Blockchain

Genesis Block Ceases Its Operations In Hong Kong, Reason Is FTX

Genesis Block Ceases Its Operations In Hong Kong, Reason Is FTX

The FTX scandal is turning out to be a trend even after two weeks. The aftershocks of the FTX collapse are still being felt throughout the cryptocurrency industry. Genesis Block Ceases Trading Operations Even now, many firms are opening up about their losses due to the FTX crash. Many firms have even stopped running their operations due to the FTX outbreak. Genesis Block is the latest addition to the list of firms that have been swallowed by the FTX contagion. Genesis has been operating in Hong Kong as a cryptocurrency entity. It has been providing retail services in the cryptocurrency…
Read More
Over $1 Million Lost By Rubic As Private Keys Were Reportedly Compromised

Over $1 Million Lost By Rubic As Private Keys Were Reportedly Compromised

The officials at Rubic recently reported that they suffered from an exploit that ended up costing them over $1 million. Rubic Exploited by Hackers Rubic is a major platform known for facilitating cross-exchange swaps for cryptocurrencies. The platform reported that it was exploited on Wednesday by hackers. The platform was hacked as the exploiters were able to gain access to the private keys that granted platform access to the hackers. The Rubic officials confirmed that unfortunately, it was not just a common user but the administrator, whose wallet access the hackers were able to exploit. Notification by Rubic The Rubic…
Read More
El Salvador And Lugano Have Signed An Economic Agreement Citing Similar Interests

El Salvador And Lugano Have Signed An Economic Agreement Citing Similar Interests

El Salvador, a Central American country, and Lugano, a southern city in Switzerland have signed a new agreement. The reports claim that it is an economic cooperation agreement signed between both regions. The similarity between ES and Lugano According to the market observers, it is due to the technological similarities both regions have signed the agreement. The technological similarities between the regions include crypto-blockchain technologies. The announcement related to the cooperative agreement signed between both jurisdictions was made by the Lugano officials. The reports confirm that a memorandum was signed between both jurisdictions that would understand economic cooperation between both…
Read More
Israel Has Announced Digital Bonds’ Live Tests That Are Tokenize In Nature

Israel Has Announced Digital Bonds’ Live Tests That Are Tokenize In Nature

The Ministry of Finance of Israel has recently made an announcement regarding digital bond trading. The Ministry has announced that it has launched a live test for the digital bonds trading service, based on a blockchain-based platform. Finance Ministry’s Collaboration with Multiple Entities The Ministry officials have confirmed that they have collaborated with multiple entities to come up with digital bonds. These entities involve the Tel Aviv Stock Exchange (TASE), VMware, and Fireblock. VMware is a software solutions provider in the US while Fireblock is a digital asset custody provider. As communicated by the Finance Ministry, these firms will be…
Read More
BNB Chain Is Now Up And Running For Users After Falling Victim To An Exploit

BNB Chain Is Now Up And Running For Users After Falling Victim To An Exploit

As of October 7, the BNB Chain is active after being suspended due to maintenance work. BNB Chain has been launched by the Binance cryptocurrency exchange, which runs all of its operations through the particular network. BNB Chain is Up and Running On October 7, the officials at the BNB Chain confirmed that the network is back online after being suspended due to the exploit. After reporting the exploit, the BNB Chain officials reportedly shut down the blockchain claiming it was down for maintenance. However, the BNB Chain community knew that the brief suspension of the network was due to…
Read More
Blackrock Has Filed For Approval Of A Metaverse Exchange Traded Fund At SEC

Blackrock Has Filed For Approval Of A Metaverse Exchange Traded Fund At SEC

Blackrock, the largest asset manager in the entire world in terms of assets under management (AUM) has recently submitted a file to the US SEC. Blackrock is interested to gain more exposure in the blockchain and digital asset space, wanting to invest more energy into the spaces. The firm has already made invested a great fortune in the blockchain and digital asset sector. The recent filing submitted by the asset manager at the Securities and Exchange Commission confirms it seeks more exposure to the industry. The US SEC Revealed Blackrock’s Recent Filing The US Securities and Exchange Commission has recently…
Read More
GameStop Forms a New Partnership with FTX US

GameStop Forms a New Partnership with FTX US

GameStop, a major gaming retailer in the United State has announced it has formed a partnership with FTX US. GameStop and FTX US Join Hands The major gaming retailer has announced that it has formed a partnership with FTX US, a major cryptocurrency exchange operating in the United States. The exchange is operated and headed by Sam Bankman-Fried. GameStop has been interacting with the world of cryptocurrencies for a long time. However, it expedited its cryptocurrency adoption by the end of 2020. Since then, the gaming retailer has continued seeking more and more exposure in the cryptocurrency industry. In early…
Read More
Another Hack Resisted by Rainbow Bridge Causing Hacker to Lose 5 ETH

