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On Mar. 20, GameFi project Gala Games announced it had recently filed a lawsuit against pNetwork, the cross-chain interoperability bridge used by Gala on the BNB Smart Chain. Last November, Gala Games was exploited after an unauthorized wallet address minted over $2 billion in GALA and dumped the tokens on PancakeSwap, draining $4.5 million from…
Read More “GameFi project Gala files $28M lawsuit against pNetwork” »
Paris Blockchain Week 2023 (PBW) is about to kick off its 4th year as one of the world’s largest conferences tackling all things blockchain, crypto and Web3. The event hosts over 10,000 attendees and was sold out the previous year. The Cointelegraph team is stationed in Paris for the latest news from the ground. This…
Read More “Paris Blockchain Week 2023: Latest updates by Cointelegraph” »
On Mar. 20, cryptocurrency exchange OKX informed Canadian users via email the firm “will no longer provide services or allow users to open new accounts in Canada starting on Mar. 24, 2023, 12:00 AM EST,” citing “new regulations.” According to OKX, existing Canadian customers must close open positions in options, margins, perpetual, and futures by…
Read More “OKX to cease operations in Canada by June 22 2023” »
The nonprofit DLT Science Foundation (DSF) has launched intending to foster the adoption of distributed ledger technology (DLT). In an announcement sent to Cointelegraph, the DSF highlighted that it would offer support in several areas, including education, innovation and research. This means it will create educational material, workshops and open innovation programs, as well as…
Read More “Nonprofit to expand DLT adoption through grants of up to $5M” »
Crypto.com has announced its receipt of a Minimal Viable Product (MVP) Preparatory license from Dubai’s Virtual Asset Regulatory Authority (VARA). This preparatory phase operations license came after the exchange obtained provisional approval from the regulator in Dubai last year. In the preparatory stage, the MVP license allows the exchange to fulfill the conditions to operate…
Read More “Crypto.com gets MVP preparatory license from Dubai regulator” »
Ethereum layer-2 scaling solution Arbitrum’s upcoming “ARB” token Airdrop appears to have become a popular target for scammers, with the community warning of hundreds of phishing scams aimed at tricking crypto users. Announced in a March 16 post by the Arbitrum Foundation, the airdrop will send out 10 billion governance tokens via a token airdrop, allowing…
Read More “Beware of fake Arbitrum Airdrops, community warns” »
A dispute has taken place within the decentralized finance (DeFi) analytics dashboard DefiLlama, leading the platform to be forked by one of its employees over the weekend. The dispute centers on the company’s plans to launch a token. On March 19, pseudonymous developer at DefiLlama 0xngmi announced the firm’s team was forking the platform, which…
Supernets have an advanced technical architecture powered by Polygon Edge, trustless operation via Merkle trees, Ethereum Virtual Machine (EVM) compatibility and custom token support. Supernet architecture is closely tied to that of Polygon Edge. The six modules in Polygon Edge’s architecture that are relevant to supernets include the following: TX Pool: Acting as a repository…
Read More “Polygon supernets vs. Avalanche subnets: Key differences” »
Due to the popularity of cryptocurrency, numerous individuals are searching for means to acquire free crypto. Here are seven methods one can use to earn cryptocurrency without having to invest your own money, including crypto faucets, airdrops, staking, bug bounties and more. There are several common risks to be aware of when earning free crypto,…
For distributed systems to function, a task must be divided into smaller subtasks and spread over several nodes or computers in a network. These nodes or computers then communicate and cooperate to finish the task. The following four steps provide a brief overview of how distributed systems operate: Decentralized components A distributed system comprises numerous…
Read More “What are distributed systems, and how do they work?” »
