Tag: Blockchain
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Cross-chain token bridge ‘Nomad’ compromised, $200M stolen so far: Report.
On Monday, an attack was made on the Nomad cross-chain token bridge, and the attackers took almost all of the cash from the protocol. Due to the hack, nearly $200 million worth of cryptocurrency was lost. Crypto traders routinely use many alternative blockchains, such as Ethereum, Avalanche, and Solana, indistinguishable from the uninitiated. TokTransferring tokens…
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MetaMall: The Evolution Of Ecommerce In Metaverse Is Ahead
With its decentralised Mall (the very first in the Metaverse), MetaMall has got things moving in the right direction. The MetaMall website explains the Mall as a one of a kind VR experience on the blockchain that will allow the users to build, explore and trade exactly like a real world mall! Users will be able to…
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India to Enforce 30% Crypto Tax, Digital Rupee CBDC by 2022-23
As a means to boost the country’s economic growth, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by 2022-23. While announcing the fund allocation in the Union Budget, Sitharaman highlighted the importance of digital inclusion across numerous business sectors. In addition to introducing a digital rupee, she said…
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Binance Smart Chain and Animoca Brands Create $200M fund for GameFi Projects.
Animoca Brands with Binance Smart Chain (BSC)are beginning a $200 million investment program to incubate cryptocurrency-based games. BSC and Animonica declared Dec. 6 that they will invest up to $100 million each in game projects within the GameFi sector. From its $1 billion accelerator arm, BSC will invest in decentralized finance (DeFi), nonfungible tokens (NFT)…
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Blockchain Is Already Being Used By 58% Of Video Game Developers
The majority of game developers in the United States and the United Kingdom are now using blockchain features in their games, according to a report released this week. The study, commissioned by Stratis, finds that the popularity of blockchain, NFTs, and the new play-to-earn model in the crypto market is forcing game producers to alter…