abi
DelMonte Adopts Blockchain-Powered Traceability Solutions for Quality Assurance
To render innovative and best-in-class solutions to its products and services, Fresh Del Monte Produce has invested in Jordanian and UK-based startup Decapolis for blockchain-enabled traceability solutions.
Blockchain Enhances Traceability of Organic Cotton from Farm to Consumer
Fashion for Good, PVH Corp, C&A Foundation & Organic Cotton Accelerator, Bext 360, and Zalando have successfully collaborated on a blockchain pilot project that traces organic cotton from farm to consumer.
Australian Farmer Teams Up with FreshChain for Watermelon Traceability via Blockchain
Andrew Martens, an Australian owning Marto Farms, has joined hands with Fresh Chain Systems, a local tech firm, in deploying blockchain technology on his watermelon labels to propel traceability. Buyers across Australia will, therefore, be able to trace the originality of the fruit.
Ethereum to Undergo 4 Phases to Tackle the Scalability Issue after Merge
Since the Merge is the first step toward solving the scalability trilemma, Ethereum will have to undergo four more steps to solve this issue.
Exclusive: How to Achieve Interoperability Between Polkadot and Bitcoin?
Claimed as the candidate of Decentralized Web 3.0 Blockchain interoperability platform, what makes Polkadot so popular? We are glad to speak with Jack Platts, Head of Collaborations of Web3 Foundation to share with us how Polkadot is interoperable with Bitcoin! He also explains the GRANDPA protocol of Polkadot and how Polkadot can interact with Ethereum!
Is Blockchain’s Immutability the Holy Grail for Logistics?
The logistics industry can leverage on blockchain’s immutability in propelling order tracking, administrative efficiency, and dispute resolution.
DCG Completes Payment of Short-Term Debts to Dissolved Crypto Lender Genesis
Digital Currency Group paid up all short-term loans to Genesis, a previous bitcoin lending platform, as promised. DCG repaid $700 million in 2023 despite crypto sector woes. Genesis filed for bankruptcy in early 2023 after a withdrawal halt due to obligations of over $3.5 billion to its principal creditors. The bitcoin market is changing significantly with this development.
Haru Invest Addresses Rehabilitation Procedures and Asset Distribution Concerns
On Aug 6, Haru Invest clarified court rehabilitation procedures and asset distribution plans, following legal challenges and member concerns.
Bitcoin is 57,000 Times Less Environmentally Friendly Than the "Green Cryptocurrency" XRP, Says Ripple
Ripple claims that its cryptocurrency, XRP, is 57,000 times more environmentally friendly than the largest cryptocurrency, Bitcoin. According to Ripple’s blog post, the firm criticizes Bitcoin’s consensus mechanism, proof-of-work (PoW), as a major issue contributing to the vast amounts of energy consumed for validating and processing transactions on the network.
$1.7 Billion Rehabilitation Plan for Mt. Gox Hack Victims Shelved Until December
Victims of the now non-defunct crypto exchange Mt. Gox will have to wait on their refund following a 2014 hack, which triggered the loss of over 150,000 Bitcoin.
Abu Dhabi Global Market to Permit Licensed Exchanges Trade NFTs
The Abu Dhabi Global Market (ADGM) is building out a regulatory framework that may make trading platforms or exchanges that have licenses to operate within the free trade zone to trade NFTs.
Polygon Announces Beta Launch of Zero-Knowledge Ethereum Virtual Machine
Polygon's zkEVM Ethereum scaling solution will deploy on mainnet beta March 27.
Mastercard Unveils Interoperable CBDC in Australia
Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.
Arbitrum DAO Approves Additional Funding for STIP Proposals
Arbitrum Decentralized Autonomous Organization approves $23.4 million budget increase for STIP, supporting emerging builders and creating welcoming environment for new projects, raising total budget to 71.4 million ARB tokens.
Marathon Digital and Zero Two Partner for Abu Dhabi Bitcoin-Mining Facility
Marathon Digital Holdings and Zero Two have partnered to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi. The joint venture, based in Mina Zayed and Masdar City, will comprise two mining sites with a combined 250-megawatt capacity. Marathon and Zero Two plan to power the facilities with excess energy from Abu Dhabi’s grid.
Haru Invest Faces Rehabilitation Hearing; Hugo Lee Clears Air on Asset Distribution
Haru Invest CEO Hugo Lee has raised concerns over the company's corporate rehabilitation application, stating it doesn't represent all members' interests and doesn't benefit Haru Invest or the targeted entity. He plans to prioritize asset recovery from other management companies for member distribution.
Netherlands CBD Producers Harness Blockchain Technology for Enhanced Traceability
A consortium of Netherlands CBD producers called the Cannabinoid Association of the Netherlands (CAN) is leveraging blockchain technology to enhance traceability, accountability, and transparency in the CBD market.
Celestia's Core Values: Bridging Off-chain Governance with User-centric Network
Mustafa Al-Bassam delineates five core values for Celestia's social layer aimed at enhancing trust-minimization and user-centric network functionalities. These values include the primacy of off-chain governance, user elevation, credible neutrality towards execution environments, economic sustainability, and minimizing overhead and state bloat. The discourse provides a profound insight into Celestia's commitment to fostering a user-driven, trust-minimized blockchain network.
ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support
ZetaChain and Curve Finance have partnered to introduce native Bitcoin support for cross-chain swaps and omnichain asset pools, enhancing asset management efficiency across blockchains.
Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining
The use of volcano power to mine Bitcoin (BTC) in El Salvador was propelling the leading cryptocurrency’s quest to accelerate renewable energy development.
Reddit to Discontinue Blockchain-Based Community Points Program
Reddit is discontinuing its blockchain-based Community Points program due to scalability issues, moving towards more scalable rewards programs. Despite initial promise, high transaction fees and bandwidth limitations on Ethereum led to a transition to Arbitrum Nova in 2022. However, scaling challenges persisted, prompting the phase-out by early November 2021. The termination caused a significant drop in associated token values. Reddit now focuses on other community incentive programs like the Moderator Rewards Program and the Contributor Program.
Ethereum Layer 2s See Surge in Popularity in Q1 2023
Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.
ZeroSync to Bring ZK-Proofs to Expedite Bitcoin Validation
Swiss-based nonprofit, ZeroSync Association, is developing open-source tooling that enables users to validate the state of the Bitcoin network using zero-knowledge proofs (ZK-proofs) without downloading the entire blockchain. ZeroSync uses StarkWare's proprietary Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) validity proofs to generate succinct ZK-proofs for the Bitcoin blockchain, promising to overhaul the process of verifying the Bitcoin blockchain, which still requires node operators to download a large amount of data to synchronize the correct state of the Bitcoin network.
Venom Foundation and Hub71 Partner to Accelerate Growth and Adoption of Blockchain Technologies from Abu Dhabi
Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses.
Bitcoin Safe Haven Status Under Fire Following US Federal Reserve Rate Cuts to Combat Coronavirus Disruption
The reaction of the bitcoin market to the first rate cut from the Federal Reserve since December 2008, during the global financial crisis, is being carefully observed by the crypto community and may eventually reveal the cryptocurrency’s true nature.
