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Terraport V2 Set to Launch in July with Exciting Design Updates
26Jun By OLAJIDE SAMUELNo Comments
Blockchain

Terraport V2 Set to Launch in July with Exciting Design Updates

Terraport V2, the highly anticipated next version of the groundbreaking decentralized platform, is poised to revolutionize the world of digital assets and financial services. Recently, a sneak preview of the design work for Terraport_ V2 was unveiled, showcasing a visually stunning and user-friendly interface that promises to enhance the overall user experience. According to a tweet by TerraCVita, July will be a crucial month for delivering key aspects of the launch, subject to external Certik code audits and KYC compliance checks. Read Also: USTC Quant Team Proposal 11597 Takes Center Stage for Decentralized Money https://twitter.com/TerracVita/status/1672903659225509888 Terraport V2 Aims To Address Users' Challenges With the upcoming launch of Terraport_ V2, the team behind this ...
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Terraport 2.0 Faces Hacking Crisis as “Hackers” Manipulate LUNC Coin and Seek Support
23Jun By OLAJIDE SAMUELNo Comments
Blockchain

Terraport 2.0 Faces Hacking Crisis as “Hackers” Manipulate LUNC Coin and Seek Support

In a shocking turn of events, Terraport 2.0, the renowned blockchain-based logistics platform, has fallen victim to a hacking incident, leaving its users and stakeholders concerned about the future of the project. The perpetrators, dubbing themselves "hackers," executed a large-scale transaction on the popular LUNC cryptocurrency network, while simultaneously seeking support for the implementation of Terraport 2.0. The incident, which involved a substantial transfer of approximately 800 million LUNC tokens to a centralized exchange (CEX) followed by a subsequent dump, has sent shockwaves throughout the crypto community. Read Also: Tony Edward Foresees XRP Rally upon Bitcoin's Retracement Peak, Hinging on Ripple Lawsuit Outcome Terraport 2.0 Suffers Another Major Hack, 800M LUNC Transfe...
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Dentons Files Additional Documents in Support of Terraform Labs and Do Kwon’s Motion to Dismiss SEC Lawsuit
17Jun By CryptolifedigitalNo Comments
Blockchain

Dentons Files Additional Documents in Support of Terraform Labs and Do Kwon’s Motion to Dismiss SEC Lawsuit

Top law firm Dentons has filed supplementary documents in defence of Terraform Labs and its co-founder, Do Kwon, in their ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). The court hearing, which took place on Thursday, focused on whether the digital assets created by Terraform Labs should be classified as securities under an "investment contract." Dentons Lawyers Claim UST Is Not A Security Dentons lawyers, representing Terraform Labs and Do Kwon, strongly assert that the algorithmic stablecoin UST (now USTC) does not qualify as a security, as its primary purpose is practical rather than an investment contract. The additional documents submitted by the legal team support their motion to dismiss the SEC lawsuit and include pertinent evidence from various so...
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What To Know About Blockchain Interoperability
17Jun By Daniel AbangNo Comments
Blockchain, Uncategorized

What To Know About Blockchain Interoperability

Blockchain interoperability is vastly spreading in terms of usage, and popularity in the blockchain networks and it is really solving many problems of the inability of networks to connect together. The emergence of interoperability came to play when more blockchains kept on evolving and it was difficult for the different blockchains to interact with each other. For instance, let us consider the two entities of PC and Mac when you are using one of them you can't switch to the other one to continue your work. So interoperability surface to solve this kind of problem. What Is Blockchain Interoperability? Blockchain interoperability is the ability of blockchains to communicate with other blockchains. The basis of blockchain interoperability is the cross-chain messaging protocols, which...
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Binance.US and SEC Reach Agreement to Secure Customer Funds Amidst Lawsuit
17Jun By CryptolifedigitalNo Comments
Blockchain

