BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
South Korean Telecom Operator SK Telecom to Develop Web3 Wallet
SK Telecom cooperates with AhnLab Blockchain Company (ABC) and blockchain company Atomix Lab to develop a Web3 digital asset.
7,500 Ether Stolen from Uniswap in Phishing Attack
The hacker stole 7,500 ether from a wallet said to be a liquidity provider on the Uniswap decentralized exchange.
Over 48 Terra Projects Merged to Polygon Ecosystem
Over 48 projects that used to run on Terra blockchain have been jointly migrated to the Polygon ecosystem, including the well-known Lunaverse (LUV) Metaverse platform, OnePlanet NFT marketplace, and Derby Stars play-to-earn (P2E) games.
Bitcoin May Tumble to $10K, Study Shows
According to Bloomberg, the latest survey by Bloomberg MLIV Pulse shows that Bitcoin may be heading towards the $10,000 mark.=
NFT Lender Omni Hacked for 1,300 ETH
NFT platform, Omni was hacked for 1,300 ETH ($1.43 million) as the hacker exploited the firm's reentrancy vulnerability protocol, according to PeckShield.
Hong Kong's Market Regulator Elected as new FCA Chair
With PM Boris Johnson expected to leave after a new leader is elected, the UK’s Financial Conduct Authority (FCA) has appointed Ashley Alder as its new Chair, commencing his term in January 2023.
Russian Sberbank Conducts First Digital Asset Trade on its Blockchain Platform
Sberbank expects digital assets trading to be rolled out to the bank’s customers later this year.
Web3 Payments Company Fuse Launched the Payment API Platform Fuse Charge
Web3 payments revolution Fuse officially launched the blockchain payment API platform Fuse Charge.
Blockchain.com May Suffer $270M in Losses for 3AC's Insolvency
Cryptocurrency exchange Blockchain.com may suffer a total of $270 million in losses due to Three Arrows Capital's inability to repay loans due to the bankruptcy and liquidation of Three Arrows Capital.
Blockchain Security Startup BlockSec Pulls $8m in Seed+ Funding Round
Blockchain security startup, BlockSec has announced it has completed a new seed plus funding round where it pulled the sum of $8 million from top investors.