Chainlink, the standard Web3 services platform, and GMX, the biggest decentralized perpetual exchange running on Arbitrum and Avalanche, have now announced that the GMX community has elected to incorporate Chainlink’s innovative low-latency oracles for financial market data. Moreover, launch partner GMX will be incorporating the new solution’s low-latency oracles into
Earlier this week, an anonymous bot operator using a Maximal Extractable Value (MEV) strategy reportedly made over $1 million using what is known as a sandwich attack, essentially a tool by which an operator takes over a mempool to validate transactions and seek arbitrage on giant pools of transactions. The
Korea Blockchain Week (KBW), one of the leading blockchain and Web3 events in Asia, will return for 2023 following the immense success of the 2022 edition, which was the first in-person iteration since the Covid pandemic. KBW2023 is founded by Factblock, a Web3 ecosystem accelerator, and co-hosted by Hashed, the
The advent of Polygon’s proof-of-stake (PoS) blockchain has brought about a revolution in the world of cryptocurrency. With its lightning-fast transaction speeds and low fees, Polygon has gained widespread adoption, leading to a staggering 240 million unique addresses on its blockchain. This remarkable achievement speaks volumes about the growing popularity
India’s recent completion of its first blockchain-enabled letter of credit transaction on the Contour Network marks a significant milestone in the digitization of trade finance processes. The transaction, valued at $3 million by Citibank, is expected to reduce transaction time and costs for clients, paving the way for more efficient
Trust Wallet, a cryptocurrency wallet, has announced a security flaw that has cost some customers approximately $170,000. The firm claims that they have applied a fix to the issue. The Trust Wallet bug bounty program is where the company first learned about the vulnerability. In November of 2022, a security
The Litecoin (LTC) blockchain has been making waves in the world of cryptocurrency, with its impressive computational strength and security. As evidenced by the stunning number of 783,119,893,335,823 beautiful hashes, LTC has become a force to be reckoned with in the realm of digital currencies. Unveiling the Computational Strength and
The Solana Foundation has revealed that the company is now collecting statistics on its carbon emissions in real-time. Claims have been made that this is a first for “a major smart contract blockchain network.” The code that runs Dapps and NFT projects is stored in smart contracts. As of right
Harley Hermanson, Director of Elit Web3 Solutions, has stated that he believes the network has the potential to be one of the top 10 blockchain networks by 2025. This is due to the network’s focus on interoperability and scalability – two critical components for success in the blockchain industry. XDC
The Federal Government of Nigeria has been contacted by the leading global blockchain business Gluwa to promote the creation of a crypto policy framework that might help to unleash the potential of blockchain in Africa’s largest economy and open up new avenues for innovation and economic growth. As of now,
