Tagged: distributed ledger technology

July 14, 2023 @ 9:21 am By Omar Faridi  |  

On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. As noted via social media, the team claims they contacted the MPC node operators and… Read More

July 13, 2023 @ 12:30 pm By Omar Faridi  |  

Brazil’s CBDC (or central bank digital currency) codebase could potentially freeze or even reduce funds. This, according to an analysis by a blockchain developer. According to a reports, a blockchain/DLT developer found certain functions that could potentially allow a centralized entity to freeze payments or… Read More

July 13, 2023 @ 9:10 am By Omar Faridi  |  

The Multichain hack could potentially be a “rug pull,” as an additional $103 million in funds were recently drained. Multichain, which is described as a cross-chain bridge protocol, reportedly saw another $103 million transferred to other blockchain addresses. This, according to security company Beosin. This… Read More

July 9, 2023 @ 12:55 pm By Omar Faridi  |  

Multichain has reportedly halted its network on a suspected $130 million hack, a move that has come just a month after the initiative’s CEO disappeared. The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains. There is no confirmed… Read More

July 7, 2023 @ 8:59 pm By Omar Faridi  |  

Cronos Labs, a blockchain startup accelerator focusing on the development of the Cronos ecosystem, announced a partnership with Protocol Labs, the open-source research and development laboratory that builds protocols, tools, and services to radically improve the internet. As part of the collaboration, Protocol Labs will… Read More

July 6, 2023 @ 10:15 pm By Omar Faridi  |  

Starknet is deploying a “bottleneck-busting” upgrade, which is expected to bring unprecedented TPS of “several hundred” to the Ethereum ecosystem. The Ethereum network is congested, and scaling solutions including Starknet aim “to operate at high throughput in order to alleviate the traffic jam.” Eli Ben-Sasson,… Read More

July 6, 2023 @ 10:10 pm By Omar Faridi  |  

Concordium, the Layer 1, science-backed blockchain creating a safer digital world, has today announced its strategic partnership with IMPERO Group, a technology consulting firm based in South East Asia. This collaboration marks “a significant milestone in Concordium’s expansion plans and aims to revolutionize identity management… Read More

July 4, 2023 @ 12:28 pm By Omar Faridi  |  

Decentralization theatre: We’ve heard it time and time again in recent months as several projects have struggled to commit to the underlying ideological tenets of blockchain amid growing skepticism of the space. Others have fared relatively well, though — from the community-initiated vote for the… Read More

July 4, 2023 @ 12:11 pm By Omar Faridi  |  

As a part of their global rebranding to Pluxee across 31 countries, the French multinational giant Sodexo Benefits & Rewards Services (Sodexo BRS), a publicly listed leader in tech-enabled employee benefits and engagement platform, embarked on a journey “to embrace the world of non-fungible tokens… Read More

July 4, 2023 @ 8:19 am By Omar Faridi  |  

Kraken recently revealed that it now supports the deposits and withdrawals of TrueUSD (TUSD) on the Tron Network. As explained by Kraken, Tron is a blockchain platform “where developers can deploy their own decentralized applications (dApps).” Tron is powered “by delegated proof-of-stake (DPoS), a system… Read More

July 1, 2023 @ 7:07 pm By Omar Faridi  |  

TRM Labs, which claims to be the leader in blockchain intelligence solutions, released the Illicit Crypto Ecosystem Report, a detailed guide to the complex dynamics of crypto crime. The new report “identifies over 40 types of criminal activity, and reveals that a seismic shift in… Read More

June 30, 2023 @ 6:58 am By Omar Faridi  |  

QuickNode, a provider of blockchain infrastructure, announces that it now supports the XRP Ledger (XRPL). This integration makes the XRPL, “a Layer 1 open-source, energy-efficient, and decentralized blockchain, available to the global developer community on the QuickNode platform.” Adding the XRPL to QuickNode will “help… Read More

June 29, 2023 @ 6:44 pm By Omar Faridi  |  

Recently, The Graph, a protocol for indexing and querying blockchain data, eclipsed one trillion queries. For years, subgraphs on The Graph have “been powering thousands of decentralized applications (dapps) in development and production across the hosted service and Graph Network.” There are over 74,000 subgraphs… Read More

June 29, 2023 @ 5:39 pm By Omar Faridi  |  

Schroders announces a tokenized investment vehicle project to explore the capabilities for personalization and simplification of investments that blockchain technology could deliver. Schroders is participating in the Monetary Authority of Singapore’s Project Guardian, a ground-breaking initiative that aims “to develop a responsible and innovative digital… Read More

June 27, 2023 @ 6:10 pm By Omar Faridi  |  

More than half—52%—of the Fortune 100 have “pursued crypto, blockchain or web3 initiatives since the start of 2020, according to recent research results shared by Coinbase (NASDAQ:COIN). As mentioned in a blog post, about 60% of Fortune 100 initiatives “reported since the start of 2022… Read More

June 26, 2023 @ 6:09 pm By Omar Faridi  |  

GSR – the global crypto market maker and liquidity provider – has selected direct custody technology platform Fireblocks and Elliptic – a blockchain analytics provider – to streamline and further amplify its compliance practices in digital asset trading and market making. Through Elliptic’s rich API… Read More

June 25, 2023 @ 5:03 pm By Omar Faridi  |  

We recently connected with Dr. Ben Zhang, COO & Co-founder of NodeReal, which claims to be a one-stop blockchain infrastructure and service provider that embraces the high-speed blockchain era and empowers developers by “Make your Web3 Real”. They aim to provide scalable, reliable, and efficient blockchain… Read More

June 23, 2023 @ 7:31 pm By Omar Faridi  |  

Algorand, the “pure” proof-of-stake Layer-1 blockchain network, continues to deliver the advanced technology required to power real world applications with its latest protocol upgrade that unleashes faster block times, as well as other improvements. This recent protocol upgrade, “now live on Mainnet, reduces block time… Read More

June 23, 2023 @ 5:54 pm By Omar Faridi  |  

The team at Stella, a leveraged strategies protocol with 0% cost to borrow — announced that it has integrated Chainlink Price Feeds on Arbitrum mainnet. By integrating the decentralized oracle network, Stella has access “to high-quality, tamper-proof price feeds needed to help power lending and… Read More

June 23, 2023 @ 5:34 pm By Omar Faridi  |  

The European Union has introduced the European Digital Infrastructure Consortium (EDIC), a new entity that aims to focus on promoting blockchain policy in order to move Europe’s “digital decade” forward in a meaningful manner. The EDIC should become operational towards the end of 2024 and… Read More