Browsing:Blockchain News

The Reserve Bank of India, the central bank of India, will soon start the launch of its CBDC, the Central Bank Digital Currency.
2 years ago 1 min read

The RBI of India will soon begin a CBDC pilot program.

The Reserve Bank of India, the central bank of India, will soon start the launch of its CBDC, the Central Bank Digital Currency, which is intended for specific use cases. According to the Reserve Bank of India, “multiple technological options will be tested, and the final architecture will be chosen based on the results.” A report titled “Concept Note on Central Bank Digital Currency” was recently released by the central bank of India. It was a 51-page document that discussed the goals, options, advantages, and risks of India’s Central Bank Digital Currency (CBDC) issuance. India has long considered the advantages

Dapper Labs
2 years ago 3 mins read

Dapper Labs has been ordered by EU law to impose the restrictions on Russian accounts

Dapper Labs, have suspended Russian accounts, following the implementation of new sanctions by the European Union (EU) against Russia and its citizens. The Dapper team explained that their company has been ordered by EU law to impose the restrictions on Russian accounts because its “payment processing and stored value service partner is subject to EU regulations.” The most recent round of EU sanctions against Russia were announced on October 6, and they completely forbid the provision of crypto wallets, accounts, and custody services, regardless of the total value of the assets. In response to the announcement of the sanctions, Dapper

Despite poor market conditions, Ripple has been able to continue its hiring drive with a plethora of new job positions.
2 years ago 1 min read

Ripple continues hiring despite the poor market conditions

Despite poor market conditions, Ripple has been able to continue its hiring drive with a plethora of new job positions. The new employee of Ripple will oversee the company’s websites as a design and marketing department member. This person will be in charge of directing technological choices and putting various plans into action. The job description specifies that the applicant must have an in-depth understanding of web development. Additionally, he or she should possess “excellent leadership and communication skills” and be able to oversee a team of in-house front-end engineers. In contrast to many other cryptocurrency businesses that have been

FTX and Visa
2 years ago 1 min read

FTX and Visa to enable crypto payments in 40 nations

FTX exchange announced that it would launch a debit card in collaboration with payment giant Visa. The FTX token increased by more than 7% following the announcement. One of the biggest cryptocurrency exchanges in the world, FTX, teamed up with payments giant Visa to introduce debit cards in 40 nations around the world. With this partnership, FTX users would be able to pay for goods and services with “zero-fee” debit cards. Additionally, the company noted that owning a card is free. Note that Sam Bankman-Fried, founder of FTX, has long expressed a desire to introduce an FTX debit card. His

September 30, at around 22:41 UTC, the Solana Mainnet Beta cluster came to an end because the network was unable to recover from a fork
2 years ago 1 min read

The most recent outage on Solana was caused by a bug in the code and a broken node

On Friday, September 30, at around 22:41 UTC, the Solana Mainnet Beta cluster came to an end because the network was unable to recover from a fork brought on by a flaw in the implementation of the consensus algorithm. A validator operates a hot-spare node, which is a second node that is active and intended to be used as a backup in the event that the primary one fails. However, a Solana Foundation update revealed that the backup node had been turned on and was functioning equally well as the primary one. As a result, the two nodes sent the network separate

A statement from Lido Finance says that the largest Ethereum staking service is now available on Layer-2.
2 years ago 1 min read

Lido, the largest Ethereum staking service, launches on optimism and L2 arbitrum

A statement from Lido Finance says that the largest Ethereum staking service is now available on Layer-2. On October 6, the development was announced via a tweet from the team, who stated that they had been working towards “a full L2 roll-out to support the expansion of Ethereum while providing access to unique strategies possible through liquid staking.” With token bridging to the well-known Ethereum scaling solutions Arbitrum One and Optimism, Lido now permits ETH staking directly on Layer-2. The development team added that Phase 1 of the roll-out will “direct wstETH bridging to Arbitrum One and Optimism, maintaining the

Shortly after an attacker drained 2 million BNB from the cross-chain bridge, the BNB Smart Chain resumed its operations.
2 years ago 1 min read