Digital Euro May Have Transaction Limits for Retail Users
ECB Board member Fabio Panetta has hinted that the Digital Euro may come with a limit for individuals
Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030
VanEck's analysis suggests Solana could reach significant valuation by 2030 due to its technical innovations and user-focused applications. However, challenges like financial sustainability, technical stability, and developer adoption need to be addressed for this potential.
Terraform Labs Seeks Citadel Securities' Trading Data amid SEC Lawsuit
Terraform Labs has filed a motion against Citadel Securities seeking critical trading data for its defense in a lawsuit by the SEC. The case revolves around market destabilization allegations during the May 2022 Depeg event of TerraUSD stablecoin. The motion urges disclosure of trading strategies between March and May 2022, amidst indications of Citadel Securities' alleged intentions to short UST. Terraform Labs stresses the documents' importance in countering the SEC's fraud allegations, proposing a transfer to another court for a decision if necessary.
Vodafone DAB and Chainlink Labs Unveil Blockchain Solution to Streamline Global Trade
Vodafone's Digital Asset Broker and Chainlink Labs, in partnership with Sumitomo Corporation and InnoWave, have developed a proof of concept to improve the global trade ecosystem. The initiative aims to facilitate the seamless exchange of trade documents across various platforms and blockchains, reducing fragmentation and inefficiencies. The collaboration uses Chainlink's Cross-Chain Interoperability Protocol for security and interoperability, paving the way for smart contract, blockchain, and AI applications.
Blockchain Startup Agriledger Launches Ecosystem of Transparency and Opportunity For Haitian Farmers
UK Tech Startup, Agriledger has launched a blockchain ecosystem for Haitian farmers to add transparency to the supply chain and create fairer product pricing for suppliers and retailers.
Ethereum’s Zinken Testnet Launch Is a Huge Success, Buterin Says “Scalability Will Go Up” on Eth 2.0
Ethereum developers have finally achieved a successful testnet release with Zinken.
Telegram Hit With $18.5 Million SEC Fine and Set to Return $1.2 Billion to Investors as it Dissolves TON Project
Telegram will return $1.2 billion to investors and pay a fine of $18.5 million to the SEC as it dissolves TON network. But community members seek to revive the project.
Fantom (FTM) Foundation CEO Reveals Exciting Plans for Sonic's Launch and Future Development
Michael Kong, CEO of Fantom Foundation, has unveiled the highly anticipated launch of Sonic, a groundbreaking blockchain technology that promises unparalleled scalability and security. With plans to create a shared sequencer for L1 and L2 chains and introduce simplified staking and liquid staking support, the Fantom team is poised to revolutionize the world of blockchain. Stay tuned for more exciting updates and partnerships in the coming weeks.
Polygon Co-Founder Proposes zk-Powered ApeChain
A proposal for developing a dedicated Layer-2 chain, ApeChain, to support ApeCoin ecosystem’s growth was made within the ApeCoin DAO community by Sandeep Nailwal of Polygon Labs. The initiative aims to solve scalability issues and promote ApeCoin-integrated projects through a collaborative effort between ApeCoin DAO and Polygon Labs. Estimated at an annual cost of $200,000 funded by ApeCoin DAO, the proposal garnered support as well as raised concerns and queries from the community regarding its financial, technical, and strategic aspects.
NBA Sacramento Kings Leverage Blockchain for Authentic In-Game Gear Purchases
Sports teams continue to adopt and implement blockchain into their business models, helping fans and security.
Ethereum Devs Launch Spadina Testnet, What Needs to be Perfected for ETH 2.0?
Ethereum developers have launched a short-term testnet, dubbed Spadina, in preparation for Ethereum 2.0 mainnet.
SAMA is Ramping Up Its Research into Central bank digital currencies
SAMA is expanding its central bank digital currency study (CBDCs). Saudi Vision 2030 aims to diversify the economy, decrease oil dependency, and improve public services.
FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"
The Financial Stability Board (FSB) has announced its 2024 Work Programme, focusing on crypto regulation, AI, and digital innovation, aiming to enhance global cooperation and stability in finance.
WEF Launches Coalition to Deal with Climate Change through Web3.0
The World Economic Forum (WEF) has established a Crypto Sustainability Coalition to investigate the capability of Web3 in tackling climate change.
SlowMist Reports Surge in Diverse Crypto Security Incidents for the Week of September 17-23, 2023
SlowMist, a cybersecurity firm specializing in blockchain, released its weekly security report for the week of September 17-23, 2023. The report highlights a total of seven security incidents with an estimated loss of around $380,600. The week saw a significant rise in phishing attacks and rug pull tactics, as well as the emergence of diverse attack methods like DNS hijacking and contract vulnerabilities.
Ethereum's Dencun Upgrade: Catalyst for Ecosystem Expansion and Price Surge in 2024
The Ethereum network is poised for significant growth in 2024, thanks to the Dencun Upgrade, which aims to enhance network efficiency, scalability, and decrease transaction costs.
Vitalik Buterin Announces Ethereum's Upcoming Milestones: Verkle Trees and History Expiry
Ethereum's network takes a major leap in scalability with the completion of the "Basic rollup scaling" milestone, paving the way for verkle trees and history expiry.
Argentina's fan token drops 31% after losing against Saudi Arabia
Argentina's World Cup opener loss to Saudi Arabia hurt the FA Fan Token. ARG token was $7.21 before kickoff and $4.96 after. "The Saudis," a nonfungible token collection themed after Saudi Arabia, rose 52.6% to 0.3 ETH. Algorand is the first blockchain-based FIFA World Cup sponsor. CHZ has fallen 40% since FTX's insolvency news.
Euler Finance suffers $197M DeFi hack
Decentralized finance (DeFi) protocol Euler Finance lost nearly $197 million in a flash loan attack on March 13, impacting more than 11 other DeFi protocols. The vulnerability remained on-chain for eight months despite a $1 million bug bounty in place. Euler Finance disabled the vulnerable etoken module and vulnerable donation function, and has reached out to security firms and the ETH security community to help with the investigation and recover the stolen funds.
CertiK Outlines Mobile Blockchain Security Threats and Countermeasures
CertiK discussed security challenges of blockchain technologies on mobile platforms, including malware, insecure wallet apps, and network vulnerabilities, and provided countermeasures like reputable security solutions and regular updates.
New Wave of Green Energy Programs Influence Crypto Mining Sector
The mass exodus of crypto mining operations out of China based on intensified crackdowns has triggered the urge for sustainable and environmentally friendly mining activities.
Financial Stability Board Finalizes Global Crypto Asset Regulatory Framework
FSB finalizes a global regulatory framework for crypto assets, aiming for consistent regulation. The framework includes high-level recommendations for crypto-asset activities and stablecoins.
Europol Places Bitcoin Mixer Wasabi Wallet on its Radar for Promoting Dark Web Transactions
The general regulatory difficulty experienced by Bitcoin and altcoins lie in the skepticism of regulatory agencies due to their cryptographic nature. Transactions are generally obscured as privacy is the watchword. This creates a source of concern as the likelihood of the currencies being used in dark web transactions is high. Monitoring agencies have been able to fight this partly by ensuring companies or firms that will be involved with digital currencies adhere to some compliance clause.
Blockchain Unleashed at the United Nations General Assembly on the Global Crisis
Greta Thunberg, the 16-year-old has been on the headlines for the global climate crisis movement and has delivered a compelling speech at the 73rd United Nations General Assembly (UNGA).
Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions
Wintermute criticizes Near Foundation and Aurora Labs for failing to fulfill USN redemption commitments, resulting in significant unredeemed funds. Seeking legal recourse and remaining adversarial if resolutions fail.
Tether Criticizes UN Report for Overlooking USDT Traceability and Law Enforcement Collaboration
Tether rebuts a UN report accusing USDT of facilitating illicit activities, underscoring its traceability and law enforcement collaboration, and highlighting USDT's positive impact on developing economies.
FIFA Club World Cup 2023 Partners with Modex for Exclusive NFT Collection Launch
FIFA Club World Cup 2023™ combines football and digital tech with FIFA+ Collect's exclusive NFT series, partnering with Modex to enhance fan engagement and memorabilia experience.
Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium
Ant Financial, the parent company of AliPay, has launched OpenChain, a new blockchain platform that gives developers and small and micro enterprises (SMEs) the power to leverage the Chinese blockchain giant’s proprietary blockchain consortium and efficiently and cost effectively deploy smart contracts and create decentralized apps (DApps).
CFTC Report Underscores DeFi Risks and Calls for Action
The CFTC report on DeFi underscores significant risks to the U.S. financial system, national security, and consumer protection, emphasizing the need for increased understanding, regulation, and collaboration in the sector.
IMF Proposes Framework to Assess Crypto Asset Risks
The International Monetary Fund (IMF) has released a working paper that delves into the macrofinancial risks tied to crypto assets. The paper, part of the IMF's Working Papers series, proposes a framework aimed at aiding policymakers and regulatory authorities in understanding and tracking systemic risks from the crypto sector. This framework is crucial as traditional financial tools are not well-suited for assessing crypto-related risks.
Binance Announces System Upgrade for Improved Performance and Stability
Binance, one of the leading cryptocurrency exchanges, has announced a scheduled system upgrade to enhance overall performance and stability. During the upgrade, users may experience temporary disruptions in services such as new user registrations, logins, and trading. However, the exchange assures users that their funds will remain secure throughout the process.
US District Judge Rules in Favor of Custodial Arrangement for bZx DAO Members
A US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.
Celsius Crypto Lender's Bankruptcy: Large Withdrawals Clawbacks
Celsius Network is imposing bankruptcy proceedings on account holders with $100,000 or more liabilities, and is taking legal action against those who withdrew large amounts pre-bankruptcy.
Litecoin vs Ethereum: The 8 Differences that You Should Know
Litecoin and Ethereum have proven to be among the most fundamental digital assets in the crypto space. According to the Coin Market Cap, Ethereum is ranked the second most popular cryptocurrency after Bitcoin, whereas Litecoin is ranked seventh. Despite their popularity, their intentions are entirely different. It, therefore, becomes crucial to comprehend their unique aspects.
Alibaba Integrates New Blockchain System With its E-Commerce Platform to Enhance Traceability
Alibaba has recently announced its integration of a full-link traceability blockchain system into its import e-commerce platform, Kaola. The Chinese e-commerce giant has previously acquired NetEase’s Kaola cross-border e-commerce platform in September 2019 for $2 billion.
Tether's Financial Triumph: Record $2.85B Q4 Profit and Strategic Asset Growth
Tether Holdings Limited reported a Q4 2023 profit of $2.85 billion, boosted by US Treasuries, Gold, and Bitcoin reserves, and a net profit of $6.2 billion, showcasing strong financial health.
Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition
Hive Digital Technologies acquires a data center in Boden, Sweden, enhancing its Bitcoin production and affirming its commitment to green energy and AI.
Ripple Co-Founder Proposes Alternatives to Proof-of-Work Model to Make Bitcoin More Sustainable
Many industry experts have addressed the issue of sustainability, and how the current Bitcoin network can be tweaked to achieve better energy efficiency.
ECB Officials Urges to Accept Digital Euro in Brick-and-Mortar Stores
Fabio Panetta, a member of the Executive Council of the European Central Bank (ECB), suggested that acceptance of the digital euro in brick-and-mortar stores, as well as online entities, would help promote the use of the fiat digital euro.
Cosmos Hub Votes to Reduce ATOM Inflation Rate to 10%
Cosmos Hub proposes reducing ATOM inflation rate from 14% to 10%, lowering annual staking yield from 19% to 13.4%, optimizing security expenses and introducing a liquid staking module.
Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy
Marathon Digital Holdings and Nodal Power are launching a 280 kW Bitcoin mining pilot project in Utah, converting harmful methane emissions into electricity for sustainable mining.
Russian Blockchain E-Voter Identities Can be Exposed Through Vulnerability
On the final day of Russia’s vote on the proposed constitutional amendments—a vulnerability in the blockchain-based system that allows user’s votes to be decrypted has been exposed by Russian media.
Unraveling ChatGPT Jailbreaks: A Deep Dive into Tactics and Their Far-Reaching Impacts
Exploring the intricacies of ChatGPT jailbreak strategies, this paper delves into the emerging vulnerabilities and the advanced methodologies developed to evaluate their effectiveness.
UK to Host First International AI Safety Conference in November
The United Kingdom is set to host the world's first international conference on AI safety on November 1-2, 2023. The summit aims to position the UK as a mediator in tech discussions between the US, China, and the EU. Prime Minister Rishi Sunak will host the event at Bletchley Park, featuring notable attendees like US Vice President Kamala Harris and Google DeepMind CEO Demis Hassabis. The conference will focus on the existential risks posed by AI, among other safety concerns.
Critical Security Vulnerability in OKX iOS App: CertiK's Urgent Update Advisory
CertiK issued a high-priority alert for OKX iOS app users, urging an immediate update due to a discovered critical RCE vulnerability that poses a serious threat to data and asset security.
Carrefour Shoppers in the UAE to Get Farm-to-Shelf Information with Blockchain Technology
Carrefour customers in the United Arab Emirates (UAE) will be able to track the origins of the products with blockchain technology.
Elon Musk Foresees an AI-Dominated Future, Believes China will Command Significant AI Capabilities
Elon Musk, CEO of Tesla, opened up about the future of artificial intelligence (AI) and autonomous driving during his virtual address at the World AI Conference in Shanghai on July 6, 2023.
Ethereum’s Transaction Volume Hits a 5-Month High
Despite Ethereum (ETH) correcting from the historic high of $4,860 attained recently, the second-largest cryptocurrency is still experiencing high transaction volume on its network.
Will DeFi Migrate to New Blockchain Platforms with the Surge in Ethereum Gas Prices?
The rise of DeFi in 2020 has made experts question whether Ethereum could sustain the sheer volume of transactions in the long run.
ZenGo uncovers dApp vulnerability
ZenGo has discovered a security vulnerability called the "red pill attack" in decentralized applications or dApps. The vulnerability allowed malicious dApps to steal user assets using opaque transaction approvals. Many leading vendors, including Coinbase Wallet, were vulnerable to such attacks. ZenGo found that developers took a shortcut in setting "Special Variables" to arbitrary values during simulation, leaving the simulation vulnerable to attack. ZenGo said the fix was straightforward and urged developers to populate vulnerable variables with meaningful values.
