Blockchain News

Cardano ecosystem’s much-awaited Chang Upgrade went live

September 2, 2024 1 min read

The Cardano ecosystem has launched the Chang Upgrade, a significant update that will transform key aspects of the network. The upgrade, which has been delayed, will bring governance rights for token holders and enable decentralized governance within the network. This will allow token holders to elect governance representatives and vote for future developments. Cardano’s upgrade is an important milestone as it brings token holders onto its own Decentralized Autonomous Organization

TON Blockchain experiences a major outage, halting block production for over seven hours

August 28, 2024 1 min read

The Telegram Open Network (TON) encountered a substantial interruption, resulting in the cessation of block production for a duration exceeding seven hours. This occurrence has sparked apprehension regarding TON’s capacity to manage heavy traffic and uphold stability. The disruption commenced at approximately 22:11 UTC and is particularly worrisome due to the ongoing nature of blockchains, resulting in transaction delays and heightened security vulnerabilities. The primary reason for the downtime seems

Binance to support the Polygon (MATIC) token swap to Polygon (POL), delisting existing pairs

August 28, 2024 5 mins read

Binance will support the Polygon (MATIC) token swap to Polygon (POL) from 2024-09-10 03:00 (UTC) and will delist all existing MATIC spot trading pairs and cancel all pending MATIC spot trading orders. At 2024-09-13 10:00 (UTC), Binance will open trading for the POL/BNB, POL/BRL, POL/BTC, POL/ETH, POL/EUR, POL/FDUSD, POL/JPY, POL/TRY, POL/USDC, and POL/USDT trading pairs. Deposits and withdrawals of MATIC tokens will be suspended at 2024-09-10 03:30 (UTC), and Binance

Cardano (ADA) delays its Chang hard fork to September 1

August 26, 2024 1 min read

Cardano has rescheduled its Chang hard fork to September 1, shifting the original date from August 27 in order to provide additional time for exchanges and decentralized apps to make necessary preparations. Intersect’s announcement guarantees that the ecosystem is completely prepared for this important update, marking a significant milestone in Cardano’s progression into the Voltaire era. The upgrade will introduce improved community governance and smart contract functionalities, with a focus

Sony introduces Soneium, a new Ethereum layer-2 blockchain

August 23, 2024 1 min read

Sony Group has collaborated with Startale to launch Soneium, a public Ethereum layer-2 blockchain, as a means to extend its presence in the blockchain industry. Soneium’s objective is to enhance the accessibility of Web3 technologies and seamlessly incorporate them into everyday applications, providing users with the benefits of blockchain. Soneium, created by Sony Block Solutions Labs, integrates Web3 (blockchain) with Web2 (conventional internet services) to streamline blockchain utilization and tackle

Tether to Integrate USDT Into the Aptos Network

August 19, 2024 1 min read

Tether has integrated with Aptos blockchain, allowing users to transact with USDT at a lower cost compared to more expensive networks like Ethereum. Aptos, co-founded by former Meta engineers Mo Shaikh and Avery Ching, aims to offer a scalable, efficient, and user-friendly infrastructure for decentralized applications and smart contracts. USDT’s supply has primarily grown in Tron and Ethereum, with current supplies of $60.82 billion and $52.99 billion, respectively. Other networks,

Over 25,000 Arbitrum DAO participants approve ARB staking proposal

August 16, 2024 1 min read

The Arbitrum Decentralized Autonomous Organization (DAO) has officially ratified a proposal aimed at augmenting the functionality of the ARB token and fortifying the security of governance processes. The proposal, endorsed by 91% of more than 25,000 participants, will enable ARB token holders to stake and delegate their tokens in return for a liquid staked ARB token (stARB). This new currency will serve as a representation of their ownership and allow

Binance Labs leads a $43 million investment in Sahara AI

August 15, 2024 2 mins read

Binance Labs, the investment division of Binance, has spearheaded a $43 million Series A funding round for Sahara AI, a business specializing in decentralized artificial intelligence (AI). Binance Labs’ investment underscores the increasing convergence of AI and blockchain technologies, showcasing their strong confidence in Sahara AI’s capacity to stimulate innovation in the industry. Although Sahara AI is a recent participant, it has already formed partnerships with prominent technology companies such

Cardano’s user base experiences a lack of growth in the past year

August 14, 2024 2 mins read

The adoption of the Cardano (ADA) network has reached a plateau, with no significant increase in its user base over the past year. According to data from IntoTheBlock, the number of Cardano addresses with a balance greater than zero has been relatively stable over the past year. This suggests that the Cardano network has faced challenges in attracting new users following the bear market in 2022. The lack of progress

BlackRock, the world’s largest asset manager plans to launch its own blockchain

August 14, 2024 1 min read

There are rumors that BlackRock, the largest asset manager globally with $10 trillion in assets under management, is contemplating the establishment of its own blockchain. This blockchain would be comparable to Coinbase’s Base Layer-2 network and aims to improve transparency, lower expenses, and make operations more efficient. Token Terminal has categorized crypto into three primary groups: conventional crypto assets such as Bitcoin (BTC), stablecoins like USDC, and tokenized assets like

The Aptos Foundation and OKX Ventures launch a $10 million fund to support blockchain projects

August 1, 2024 1 min read

The Aptos Foundation and OKX Ventures have joined forces to create Ankaa, a $10 million fund that will help projects on the Aptos blockchain that deal with decentralized banking, real-world assets, games, social platforms, and AI. The fund’s goal is to encourage growth and new ideas in the Aptos environment. However, the news has caused a big drop in Aptos’ native token, APT. It has gone from a high of

Vitalik Buterin is calling for a unique front-end experience, alongside ZK Proofs in Web3 socials

July 27, 2024 1 min read

Vitalik Buterin, the creator of Ethereum, is emphasizing the potential of Zero-Knowledge (ZK Proof) in improving privacy and scalability on social media platforms. ZK Proof is a cryptographic technique that enables verification while minimizing the disclosure of data. It is considered a significant advancement in decentralized social protocols that rely on privacy and trust. Buterin contends that distinct user interfaces are necessary for these social protocols, namely Farcaster and Flink,