This Blockchain Was Suspended After It Loses $5 Million Due To Bug
After a bug threatened to sap the chain’s liquidity, Osmosis, a layer-1 blockchain on the Cosmos network, was suspended on Wednesday. Validators intervened to stop block production after discovering a new bug that allows users to gain 50% extra when withdrawing their deposits from a liquidity pool. Users took advantage of this and threatened to […]
Cardano (ADA) Soars 9% On This Partnership Advancement
Cardano (ADA) has outperformed its rivals in the last 24 hours after the blockchain made an advancement in its partnership with satellite television company DISH Network. According to data from Coinmarketcap.com, ADA gained about 9% to $0.639, outperforming the 10 largest cryptocurrencies. DISH will provide a decentralized identification and loyalty token built on Cardano technology […]
Japan’s Crypto Regulatory Authority Set To Ease Rules To List New Cryptocurrencies
The Japan Virtual and Crypto Assets Exchange Association (JVCEA), which regulates the operation of crypto exchanges in the country, is considering easing rules for digital token listing. Prime Minister Fumio Kishida recently expressed dissatisfaction with Japan’s existing system while also approving stablecoins as digital money. According to sources acquainted with the situation, The Association has […]
SEC, Binance Probe Will Have Negative Effect On These Major Tokens
The US Securities and Exchange Commission’s (SEC) investigation into Binance had stirred fears over regulatory action against other cryptocurrency exchange tokens. According to reports, the watchdog will look into whether the BNB token was a “Security” at the time of the ICO. FTX and Other exchanges token price plummets amid Binance investigation Many crypto exchanges […]
TRON Adds $100 Million Bitcoin, TRX To Strengthen Its Stablecoin Reserve
Justin Sun, the founder of Tron, announced on Tuesday that the TRON DAO Reserve had sent Tether (USDT) worth $100 million to Binance to purchase more BTC and TRX as a reserve. The TRON DAO Reserve continues to buy BTC and TRX to keep its USDD algorithmic stablecoin stable despite market volatility. The transaction led […]