Blockchain

DeFi platform Hedgey Finance Suffers $44.7 Million Exploit
Blockchain

DeFi platform Hedgey Finance Suffers $44.7 Million Exploit

Hedgey Finance, a decentralized finance (DeFi) platform known for supporting decentralized autonomous organizations (DAOs) with token distribution services, recently found itself under siege in a cyber attack that resulted in a substantial loss of $44.7 million across two blockchain platforms, Arbitrum and Ethereum. This attack has raised concerns about the security vulnerabilities within the decentralized finance (DeFi) […]

Apr. 19, 2024
Bitfinex Securities Launches Tokenized Debt to Build Hotel in El Salvador
Blockchain

Bitfinex Securities Launches Tokenized Debt to Build Hotel in El Salvador

Bitfinex Securities revealed today its intentions to initiate a tokenized debt offering to raise $6.25 million. This capital will be used to develop a Hampton by Hilton hotel complex at El Salvador’s international airport. The company, Bitfinex Securities El Salvador S.A. de C.V., is a major player in tokenized securities. Businesses leverage the blockchain to […]

Apr. 12, 2024
Ethereum L2s to Reach $1T Market Cap by 2030: VanEck Analysts
Blockchain

Ethereum L2s to Reach $1T Market Cap by 2030: VanEck Analysts

In an April 3 report, analysts from investment management company VanEck forecasted Ethereum‘s Layer-2 protocols will hit a market capitalization of $1 trillion by 2030. VanEck’s prediction is based on the significant growth and impact of L2 technologies on Ethereum’s performance and scalability. The company’s senior digital assets investment analyst Patrick Bush and digital assets […]

Apr. 5, 2024
Tron’s Legal Tussle: Defending Foreign Grounds Against SEC
Blockchain

Tron’s Legal Tussle: Defending Foreign Grounds Against SEC

The Tron Foundation, the entity behind the layer-1 blockchain Tron, has filed a motion in a New York federal court to dismiss a lawsuit brought against it by the United States Securities and Exchange Commission (SEC). The Foundation argues that the SEC’s case targets “predominantly foreign conduct” beyond the regulator’s jurisdiction. In its March 28 […]

Apr. 1, 2024
Ethereum Network Hits 1M Validators with $114B Staked
Blockchain

Ethereum Network Hits 1M Validators with $114B Staked

Data from a Dune Analytics dashboard created by Hildobby, which tracks Ethereum staking progress, shows that the total number of validators on the Ethereum blockchain reached the one million mark on March 28. These validators have staked over 32 million of Ether, valued at approximately $114 billion based on current market prices. This amount constitutes […]

Mar. 28, 2024
Polygon zkEVM Experiences Downtime Amid Blockchain Sequencer Problems
Blockchain

Polygon zkEVM Experiences Downtime Amid Blockchain Sequencer Problems

Ethereum layer-2 scaling solution Polygon has announced that its zero-knowledge Ethereum Virtual Machine (zkEVM) is currently experiencing downtime due to an issue with its blockchain sequencer. In a post on X, Polygon assured its two million followers that the problem is confined to zkEVM alone. “This only impacts Polygon zkEVM (the only rollup) and does […]

Mar. 26, 2024
BlackRock Deposits $100M USDC, Gains Memecoins & NFTs
Blockchain

BlackRock Deposits $100M USDC, Gains Memecoins & NFTs

In a surprising turn, asset management giant BlackRock has emerged as a notable player in cryptocurrency and nonfungible tokens (NFTs), acquiring a substantial portfolio worth at least $40,000 in memecoins and NFTs. The revelation came to light after vigilant observers tracked transactions to one of BlackRock’s wallets associated with a new tokenization fund. Data shows a […]

Mar. 21, 2024
BNB Smart Chain Upgrade: Blob Transactions in BEP 336
Blockchain

BNB Smart Chain Upgrade: Blob Transactions in BEP 336

BNB Smart Chain (BSC) is introducing a significant upgrade called “BEP 336.” Inspired by Ethereum’s EIP 4844, this upgrade aims to improve the storage and processing of data on the blockchain, leading to notable reductions in transaction costs and improvements in network performance. BNB Smart Chain: Efficient Data Solutions The upgrade introduces “Blob-Carrying Transactions” (BlobTx), […]

Mar. 14, 2024
Ethereum L2s Show a Significant Drop in Transaction Fees After Dencun Upgrade
Blockchain

Ethereum L2s Show a Significant Drop in Transaction Fees After Dencun Upgrade

The Dencun upgrade went live on the Ethereum (ETH) network on March 13, which resulted in a significant decrease in the transaction fees on Layer-2 (L2) chains like Optimism, zkSync, Arbitrum, and Coinbase’s Base. Dencun is a scalability-focused upgrade on the Ethereum mainnet, with many considering it one of the most important upgrades since the […]

Mar. 14, 2024