BinLaance’s Layer 1 BNB chain has announced its own zero-knowledge (ZK) proof scaling technology, called zkBNB. As Ethereum co-founder Vitalik Buterin noted in his ‘Endgame’ paper, zero-knowledge proofs are one of the potential long-term alternatives for decentralized blockchain scaling. It is a new scalability and privacy technique that uses mathematical proofs to allow the verification … Read more
Gameplay Galaxy, the developer of web2 sports and racing games, raised $12.8 million in a seed round to grow its portfolio of decentralized competitive games. Users will be able to own racing-related gaming assets, like as racetracks and characters, as NFTs that can be purchased and traded on a decentralized marketplace through Gameplay Galaxy’s competitive … Read more
The late English musician David Bowie’s estate has announced the sale of certain non-fungible tokens in a project launched by a group of artists. The NFT project dubbed ‘Bowie on the Blockchain’ is a partnership with acts like We Love the Arts and film producer Joaquin Acrich alongside other artists, including FEWOCiOUS, JAKE, and Nadya … Read more
Nereus Finance, an Avalanche DeFi staking platform, was hit by a flash loan arbitrage assault on Tuesday, which saw the exploiter steal $370,000 in USDC stablecoin. Snowtrace on-chain data suggests that the attacker funded the hack with a $51 million flash loan. The money were used to carry out a flash loan attack on Nereus, … Read more
LG Electronics, the South Korean TV behemoth, announced the launch of a non-fungible token marketplace, LG Art Lab, possibly opening up NFT collecting to a much larger audience. Users will be able to explore, purchase, sell, and trade NFTs on LG’s smart television sets using the newest platform, which is based on the Hedera blockchain. … Read more
The impending Merge upgrade is propelling Ethereum (ETH) to challenge Bitcoin’s (BTC) supremacy as the top-ranked cryptocurrency by market capitalization. In this regard, as of September 6, Bitcoin’s crypto market domination has fallen to a four-year low, with a market value of $381. 2 billion. Ethereum accounts for 20.3% of the market value of $202.8 … Read more
Liz Truss is set to become the United Kingdom’s next prime minister after winning the election to replace Boris Johnson as Conservative Party leader. It is quite possible that Ms. Truss’s response to the cost of living crisis, which she vowed to implement within days of assuming office, will define both her premiership and her … Read more
According to the Australian Financial Review, the Australian Federal Police (AFP), the country’s primary law enforcement body, has established a new section dedicated to combating cryptocurrency-related criminal activity. Stefan Jerga, the agency’s officer in charge of confiscating illegal assets, argues that there has been a considerable increase in the amount of cryptocurrency-related offenses. As a … Read more
Cardano (ADA) creator Charles Hoskinson is revealing what`s next for the Ethereum (ETH) rival`s blockchain after the highly anticipated Vasil upgrade. In a new video, Hoskinson confirms the release date of the hard fork Vasil is September 22nd, an upgrade that aims to increase the scalability of Cardano. Once the big Vasil update is up … Read more