Botanix bet big on ‘Bitcoin DeFi.’ Its shutdown suggests users never cared

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Crypto News

Bitcoin layer-2 network Botanix is being wound down a year after its mainnet went live. The project cited market conditions and broader indifference within the cryptocurrency industry towards establishing greater utility on the Bitcoin network, in a post on X on Tuesday. “It did not work,” Botanix summed up. “At least not in this market […]

Foundation unveils new ‘Clear Signing’ standard to stop users from approving malicious crypto transactions

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Crypto News

The Ethereum Foundation and a group of major crypto wallet developers are rolling out a new security standard designed to stop users from accidentally signing away their funds, a problem that has fueled some of the industry’s biggest hacks and scams. The initiative, called “Clear Signing,” aims to replace the confusing walls of code users […]

If They Can Do it to Sun, Who’s Next?’ Say Insiders as WLFI Claims Freeze Was to ‘Protect Users’

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Crypto News

World Liberty Financial (WLFI) is defending its decision to freeze hundreds of wallets, including Tron found Justin Sun’s, saying the move was meant to protect users from phishing-related compromises, not to stifle normal trading. “WLFI only intervenes to protect users, never to silence normal activity,” the project wrote on X. We’ve heard community concerns about […]