Browsing:Blockchain News

Immutable will use Transak as its exclusive payment service provider for the zero-knowledge Ethereum Virtual Machine (zkEVM).
7 months ago 1 min read

Web3 Gaming Platform Immutable Integrates Transak for Seamless Fiat and Web3 Payments

Immutable, a leading Web3 gaming company, will use Transak as its exclusive payment service provider for the zero-knowledge Ethereum Virtual Machine (zkEVM). This integration aims to simplify payments within gaming ecosystems by enabling users to conduct fiat and Web3-based transactions directly through Transak’s services. Transak’s services will be integrated into both the Immutable Checkout and the Immutable Passport as part of the integration. The Immutable Checkout provides a customizable interface for game developers, allowing them to seamlessly incorporate a variety of payment options. The Immutable Passport, on the other hand, is an all-in-one transaction infrastructure designed specifically for gaming environments.

Polkado has confirmed plans to replace Polkadot's Parachain auctions with a new system, likely named Polkadot V2.
7 months ago 1 min read

The new VP of Engineering at Parity Technologies confirms plans to replace Polkadot’s Parachain auctions

Pierre Aubert, the new VP of Engineering at Parity Technologies, has confirmed plans to replace Polkadot’s Parachain auctions with a new system, likely named Polkadot V2. The proposed Agile Coretime or Bulk Coretime aims to enhance the user experience and create a direct bridge to Ethereum, alongside a connection to Kusama. Over the next six months, Polkadot plans to introduce features to boost user experience and focus on developer improvements, including the Polkadot API to simplify dashboard creation. The Parachain auction model, embraced by projects like Moonbeam Network and Astar Network, encourages community participation and rewards with native tokens upon

Shibarium has launched a novel feature called "Donate" to encourage community involvement
7 months ago 1 min read

Shibarium Launches ‘Donate’ Feature to Encourage Validators and Strengthen Shiba Inu Community

Shiba Inu ecosystem, Shibarium, has launched a novel feature called “Donate” to encourage community involvement and give network validators direct assistance. This major development allows users to financially support non-profit validators that are essential to preserving Shibarium’s security and efficiency, with the goal of building a more robust and inclusive ecosystem. In a statement on X, well-known Shiba Inu community member Ragnar Shib praised the update and emphasized its significance. According to the official Shibarium website, the “Donate” feature acknowledges the vital role non-profit validators play in guaranteeing the efficacy and security of the Shibarium network and allows the user

Cardano Introduces Innovative Tool for Developers with Enhanced Transparency
8 months ago 1 min read

Cardano Unveils Developer-Friendly Tool to Boost Transparency

The Cardano Foundation has made significant strides in improving the developer experience on the Cardano blockchain. They have introduced a new Java-based data provisioning tool designed to simplify data retrieval and indexing for developers working on Cardano applications. This innovative tool, named “Ledger Sync,” is part of the Cardano Foundation’s efforts to create a more developer-friendly ecosystem. The tool will be released as open source, allowing developers and partners to leverage it freely. By enhancing data accessibility and retrieval, Ledger Sync aims to diversify the Cardano developer community. One of the common challenges in blockchain systems is the inefficient retrieval

Ripple has partnered with African fintech firm Onafriq
8 months ago 1 min read

Ripple Expands into Africa with New Cross-Border Payments Solution

Ripple, a leading provider of cryptocurrency-based payment solutions, is expanding its reach with new initiatives aimed at simplifying cross-border transactions. The company has upgraded its Ripple Payments service to make it more accessible to non-crypto-savvy businesses, particularly in the United States. Additionally, Ripple has partnered with African fintech firm Onafriq to facilitate faster and cheaper money transfers between Africa and other regions. Ripple Payments is designed to streamline cross-border payments for businesses of all sizes, regardless of their familiarity with crypto. The service has been enhanced to simplify integration for US and select international companies, leveraging Ripple’s regulatory licenses in

Solana Unveils Incubator Initiative to Drive Growth in the Startup Ecosystem
8 months ago 1 min read

Solana Launches Incubator Program to Boost Startup Growth

Solana (SOL) Labs has launched its Incubator program, an initiative designed to support and nurture startups building on the Solana network. This program provides early-stage companies with a range of resources and guidance, including engineering support, go-to-market strategies, fundraising advice, and access to Solana’s ecosystem. The Solana Incubator program is primarily focused on technical teams aiming to leverage the Solana network while benefiting from the resources and connections offered by Solana Labs. By collaborating closely with Solana Labs, startups can address common challenges in the Web3 space, such as engineering complexities and go-to-market strategies, ultimately helping them establish successful businesses.

