Blockchain News
Find out everything about the technology that modifies the traditional financial system. Our website will give you information about blockchain technology, upcoming events, and the latest news.
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Polygon Introduced a New Scaling Solution zkEVM
The Polygon team introduced the first EVM-equivalence zero knowledge Layer 2 scaling solution, zkEVM. It allows building on Polygon the same way as on Ethereum. Through zkEVM, developers can deploy smart contracts and use all the tools that operate on Ethereum. A blog post by Polygon says the...
NFT marketplace OpenSea to lay off 20% of employees
OpenSea will cut 20% of its staff, co-founder and CEO Devin Finser said in a letter to the team. He attributed the massive layoffs to "an outstanding combination of crypto winter and across-the-board macroeconomic volatility." “We need to prepare the company for a possible long...
Ethereum Devs Revealed the Date for the Planned Merge
The Ethereum dev team published a paper which reveals a new launch date for the upcoming Marge based on testnets and updates. The planned date is Sept 19, when Ethereum will begin relying on Proof-of-Stake instead of Proof-of-Work. According to a tweet by Ethereum’s Beacon Chain community...
Polygon and Other Tech Companies Chosen for a Disney Program
Polygon, a scaling solution for the Ethereum blockchain and a Web 3 infrastructure is one of the tech companies to take part in Disney’s Accelerator Program. It is focused on advancing opportunities between innovative technologies and Walt Disney. This year, the program is directed toward AR,...
UK Allows Using Blockchain for Suing Someone
A court in the United Kingdom approved the use of blockchain during a legal action for the first time. The ruling was related to a lawsuit started by Fabrizio D’Aloia, founder of a virtual gambling business. According to a Time article, D’Aloia is suing the digital assets exchange Binance and...
NFT Lender Omni was Hacked for $1.4 M
NFT finance Omni, developed by Parallel Finance, was hacked recently and lost around 1,300 Ethers worth $1.43 M in a flash loan reentrancy hack. The platform enables users to stake NFTs and receive tokens in return. The blockchain data analytics company PeckShield tweeted that Omni's hacker...
Johnny Depp Donated to Children’s Hospital via His NFT Platform
Hollywood star Johnny Depp has donated about $800,000 to charities raising funds due to NFT sales. Depp's NFT art platform Never Fear Truth divided the sum between the Children's Hospital of Los Angeles, Perth Children's Hospital, the Footprint Coalition, and the Great Ormond Street Hospital....
Italy to Provide $46 M for Blockchain and Crypto Research
The Italian government revealed incentives for technological developments related to blockchain and AI. A statement published by The Ministry of Economic Development (Ministero dello Sviluppo Economico or MISE) says certain blockchain and other tech projects will be able to apply for up to $46 M as...
Harmony Offers $1 M Bounty To the Horizon Bridge Hacker
Harmony blockchain offered a $1 M bounty to a hacker that exploited a vulnerability on the Horizon Bridge and was able to move $100 M funds. They used different decentralized exchanges to swap the stolen cryptocurrencies for Ether. Harmony said the team won’t advocate for charges if the hacker...
Coinbase Adds Polygon and Solana Support for ETH, MATIC, and USDC
Popular crypto platform Coinbase said in the next month users will be able to make transactions in Ether, MATIC and USDC stablecoin on Ethereum's L2 scaling solution Polygon, and USDC on Solana. Coinbase published a blog post that mentions Ethereum has the largest ecosystem for developers,...
Harmony's Horizon Bridge Was Hacked for $100 M
Today, the Harmony blockchain tweeted that hackers exploited the Horizon bridge for $100 M. The team has started collaborating with national authorities and investigators to find out the criminals and restore the stolen funds. The Horizon bridge provides interoperability between Ethereum, Binance...
Chainalysis launches hacker response unit
Chainalysis decided to increase the effectiveness of the fight against hackers attacking crypto companies. To do this, it creates a special rapid response unit for relevant threats. The Chainalysis press center stressed that any company that has been attacked will be able to seek help 24/7, that...
Avalanche Added Bitcoin Support Through Avalanche Bridge
Blockchain platform Avalanche revealed native support for Bitcoin via the Avalanche bridge. The team published a blog post that says with the new Bitcoin bridging possibility, the network aims to uncover more than half a trillion dollars of value on the BTC network within the Avalanche DeFi...
eBay Buys NFT Platform KnownOrigin
International e-commerce platform eBay revealed acquiring the NFT marketplace KnownOrigin, which provides artists an environment to create digital assets in the form of non-fungible tokens. The announcement about the acquisition said that with the purchase eBay is opening a new era of digital...
Mastercard to Enable NFT Buys on Its Network
International payments company Mastercard announced working to unlock NFT trading with the Layer 2 scaling solution ImmutableX, the digital collectibles company Candy Digital, The Sandbox metaverse, the NFT marketplaces Mintable, Spring, Nift Gateway, and crypto payments company MoonPay. In a...
9 Crypto Firms Are in the Forbes Fintech 50 2022
2022’s Forbes Fintech 50 list includes a record number of crypto-focused companies. The list presents the most innovative private financial technology businesses. Digital asset firms together have attracted $6.5 bln in capital investments with the main part of it received in the previous 12...
Lightning Network Capacity Hit a New All-Time High
On June 6, the capacity of Bitcoin's Lightning Network (LN) set a new ATH. Data from Glassnode shows that this metric surpassed 3.970. Capacity indicates the overall amount of BTCs locked in the network. Launched in 2018, Lightning operates on top of the BTC blockchain and enhances its scalability....
Solana Experienced a New Outage
On June 1, the Solana blockchain faced a technical difficulty, as a result of which the network was halted for over 4 hours. The team tweeted that a bug led to nodes' generating different results for the same block, because of which operations stopped advancing. After about a 4 and a half hour...
Blockchain is an extremely popular technology nowadays. Back in 1991, Nick Szabo has described the tech but did not find a way to bring it to life. Two decades later, in 2009, mysterious Satoshi Nakamoto realized Szabo's idea, and blockchain had become the basis of the famous Bitcoin.
And what do we have today? A system that gathers all the cryptocurrencies, that is changing the banking system and brings modifications to our everyday life. P2P transactions, distributed ledgers, and many other technical features are becoming a part of financial systems. Democratic governments are implementing blockchain in more and more fields of public administration, and this is just the tip of the iceberg. And that is the reason to become aware of these innovations.
Our platform will provide you with the latest blockchain news, will notify you about upcoming events, and give you some practical information, which will surely be useful.
It doesn’t matter you are a technical person or not if you are here on Blockchain Today, keep reading our news, be aware of the latest updates in the industry, discuss the articles with the community members, and don’t forget to find us on social media!
