Blockchain bridges, also known as cross-chain bridges, are designed to connect different blockchain networks and enable the transfer of assets between them. However, developers must address several fundamental security concerns to ensure these bridges are safe and secure. One primary concern is the potential for hacking or theft of assets. As assets are transferred across […]
PayPal Halts Stablecoin Project Amid Regulatory Scrutiny
Fintech giant PayPal has stopped work on its upcoming stablecoin project amid the regulatory scrutiny and crackdown of the crypto sector by United States regulatory bodies. Reports by Bloomberg indicate that PayPal Holdings has stopped work on its upcoming stablecoin as regulatory bodies in the U.S. increase their scrutiny of the crypto sector. Adding to […]
Jump Crypto unveils critical vulnerability on Binance’s BNB Chain
The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team. Web3 infrastructure firm Jump Crypto has discovered a vulnerability in the Binance BNB Beacon Chain, which would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed […]
Bitcoin miners as energy buyers, explained
Bitcoin miners as energy buyers utilize renewable energy sources and excess electricity offered by utility companies to fuel their mining operations. Does the energy system benefit from Bitcoin mining? Bitcoin mining can spur demand for electricity, which can help advance the development of renewable energy sources, but it also uses a lot of energy and […]
Ordinal Inscriptions Take the NFT World by Storm: Over 50,000 Added to the Bitcoin Blockchain in 2023
As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the blockchain, with some inscriptions fetching high prices via over-the-counter (OTC) trades. A clone of the popular […]
Bit2Me Debit Card Launch Gives Users up to 9% Cashback on All Purchases
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than 90 million global businesses and up to 9% cash […]
Bitcoin Price Analysis: Gains Above 21419 – 12 February 2023
BTC/USD Better After Testing 21419: Sally Ho’s Technical Analysis – 12 February 2023 Bitcoin (BTC/USD) sought to add to its modest recovery early in the Asian session as the pair crept back above the 21750 area after recently trading as low as the 21467.43 area. This recent move lower represented a test of the 21437 […]
NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements
Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week. Top NFT Collection of the Week: Otherdeed Leads with […]
PayPal puts its stablecoin project on hold
Payments giant PayPal has paused work on a potential upcoming stablecoin, Bloomberg News reported on Feb. 10. A representative of the company told Bloomberg: “We are exploring a stablecoin…If and when we seek to move forward, we will, of course, work closely with relevant regulators.” Though PayPal never officially announced that project, code for a […]
AshSwap the first stable-swap DEX Launches on MultiversX Mainnet
Ho Chi Minh City, Vietnam, 11th February, 2023, Chainwire AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge critical DeFi functions and provide tighter spreads with a fraction of the liquidity on MultiversX. In November 2021, AshSwap […]