Tag: Blockchain

FTX’s $477 Million Heist: A Trail of Blockchain Clues Unearthed

In the shrouded realm of blockchain, the FTX hack that transpired on November 11, 2022, stands as a glaring testament to the cryptic trails a nefarious act can leave behind. The Bahamas-based cryptocurrency exchange, FTX, fell prey to an unidentified hacker who made off with a staggering $477 million, plunging the exchange into bankruptcy. The maleficent actor was quick to take to the shadows, embarking on a quest to launder the stolen assets through a maze of decentralized exchanges (DEXs), cross-chain bridges, and mixers. The pilfered assets witnessed a loss…

Scroll zkEVM Launches, Blockchain Data Shows, Competing With Polygon, Matter Labs

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Indonesia to conduct blockchain trials for public services

Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives. At the recent Blockchain Economy Summit in Dubai, Cointelegraph spoke with Grace Sabandar, co-founder of the Indonesia Blockchain and Metaverse Center (IBMC), and Tuhu Nugraha, the principal of the Indonesia Applied Digital Economy and Regulatory Network (IADERN). The executives spoke on the state of digital assets, blockchain and metaverse adoption in Indonesia.…

WEMIX and Mirana Ventures Fuel Chinese Blockchain Gaming with $30M Fund

In a concerted move to bolster the blockchain gaming sphere in China, Singapore-based WEMIX PTE. LTD., a subsidiary of WEMADE, has strategically invested in five Chinese game developers, according to GlobeNewswire. This investment was channeled through a specialized blockchain gaming fund, established in collaboration with Mirana Ventures, on October 11, 2023. The fund, valued at $30 million, is a joint initiative with Mirana Ventures, an investment arm of the global digital asset exchange, Bybit. Financial Allocation and Future Endeavors A notable portion, $6.4 million to be precise, of the $30 million…

Telegram And TON Foundation Collaborate With Alibaba Cloud In Quest For Fastest Blockchain

boss

Telegram’s partner, the Open Network (TON) Foundation, in partnership with Alibaba Cloud, has announced plans to set up 256 servers for a performance testing event scheduled for October 31, 2023.  Per the announcement, the objective of this event is to officially establish the TON blockchain as the world’s fastest blockchain to earn accreditation from the Guinness World Records. TON’s  Upcoming Performance Test According to a report by Yahoo Finance, the TON blockchain has experienced significant growth since 2022, witnessing a 20-fold increase in addresses from 170,000 to 3.5 million.  The network…

How BlackRock Used Crypto To Complete Deal On JP Morgan’s Blockchain

Per a report from Bloomberg, the world’s largest asset manager, BlackRock, achieved a new milestone in its crypto roadmap. The company has been working on new ways to integrate with blockchain technology and thus has partnered with other financial institutions. BlackRock Takes Another Step In The Crypto Space According to the report, BlackRock completed a transaction on the derivatives market using Onyx, the blockchain platform developed by JP Morgan. The transaction “used tokenized collateral,” or digital versions of shares from one of the asset manager’s funds. The asset manager used…

Tools for Humanity’s Tiago Sada Discusses Relationship Between Blockchain and Worldcoin Orb $WLD

But you’re building a platform that is going to be incumbent on there being use cases in the future. And Ethereum, you mentioned, that’s also a platform, but it’s not itself a use case. So I wonder without being too prescriptive, and just spinning up dapps and programs yourself, what kinds of use cases do you expect to really see take off on Worldcoin or using WorldID as an authentication method? Source

9 factors to consider when choosing a blockchain consensus mechanism

With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, there’s no singular “industrywide” solution or preference, and there are multiple details to review when making the choice. While security and reliability are always top priorities, forward-looking blockchain projects must take both project-specific details and evolving trends into consideration before making a final decision. Below, nine members of Cointelegraph Innovation Circle discuss factors a blockchain project should…

Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability

Flow blockchain, under the aegis of Dieter Shirley, co-creator of CryptoKitties and Chief Architect of Flow, has floated a proposal to integrate Ethereum Virtual Machine (EVM) on its platform, aiming for full EVM equivalence. This move is designed to bridge the existing Ethereum dApp ecosystem with Flow’s unique capabilities, offering a seamless transition for developers and users alike. Flow has been engineered for large-scale decentralized applications, introducing a novel multirole architecture and its own smart contract language, Cadence. Despite the advantages Cadence offers, developers have faced hurdles leveraging existing Ethereum-based…

Shift Towards Holding Long-Term; 68.5% of Total Circulating Bitcoin Supply Remains Untouched – Blockchain News, Opinion, TV and Jobs

By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ).  Analysing BTC supply, approximately 68.5% of the total circulating supply has remained untouched for at least one year, nearing its highest level. Additionally, BTC’s hashrate, indicating the computational power on the blockchain network, has reached an all-time high on a 7-day moving average. These statistics underscore Bitcoin’s resilience. Long-term holders are increasing in number, reflecting a shift toward holding the asset for longer-term appreciation rather than speculative purposes. Simultaneously, the heightened competition among miners, despite an…