Search results: developers

Ethereum cofounder Vitalik Buterin has sounded a warning against the pitfalls of decentralized finance (DeFi) and self-custody, namely of bugs in smart contract code.

DeFi remains unusable for all beyond a niche community, writes Dennis Jarvis of Bitcoin.com. ‘Should it stay like this, it will never attract a wide audience.’

By excising cryptocurrencies from the ecosystem, crypto-hostile China could steal a march in enterprise blockchain, says Red Date Technology chief Yifan He.

Bursting of speculative bubble described as a turning point in the evolution of digital assets as industry players and observers welcome promise of mainstream adoption and better governance.

NEAR Foundation is establishing a Web3 hub in South Korea to expand its allegiance with blockchain projects in Korea and Asia.

Busan, S. Korea’s designated blockchain city, plans to make itself a global center for the technology. Binance, the world’s largest crypto exchange, plans to help.

Bankman-Fried says the global crypto industry needs a “passporting” policy framework that lowers barriers for crypto businesses.

Top blockchain and crypto news: Aptos launch falls short. Why FTX chief is calling for crypto regulations. Is Hong Kong paving way for a retail CBDC?

South Korea’s Busan signs agreements global cryptocurrency exchanges Crypto.com and Gate.io to grow the city’s blockchain ecosystem.

WEMADE, a South Korean blockchain game developer, recently launched its stablecoin, WEMIX$, for growing its blockchain ecosystem, which houses NFTs and DeFi.

Why has Ripple Labs been in the U.S. SEC’s crosshairs and what’s the difference between Ripple and XRP?

The blockchain network was built by former members of the Meta stablecoin project, with well-known investors and considerable buzz as the new ‘Solana killer.’

The first XRP Ledger (XRPL) Ethereum Virtual Machine (EVM) compatible sidechain has gone live on the parallel test network, XRPL Devnet, Ripple developers announced on Monday.

Hong Kong seems set to put out a new welcome mat for the blockchain and crypto industries, but will it work after concern about regulatory restrictions convinced many cryptocurrency operators to leave?

Konami Digital Entertainment Co., Ltd., a Tokyo-based video game company, announced a recruitment effort for 13 new positions to integrate its game titles with Web3 and metaverse technologies. See related article: NFTs may be the next killer app for video games, but some traditional players object Fast facts The game developer is planning to launch […]

What are the different kinds of NFT wash trading, and what are the red flags that a prospective investor should look for? Anndy Lian explains.

Binance Global Inc., the operator of the world’s largest cryptocurrency exchange, says it successfully completed a hard fork of its BNB Smart Chain (BSC) network around 5 p.m. Hong Kong on Wednesday. See related article: Binance to hard fork BNB Smart Chain amid heated debate around decentralization Fast facts A hard fork is a split […]

As blockchains experience outages, what steps should developers take to best prevent future incidents?

Top blockchain and crypto news: Binance puts brakes on BNB Chain theft. Will quantum computing kill crypto? Huobi sells up.

Bitcoin fell but held above US$19,000 in Wednesday morning trading in Asia as the world’s leading cryptocurrency continued its month-long dalliance with that support level. Excluding stablecoins, most of the top ten cryptocurrencies by market capitalization fell, led by Solana. Dogecoin was the only token on the list to gain ground. See related article: BNB […]

What’s wrong with ‘fat protocols’ like Ethereum and Solana, and why should there be alternatives for the little guys? Yaoqi Jia of AltLayer explains.

Through quick identification and cooperation of network validators, most funds were saved in last week’s BNB Chain exploit.

Bitcoin fell in Friday evening trading in Asia to dip below the US$20,000 support line as the top 10 cryptocurrencies by market capitalization lost ground, led by Dogecoin and BNB. See related articles: Markets: Bitcoin dips; BNB drops on chain glitch; Ether, XRP little changed Fast facts: Bitcoin lost 1.39% in the past 24 hours […]

The BNB Chain — the blockchain operated by the world’s largest crypto exchange, Binance Global Inc. — has suspended operation as developers have identified a potential exploit on the network, according to an official Binance Twitter account. See related article: Chainalysis says $2 bln stolen in cross-chain bridge hacks this year, more expected Fast facts […]

Bitcoin dipped under the US$20,000 support line in Friday morning trading in Asia, a price it has repeatedly fluctuated around for several weeks. Ether, the second largest token by market capitalization, was little changed and up about 2% on the week. Most other coins in CoinMarketCap’s top 10 by market capitalization were flat to lower. […]

Kim Joo-hyun, the chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), said on Thursday the agency will promote blockchain technology and user protections in the crypto market. See related article: South Korea’s all-encompassing crypto law is coming — what we know so far Fast facts “In cooperation with the National Assembly, […]

Top blockchain and crypto news: Celsius founder in hot water. European bank woes cast crypto shadow. Will BSN’s Chinese roots thwart its global ambitions?

China spent billions on its ‘belt and road’ infrastructure network to expand trade so what are its plans for a domestic and international digital infrastructure built on blockchain?

