China News Today TheBitTimes.com

LayerZero announced its LayerZero V2 upgrade three days ago with enhanced cross-chain interoperability with Universal Messaging and Modular Security. Clusters introduces a multichain naming protocol for seamless blockchain address management. Delegate’s expertise in address management ensures security and reliability in the Clusters ecosystem. LayerZero Labs, in collaboration with Delegate, has announced the launch of Clusters, a groundbreaking multichain naming protocol designed to streamline user interaction across various blockchain networks. With this innovative solution, users can maintain a consistent identity and manage their blockchain addresses seamlessly, transcending the limitations of individual chains such as Ethereum, Polygon, Avalanche, and Solana among other EVM chains. Your universal name. For the multichain maxis. Feb 1, 10am ET pic.twitter.com/nCOiAqrjnU — Clusters (@clustersxyz) January 31, 2024 The Clusters Protocol...

Ethereum layer 2 solution Arbitrum had a brief downtime on Friday. An update showed a surge in inscriptions had contributed to the spike in network traffic and gas fees. Arbitrum has since “resolved this issue,” with operations back to normal and gas prices steadily recovering. Arbitrum, a rollup chain on Ethereum, is running normally after a brief downtime on Friday. The layer 2 Ethereum scaling solution faced a little more than one hour network outage on December 15. An update posted on the official Arbitrum Foundation account on X noted that the outage happened after a surge in inscriptions triggered a stall in the Arbitrum One Sequencer. Arbitrum operations back to normal According to details shared with the community, the Arbitrum One Sequencer and Feed stalled approximately at 10:29 AM ET. The technical hitch led to a significant surge in network traffic and inevitably a spike in transaction fees. The Arbitrum One Sequencer stalled a...

Ethereum price has bounced back in the past two days. Franklin Resources became the other company to file for a Bitcoin ETF. US published strong consumer inflation numbers. Ethereum price rose for the second straight day even after the US published strong consumer price index (CPI) data. The price jumped to a high of $1,595, a few points above this week’s low of $1,530. In all, the coin has dropped by more than 25% from the highest level this year. Bitcoin ETF applications Ethereum price bounced back after  Franklin Templeton became the first big financial services company to file for a spot Bitcoin ETF. The other major Wall Street firms that have done that are Blackrock, Invesco, Ark Invest, and Fidelity. Analysts believe that these companies have a higher chance of gaining the approval of launching these funds. For one, these companies have put in place strict surveillance clauses to prevent market manipulation. Most importantly, t...