Browsing:Blockchain

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

CryptEye, a cryptocurrency analytics website, reported that an unidentified whale purchased 70,86 billion Shiba In (SHIB) worth $730,000 on October 10.
2 years ago 1 min read

Shiba Eternity Game is currently available on Android and iOS

After initially debuting in Australia and Vietnam, the eagerly anticipated Shiba Inu card collectible game is now accessible worldwide. An official announcement states that Shiba Eternity, the collectible card game featuring Shiba Inu, is now available worldwide on both Android and iOS devices. Lead developer Shytoshi Kusama claims that he will concentrate on completing a thorough players’ manual for the game. During the testing phase, some Shiba Inu fans had the chance to play the game in Australia and Vietnam. The community members are occupied downloading and reviewing the app now that the game is accessible to everyone in the

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

Three Arrows Capital fund moves over 300 NFTs to a new address
2 years ago 1 min read

Over 300 NFTs are relocated to a new location by the Three Arrows Capital (3AC)

Numerous NFTs have reportedly been transferred from the 3AC-linked fund to a Gnosis Safe address. According to blockchain service provider Nansen, approximately 300 non-fungible tokens (NFTs) have left Starry Night Capital, an NFT-focused fund established by the co-founders of the now-defunct hedge fund Three Arrows Capital (3AC). Su Zhu, Kyle Davies, and NFT collector Vincent Van Dough under the alias of Su Zhu and Kyle Davies launched The Starry Night Capital last year. At the time, the fund intended to invest only in “the most coveted” NFTs available. On October 4 on Twitter, blockchain data company Nansen highlighted that the

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

Binance
2 years ago 2 mins read

Binance signs MoU with Kazakhstan to fight financial crime

As part of its global law enforcement training program, the cryptocurrency exchange Binance has entered an agreement with the Financial Monitoring Agency of the Republic of Kazakhstan. The conference, which is attended by executives of international regulatory and law enforcement agencies, aims to improve industry collaboration with local, state, and federal law enforcement in the fight against financial crime and cybercrime. The program also aims to locate and ban digital assets that have been illegally acquired and were being utilized to finance terrorism and money laundering. As one of the top countries for mining Bitcoin (BTC), Kazakhstan has started developing

Cryptocurrencies trading
2 years ago 1 min read

Why Trade Cryptocurrency?

Cryptocurrencies are becoming a significant part of an investor’s portfolio, and there are several reasons why trade cryptocurrency:  1. Market hours for cryptocurrencies Due to the lack of centralized market administration, the cryptocurrency market is typically open for trading every day of the week, all year round.  2. Better liquidity A cryptocurrency’s liquidity is determined by how quickly and easily it can be exchanged for cash without affecting its market value. Because it results in better pricing, quicker transaction times, and more technical analysis accuracy, liquidity is significant. 3. Exposure with leverage As a leveraged product, crypto derivatives and leverage

Crypto Trading
2 years ago 2 mins read

How to make money trading crypto?

Whenever an investor or a trader buys cryptocurrencies, they not only earn from the price appreciation but also get access to the platform’s utilities. For instance, Ether is traded on crypto exchanges and used to pay transaction and gas fees on the Ethereum blockchain.  Cryptocurrency markets offer numerous ways for traders to make money trading crypto in both bull and bear markets. Traders sell high and buy low to make profits. Or go long in bull markets and go short in bear phases to earn from the price fluctuations. Traders can also enter leveraged positions and earn profits by investing