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Blockchain
Bank of China trials offline payments for digital yuan via SIM cards
The Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is designed specifically for the digital yuan — China’s…
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Arbitrum-based Rodeo Finance exploited for second time, $1.5M stolen
Arbitrum-based decentralized finance (DeFi) protocol Rodeo Finance was exploited for $1.53 million on July 11. The DeFi protocol was exploited using a code vulnerability in its Oracle, leading to a loss of over 810 Ether (ETH).According…
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Multichain attack triggers Twitter phishing scheme for FTM distribution
Hackers continue their relentless attacks, displaying no signs of slowing down. Shortly after the Multichain hack, scammers started spreading a phishing link on Twitter.The fraudulent distribution of Fantom (FTM) to users — falsely…
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XRPL grows in Q2 despite SEC lawsuit concerns: Report
Despite lingering concerns over the Ripple vs. SEC lawsuit, The XRP Ledger (XRPL) has demonstrated significant growth in multiple areas of its protocol during the second quarter of 2023, according to a recent report from crypto analytics…
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Ripple Labs to revolutionize real estate industry through tokenization
Digital payments and blockchain technology company Ripple Labs has announced an initiative to transform the real estate industry using tokenization.Antony Welfare, central bank digital currency (CBDC) adviser at Ripple, highlighted the…
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Nigerian crypto tax move is ‘premature’ — Local stakeholders
The president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), Obinna Iwunna, has commented on the implementation of the Finance Act, 2023, which was signed into law on May 28. According to Iwunna, the…
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Crypto’s Indiana Jones? Coinbase exec helps recover $322K of once-lost crypto
It’s not every day that one suddenly becomes $322,000 richer — but for one lucky crypto investor, this is exactly what happened in the late hours of July 5.In a recent Twitter thread, Conor Grogan, the head of product at Coinbase,…
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How blockchain technology and DeFi could help solve the housing crisis
The prices of houses are sky-high all around the world, and homebuyers are feeling the pain. While affording a home has never been more difficult for many people, the ability to raise funds to construct new homes has never been easier,…
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US crypto regulatory uncertainty could be Hong Kong’s gain — Yat Siu
Industry experts believe Hong Kong’s shifting attitude toward blockchain technology, cryptocurrencies and Web3 could entice businesses away from the United States.The city has made a series of moves over the past year to foster the…
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5 blockchain-based social media platforms to know
Social media networks built on the blockchain are revolutionizing the way we share, interact and communicate with people online. These systems offer improved transparency, data ownership and decentralized incentives by utilizing the…
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