LayerZero Labs, the firm behind blockchain interoperability protocol LayerZero are attempting to prevent users from engaging in what is known as “Sybil activity,” in which they use multiple wallets to unfairly claim airdrop rewards, with their first airdrop in an effort to set a precedent for transparency and fairness. No
The cryptocurrency market is notorious for its volatility, with prices capable of significant pumps and dumps within short periods. Amid this environment, bull runs—periods of sustained price increases and heightened market confidence—offer lucrative opportunities for investors. One analyst, renowned for his accurate market predictions, has recently highlighted three cryptocurrencies he
Bitcoin bulls made a comeback this week, surprising many investors after facing downward movements since the start of the month. Yesterday, BTC hit a five-week high of $67,700. In the past week, it surged 10.33%, and on a monthly timeline, it increased by 4%. The trading volume is up by
Charles Hoskinson, founder of Cardano, has once more brought attention to two blockchain characteristics that have the potential to expand the global financial operating system (OS). Hoskinson’s post on X was in reaction to one made by Dedium, a Cardano-based decentralized GPU computing network. As an example of “the beauty
As per Ripple’s Q1 2024 XRP Markets Report, the volume of XRP Ledger (XRPL) transactions increased by more than 100% between Q4 2023 and Q1 2024, while the average cost of such transactions decreased by about 45%. In comparison to 121.03 million in Q4 of 2023, the on-chain transaction activity
Tomasz Wojewoda, the former BNB Chain Head of Growth, joins Match Chain as Chief Strategy Officer. With a distinguished career spanning over 20 years as a Founder and CEO, and with insights earned through leadership roles at renowned projects from Microsoft to Chainlink, Mr. Wojewoda has established themselves as a
April was the biggest monthly investment in blockchain gaming since January 2021, at $988 million. Additionally, 2.9 million unique active wallets were recorded for blockchain gaming, which is a record-breaking figure. The April blockchain gaming report was issued on 17 May by DappRadar in collaboration with the Blockchain Gaming Alliance.
Magic Square, backed by Binance Labs, is pleased to announce the launch of Magic Launchpad, a new Initial DEX Offering (IDO) platform. Magic Square is built on the strong foundations of the Magic Square community, with over 4.5 million unique user wallets and over 1400 projects registered with the Magic Store
LayerZero Sybil has concluded the phase of self-report, where users could report fake or duplicate sybil addresses created to baffle the system. Initially, over 2 million addresses were suspected to be sybils, and it has been narrowed down to 803,093 after the completion of the phase. The self-reported address will
A strategic alliance has been established by io.net, a leader in decentralized computing solutions, and Synesis One, the first Train2Earn platform on Solana. Through this partnership, Synesis One’s enterprise clients will be able to train machine learning (ML) models more effectively and easily thanks to io.net’s cutting-edge decentralized computing network. Isaac
