Stellar joins Bytecode Alliance to help develop EVM alternative Wasm

The Stellar Development Foundation has joined the Bytecode Alliance, an industry group promoting the development of WebAssembly (Wasm), according to an Aug. 21 announcement from the foundation’s product lead, Tomer Weller. Wasm is a competitor to the Ethereum Virtual Machine (EVM) used by the Ethereum ecosystem. It is also used in non-blockchain, browser-based applications. We are officially members of @bytecodeallies! Our goal? To shape the future and development of WebAssembly for blockchain developers. Time to get to work https://t.co/MBLkWoNlDl — Stellar (@StellarOrg) August 21, 2023 EVM is a virtual machine…

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Introducing Ark: An Alternative Bitcoin Scaling Solution Focused On Preserving Privacy

This is an opinion editorial by Kudzai Kutukwa, a financial inclusion advocate and Mandela Washington fellow. “When use of strong cryptography becomes popular, it’s harder for the government to criminalize it. Therefore, using PGP is good for preserving democracy. If privacy is outlawed, only outlaws will have privacy… PGP empowers people to take their privacy into their own hands. There has been a growing social need for it. That’s why I wrote it.”  –Phil Zimmerman, “Why I Wrote PGP” The case of Roman Sterlingov, who stands accused of running the…

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SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

The United States Securities and Exchange Commission (SEC) is seeking “alternative service” from the U.S. district court in Washington, D.C. to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance. Zhao and Binance were recently sued by the SEC over alleged unregistered securities operations. Related: SEC sues Coinbase for breaking US securities rules In a case document filed with the district court on June 7, the SEC requested alternative service. It explained its evident stance that typical service (which requires the presence and signature of the person…

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