Tag: Blockchain

Terra Blockchain (LUNC) Hit By $5 Million Hack And Outage: Details

The Terra blockchain has suffered a significant breach involving a complex exploit that resulted in the theft of approximately $5 million in assorted cryptocurrencies. The specific assets stolen included approximately 60 million ASTRO tokens, 3.5 million USDC, 500,000 USDT, and 2.7 BTC. The smart contract audit firm Beosin revealed the nature of the breach in a post on X, stating, “Terra blockchain was exploited for ~60M $ASTRO, 3.5M $USDC, 500k $USDT, and 2.7 $BTC. Terra Blockchain Hack And Outage: What Happened? Security researcher Rarma (@Rarma_) confirmed via X, “So yes,…

GalaChain Launches TestNet Environment for Blockchain Developers

Peter Zhang Jul 31, 2024 05:39 GalaChain’s TestNet is now live, offering developers a secure environment to deploy and test their chaincode, fostering innovation in blockchain technology. GalaChain has officially launched its TestNet, providing developers with a secure environment to deploy and test their chaincode, according to Gala News. This significant milestone marks a step towards making GalaChain an open-source blockchain, enabling external developers to refine their projects without real-world consequences. Understanding TestNet A TestNet serves as a sandbox environment where developers…

Bitcoin Miner Argo Blockchain Secures $8.3 Million From an Institutional Investor

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Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo Blockchain Announces $8.3 Million Private Placement According to the announcement, the bitcoin miner Argo Blockchain (Nasdaq: ARBK) will issue 57.8 […] Original

Transitioning from Miners to Stakers: Securing the Ethereum (ETH) Blockchain

Alvin Lang Jul 30, 2024 01:49 Exploring the transition from mining to staking and its impact on securing the Ethereum (ETH) blockchain, according to Grayscale. The Ethereum (ETH) blockchain has undergone a significant transformation with its shift from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. This transition, known as ‘The Merge,’ has replaced traditional miners with stakers, fundamentally altering the way the network is secured, according to a report by Grayscale. The Merge and Its Implications Ethereum’s transition to PoS,…

Mythical Games VP: Blockchain Gaming Boom Built on Stronger Base

Mythical Games’ VP of Blockchain Tech, Cameron Thacker, said he believes the current interest in blockchain gaming is more sustainable than the last cycle. He attributes this to a shift in focus, with projects now prioritizing “engaging experiences over frothy marketing and questionable tokenomics.” Gaming Giants Boost Blockchain Gaming Industry In an interview with Cryptox.trade […] Source CryptoX Portal

Indian City of Raipur Puts Real Estate Records on Blockchain With AirChains

The Raipur Municipal Corporation administers the area issuing more than 8,000 building permits, work orders, and colony development permissions annually. The corporation floated a tender to have its records on blockchain and AirChain emerged as the partner through that process, Abinash Mishra, Commissioner, Raipur Municipal Corporation told CoinDesk in an interview on Thursday. Source

Telegram CEO Predicts Blockchain Mass Adoption This Year — Announces Mini App Store, Web3 Browser

Pavel Durov, CEO of Telegram, forecasts 2024 as the year of blockchain mass adoption. He announced new features such as a mini app store, an in-app browser for Web3, and initiatives to combat crypto scams. Telegram’s user base has grown to 950 million monthly active users, with expectations to reach one billion soon. Telegram’s CEO […] Source CryptoX Portal

Annual Blockchain, AI Training Program To Empower 1,000 Nigerian Youths

Nigeria is making news in the IT business with a new project that aims to teach 1,000 young people a year about artificial intelligence (AI) and blockchain technologies. This forward-looking project is part of Nigeria’s broader National Digital Economic Policy and Strategy 2020-2030. The program aligns with the government’s objectives to be competitive in the global stage through the utilization of new technology. AI And Blockchain Initiative Launch Vice President Kashim Shettima spearheaded the inauguration of the AI Expertise Blockchain and Technology Training and Outsourcing Initiative during a recent ceremony…