Wednesday, February 28Welcome to Cryptolifedigital

Blockchain

Ronin, an Ethereum-linked sidechain To Go Live This Coming Thursday After A Major Hack
Blockchain

Ronin, an Ethereum-linked sidechain To Go Live This Coming Thursday After A Major Hack

Ronin, an Ethereum-linked sidechain that hosts the Axie Infinity play-to-earn game, intends to commence its bridge again next week which will make it 3 months after it suffered a $600 million hack. The Ronin March 23rd Hack On March 23, hackers later identified as the North Korean group Lazarus, took control over five out of the nine validator nodes on Ronin, allowing them to steal 173,600 ETH and 25.5 million USDC from the bridge. These funds were that time over $600 million, making it one of the biggest hacks to date. Then, the team has to freeze the exploited bridge and stop Katana, a decentralized exchange on the sidechain. Read Also: Charles Hoskinson Testify At The Present Of The US Congress On The Cryptocurrency Regulation The bridge is set to go live this coming Thursd...
Despite The Downsides, Vitalik, Ethereum Co-founder is optimistic About The Ethereum Blockchain.
Blockchain

Despite The Downsides, Vitalik, Ethereum Co-founder is optimistic About The Ethereum Blockchain.

Vitalik Buterin gave a word of encouragement to the Ethereum blockchain and the crypto sphere as a whole. Talking to Fortune on Wednesday, Buterin said “Crypto has had ups before, and it has had downs before, and it will have ups and downs again,” he also added that “The down periods are certainly challenging, though they are also often the periods where the most meaningful projects get nurtured and built.”  Follow Us on Twitter Drawing from the collapse of the Terra blockchain to Celsius pausing withdrawal, which indicated the rumor of bankruptcy. Not long after the aforementioned events, the Three Arrows Capital fiasco surfaced, leaving the crypto a sense of doubt about the future of the emerging firm. Read Also: Terraform Labs CEO, Do Kwon said he has “great confidence” in ...
Terraform Labs CEO, Do Kwon said he has “great confidence” in the company’s ability to “build back even stronger” than before.
Blockchain

Terraform Labs CEO, Do Kwon said he has “great confidence” in the company’s ability to “build back even stronger” than before.

According to the  Wall Street Journal, Terraform Labs CEO, Do Kwon said in an interview published on Wednesday, that he has “great confidence” in the company’s ability to “build back even stronger" than before. Kwon displayed a level of confidence in rebuilding the Terra blockchain following the collapse of its predecessor in May. The proposal to relaunch the Terra blockchain and fabricate a new token was initiated in May which was succeeded by majority votes among the holders of Terraform Labs’ Luna governance token. Read Also: Tether To Release A Stablecoin Pegged To The British Pound In Early July. The votes than were in favor of the creation of a new blockchain called Terra while by the side, the old version was renamed Terra Classic.  “Many builders are in the pro...
Magic Eden’s Valuation Up To $1.6 Billion As Additional Investment Of $130 Million Was Raised In Series B
Blockchain

Magic Eden’s Valuation Up To $1.6 Billion As Additional Investment Of $130 Million Was Raised In Series B

As stated by  Cryptoslam Solana is second to only Ethereum in terms of 24-hour NFT activity with $4.7 million in daily sales compared to Ethereum’s $15.3 million. Although many NFT collectors and investors chose Solana over Ethereum for the following reasons: Industry-standardFaster transaction times than EthereumLower costs than Ethereum One of the marketplaces for Solana NFT, Magic Eden has experienced its spike following a new round of funding. Read Also: Rev. Dr. Doge Discloses The Acceptance Of Shiba Inu Alongside Some Few cryptos As Donations By The First Miami Presbyterian Church Facts about Magic Eden Magic Eden is a community-centric company that works hard to be responsive, close to the ground, and in service to the best interests of our collections. They air...
CZ Revealed The Brain Behind The Binance’s Exchange Escape During Cloudflare Outage
Blockchain

CZ Revealed The Brain Behind The Binance’s Exchange Escape During Cloudflare Outage

The CEO of Binance, CZ, revealed the way out of the short-term suspension of the web services. The work of exchange on Binance was not affected despite the shutdown, although the Some of its services, like CoinMarketCap, of course, we're also suspended. Read Also: Rev. Dr. Doge Discloses The Acceptance Of Shiba Inu Alongside Some Few cryptos As Donations By The First Miami Presbyterian Church https://twitter.com/Cloudflare/status/1539140097374793728 Earlier today, Cloudflare was hanging up which resulted in the inability of the crypto exchanges like FTX, OKX, Bitfinex, Bitmex, and Coinbase to access sites. Platforms like Xumm Wallet and Discord also went through the trouble. CZ revealed How the Binance exchange was not affected. When the Binance CEO was asked about the br...
Lotus, The Iconic British Performance Car Brand  To Launch Its NFT In Partner With Ripple
Blockchain

