Blockchain

In a recent Twitter post, global cloud service provider Google Cloud revealed an integration with the Solana blockchain network.  The tweet, addressed to Solana co-founder Anatoly Yakovenko began: “Should we tell our followers the big news?” https://twitter.com/googlecloud/status/1588912775291609093?s=20&t=RMi6Zv8Bh8PgTolVuYEgQA Solana’s Latest Validator The platform followed the tweet with another one hour later, explaining exactly what they had accomplished. It appears Google Cloud now plays a key role in the Solana network. The follow-up post announced: Now that we got your attention... check…

Major crypto exchange Binance is prepared to set up a unit of experts to aid Twitter's crypto and blockchain-focused ventures. News of this emerged via a report on Oct 28 not long after Tesla billionaire Elon Musk completed the controversial, high-profile Twitter deal.  Musk Finalizes Twitter Deal Binance’s new team will probe into the best ways to deal with Twitter’s drawbacks using blockchain technology. These include the abundance of bots on the platform, Musk’s single greatest issue with Twitter, and…

The BNB smart chain is back online after the team put activities on hold due to a recent hack on its cross-chain bridge. An official update from the network noted that validators were verifying their status and also upgrading community infrastructure. In a tweet, Binance founder Changpeng Zhao placed the losses from the exploit at an estimated $100M worth of assets.  Binance Puts Operations On Hold The network initially announced that they were halting operations late on Thursday due to…

On Friday and in the early hours of Saturday, the Solana network experienced yet another outage, frustrating thousands of Solana users. The recent event is the second major downtime the network has suffered since January this year when it experienced a slew of partial outages. It took some hours for the network devs to resolve the issue which notably caused the network’s native token to slip 6%.  Solana Validators Restart the Network Mainnet Solana first called attention to the outage…

David Rubenstein – co-founder of the asset management firm Carlyle – recently told Bloomberg about how his view on crypto has changed over time.  The billionaire now believes that digital assets are “not going away,” and said he has personally invested in some crypto industry businesses.  Why Would Someone Want Crypto? During the interview, Rubenstein began by equating cryptocurrency investing to gambling. “If it gives you pleasure to do the gambling, allocate enough money that you can afford to lose,”…

On Thursday, Multichain DeFi project Kyber Network fell victim to an exploit losing assets worth $265,000 in the process. According to the team's official report, the malicious actors behind the hack targeted the KyberSwap user interface. This makes the exchange the latest in a series of DeFi platforms to suffer such attacks.  Malicious Code in Kyber’s GTM Script Kyber alerted users to the attack in a Twitter post yesterday evening which also outlined the details of the hack. In the…

According to founder Charles Hoskinson, the Cardano blockchain network is set to undergo its Vasil hard fork upgrade in September. Hoskinson revealed this in a video yesterday where he discussed the forthcoming upgrade.  If No Major Bugs Show Up, Vasil Could Go Live in September At the moment, the Cardano devs are working alongside the community and running tests on node version 1.35.3. As Hoskinson noted, the team is using a lot of community infrastructure for the upgrade. However, he…

State-owned institution Bank of China has just rolled out an educational program that incorporates the nation’s digital Yuan and smart contracts. The Bank of China hopes the new feature could help mirror the possibility of using smart contracts in payments. The central bank's announcement emerged on Tuesday, August 16 via local news outlet Sohu.com. The Longquan Education and Training Program According to the report, the country's decision to leverage smart contract technology in the education sector is the latest in…

Jenny Johnson – CEO of $1.4 trillion money manager Franklin Templeton – recently called Bitcoin a “distraction” from true financial innovation. By contrast, she said its blockchain technology will have a “pretty dramatic” impact on the financial industry, and others. In an interview with Bloomberg, Johnson doubted that governments will allow Bitcoin to become a dominant global currency. “It’s more like religion, and people are going to debate it,” she said.  Blockchain, however, was another story. She claimed that her…