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Join Idris Elba and the Stellar Development Foundation as they navigate bringing real-world change through blockchain technology. In a modern world where technology is advancing rapidly thanks to tools like blockchains and AI, there are still many places grappling with age-old problems. Poverty, lack of access to clean water or electricity, and financial exclusion are battles many communities still face daily. And while progress is being made, especially in connection to the United Nations’ Sustainable Development Goals (SDGs), some regions are still struggling, notably Africa and South America. Map of poverty levels across the world in 2023. Source: WorldPoverty.io Although we live in a highly digital age, the gap between the privileged and the underprivileged seems to widen. But to solve real-world struggles, we need real-world solutions. That's where the promise of blockchain technology has been highlighted. Unfortunately, much of the blockchain space is still dominated by spec...

The rumors were fueled by reports citing anonymous sources and a job posting from Kraken which highlighted that the company is "enthusiastic" about layer-2 solutions. Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with Base network earlier this year.  The rumors were fueled by reports citing anonymous sources and a job posting from Kraken highlighting that the organization is looking to hire a senior cryptography engineer who would be in charge of designing and implementing cryptographic protocols and “ layer-2 solutions.” Within the job post, Kraken also noted that its team has “recently embarked on exploring how more protocols and decentralized applications can be integrated” into its crypto ecosystem. The post also noted that the company is enthusiastic about layer-2 protocols. Kraken’s job posting for a senior cryptography engineer. Source: Lever Co...

The first Web2 game of the series to be bridged to Ronin is Zoids Wild Arena. On November 2, Sky Mavis, the developer behind the popular monster-battle nonfungible tokens (NFT) game Axie Infinity, announced a partnership with Korean gaming studio Act Games, to bring a variety of Japanese video game franchises to its native Ronin blockchain. In an email seen by Cointelegraph, the partnership revealed that the first game to be bridged to Ronin is Zoids Wild Arena, inspired by Japan's largest toy manufacturer Tomy's award-winning anime series. It was first unveiled by Tomy in 1983 as a plastic model figure. Other franchises to be migrated include Hello Kitty Aggretsuko and Bubble Bobble. "Act Games excels at expanding iconic IPs, transcending demographics, and enhancing player engagement. This alliance will allow us to combine our web3 learnings and expertise with nostalgic IP backed by a pre-existing core fanbase," said Trung Nguyen, CEO and Co-founder of Sky Mavis,...

The bug Onyx Protocol hacker exploited to steal $2.1 million was previously used by a hacker to extort $7 million from Hundred Finance. Decentralized peer-to-peer lending protocol Onyx Protocol lost roughly $2.1 million in an exploit of a market with no liquidity that was deployed on Oct. 27.  The Onyx Protocol hacker exploit ed a known bug, a rounding issue behind the popular CompoundV2 fork, explained blockchain investigator PeckShield soon after alerting about the hack that went unnoticed by the protocol. #PeckShieldAlert @OnyxProtocol has been exploit ed for ~2.1M pic.twitter.com/5Z50tCg6MD — PeckShieldAlert (@PeckShieldAlert) November 1, 2023 The alleged liquidity lacking oPEPE market was “abused with donation to borrow funds from other markets with liquidity,” found PeckShield’s independent investigation on the matter. “The donated funds were then redeemed by exploiting the known rounding issue.” Previously, on April 16, an attacker exploit ed the same bug to steal $7 mi...

Tuhu Nugraha, who works with the Indonesian government, said the country will soon conduct trials on applying blockchain technology in public service use cases. Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives. At the recent Blockchain Economy Summit in Dubai, Cointelegraph spoke with Grace Sabandar, co-founder of the Indonesia Blockchain and Metaverse Center (IBMC), and Tuhu Nugraha, the principal of the Indonesia Applied Digital Economy and Regulatory Network (IADERN). The executives spoke on the state of digital assets, blockchain and metaverse adoption in Indonesia. According to Sabandar, the country’s youth comprise a large percentage of its population of 270 million, which is a demographic that is “adaptive to new technology.” The executive also pointed out that because of this, ...