Lotus, The Iconic British Performance Car Brand To Launch Its NFT In Partner With Ripple

Lotus, the iconic British performance car brand set to launch into NFTs.  It is to partner on its first NFt collection with industry expert NFT PRO, and with Ripple as the blockchain partner providing technical support on the ultra-fast, low-cost, and carbon-neutral XRP Ledger (XRPL) blockchain. Read Also: Vasil Hard Fork Is Postponed Till Late July To Ensure correct deployment The partnership between Lotus and NFT PRO marks the car brand’s debut in the web3 space by creating a community of exciting new chances for:  Lotus customersNFT collectors Crypto-fans The benefit of the Partnership The forthcoming launch of Lotus NFTs on the XRPL allows creators and collectors to come to a point and experience Lotus cars in a new and lively environment that includes un...
Solana-based DeFi lending protocol Solend has Initiated another governance vote to refute the recently-approved Proposal To Takeover Whale’s Wallets.
Blockchain

Solana-based DeFi lending protocol Solend has Initiated another governance vote to refute the recently-approved Proposal To Takeover Whale’s Wallets.

Solana-based decentralized finance lending protocol Solend has fabricated another governance vote to refute the lately-approved suggestion that allows Solend Labs  “emergency powers” to access a whale’s wallet to avoid liquidation.  Read Also: Shytoshi Kusama, SHIB's lead developer Says Revenue from outside the space "is a good idea." As Talks On The Importance Of Partnership For Shiba Inu Governance vote was created on Sunday by crypto leading platform and titled “SLND1: Mitigate Risk From Whale.” To allow; Solends to reduce the risk that the whale’s liquidation poses to the market by letting the lending the platform access the whale’s walletAnd allow the liquidations to happen over-the-counter (OTC) The reason behind this is; As stated by Solend, if the Solana d...
Binance To Switch Its Current Payments Partner In Brazil To Proffer Solutions For Users
Blockchain

Binance To Switch Its Current Payments Partner In Brazil To Proffer Solutions For Users

Binance, the biggest cryptocurrency exchange,  said in a blog post on Friday, will be switching its current payments partner in Brazil to proffer solutions for users while driving the acquisition process from the local brokerage company Sim; paul, authorized by the Central Bank and the Securities and Exchange Commission (CVM). It will switch from capitual to a local payment provider with extensive experience which will be announced soon. To have a smooth transition in the coming week, Binance says it will take all necessary steps which include the legal related to capitual to prevent users from adverse effects of the transition. As earlier reported by CoinDesk, Binance had suspended deposits and withdrawals in Brazilian reals via Pix. Binance said on the platform that deposi...
QUIC Protocol Will Be Implemented on the Solana Network To Eradicate Performance Declination
Blockchain

QUIC Protocol Will Be Implemented on the Solana Network To Eradicate Performance Declination

In the last 10 months, Solana has suffered performance declination on three different occasions; which range from how Solana went down for nearly 17 hours the last September due to the overwhelming traffic emanation from DeFi token launch, to the same downtime that happen recently in April that took 7 good hours and the most recent one in June 1st that claimed hours. The problem was traced to the performance bugs in the blockchain, specifically in the transaction processing unit (TPU). During those times when the system was down, the number of transactions processed per second dropped from thousands to just tens. Read Also: Dogecoin Welcomes Community Feedback On The preview Of The New Dogecoin website. Because of this, Solana developers came together to think of how to eradicate...
Edgevana, a startup promising scalable capacity In Edge Locations Adds Support To the Solana, A Web3 Blockchain Firm.
Blockchain

Edgevana, a startup promising scalable capacity In Edge Locations Adds Support To the Solana, A Web3 Blockchain Firm.

Edgevana, a startup promising scalable capacity in Edge locations that aims to be a leader in Blockchain Infrastructure and Ecosystem Services has added support on the Solana, a web3 blockchain firm. What is Edgevana? Edgevana was created in 2019 by data center industry veterans Mark Thiele and Subhan Jahromi with the express goal of simplifying and speeding up the selection, provisioning, and deployment of the data center, co-location, and edge computing facilities. Read Also: BabyDoge Becomes The Most used Smart Contrast by BNB whales As 2.6 Quadrillion Was Sent Into dead-end Wallets. What does Edgevana have to offer? Edgevana makes adopting edge computing easy for rapidly emerging web3 companies like the Solana Foundation and highly distributed, P2P networks like FileCoi...