Latest News for: Blockchain situation


EU Makes Deal on MiCA Legislation to Regulate Crypto Markets

Bitcoin 02 Jul 2022
Furthermore, stablecoin holders will be offered the security of a free of charge claim at any moment, a move that according to some in industry, such as the Blockchain for Europe lobby group, may lead to a situation in which “stablecoins will basically have no ways to be profitable.” ... ....

Ethereum Rising Gas Fees are Still Concerning But Presents Opportunity For Decentralized Exchanges

NewsBTC 30 Jun 2022
The rise in gas fees has made it one of the most expensive blockchains to trade on, and Ethereum-based projects are experiencing a decrease in transaction volume because of the expenses. This situation represents a considerable opportunity for decentralized exchanges, which are ...

Harmony Horizon bridge loses $100M due to hack

Cryptopolitan 24 Jun 2022
Here is a brief overview of the theft, its impacts, and how much it has cost the blockchain ... Harmony Protocol is a layer-1 blockchain facing problems as the bearish market has emaciated businesses ... The free-fall situation has made it uncertain what this blockchain’s future will be.

Nexo Taps Citibank for Assistance on Potential Acquisitions as Crypto Markets Struggle

CryptoPotato 23 Jun 2022
Following the public statement of our readiness to help stabilize the industry, Nexo is now in ongoing talks with other big crypto companies for the development of a larger relief plan for the blockchain space. As the situation is both dynamic and sensitive, we will update you as soon as possible.” Citibank Brought Onboard.
photo: Creative Commons
Ethereum - Bitcoin - Crypto - Ripple

What is Ethereum Gray Glacier? Should you be worried?

Cryptopolitan 23 Jun 2022
The Ethereum Difficulty Bomb has long existed on the blockchain ... The end result of the Difficulty Bomb is “longer than normal block times (and thus less ETH rewards for miners),” or Ice Age, which is a situation where the network freezes and stops producing blocks. The Difficulty Bomb was ingrained into the blockchain for a ... timbeiko.eth (@TimBeiko).

Blockchains Vulnerable To Tampering, a DARPA Analysis Finds

Slashdot 22 Jun 2022
A new report finds that blockchain systems might not be working as well as many crypto enthusiasts assume ... Trail of Bits CEO Dan Guido says blockchain -- the public ledgers that keep track of cryptocurrencies, which are replicated on computers around the world -- isn't the egalitarian tech its advocates claim.

One issue preventing Solana from ascending

Invezz 22 Jun 2022
But what I will do is take an analytical angle and use some basic logic to assess the situation. This is a blockchain with immense potential – capable of a higher transaction per second (TPS) than any other major cryptocurrency ... They say a cat has nine lives – well, maybe it’s the same with blockchains.

Cryptocurrency is more centralized than many advocates claim, according to report

Engadget 21 Jun 2022
"It's been taken for granted that the blockchain is immutable and decentralized, because the community says so," said Dan Guido, CEO of Trail of Bits, the software security research company that worked on the report ... Some of these situations are theoretical, but the report highlights some of the deficiencies of blockchain tech.

What is the Ethereum Merge and Why Miners are Worried About It?

Inside Bitcoins 21 Jun 2022
Ethereum is shifting from a POW to POS, which is a less energy-intensive technology after years of being the most popular smart contract blockchain ... Ethereum 2.0 is an improved and advanced version of the Ethereum blockchain that will rely on staking to authenticate transactions as part of a proof-of-stake consensus procedure.

Crypto-linked super PACs boost spending on primary races

Finger Lakes Times 21 Jun 2022
Kristin Smith, executive director of the Blockchain Association, said the stakes are high for the industry come November. The industry wants to avoid another situation like the tax reporting provisions that ended up in the infrastructure bill, Smith said ... Blockchain Association’s ...

C2X Announces Proprietary Platform Mainnet Migration

Longview News-Journal 15 Jun 2022
Blockchain gaming platform provides more options and accessibility for users� ... We have strived to be an open option as a blockchain gaming platform leveraging sophisticated decentralized programs such as Beta Game Launcher, and other services, noted Director of Corporate Development of Com2uS, master provider of C2X.

Bitcoin Is Unlikely to Gain Support Before Falling to $20k

FX Empire 13 Jun 2022
Bitcoin is losing for the seventh consecutive day, at one point on Monday morning, falling below $25K ... Ethereum has lost 28% in seven days ... Advertisement ... Cardano blockchain founder Charles Hoskinson believes there are positives to be found even in the current market situation, as a bearish trend opens new opportunities for the crypto sphere ... Sign Up.

Japan passes landmark stablecoin bill. Will the crypto confidence be restored?

The Times of India 07 Jun 2022
Japan recently scripted history as it became the first country to pass a legal framework around stablecoins ... However, the legislation will come into effect after a year ... "It could lead to multiple issues surrounding liquidity in trading pairs, inflation and different situations that crypto and blockchain stand against," he said ... (Disclaimer ... .

Diageo eyes blockchain tech to check pilferage

The Times of India 06 Jun 2022
In a blockchain and internet of things (IoT)-based traceability situation, smart tamper-proof labels replace manual records and track each transaction as a product moves through the supply chain, usually allowing even the end consumer to scan codes on the label to check authenticity and origin of the product.

How to create an NFT — and why you may not want to

Business Ghana 06 Jun 2022
We have an entire explainer going into NFTs and the culture around them, as well as an explainer on the blockchain technology that NFTs use ... NFTs, or non-fungible tokens, are digital tokens stored on the blockchain ... "NFT artwork is almost never actually stored on the blockchain" ... There are, however, alternatives to the Ethereum blockchain.

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