Lightning Network Faces Critique Over Alleged Security Weakness
8 months ago 1 min read

Lightning Network Faces Security Concerns as Developer Identifies Possible Issue

A significant vulnerability within the Bitcoin Lightning Network, a technology designed to speed up Bitcoin transactions, was recently identified by Bitcoin developer Antoine Riard. This flaw, known as “replacement cycling attacks,” could potentially compromise the security of funds moving through the Lightning Network. The vulnerability could theoretically enable sophisticated attackers to carry out a “transaction-relay jamming attack” that targets a critical component of the Lightning Network called Hash Time Locked Contracts (HTLC). The goal of such an attack would be to disrupt the regular flow of transactions, causing delays or preventing them from being processed as expected. This could lead

LBRY Inc. Announces Closure After Losing Legal Battle with SEC
8 months ago 1 min read

This blockchain company shuts Down after losing legal battle with the US SEC

LBRY Inc., a blockchain publishing platform, has revealed that it is shutting down its operations. Overwhelming debts owed to the U.S. Securities and Exchange Commission (SEC), its legal team, and private creditors. The statement from LBRY Inc. is clear and direct: “LBRY Inc. must die, there is no escaping this.” The company has faced a judgment against it by the federal government and carries debts amounting to several million dollars, leaving them with no other option but to cease their activities. While the company is shutting down, the LBRY blockchain itself will continue to exist. This blockchain, which hosts over

Uniswap Adopts Swap Fees to Drive Expansion
9 months ago 1 min read

Uniswap Launches Swap Fees to Support Expansion

Uniswap, the decentralized crypto exchange (DEX), has made a significant announcement. Starting tomorrow, the platform will introduce trading fees on specific tokens, set at 0.15% per trade. This marks a shift from Uniswap’s historically feeless approach. Uniswap Labs CEO Hayden Adams took to Twitter to share this update, emphasizing that these fees are a strategic step to support the sustainable development of the company. Uniswap Labs is the creator of the widely-used decentralized exchange protocol Uniswap, which, until now, has been known for its fee-free nature. It’s important to note that these introduced fees will be applicable only to trades

SunMoney Solar Group distinguishes itself through its innovative business model that intertwines the renewable energy sector with blockchain.
9 months ago 7 mins read

Optimisus – Interview – SunMoney Solar Group

SunMoney Solar Group, a pioneering force in the renewable energy sector with blockchain technology, made waves at this year’s Blockchain Economy Summit Dubai. The event provided invaluable insights and opportunities for the company, and we had the privilege of interviewing Peter Bahorecz, Chief Networking Officer at SunMoney Solar Group. Bahorecz shared exciting developments about their Community Solar Power Plant Program, which has already brought together over 50,000 members spanning 60 countries. 1: Can you elaborate on how the SDBN tokens, backed by solar power production capacity, contribute to the uniqueness of SunMoney Solar Group’s business model? SunMoney Solar Group distinguishes

Arkham Intelligence has recently announced its support for Flare
9 months ago 1 min read

Arkham Intelligence Expands by Adding Support for Flare Blockchain

Arkham Intelligence has recently announced its support for Flare, a blockchain designed to offer developers efficient and cost-effective access to various distributed data sources. This collaboration opens up opportunities for Flare users to leverage Arkham’s tools and platforms for enhanced insights into network data and on-chain analytics. Flare’s CEO, Hugo Philion, highlighted the importance of providing network builders and participants with robust analytics tools to make data-driven decisions, emphasizing that Flare is optimized for decentralized data acquisition. Arkham Intelligence plays a crucial role in enhancing transparency within the cryptocurrency industry by using its AI engine, ULTRA, to link crypto addresses

Shanghai has released a plan outlining its blockchain development goals up to 2025 as part of its continued efforts to embrace web3
9 months ago 2 mins read

Shanghai Reveals Blockchain Initiatives for Trade, Metaverse, and Efficient Government Operations

Shanghai has released a plan outlining its blockchain development goals up to 2025 as part of its continued efforts to embrace web3 technologies. Under this plan, Shanghai aims to achieve significant advancements in various aspects of blockchain technology. These include enhancing blockchain system security, developing cryptographic algorithms, creating specialized processors for blockchain, improving smart contracts, advancing cross-chain capabilities, upgrading storage solutions, enhancing privacy computing, and strengthening regulatory frameworks, according to a statement from the Shanghai municipal government. These technological advancements are expected to support the construction of a municipal blockchain basic service platform and foster growth in critical sectors such

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