherscan's service fees for its EaaS toolkit. Mikko Ohtama, co-founder of tradingprotocol, claims that an annual subscription to EaaS can cost between $1-$2 million per year. Ohtama wrote:  "EtherScan is a very good product, but smart contract verification is something that needs to be decentralised. Regulators and o...

Marathon reportedly mined an invalid Bitcoin block

Marathon Digital Holdings (MARA), a publicly traded crypto mining company, reportedly mined an invalid block on Bitcoin, according to developers, miners and researchers The invalid block was at height 809478, with anonymous Bitcoin developer “0xB10C” writing on ooX that MaraPool — Marathon’s mining pool — had a “transaction ordering issue.” It seems like MARAPool had a transaction ordering issue. 66dfefcdc3eeec2745c11f511f6068d62f34c34c767ba0feed47f63f01ccc2d8 is the 6th tx in the in valid block . It spends from 7d18f0eefce0497b5d0c9b61fdf816b7744587c7e5e57acc53de71d1dae59725, which is the 1454th tx in the block . https://t.co/P3txhKqVS0 — 0xB10C (@0xB10C) September 27, 2023 This was confirmed by Casa CTO Jameson Lopp, who said that data gathered from all nine of his nodes shows that the block contained a transaction that incorrectly spent an output before it was created, thus invalidating the block. Confirmed on my nodes. https://t.co/NIrNMG...

Nomo Bank latest in UK to block Binance payments

Nomo Bank , a digital bank launched in 2021, has become the latest UK bank to block customers’ payments to Binance . In an email to customers, Nomo said it was blocking payments “pursuant to other UK banks, recent adverse news reports, and regulatory concerns.” This policy does not affect payments and withdrawals to other registered crypto exchanges recognized by the UK’s financial regulator, the Financial Conduct Authority (FCA). In the email, Nomo specified recent FCA action as the reason for making these changes. “Our regulator, the FCA, have been very vocal about the risks associated with cryptocurrency,” it said. “Our approach has been designed to help you keep your money safe.” The bank added, “This is also in line with wider UK bank practice.” Following a notice by the FCA in 2021 that Binance was not a registered crypto-service provider in the UK, major UK banks have blocked payments to Binance, including: B...