Month: August 2022

CSC Attends Blockchain Global Day to Speed up Ecosystem Expansion

On July 29, CoinEx Smart Chain (CSC) attended Blockchain Global Day 2022, which took place in Ho Chi Minh City, Vietnam. The exhibition, on the theme of “Into the Infinity Con-Verse”, attracted multiple Vietnamese start-ups and encouraged them to launch blockchain applications that focus on gaming and finance and aim to solve the problems that hinder the growth of blockchain and blockchain technologies. The feast brought together blockchain experts, as well as thousands of young people and customers interested in the field. The exhibition invited many big-name international blockchain companies…

Experts find private keys on Slope servers, still puzzled over access

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Blockchain auditing firms are still trying to figure out how hackers gained access to about 8,000 private keys used to drain Solana-based wallets.  Investigations are ongoing after attackers managed to steal some $5 million worth of SOL and SPL tokens on Aug. 3. Ecosystem participants and security firms are assisting in uncovering the intricacies of the event. Solana has worked closely with Phantom and Slope.Finance, the two SOL wallet providers that had user accounts affected by the exploits. It has since emerged that some of the private keys that were…

Active Contribution Across Solana, Bitcoin, And Ethereum Grow

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It is surprising how contributors still pile into the Ethereum blockchain network every month. Drawing from participants’ observations, the network saw about 2,000 contributors last month. These contributors are responsible for pushing updates for coding on GitHub. The codes are functions of different computer programs. Pile Into Popular Cryptocurrencies The bearish trend of the crypto market seems not to affect the number of contributors piling into popular cryptocurrencies. Some prominent examples of these digital currencies are Bitcoin, Ethereum, and Solana. Judging by the estimated rate of participating contributors to these…

Kosovo Renews Crypto Mining Ban Amid Rising Energy Prices – Mining Bitcoin News

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The government of Kosovo has adopted measures tailored to maintain energy supply in the coming months, including a ban on cryptocurrency mining. The move comes amid a sharp increase in import prices and the restrictions can be extended for up to six months. Authorities in Kosovo Reinstate Ban on Cryptocurrency Mining The executive power in Kosovo has approved certain steps to ensure sufficient energy supplies for homes and businesses during the next weeks and months. Tass news agency reports that the respective decree has been published by the government in…

The Bank of Thailand to pilot Retail CBDC by the end of 2022

On top of its wholesale central bank digital currency (CBDC) projects and proof-of-concept Retail CBDC testing with corporates, the Bank of Thailand (BOT) will extend the scope of CBDC development aimed at retail to a pilot phase. A possible real-life application of the “Retail CBDC” will be conducted inside the private sector on a limited scale.  As the Aug. 5 announcement on the official page of the BOT goes: “The BOT will assess the benefits and associated risks from the Pilot to formulate related policies and improve the CBDC design in…

Nomad announces $190 million bounty for lost funds from recent hack

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Nomad announced a bounty of up to 10% for the return of the stolen funds from the Nomad bridge. In a website announcement and tweet, the company publicly provided a wallet address for sending the funds. The bounty is applicable to anyone who comes forward from now on or already returned funds. At the time of writing, Nomad recovered more than $20 million.  The Nomad token bridge suffered a massive hack on Aug. 2. This incident was among the largest in the history of crypto hacks, with nearly $200 million…

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Crypto Miner Argo Blockchain Faced Equipment Challenges, Higher Costs in July

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