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Phantom Wallet, the cryptocurrency wallet initially designed for the Solana blockchain, has soared to new heights, surpassing the long-reigning social media titan, Facebook, in the Google Play Store’s US rankings. Originally catering to Solana (SOL) token users, Phantom Wallet has strategically expanded its horizons. It now supports a variety of major cryptocurrencies, including Bitcoin (BTC),…
The Abu Dhabi Agriculture and Food Safety Authority has just announced a ban on cryptocurrency mining on farms. This measure was taken as a response to the misuse of farmland for activities unrelated to agriculture, with the government imposing fines of up to 10,000 UAE Dirhams (approximately $2,722) for any violations. Various sources claim…
We are witnessing a move that could potentially reshape the landscape of blockchain technology on a larger scale. nChain, a prominent player in the Web3 and blockchain sectors, has announced the creation of the ‘Universal Blockchain Asset.’ This announcement was made during the London Blockchain Conference, marking a key moment in the ongoing evolution of…
In a startling turn, the blockchain-based gaming platform Gala Games fell victim to a significant security breach, leading to the unauthorized minting of 5 billion GALA tokens, cumulatively valued at over $200 million. This incident, which unfolded on May 20, 2024, exposed the fragility of decentralized systems and the dire need for robust security measures….
Robinhood Crypto has announced the launch of Solana staking services, offering a competitive annual percentage yield (APY) of 5%. This strategic decision caters to the growing demand for the SOL token among the platform’s EU user base. The 5% APY is a slight step down from Coinbase’s 5.42% reward for Solana staking, yet it represents…
In a decisive move to safeguard national security, US President Joe Biden has mandated the relocation of property owned by a Chinese-backed cryptocurrency mining firm, MineOne Partners, situated perilously close to a strategic nuclear missile facility. The President’s directive comes amid escalating concerns over potential intelligence activities and the positioning of foreign-owned real estate near…
The much-anticipated Notcoin (NOT) token has confirmed its launch date. The digital currency, which will be minted on The Open Network (TON), is set to make its debut on May 16, 2024, with major cryptocurrency exchanges like Binance, and OKX gearing up to support the rollout. OKX will hold a “Jumpstart” campaign around NOT, rewarding…
The NFT game “Fantasy Top” has made a significant splash in the by paying out a substantial sum of $1.25 million in Ethereum to its participating influencers. This innovative game, which operates on the Ethereum layer-2 network Blast, has turned these influencers into tradable NFT cards, creating a fantasy football-esque experience for its users …
The cryptocurrency community is facing renewed scrutiny concerning security as hackers have laundered $7 million through Tornado Cash, a crypto mixer known for its role in clouding the origins of digital assets. The funds in question were siphoned off from two major cryptocurrency platforms, Poloniex and Kronos Research, and subsequently funneled through Tornado Cash in…
In a not-so-recent development in the crypto world, Ripple is set to launch its USD-backed stablecoin this June. At the recent Las Vegas conference, Ripple’s Chief Technology Officer specifically teased some updates on the launch, further revealing that final details will be shared on the XRPL Apex event in June. Ripple’s stablecoin launch, promised to…
In a recent development that has caught the attention of the cryptocurrency community, Bitfinex’s Chief Technology Officer, Paolo Ardoino, has addressed concerns regarding alleged security breaches. Ardoino firmly dismissed the claims that the exchange’s database had been compromised as ‘pure FUD’ (fear, uncertainty, and doubt), emphasizing that no group has approached the company demanding a…
What is tokenization? What are Real-world assets? and what makes an asset a real-world asset? In this article, we’ll take e a deeper review of the tokenization of real-world assets and what they mean for an investor, and the potential benefits they have to disrupt the way businesses operate. What are Real-world Assets…
Jamie Dimon, the CEO of JP Morgan Chase, has made headlines with his critical remarks on Bitcoin, referring to it as a ‘Ponzi scheme’. His comments have sparked widespread discussion within the financial community and among cryptocurrency lovers. The interview took place on Bloomberg’s platform with Dimon standing as a representative for JP Morgan…
Blockchain indexing is a process that organizes the vast and complex data within a blockchain to make it easily searchable and accessible. Since blockchains naturally store data in a chronological sequence of blocks, finding specific information can be like looking for a needle in a haystack. Indexing solves this by creating a database, much like…
