Tag: Blockchain Tech

Ethereum 2.0’s Medalla Testnet Crashed Last Week; Prysmatic Labs Releases Fix

Ethereum 2.0’s Medalla Testnet Crashed Last Week; Prysmatic Labs Releases Fix

Ethereum 2.0’s final Medalla testnet, which was launched on August 4, experienced a crash last week where validators found themselves losing up to 25% of their holdings and validator participation on the network dropped straight from close to 80% to 0% in a matter of minutes, according to a diagram shared by u/vinL0r on Reddit. […]

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High DeFi Rewards Won’t Last with New Tokens Continuously Flooding the Market, Says CZ

High DeFi Rewards Won’t Last with New Tokens Continuously Flooding the Market, Says CZ

Decentralized finance (DeFi) continues to hit higher-highs as the numbers for DeFi’s total market capitalization and the total locked value in DeFi projects grow without any signs of abating, week after week. The hype is understandably high with the unprecedented amount of rewards to be reaped from DeFi tokens, but with the relentless DeFi craze, […]

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Asia Adopts Blockchain for Voting, Anti-Counterfeit and Fraud Measures, Data Security & More

Asia Adopts Blockchain for Voting, Anti-Counterfeit and Fraud Measures, Data Security & More

We are truly embracing the new digital age, which is seeing the integration of Web 3.0 technologies, Artificial Intelligence, Distributed Ledger Technology and more into variegated processes and industries as we know it. Governments and businesses have long set their sights on the eventual digitization of archaic systems used today, but these plans were hardly […]

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Singapore Crypto Association Releases New Standards to Oversee Crypto Practices 

Singapore Crypto Association Releases New Standards to Oversee Crypto Practices 

The Association of Cryptocurrency Enterprises and Start-ups Singapore (ACCESS) has introduced a Code of Practice for crypto-related businesses in the country in collaboration with the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), aimed at standardizing guidelines to “help digital asset players strengthen regulatory compliance”. This is supplementary material that […]

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Russia Plans to Track BTC & Crypto Transactions with New AI Tool

Russia Plans to Track BTC & Crypto Transactions with New AI Tool

According to Russian news media RBK, Bitcoin and crypto transaction tracking will soon be under the purview of the Russian Financial Crime Agency Rosfinmonitoring in a new project, where the agency intends to utilize artificial intelligence (AI) technology to render these transactions transparent to authorities.  The agency was established in 2001 to oversee anti-money laundering […]

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DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

The latest of rising stars in the DeFi sector, decentralized exchange (DEX) aggregator 1inch recently closed a funding round led by Binance Labs and other institutional players in the market, such as Galaxy Digital, Dragonfly Capital, FTX, Loi Luu, the Founder of Kyber Network, Illia Polosukhin, the Co-Founder of NEAR Protocol and others. 1inch has […]

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Bitcoin Briefly Hits $12K; Network Transaction Fees Increases by Nearly 100% in 24 Hours

Bitcoin Briefly Hits $12K; Network Transaction Fees Increases by Nearly 100% in 24 Hours

The world’s largest cryptocurrency has made great strides in the past two weeks as it finally smashed through the $10,500 mark for the first time this year after failing to do so on multiple occasions. Bitcoin’s strong bullish momentum pushed the asset to the $12,000 level on August 10 before dipping substantially within 10 minutes […]

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India’s Largest Crypto Exchange CoinDCX Launched Staking Services for Users

India’s Largest Crypto Exchange CoinDCX Launched Staking Services for Users

CoinDCX, India’s largest cryptocurrency exchange, is now offering its users staking services and the opportunity to earn further rewards by locking up their assets on the exchange platform. Three cryptocurrencies are involved in this program, namely Harmony (ONE), qtum (QTUM) and Tron (TRX). All users need to join the staking program is to have a […]

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