Day: 4 August 2022

Galoy, the company that created the open-source banking architecture on which El Salvador's Bitcoin Beach Wallet is based, has announced plans to launch Stablesats, a Bitcoin-backed synthetic dollar product.  Stablesats is an open-source system designed to be a viable alternative to traditional stablecoins. It functions by utilizing perpetual inverse swap, ...

Index Coop introduced the Metaverse Index (MVI). It is a collection of tokens designed to reflect the trend of online entertainment, sports, and commerce. The index is represented by an ERC-20 coin. It is a collection of tokens created to reflect the trend of entertainment, sports, and commerce moving online. ...

The "Merge" is perhaps the most significant upgrade in Ethereum's history. Extensive testing and correction of defects were conducted to guarantee a secure transition to the Proof-of-Stake consensus mechanism.  Ethereum has long been hampered by speed and processing cost constraints. As a Proof-of-Work blockchain, it only processes 30 transactions per ...

The Nomad cross-chain bridge was hacked on Monday, August 1, but some hackers have returned almost $16.6 million of the stolen assets at the time of writing.   During the two-hour attack, Nomad's holdings fell by 99%, from $190.7 million to $651.54. In a tweet early Tuesday morning, Nomad stated it ...

A hacker has drained over 8,00 Solana wallets of nearly $6 million (£4.9 million) in assets. The news of this negative event echoed throughout the crypto space, sparking different speculations and reports on the root cause of the attack.   According to a Twitter report by Solana Status, some engineers and ...