Month: April 2024

The Chinese government unveiled an innovative project, led by Conflux Network, on April 1. It’s called the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.” The revelation, disclosed in an X post by Conflux Network, marks a notable stride as China harnesses blockchain technology to streamline and fortify cross-border transactions. The inaugural…

Degen Chain, a layer-3 blockchain integrated with the Base network, has swiftly captivated the interest of investors and traders alike, boasting a remarkable surge in transaction volumes, nearing the $100 million mark within a mere 24-hour timeframe. Despite its recent launch just four days ago, the network has already recorded over 272,000 unique transactions. On-chain…

Vitalik Buterin, the co-founder of Ethereum, recently shared details about the upcoming stages of the protocol’s simplification endeavor, known as “The Purge.” The primary objective of this initiative is to streamline the Ethereum protocol by minimizing the storage demands for historical data. This will alleviate the strain on node operators’ storage resources and substantially reduce…

Bitkub Capital Group Holdings, the umbrella organization overseeing Bitkub, Thailand’s leading cryptocurrency exchange, has disclosed its intentions to initiate an initial public offering (IPO) in 2025. According to CEO Jirayut Srupsrisopa’s remarks in a recent Bloomberg interview, the company plans to list on the Stock Exchange of Thailand. Bitkub is presently in the process of…

PeckShield’s findings reveal that around $100 million in cryptocurrency funds pilfered during hacking episodes in March have been effectively retrieved. Despite the substantial initial losses reaching millions of dollars, owners saw 52.8% of the looted funds restored. PeckShield specified that the primary portion of the recuperated funds originated from the Munchables case, wherein the hacker…