Tether Limited Inc., the parent company of the USDT stablecoin, has announced a new development to its network as it announced that minting USDT tokens is now possible on the Polkadot blockchain. USDT Goes Live on Polkadot The latest development would see the largest stablecoin by market cap be minted on the Polkadot network. Tether … Read more
Following the induction of Ethereum’s Proof-of-Stake (PoS) Merge on the mainnet, some Proof-of-Work (PoW) supporters picked up tokens from PoW chains, which analysts claimed could be harmful. Ethereum on PoW Users Are Prone to Attack Post Merge The Kyber Network (KNC) team, an experienced Ethereum-based DeFi hub, posted a Twitter thread on replay attacks. The … Read more
Blockchain.com, a digital asset services solutions provider, has announced that it has been approved to operate in Dubai by the Virtual Assets Regulatory Authority (VARA). Blockchain.com Signs an MOU with VARA The virtual asset services provider revealed that it has partnered with Dubai’s regulatory body. A detailed statement from the firm disclosed that both its … Read more
Following the hacking attack at the decentralized crypto exchange, KyberSwap, the Binance security team, has been involved in the investigation. Binance Team Identifies Key Suspects The Binance Security Team has been heavily involved in investigating the hacking incident involving KyberSwap. According to reports, the attack on KyberSwap led to the loss of $265,000 in users’ … Read more
EGLD is the native token of the scalable blockchain, Elrond Network. The alternative asset overcame a declining wedge amidst upsides on August 20. Meanwhile, its positive correlation with BTC saw EGLD resorting to declines as the overall marketplace endured a slump since this month started. EGLD has seen a double-digit fall since August started (Coinmarketcap … Read more
The world’s leading crypto, Bitcoin, relies on two primary triggers for support. Precisely, the mining activity & transactional requirements through the Lightning Network. However, the former seems to have taken a massive blow, whereas the latter still leads the network to new heights. Here’s the Correlation The latest crypto market crash trapped Bitcoin miners within … Read more
Solana dominated the news lately after addressing this week’s exploit by emphasizing the need to heighten wallet address protection. Meanwhile, NEAR protocol took note promptly, taking the move to enhance security for NEAR wallet users. Moreover, Near Protocol recently confirmed securing reviews on the wallets early this week. That comprises searching for possible vulnerabilities that … Read more
Uniswap’s 7-day trading volume stood at $9.7 billion during this publication. That saw it extending its dominance in the decentralized exchange (DEX) market. Furthermore, Uniswap exceeded Coinbase in trading volume recently. That also confirms the flourishing reputation of DEXs within the industry. Nevertheless, does Uniswap has all it takes to conquer challenges from rivals like … Read more
A division is stemming up between crypto-friendly states and those against crypto development. Several regions have introduced heavy taxation on crypto firms, while others banned crypto usage. Regions that have introduced strict rules for crypto include Iran, China, and India. However, crypto-friendly nations exist, such as El Salvador, UAE, Singapore, and Switzerland. Meanwhile, countries like … Read more
Various institutions continue to integrate blockchain technology into their operations. This integration is due to the enormous benefits such as speed and security that the new tech offers. Recently, JPMorgan has joined the trend. The company now uses blockchain tech for collateral settlement. This will allow investors to use various assets as collateral. BlackRock Assets … Read more
