Browsing:Blockchain News

3 days ago 1 min read

Russian bank Sber expands support for Ethereum and MetaMask

The biggest bank in Russia, Sber, has said that Ethereum and MetaMask will be supported on its own blockchain. The statement was made at the first ever global gathering of corporate blockchain industry participants, which was hosted by Sber Blockchain Laboratory. The updated features enable smart contracts and decentralized finance (DeFi) on Sber bank’s open-source blockchain. Smart contracts can be freely transferred between the two blockchains thanks to the platform. According to the announcement, “Sber’s blockchain platform lets participants issue tokens and create smart contracts. And integration with the bank’s information systems makes it possible for payments in smart contracts

Alibaba partners with Avalanche
3 days ago 1 min read

Avalanche blockchain to support Alibaba Cloud’s infrastructure services in Asia

Alibaba Cloud, a subsidiary of Chinese e-commerce giant Alibaba, has announced a cooperation with Avalanche blockchain to support the company’s Node-as-a-Service activities. Avalanche and Alibaba Cloud will collaborate to develop tools that will allow users to construct validator nodes on Avalanche’s public blockchain platform in Asia. The connection will allow Avalanche developers to use Alibaba Cloud’s plug-and-play infrastructure as a service to launch new validators. Developers who anticipate significant resource demands during peak hours can also take advantage of Alibaba Cloud’s computing, storage, and distribution services. According to the announcement, Avalanche hosts over 1,200 validators and processes over 2 million

Telegram usernames for sell
5 days ago 1 min read

Telegram sells $50 million in usernames

According to Telegram founder Pavel Durov, the company has sold more than $50 million in usernames. Telegram founder and CEO Pavel Durov claimed that in less than a month, the company sold $50 million in usernames on The Open Network, a blockchain developed by the company. In October, Telegram enabled users to purchase usernames for its app through a blockchain-based platform called Fragment. The platform allows interested parties to purchase available usernames and secure ownership on its “The Open Network” (TON) blockchain. When purchasing a domain name, users pay with the TON cryptocurrency, the network’s native asset. Fragment sales have

Cardano blockchain
2 weeks ago 1 min read

Cardano parent company launches a privacy-focused blockchain and token on Cardano network

Input Output Global Inc. (IOG), the company behind the Cardano blockchain, announced the launch of a new data-protection and privacy-centric blockchain and accompanying token on Friday at an event at Edinburgh University in Scotland. The blockchain, dubbed “Midnight,” is one of the Cardano sidechains that will offer zero-knowledge smart contracts, which will allow parties to complete transactions without disclosing any identifying data to each other. “Dust” will be the name of the accompanying token. According to Hoskinson, the blockchain will balance user privacy while granting authorities access to the system if permission is granted. Hoskinson, referring to existing privacy-centric blockchains

UAE blockchain
3 weeks ago 1 min read

The UAE regulator adopts blockchain technology to save time and money

While introducing blockchain technology for commercial courts, ADGM Courts CEO Linda Fitz-Alan stated that the company’s goal is to “massively transform the delivery of judicial services.” A judicial authority established by a Federal Decree of the United Arab Emirates (UAE) has adopted blockchain technology to save time and money in the enforcement of commercial judgments. ADGM Courts, an authority that supports the financial regulator Abu Dhabi Global Markets (ADGM), has implemented blockchain technology to help the parties in the judicial process save significant time. Commercial judgments entail assessing various financial risks and dealing with business commercial issues. Digitization via blockchain

The Federal Reserve Bank of New York
3 weeks ago 1 min read

The Federal Reserve Bank of New York has begun a CBDC pilot program

The conundrum surrounding cryptocurrency is growing, and the use of “Central Bank Digital Currency” (CBDC) is spreading to more countries. To that end, New York has now been added to the list of well-known states that have launched CBDCs. The Federal Reserve Bank of New York’s Innovation Center, also known as NYIC, announced the launch of a 12-week proof-of-concept (PoC) project for a CBDC. The regulated liability network pilot program will investigate the potential of an interoperable digital currency system (RLN). The New York Innovation Center’s Director, Per von Zelowitz, stated that the NYIC looks forward to collaborating with members

