blockchaintechnology
Proof of stake blockchain Tezos has unveiled a series of new updates. Dubbed Tezos X, the upgrade is a move towards a more efficient Layer 1 (L1) blockchain. Per a June 27 blog post, the developers consider the upgrade the next evolution for the self-upgradeable Tezos blockchain. When deployed, the blockchain is expected to see improvements in performance, composability and interoperability. The developers are looking to optimize each component so that they work seamlessly together. A modular approachDevelopers have been working on this update since early 2022. The goal was to move away from i...
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Global investment manager VanEck has filed for a spot Solana exchange-traded fund in the United States. The company’s move comes after the Securities & Exchange Commission approved Bitcoin ETFs early in 2024 and positive developments for Ethereum exchange-traded funds. The U.S. SEC authorized Ether ETFs’ 19b-4 forms in May and they will start trading after approved registration statements. The authorization saw VanEck unveiling a new Ethereum exchange-traded fund. Meanwhile, market experts suggest that ETH ETFs will start trading next week. Meanwhile, VanEck’s head of research Mathew Sigel add...
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MakerDAO (MKR) emerged as a top gainer in the crypto market over the past day. The altcoin climbed from a daily low of $2,335 to $2,557 – an over 10% increase. MKR’s price surge comes after a Tuesday X post by stablecoin DAI creators and DeFi lending platform MakerDAO. The protocol announced a $1.35 million bug-finding context hosted on the competition platform, Sherlock. The context, scheduled to run between 8 July and 5 August 2024, is crucial as MakerDAO nears the Launch Season – the initial chapter of the Endgame, coming later this summer. “This is a unique opportunity to collaboratively s...
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The Switzerland-based non-profit organization Hashgraph Association has inked a strategic deal with Blade Labs to accelerate a financial revolution in the Middle East. According to the press release, the partnership will bolster digital transformation by bringing distributed ledger technologies to traditional finance. The Qatar Financial Center-certified Blade Labs will deploy Sharia-compliant securities platforms designed to enhance collateral management, improve liquidity, and reduce businesses’ operational costs through fund tokenization. That will bolster capital efficiency and ensure adva...
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The Cardano Foundation has unveiled a detailed governance plan ahead of the Chang hard fork, designed to make the blockchain fully decentralized. The new Interim Constitutional Committee (ICC) will handle vital roles during the transformative upgrade, monitoring vital governance decisions and actions. The new governance approach will foster a transparent and robust decentralized framework, ensuring integrity and steady success for the Cardano blockchain. That will bolster Cardano’s stability, making the project home for developers and crypto investors. Cardano’s new governance ahead of the Cha...
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The cryptocurrency market remained downbeat ahead of tonight’s US presidential debate. Digital assets enthusiasts believe the much-awaited conversation between pro-crypto candidate Trump and President Joe Biden to be vital for the cryptocurrency industry. However, the asset class didn’t reflect the excitement, with Bitcoin and top PolitiFi coins dipping over the past day. PolitiFi cryptocurrencies lead market dipBTC lost 1.38% in the previous 24 hours to hover near $60,710 at press time. Meanwhile, Political-tied tokens suffered the most, surrendering up to 20% of value in the past day. Furthe...
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The Terra Luna Classic (LUNC) community expects impressive price actions from the altcoin in the upcoming sessions. Binance exchange will destroy massive amounts of LUNC next week as part of the ongoing burn campaign. The recent burn saw LUNC’s supply plunging to 6.78 trillion, with massive trading volume. Scarcity in the financial markets is a recipe for increased demand. Moreover, delegators have significantly staked with LUNC validators, pushing the overall staked tokens to more than 1 trillion. Terra Luna Classic awaits massive token burnThe LUNC community awaits an enormous token burn fro...
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The US State Department has announced a $5 million (£3.9 million) reward for information leading to the arrest or conviction of Ruja Ignatova, the founder of OneCoin and self-proclaimed “Cryptoqueen”. Ignatova disappeared in Athens in 2017 after allegedly orchestrating one of the largest Ponzi schemes in history, defrauding investors of approximately $4 billion (£3.1 billion). Background of OneCoin scheme OneCoin operated through a network of promoters who solicited investments in return for tokens purported to be cryptocurrencies. OneCoin was not based on any blockchain technology, and Ignato...
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Crypto exchange Binance unveiled a crucial announcement to users in the United Arab Emirates. After acquiring the VASP certificate from Dubai’s Virtual Assets Regulatory Authority, the trading firm has revealed how users can migrate to the licensed Binance FZE exchange. Next stage: account transitionMeanwhile, Binance unveiled the account transition process for UAE users on 26 June. Residents can now migrate their accounts from the global exchange to Binance FZE. Users should complete KYC authentication (requested via email) to qualify. They have up to 15 December 2024 for this transition. The...
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The Cardano (ADA) network encountered a distributed denial of service (DDoS) attack late on Tuesday. The perpetrators intended to steal assets staked on the blockchain. The attackers wanted to disrupt services by overwhelming the ADA network with massive spam transactions. Details show the incident began at block 10,487,530, where each transaction executed 194 smart contracts. The hacker spent 0.9 ADA for each transfer and filed blocks with immense transactions to overwhelm the blockchain. Nevertheless, the network faced no damage as developers successfully mitigated the incident. The Cardano ...
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