Browsing:Blockchain News

Solana blockchain network suffers another outage, SOL price dropped
3 weeks ago 1 min read

Solana blockchain network suffers another outage, SOL price dropped

There is currently an outage on the Solana blockchain network, which is the 11th in the last two years. According to the most recent updates, block advancement has stopped, and Solana’s (SOL) mainnet beta has not been operational for roughly two hours. Two well-known block explorers, Solscan and OKLink, first reported that there weren’t many new transactions on the network, which led to the discovery of the issue. The most recent transaction was recorded at 9:52 a.m. UTC. Upbit, a crypto exchange, announced that it would not be taking any more SOL or other token deposits or withdrawals, citing ongoing

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap
4 weeks ago 1 min read

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap

Jupiter, a decentralized exchange (DEX) operating on the Solana blockchain, has made waves by achieving an impressive $480 million in trading volume within 24 hours. Notably, the surge in activity propelled Jupiter ahead of Ethereum’s Uniswap, surpassing its trading volume by $10 million, according to data reports. A significant catalyst for this surge was the introduction of “Wen,” a new memecoin distributed via an airdrop on the Jupiter platform. The airdrop was aimed at Solana users who had interacted with Jupiter DEX within the previous six months, as well as owners of Solana Saga phones. Wen’s creation serves as an

The Solana Foundation
1 month ago 1 min read

Solana Foundation Launches Token Extensions to Boost Advanced Functionality

The Solana Foundation, a non-profit organization dedicated to decentralization on the Solana network, has launched token extensions. This innovative offering aims to provide developers, enterprises, financial institutions, and Solana-native development teams with a comprehensive set of turnkey solutions for advanced token capabilities. On January 24, Solana announced the launch of token extensions, which marked a significant milestone in the company’s commitment to promoting decentralization, adoption, and security. Anatoly Yakovenko, co-founder of Solana and CEO of Solana Labs, expressed enthusiasm for the new development. He stated that token extensions enhance Solana’s unique features, making it an ideal platform for developers. According

Uniswap Labs released a new security feature known as Permit 2.
1 month ago 2 mins read

Uniswap Labs releases a new security feature known as Permit 2

On January 18, Uniswap Labs, the developer of the popular decentralized exchange (DEX) Uniswap, released a new security feature known as Permit 2. This development aims to address the critical “infinite token allowances” vulnerability, which poses a potential risk to user funds. By introducing Permit2, Uniswap Labs hopes to improve user protection and control over digital assets. In the context of decentralized finance (DeFi), “token allowance” refers to a permission mechanism that users grant to smart contracts, granting them access to tokens. This permission is required for users to interact with different decentralized applications (DApps), such as decentralized exchanges and

Worldcoin Project Launches Orb Verification in Singapore
2 months ago 1 min read

Worldcoin launches Orb in Singapore for verification purposes

Singaporeans can now use the Orb, a specialized hardware device introduced by the Worldcoin project, for verification purposes, marking a significant step toward global proof of personhood. As part of the project’s cryptographic initiatives, the Orb plays a critical role in improving identification verification. The Orb is a hardware device introduced by the Worldcoin project to streamline and improve identification verification processes. This device represents a significant advancement in the global movement for proof of personhood, offering users a secure and efficient method of verification. The accessibility of the Orb follows the December release of the Worldcoin iris recognition pipeline,

Binance crypto exchange has launched the Sleepless AI project on its Launchpool
2 months ago 2 mins read

Binance Unveils Sleepless AI: AI Gaming on Blockchain

Binance crypto exchange has launched the Sleepless AI project on its Launchpool—a one-of-a-kind Web3 and artificial intelligence (AI) gaming platform that offers users a novel way to stake and farm tokens. The Sleepless AI staking webpage will go live on December 28, 2023, 24 hours before the launchpool begins. Token farming participants can stake BNB, FDUSD, and TUSD in a dedicated pool. The much-anticipated $AI tokens, which will be native to the Sleepless AI platform, are set to go live at 18:00 on January 4, 2024. AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY are some of the $AI trading pairs.

Ultra to Launch First Resalable Tokenized PC Game
3 months ago 1 min read

Ultra to Launch First Resalable Tokenized PC Game: Josh Journey

Ultra, a PC marketplace catering to both blockchain and traditional “Web2” video games, is set to introduce a groundbreaking feature—launching the first digital PC game that can be resold to other users via a tokenized license. The feature will debut with the game “Josh Journey: Darkness Totems,” a beat-’em-up title developed by Provincia Studio. Notably, this move aligns with Ultra’s commitment to creating a platform where users can legally resell digital games, offering developers a share of the resale price. Scheduled for launch on Wednesday, the feature will enable users to list Josh Journey for resale on Ultra’s secondary marketplace,

Immutable will use Transak as its exclusive payment service provider for the zero-knowledge Ethereum Virtual Machine (zkEVM).
3 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.
3 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
3 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
4 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
4 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