OKX Ventures Invests in Celestia Lab's Series B Funding for Modular Blockchain Development
OKX Ventures has invested in Celestia Lab's Series B funding round to advance the development of the first modular blockchain network, Celestia. This investment aligns with the growing trend towards modularity in blockchain technology, aimed at overcoming scalability issues inherent in traditional Layer-1 chains. The initiative also underscores OKX Ventures’ broader commitment to fostering blockchain innovation globally.
Abu Dhabi Women Set to Receive Free Crypto Domains to Expand Their Web3 Knowledge
To give women residing in Abu Dhabi the opportunity to expand their knowledge base and ultimately explore the Web3 world, Abu Dhabi Investment Office (ADIO) and Access Abu Dhabi have teamed up with NFT domain name provider Unstoppable Domains
NFL ALL DAY: Revolutionizing Sports Memorabilia Through NFTs
NFL ALL DAY merges NFL fandom with blockchain, offering a digital platform for collecting and trading NFL moment NFTs.
Biden-Harris Administration Secures AI Commitments from Major Tech Companies
The Biden-Harris Administration has secured voluntary commitments from eight more artificial intelligence (AI) companies to manage AI risks. The commitments emphasize safety, security, and trust, requiring AI products to undergo security testing, share information on risk management, prioritize cybersecurity, and develop mechanisms to inform users. The administration is developing an Executive Order on AI and pursuing bipartisan legislation to position America as a responsible AI developer.
Rogue Validator Outsmarts MEV Bots, Resulting in a $25 Million Loss
MEV bots attempting sandwich trades lost $25 million worth of digital assets to a rogue validator. The loss included Wrapped Bitcoin, USD Coin, Tether, Dai, and Wrapped Ether. Blockchain security firm CertiK explained that the attack was due to the centralization of power with validators, making them vulnerable to such attacks.
Binance Research: Ethereum's Roadmap for Scalability and Decentralization
Binance Research reports Ethereum's focus on scalability and decentralization, with Layer-2 solutions and Danksharding being key components. The transition to Proof-of-Stake in 2023 leads to a 257.7% increase in mainnet data publishing fees.
India's Largest Shipping Port Operator Adopts Maersk-IBM Blockchain Platform
In the latest development, India’s largest port operator announced on May 27 it is adopting blockchain technology through its shipping and invoicing business.
Sharding, pBFT and Linear Scalability - An Interview with Saiba Kataruka at Zilliqa
Saiba Kataruka is the Developer Market Lead at Zilliqa. He began his career as a consultant with IBM in the payment technology field for Asia and Europe. He joined Zilliqa based on his belief that blockchain and decentralization can improve the current social and financial structure.
BTC Mining Report Draws Criticism
The New York Times’ recent report on Bitcoin mining has been criticized by some BTC proponents for cherry-picking data and overstating the fossil fuel use of BTC miners. They also point out the increasing use of sustainable energy in the sector. Despite the debate on energy consumption, Bitcoin mining remains significant for blockchain security and decentralization.
Nigeria’s Unity Bank Collaborates with Binkabi for Blockchain-Based Agricultural Solutions
Nigeria's Unity Bank has partnered with Binkabi so that blockchain-based agricultural solutions can be availed in this nation.
RIFT Protocol Solves the Scalability Problems in Blockchain
RIFT Protocol is a potential solution that could make the scalability problem in blockchain market a thing of the past.
ECB Official Advocates Global Regulatory Approach on Digital Currencies
Fabio Panetta, a board member of the European Central Bank (ECB), does not want global regulators to permit the proliferation of digital currencies and their associated risks without curbing them.
Multicoin Capital invests in Wormhole to enhance crypto interoperability
Multicoin Capital leads $225 million funding round for Wormhole, a leading multichain solution with over $41 billion assets and 30 chains, focusing on user experience and zero-knowledge verification technology.
Singapore to Pump $8.9 Million Into National Blockchain Ecosystem
The Singaporean government has deployed a US$ 8.9 million national blockchain initiative dubbed the Singapore Blockchain Innovation Program (SBIP).
Deceptive AI: The Hidden Dangers of LLM Backdoors
Recent studies reveal large language models can deceive, challenging AI safety training methods. They can hide dangerous behaviors, creating false safety impressions, necessitating the development of robust protocols.
Coffee Origin Traceability Propelled by Blockchain App
The traceability of coffee origin is set to be propelled through blockchain technology. For instance, a blockchain-enabled app known as 'Thank My Farmer' seeks to avail information about this to various consumers, such as millennials.
Abu Dhabi-based Venom Foundation creates $1B Web3 and blockchain fund.
Abroad. Venom Foundation and Iceberg Capital announced a $1 billion agreement to finance Web3 and blockchain companies. Venom Ventures Fund will invest in payments, asset management, DeFi, and GameFi protocols and Web3 DApps. The investment fund will target entrepreneurs and IT companies to employ Venom's scalable, proof-of-stake blockchain system.
Utah Passes Law Recognizing Decentralized Autonomous Organizations
The Utah State Legislature has passed the Utah Decentralized Autonomous Organizations Act, providing legal recognition and limited liability to DAOs, also known as "Utah LLDs". The act defines ownership, protects anonymity, and introduces quality assurance protocols.
Solana Foundation Offers $400k Bounty for Critical Code Discovery
Jacob Creech announces a $400k bounty for discovering code that can halt Solana network, part of Solana Foundation's endeavor to ensure robust network security.
Blockchain Technology in the Healthcare Market Expected to Contribute $121Bn by 2030
Blockchain technology in the healthcare market is expected to reach an annual growth rate (CAGR) of 68.3% between 2022 and 2030, according to a study by Market Research Future (MRFR).
IBM Food Trust: Cutting Through the Complexity of the World’s Food Supply with Blockchain
IBM Food Trust was first launched in August 2017, with 10 Foundation members aiming to use blockchain in food traceability to solve issues in the food supply chain. Prior to the launch, IBM, Walmart and Tsinghua University announced a collaboration to improve the way food is tracked, transported and sold to customers in China. Juniper Research recently announced that IBM Food Trust is one of the leading blockchain players in the food provenance space.
Circle's USDC Reserves Remain Stuck at SVB, Raises Concerns Over Crypto Stability
Circle's $3.3 billion worth of USDC reserves held at Silicon Valley Bank (SVB) have not been processed, raising concerns over the stability of the cryptocurrency. This follows the disclosure that 20% of Circle's USDC reserves were held in several financial institutions, including the recently bankrupted Silvergate and the now-shuttered SVB. The world of cryptocurrencies has been characterized by volatility, leading to concerns over their stability and reliability as a store of value. One cryptocurrency that has been touted as a more stable alternative to Bitcoin is USD Coin (USDC), a stablecoin that is pegged to the US dollar.
US Treasury Suggests Easier Oversight for Nonbank Financial Institutions
The US Treasury and top financial regulators have proposed new rules to ease the Federal Reserve's designation of nonbank institutions as systemically important. Treasury Secretary Janet Yellen raised concerns over nonbank institutions' lack of supervision and the potential for financial contagion during periods of distress.
Saudi's $250M Tech Innovation Boost with Hashgraph (HBAR)
The Hashgraph Association and Saudi Arabia's Ministry of Investment have launched a $250M DeepTech Venture Studio in Riyadh, supporting over 500 companies in developing advanced AI, blockchain, and VR solutions.
