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...
Read More »3 Ways to Mitigate Future Network Outages, Solana’s Team Reports
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...
Read More »Algorand new sponsor FIFA World Cup 2022
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,...
Read More »NuriFootBall (NRFB) Is Now Available for Trading on LBank Exchange
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...
Read More »ADA Demon Takes Play-to-Earn Gaming to the Next Level
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...
Read More »Ethereum Whales Show Sustained Accumulation, On-Chain Data Shows
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...
Read More »NFTs Will Play a Critical Role and Translate into Transferable Credentials: HBAR’s Alex Russman (Interview)
As a part-time philosopher of digital fashion, identity, and ownership, he gave a notable keynote address in 2020 on fashion, gaming, and blockchain while directing business development for Enjin, the team behind the ERC-1155 multi-token smart contract standard. At the Paris Blockchain Week conference in April, CryptoPotato got the chance to talk to Alex Russman, Director of Hedera’s Consumer Engagement Fund, about the future of Web3, NFTs, HBAR, as well as the growing hype...
Read More »DeFi Crisis Averted: NEAR Protocol’s Rainbow Bridge Attacker Loses 2.5 ETH
On May 1, the NEAR Protocol Rainbow Bridge was attacked. The cross-chain bridge had temporarily been suspended for maintenance after detecting abnormal activities. In a detailed post, Alex Shevchenko, CEO of Aurora Labs, revealed that the attack was stopped automatically as the bridge architecture was designed to resist such events. No funds were lost during the event, Shevchenko added. The Attack It all started when the attacker sent some ETH through the popular coin mixer,...
Read More »TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve
TUSD is currently in collaboration with five banks. Partner banks provide a safeguard for TUSD’s asset security. TUSD is now audited by auditing firm Armanino. Stablecoin TrueUSD (TUSD) named five of its current bank collaborators that ensure asset security for its USD reserves. According to TUSD, it currently works with Signature Bank, Silvergate Bank, Prime Trust, First Digital Trust, and BitGo for the safekeeping of USD assets that back the value of the stablecoin....
Read More »What’s the Craze Around The Next War, a blockchain-based Play-To-Earn shooting game?
Shooting games have been a popular genre with one the largest user base of all. And with blockchain technology making inroads in the gaming industry, why not make the best out of both and create something fun and exciting? So, here we are with The Next War (TNW), a game that takes the Battle Royale style a step ahead. While there are a bunch of other games in the market, none of them are sustainable. You spend a few hours playing one but does that help in any way apart...
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