Tag Archives: social

2021 was the year when cryptocurrencies and blockchain technology witnessed massive growth, both in market capital and infrastructure development. One thing that caught the attention of the crypto community and the mainstream audience was the rise of non-fungible tokens (NFT). In case you’re unfamiliar with what these are, please take a look at our video guide on NFTs, or its written version. They saw exponential growth in 2021, as the digital space was being reshaped by the...

OpenSea’s front-end issues continue to cause losses for NFT holders, and according to one BAYC member, it just cost him Bored Ape #8924. As CryptoPotato reported earlier today, multiple sources pointed towards a front-end exploit in OpenSea’s platform. This had already allowed a malicious party to obtain roughly $750K worth of ETH, but it seems that the issues are only increasing. Twitter user VirtualToast.eth reported that their Bored Ape #8924 was purchased for 6.66. For...

The Spanish soccer club FC Barcelona might team up with the blockchain protocol Polkadot. Assuming the two sides shake hands, the latter will become an official jersey sponsor of the team. Polkadot Eyeing The Soccer World The players of Football Club Barcelona currently wear the Rakuten logo on their jersey as the Japanese e-commerce firm is the official sponsor of the club. However, the partnership between the two entities is due in July this year, and the soccer team is...

Bitcoin will help New York to send a message to the world that the city is open to adopting new and innovative technologies, said mayor Eric Adams. He also showed no regrets about receiving his first paycheck in BTC amid the market meltdown. Bitcoin Sends a Message Ever since last year’s elections, Eric Adams has displayed a pro-cryptocurrency approach, insisting that he will receive his first paychecks in BTC and also transform the Big Apple into a bitcoin hub. While his...

Investors of Core Scientific Inc. (a leading US bitcoin mining company) have reportedly approved a plan to get listed on Nasdaq. The firm started trading under the symbol CORZ. Nasdaq’s Newest Member According to a recent report by Bloomberg, the blockchain infrastructure provider – Core Scientific Inc. – will proceed through an estimated $4.3 billion merger with the special-purpose acquisition company Power & Digital Infrastructure Acquisition Corp. (ticker XPDI). The...

While the crypto market was bleeding heavily on Friday, Solana experienced another network hiccup that caused panic among traders and DeFi users across the crypto community. 48-hour Solana Network Outage The Solana network has suffered multiple issues within the last few months, and this current incident is the second in January. But unlike other occasions, the latest outage lasted about 48 hours. The Solana team said they first noticed the hiccup on Friday, January 21 2022,...

The central bank of the United States – the Federal Reserve – released a discussion paper that examines the advantages and disadvantages of rolling out a potential US CBDC. This is the first conversation that the Fed has organized with the broad public to determine whether and how the digital version of the dollar could benefit the domestic financial system. Pluses and Minuses While numerous countries, with China leading the pack, are racing to issue their own central bank...

The Union Bank of Philippines plans to open a custodial service for cryptocurrencies as the asset class becomes increasingly popular among the local population. A Strategy for Every Customer As cited by Bloomberg, Cathy Casas, the bank’s head of blockchain and applications coordination department, outlined the institution’s plans recently. The top exec explained that it is a necessary strategy employed to secure the future of the organization. This decision took cognizance of...

The users of cross-chain protocol lashed out over an unsolved security vulnerability that appeared earlier this week and the platform’s failure to act. Later on, though, Multichain revealed that one whitehat hacker returned 259 ETH, worth approximately $813,000. The Multichain Exploit It all started when Multichain announced the existence of a flaw that made several accounts vulnerable to malicious entities. The team behind the protocol urged its users to revoke approvals for...

Online gaming is arguably one of the best use cases for blockchain-based technology. The ability to assign traceable and verifiable ownership to in-game items provides tremendous capabilities. This concept has grown in popularity, and perhaps one of the first games to pioneer the field was Decentraland. The below is a comprehensive guide on Decentraland – what it stands for, how it was launched, and how to play it in a detailed step-by-step guide. Quick Summary: Name:...