Why Vitalik Buterin Proposed 33% Increase in Gas Limit for Ethereum
Ethereum's Vitalik Buterin proposes a 33% increase in the gas limit to improve network throughput. This first change in three years aims to balance efficiency and stability, addressing scalability.
Algorand Partners with Italian Economic Ministry to Advance Blockchain Initiatives
The Algorand Foundation of Singapore has signed a collaboration agreement with Fondazione Ugo Bordoni aimed at testing and advancing the groundbreaking open-source technology developed by its founder Silvio Micali.
THORChain Pauses Network Amid Reports of Vulnerability
THORChain has temporarily halted trading due to a potential network vulnerability, causing its native token, Rune, to fall 5% in value.
Exclusive: Can Web3 Foundation Achieve a Truly Decentralized Web?
Following the technical underpinnings of Polkadot in Part 1, Jack Platts, Head of Collaborations Web3 Foundation reveals their effort towards the goal of decentralized web! He also explained the governance and technical challenges in achieving a decentralized web!
What Will Cryptocurrency Speeds Look Like in 2020?
Each year, more people are converted to the benefits of cryptocurrency. Some are spurred to make the change from traditional fiat currency based on the security and safety features that are present in the blockchains. Others are increasingly convinced it's the future of finance by the transaction speed that cryptocurrency offers.
Binance CEO CZ Draws on Eleanor Roosevelt Quote to Discuss Market Predictability
Eleanor Roosevelt is famous for her role as the First Lady of the United States and her extensive work in advocating for social justice, civil rights, and human rights. She played a significant role in the drafting of the Universal Declaration of Human Rights and remains an enduring symbol of activism and leadership.
Binance Supports Optimism (OP) Network Upgrade and Hard Fork
Binance confirms support for Optimism (OP) network's upgrade and hard fork on January 12, 2024, enhancing Ethereum's Layer 2 scalability and efficiency.
Laser Digital Secures In-Principal Approval from Abu Dhabi Global Market
Laser Digital, Nomura's digital asset subsidiary, has received In-Principal Approval from Abu Dhabi Global Market's Financial Services Regulatory Authority. The approval allows the company to offer broker-dealer and asset management services in the UAE, subject to fulfilling specific conditions.
HSBC Undertakes Blockchain-based Trade Finance Transacntion for Automotive Sector in the Middle East
Through the blockchain technology supported by the Contour platform, HSBC conducted a trade finance transaction between SAIC Motor and Taajeer Group.
SPACE ID and Polyhedra Unite for .zk Domain and ZK Interoperability
SPACE ID collaborates with Polyhedra Network, launching .zk domains and enhancing Web3 interoperability with ZK proofs and a community airdrop.
RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure
RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.
Ethereum Hits 6-Week High amid Addresses in Profitability Surging
Ethereum reached highs of $1,770; a scenario has last seen on June 10 as more momentum continued trickling into the network.
The Impact of Multifunction Crypto-Asset Intermediaries on Market Stability Post-FTX Collapse
The Financial Stability Board (FSB) report highlights the potential risks of multifunction crypto-asset intermediaries (MCIs) in crypto-asset markets, stating financial stability threats are limited.
Financial Stability Risks from Cryptoassets in Emerging Market Economies Highlighted by BIS
The Bank for International Settlements (BIS) and the Consultative Group of Directors of Financial Stability (CGDFS) have released a report on the financial stability risks from crypto assets in emerging market economies. The report highlights the rapid evolution of digital finance and the potential risks associated with cryptoassets, such as market, liquidity, credit, operational, and capital flow risks.
Racing to Save the Planet: The Role of Blockchain in Sustainability
The world is in decay. A long list of environmental disasters and the relentless requirement for fossil fuels are pushing Earth's capabilities to heal itself to a dangerous tipping point. Blockchain might very well be mankind's last hope to avoid the fall.
Paxful to Boost Financial Inclusion with Its First Crypto Debit Card
Bitcoin trading platform Paxful announced that it will be adding a crypto debit card to its financial services.
Japan's JCBA Submits Initial Proposal for IEO Regulatory Reform to JVCEA
JCBA submits an initial proposal for IEO regulatory reform to JVCEA, outlining four key agendas aimed at stabilizing the IEO market and enhancing user protection. The reform aims to make domestic IEOs more attractive than foreign exchanges.
US FDA Calls Meeting on Blockchain, AI and the New Era of Smarter Food Safety
The FDA will hold a meeting on October 21st, with the aim of gathering input and feedback to help shape an FDA blueprint for the initiative. The FDA will propose leveraging modern technologies such as blockchain, artificial intelligence, and IoT to improve the transparency and decrease the risks of contamination in the food supply chain.
SEC Chair Gensler Faces Congressional Pressure Over EU Coordination and Lack of Transparency
The House Committee on Oversight and Accountability has intensified scrutiny on SEC Chair Gary Gensler over the SEC's coordination with the EU on legislative matters and a perceived lack of transparency. The discord, highlighted in a letter dated October 12, 2023, follows a pattern of communication deadlock between the SEC and Congress, with implications on broader legislative and regulatory frameworks. The Committee expects more forthright engagement from the SEC by October 19, 2023, threatening compulsory processes for compliance.
How Can IBM’s Blockchain Network Support $2 Trillion in Product Logistics by 2023?
IBM Blockchain has been around for several years, delivering on blockchain projects for enterprises in areas such as trade finance, securities, payments and supply chain traceability, as well as establishing new platforms for businesses and improving efficiencies in existing industries. Alan Lim, one of the initial members of the IBM Worldwide Blockchain team, heads IBM Blockchain Labs in the Asia Pacific. Lim kicked off his journey in blockchain as he was curious about how blockchain was being used in solving some real-world challenges.
AI Companies Respond to Copyright Infringement Claims
Stability AI, Midjourney, and DeviantArt have responded to a lawsuit brought by artists who claim that their work was used without permission to train generative AI systems. The companies argue that the resulting AI-generated images are dissimilar to the artists’ work, and that the lawsuit lacks specific information about the allegedly misused photos.
Switzerland Scientists Discovered A New Way to Solve Bitcoin’s Scalability Problem
The discovery of technologies plays a significant role in empowering how people function. This time round, Switzerland scientists have discovered a new approach to tackle Bitcoin’s scalability problem.
Ripple May Dump Over 96 Million XRP Soon
Ripple's strategic handling of 240M XRP in December 2023 stabilized the market and may influence future cryptocurrency dynamics.
WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy
Stablecoins and the technology underlying them will be the building blocks of a more sustainable, inclusive and resilient global financial system according to the World Economic Forum (WEF).
How Can Blockchain in IoT Market Grow 180 times by 2026?
Internet of Things (IoT) is now influencing our day-to-day lives. Today, blockchain has emerged as the probable solution for creating more secure IoT systems. With delegation in place, computation and storage needs can be spread across millions of IoT devices. Thus, the use of blockchain in IoT is benefiting the IoT devices to proficiently scale up. Also, assimilating the blockchain in IoT devices can cut the costs of managing and installing servers for an IoT network.
Polkadot: A Decentralized Center for Specialized Blockchain Interoperability
Polkadot could be one of the most carefully crafted blockchain projects to date, allowing for better coordination and communication between blockchains.
