Coinbase Proposes New Metric to Combat Airdrop-Related Distortions
A new metric called the h-index has been introduced by crypto exchange Coinbase to counter biases in tracking on-chain adoption brought about by airdrop-related activity. The publicly traded U.S. cryptocurrency exchange Coinbase, best known for creating Base, a layer-2 Ethereum solution, has unveiled a new metric that it claims would give a more precise indication […]
Norwegian Government Recovers $5.7M Assets in Heist
The $5.7 million in cryptocurrency that was taken during the Ronin Bridge attack has been successfully frozen and returned by Norwegian police. In 2022, the online game Axie Infinity experienced a $620 million attack. Norway successfully froze and returned roughly $6 million in stolen cryptocurrency. In an X post on Friday, Sky Mavis, the blockchain […]
Peru Adopts India’s Unified Payments Interface (UPI)
The Central Bank of the Republic of Peru (BCRP), partnering with the Reserve Bank of India, will establish a system comparable to India’s Unified Payments Interface (UPI). The BCRP and the Reserve Bank of India (RBI) jointly established the National Payments Corporation and participated in the transaction. The new system will facilitate financial inclusion in […]
Zilliqa Version 2.0 to Enhance Speed, Cross-chain Compatibility
The highly anticipated version 2.0 upgrade has been officially published by the blockchain network Zilliqa and is scheduled to be deployed on the mainnet later in 2024. The network claims the new version will enhance the platform’s efficiency, speed, and compatibility with other blockchain networks. Features of Zilliqa 2.0 The sharding architecture, known as x-shards, […]
Sky Mavis Recovers $5.7M from Ronin Bridge Hack of 2022
Axie Infinity creator Sky Mavis disclosed it has successfully recovered $5.7 million from the infamous Ronin Bridge hack of 2022 with the support of Norwegian authorities. Norway’s central unit for combating economic and environmental crimes, “Økokrim,” froze and returned $5.7 million in funds from the Ronin Bridge breach on June 7, according to Sky Mavis. […]