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Blockchain

Solana’s Exploit Was Isolated To One Wallet On Solana, And Hardware Wallets Used By Slope Remain Secure
Blockchain

Solana’s Exploit Was Isolated To One Wallet On Solana, And Hardware Wallets Used By Slope Remain Secure

Since the attack that occurred in the Solana block on 3rd August, the developers have been on a serious investigation alongside the ecosystem teams and security auditors. As previously reported by Cryptolifedigital on the 3rd of August, The exploit reportedly happened before 5 am and as of 5 am UTC approximately 7,767 Solana wallets have been affected. Read Also: SEC Disagrees With The Ripple's Request To Serve Two Non-Parties Subpoenas To Authenticate Seven Copies Of Video Recordings Of SEC Officials’ Public Remarks Read Also: Shiba-Inu-themed blockchain-based restaurant, Welly Is Now The Most Eaten Fast-food On The UBER EATS With immediate effect, Solana teams, the Engineers from multiple ecosystems, with the help of several security companies investigated the rained wallets...
VeChainThor Announces Its XP.NETWORK’s CrossChain NFT Bridge Now Live On The Mainnet
Blockchain

VeChainThor Announces Its XP.NETWORK’s CrossChain NFT Bridge Now Live On The Mainnet

Recall, that in early 2022, Vechain shared a mission statement which focused on the growth of its tools, community, services, and global presence. In the quest to achieve this, VeChain hasn’t ceased working. For instance opening the offices in Europe, setting plans to employ 100 foundation developers and proceeding to upgrade the beating heart of VeChainThor with revolutionary technology like POA2.0. VeChain announced the successful grant application of the specialist NFT cross-chain bridge builder, XP.NETWORK. After much work by the VeChain team, the XP.NETWORK’s NFT bridge has now officially gone live as revealed on their official Twitter handle. Read Also: Approximately 7,767 Solana Wallets Have Been Affected Through A Recent Exploit And Engineers Are Working To Get The Root C...
Mirana Venture Address, A Three Arrow Capital Victim Is Dissected By Narsen, A Blockchain Analytic Firm
Blockchain

Mirana Venture Address, A Three Arrow Capital Victim Is Dissected By Narsen, A Blockchain Analytic Firm

Recall the recent collapse of Three Arrow Capital, which led to multi-million users has been digested. As stated by the blockchain analytic firm, Narsen, the brain behind the collapse of Three Arrow Capital has been revealed. https://twitter.com/nansen_ai/status/1553100830663856128 As stated by Narsen, its attention was directed towards whales, Mirana because the company’s website listed some familiar names as investments. Mirana Corp address:  (0x738505fa491c972a196582176685fc790d2bdda5) was included in the list of jilted 3AC creditors. The address, which belongs to Mirana Ventures, lost $13 million in the unfortunate 3AC collapse.  Mirana once filed legal proceedings against 3AC in a Singapore Court due to its loss. Although Mirana’s website looks scanty fo...
The New Solana Space Opened To Bring Thousands Of People Per Month To The Solana Ecosystem
Blockchain

The New Solana Space Opened To Bring Thousands Of People Per Month To The Solana Ecosystem

Talking about the new Solana Space opened in the swanky Hudson Yards New York on Thursday, the CEO of Solana Spaces, Vibhu Norby stated that it will introduce up to 100k people every month to the Solana ecosystem which also revealed his intention of opening a virtual storefront in the future. “I don’t think people realize this but we’re going to bring 50 to 100,000 people into Solana every month through these stores — and that’s just this year.” The CEO also said in the course of engaging the community in an impromptu Twitter AMA on launch day that the store is built to teach the new users about how to go about the decentralized applications, dApps. Norby said Solana is home to over a thousand DApps which range from trading platforms, gaming and NFTs down to Social media. htt...
Hacker Used A $10M USDC Fast Loan To Further Issue An ANA For A Similar Sum Of Money On Nirvana Finance, $3.5M Was Stolen
Blockchain

Hacker Used A $10M USDC Fast Loan To Further Issue An ANA For A Similar Sum Of Money On Nirvana Finance, $3.5M Was Stolen

The general crypto industry is just recovering from the attacks on crypto finance protocols and another hit just occurred to deepen the existing wound. This season has tuned out to be unfriendly to the crypto sphere. Barely three months now the attack of FUD on the USDT collateral, the partial de-peg of USDD and USDN, the multi-billion dollar crash of the Terra together with its stablecoin UST and LUNA, the incident happened to Three Arrow Capital, and many more. As stated by the crypto analysts firm, PeckShield, Solana-based Nirvana Finance got a big attack on its DeFi-protocol token, ANA together with its stablecoin NIRV plunged in value by 90%. https://twitter.com/peckshieldalert/status/1552589510986215425?s=21&t=NoIM-FN6JAgGi1--gigLrg $3.5 million Was Stolen As state...
Terra Chain Needs To Be Stopped For Three New Updates To Be Added As Proposed By Terra
Blockchain

