Blockchain Archives - Page 19 of 28

The South Korean Crypto Exchanges To Compensate Investors For Their Loss In The Course Of Terra Collapse

10Aug

By CryptolifedigitalNo Comments

Blockchain

The South Korean Crypto Exchanges To Compensate Investors For Their Loss In The Course Of Terra Collapse

As a result of Terra's collapse, the South Korean institutional and retail investors lose a huge amount of capital. The cryptocurrency exchange in South Korea met and announced the plan to compensate the investors in that region. Owing to the crash, the investor lost billions which led to the promise mentioned earlier by the cryptocurrency exchange which includes Upbit and Korbit. Read Also: Ethereum PoW Manifesto Reveals Their Plan To Abolish EIP-1559 As Merge Approaches And The Ethereum's Buterin Stands To Defend The Tornado Cash Read Also: Nigeria And Some Crypto-Restricted Regions Can Now Pay Their Utility Bills Via Cryptos Like BTC And ETH: Manila Finance The total compensation from both exchanges in May accounts for approximately $30 million. .blockspare-d803f580-9222...

Do Kwon Suggests Decentralized Money For The Crypto Space And The Crypto Community Attacked Him Instantly

9Aug

By Cryptolifedigital5 Comments

Blockchain

Do Kwon Suggests Decentralized Money For The Crypto Space And The Crypto Community Attacked Him Instantly

Unfortunately, the Terraform labs CE, Do Kwon’s belief in the crypto did not sound well into the earing of the Twitter community. Do Kwon stated: “Decentralized networks need decentralized money – obvious today more than ever,” Following his tweet, the crypto community did not waste time responding to his unpalatable belief, he turned off the comment session, but the member made use of the quote tweet to express their feelings. https://twitter.com/Mounia_NL/status/1556860848676769793 The whole scenario burned down to Do Kwon’s attempt at decentralized money which went bad for many and they were convinced that he has defrauded them. The UST which ought to fill the decentralized money gap being supported by Bitcoin reserves caused LUNA and UST holdings held by investors to bec...

Chainlink Says It Will Not Support The Fork Version Of The Ethereum After The Merge

8Aug

By Cryptolifedigital1 Comment

Blockchain

Chainlink Says It Will Not Support The Fork Version Of The Ethereum After The Merge

According to the leading smart contracts infrastructure provider on the Ethereum network with an important footprint in DeFi, enterprise, and NFT/gaming arena, Chainlink has announced that the contentious fork after the merge will not be possible as this is in alignment with both the Ethereum Foundation's and the Ethereum community’s plan to upgrade from the former proof-of-work to the coming proof-of-stake. Read Also: Over 70,000 Holders Have Joined The Class-Action Lawsuit Against The SEC, Victory Is Ascertained For Ripple Read Also: Ethereum's Vitalik's Proposal To Add A Significant Amount Of Privacy To The NFT Ecosystem Has Triggered A Debate On Transparency In The Blockchain This is said, as the blockchain security experts point to the possibility of the ETH holders getting ...

Ethereum’s Vitalik’s Proposal To Add A Significant Amount Of Privacy To The NFT Ecosystem Has Triggered A Debate On Transparency In The Blockchain

8Aug

By Cryptolifedigital2 Comments

Blockchain

Ethereum’s Vitalik’s Proposal To Add A Significant Amount Of Privacy To The NFT Ecosystem Has Triggered A Debate On Transparency In The Blockchain

As stated by Ethereum’s founder, Vitalik Buterin on his Twitter handle, giving his view on the need for more privacy in sending NFT to Vitalik.eth anonymously to everyone except him. Although, while a good number of people showed interest in blockchain because of its level of privacy, there are bad eggs that use the advantage to perform all kinds of hacks through the Tornado Cash developed by Ethereum. https://twitter.com/VitalikButerin/status/1556548617636556800 It is known while Butering was proposing the lightweight technology, the original author of the proposal Nerolation opts to use Zero Knowledge technology. Read Also: ApeCoin Now Becomes A Global Payment Method Via BitPay Read Also: Everest Partners With Bitso To Allow The Everest Users To Do Cross-border Payment ...

Everest Partners With Bitso To Allow The Everest Users To Do Cross-border Payment From XRP, BTC And Other Cryptos To Mexican Peso

6Aug

By Cryptolifedigital2 Comments

Blockchain

Everest Partners With Bitso To Allow The Everest Users To Do Cross-border Payment From XRP, BTC And Other Cryptos To Mexican Peso

Latin American-based cryptocurrency platform, Bitso partners with Everest, the first licensed cryptocurrency custodian offering stablecoins to allow Everest users, Mexican receives funds in their native fiat. The update was made known through Everest’s Twitter handle. https://twitter.com/EverestDotOrg/status/1554932515173015554 As said earlier, the collaboration will allow the Everest users to receive cross-border transactions from Europe, the US, and Singapore into their native country, Mexico. Read Also: ApeCoin Now Becomes A Global Payment Method Via BitPay Read Also: Vitalik Buterin Says "I Don’t Expect Ethereum To Be Significantly Affected By Another Fork" Interestingly, the Mexico-US corridor is the second-largest international payment corridor globally, wi...

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

4Aug

By CryptolifedigitalNo Comments

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

3Aug

By Cryptolifedigital4 Comments

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

30Jul

By CryptolifedigitalNo Comments

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

30Jul

By Cryptolifedigital2 Comments

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

28Jul

By CryptolifedigitalNo Comments

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...