A hacking incident hit one of the leading crypto exchange operations, WazirX, on 18 July. In the attack, around $235 million was stolen from the users’ funds. Huge controversy surrounded the hacking into the multi-signature wallet of WazirX and its custodian, Liminal. Binance for its part claimed that it has been strongly denying any involvement […]
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Cryptocurrency Market Summary Still in an uncertain, FUD stage by September 17th, 2024, is the cryptocurrency market, thus the global market cap remaining down at 3.67% to $2.02 trillion. Majority of major altcoins like Ethereum, Solana, and Ripple are holding solid levels while others have flexed their muscles and done so much better with hefty […]
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Crypto exchanges have been among the most prominent hacker targets for quite a while; multi-million dollar breaches are alarmingly evermore common. Of course, as every cloud has a silver lining, it comes at a time when a Chainalysis report showed illicit crypto transactions overall declined. Still, hacking attacks increased 2.8% this year. Through mid-2024, stolen […]
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A Bitcoin mining facility in Hadsel municipality, Norway has been shut down following persistent complaints that regard the issuing facility as a noise pollution, but closing the facility has increased electricity cost for local residents by 20%. Conceding 80 GWh of electricity annually, about the year’s consumption of around 3,200 households, the mining facility had […]
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Agains this trend, Barclays is one of the huge strides reported to make great strides in exploring the realisation of a digital pound, in a bid to understand what use cases it holds and subsequently develop all-encompassing frameworks for its implementation across the United Kingdom. As part of an overall shift towards digital currencies capturing […]
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The U.S. Commodity Futures Trading Commission, the watchdog of futures, swaps, and certain other standardized contracts, warned it had seen significant concerns over manipulation risks across prediction markets, with Kalshi – one of the leading, U.S.-based platforms of prediction markets – having caught its attention. The latest filing for a prediction market further fuels concerns […]
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Circle, the issuer of the world’s most widely used USDC stablecoin, announced an historic partnership with Sony’s Block Solutions Labs to bring USDC as the primary transaction token on the brand-new Soneium blockchain. This partnership will combine bridged USDC, allowing for safe, frictionless transactions within the Soneium network, unlocking a more integrated digital economy for […]
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Introduction This is a fast-paced world of change—the technology and finance world—placing blockchain, cryptocurrency, and NFTs at the very epicenter of innovation. The article contains deep dives into the changes and trends in these areas; it touches on the current development of emerging technologies and movements within the market. Blockchain technology welcomes us to the […]
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1. Introduction This non-fungible token marketplace has grown enormously in recent times, hence changing how digital ownership of assets is created, bought, and sold. The surge in this advanced technology went ahead to attract the likes of celebrities, artists, investors, and even the 45th President of the United States, Donald Trump, who, according to his […]
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Introduction Renzo Protocol’s cardinal contribution to Solana is the first liquid restaking token on Jito. This is a huge milestone for the Solana blockchain since its main purpose is to increase network participation by making staking liquid. In today’s article, we are going to delve deeper into the details of this release, its implications for […]
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