DeFi Insurance InsurAce Guarantees 11 Million Payouts To Anyone Who Lost Funds From Terra Fall
2022-05-27
DeFi insurance service InsurAce announced that it will reduce the period for considering claims from participants in crypto-currency activities that were affected by the collapse of Terra USD to seven days. In addition to this, it was added that the resource processed data on 173 cases and implemented payments in the amount of $11 million.
UnionBank issues digital bonds for the first time in the Philippines
2022-05-26
The largest Philippine bank, UnionBank, uses a blockchain system to produce $18 million worth of valuable assets. It uses blockchain to deposit fiat funds.
Digital yuan begins testing procedure in Chinese schools
2022-05-26
The Land of the Rising Sun has launched an active test of the yuan in digital format, which looks like a prepaid card for schools. This was reported in a local magazine with a reference to one of the institutions in the country.
Security Service of Ukraine covered the network of unregistered cryptocurrency exchange services
2021-05-04
In May 2021, another operation of the Security Service of Ukraine took place. In the course of its implementation, a whole network of illegal underground exchange offices was exposed. Fraudsters performed digital currency exchange and transactions with electronic assets. Their undeclared income was over a million dollars a month.
51% attack and what threatens crypto investors?
2021-05-01
Decentralization is at the heart of most projects in the cryptocurrency market. However, blockchain, like other technologies, exists with some flaws. Among them is the well-known 51% attack.
China plans to check the consumption of electricity by miners
2021-04-30
An audit is planned in Beijing to reveal the impact of cryptocurrency mining on energy consumption. In particular, the Bureau of Economic and IT Technologies demanded data from datacenters on whether they are involved in mining and other operations related to cryptocurrency turnover.
New service for the resumption of stuck operations implemented by the Ethereum system
2020-06-30
Blockchain Startup Rockside, located in Paris, demonstrated new software with a free version, with which it is possible to free mempool from operations that were not confirmed by miners due to the low cost of the commission. The company intends to make DeFi projects its clients. In these projects, stuck operations are the cause of system and protocol failures.
With the help of the Bitcoin payment system, an operation was made for a total amount of $ 1.3 billion
2020-06-11
In just two minutes on the night of June 11, 2020, an unknown user performed an operation to move bitcoins in the amount of 132,255, which in the equivalent at the exchange rate amounted to $ 1.3 billion. According to Blockchain.com, this transfer was divided into three operations with the number of bitcoins: 44085, 44235, 43935, respectively.