Category: Blockchain News

Metaverse Faces A Severe Real-Estate Meltdown, Job Postings Tank 81% in Q2 2022

Metaverse was the hot topic during the crypto bull run of 2021, especially as social media giant Facebook made a massive pivot to the virtual world. However, the real estate market in the Metaverse is facing a severe meltdown. As per data presented by The Information, the average price per parcel of virtual land has tanked by […]

Continue Reading

SOL Hack Update: Exploit Allegedly Tied To A Slope Finance Bug; Slope Reacts

Pandemonium spread within the crypto community from the early hours of August 3 till the close of the day, due to the multimillion dollar hack that drained over $6 million from most Solana users’ wallets. Solana was understandably blamed for the exploit, despite limited information on the nature of the mechanism employed. However, an update […]

Continue Reading

Breaking: Ethereum Founder Vitalik Buterin’s Idea For Ultra Secure Blockchain

Vitalik Buterin, the founder of Ethereum has proposed a solution to build an ultra-secure blockchain. Commenting on the classic debate of optimistic rollups vs ZK rollups, Buterin proposed a hybrid model that can take the best of both worlds.  The Debate Between Rollups Rollups are Layer 2 solutions that aim to improve the scalability of […]

Continue Reading

Breaking: Ukraine Cancels Awaited Airdrop For Crypto Donors

Ukraine has cancelled its upcoming airdrop for crypto donors scheduled today. Earlier as reported by CoinGape,  the airdrop event was likely targeted by a phishing attempt. The country will instead issue NFTs to thank its crypto donors, at an unspecified time. Ukraine will issue NFTs to thank donors The move comes as what seemed like […]

Continue Reading

Just-In: EU Postpones Bill To Ban “Proof Of Work” Tokens; ECB Calls For Immediate Regulations

European Central Bank President Christine Lagarde called for immediate regulations on cryptocurrencies in the bloc, citing potential use by Russia to bypass recent economic sanctions. Speaking with reporters during an informal meeting of ministers for the economy and finance on Friday, Lagarde said lawmakers needed to act quickly to regulate the growing asset class. She […]

Continue Reading

Sandbox (SAND) Price Test 0.50% Fibonacci Retracement At $4.5

Sandbox (SAND) price rises for the second straight day on Saturday. SAND has rallied more than 65% from the January 22 lows. However, the extent of this rally is expected to reach its saturation point at the 0.50% Fibonacci retracement. Sandbox (SAND) price extends the previous session’s gains on Saturday. More upside if the price […]

Continue Reading

Cardano (ADA) Price Rises By 30% Last Week, Transactions Volume in last 24 hrs Surpasses $5 Billion

In the past week, as most of the crypto coins have traded sideways, Cardano’s ADA token has shown a surge in its trajectory. Often regarded as Ethereum’s nemesis, ADA rose by 30% in the last seven days, while coins like Bitcoin, Ether, Solana, and XRP just rose by less than 5%, according to independent cryptocurrency […]

Continue Reading

MultiChain users at risk of Getting Hacked, as Six Cross-Chain Tokens Experiences Vulnerability

Multichain (previously Anyswap), a Cross-chain Router Protocol (CRP) that allows for on-chain asset interoperability, has warned its users that they might be at risk of getting hacked. To forestall this risk, users have been advised to revoke wallet permission for 6 tokens listed on the platform. Multichain directs users on how to mitigate the risk […]

Continue Reading

Cross-Chain Applications Receive A Negative Response From Vitalik Buterin

The “basic security limitations of bridges,” according to Ethereum’s co-founder, are the primary reason for his dislike. On Friday, a Reddit post by Vitalik Buterin, the co-founder of Ethereum (ETH), underlined major security problems around cross-chain bridges in the blockchain ecosystem, which he believes are being overlooked.  Because native assets (such as Ethereum on Ethereum […]

Continue Reading