blockchain
In-depth research, opinions, and analysis of blockchain trends.
Binance Gives Users More Choices About 1.2% Tax Burning Of LUNC Transactions
<p>Binance reluctantly implements a 1.2% LUNC tax burn on LUNC spot trades as CEO Changpeng Zhao offers an alternative to the exchange to introduce a feature that allows users to choose join with 1.2% transaction fee. In the latest tweet by CZ CEO, he responded about the application of a 1.2% tax burn on LUNC</p>
Helium Network Moves To Solana Blockchain After Community Vote
<p>After a successful community vote, the Helium Foundation has announced the move of the Helium Network, a decentralized network that powers wireless communication protocols, to the Solana blockchain. The network, which has run its own Layer 1 blockchain since its debut in 2019, suggested the conversion in August via a Helium Improvement Proposal, HIP70. The</p>
Tezos Co-founder Explained The Next Tezos Upgrade
<p>As the eleventh update to the decentralized open-source blockchain platform Tezos (XTZ), scheduled on September 23, approaches, the network’s co-founder has addressed some of the primary worries surrounding the event. Tezos co-founder Kathleen Breitman explained the difference between the next Tezos upgrade, called Kathmandu, and major upgrades like the Ethereum (ETH) Merge, saying that the</p>
Wormhole Deployed Its Generic Messaging Layer To The AptosLabs Devnet
<p>The Wormhole Bridge implements cross-chain communication with the devnet AptosLabs, as confirmed at the Mainnet 2022 conference from the project side. The communication layer facilitates the transfer of assets between chains supported by Wormhole. Accordingly, Aptos is the latest name that Wormhole connects to, after 17 layers-1 such as Ethereum, Solana, Binance Smart Chain, and</p>
The Merge Doesn’t Improve The Scalability Of Ethereum, According To Solana Co-founder
<p>The Merge is expected to improve network scalability as well as make the Ethereum (ETH) blockchain more energy efficient. Despite the historic upgrade, a segment of the crypto market believes that Ethereum will not solve the scalability issue anytime soon. Solana Labs Co-Founder Anatoly Yakovenko, in particular, believes The Merge will have little impact on</p>
Binance.US Supports Cardano’s Vasil Hard Fork Upgrade
<p>Binance.US announced that it will support Cardano Vasil upgrade and hard fork. This is an important upgrade to increase smart contract capabilities, increase throughput, and reduce costs for the network. As was updated in an earlier Coincu News article, Cardano has finally set a date for the long-awaited Vasil hard fork. September 22 has been</p>
Wintermute Loses $160M In The Most Recent DeFi Hack
<p>Evgeny Gaevoy, the founder and CEO of Wintermute, has stated that the company was compromised for $160 million. Gaevoy said on Twitter on Tuesday that the market maker had lost the nine-figure sum as a result of its DeFi operations. He continued by saying that the company was still financially stable and that its centralized</p>
Solana Daily Transactions Surpasses Ethereum In Q2
<p>The Solana network is currently greatly outperforming Ethereum. The blockchain, which launched in April 2019, has made significant progress in the DeFi, NFT, and Web3 domains. It currently has hundreds of projects running on Solana, with more in the pipeline. Solana’s daily transactions climbed significantly during the second quarter, concluding with more nearly 40 million</p>
Chainlink Launches New Price Data Source To Protect Web3 Projects
<p>Recently Chainlink announced several new updates to its price data source to help Web3 projects resist attacks and data manipulation. In the past week, LINK has also been active with an increase of nearly 13%. One of these releases states that Chainlink has started using its new price feed to shield Web3 applications from data-manipulation</p>
Cardano Released Latest Version Of Daedalus Wallet Fixing Critical Bugs
<p>Cardano recently released the latest version of the Daedalus wallet with several important bug fixes. This has greatly increased the value and capabilities of the Cardano network. Overall, these developments have been in line with the upcoming Vasil hardfork event scheduled for September 22. The most recent release of the Daedalus wallet from Cardano creator</p>
An Ethereum Core Dev Discovered Vulnerability That Could Cause Avalanche To Lose $24 Million
<p>Péter Szilágyi discovered an Avalanche flaw in March that could have brought down the entire network. He has demonstrated how horrible things may have been if the problem had been exploited now that it has been patched. Péter Szilágyi, an Ethereum core developer, published an Avalanche Vulnerability report on Thursday that describes a serious problem</p>
Mysten Labs Raised $300 Million For Sui Blockchain
<p>Mysten Labs – Sui blockchain developer, has just closed a $300 million funding round led by FTX Ventures, raising the company’s valuation to $2 billion. The blockchain company, which was founded by former executives of social media giant Meta in 2021 said in a September 8 announcement that it landed $300 million in a Series</p>
Binance Stops Depositing And Withdrawing ETH And WETH From September 6 To The Merge
<p>Binance has announced to suspend deposits and withdrawals for ETH and WETH until The Merge to ensure forked token allocation in the event of a chain split. The exchange also notes ETH (Arbitrum), ETH (OP) and WETH (RON) as the tokens that will be affected. In advance of Ethereum’s Merge event, cryptocurrency exchange Binance said</p>