Author: Preeti Dangwal

Foresight News reports that Ashok Venkateswaran, the Asia-Pacific head of Mastercard’s Blockchain and Digital Assets, discussed the value of programmability as a kind of trust at the Hong Kong Fintech Week discussion. He highlighted the advantages for banks, regulators, and individual users, noting that banks can utilize programmability to automate some procedures, thereby lowering manual handling and guaranteeing client protection, and regulators can use it to establish rules for tokens. As part of a pilot program in Cyberport, Venkateswaran also disclosed that Mastercard is testing the usage of non-fungible token (NFT) certificates on genuine luxury watches. Customers are protected…

A post-incident analysis of the open-source privacy project Monero (XMR) CCS hack has been published, according to Foresight News, by blockchain analysis firm Moonstone Research. According to the report, on September 1, 2023, nine transactions totaling 2,675.73 XMR were made by attackers to steal the balance of an Android non-custodial Monero CCS wallet. The analysis of the Monero CCS attack by Moonstone Research sheds light on the scale of the theft and the security breech. The incident serves as a reminder of the possible risks involved with digital assets and the significance of strong security measures for bitcoin wallets.

In order to create the Meural Opus, a $800 digital picture frame that can show NFTs and link to wallets, wireless provider NETGEAR partnered with SuperRare. In 2018, NETGEAR bought Meural and its smart frame technology. In 2022, the company made a big entry into the NFT market by joining SuperRare’s DAO and cooperating with Metamask. With smart frames expected to expand by 3.1% yearly over the next ten years while the NFT market continues to drop, the launch mixes a rising and a diminishing industry. This is according to Persistence Market Research. The Meural Opus is more than simply…

‘Bruno Block’ Amir Bruno Elmaani, the creator of Oyster Protocol, was sentenced to four years in prison for tax crimes totaling more than $5.5 million, according to CryptoPotato. The verdict was announced by Damian Williams, the United States Attorney for the Southern District of New York, who emphasized the gravity of Elmaani’s actions, which breached investor confidence and tax regulations. Elmaani sold Pearl tokens through an initial coin offering (ICO), with the goal of keeping a “founder’s share” for themselves. He purposefully kept Oyster Protocol Inc. under wraps by using a shell corporation unrelated to his real name. According to…

If the present rate of acceptance of blockchain technology continues, Cointelegraph reports that estimates from Jamie Coutts, an analyst at Bloomberg Intelligence, suggest that there might be 100 million daily users of the platform by 2028. Coutts emphasized that over the past few years, blockchain adoption has remained steady in both boom and bear markets. In the third quarter of 2023, there were more than 5 million active addresses every day, an increase of 14% from 2022; since 2019, quarter-over-quarter growth has averaged 29%. Coutts predicted that by 2028, 100 million daily users may be reached at a more reasonable…

Elastic Security Labs has discovered a sophisticated cyber intrusion by North Korean hackers who are thought to be connected to the Lazarus organization, according to CryptoPotato. A new macOS malware called Kandykorn was used in the event, which is registered under the reference number REF7001, to particularly target blockchain developers working on cryptocurrency exchange platforms. Atypical of macOS penetration techniques, the virus was disseminated via a private chat on a public Discord channel. The virus known as Kandykorn begins communicating with a command-and-control (C2) server by using encrypted RC4 and employing a unique handshake protocol. It waits patiently for…

With the value reaching $0.000007195 on September 21, 2023, Shiba Inu was close to reaching its lowest point during this time. With a high of $0.00000757, the token seems to be back on track after buying activity generated $123,205,529, an increase of 80% over the previous 24 hours. The indicated token value is greater than 3.6%. At the time this piece was being written, it had fallen once more to $0.000007282, a loss of roughly 0.78% over the previous 24 hours. Nevertheless, it is an improvement, and in the future, we can only expect the value to increase. Considering that…

Data indicates possible growth following the predicted halving event in 2024, even while Bitcoin is stuck around $26,000 and the rest of the cryptocurrency market is experiencing a gloomy sentiment. Analysts are upbeat about long-term possibilities, despite short-term estimates that point to additional price declines, possibly to $23,000, according to trading firm FxPro. Cryptocurrencies like Dogecoin and Ripple’s XRP, which both fell by around 4% during the past 24 hours, were at the forefront of the market downturn. While the CoinDesk Market Index, which monitors hundreds of tokens, fell by 1.1%, Ether declined by 0.9%, outperforming the overall market. In…

Collin Brown, a blockchain expert, has predicted that after September 28 the value of XRP, Ripple’s native token, may rise significantly. As of September 28, Brown speculates that Ripple may be preparing to file for an initial public offering (IPO), which could be the cause of this rise. If the cryptocurrency corporation implements this plan, experts anticipate that the price of XRP will climb by 20 times. Brown is not the first trader or expert to expect an XRP surge; KALEO and EGRAG CRYPTO have also stated that the token’s price may rise soon. KALEO anticipates that Ripple would triumph…

The blockchain environment has been improved in a number of ways by Cortina 11 (v1.10.11), which Avalanche has just released. Patrick O’Grady, vice president of engineering at Ava Labs, announced the information on X (formerly Twitter). The development team strongly advises using the upgrade’s features, which are now available as an optional update and are backward compatible with v1.10.0. The addition of ArchiveDB, refactored RewardValidatorTx logic, and a flexible file tracking package are some of the upgrade’s standout features. The functionality of the platform will be improved, and procedures for developers will be simplified. In order to better serve developers’…

