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Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month
19.5.2022
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during...
BNB Chain offers another lifeline to Terra ecosystem projects
19.5.2022
Binance’s BNB Chain will offer support to Terra ecosystem projects looking to migrate away from the ailing DeFi protocol
Do Kwon Pushes On-Chain Proposal Live Even as 92% Vote 'No' in Online Poll
18.5.2022
A revival plan to put Terra back on track after last week’s implosion is not finding backers in the community
Smart Contract Platform Chain’s XCN Token Pumps and Dumps
18.5.2022
The little-known smart contract platform Chain (XCN) is attracting attention after its native XCN spiked in price and briefly leaped into the top 40 list of the most valuable cryptoassets by market capitalization. Shortly after, however, the token dumped in the market to trade at its lowest...
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
18.5.2022
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme...
Terra Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants
17.5.2022
Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include...
Ransomware Gang Extorted 725 BTC in One Attack, On-Chain Sleuths Find
17.5.2022
The infamous Conti ring’s internal messages, leaked in February, served as a jumping-off point for a new transaction analysis by Crystal Blockchain
EY Unveils Supply Chain Manager on Polygon Network
17.5.2022
Big Four consulting firm EY has unveiled its blockchain-based supply chain manager built for the Polygon Nightfall network
David Atkinson, a Blockchain Veteran, Has Joined the ‘Locus Chain’ Project as an Advisor
17.5.2022
The co-founder of 4 highly esteemed organizations, David Atkinson, has an excellent reputation for being a veteran in the Blockchain sphere as an ecosystem builder, economy designer, architect, and entrepreneur. He has contributed significantly to the improvements in Web 3.0. A framework...
MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security
16.5.2022
MakerDAO returned to prominence after Terra’s UST collapse forced investors to search for a truly “stable” dollar pegged asset
Major validator calls for ‘completely new chain’ to replace Terra
16.5.2022
The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it
Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy
15.5.2022
The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the total value locked (TVL) in defi has plummeted from $231 billion to today’s...
On-chain privacy is key to the wider mass adoption of crypto
14.5.2022
Blockchain transactions need privacy to catalyze mass adoption. On-chain privacy is coming, and that’s good for businesses and investors
Top 5 Play-to-Earn Games on BNB Smart Chain
13.5.2022
Play-to-earn (P2E) games are gaining popularity as they enable gamers across the globe to earn crypto for playing games online.
Read on to discover the most popular play-to-earn games on BNB Smart Chain.
BNB Smart Chain, formerly known as Binance Smart Chain (BSC), is an Ethereum Virtual...
Blockchains are forever: DLT makes diamond industry more transparent
13.5.2022
Blockchain integration into any sector has proven to be a fitting move, and the diamond industry’s interest in this technology will without doubt be instrumental in its improvement
Diversify Your Crypto Portfolio With These Three Tokens – Mushe (XMU), Uniswap (UNI), Binance Coin (BNB)
13.5.2022
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
With the rapid growth of cryptocurrencies, many investors are wondering how they can safely diversify their portfolio, without risking too much of their capital. In this article, we will...
Polkadot Launches First Cross-Chain Link Between Acala & Moonbeam
13.5.2022
Moonbeam has announced a cross-chain link with Acala using HRMP bidirectional channels that allow token transfers and native communications between the chains without any bridges. The connection uses XCM on the Polkadot platform as XCM was recently released. However, many more will undoubtedly...
Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch
12.5.2022
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. Terra Blockchain Halts in Order to Prevent...
Tether to move over 1B USDT from Tron to Ethereum and Avalanche
12.5.2022
One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche
PancakeSwap governance proposal set to cap CAKE supply at 750M
12.5.2022
A snapshot motion issued by the PancakeSwap team received over 11 million CAKE votes since commencement, with the majority of participants favoring the v2 evolution