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Today stands as a pivotal moment in the advancement of blockchain technology with the announcement of Polygon Labs’ bold initiative, Polygon 2.0. Far from being a simple upgrade, this initiative represents a comprehensive overhaul, completely transforming all facets of the Polygon platform. A Bold Vision for the Internet’s Value Layer
Multiple Twitter accounts belonging to key figures in the cryptocurrency industry have fallen victim to a group of scammers. By leveraging the compromised accounts, these scammers have propagated phishing scams, resulting in the theft of approximately $1 million in crypto funds. Over the past few weeks we have seen 8+
Avalanche, a leading blockchain platform, is set to introduce the Avalanche Arcad3. In the rapidly expanding world of blockchain, Web3 gaming has become a major development. Web3 integration in the gaming sector has constantly enhanced the user’s experience in gaming. Avalanche is adding an enhanced Web gaming experience with the
The request to upgrade to v2.1.0 Parity put out by the core development group Joint L1 Task Force (L1TF) was unanimously approved by the Terra Classic community. Now that the plan has been approved, on June 14 the L1TF will update the chain, drastically altering Terra Classic in the process.
World Mobile, a provider of decentralized wireless networks, has reported that field testing of its DeWi technology in three African nations has been completed successfully. The tests carried out in Kenya, Mozambique, and Nigeria show the adaptability of World Mobile’s hybrid connectivity solution and open the door to deployment across the African
The innovative move-to-earn initiative Sweat Economy is introducing a new governance vote today in the Sweat Wallet app, allowing the community to determine what will happen to 2 billion idle SWEAT tokens in inactive user accounts. The 2 billion SWEAT tokens, or around 13% of the entire supply, are now
Turbos Finance, a Sui ecosystem initiative, has presented a smart routing system designed specifically for the Sui-Move language. This is a first for a Sui DEX in production and a key innovation for capital-efficient swaps on the young network. Sui users must now wrap USDC on the source network in
North Korea’s most renowned cyber-hacking organization has been linked to a cryptocurrency mixer where illicit proceeds from the $35 million Atomic Wallet attack have been circulating. Elliptic, a provider of blockchain compliance analytics, said on June 5 that its Investigations Team has linked crypto mixer Sinbad.io to the theft of
On-chain specialists verified on June 5 that Multichain protocol transactions were taking place, signaling the return of certain cross-chain bridges. Vice President and admin Tung Dinh of Multichain has verified that router2 has returned to service. The price of Multichain’s native token, MULTI, soared by 40% in a matter of
Despite other crypto companies having mixed results in its deployment. Elliptic, a cryptocurrency risk management business, has incorporated ChatGPT to increase its efficiency in spotting crypto risks. Elliptic offers crypto customers risk ratings for their purchases, wallets, and exchanges. Human researchers work with a private dataset including “over a decade’s