EOS EVM Mainnet Launch Improves Interoperability Between EOS and Ethereum
The EOS Network Foundation has launched the EOS EVM mainnet, which emulates Ethereum's Virtual Machine and aims to improve interoperability between EOS and Ethereum. This allows for the deployment of decentralized applications (DApps) written in Solidity, offering access to lower fees and faster transactions of the EOS network. Other projects have also been prioritizing EVM compatibility, including Astar Network's smart contracts and Polygon's zkEVM.
Bybit Pairs with Cabital, Providing Trading Service for Crypto
Singapore-based cryptocurrency exchange Bybit has tied with Cabital, allowing users to buy cryptos by using EUR and GBP and enjoy a lower cost.
Starknet v0.13.1 Launch: Embracing EIP-4844 for Lower Costs and Enhanced Stability
Starknet v0.13.1 upgrades Ethereum data storage costs, offers lower transaction fees, and improves stability and user experience, potentially boosting adoption and advancing Starknet's evolution.
India’s Telangana State Partners with CasperLabs for Seamless Blockchain-Powered Government Processes
To stimulate more secure, efficient, and sustainable government processes, India’s Telangana State has joined hands with CasperLabs to revamp operations using blockchain technology.
BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030
The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs.
WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy
The World Economic Forum (WEF) has highlighted Blockchain as a driver of sustainable digital finance for a low-carbon economy
Ethereum Founder Vitalik Buterin Says Layer 2 Scaling Solution Has ‘Basically’ Succeeded
Ethereum has been seeing an upward trend, and demand may increase further in anticipation of the upcoming ETH 2.0 update expected in Q3 2020. Ethereum is scheduled to undergo a major change of its consensus mechanism, transitioning from proof-of-work (PoW) to proof-of-stake (PoS). Ethereum has been expecting its scaling to occur for some time, and according to Ethereum’s creator, Vitalik Buterin, it could already be happening. Vitalik Buterin recently tweeted that the Ethereum blockchain network’s “layer 2 strategy has basically succeeded.”
Machine Learning Network Fetch.ai Shares Vision of Interoperable Blockchains
Fetch.ai has a vision: to bring machine learning services to every ledger and blockchain.
UK Finance Launches Experimental Phase for Regulated Liability Network (RLN)
UK Finance is launching an experimental phase to explore the UK Regulated Liability Network's potential in payment-upon-delivery, homebuying process improvements, and digital bond settlement, aligning with Project Rosalind.
Zilliqa: Enhanced Practicability in Blockchain A – Z Workshops
In this second installment of our exclusive interview, Kataruka shares insights on Zilliqa’s mission to enhance blockchain education in a way that keeps up with the speed of technological developments.
Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions
Bitfinex has integrated Tether Gold transactions via the Polygon zkEVM transport layer, marking a significant step towards cost-effective and secure digital asset transactions from October 11, 2023.
Treasury Secretary Yellen Highlights Economic Recovery and Addresses Financial Risks
Treasury Secretary Janet Yellen highlighted Biden Administration's economic achievements and ongoing financial stability efforts, focusing on banking, climate change, cybersecurity, AI, and digital assets in a testimony to the House Committee on Financial Services.
Aeternity Partners with Uruguay Can to Track Cannabis Production Using Blockchain
Uruguay Can, one of the major cannabis production companies in South America, and Aeternity, an open-source blockchain firm intended for decentralized applications, have partnered in developing a supply chain management platform based on the blockchain technology.
Coinbase Layer 2 Network
Coinbase's new layer-2 network, Base, has Ethereum supporters. One lawyer thinks the launch "opens the way" for the SEC to expedite its "secondary market agenda."
Pantera Capital: Crypto Market Turns Bullish Amid Regulatory Clarity
Pantera Capital predicts a bullish trend in the cryptocurrency market, highlighting Bitcoin's potential for DeFi expansion, technological advancements, and regulatory favorableness, following the anticipated Bitcoin halving event.
UN Agency Advises Kenya to Embrace Blockchain Technology to Tame Corruption
The United Nations Office of Drugs and Crime (UNODC) wants Kenya to embrace blockchain technology to fight runaway corruption.
Abu Dhabi to Integrate Land Records on the Blockchain Platform
The capital of the United Arab Emirates (UAE), Abu Dhabi has revealed its intentions of putting its land registry system on the blockchain.
Trust Wallet Discloses Security Flaw Resulting in $170k Loss
Crypto wallet Trust Wallet has reported a security vulnerability, resulting in almost $170k in losses for some users. The vulnerability has been fixed after Trust Wallet found out about it through its bug bounty program.
Singapore’s Central Bank Raises Alarm About a Bitcoin Scam
Singapore’s Central Bank enlightens the public about a Bitcoin Scam with a supposed initiative known as Bitcoin Loophole where investors’ trades are run.
Introducing Scroll Sessions: Native zkEVM Layer 2 for Ethereum
Scroll has unveiled Scroll Sessions, a groundbreaking native zkEVM Layer 2 solution for Ethereum that aims to enhance scalability and reduce transaction costs. This article provides an overview of Scroll Sessions and its potential impact on the Ethereum ecosystem.
Cardano Blockchain to Stimulate Authenticity and Quality of Georgian Wine
To boost Georgia’s global reputation as a leading wine producer, the Cardano Foundation has partnered with the nation’s wine agency to create a public and flexible trace solution powered by the Cardano blockchain.
DTCC to Acquire Securrency, Advancing in Digital Asset Infrastructure
DTCC announces its strategic acquisition of digital asset infrastructure specialist, Securrency. This move will bolster DTCC's digital asset offerings and streamline the integration of blockchain technology.
How Jailbreak Attacks Compromise ChatGPT and AI Models' Security
Recent studies reveal the vulnerabilities of large language models like GPT-4 to jailbreak attacks. Innovative defense strategies, such as self-reminders, are being developed to mitigate these risks, underscoring the need for enhanced AI security and ethical considerations.
IBM’s Blockchain Technology Hand Picked By Coop Italia for Food Traceability
Coop Italia, the biggest retail chain in Italy, has acknowledged this attribute as it has selected IBM’s blockchain technology to enable its private label brand called Coop Vivi Verde to trace the origin of eggs in its supply chain.
G20 Announces Standards for Global Crypto Regulation
G20 countries have announced that the Financial Stability Board, the International Monetary Fund, and the Bank for International Settlements will release recommendations on global crypto regulation by July.
Cybersecurity Firm Halborn Warns of Zero-Day Vulnerabilities in Over 280 Blockchain Networks
Cybersecurity firm Halborn has warned of a vulnerability called "Rab13s" that could put over 280 blockchain networks at risk of zero-day exploits, potentially exposing at least $25 billion worth of crypto. The most critical vulnerability could allow an attacker to send malicious consensus messages to individual nodes, causing each to shut down and potentially enabling a 51% attack on the network. While Dogecoin, Zcash, and Litecoin have already implemented patches for the discovered vulnerabilities, hundreds of other networks remain at risk.
Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement
Ripple Labs is facing a lawsuit by New Payments Platform Australia (NPPA) for allegedly violating intellectual property rights for the branding of ‘PayID’.
Why Young Investors are Increasingly Investing in Crypto and Cannabis
Crypto and cannabis markets seem to be attracting a rising number of young investors. Why is this so?
