Category: Blockchain

LayerZero CEO Bryan Pellegrino Discusses Blockchain Bridge Challenges

Zach Anderson Sep 29, 2024 06:29 LayerZero Labs CEO Bryan Pellegrino discusses the complexities and security issues of blockchain bridges in a podcast with a16z crypto. Blockchain bridges are essential tools for moving assets across different chains, but their history is marred by numerous security breaches. LayerZero Labs CEO and Cofounder Bryan Pellegrino recently delved into these complexities in a discussion with a16z crypto General Partner Ali Yahya and cohost Robert Hackett, according to a16z crypto. The Role of Blockchain Bridges Blockchain…

Experts Discuss Blockchain, Crypto and Web3’s Future

The European Blockchain Convention (EBC) took over Barcelona for its 10th edition. The two-day event featured a line-up of speakers that fostered exciting dialogues between the industry experts. The Catalan capital saw some of the crypto industry’s brightest minds discuss digital assets, Decentralized Finance (DeFi), tokenization, Web3, and sustainability, exploring the industry’s future amid the growing adoption and evolving regulatory framework worldwide. Day 1: “Crypto Adoption Can’t Be Forced” On September 25, EBC10 kickstarted its “biggest edition yet” with Daniel Salmeron and Victoria Gago, two of EBC’s founders, discussing why…

New Crypto Regulations in Japan Ease Rule For Blockchain Gaming Sector

Japan’s Financial Services Agency (FSA) has announced plans to reform the country’s regulatory framework on crypto gaming. This move, according to the report, appears to be aimed at assisting businesses in managing their digital currency assets better and to “stimulate” growth in the blockchain gaming sector. With the reform, the FSA is reportedly making the market “more accessible” to gaming companies by revising the existing Payment Services Act and establishing a structured law for in-game digital currency management. Crypto Regulations Encouraging Blockchain Gaming According to a recent upload from a…

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…