Avalanche’s HyperSDK Upgrade Achieves 143K TPS on Testnet
Avalanche is currently testing a framework for building high-performance Virtual Machines (VMs) from scratch on the network. Blockchain layer-1 contract network During testing of the HyperSDK blockchain upgrade, Avalanche’s testnet reportedly surpassed 140,000 transactions per second. Avalanche is evaluating a network-based framework for constructing high-performance Virtual Machines (VMs) from scratch. Ava Labs claims that HyperSDK […]
FTX to Reverse Payments to Shaq, Naomi Osaka, and Miami Heat
FTX listed the millions it paid to celebrities such as Shaquille O’Neal, Naomi Osaka, and others that it hopes to recover. FTX is investigating whether it can recoup the millions of dollars paid to prominent athletes and sports teams that promoted the exchange before its bankruptcy filing in November. In a court filing of over […]
Coinbase To Suspend Trading Services In India
Coinbase intends to withdraw its operations from India due to the country’s challenging regulatory environment. In the latest development, crypto exchange Coinbase plans to discontinue crypto trading services in India by the end of the month. The exchange notified its Indian clients via email of significant regulatory challenges in India. According to reports, Coinbase has […]
G20 Recommendations Hint at No Crypto Ban in India
Even though the G20 has already endorsed the FSB and IMF’s recommendations, the next step involves the implementation of crypto regulations. The G20 nations endorsed the Financial Stability Board’s (FSB) recommendations for regulating, surveillance, and oversight of crypto assets on Sunday, September 10. According to a government official, this development is quite favorable for Indian […]
Expert: Blockchain Could Have Averted Nigeria’s Naira Scarcity
Christopher Eniayemo Suggests DeFi Could Have Guided Decision to Print New Naira Notes, Involving Nigerians in the Process. A collection of local blockchain experts cited Nigeria’s currency flow shortage as an example of how blockchain technology can assist in resolving economic issues in Nigeria and across the African continent. At the Stakeholders in Blockchain Technology […]