Europol Empowers Victims with Tools to Fend Off Ransomware Attacks
Europol, European Union’s law enforcement agency, has put together an anti-ransomware initiative that has managed to intercept $630 million dollars and more in ransomware demands, since 2016.
IBM and KAYA&KATO Leverage Blockchain to Trace Fabric Origins
Tech giant IBM has teamed up with KAYA&KATO, a textile manufacturer of workwear and uniforms, in developing a blockchain network aimed at revamping the fashion industry.
US Government Considers Blockchain as a Stepping Stone to Smarter Food Security
The US government, through its federal agency the Food and Drug Administration (FDA) mandated with protecting the country’s food supply and public health, has earmarked blockchain as one of the technological innovations that will prompt traceability and a food safety culture.
AI and Human Enhancement: Balancing Benefits with Ethical Concerns
Exploring the role of AI in human enhancement, this paper discusses its potential as a cognitive enhancer and the ethical and societal implications, balancing technological advancements with public concerns and equitable access.
Blockchain Interoperability—What are the Key Drivers?
Blockchain Interoperability, the ability to connect different blockchain ecosystems, is gaining a lot of traction today. But, first of all, it is necessary to understand if we need interoperable blockchains. What problems do they solve? Or will they create more troubles? And finally, what are the various challenges involved in going down the path of interconnecting blockchains?
KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability
KPMG has unveiled a blockchain capability dubbed Climate Accounting Infrastructure (CAI) to help firms measure, report, and offset their greenhouse gas emission.
Metis Proposes Migration to Ethereum Mainnet for Enhanced Data Availability
Metis, an Ethereum Layer 2 network, has proposed migrating its data availability back to the Ethereum mainnet. The move aims to simplify the launch of a decentralized sequencer pool and enhance data availability. The proposal is open for community feedback and will be subject to a Snapshot vote.
California Cannabis Grower Using Blockchain For Tracking
Blockchain and smart contracts help a California cannabis nursery authenticate its therapeutic plants. EMTRI and Global Compliance Applications announced a relationship with Mendocino Clone Company, a nursery. It will use blockchain to batch-certify all clones, or baby plants.
Digital Transaction announces world’s fastest web-scale blockchain and launches its utility token XPLL
Digital Transaction the company behind the ParallelChain™ blockchain has launched its utility token XPLL, giving investors the opportunity to stock up during its pre-sales stages
NEAR and Polygon Partner to Launch zkWASM
NEAR Foundation and Polygon Labs are collaborating on zkWASM, a zero-knowledge prover for WASM blockchains, to enhance interoperability with Ethereum and improve scalability and decentralization.
Long-Term Bond Slump Mirrors Historic Stock Market Crashes, Stirs Investor Concerns
The historic slump in long-term bonds, closely mirroring past notorious stock market crashes, has stirred concerns among investors and financial analysts. The discourse on social media, led by notable figures like Genevieve Roch-Decter, CFA, emphasizes the gravity of the situation, with particular implications for retirees and other bond-dependent investors.
Hedera (HBAR) and Algorand (ALGO) Form DeRec Alliance for Decentralized Recovery
Hedera and Algorand ecosystems have united to form the DeRec Alliance, introducing a new standard for simplified and secure digital asset recovery, aiming to revolutionize the Web3 experience.
Child Porn Darknet Sites Surge with Crypto-Payments as Korean Police Hunt "Nth Room" Clientele
The use of cryptocurrencies like Bitcoin and Ethereum has become the preferred payment for internet based human trafficking and depraved services, which include blackmail porn and child sexual exploitation according to forensics firm Chainalysis.
CFTC Receives DeFi Crash Course
Crypto executives provided a DeFi crash course to the CFTC during their first Technology Advisory Committee meeting. Topics included blockchain technology, decentralization, digital identity, and exploits and vulnerabilities.
Bitcoin Core Vulnerability Exposes Risks in Datacarrier Limits: NVD Flags Security Concerns
NVD has discovered a critical vulnerability (CVE-2023-50428) in Bitcoin Core, which allows datacarrier limit bypass and poses significant network risks, notably exploited by Ordinals.
UK Advancing Towards a Digital Pound: Exploring CBDC Feasibility
The UK's Bank of England (BoE) and HM Treasury are advancing into the second phase of exploring the feasibility of a digital pound, also known as "Britcoin." A final decision is yet to be made, with a focus on user privacy and coexistence with cash.
What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?
BMW Group, a famous global premium manufacturer of motorcycles and automobiles, seeks to expand its pilot blockchain project, dubbed PartChain, to its international supply chains that are enshrined in complexity. Blockchain technology will be instrumental in propelling the traceability and transparency of crucial raw materials and parts as it will ease data sharing.
Visa Card Holders Spend Over $1B in Crypto in the First Half of 2021
More than $1 billion worth of crypto have spent in the first six months this year by consumers globally, Visa announced Wednesday. The company said the amount it spent on goods and services by using its crypto-linked cards primarily.
ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains
ENS Domains introduces the EVM Gateway, an open-source platform enhancing interoperability between L1 and L2 chains, promoting a more connected and efficient blockchain ecosystem.
Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report
The Q3 2023 Global Web3 Security Report, jointly initiated by Beosin and SUSS NiFT, reveals a concerning escalation in the Web3 security landscape. The report shows that losses from hacks, phishing scams, and rug pulls reached $889.26M in Q3 2023, exceeding the combined losses of the first two quarters. The report also highlights the increasing threat posed by North Korea's Lazarus group.
OpenAI Launches Bug Bounty Program
OpenAI has launched a bug bounty program to address privacy and cybersecurity issues, inviting security researchers and ethical hackers to identify and address vulnerabilities in its systems. The program offers cash rewards ranging from $200 to $20,000 for qualifying vulnerability information.
MakerDAO Implements Emergency Measures Amid Market Volatility
MakerDAO approves an Executive Vote for crucial changes in response to market conditions, aimed at stabilizing the DAI peg and enhancing the protocol's resilience.
Islamic Development Bank to Create Blockchain Smart Credit Platform with Samsung's Blocko
The Islamic Research and Training Institute partnered with Samsung backed Blocko to develop a functional Credit Management System for Saudi Arabia.
From Zero Mentions to a Dedicated Section in CINIC Report: How Fast is Blockchain Growing in the Chinese Internet Industry
The China Internet Network Information Centre (CINIC) recently published “The 45th China Statistical Report on Internet Development”. Compared to the previous issue, it is worth noting that the CINIC covered blockchain development as a dedicated section in the latest report. The report highlighted the rapid blockchain development of China in three aspects: regulation, technical development and applications.
Kyber Network Advises Removal of Funds Amid Potential Vulnerability
Kyber Network has advised liquidity providers to remove their funds due to a potential vulnerability in the Kyberswap Elastic decentralized crypto exchange. No funds have been lost, and farming rewards have been temporarily suspended until a new smart contract can be deployed.
Coffee Giant Starbucks Leverages Blockchain to Track Coffee From Bean to Store
Starbucks intends to leverage blockchain traceability on its coffee supply chain.
Sam Altman Advocates for Energy Breakthroughs in AI at Davos Forum
At the World Economic Forum in Davos, OpenAI CEO Sam Altman emphasized the need for an energy breakthrough to sustain future AI development, advocating for investment in fusion and other sustainable energy sources.