Binance’s BSC bridge is back after the 2M BNB exploit

A message verification flaw in the BSC bridge was exploited by the attacker to transfer 2 million BNB, or about $590 million, into the Venus protocol. Shortly after an attacker drained 2 million BNB from the cross-chain bridge, the BNB Smart Chain resumed its operations. After a hacker moved about 2 million BNB, or about $590 million, to a Tether-blacklisted wallet on October 6, Binance announced the suspension of deposits and withdrawals from its BNB chain. BNB chain validators shut down native cross-chain communication as they upgraded their nodes. The upgrade’s goal was to prevent the hacker from doing more

MakerDAO
2 years ago 1 min read

MakerDAO, a pioneer in DeFi plans to inject $500 million worth of its DAI for use in bonds and treasuries

MakerDAO, a pioneer in decentralized finance, will convert up to $500 million worth of its DAI stablecoin for use in bonds and treasuries. On October 6, Maker Governance carried out the decision to diversify the protocol’s holdings. The money will be invested in investment-grade corporate bonds and short-term US Treasury bonds, which have historically been safe haven assets during turbulent economic times. The allocation of DAI will, in MakerDAO’s words, “promote the usability of digital assets in the traditional space, extending DAI’s influence beyond crypto,” the company claims. A first vote was held in June, and DeFi asset advisor Monetalis

BNB Chain hacked for over $570 million
2 years ago 1 min read

Over $572 million worth of $BNB was recently hacked from BNB Chain

According to a blockchain developer, the attack may have been “either the first or second greatest hack of all time.” Today, the Binance blockchain, also known as the BNB Chain and the Binance Smart Chain, was shut down after a rise in “irregular activity” revealed a potential network vulnerability. At 2:19 AM Dubai time, BNB Chain tweeted the initial notification that the BSC network would be temporarily suspended. Peckshield Inc., a blockchain security and data analytics startup, tweeted on-chain analytics that revealed the network had experienced an exploit, with thieves stealing about two million BNB, the chain’s native token, valued

Telegram Wallet Bot now enables Telegram users to buy digital assets using bank cards, trade them, and send them to other wallets.
2 years ago 2 mins read

Telegram wallet now allows users to exchange crypto with each other

A peer-to-peer cryptocurrency exchange has been developed by the developers of the Telegram Wallet Bot, which enables Telegram users to buy digital assets using bank cards, trade them, and send them to other wallets. Toncoin (TON) purchases and transfers within Telegram chat conversations now are possible thanks to the Wallet Bot, which has been released in April. With the most recent version, users will be capable of buying and selling cryptocurrencies via the Telegram app, with the exchange services functioning as guarantors for each transaction. The service will conduct a dispute resolution procedure in any scenario in which there is

The dates for the sale of the platform's assets have been set by the bankrupt cryptocurrency lending company Celsius Network Ltd.
2 years ago 1 min read

Celsius, a bankrupt crypto lender, announces the dates of its assets auction

The dates for the sale of the platform’s assets have been set by the bankrupt cryptocurrency lending company Celsius Network Ltd. The last bid deadline for Celsius will be on October 17 at 4 p.m., and if an auction is necessary, it will take place on October 20 at 10 a.m., according to a filing that was made with the United States Bankruptcy Court for the Southern District of New York on Monday, October 3. The filing states that a hearing regarding the sale will be held on November 1 at 11 a.m. via Zoom before Chief US Bankruptcy Judge

The 5,000 BTC ($96 million) milestone capacity for the Bitcoin Lightning Network has already been reached. In practice, as long as Bitcoiners continue to support the network's development, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide.
2 years ago 2 mins read

Bitcoin Lightning Network capacity strikes 5,000 BTC

The Lightning Network, the layer-2 payments system for Bitcoin (BTC), is still thriving in spite of macroeconomic headwinds and sluggish price action. The 5,000 BTC ($96 million) milestone capacity for the Bitcoin Lightning Network has already been reached. In practice, as long as Bitcoiners continue to support the network’s development, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide. The amount of available liquidity grows as network capacity increases. Users may thus enjoy quick payment processing times and possibly higher transaction volumes. The Lighting Network, which was initially introduced in 2018, has recently faced criticism. Influential

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