The “Titan Fund” has already invested in five distinct blockchain startups, allocating two of these investments to projects based in Hong Kong. CMCC Global, a venture capital (VC) firm centered in Hong Kong with a focus on cryptocurrencies, has successfully raised a substantial $100 million to bolster emerging Asian blockchain startups. This remarkable achievement signifies the culmination of the inaugural funding round for the crypto fund, aptly named the Titan Fund. The round witnessed enthusiastic participation from 30 investors, featuring prominent names such as blockchain behemoth Block.one, Hong Kong magnate Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital, and Animoca Brands founder Yat Siu, as reported by the South China Morning Post. The Titan Fund is strategically poised to channel its investments into pivotal sectors, including blockchain infrastructure, consumer-oriented applications such as gaming and nonfungible tokens (NFTs), and...

THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse. THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has entered maintenance mode to prevent bad actors from moving illicit funds through the platform. On Oct. 6, THORSwap transitioned into “ maintenance mode” as an immediate measure to counter the potential movement of illicit funds . The decision comes after consultation with advisors, legal counsel, and law enforcement, according to the original announcement. Fellow THORChads, A pressing and persistent concern has recently come to light: the potential movement of illicit funds through THORChain and, specifically, THORSwap. Such activities have no place on the THORSwap platform, and THORSwap stands firmly against any and all criminal… — THORSwap #BetterThanCEX (@THORSwap) October 6, 2023 Bad actors often use cross-chain platforms like THORSwap to move funds across multiple blockchains, making ...

As AI capabilities continue to evolve, proving the authenticity of real-world images, video and content could hinge on blockchain solutions. Decentralized infrastructure network provider Nodle is working with the likes of Adobe and the Linux Foundation to use blockchain technology to prove the authentic ity of real-world content captured by devices. In correspondence with Cointelegraph, Nodle co-founder Garrett Kinsman outlined the firm’s upcoming software development kit (SDK) for its ContentSign solution that will look to prove the integrity of data from its moment of capture using blockchain. Nodle is bringing ContentSign to the Content Authenticity Initiative, a project led by Adobe and the Linux Foundation, to create a future standard for media attestation. Related: Blockchain IoT firm Nodle goes open source with Web3 Bluetooth ‘nanocomputer’ sticker As Cointelegraph previously explored, its main offering is a network leveraging smartphone Bluetooth connectivity to rent computi...

Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence. The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a transfer function that allowed anyone to transfer it without the owner's permission. But supporters claim these losses were not the fault of the developer. $108,000,000 Trade Volume And counting. What comes next…? pic.twitter.com/lpetFqJAkq — Pond Coin (@Pond0x) September 28, 2023 As evidence for Pond0X DEX’s trading volume , the official channel cited a Dune dashboard created by user mogie, which shows over $111 million in all-time trading volume as of September 29. Total volume metric for Pond0X. Source: @mogie Dune channel The PNDX token launched on July 28. At the tim...

The International Cricket Council will leverage NEAR's Blockchain Operating System to power a Web3 fan engagement app during 2023 Cricket World Cup in India. The International Cricket Council has partnered with NEAR Foundation to build a blockchain -powered, Web3 fan engagement app for the 2023 Cricket World Cup in India, which promises to reach hundreds of millions of fans over the next six weeks. Cointelegraph spoke exclusively to ICC head of digital Chris Donovan and NEAR CEO Finn Bradshaw, who unpacked details of the Web3 mobile app that is aimed at driving fan engagement before, during and after matches at the global showpiece in India. Related: From cricket to crypto: AB de Villiers ventures into Web3 The ICC’s first foray into the world of Web3 was the creation of an NFT platform called FanCraze in 2022 that gave fans the ability to own highlights of historic moments from various ICC tournaments. Donovan said that it laid the foundation for future Web3 exploits: “We loved ...

Blockchain projects should learn from Google and Facebook by monetizing their users without directly asking for their money. Pay-to-use blockchains are done. Not for us, of course — the nerdy crypto crowd. We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked from yet, wrap some assets to leverage yield, and become OpSec professionals while we pray to the blockchain gods that the North Koreans aren’t online right now. We’re fine with this. Years of experience have dulled the pain. But the mass adoption we all hoped for? It relies on the 99% of people who have zero appetite for such trauma. Related: An ETF will bring a revolution for Bitcoin and other cryptocurrencies If permissionless blockchains are to become the backbone of our online experiences, three major changes need to happen: They need to become free. They need to become frictionless. They need to become familiar. “Free” means free for the us...