Binance.US and SEC Reach Agreement to Secure Customer Funds Amidst Lawsuit

Binance, Binance.US, and the Securities and Exchange Commission (SEC) announced on Friday a proposed agreement that seeks to ensure the security of customer funds held by Binance.US in the short term. The deal is still pending approval from a federal judge overseeing the case. The proposed deal aims to address SEC's concerns while the broader lawsuit unfolds As part of the proposed agreement, Binance.US will take significant measures to prevent officials from Binance Holdings (referring to the global exchange) from accessing private keys for its wallets, hardware wallets, or obtaining root access to Binance.US's Amazon Web Services tools. This step aims to provide enhanced security and prevent any unauthorized access to customer funds. Read Also: Shibarium Testnet V2 Launch: Claim You...
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Chainlink Airdrop Finally Arrived As 15.2M LINK To Be Distributed Towards Eligible Users
7Apr By OLAJIDE SAMUELNo Comments
Blockchain

Chainlink Airdrop Finally Arrived As 15.2M LINK To Be Distributed Towards Eligible Users

Chainlink, a decentralized oracle network, has reportedly distributed 15.2 million LINK tokens to eligible users in a recent airdrop. According to a post on Twitter, the airdrop was intended for users who had staked LINK tokens or had used Chainlink's decentralized finance (DeFi) applications. Chainlink To Airdrop Its Users The airdrop is a way for Chainlink to reward its community and incentivize participation in the network. LINK is the native cryptocurrency of the Chainlink network, which is used to pay for Oracle services and incentivize node operators. Read Also: XRP Addresses Holding at Least $100K Shoots Beyond 13K https://twitter.com/chainlirk/status/1643925367764156416 Chainlink has become a popular choice for DeFi developers and projects, as it provides a reliable and ...
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Intercession Of Artificial Intelligence And Blockchain Technology.
27Mar By OLAJIDE SAMUELNo Comments
Blockchain

Intercession Of Artificial Intelligence And Blockchain Technology.

Artificial Intelligence (AI) and Blockchain are two emerging technologies that have the potential to transform various industries. AI refers to the creation of machines that can perform tasks that typically require human intelligence, such as speech recognition, decision-making, and visual perception. On the other hand, Blockchain is a decentralized, distributed ledger technology that enables secure and transparent record-keeping of transactions. When these two technologies are combined, they can create a powerful tool that has numerous applications across various industries. In this article, we will explore the intercession of Artificial Intelligence and Blockchain technology, their benefits and limitations, and how they can work together to create value. We will also look at some of t...
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Proposal To Burns The Whole Terra Classic Community Pool Is Released, LUNC To $1
23Mar By CryptolifedigitalNo Comments
Blockchain

Proposal To Burns The Whole Terra Classic Community Pool Is Released, LUNC To $1

The proposal that will allow the incineration of the whole community’s Oracle Pool, which amounts to hundreds of billions of LUNC tokens was released although it has gotten the minimum deposit required for voting. Notably, the community pool is a place where the Terra Classic community gets funds to bankroll projects and development efforts to advance the network. Terra Classic is a blockchain platform that is designed to enable decentralized finance (DeFi) applications. The platform is based on the Tendermint consensus algorithm and is designed to be highly scalable, secure, and efficient. One of the key features of Terra Classic is its community pool, which is a reserve of Terra Classic tokens that can be used to fund development projects and other initiatives within the Terra C...
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What Is The Future Of Central Bank Of Digital Currencies (CBDCs)
23Mar By CryptolifedigitalNo Comments
Blockchain

What Is The Future Of Central Bank Of Digital Currencies (CBDCs)

The rise of digital currencies, such as Bitcoin, has sparked a debate about the future of money and the role of central banks in managing it. Central bank digital currencies (CBDCs) have emerged as a potential solution to this issue. CBDCs are digital versions of fiat currencies that are issued and backed by central banks. This article explores the future of CBDCs, including their potential benefits, challenges, and impact on the global financial system. Benefits of CBDCs CBDCs offer several potential benefits over traditional fiat currencies. First, CBDCs could reduce the cost and time associated with traditional payment systems. Traditional payment systems are slow, expensive, and often require intermediaries. CBDCs could eliminate the need for intermediaries and provide instant, low-c...
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