Sat, May 10

Chainlink and SWIFT Collaborate on a Cross-Chain Protocol

Chainlink and SWIFT partnered on a cross-chain interoperability protocol. This project helps to close the barrier between traditional and digital assets. Chainlink (LINK), the price feed provider, has teamed with SWIFT, a global financial messaging, on a cross-chain interoperability protocol (CCIP). This Chainlink’s proof-of-concept (POC) project would offer traditional finance

September 29, 2022 1 min read

Cardano (ADA) Price Plummets Despite Recent Vasil Hard Fork

After the activation of Plutus V2, the price of ADA fell to almost a year low of $0.42. Hoskinson announced the success of the Cardano wallet Daedalus Turbo proposal. Despite the Vasil hard fork, the ADA price has been unable to recover from its near-year-low following the upgrade. Cardano creator

September 28, 2022 1 min read

Polygon Co-founder Revealed a Snippet of zkEVM

The skeptical crowd will sweep in to Web3 through Polygon’s zkEVM inaugural. Explicit and mathematical assurance of the zk provides security of transactions. Mihalio Bjelic, co-founder of Polygon discussed a few developments in the polygon zkEVM and the effect on the network post Ethereum-merge. The conversation was carried out during

September 28, 2022 2 mins read

ECB President Christine Lagarde Backs CBDC Over Crypto

She discussed the crypto ecosystem, stressing the need of backing CBDCs. Central bankers are missing a chance if they do not accept CBDCs. Central bankers are becoming jittery as the use cases for cryptocurrencies and other blockchain-based currencies expand. Digital assets are very volatile and risky, yet traditional institutional investors

September 27, 2022 1 min read

Tether’s Ex-Auditor Charged by SEC For Violation of Laws

SEC charged $1 million against Tether’s former auditor. Tether requested to submit the required documents on USDT backing. According to an order released on Monday, the popular stablecoin issuer Tether’s ex-auditor has been fined $1 million by the US Securities and Exchange Commission (SEC). In 2017, Friedman LLP, a New

September 27, 2022 1 min read

Almost $1 Million Stolen in Ethereum ‘Vanity Address’ Exploit

The hack used the same flaw as the previous $160 million heist. With a vanity address, one may choose their own unique string of letters and numbers. An Ethereum “vanity address” valued around $950,000 was compromised; this address was created using a program called Profanity. The hack used the same

September 27, 2022 2 mins read

Acala Network To Resume Operations After Passing Vote

A vote permitted LPs to withdraw liquidity from pools or unstake LP tokens. There was a reported minting mistake of 3.022 billion aUSD. The Acala Network said on Monday that it has resumed operations after the mining failure involving its stablecoin aUSD. Thanks to a vote permitting LPs to withdraw

September 27, 2022 2 mins read

Mining GPU Prices in China Plummets Post ETH Merge

Prices for Nvidia GeForce GPUs have dropped dramatically. GPU’s price plummeted from 8,000 yuan to 5,000 yuan. Graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have seen price drops in China. This is because of the Ethereum networks transition to a proof-of-stake (PoS) consensus method, attracting

September 26, 2022 1 min read

Former Ripple Executive to Head Australian CBDC Trial

A white paper titled “Australian CBDC Pilot for Digital Finance Innovation” was published. On December 31st, at least 12 use cases will be chosen for further investigation. On Monday, the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC) unveiled the pilot project’s (eAUD) white paper for

September 26, 2022 2 mins read

LUNC Witnesses a Dramatic Price Surge, Will It Continue?

LUNC attained a massive surge, registering 41.93% in the last 24 hours.  Recently, LUNC’s price dropped dramatically following Do Kwon’s arrest warrant. The controversies regarding TerraLabs founder, Do Kwon are still going through the global cryptocurrency market. The arrest warrant and recently issued red notice by Interpol for Do Kwon

September 26, 2022 2 mins read