Day: August 10, 2023

Solana Beats Out Ethereum To Emerge As Best Performer In Terms Of TVL

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Ethereum is currently dominating the DeFi and smart contract niches when it comes to the Total Value Locked (TVL). However, while Ethereum is still the king, other chains like Solana, Avalanche, and Polkadot compete to prove themselves worthy contenders to the throne.  Solana, in particular, has seen some massive growth recently in terms of its total value locked (TVL). According to on-chain data from Messari, Solana outperformed other chains by achieving a total value-locked (TVL) gain of 14% over the course of the previous month. Solana Sees Massive Growth in…

Nigeria to issue verifiable blockchain certificates for NYSC

Kashifu Inuwa Abdullahi, who holds the position of Director-General at the National Information Technology Development Agency (NITDA), has disclosed that blockchain technology will be employed for the generation and validation of National Youth Service Corps (NYSC) certificates within Nigeria. The National Youth Service Corps is a program in Nigeria that requires university graduates under 30 years old to undergo a one-year period of national service involving community development projects and cross-cultural integration. This declaration took place at the Stakeholders’ Policy Dialogue centered around the execution of the National Blockchain Policy. The…

Why The Aptos-Microsoft Deal Is A Reason To Short APT

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Aptos (APT) has scored a major deal with tech giant Microsoft yesterday. However, the announcement of a “partnership” between Aptos Labs and tech giant Microsoft has raised eyebrows and ignited debates across the crypto community if this is just smoke and mirrors. With the APT token witnessing a surge of nearly 20% following the news, and a significant token unlock looming, the timing and nature of this partnership have come under scrutiny. Aptos-Microsoft Deal Just A Click? In the official press release, Aptos Labs revealed its plans to integrate Microsoft’s…

Blockchain giants pour investments into Bitcoin mining

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Over the past 14 years the Bitcoin mining market has undergone rapid development which continues today as well. The crypto industry of 2023 is witnessing a new trend where market giants are investing heavily in mining and the technological initiatives around this sector. A recent example of this is Binance – in June…

Bitcoin whales and InQubeta presale demand

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The intricate interplay of factors within crypto has always been a captivating subject. Recent data has unveiled the intriguing dominance of Bitcoin whales and rising demand in the ongoing InQubeta presale. Delving deeper into these occurrences allows us to grasp the implications of these disparate events. Bitcoin whales concentration A recent analysis has spotlighted a thought-provoking concentration of power within the Bitcoin ecosystem.  Data reveals that 15,870 addresses hold 59.2% of the circulating Bitcoin supply. To put this…

Director’s update – Delivering more strategic regulation in 12 months than in the lifetime of FOI

10 August 2023 Warren Seddon is ICO Director of Freedom of Information and Transparency responsible for the ICO’s freedom of information (FOI) policy and guidance. Warren also oversees the handling of people’s complaints to the ICO over public authorities’ responses to requests for information under the FOI Act and Environmental Information Regulations (EIR).   Just over a year ago, I announced that we had published our new Freedom of Information (FOI) regulatory manual, which set out our approach to more strategic enforcement of FOI in line with our statutory powers. Now,…

BNB Chain hard fork to improve security and compatibility with EVM chains

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Binance’s BNB Chain is set to undergo two hard forks in August 2023 to reduce the possibility of a malicious blockchain reorganization and increase compatibility with other Ethereum Virtual Machine (EVM) blockchain networks. The Plato and Hertz upgrades are scheduled for Aug. 10 and Aug. 30, respectively, following extensive testing. The Plato upgrade, which has already taken place, introduces BEP-126. The latest evolution proposal implements a fast finality mechanism that is expected to rule out the ability for blocks to be reverted. The Plato upgrade was carried out on Aug. 10 at…

BNB Chain hard fork to improve security & compatibility with EVM chains

Binance’s proprietary BNB Smart Chain (BSC) is set to undergo two hard forks through August 2023 that are aimed at reducing the possibility of a malicious blockchain reorganization and increasing the compatibility with other EVM blockchain networks. The Plato and Hertz upgrades are scheduled for Aug. 10 and Aug. 30 respectively, following extensive testing. The Plato upgrade, which has already taken place, introduces BEP-126. The latest evolution proposal implements a fast finality mechanism that is expected to rule out the ability for blocks to be reverted. The Plato upgrade and…

Biden administration launches AI cybersecurity challenge to ‘protect Americans’

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In an Aug. 9 press release, the Biden administration revealed an opportunity for hackers to compete for substantial monetary rewards by applying artificial intelligence (AI) to safeguard vital United States infrastructure from cybersecurity vulnerabilities. In spring 2024, a preliminary phase will select up to 20 high-performing teams to progress to the semifinals of DEF CON 2024, which is a major cybersecurity conference. Of these, a maximum of five teams will earn $2 million each and move on to the DEF CON 2025 finals. The top three teams will compete for extra prizes,…