Blockchain

Mark Gordon – the governor of Wyoming, which has earned a reputation for being a very crypto friendly state – has used his powers to veto new bills centering around the trading and usage of crypto. Mark Gordon Says “No” to Crypto Legislation Two of the bills that Gordon has opposed stemmed from the Select Committee on Blockchain, Financial Technology, and Digital Innovation Technology. The organization has been at the center of several crypto-related issues over the past...

Sky Mavis – the company behind the popular blockchain game ‘Axie Infinity’ – has promised to reimburse victims after $625 million in crypto was stolen from its underlying blockchain, Ronin. Another Bridge Hack Yesterday, the Ronin network suffered the largest DeFi hack in the history of crypto, with over $624 million in Ether and USDC being drained from a critical blockchain bridge. A blockchain bridge allows holders of assets on one blockchain to swap out their tokens for...

IntoTheBlock – a blockchain intelligence firm – has reported a surge in interest for Cardano among institutional buyers. It cites a parabolic 50x increase in the cryptocurrency’s on-chain transactions worth over $100,000 in 2022 alone. As tweeted by the firm yesterday, over 69 billion ADA were moved as part of such large transactions just yesterday. They represented over 99% of the total on-chain volume for Cardano. That’s compared to just 1.35 billion ADA in trading volume...

Ronin Network, a critical bridge chain that powers Axie Infinity, was attacked, and this resulted in in a loss of 173,600 Ethereum and 25.5M USDC, equivalent to over $600M. Since the breach occurred on March 23rd, the stolen funds have flowed into FTX, Huobi, and CryptoCom, which have all vowed to take actions to trace the funds. Binance said it had temporarily suspended withdrawals and deposits on the Ronin Network. Sky Mavis, the company behind Axie Infinity, said it would...

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A group of US lawmakers introduced this Monday the “E-CASH” Act, a bill directed to the US Treasury Department to encourage the entity to develop a digital version of the dollar. E-Cash Is not CBDC, but a Complement to it Democratic Representative Stephen Lynch is the principal sponsor of the ECASH Act, a legislative proposal passed to the House of Representatives. As per the bill, the US Treasury Department was selected as the “most appropriate” government entity to develop...

Ronin – an EVM blockchain for play-to-earn games – recently fell victim to one of the largest hacks in the history of crypto. A whopping 173,600 ETH was drained from Ronin bridge within the last week, alongside another 25.5M USDC. According to a community alert issued by Ronin, the hack occurred due to Ronin validator nodes and Axie DAO validator nodes being compromised. This led to hacked private keys being used to forge two fake network withdrawals (1 and 2) that absorbed...

As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities. New Listings on LBank Exchange Scheduled this week starting on 28th March. For a more complete list please follow our twitter...

INTERNET CITY, DUBAI, Mar. 29, 2022 – LBank Exchange, a global digital asset trading platform, will list Mapt. Coin (XMP) on March 31, 2022. For all users of LBank Exchange, the XMP/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on March 31, 2022. Backed by physical assets, Mapt. ODL is a digital asset operator providing renewable energy. With its large property portfolio sitting as an income generating portfolio that stabilizes the company,...

The continued investments from some of the most high-profile financial juggernauts in Canada reflect a belief that institutional adoption of crypto and blockchain will keep growing. This western Candian province, which boasts a rich entrepreneurial history, is now looking to play a crucial role in the digital asset industry. Alberta to Becoming Crypto Hub? According to the latest report, Alberta’s ambitions are soaring high as the authorities are looking to position the...