Ethereum as a Layer-2 Solution for Solana: A Bold Proposal
Solana Labs’ co-founder Anatoly Yakovenko suggests using Ethereum as a layer-2 protocol for the Solana blockchain. This idea would combine the strengths of two leading platforms and create new opportunities for the DeFi ecosystem. Yakovenko believes Ethereum has untapped potential as an L2 protocol for Solana beyond its initial role as a smart contract platform. […]
Huobi Fixes Cloud Storage Breach Risking Users’ Funds
Huobi, a major crypto exchange, fixed a data breach that exposed credentials to its AWS S3 buckets, putting users’ data and assets at risk since June 2021. According to white hat hacker and citizen journalist Aaron Phillips , the breach involved the exposure of credentials granting write privileges to all of Huobi’s AWS S3 buckets, […]
Mastercard To Build Blockchain App Store for Financial Apps
Mastercard plans to launch a “Multi Token Network” (MTN) in beta, offering developers access to powerful tools for creating innovative payment applications. Raj Dhamodharan, the Executive Vice President and Head of Cryptocurrency and Blockchain at Mastercard, described MTN as an “app store powered by blockchain technologies for building regulated financial applications.” The developers will build […]
Blockchain In Space: Exploring New Frontiers
Space travel has always fascinated humans because it challenges their perception of what is possible while fueling technical innovation. The potential impact of using blockchain in space is attracting much interest. This interest will continue to grow as humanity continues to push the frontiers of exploration beyond our planet. Blockchain has gotten much attention for […]
Japan Gives Tax Break to Crypto Issuers to Boost Blockchain Sector
Japan has revised its tax rules for cryptocurrency issuers, exempting them from paying corporate taxes on unrealized gains on tokens they issued and held. The tax exemption aims to facilitate business activities involving token issuance and support the growth of Japan’s blockchain and crypto sectors. Japan is one of the pioneers in regulating and adopting […]