Blockchain

Global financial messaging network – Swift – announced successfully facilitating a variety of blockchain interoperability tests with multiple financial institutions like Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon. For this purpose, Swift tapped the Web3 services platform Chainlink’s Cross-Chain Interoperability Protocol (CCIP) The company said the experiments are part of its wider strategy to ensure secure, global interoperability as new technologies and...

The security services platform that offers protection against Web3 bugs – Immunefi – estimated that hackers and fraudsters have drained approximately $23.4 million worth of digital assets from crypto projects in August. While the figure might sound significant, it is 92% less than the recorded losses in July when wrongdoers siphoned over $320 million. Last Month’s Numbers As analyzed by the platform, the exact losses that crypto projects suffered due to such attacks in August...

A recent roundtable at Bitcoin Miami 2023 questioned if bitcoin is as slow and as inefficient as many analysts claim it is. Panelists also found themselves wondering what the role of crypto company Strike was when it came to the future of BTC. Bitcoin is Stronger Than Most of Us Think Bitcoin has often been dubbed an “outdated” token. While it was the initial form of crypto and gave birth to the digital finance arena, there are many assets that have emerged since...

Jesse Pollak – the protocols lead for popular digital currency exchange Coinbase – believes that everyone on Earth will be introduced to blockchain and crypto within the next seven years. Coinbase Rep Thinks Everyone Will Be On-Chain in Seven Years In an interview, Pollak recently stated: Our feeling is that there’s so much growth ahead of us. We have less than ten million people on-chain today. There’s going to be eight billion people on-chain over the next...

[PRESS RELEASE – Georgetown, Cayman Islands, September 1st, 2023] Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. The integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. “With the integration of Kava Chain onto the Fireblocks...

Five Ethereum liquid staking providers have implemented or are gearing up to implement a self-imposed restriction, pledging not to own more than 22% of the ETH staking market. This move is aimed at safeguarding the decentralization of the Ethereum network. According to Ethereum core developer Superphiz, Rocket Pool, StakeWise, Stader Labs, and Diva Staking are the staking providers that have already adopted or are actively pursuing this self-imposed limitation. Superphiz was...

What is the role of EOS in the blockchain and crypto arenas? EOS: Is It as Strong as It Claims to Be? Not long ago, a roundtable was hosted by anchor Rob Nelson, who oversaw a discussion between many key industry players. EOS has often been touted as an “Ethereum killer.” In other words, it’s hyped up to be just as good as Ethereum if not better in some ways, and there are many industry analysts out there who claim it – along with other competing networks like...

The accusations of vote-buying and manipulation have added complexity and uncertainty to the Genesis bankruptcy case. Bankrupt crypto lender Genesis Global Capital (GGC) is facing new charges from creditors that the proposed $175 million transaction with the insolvent FTX exchange is an attempt to manipulate the bankruptcy process through vote buying.  These allegations, made in recent files on Thursday, cast a shadow over GGC’s efforts to wind down its operations and restore funds to...

August saw the crypto industry lose around $24 million in virtual assets due to various hacks and exploits. On August 30, Ivan Bianco, a prominent blockchain gaming-focused YouTuber known for his channel “Fraternized Crypto,” faced a devastating loss of approximately $60,000 in cryptocurrencies during a live stream. This unfortunate incident occurred when he inadvertently revealed the private keys to his crypto wallets. During the live stream, Bianco, who hails from Sao Paulo, Brazil, made...

The exchange recently partnered with blockchain platform Neo to bring its APAC Hackathon to the southern city of Bengaluru in an effort to understand the local culture and support the Web3 ecosystem.   Global cryptocurrency exchange OKX has announced that it will be expanding to India despite the murky regulatory environment in the country. In an interview with CoinDesk, the platform’s Chief Marketing Officer Haider Rafique revealed that OKX was looking to scale up its wallet services by...