On November 21st, the Sui Network, a noteworthy Layer 1 blockchain, faced significant operational challenges when it encountered a failure to produce blocks on its mainnet. This led to a disruptive two-hour downtime, effectively stalling the entire blockchain operation. The roots of the issue were traced back to a bug within the transaction scheduling logic,
Celsius Network, a cryptocurrency platform that once attracted considerable attention for its ambitious financial products, is now grappling with significant insolvency challenges. The company has found itself ensnared in complex legal battles aimed at recouping funds linked to what it describes as fraudulent transfers to undisclosed digital wallets. These proceedings hint at broader concerns regarding
Since its debut in early 2023, My Neighbor Alice (MNA) has rapidly gained traction as one of the leading blockchain-based metaverse games. This engaging platform, which combines elements familiar to fans of titles like Minecraft and Animal Crossing, allows players to explore, construct, and collaborate within a virtual universe. However, the team behind MNA isn’t
The cryptocurrency landscape is known for its volatility and unpredictable nature, but its patterns often reveal an ebb and flow that astute observers can leverage. As of recent developments, Ethereum, the second-largest cryptocurrency by market capitalization, has shown signs of a potential resurgence. After achieving a local peak and subsequently entering a phase of price
In the ever-evolving world of cryptocurrency, scams remain a critical issue affecting many investors and community members. The Shiba Inu (SHIB) community, known for its enthusiastic and vast following, has recently become a prime target for fraudsters looking to exploit the popularity of this meme coin. As the cryptocurrency market experiences periodic rallies, these fraudsters
On the occasion of Nikolai Durov’s 44th birthday, the NikolAI project is embarking on an exciting venture: an inaugural series of NFTs aimed at honoring Durov, a pivotal figure in mathematics and technology, known for co-founding Telegram. This NFT series showcases the creative intersection of art, blockchain technology, and community engagement within the TON ecosystem,
In a remarkable turn of events, South Korean authorities have managed to recover 4.8 Bitcoin (BTC) linked to the infamous Upbit exchange hack of 2019. This incident marks a significant chapter in the ongoing battle between cybersecurity and cybercrime, primarily due to its connections to North Korean hacker groups. The original heist resulted in the
Since reaching a peak of $4,446 on November 12, Ethereum (ETH) has been entrenched in a phase of consolidation, primarily characterized by its inability to reclaim previous highs. Unlike Bitcoin, which has attracted substantial attention due to its rally, Ethereum has experienced a lackluster performance, with many investors contemplating its potential trajectory. This article delves
In an ambitious stride toward modernizing the UK’s financial ecosystem, Agant is gearing up to introduce GBPA, a regulated stablecoin pegged to the pound sterling. With an impressive user base of over six million individuals actively participating in digital asset markets, alongside 32% of UK institutions now engaged in this space, the timing for GBPA
In a world where financial regulations constantly evolve, the leadership of regulatory bodies becomes increasingly crucial. Jesse Powell, the founder of the Kraken cryptocurrency exchange, recently expressed his endorsement for Brian Brooks, the former acting US Comptroller of the Currency, as a potential new chairperson for the Securities and Exchange Commission (SEC). Powell’s public support