Month: April 2023

How to stake Polkadot (DOT)?

Unlike restricted proof-of-work (PoW) blockchains like Bitcoin, the Polkadot blockchain allows cross-blockchain transfers of any asset or data, facilitates more transactions per second and needs less infrastructure. Polkadot uses a nominated proof-of-stake (NPoS) blockchain centered on interoperability of parachains that connect to and are secured by the Relay Chain. Validators can validate both the Relay Chain and the parachains, making it a flexible and scalable blockchain solution. The native token on the Polkadot blockchain is named DOT (DOT). It can be used on the Polkadot network for trading, staking, bonding,…

Algorand Foundation Among Creditors That Oppose Restructuring of Trouble Crypto Exchange Hodlnaut

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Venom Foundation Announces the Release of its Public Testnet – Press release Bitcoin News

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press release PRESS RELEASE. Abu Dhabi, 25 April, 2023 — Venom, a Layer-1 blockchain that operates out of the Abu Dhabi Global Market (ADGM), today announced that its public testnet is officially live. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Along with the testnet launch, Venom has also unveiled a host of in-house developed decentralized applications as part of its growing ecosystem. The testnet design suits both ecosystem users and developers. It enables developers to test and debug dApps and blockchain…

Jack Dorsey-Backed Bluesky Targets 1M Users at Launch as Twitter Wavers on Verification

Bluesky allows users to use domain names as handles to help achieve decentralized verification and give users more control over their identity. Bluesky, a social media platform created by former Twitter Inc boss Jack Dorsey, has gained significant traction even before its official launch. The official Bluesky Twitter account has more than 252k followers without a solid protocol to showcase to the users. Nevertheless, the Bluesky application has been downloaded more than 245k times by iPhone users according to data provided from Data.ai. After Musk acquired Twitter late last year…

McDonald’s Releases Q1 2023 Results that Beat Earnings & Revenue Estimates

Leading hamburger purveyor McDonald’s experienced earnings growth for Q1 2023 despite sporting a pricier menu.  McDonald’s Corporation (NYSE: MCD) has published its Q1 2023 earnings results which beat the consensus estimate. For the year’s first quarter, the fast food restaurant chain pulled in revenue of $5.9 billion versus the $5.59 billion expected by analysts. In addition, the prominent Chicago-based company realized earnings per share (EPS) of $2.63 adjusted versus $2.33 expected. McDonald’s also experienced an increase in US customer traffic despite hiking the price of its products to remain competitive in…

Joint Effort: OFAC and South Korea Crack Down on North Korea’s Cryptocurrency Scam

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The Department of Foreign Assets Control (OFAC) and South Korea have joined forces to impose sanctions on three individuals who were accused of providing material support to the North Korean-based Lazarus hacking group. The accused individuals allegedly helped convert stolen crypto assets to fiat currency, which was then used to fund North Korea’s development of weapons of mass destruction (WMD) and ballistic missile programs. According to OFAC’s report, the Lazarus Group is involved in illicit financial and cyber activities that support North Korea’s WMD and ballistic missile programs. The group…

BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit – Bitcoin News

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Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement in early June. BRICS to Talk Expansion as Number of Candidates Continues to Grow The BRICS group of nations — Brazil, Russia, India, China, and South Africa — are scheduled to meet in Cape Town on June 2 – 3. Enlargement will be in the focus of their talks, according to Anil Sooklal, South…

Google Cloud to Help Web3 Builders Fast-Track Their Blockchain Startups

The “Google for Startups Cloud Program” initiative, which provides support for startups and emerging projects, will now be offered to builders in the Web3 industry to scale their projects faster and more securely, according to a press release on Tuesday. Eligible projects from pre-seed to Series A, will be able to apply for the program, which includes up to $200,000 in Google Cloud credits, over two years, as well as other technical support, the press release said. Source