During a panel moderated by Cointelegraph editor-in-chief Kristina Lucrezia Cornèr at Swiss Web3 Fest, industry experts provided insights into how tokenization is enabling solutions never seen before. The Boston Consulting Group estimates the token ization of real-world asset s could become a $16 trillion industry in the coming years. Its impact, however, goes well beyond financial figures, and can help people in developing countries to find new ways to deal with real-world problems. During a panel moderated by Cointelegraph's editor-in-chief Kristina Lucrezia Cornèr at Swiss Web3 Fest, industry experts provided insights into how tokenization can be applied to real-world assets, and how it is enabling solutions never seen before. "Our farmers, in Kenya, receive their payouts days after the harvesting season ends. If they have less yield than expected, then they receive a payout immediately. In the traditional insurance space, they need to wait six months. And that can mean th...

The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated. The account that overpaid $500,000 in fees on Sept. 10 for a Bitcoin (BTC) transfer belonged to Paxos, according to a Sept. 13 statement from the company. Paxos claimed that end users have not been affected and all user funds are safe. Paxos is most well-known as the issuer of stablecoins, including PayPal USD (PYUSD) and Pax Dollar (USDP), but also runs a crypto brokerage firm that carries Bitcoin. The statement comes after Twitter users were speculating that PayPal may have been responsible for the transaction, due to a related wallet account that had been identified by analytics platform OXT as belonging to PayPal. A Paxos representative told Cointelegraph that PayPal was not responsible, as the error was theirs, stating: “Paxos overpaid the BTC network fee on Sept. 10, 2023. This only impacted Paxos corporate operations. Paxos clients and end users have not been affected and all ...

Block production on Base abruptly halted for 43 minutes as developers rushed to implement a fix. Coinbase's Ethereum layer-2 network Base has suffer its first major outage since its public launch on Aug. 9. For approximately 45 minutes on Sept. 5, no new blocks were produced on the Base chain. Its developers first identified the "stalled" block production at 9:36 pm UTC, according to the Base status site. Block production on the Base network stalled at 9:36pm Sept. 5. Source: BaseScan “We identified a delay in block production due to part of our internal infrastructure requiring a refresh. We’ve implemented a fix and are seeing widespread recovery,” Coinbase told Cointelegraph in response to a query on the outage .  Base claims the issue has since been identified with the team now deployed a fix which has seen a "widespread recovery" of block production. It's continuing to monitor the chain for further issues.  Base developers said the cause of the out...

Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs. Yuga Labs, creators of Bored Ape Yacht Club (BAYC), has acquired 10KTF — the nonfungible token (NFT) game founded by digital artist Michael Winkelmann, also known as Beeple. 10KTF is a browser-based NFT game that allows players to outfit heroes with crafted items and load-outs in order to complete missions. Missions reward players with APE coins, badges, materials and free airdrops. The game also intends to include many items that could be worn by an avatar in the future; pairs of socks and backpacks are popular items from the game’s collection. Until now, fans have been left to wonder what Metaverse platform will feature these items. Now that the acquisition has been announced, some fans have begun to speculate that 10KTF items may become wearable within Yuga Labs’ as-yet-unreleased Otherside metaverse ecosystem. A thread published on the 10KTF official Twitter channel on Nov. ...

Asia has massive potential to become the driving force of the worldwide adoption of web3 games and blockchain in years to come. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Asia has been a prominent player in the gaming industry for some time, generating a significant amount of the world’s gaming revenue. One study uncovered that Asia is home to approximately 55 percent of the world’s blockchain gamers, and these users generate roughly 52 percent of worldwide annual revenue in the GameFi sector. After games like Axile Infinity became popular in Southeast Asia and STEPN found dedicated users in Japan, many people in Asia experienced blockchain games. Asia’s gaming market is promising, and it continues to grow. Due to its dominance in the gaming sector, many are predicting Asia to become a blockchain hub. You might also like: Non-genuine players disrupt stabilit...

The platform will facilitate the buying and selling of Web3 data among enterprises; Alibaba Cloud and Huawei are among the companies to participate. During the 2023 Hangzhou Summit held in Hangzhou, China, a new data exchange powered by blockchain technology was unveiled by government officials. Over 300 enterprises, including Alibaba Cloud and Huawei, participated in the exchange 's debut. According to local news reports on Aug. 23, the new Hangzhou Data Exchange will facilitate the trading of enterprise information technology data using distributed ledger technology. Officials say the platform would ensure exchange trades are immutable and traceable. Chen Chun, director of the National Laboratory of Blockchain and Data Security, commented:  "[The Hangzhou Data Exchange] Utilizes research blockchain, privacy computing and other technologies to realize trusted sharing and effective use of data across departments and regions under data security and privacy protection."...