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Another criptome bridge hacked for $100 million
... before the Harmony hack. Bridges are particularly vulnerable to hacks because their technology is complex and they are often run by anonymous teams. The way they safeguard funds is often unclear. The amount of money on bridges connected to the Ethereum blockchain has declined by 60% in the last 30 days, to less than $12 billion, per tracker Dune. This has been triggered by a wider market slump and the concerns surrounding the lender Celsius Network and the hedge fund Three Arrows Capital . The Age ...
Updated: 06/24/2022
RBI to collaborate with Indian banks to build blockchain project
The Reserve Bank of India RBI hopes to collaborate with multiple top Indian banks to build a proof-of- concept blockchain project that focuses on trade financing. The Reserve Bank of India RBI hopes to collaborate with multiple top Indian banks to build a proof-of- concept blockchain project that focuses on trade financing. As reported by The Economic Times ...
Updated: 06/24/2022
dYdX moving to Cosmos to offer advanced criptofinancial products
The order book decentralization exchange, dYdX, is leaving the Ethereum blockchain to set up a native chain on the Cosmos ecosystem. The order book decentralization exchange, dYdX , is leaving the Ethereum blockchain to set up a native chain on the Cosmos ecosystem. The project defines itself as offering advanced criptofinancial ...
Updated: 06/24/2022
Ripple Labs opens office in Toronto to create engineering hub
... the space because of the most exciting industries in which it is so exciting to work in. We are able to expand our presence globally with our first office in Toronto, and we are continuing to invest in our business. Ripple already has a University Blockchain Research Initiative UBRI in the region and they are working with universities and colleges such as the University of Waterloo and Toronto Metropolitan University . Ripple plans to expand across the globe and has opened offices in Miami Florida ...
Updated: 06/24/2022
Mark Zuckerberg says Meta will reach billions of people who spend billions
... s CFO , David Wehner . Meta s expenses from 2021 were between $90 billion and $95 billion. The company said they would be slowed down the hiring pace as well as other expense cuts to reduce expenses. A few days after this announcement, the public blockchain network host Difinity Foundation sued Meta for allegedly using Difinity 's logo. The Foundation said Meta 's use of its logo could cause harm to its reputation. Despite these challenges, Zuckerberg is very optimistic about Meta 's growth....
Updated: 06/23/2022
Ethereum’s Goerli, Sepolia testnet will be shut down after merge
... off in the last quarter of this year. Ropsten would be available in the second and third quarters of this year. It would be disabled a year after the Sepolia testnet successfully transitioned to proof-of- stake. Once the upgrade is completed on the blockchain, the role of maintaining and running the two testnets would be under the sole purview of client developers. While Goerli will be merged with the Prater Beacon Chain testnet, its chain will remain open for those who want to run a testnet validator....
Updated: 06/23/2022
Criptocurrency theft is on the rise, says Chainalysis
Since Q 1 of 2022, the market downturn in criptocurrency has taken centre stage attention. It is not the only area of concern. Since Q 1 of 2022, the market downturn in criptocurrency has taken centre stage attention. It is not the only area of concern. CipherTrace recently reported that the spontaneous growth in the legitimate use of cryptocurrencies dwarfed its use for illegal activities. In 2021, it was stated that illicit use was just 0.15% of the transaction volume of cryptocurrencies. Despite...
Updated: 06/23/2022
Journal du Coin founder Sami Ben explains his origins behind the staking revolution
... on YouTube . Keeping a media outlet profitable turned out to be harder than anticipated, despite the huge following he amassed. Sami said that the company could have made easy money by promoting a number of sketchy projects, as a result of the Paris Blockchain Week. He worked so hard to build, but doing this would seriously damage the integrity he worked so hard to build. The foundations of criptocurrencies appeared as an unlikely savior in the search for a solution that would allow the company to ...
Updated: 06/22/2022
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