Base, Coinbase’s Ethereum layer-2 blockchain, experienced a 33-minute network outage on Aug. 5 after a faulty sequencer transition halted block production. Summary Base’s block production paused for 33 minutes on August 5 due to a misconfigured sequencer. The outage was resolved manually, with infrastructure upgrades now underway. Other recent outages include Hyperliquid and TON, showing…
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A New York assemblyman has filed a bill urging the State Board of Elections to study how blockchain technology could be utilized to protect voters’ data during U.S. elections. According to the official filing from New York State Assembly member Clyde Vanel, Assembly Bill AA7716 aims to study how the blockchain can be used to protect voter personal records…
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The Blockchain Association has called on president-elect Donald Trump and Congress to prioritize five key actions during the administration’s first 100 days to establish the U.S. as a global leader in cryptocurrency innovation. In an open letter, the industry group outlined specific measures to address regulatory challenges and support the domestic digital asset economy. 1/ Today,…
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According to a Binance report, blockchain technology is set to transform the global payments landscape by addressing inefficiencies in traditional financial systems. The Binance research report highlights that while current payment methods, such as Visa and Mastercard, offer the convenience of near-instantaneous payment authorization, actual settlement times often lag, sometimes by several days. This delay is especially pronounced in cross-border…
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Telegram launched as a simple messaging app in 2013. Today, it’s a major player in the cryptocurrency space, integrating the TON blockchain. When brothers Nikolai and Pavel Durov founded Telegram, the startup quickly gained popularity for its emphasis on privacy and speed. In the subsequent years, Telegram underwent a transformation: changing from a communication tool…
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BlackRock and Citadel Securities have invested in a group aiming to disrupt the U.S. stock exchange market. Texas Stock Exchange chairman and CEO James H. Lee boasts a warchest of $120 million from over 24 investors to potentially launch an exchange to rival NYSE and Nasdaq. Among the consortium of investors includes the world’s largest…
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Blockchain forensics company Match Systems announced Saturday the recovery of $68 million of stolen crypto. The theft, which occurred on May 3, was dubbed a “‘dust’ attack.” The funds were returned to the victim, courtesy of UAE-based Match Systems and cryptocurrency exchange Cryptex.net. $68 million from the incident occurred on May 3, 2024 related to the…
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Movement Labs, a San Francisco-based blockchain developer, raised $38 million in a Series A funding round led by Polychain Capital. The funding is expected to support its mission to integrate Facebook’s Move Virtual Machine into Ethereum (ETH). This would address vulnerabilities in smart contracts and improve transaction speed, the company stated. The funding round attracted investments from…
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Ronin’s user base has jumped 700% over the past few months, according to Token Terminal. This year’s bull market has seen a resurgence of many crypto narratives from yonder cycles, including crypto gaming. In that sector the Ronin network – whose game Axie Infinity reigned over the last gaming moment – is back again. Since…
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