Terra Chain Needs To Be Stopped For Three New Updates To Be Added As Proposed By Terra

Implementing the proposal which was voted for by the community needed some issues about the creation of special accounts and how transactions are run on them needs attention. The proposal was tagged proposal 894 and has already been passed to the community. At the moment, Terra is working on suitable plans for the upgrades. And for the upgrades to be implemented, Terra Chain needs to be interrupted for some time at block height 890000 at around noon UTC on July 29th for the validators to execute the upgrade. Read Also: The 10th Shadow Fork Has Been Executed By Ethereum's Developers In the Preparation For the Main Merge. Read Also: Ripple's General Counsel, Alderoty Tagged SEC Approach A "Bullying" While Stating The Urgent Need For a Comprehensive Legislative Structure For Crypto ...
FOMO Pay To Use Ripple’s On-Demand Liquidity (ODL) Technology To Enhance Its Treasury Payments
Blockchain

FOMO Pay To Use Ripple’s On-Demand Liquidity (ODL) Technology To Enhance Its Treasury Payments

In a Monday update by Ripple, a blockchain company announced its partnership with FOMO pay, one of the leading payment institutions in Singapore. With this collaboration, FOMO Pay will be able to enhance its treasury remittances via Ripple’s On-Demand Liquidity (ODL) technology and gain persistent proximity to liquidity for the euro and the U.S. dollar. Long before the partnership of FOMO Pay with Ripple, the transaction of the company has to wait days to reach the destination account due to the inefficient mode of payments. Fortunately, the partnership has turned the table, FOMO Pay now has all-time access to the liquidity for euro and USD through their leveraging ODL for treasury payment. As stated by Louis Liu, the founder, and CEO of FOMO Pay: “As one of the leading payment i...
Blockchain-based Metaverse And Web3 Platforms To Form An Open Alliance For Web3 To  Settle Interoperability Issues
Blockchain

Blockchain-based Metaverse And Web3 Platforms To Form An Open Alliance For Web3 To Settle Interoperability Issues

In an attempt to overcome the issue of interoperability in the industry, the blockchain-based metaverse and web3 platforms have come to a common point to form an Open Metaverse Alliance for Web3 (OMA3). The alliance is said to have four fundamental principles which include: TransparencyInclusivenessDecentralizationDemocratization Open Metaverse Alliance for Web3 will be founded as a DAO, Decentralized Autonomous Organization to aid a governance system that is “transparent and user-centric.” It will aim its efforts on specific metaverse-related topics, such as standards for non-fungible tokens (NFTs), protocols, transferable identity, portals between virtual worlds, mapping, and indexing. Read Also: Ripple User, Airwallex To Launch Its Online Payment App on Shopify. Read A...
American Chamber of Commerce in Mongolia (AmCham Mongolia) Welcomes IOG Of Cardano As The First Blockchain Partner
Blockchain

American Chamber of Commerce in Mongolia (AmCham Mongolia) Welcomes IOG Of Cardano As The First Blockchain Partner

The AmCham members announced the arrival of the IOHK to their platform. The announcement was made on Tuesday by the American Chamber of Commerce in Mongolia. https://twitter.com/InputOutputHK/status/1549269907292000256 Fortunately, AmCham Mongolia made it known that IOG is the only blockchain company in the organization. More also, AmCham Mongolia says in the tweets that the IOG focuses on the decentralized remote working organization committed to the highest principles of academic rigor and evidence-based software development. They build high-assurance blockchain infrastructure solutions for public, private sector, and government clients. Read Also: SHIB Is Now In the Top 10 In terms Of Trading Volume Among The 100 Largest ETH Whales In The Last 24 Hours. https://twitter.c...
Polygon, the Ethereum layer-2 platform Is The Only Selected Blockchain Platform In the 2022 Disney Accelerator.
Blockchain

Polygon, the Ethereum layer-2 platform Is The Only Selected Blockchain Platform In the 2022 Disney Accelerator.

Polygon is an Ethereum layer-2 platform built to settle the issue of slow speeds, without sacrificing on security and high transaction fees of the Ethereum blockchain. The Polygon platform has been selected by Walt Disney Co. to build Web 3 technology. Polygon is one of six companies selected to participate in Walt Disney’s 2022 Accelerator program, a business and development program aimed at erecting immersive experiences via technology such as AI, augmented reality, and NFTs. Read Also: Charles Hoskinson Responds To The View Of Michael Saylor On Cardano. Disney’s accelerator was launched in 2014, in which the participants were allowed to receive training from the Disney Accelerator Team and from Disney’s Leadership team itself. Polygon Is The Blockchain Selected It was no...