Another Hack Resisted by Rainbow Bridge Causing Hacker to Lose 5 ETH

The developers behind Rainbow Bridge have made a public announcement about another hack. The platform has announced that they have successfully deflected and survived another hack. Rainbow Bridge is a platform that helps in the flow of provable data between Ethereum (ETH) and Near (NEAR). The provable data is verified cryptographically and its transfer is facilitated through the Rainbow Bridge. Rainbow Bridge Gave a Huge Shocker to the Hacker According to the latest information by Rainbow Bridge, it not only survived the hack but was able to go another mile in an interesting manner. As per the Rainbow Bridge teams,…
Read More
Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?

Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?

Ethereum's migration into a PoS (proof-of-stake) mechanism continues to dominate debate in the blockchain industry. On August 11, the network's core developers confirmed a possible ETH Merge date. Meanwhile, the platform should complete Paris and Bellatrix upgrades before the ultimate Merge into a PoS blockchain. Meanwhile, developers confirmed completing Bellatrix on September 6, whereas Paris will arrive after the platform's hash rate hits a specific mark – a TTD (Total terminal difficulty) of 5875000000000000000000 – anticipated by September 16. This announcement triggered swift uptrends in ETH prices as the altcoin rallied above $1,900, a level it hasn't touched since May.…
Read More
Solana and KRAFTON to Boost Blockchain Gaming

Solana and KRAFTON to Boost Blockchain Gaming

The collaboration is to support blockchain gaming marketing and design. Also, Solana Labs and KRAFTON will collaborate on investment opportunities. KRAFTON will utilize capacity from PUBG: BATTLEGROUNDS to join the NFT and Web3 industry. KRAFTON has partnered with Solana Labs to support blockchain marketing and design. Remember, KRANFTON, Inc. launched the wildly recognized PUBG: BATTLEGROUNDS battle game. Why Solana (SOL/USD)? Solana is among the leading decentralized blockchains designed to ensure user-friendly and scalable applications globally. Moreover, it guarantees scaling without compromising security and composability, supporting developers' long-term activity. Furthermore, Solana ensures reliable performance, processing thousands of 'smart' contracts concurrently via…
Read More
Solana (SOL) Drops 15% amid Congestion News, Losing 40% in One Week

Solana (SOL) Drops 15% amid Congestion News, Losing 40% in One Week

Solana has witnessed freefall due to the market slump. Frequent outages had some market players losing trust in the token. SOL dropped to the 8th rank as its overall market cap stood below $45 billion. Solana's governance token SOL/USD saw another 15% drop today. That had the alternative coin plunging beneath $90 as its weekly losses amounted to 49%. That comes as the SOL blockchain experiences massive network congestion problems. Meanwhile, SOL has seen a free fall as the global market slumped. For now, the alt stays about 60% lower from its 2021 November ATH (CoinGape report). Two Days of…
Read More
Polygon (MATIC) To Be Deflationary With EIP-1559 Upgrade

Polygon (MATIC) To Be Deflationary With EIP-1559 Upgrade

ETH's EIP-1559 introduces fee-burning contrivances launched on the Polygon platform today. Experts estimated MATIC supply would see 0.27% burn per year. Improved fee visibility might reduce network congestion and spam transactions. Analysts believe MATIC might continue dropping until 2022 March. The EIP-1559 update is live on the MATIC platform now. The upgrade might mean a positive effect on MATIC's price as it implements a token-burning mechanism. Experts observed that the unpredictable fees and network congestions saw investors picking alternatives such as Avalanche. Analysts Remain Bullish on Polygon with Burning Implementation Traders and proponents have awaited EIP-1559 integration on the Polygon…
Read More
Cardano (ADA) Back in Top Five Crypto-List amid 10% Upswing

Cardano (ADA) Back in Top Five Crypto-List amid 10% Upswing

Cardano's ADA stepped up during the weekend after sideways movements. The altcoin surged over $10% on 16 January. That way, ADA reclaimed its spot in the top-5 cryptocurrency list. While publishing this analysis, ADA traded a 9.10% high around $1.47, while its market capitalization stood at $49.2 billion. The latest price increase in the alt comes amid massive transaction volumes as enthusiasts await Sundae Swap. Messari data shows ADA blockchain recorded the 2nd-highest network activity outperforming Ethereum. Cardano appears to ride on massive developments. For instance, the platform saw 70 smart contracts launching in its blockchain within the past month…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.