XRPL considers a Canary Network amidst technical challenges - African News - News

XRPL considers a Canary Network amidst technical challenges

Discussions surrounding the potential establishment of a Canary Network for the XRP Ledger (XRPL) have gained traction among the blockchain’s developer community. This initiative, spearheaded by Wietse Wind, co-founder of Xumm Wallet, aims to create a reliable testing environment for the layer-1 blockchain. The proposal comes as a response to the recent critical bug that…

Read More
FTX creditor disputes John Ray’s letter to SBF, claims misinformation - Industry News - News

FTX creditor disputes John Ray’s letter to SBF, claims misinformation

The FTX Saga: A Hollywood Thriller Unfolds with Allegations, Counter-Narratives, and Crypto Assets at Stake The Allegations: An In-depth Analysis As the FTX saga continues to unfold, each new development seems more dramatic than the last. The latest twist comes from Sunil, a creditor with significant stakes in FTX. According to him, the correspondence regarding…

Read More
Spain temporarily suspends Telegram over copyright issues - African News - News

Spain temporarily suspends Telegram over copyright issues

The Spanish High Court has ordered a provisional suspension of the operations of Telegram, the widely-used messaging app, starting from March 25, 2024. The directive was issued in response to complaints filed by several media companies, including Atresmedia, EGEDA, Mediaset, and Telefonica. These firms asserted that Telegram had facilitated the unauthorized distribution of their content….

Read More
Email scam nets millions from FTX, BlockFi creditors’ wallets - African News - News

Email scam nets millions from FTX, BlockFi creditors’ wallets

A highly advanced email phishing scam, which has managed to amass millions of dollars in cryptocurrencies and Non-Fungible Tokens (NFTs) from unsuspecting victims, has come to light. This sophisticated operation targeted creditors of two bankrupt crypto firms, BlockFi and FTX, exploiting their vulnerabilities during a time of great instability in the cryptocurrency market. The scheme…

Read More
No Ban on anonymous crypto wallets in EU, expert confirms - African News - News

No Ban on anonymous crypto wallets in EU, expert confirms

The contact Union (EU) and its approach to cryptocurrency anonymity have become a topic of extensive discussion in recent times. Amidst the rumors of potential regulations, industry expert Patrick Hansen has provided valuable insights into this matter, bringing much-needed clarity to the situation. Contrary to speculations of an outright ban on anonymous crypto wallets and…

Read More
Former Lordstown Motors CEO settles with the SEC - African News - News

Former Lordstown Motors CEO settles with the SEC

Steve Burns, the Former CEO of Lordstown Motors, Settles with SEC over Alleged Misrepresentation of Endurance Pickup Truck Demand Steve Burns, the founder, chairman, and former CEO of Lordstown Motors, has reached a settlement with the U.S. Securities and Exchange Commission (SEC) regarding allegations that he misled investors about the demand for Lordstown Motors’ all-electric…

Read More
Akon cautions fans against requesting for crypto-related content - African News - News

Akon cautions fans against requesting for crypto-related content

Acclaimed musician Akon, known for his musical prowess and previous involvement in the ambitious project of building a futuristic city in Senega, has recently addressed his fan base regarding cryptocurrency-related requests. In a video shared on a popular video-sharing platform, the artist urged his followers to refrain from asking him for any content related to…

Read More
Nigeria’s crypto fee hike predicted to foster innovation - African News - News

Nigeria’s crypto fee hike predicted to foster innovation

Amidst the ever-evolving landscape of Nigeria’s crypto market, recent regulatory proposals have ignited intense debates among industry experts and stakeholders in the country. The proposed enhancements to crypto registration fees and government restrictions on peer-to-peer (P2P) platforms have sparked concerns, but also shed light on potential opportunities for collaboration and innovation. Nigeria’s SEC Proposes a…

Read More
EU implements strict ban on unidentified self-hosted crypto wallets - Industry News - News

EU implements strict ban on unidentified self-hosted crypto wallets

The contact Union’s Crackdown on Anonymous Crypto Transactions: A Seismic Shift The contact Union (EU) has taken a significant step towards enhancing its anti-money laundering regulations, leading to an abrupt end for anonymous crypto transactions. This change is not merely a minor adjustment in the financial landscape; it represents a groundbreaking shift that aims to…

Read More
Anonymous whales move half a trillion Shiba Inu tokens in a coordinated effort - Industry News - News

Anonymous whales move half a trillion Shiba Inu tokens in a coordinated effort

In an unprecedented turn of events in the burgeoning cryptocurrency market, a covert group of anonymous whales has orchestrated an astounding transfer of Shiba Inu tokens worth approximately half a trillion in the past 24 hours. This colossal and meticulously planned movement of cryptocurrency has sent shockwaves through the investing community, leaving even seasoned analysts…

Read More
Helldivers 2 Player Stumbles Upon Rare Glimpse of Super Earth - Industry News - News

Helldivers 2 Player Stumbles Upon Rare Glimpse of Super Earth

A Serendipitous Discovery Above Super Earth in Helldivers 2: An Unforeseen Journey to Super Earth’s Celestial Heights In the expansive universe of Helldivers 2, an unexpected event unfolded for a player named Drakenhorn. The virtual landscape of this intriguing game took an unprecedented turn when Drakenhorn, in the midst of exploring Super Earth, found themselves…

Read More
Innovation in motion as RippleX addresses AMM pool challenges - Industry News - News

Innovation in motion as RippleX addresses AMM pool challenges

RippleX, the development branch of Ripple, has encountered a technical issue within several of its Automated Market maker (AMM) pools on the XRP Ledger. This problem has prevented proper transaction execution within these AMM pools, leading RippleX to advise against depositing new funds until the situation is resolved. Significant Milestone: The Introduction of AMM Pools…

Read More
BottoDAO Secures $1.67 Million to Enhhance the Digital Art World - Industry News - News

BottoDAO Secures $1.67 Million to Enhhance the Digital Art World

Historic Funding Round for BottoDAO: $1.67 Million Invested in Empowering Decentralized Artistic Expression and Bridging the Gap Between Art and Technology In a groundbreaking development for the digital art and Non-Fungible Token (NFT) community, BottoDAO has recently secured a significant funding round of $1.67 million. This investment marks an essential milestone for the decentralized autonomous…

Read More
Ethereum scaling Protocol Polygon grapples with zkEVM outage - Industry News - News

Ethereum scaling Protocol Polygon grapples with zkEVM outage

polygon, a prominent Ethereum scaling protocol with over two million followers, currently faces operational challenges as its zero-knowledge Ethereum Virtual Machine (zkEVM) experiences downtime due to issues with the blockchain sequencer. This unexpected event has caused apprehension within the crypto community, sparking discussions about transparency and resilience in light of technical disruptions. polygon Addresses User…

Read More
BlackRock gets candid about potential expansion of crypto products - Industry News - News

BlackRock gets candid about potential expansion of crypto products

BlackRock’s Strategic Exploration into the Depths of Cryptocurrencies: A Calculated Journey BlackRock’s venture into the world of cryptocurrencies isn’t a hasty decision. It is a well-thought-out strategy that has its roots as far back as 2016 when the digital currency market was still in its nascent stage. The infrastructure, regulatory framework, and client interest were…

Read More