Blockchain

As more and more users are entering the Web 3 space, scaling has become one of the most interesting conversations. Move over Layer 1 and Layer 2. The latest beef is between Subnet and Supernet. Polygon co-founder Sandeep Nailwal took a jibe at Avalanche’s leadership, calling it “insecure” and “resorting to shit talking.” Subnet and Supernet It all started when Polygon announced Supernet to accelerate the adoption of layer 2 as well as blockchain technology. The new...

Popular Bitcoin miner Argo Blockchain has announced taking on additional debt under Argo’s equipment financing agreement from a subsidiary of New York Digital Investment Group (NYDIG). The move will help Argo fund the purchase of mining equipment for its Helios facility in Dickens County, Texas. Argo Seeks Additional Equipment Financing From NYDIG As part of the financing, Argo will borrow up to $70.6 million from NYDIG, the interest rates set at 12%, the official press...

Pawtocol – a blockchain platform designed to improve the lives of both pets and their owners – announced the establishment of what’s known as Pawtocol Pet Fund, the first blockchain-powered fund built to assist animal rescues and shelters. Pawtocol Establishes Crypto Pet Fund The company says that 100 percent of all cryptocurrency donations it receives will be provided directly to animals in need, along with the shelters providing them with food and provisions. Colin...

Two of the main committees of the state of Hawaii – Commerce and Consumer Protection (CPN) and Ways and Means (WAM) – greenlighted the launch of a unit called Blockchain and Cryptocurrency Task Force. The division’s main goals will be to supervise the local digital asset ecosystem and explore the employment of cryptocurrencies. Hawaii Seeking to Regulate Crypto In a letter addressed to Hawaii’s President of the Senate – Ron Kouchi – the two committees outlined the “emerging...

The leading stablecoin by market capitalization — backed by reserves of cash and money market cash equivalents — USDT has a market cap of approximately $83 billion at the time of this writing. Paolo Ardoino is the chief technology officer (CTO) for Bitfinex and its stablecoin, Tether (USDT). Paolo is a well-known full-stack programmer with deep experience in the financial sector (FIX protocol, Bloomberg API), he describes himself as an innovative computer scientist and...

NFT buying frenzy has disrupted not only Ethereum. Solana witnessed the clogging of millions of NFT transactions on its network due to bot activity targeted at such mints. Block production resumed on Sunday, and the operators managed to restart the main network successfully. Mitigation Steps In a new blog post, Solana devs outlined three mitigation steps to tackle such congestion issues. QUIC Adoption: Solana core protocols are being reimplemented atop Google-built protocol...

Qatar is ready to welcome the world to celebrate a FIFA World Cup™ like no other. Get a head start on planning your Qatar 2022™ experience! The team of Algorand has signed a deal to become the official blockchain partner of the 2022 FIFA World Cup in Qatar. It will also be the partner of the 2023 Women’s World Cup in Australia and New Zealand. Wallet for FIFA Algorand will help global football governing body FIFA develop its digital strategy,...

INTERNET CITY, DUBAI, Apr. 29, 2022 – LBank Exchange, a global digital asset trading platform, has listed NuriFootBall (NRFB) on April 29, 2022. For all users of LBank Exchange, the NRFB/USDT trading pair is now officially available for trading. The football industry is a continuously growing global market. However, the introduction of new technology and development of infrastructure falls behind the size of the market. Utilizing the power of blockchain, NuriFootBall...

Play-to-Earn games have been a rage of late, and the exponential growth of the industry reflects that. However, it is saturated with a few particular genres, and there seems to be a lack of ideas to cater to the diverse gaming community. But, that changes with the release of ADA Demon, an immersive metaverse-based ecosystem, that brings forth a refreshing concept with plans to revolutionize the industry. All about ADA Demon Built on the Cardano blockchain, the game is...

Data from blockchain analysis firm Santiment indicates that ETH whales have been accumulating over the past two weeks. They have broken out of a sustained ownership downtrend since the start of the year, and are now back to owning over 12% of the supply. ETH whales, in this context, are defined as addresses holding between 1000 and 10,000 ETH. That’s between about $3 million and $30 million worth of ETH, at current prices. As of Thursday, whale ownership sat at 12.07% of ETH...