Category: Blockchain

Crypto Hack Losses Down In Q3 2024, Ethereum Still Most Targeted Blockchain: Report

Crypto hack and fraud-related losses decreased in Q3 2024, though Ethereum (ETH) remained the most targeted smart contract platform, according to a report by Immunefi. Losses Primarily Due To Centralized Exchange Hacks Immunefi has released its 2024 Q3 report, detailing the specifics of cryptocurrency-related hacks and losses during the quarter. The report notes two major exchange hacks, WazirX in July 2024, and BingX in September 2024, which collectively accounted for 69.5% of all funds lost in Q3 2024, totalling $287 million. Notably, both WazirX and BingX are centralized exchanges, and…

Hamster Kombat (HMSTR) Gains Popularity with Play-to-Earn Model and Blockchain Integration

Tony Kim Sep 27, 2024 02:04 Hamster Kombat (HMSTR), a play-to-earn game on Telegram, attracts 200 million users and integrates with TON blockchain, enhancing gaming with cryptocurrency rewards. Hamster Kombat, a play-to-earn game, has rapidly gained a massive following of 200 million users since its launch in March 2024. Hosted on Telegram, the game allows users to engage in virtual battles with hamsters, earning in-game currency and rewards. The integration of the game with The Open Network (TON) blockchain, closely tied with…

Immutable (IMX) and MARBLEX Forge Ahead in Web3 Gaming at Korea Blockchain Week

Jessie A Ellis Sep 26, 2024 06:49 Immutable (IMX) and MARBLEX announce a strategic partnership, aiming to revolutionize Web3 gaming, as discussed at Korea Blockchain Week. Immutable (IMX) and MARBLEX have announced a strategic partnership aimed at revolutionizing the Web3 gaming landscape, according to Immutable.com. This collaboration was highlighted during Korea Blockchain Week (KBW), where Immutable’s co-founder and president, Robbie Ferguson, elaborated on the significance of this alliance for gamers and the broader industry. The Current State and Future of Web3 Gaming…

TON Blockchain Sees Major Surge In On-Chain Activities As Ecosystem Expands

Despite recent network hurdles, The TON (Telegram Open Network) blockchain has picked up its pace once again witnessing a significant surge in on-chain activity, triggering a rapid growth in the ecosystem. With the introduction of new projects on the platform, the network has experienced a substantial uptick in users’ engagement and transactions. On-Chain Metrics On TON Blockchain Skyrockets Marketing strategist and investor, Xeusthegreat shared the positive development on X, sparkling optimism within the community. The surge in on-chain activities indicates a rising interest in the blockchain due to its resiliency…

Celestia Foundation Secures $100M to Advance Modular Blockchain Technology

Terrill Dicki Sep 24, 2024 13:22 Celestia Foundation raises $100 million led by Bain Capital Crypto, aiming to scale modular blockchain technology. The funding will boost its rollup ecosystem and data throughput. The Celestia Foundation has successfully raised $100 million in a funding round led by Bain Capital Crypto, with additional participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others. This latest round of investment brings the total funding for the project to $155 million, according to the Celestia Blog. Advancing…

Exploring Blockchain Data Models: UTxO, Account-Based, and Sui’s Object-Oriented Approach

Luisa Crawford Sep 24, 2024 06:37 A deep dive into blockchain data models: UTxO, account-based, and Sui’s object-oriented approach, highlighting their impact on scalability, security, and user experience. More than cryptography and consensus algorithms, blockchain technology relies on a data model that dictates how information is structured, validated, and stored. The data model defines the way accounts are managed, how state transitions occur, and ultimately how users and developers interact with the system, according to The Sui Blog. Throughout the brief history…

Blockchain Data-Availability Project Celestia’s Foundation Raises $100M

“When Celestia launched last year as the first modular data availability layer, it scaled blockspace from the dial-up era to the broadband era,” said Mustafa Al-Bassam, co-founder of Celestia, in a blog post shared with CoinDesk. “Now, the core developers have introduced the technical roadmap to scale blockspace to the fiber optic era – while keeping it verifiable and low latency.” Source link