Scroll Launches zkEVM Mainnet
Scroll unveils its zkEVM mainnet on October 17, enhancing Ethereum’s scalability and developer engagement. Employing zero knowledge proofs, it boosts transaction speeds and reduces costs, promising a near-identical Ethereum experience, without compromising security or decentralization. The launch follows extensive testing, with notable contributions to Ethereum Foundation’s Privacy and Scaling Explorations. The initiative eyes global developer adoption, advancing Ethereum’s Layer 2 solutions.
Saudi Digital Academy Partners With BSV Association to Establish New Blockchain Academy
The Saudi Arabian Digital Academy has partnered with the Bitcoin Satoshi Vision (BSV) Association to establish a new blockchain academy.
ChatGPT-4.0 Showcases Potential in Neurology with Impressive Exam Results
OpenAI's ChatGPT-4.0 passed a clinical neurology exam with 85% correct answers, showing promise for future applications in the field after further refinements.
Ethereum's Layer 2s Break New Ground in Scalability
Ethereum has seen a 22% rise in value as of September 2023, largely attributed to the emergence of Layer 2 solutions like BASE by Coinbase, which enhance scalability and user affordability on the network. Leading Layer 2 blockchains, Optimism and Arbitrum, have surpassed major Layer 1 blockchains in Total Value Locked, indicating a growing trust and utilization in the Ethereum ecosystem. Despite centralization concerns, the progressive strides in Layer 2 solutions are poised to bolster Ethereum's standing as a dominant smart contract blockchain.
A Guide to Minimizing Risk in Crypto Trading
Risk management in crypto trading, shaped by market volatility, involves setting stop-losses, proper position sizing, using take-profit orders, and diversifying assets. Continuous learning is vital.
Congressional Memo Challenges SEC's SAB 121
Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.
Core's Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability
Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability.
51% of Crypto Investors in Saudi Arabia Optimise Crypto Future, KuCoin Study Shows
Nearly 3 million citizens in Saudi Arabia have entered the crypto space over the past six months, according to a study by KuCoin.
Radix and LayerZero Partner to Enhance Web3 Interoperability
Radix has partnered with LayerZero to integrate LayerZero with the Radix Babylon public network, encouraging cross-chain communication and asset transfers to the Radix ecosystem. Interoperability enables decentralized applications to collaborate and integrate, broadening the scope of features they offer, enhancing functionality, and improving security.
Ghana Examining Offline Use of Its “E-Cedi” CBDC
Ghana is exploring the ability to carry out secure offline transactions for its Central Bank Digital Currency.
Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability
Flow blockchain unveils proposal for full EVM equivalence, bridging Ethereum dApp ecosystem with Flow’s unique capabilities. The move aims to enhance composability, interoperability, and user experience across the blockchain space.
Bittrex to Wind Down US Operations
Cryptocurrency exchange Bittrex will wind down its US operations due to regulatory and economic challenges. US customers are advised to withdraw their funds by April 30, 2023.
Sam Bankman-Fried Dodges Questions on Alameda Debt Repayment Risks
FTX CEO Sam Bankman-Fried was questioned about using funds to repay Alameda's lenders, sparking discussions on risk management practices and potential user reputation implications.
The ECB Warns Financial Stability Risks If Central Banks Fails to Issue Digital Currencies
The European Central Bank (ECB) warns that nations who decide not to issue CBDCs may encounter risks to their monetary autonomy and financial systems.
Introducing Digital Euro to Protect Monetary Sovereignty amid Cashless Tendency: Lagarde
Christine Lagarde, the President of the European Central Bank, suggested introducing Euro is necessary to maintain its leading role amid the cashless tendency.
Crypto Sector Could see new Rules from Global Regulators
Although regulators have been slow to make a move on the crypto industry, they could come up with a new global framework of rules within months, an official from the Financial Stability Board said.
Exclusive: Blockchain Trilemma Solved? Secrets Revealed by Turing Award Winner's Algorand
There are numerous blockchain project teams attempting to address the blockchain trilemma, and the Turing Award winning team Algorand is one promising candidate. We have the pleasure to speak with Jing Chen, Chief Scientist of Algorand, on how Algorand attempts to solve blockchain trilemma with its Byzantine agreement. She also explains why Algorand is non-forkable and the restrictions on Algorand’s adversary model!
Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.
Fidelity Launches Cryptocurrency Custody Business
In a rare interview with Fidelity Investments CEO Abigaile Johnson, the Financial Times revealed that the Boston-based asset management giant is “now engaged in a full rollout” of its cryptocurrency custody and trading service.
Is Ethereum 2.0 Ready For the Bull Run?
The initial stage of Ethereum 2.0 is set to start in a few months, with many experts arguing that it may be the catalyst for a huge industry bull run. Adam Cochran, a partner at MetaCartel Ventures DAO, released a blog which outlined why he believes Ethereum 2.0 “could prove to be the largest economic shift in society.” So, is Ethereum 2.0 ready for the bull run?
Ethereum's Layer 2 Debate: Buterin Aligns with Daniel Wang on Validium Classification
Vitalik Buterin agrees with Daniel Wang on classifying Ethereum rollups using external data chains as validiums, not traditional rollups. This debate underscores the nuances in Ethereum's layer-2 scaling solutions, focusing on security and scalability trade-offs.
FTX to Sell Remaining Interest in Sequoia Capital to Abu Dhabi Sovereign Wealth Fund
FTX has struck a deal with a company owned by the government of Abu Dhabi to sell its remaining interest in venture capital firm Sequoia Capital for $45 million. The deal is subject to approval by the Delaware bankruptcy judge and is part of FTX's efforts to liquidate its investments to pay off its debts to creditors. Meanwhile, Voyager Digital has agreed to set aside $445 million after being sued by Alameda Research over loan repayments.
Italian Banking Association Chose Decentralized Blockchain Route
The Italian Banking Association, Associazione Bancaria Italiana (ABI), chose to leverage the blockchain-based system Spunta, as they could not identify an appropriate single actor to run a centralized system.
Italian Banking Association Wants to Join in on the ECB Digital Euro Central Bank Digital Currency Project
The Italian Banking Association, Associazione Bancaria Italiana (ABI) has decided to participate in projects and experimentations of a European central bank digital currency, recently known as the digital euro.
Smart Contract 101: What is Remix?
Solidity 101 Tools for Smart Contracts is a series of tutorials for beginners to learn the easiest way to build smart contracts. In this lesson we will use the online tool - Remix.
Launch of First Blockchain School Sets to Bring New Hope for Rwanda
Rwanda is poised to become the next Silicon Valley of Africa. This is demonstrated by many tech businesses launching their operations in the country. Due to Rwanda’s rapid rise to become Africa’s tech hub, a new blockchain training school intends to set its foot in the country. The establishment of the school is expected to introduce new innovative ways to create new African blockchain technology-based products.
How to Build a Decentralized Exchange (DEX) Like Uniswap in Less than One Hour
Uniswap is an open-source exchange, it could be easily built by the existing codes that exists on GitHub and etherscan.
Deutsche Bank Executive Says CBDC is More of a Political Decision
Deutsche Bank Executive Burkhard Balz has noted that the decision to launch a CBDC by any country may be more of a political decision than a technical one.