ICP Community Pledge $80M to Aid Project Decentralization
Internet Computer (ICP) community members pledged Internet Computer tokens worth nearly $80 million to aid in decentralizing protocols within the ecosystem last year. The March 25, 2023, report of the DFINITY Foundation, a contributor to the Internet Computer network, detailed the community’s allocation of over 6.5 million ICP tokens towards decentralization initiatives. The Internet Computer’s […]
Munchables Hacker Returns Stolen Funds Without Ransom
Following the Ether exploit on Munchables, the developer hacker, who stole $62.8 million worth of Ether , has decided to return the funds without demanding a ransom after eight hours. At approximately 9:30 pm UTC on March 26, Munchables, an Ethereum-based nonfungible token (NFT) game, disclosed a breach that compromised the GameFi application, resulting in […]
Near Protocol Introduces Multichain Transactions From Single Account
The layer-1 Near Protocol can now support chain signatures; according to the Near Foundation, this development grants near-account holders access to multiple chains. According to a press release, Eigenlayer, an Ethereum-based restaking project, has joined Near as a launch partner, enhancing the Chain Signatures network’s security. The decentralized multi-party computation (MPC) network and Near’s validators […]
A Deep Dive into the Tokenomics of DeFi Insurance Platforms
Decentralized Finance (DeFi) has restructured conventional financial services by providing transparent, permissionless, and inclusive alternatives to traditional banking and insurance systems. Among the myriad applications within DeFi, insurance platforms have emerged as critical components, offering risk management solutions for users engaged in various decentralized activities. Understanding the tokenomics, the economic principles governing the native tokens […]
HSBC Launches Gold Token For Retail Customers in Hong Kong
In a significant move towards digital asset adoption, HSBC has introduced tokenised gold for retail customers in Hong Kong. This constitutes a significant progression in the region’s financial environment. The introduction of the HSBC Gold Token grants individual clients an easy and convenient method of allocating funds towards gold investments, facilitated by the financial institution’s […]