Circle Internet Financial, Inc., the global financial technology company behind the USD Coin (USDC) stablecoin, will soon be making the token available on five additional blockchains, Chief Product Officer Nikhil Chandhok said on Wednesday at the company’s Converge22 conference.  See related article: U.S. Fed has growing interest in CBDCs, says Jeng at Crypto Council for […]

The Philippines now ranks 2nd in the world for crypto adoption, but its path ahead is unclear, writes Emman Navalan. What are the hurdles it must overcome?

DeFi infrastructures powered by Jump Crypto will support blockchain Aptos and have been deployed on its development net.

The Cardano blockchain’s long-awaited upgrade, the Vasil hard fork, successfully completed its first phase early Friday morning, according to Cardano operator Input Output Global Hong Kong’s official Twitter page. See related article: Cardano’s Vasil hard fork upgrade confirmed for Sept. 22 Fast facts Vasil will bring improvements to the Cardano network, making it more scalable […]

Blockchain technology remains a world divided by silos that keep out developers and users, writes Manu Siddaligegowda of Lisk. What are the solutions?

South Korea’s top financial watchdog Monday said it is difficult for the country to establish laws overseeing the cryptocurrency industry in the country ahead of a common global regulatory framework as cross-border enforcement would be a key determinant of effectiveness.

These PoW forks were created to keep revenue flowing for Ethereum’s miners, but plummeting prices put that plan at risk.

Aptos, a public chain launched by former members of failed Meta stablecoin project Diem, announced Friday a prize of up to US$1 million to encourage developers to find major vulnerabilities in the blockchain network, as the launch of the highly-anticipated blockchain fell slightly behind schedule. See related article: Binance makes additional investment in Aptos  Fast […]

A decentralized application (dApp) “XCM DOT Autostake” developed by a team called Entity 54 won the grand prize at Polkadot’s North American hackathon, Polkadot announced on Sunday. See related article: Polkadot Defi hub Acala burns some 1.3 bln mis-minted stablecoins Fast facts See related article: Polkadot to hold first hackathon centered in Latin America 

Non-fungible tokens aren’t merely novelty items — they can play a valuable a role in preserving history and culture, says Artifact Labs chief Gary Liu

Many believe Ethereum is destined to overtake Bitcoin’s dominance in an event known as “The Flippening.” Find out if Ethereum’s reign is inevitable in this Forkast explainer.

A member of the prosecuting team tells Forkast additional charges are likely to be leveled against Terraform Labs Chief Executive Officer Do Kwon following this week’s issuance of an arrest warrant for violating the country’s Capital Markets Act.

Polkadot will hold its first hackathon that focuses on Latin America starting Sept. 26 to engage local developers in the network and promote the uses of blockchain around the world. See related article: Polkadot is top crypto held by VCs and hedge funds in Q4 2021 Fast facts See related article: Polkadot-based Acala Dollar burns […]

Global cryptocurrency exchange Huobi Global announced it will sign a memorandum of understanding with South Korea’s Busan city on Wednesday to help the city establish its first crypto exchange and promote its blockchain ecosystem. See related article: Binance to help S. Korea’s Busan build first city-backed exchange Fast facts The agreement entails Huobi providing technical […]

The most critical upgrade in Ethereum’s history is just around the corner, so what will it mean for prices of cryptocurrency?

Ethereum’s completion of its much anticipated ‘Merge’ this week will unlikely improve the network’s long-term speed or scalability, writes Mark Lurie of Shipyard Software. Why is this so, and why will it still be good for innovation?

Ethereum has long grappled with centralization, which the Merge will unlikely address in a meaningful way, writes Daniel Dizon of Swell Network.

Interoperability is a key characteristic for the metaverse to be useful, writes Dr. Dimitry Mihaylov of National Univ. of Singapore. But the technology and laws are still lacking.

The US$258 billion lawsuit filed against Tesla CEO Elon Musk by an American Dogecoin investor accusing him of running a Dogecoin cryptocurrency pyramid scheme is heating up as new players are summoned in the case. See related article: Markets: Dogecoin still in the dog house; Bitcoin, Ether make up some ground Fast facts First filed […]

China’s Blockchain-based Service Network wears two hats in building blockchains: one for business in China and one for everywhere else, but it doesn’t see a role for crypto in either.

The Cardano blockchain’s hard fork upgrade, Vasil, is scheduled for mainnet on Sept. 22, according to Cardano developer and operator Input Output Global’s (IOG) Twitter announcement over the weekend. See related article: Cardano delays Vasil blockchain upgrade, citing bugs and ‘abundance of caution’ Fast facts “Vasil is the most significant Cardano upgrade to date, bringing […]

How can blockchain help women gain financial independence? And how can female participation be boosted? Social entrepreneur Wendy Diamond explains

South Korea-based LG Electronics is reportedly preparing to release its first crypto wallet application named “Wallypto” in the third quarter of 2022.  See related article: S. Korea’s Danal, LG CNS to build ‘one-for-all’ Web3 payments platform Fast facts LG Electronics has been running a beta test of the application with developers since August and is […]

Busan, South Korea’s second most populous city, Tuesday signed a memorandum of understanding (MOU) with global cryptocurrency exchange FTX to help develop a digital asset exchange. See related article: Binance to help S. Korea’s Busan build first city-backed exchange Fast facts FTX will provide technical and infrastructure assistance to Busan city in establishing the digital […]

Interoperability among blockchains will be central to the next phase of the technology’s evolution, says Cosmos cofounder Ethan Buchman.

