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Bittensor’s billion-dollar dream derailed by $8m hack

Crypto Hacker

Cybercriminals have perpetrated a multi-million dollar raid on AI-focused blockchain firm Bittensor.

An estimated 32,000 TAO tokens, valued at approximately $8 million, have reportedly been stolen from the network's validators. The situation came to light after TAO suddenly plunged...

Reactive Network: Overcoming oracle limits across chains

Picture this: You're managing a decentralised finance (DeFi) platform on Arbitrum, and you need the latest price data from an oracle operating on Ethereum. Frustratingly, this simple task is a massive headache due to the isolated nature of traditional oracles. Each oracle is confined to its...

Venice Court awards Quantum Blockchain €6.1M in landmark case

Quantum Blockchain Technologies has announced a significant legal development concerning its subsidiary, Clear Leisure 2017 (CL17).

On 10 June 2024, the Court of Appeal of Venice adjudicated judicial appeals made by CL17 in a lawsuit against former directors and statutory auditors of...

Friend.Tech to build own blockchain, ending dependence on Base

Friend.Tech to build own blockchain, ending dependence on Base

With the introduction of its proprietary blockchain, Friendchain, and the native FRIEND token, the socialFi app Friend.Tech is stepping away from its existing framework within the Ethereum ecosystem and the layer-2 solution Base.

The announcement of this proprietary cryptographic...

£11.4m blockchain initiative set for 2024 launch in South Korea

South Korea launches comprehensive blockchain support initiative

The South Korean government has invested 20 billion Won (£11.4 million) in developing local blockchain expertise to reinforce its position in the blockchain industry.

Led by the ministry of science and ICT and the Korea Internet & Security Agency (KISA), the project is focused on...

Italian banks explore dual models of wholesale CBDC

Italian banks explore dual models of wholesale CBDC

The Italian Banking Association's trial of a wholesale Central Bank digital currency (wCBDC) has been declared a success.

The initiative, known as Project Leonidas, was part of the Bank of Italy's sandbox program. The primary benefits identified were atomic transactions, enhanced...

Stripchain secures $10M in funding to enhance blockchain usability

Stripchain secures $10M in funding to enhance Blockchain usability

For the crypto industry, enhancing user experience is critical, particularly the ease of executing on-chain transactions without concern for the underlying blockchain. Several crypto startups, known for their innovation, are tackling this challenge to make crypto more accessible.

The...

EU commission encouraged to lead blockchain and AI integration

EU commission encouraged to lead blockchain and AI integration

The EU has been urged to take the lead in finding harmony between blockchain and AI.

This advice was given to national regulators by the European Blockchain Observatory and Forum (EUBOF), an EU-commissioned body that monitors and examines blockchain developments across Europe. In its...

Ghana leads the way: Pioneering blockchain government in Africa

A boat, painted with the colours of the Ghanaian flag, moored next to paln trees.

The Ghanian Government has revealed its intention to become the first African government run on blockchain.

Ghana's VP, Mahamudu Bawumia, announced the ambitious goal during a recent conference in Accra, at which he outlined the country's significant progress toward digital...

Foxtons first estate agent to digitise lettings & sales

London's largest lettings and sales estate agent brand, Foxtons, claims to have become the first estate agent to completely digitise the home selling process, thanks to the launch of its latest partnership with innovative consumer app Home and Coadjute. 

It has been a busy few years...

Archblock launches new fiat-backed stablecoin

Archblock Stablecoins has launched 1USD, a new fiat-backed stablecoin anchored to the US Dollar.

The company said the stablecoin stands as a testament to its own technology, which it claimed is revolutionising the exchange medium, offering frictionless and secure transactions across...