Blockchain

Polkadot has quickly become one of the most popular and, by far, among the biggest cryptocurrency blockchains throughout the entire industry. It appears that the hype surrounding Polkadot is only growing stronger, so we’ve taken the liberty to compile a comprehensive walk-through, guiding those who are less aware of the project and what it is all about. Photo by Alina Grubnyak on UnsplashWhat is Polkadot In Simple Words? Polkadot is Ethereum Co-founder Gavin Wood’s bet...

Tom Lee of Fundstrat fame is sticking to a bold prediction regarding bitcoin – the world’s number one digital currency by market cap – that he made earlier in the year. In a recent interview, he stated that he still sees bitcoin hitting $100,000 per unit by the end of 2021. Tom Lee – BTC Could Reach $100K Before 2022 Tom Lee is no stranger to making bitcoin price predictions. For the most part, they have been a little outlandish – either because there is a lack of time...

The multi-investment DeFi platform Dao Maker has become the latest victim to a security breach in the industry. The attackers have managed to affect over 5,000 accounts holding USDC. At first, Wu Blockchain took it to Twitter to indicate that the popular platform has fallen victim to a hack. The perpetrators supposedly transferred out USDC from about 9,000 or 10,000 such accounts and replace the funds with 2,261 ETH (worth approximately $7 million as of writing these lines)....

Ripple announced that one of the leading non-bank remittance service providers in South Korea – Global Money Express Co. LTD (GME Remittance) – had joined its network. As a result, the financial institution can now connect to Siam Commercial Bank (SCB) and initiate payments between South Korea and Thailand. GME Looking to Expand According to an announcement, GME Remittance has joined the blockchain-based digital payment network – Ripple. The collaboration enabled the South...

[PRESS RELEASE – Zug, Switzerland, 11th August 2021] Concordium, a leading blockchain technologies company, and Swvl, Inc. (“Swvl”), a Dubai-based provider of mass transit and shared mobility solutions, today announced a strategic partnership to, for the first time, use blockchain technologies to develop transformative next-generation mass transit systems. Swvl is a global tech start-up based in Dubai, with an implied, fully diluted equity value of approximately $1.5 billion,...

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PolyNetwork, an interoperability protocol enabling atomic-cross chain transactions between multiple major blockchains, was just exploited to steal $600 million worth of investor’s crypto on Polygon, Binance Smart chain, and Ethereum What Exactly Happened? As reported by CryptoPotato earlier today, PolyNetwork announced that they had been attacked at 8:38 am EST. They immediately listed the addresses to which the anonymous hacker had transferred their funds on the ETH, BSC,...

Charles Hoskinson, Cardano’s founder and CEO of blockchain research company Input Output Hong Kong (IOHK), has urged the U.S. crypto community to rally against the recently proposed taxation policy. Hoskinson first took it to Twitter earlier this week, calling on digital asset proponents in the U.S. to rally in Washington DC to vent their grievances against the bill. This would be a bid to convince the country’s senators to amend the Internal Revenue Services (IRS) reporting...

With the increasing interest in blockchain gaming, the popular blockchain platform, TRON, has recently announced the launch of a new $300 million fund dedicated to supporting GameFi projects. TRON Launches $300M Fund to Support Game Developers In a press release shared with CryptoPotato, TRON noted that the fund dubbed TRON Arcade was launched in collaboration with the leading NFT project, APENFT, and the DeFi project, WINKLink. TRON Arcade is geared toward supporting...

[PRESS RELEASE – Please Read Disclaimer] NearPad, the DeFi hub on NEAR’s layer 2 protocol – Aurora, has announced the successful close of its $2m seed round. The raise was led by NGC with participation from leading backers in the blockchain space including NEAR Foundation, OWC, Ellipti, LD Capital, Flow Ventures, Genblock Capital, Exnetwork, and SuperNova Fund. NearPad has set its sight on jumpstarting ecosystem growth on Aurora through its DAO-centric protocol. “We’re...