With sales of over $31.32 million over the course of the last 30 days, DMarket has surpassed Bored Ape Yacht Club’s sales of about $18.85 million, according to data from Cryptoslam. The Mythos blockchain, which is also the second-highest blockchain in terms of NFT market trade volume over the previous 30 days, only behind Ethereum, is the foundation for DMarket, an NFT and virtual in-game item trading marketplace. The skins for the video game “Counter-Strike: Global Offensive” (CSGO), which have been exchanged on-chain and have a secondary market sales volume of $216 million to date, account for the majority of…

‘Turbo,’ a new Rollup framework created for Autonomous Worlds, has been launched, according to AltLayer, a Rollup-as-a-service protocol. By providing near-instant confirmation, no fuel fees, dynamic scalability, and increased security, the framework seeks to redefine blockchain interactions by building an ecosystem for scalable and immersive applications. It also provides a faster, more affordable, and user-friendly experience. Near-instantaneous confirmation for quick transaction confirmation, dynamic block generation to accommodate changing transaction loads, zero gas fees for more open and affordable blockchain interactions, and horizontal expansion to enable the network to scale smoothly as demand increases are some of the features of Turbo.…

Tether’s new global strategy will be fully implemented by 2024, according to Chief Technology Officer Paolo Ardoino. This step highlights the company’s resolve to adapt and evolve within the changing cryptocurrency landscape, with consequences for the larger crypto ecosystem, even though specifics of the approach are still being kept under wraps. Tether’s ambitious new worldwide plan is expected to be fully implemented in 2024, according to a recent tweet from Ardoino. The announcement has generated a lot of excitement and interest among Bitcoin enthusiasts. In the realm of digital assets, Tether has long been a key player by offering a…

The 118th Ethereum Core Developer Consensus Meeting (ACDC), which focused primarily on Devnet-9 preparations and modifications to the Ethereum Consensus Layer (CL), was summarised by Galaxy Research Vice President Christine Kim. The second testnet, Devnet-9, includes all of the code modifications made for the Dencun update. EIP-7514 and EIP-7516, two new EIPs introduced to the Dencun update during last week’s execution layer meeting, will be activated on Devnet-9 as the initial testnet. Parithosh Jayanthi, a DevOps engineer with the Ethereum Foundation, announced that his group will publish Devnet-9 on September 27. Lodestar, EthereumJS, Lighthouse, and Geth, among other EL and…

Due to the hedging action of options market makers, market watchers believe that the price volatility of ether prior to next Friday’s derivatives expiry may be reduced. The fact that options dealers have accumulated net positive or long gamma exposure suggests that they may be considering a buy-low, sell-high strategy. The 200-week simple moving average, around $1,660, has provided crucial support for the price of ether, which has fallen 2% this week. Its prices may level off in the next days as a result of market makers’ tactics. A market maker, also known as a dealer, is a party that…

Several sources claim that the Sui Foundation has given nine creative teams funds totaling more than $300,000 with the goal of training the upcoming generation of Web3 developers. The projects, that improve education and accessibility within the Sui ecosystem, include mobile courses, tools, and gamified platforms. ‘EasyA,’ a mobile application-based course called ‘Duolingo for Web3 developers,’ is one of the standout efforts and is scheduled to begin by the end of September. The training makes it easier to understand Sui and Sui Move. GPTutor, one of the other notable grantees, is creating a VS Code Extension powered by ChatGPT’s AI…

Nouns DAO, a decentralized autonomous organization (DAO), suffered a devastating split that cost it $27 million in cryptocurrency out of its $50 million fund. It happened because of the tense dynamic between the DAO’s profit-driven traders and blockchain idealists. The Nouns DAO community, notable for paying $90,000 on the name rights for a rare frog, split, with a number of dissident investors “forking” from the main body. A DAO functions in a similar way to a typical business, but it strives for greater decentralization and, ultimately, no centralized leadership. Anyone who buys an NFT from a DAO receives a vote…

Due to a backlog of approximately 470,000 pending transactions, according to data from the Mempool, the Bitcoin network is currently experiencing heightened transaction congestion. The Bitcoin Network’s transaction costs have changed as a result of this. With over 470,000 pending transactions, mempool statistics indicates that the Bitcoin Network is experiencing its longest block fullness. Additionally, recent data shows that the typical Bitcoin transaction fee, which is currently $2.332, has changed over time. This indicates a decrease of 10.23% from the day before and an increase of 122.6% over the previous year. All Bitcoin transactions that have not yet been verified…

Farmville co-creator Amitt Mahajan’s startup, Proof of Play, has raised $33 million to produce Web3 games. Proof of Play’s CEO is Mahajan, while Emmett Shear, the co-founder of Twitch, is a board member. The funding round was co-led by Chris Dixon of Andreessen Horowitz (a16z) and Neil Mehta of Greenoaks. It also included participation from Web3 companies Anchorage Digital, Mercury, Firebase, Zynga, and Alchemy, as well as investors Naval Ravikant, Balaji Srinivasan, and the founders of the streaming service Twitch. In December 2022, Pirate Nation, the company’s debut game, saw a closed beta release. The company stated in its introduction…

From an address identified as “LeverFi: Farming Reserves,” DWF Labs just received 1.8 billion LEVER tokens, or roughly $2.85 million in value, according to Coincu’s monitoring of Lookonchain. Following this significant transfer, the crypto community was ablaze with rumours and intrigue, which caused LEVER’s market value to soar. LEVER crossed the $0.0017 threshold for a brief period of time before exhibiting a minor adjustment. According to the most recent data, LEVER is trading at $0.001681, up more than 10% in the last day. The large deal involving DWF Labs and LeverFi: Farming Reserves may have caused the rise in LEVER’s…