Eclipse to Use Solana’s Virtual Machine for Its Mainnet Launch
Eclipse, an Ethereum layer-2 network project, has announced that it will use Solana’s Virtual Machine (SVM) for its mainnet launch by the end of the year. This will enable faster and cheaper transaction execution on the modular blockchain platform. Eclipse Adopts a Modular Blockchain Approach Eclipse, an Ethereum layer-2 network project, has revealed its plan […]
Will ARB Continue to Attract Whales After Chainlink CCIP Launch?
ARB, the native token of Arbitrum, a leading Ethereum layer 2 scaling solution, has seen strong support from large cryptocurrency holders, who have been buying and holding the token despite a recent market downturn. The launch of Chainlink CCIP and the introduction of a feature to protect against impermanent loss have also boosted the network’s […]
JP Morgan Report: Ethereum’s Shanghai Upgrade Fails to Impress
A new report from JP Morgan reveals that Ethereum’s Shanghai upgrade, which switched the network from proof-of-work to proof-of-stake, did not boost its performance as expected. The report analyzes the reasons behind Ethereum’s disappointing network activity and its challenges in the crypto market. Ethereum, the world’s leading smart contract platform, underwent a major upgrade in […]
Balancer Recovers from DNS Attack, Warns of .fi Domain Risks
Balancer has recovered its domain after a DNS attack that compromised its website and led to the loss of $240,000 in crypto. The attack resulted from a social engineering attack on EuroDNS, the domain registrar for .fi domains. Balancer is considering moving to a more secure registrar and warns other projects to do the same. […]
Will Stellar Price Rebound or Fall Further Amid FTX Liquidation?
Stellar (XLM) price has been on a downward trend since July, reaching a low of $0.105 in August. The price has failed to sustain a breakout from a descending resistance line and is facing a strong resistance at $0.130. The technical indicators are mixed, suggesting that the price could go either way. Meanwhile, the FTX […]