“Over the last 10 years, no one has managed to build a high-performance blockchain. I think the incentives in the space have really skewed people towards short term wins, pumping tokens [and] not actually solving real problems,” he said, adding that average transaction volumes on some chains are in the single digits. Source CryptoX Portal
A cybersecurity firm yesterday reported that a group of notorious hackers from North Korea was able to steal $3 billion worth of cryptocurrency from users by devising a fake blockchain game. Kaspersky Lab said that the Lazarus Group took advantage of a key vulnerability in the Google Chrome browser that allowed them to drain the crypto wallets of their victims. Lazarus Group: $3 Billion Crypto Heist It was reported that the North Korean hackers used the fake game to steal more than $3 billion in cryptocurrency — an operation the…
According to a recent report, R3, the private blockchain initiative backed by several major companies—including Intel, Bank of America, and Wells Fargo—has been looking into various strategic paths, including the possibility of a sale. Sources with knowledge of the situation noted that blockchain organizations such as Ava Labs and the Solana Foundation have reportedly been […] Source CryptoX Portal
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The developers behind BOB, a build-on-Bitcoin project, released a new “vision paper” Thursday outlining a design for a “hybrid layer-2” network they say could help to position Bitcoin – the oldest and largest blockchain – as the new foundation for decentralized finance (DeFi). Original
The Vietnamese government has unveiled a strategy to make Vietnam a leader in blockchain technology in Southeast Asia. The strategy includes building blockchain brands, establishing testing centers, and developing human resources. The government aims to achieve these goals through a five-step action plan, which includes legal reforms, ecosystem development, and international collaboration. Boosting Vietnam’s Blockchain […] Source CryptoX Portal
“Partisia was founded to tackle a critical ‘real world’ challenge: enabling collaboration on sensitive data without compromising privacy,” Youngman said. “Our blockchain draws on decades of cryptographic expertise from pioneers like Ivan Damgård allowing us to build solutions that not only overcome barriers to real-world adoption but also create entirely new business models, giving individuals and enterprises unprecedented control over their data.” Source
Ted Hisokawa Oct 23, 2024 08:33 Early Bird Tickets for Binance Blockchain Week Dubai 2024 are sold out, with regular tickets now priced at $600, excluding VAT. The event will be held at Dubai’s Coca-Cola Arena. The highly anticipated Binance Blockchain Week Dubai 2024 has announced that the Early Bird Tickets are sold out, with standard tickets now available for $600, excluding a 5% VAT. This announcement was confirmed by Binance on October 23, 2024, as reported by Binance. Event Details The…
“By leveraging AI and Chainlink oracles to interpret, standardize, and deliver high-value unstructured data, we can dramatically reduce the manual processes required, enabling significant potential operational efficiency and cost reduction,” said Mark Garabedian, Wellington Management’s director of digital assets and tokenization strategy. Source
This year’s Global Data Ecosystem Conference, held in Pudong New Area, Shanghai, has ended positively. The two-day tech conference was extra special because it focused on popular blockchain technology, related applications, and other emerging innovations. Over 30 events were held during the conference, covering various topics, including blockchain technology, international data cooperation, data and its value to industries, and an initiative to connect data service providers. Shanghai was the perfect host for the global conference, which organizers expect can lead to exploring new data and blockchain technologies. Global Data Ecosystem…