Solend Solana based blockchain
4 weeks ago 1 min read

Solend is at risk of incurring bad debt as a result of a large lending position that is now underwater

A significant lending position on the Solana-based lending platform Solend is now underwater, but infrastructure issues are preventing it from being liquidated properly. As a result, the protocol risks incurring bad debt. The loan is part of Solend’s primary lending pool. A 50% drop in the price of Solana (SOL) in the last three days has reduced the value of the collateral used for the loan. Under normal circumstances, other market participants would have liquidated the loan. However, the platform has encountered Oracle issues related to network congestion, frustrating these efforts. This loan is held by a large user who

Spana decentralized search engine
4 weeks ago 1 min read

A decentralized search startup Sepana raises $10 million in funding round

Sepana, a decentralized search startup, closed a $10 million funding round. The $10 million funding round was led by the venture capital firms Hack VC and Pitango First, according to decentralized search startup Sepana, which made the announcement today. In the startup’s funding round, Protocol Labs, Lattice Capital, and Balaji Srinivasan also participated. Daniel and David Keyes, two brothers, founded Sepana, which aims to increase the discoverability of web3 content like DAOs and NFTs through its search tooling. A future web3 search API that aims to make it possible for any decentralized application (dapp) to integrate with its search infrastructure

Solana SOL coin
4 weeks ago 1 min read

Co-founder of Solana discusses the trustworthiness of the blockchain

Anatoly Yakovenko, co-founder of Solana, stated that the ten partial or complete outages and lengthy block times that the blockchain experienced in 2022 are not the experience that they want to deliver. Yakovenko claims that while network outages and reliability problems plagued the network over the past year, recent updates will help the blockchain’s reliability problems. On November 5, Yakovenko spoke about the blockchain’s past and future in Lisbon, Portugal, at the Breakpoint 2022 annual conference, pointing out challenges the network has recently faced. He said, “We’ve had a lot of challenges over the last year, I would say this

Google Cloud become Solana Validator
4 weeks ago 1 min read

Google Cloud partners with Solana to become a validator

Google Cloud will become a Solana validator and will include the network in its Blockchain Node Engine and BigQuery services. Google Cloud has launched an innovative collaboration with Solana. One of the world’s top cloud service providers will join the Solana network and incorporate Solana into its diverse range of products and services. The company stated that it will run a Solana validator that generates blocks, allowing it to participate in and validate the Solana network. In addition to becoming a validator, Google Cloud has been collaborating with Solana to introduce its Blockchain Node Engine to the Solana ecosystem. The

vitalik-Buterin-ethereum updated roadmap
1 month ago 1 min read

Vitalik Buterin reveals an updated Ethereum roadmap

Vitalik Buterin, the co-founder of Ethereum, has amended the project plan to incorporate a new phase named “The Scourge.” The previous 5-phase Ethereum plan, which details how the network will attain scalability, was improved by the update posted on Twitter. Buterin said that the new roadmap includes a “more explicit role for quantum-proofness as a necessary component of the “endgame” protocol” and “more concrete milestones for each category.” The Merge, Surge, Scourge, Verge, Purge, and Splurge are the six phases of the upgrade. The move to the proof-of-stake (PoS) consensus mechanism kicked off the Merge in September. However, the second

Cardano Smart contact app builder
1 month ago 1 min read

Cardano users can create smart contracts via App

Cardano users can now create smart contracts using the Cardano Babbage v5.0.0 app, according to Ledger, a blockchain application provider. The application can now be downloaded from Ledger Live. Cardano Babbage v5.0.0 generates smart contracts with Vasil’s upgraded Plutus script. However, before downloading the app, users must ensure that they are running the most recent version of the Ledger Live app as well as the most recent firmware on their Ledger wallet. Furthermore, contrary to the Cardano v4 app, Ledger Live does not currently support the Babbage App. As a result, it can only be used with third-party apps such