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Showing posts with the label chain

SBI Holdings and TradeFinex partner to drive blockchain adoption in Japan

SBI Holdings and TradeFinex have established a joint venture in Japan to promote their enterprise blockchain platform on the XDC Network. SBI Holdings, a Tokyo-based company that provides financial services, is the group’s primary holding firm for various businesses and branches.  TradeFinex operates a decentralized finance platform on the XDC Network. It connects trade finance originators with banks and lending institutions, offering blockchain -based products like letters of credit, invoicing, and supply chain finance. You might also like: Honda to launch NFTs at Japanese Formula 1 In the past, TradeFinex has partnered with institutions such as the International Chamber of Commerce and the World Trade Organization (WTO) to expand blockchain technology’s use and benefits.  Japan has been working on developing the crypto industry for several years, having legalized Bitcoin (BTC) as a payment method in 2017, making it one of the first jurisdictions ...

BNB Chain’s cross-chain bridge exploit shakes crypto community 

BNB Chain’s cross-chain bridge (0x489a) recently fell victim to a major exploit. Following the hack’s massive financial losses, concerns about DeFi project security emerged. Peckshield advisory reveals massive losses Investors and security professionals are reeling from an attack on BNB Chain’s cross-chain bridge in which the severity of the harm inflicted was made clear in a stern advisory released by Peckshield, a blockchain security company. Peckshield’s research indicates that the exploit er liquidated about 1.1 million $vBNB tokens, worth about $10.2 million. The cross-chain bridge ’s security architecture was exposed by this hack, which triggered concerns. #PeckShieldAlert #BNBBridge Exploiter has been liquidated ~5.6M $vBNB (worth ~$52.3M) https://t.co/pDzlhOK3mE pic.twitter.com/IaGlXCvzy8 — PeckShieldAlert (@PeckShieldAlert) August 18, 2023 You might also like: RocketSwap unveils response strategy after $865k hack Another inc...

Toyota GR Cup will award digital trophies on Polygon blockchain to race winners

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Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems. The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding digital trophies and record driver performances on the Polygon block chain .  Image source: Toyota press release. Per a press release, the new on-chain awards system will include digital trophies for podium finishers (drivers who take first, second, or third place in a race). The ledger entries will also include statistics about the race and the drivers performance. According to Jack Irving, executive commercial director for Toyota Racing Development (TRD), the point of the program is to put driver’s accomplishments on chain so fans can interact with them: “Blockchain helps us keep a permanent digital record of drivers' achievements that they can share with their friends, family and fans. It also allows us to develop new opportuni...

Binance ceases support for deposits and withdrawals of suspended Multichain-bridged tokens

This decision has implications for users who utilize bridged tokens on networks such as BNB Smart Chain, Fantom, Ethereum and Avalanche blockchains. Binance cryptocurrency exchange has announced it is ceasing its support of deposit and withdrawal services for a range of Multichain-bridged tokens, effective from July 7, 2023.  Binance has officially stated in its blog that the tokens impacted by the decision are Polkastarter (POLS) via BNB Smart Chain, Alchemy Pay (ACH) via BNB Smart Chain, Beefy.Finance (BIFI) via Fantom Network, SuperVerse (SUPER) via BNB Smart Chain, Travala (AVA) via Ethereum Network, Spell Token (SPELL) via Avalanche C-Chain, Alpaca Finance (ALPACA) via Fantom Network and Harvest Finance (FARM) via BNB Smart Chain. This news comes after deposits for various Multichain-bridged tokens were earlier suspended on May 25, 2023, following days of stalled transactions that sparked uncertainty surrounding the Multichain protocol. This decision to now cease support has impl...

Pulsechain V3 Testnet Launched: Mainnet Could Be Released Soon

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The much-awaited PulseChain testnet V3 has been launched on Thursday, March 23 and it is now available for public testing. The founder of Hex, Richard Heart confirmed the release through a tweet giving users access to the block chain . The testnet will be in place for the next few days before the mainnet is integrated and released. “PulseChain testnet V3 is here! Please use it and prepare for the mainnet launch! Warning, this is the final testnet and mainnet may launch at any time now,” the tweet read. Also Read: HEX is Trading at a 9-Month High As Token Continues to ‘Trend’ https://t.co/tyQE8i8y5h test net V3 is here! Please use it and prepare for main net launch! Warning, this is the final test net and main net may launch at any time now PulseX: https://t.co/oPYZ2ATgUi Be a validator: https://t.co/sRsNVN4Jdm Block Explorer: https://t.co/TZ9BGujoPx — Richard Heart (@RichardHeartWin) March 22, 2023 The PulseChain testnet also opened avenues to check ‘how to be a val...

Opinion: The Inter-Blockchain Communication Protocol will end ecosystem maximalism

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IBC is going to allow assets to move between blockchains without the high level of risk inherent to bridging. When I entered crypto, I succumbed to the contest between block chain ecosystem s, believing one had to be “better” than others. I have since realized the future of cryptocurrency is bringing with it a variety of platforms that will excel at different things. With the Inter-Block chain Communication Protocol (IBC), I’ve left behind the days of thinking chain s have to compete and embrace a connected inter chain future. Let me explain. Solana, Polkadot, etc. — what do they have in common? They are individual state machines, each trying to achieve something only one has done before: create a sustainable, robust ecosystem of developers, investors and, most importantly, users. So far, Ethereum shows no signs of slowing. Since beginning the summer of 2020 with an 8% share of the total crypto market, Ether (ETH) has since captured nearly 20% of the market and has remained there....

Analysis: Why is on-chain data analysis prone to misunderstanding?

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Author: @tmel0211 Editor: WuBlockchain Original link: Haotian | Web3 DA @tmel0211 无论如何这些标签都是第三方通过技术手段推算而来,如果交易所高频率更换种子地址,或者有意用混币mixer手段遮掩地址,这样已有的地址标签也会失效。Common Spending推论地址标签的准确性取决于Entity的种子地址数和其更换频率,可以反侦察。只是因为交易所也要在各地搞合规,没必要这样做。6/n 4:19 AM ∙ Dec 9, 2022 Is the Dragonfly shipment really cutting leeks? What is the reason for the frequent transfer of funds by Amber executives? Someone has made FUD loosely many times recently. In fact, first, many labels on the chain are wrong; second, it is difficult to guess the intention behind it simply by looking at the data on the chain, and it is even possible that off-chain/exchanges are hedging at the same time. How to objectively understand the data on the chain is also a challenge for investors. After the FTX collapse, I found that everyone has become sensitive to the on-chain data , such as the change of the address funds on the project party chain (going to run away?), the assets of large households flowed into the exchange (crush the market...