Communication

IBC implementation connects Cardano to over 115 blockchains, enhancing modularity and scalability within the interchain ecosystem. The addition of IBC allows deployment of Ethereum Virtual Machine-compatible decentralized applications on Cardano’s secure sidechains. The Cardano Foundation has incorporated the Inter-Blockchain Communication Protocol (IBC) into its blockchain network. This integration is aimed at facilitating effective data and asset exchanges between different blockchain networks, addressing common challenges such as scalability and data privacy in blockchain technology. IBC is recognized for enabling data and…

The post Hacker Behind $68 Million Adress Poisoning Initiates Communication appeared first on Coinpedia Fintech News After seven days of the phishing attack, the hacker finally sent an on-chain message to the victim. The message asked the victim for his telegram. Not just the message, additionally he has also sent 51 Eth $152k. The trader who lost $68 million had immediately tried to contact the hacker, offering to keep him 10%, i.e. $7 million, but that went in vain with…

Analysts have reduced the odds of spot Ethereum ETF approvals to 25%. Industry veterans believe longer delays in approval might help TradFi adjust to crypto more. Recent developments including an investigation from the United States Securities and Exchange Commission (SEC) appear to have cast a shadow of doubt over the immediate prospects of a spot Ethereum Exchange-Traded Fund (ETF) launch. Bloomberg ETF expert Eric Balchunas recently reduced the probability of the ETF being approved by May 23, the final application…

Reports emerging from Australia indicate that the Country's tax administrator, The Australian Tax Office (ATO) is preparing to seek out crypto traders concerning their tax obligations.  Tax Claim Goes Back Several Years A media report on Wednesday cites an ATO spokesman confirming that the agency will contact over 35,000 traders regarding their tax compliance spanning a few last years.  The Australian law regards cryptos as property subjecting them to capital gains tax. Thus trades are mandated to report all proceeds…