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As part of the acquisition, the FreedomFi team will join Nova Labs to lead network expansion efforts. Helium Developer Acquires FreedomFi, Accelerates Mobile Services Expansion Yesterday, Nova Labs, the company behind the Helium blockchain, announced the acquisition of FreedomFi, a software company focused on 5G networks. This move marks a
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Ronin, an Ethereum-linked sidechain, has added three new validator nodes to bolster security following the $600 million hack in March. Sky Mavis Expands Ronin Nodes to Enhance Security In a recent announcement, Sky Mavis—the team behind Axie Infinity and the Ronin bridge—revealed that the number of nodes has
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Yuga Labs, the powerhouse behind prominent NFT collections like Bored Ape Yacht Club (BAYC), has made an official statement regarding The Merge and the Ethereum Proof-of-Work (PoW) fork scenario. Yuga Labs' Stance on The Merge and Ethereum PoW As The Merge approaches, various stakeholders have expressed their views on
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This afternoon, HUSD, the stablecoin issued by Stable Universal, unexpectedly deviated from its $1 peg. What happened? HUSD Unexpectedly Depegs: Huobi's Explanation Update August 19: After over 12 hours of the depeg incident, HUSD has provided an official explanation this morning. They had to freeze several customer accounts
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The competition among Layer-2 solutions is heating up with numerous projects receiving significant investment in technology, teams, and backing from major funds like Optimism and Starknet. Recently, zkSync, a Layer-2 solution currently in testnet, officially unveiled its Dynamic Fees feature—a key milestone in its development. zkSync Launches Dynamic Fees,
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In the past week, Tornado Cash has become a hot topic in the Ethereum community. However, the recent crackdown by U.S. authorities has unintentionally sparked concerns about deeper control at the infrastructure level of Ethereum. The Tornado Cash Domino Effect and the Validator Debate on Ethereum The Tornado Cash
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Following the announcement of its Layer-2 development roadmap in mid-July, Lido has recently provided an updated and detailed plan for this initiative. Lido Updates Development Plans for Layer-2 Platforms In July 2022, Lido Finance first unveiled its intention to deploy products on Layer-2 solutions, allowing users to stake stETH with
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Monero (XMR) has successfully completed its major upgrade, Hard Fork V15, thanks to the collaborative efforts of 71 developers on the Monero protocol. Monero (XMR) Successfully Executes Hard Fork V15 As reported by Coin68, Monero underwent a hard fork on August 14 at block 2,688,888, aimed at enhancing
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Shiba Inu's market cap has surged to $10 billion, pushing it past Avalanche (AVAX) to become the 12th largest cryptocurrency in the industry. SHIB Overtakes AVAX to Become the 12th Largest Cryptocurrency The meme coin sector has seen significant action recently, with top contenders Shiba Inu (SHIB) and
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Finally, the FTX exchange has made its position clear regarding the Ethereum network's post-Merge split scenario. FTX's Stance on The Merge and Proof-of-Stake ETH In the ongoing discussion about the post-Merge split, various parties have expressed support or opposition to Ethereum Proof-of-Work (ETHW). Among the most
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The Terra ecosystem community has just approved a proposal to revive the stablecoin USTC, leading to a significant price surge for the token. Specifically, the proposal titled “USTC Re-Peg: Ziggy” appeared on the Terra forum on January 28. As of today, February 3, it seems that the majority of the
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SmartStake, a validator within the Cosmos ecosystem, has announced it will shut down its nodes following controversy surrounding Secret Foundation founder Tor Bair's alleged personal gain. Validators Drop Support for Secret Network Over Transparency Issues SmartStake highlighted that concerns about the transparency of the Secret Foundation and founder