Global crypto exchange Binance and the city of Busan in South Korea announced a memorandum of understanding (MOU) on Friday to promote the growth of the blockchain ecosystem in the city and the development of the Busan Digital Asset Exchange. See related article: Issue tokens later for growth, not for initial fundraising, advises Binance chief […]

Alleged Tornado Cash developer, Alexey Pertsev, was accused of facilitating money laundering through the now-sanctioned crypto mixer. Pertsev will stay in jail for at least another 90 days, a judge in the Netherlands ruled on Wednesday. The developer has not been officially charged with any crime. See related article: Tornado Cash arrest heralds storm season […]

Ethereum has by far the most developers from DeFi projects to NFTs so how are they expected to respond to a plan by Etheruem miners to fork the network, a move miners argue is needed to stay in business.

Top blockchain and crypto news: Tornado Cash, mixer crash. Cardano’s Vasil vulnerabilities. Canaan earnings buoy expansion plans.

The Merge, one of this year’s biggest crypto events, is now due to happen next month. Why is it so hotly anticipated — and feared?

Web3 lifestyle app Stepn is releasing a non-fungible token (NFT) running shoe collection in partnership with crypto exchange WhaleFin and Spanish soccer club Atlético de Madrid, the company announced on Thursday. See related article: Play-to-earn game developers pivot to engaging fans Fast facts This collection will feature 1,001 Atlético de Madrid shoes that grant the […]

In a Q&A, the former cryptocurrency miner explains his methods for trying to pull together a band of Ethereum mining brethren in order to keep their rigs running. The idea started at a party at his house.

Virtual worlds currently exist in silos, and there is no easy way to communicate between ecosystems — which limits their value, writes Witek Radomski of Enjin.

Follow the money? Korea Blockchain Week concludes this weekend in Seoul and one of the overarching themes is enthusiasm for blockchain-based gaming as the key to opening up a Web3 world to a broader audience.

Pantera Capital-backed Injective Labs has raised US$40 million to be used to create blockchain optimized for financial applications, it said in a statement.  See related article: Singapore DeFi derivatives exchange SynFutures closes US$14M fund raise Fast facts The funding round was led by Jump Crypto and BH Digital, the crypto arm of hedge fund manager […]

After high-profile cyberattacks on decentralized apps, the blockchain industry is in a hurry to ramp up security. Sam Sangmin Seo, head of Klaytn, tells Forkast that minimizing human error may be the key.

South Korea’s new administration under President Yoon Suk-yeol will likely abolish its ban on blockchain and play-to-earn gaming in 2023, Henry Chang, CEO of South Korea-based video game developer Wemade, said in a media interview joined by Forkast on Tuesday at Korea Blockchain Week 2022. See related article: NFT gaming to drive wider blockchain adoption, […]

Mythical Games, a California-based studio that developed non-fungible token (NFT) game Blankos Block Party, focuses more on in-game assets than the earning aspects of its games, Chief Executive Officer John Linden told Forkast on Tuesday at Korea Blockchain Week 2022. See related article: Play-to-earn game developers pivot to engaging fans Fast facts “We are going […]

The current bear market is an opportunity for blockchain developers to focus on building while there is no “noise,” Polygon cofounder Sandeep Nailwal said during a panel at Korea Blockchain Week 2022 on Monday. See related article: MATIC crypto skyrockets as Polygon joins Disney accelerator Fast facts “In the bear market, the best part is […]

How does a centralized internet browser plan for a decentralized future? Reinvention, and finding a receptive audience. First stop, Southeast Asia.

Once we have scaling technology […] it actually becomes possible to really try to make crypto payments more mainstream again,” Ethereum cofounder Vitalik Buterin said during his keynote speech at the Korea Blockchain Week 2022 conference on Monday. See related article: Prominent Chinese ETH miner plans proof-of-work fork amid The Merge Fast facts “Cryptocurrency payments […]

Tezos has become a leading art blockchain, even in China, where NFTs are barely tolerated. Its regional chief, Katherine Ng, explains its success

Ethereum Classic’s (ETC) price has rallied since Ethereum developers announced the scheduled date for “The Merge,” which will see the blockchain transition from proof of work (PoW) to proof of stake (PoS), while Messari’s Tom Dunleavy says it won’t see sustained growth. See related article: Prominent Chinese ETH miner plans proof-of-work fork amid The Merge […]

As wages stagnate and prices spiral, crypto offers investment and growth opportunities unmatched by the traditional financial system, writes Tarik Moon, CEO of Alpine.