A crucial security issue in the Cosmos Inter-Blockchain Communication (IBC) protocol, which potentially exposed over $126 million, has been addressed through a fix by the Cosmos development team. Prior to public knowledge, Asymmetric Research shared information about a weakness affecting Cosmos’ infrastructure. They mentioned that this issue had already been addressed with a patch, preventing … Read more
Joachim Nagel, president of the German Central Bank (Deutsche Bundesbank), emphasized once again that the Eurosystem cannot trace individual transactions when processing Central Bank Digital Currency (CBDC) payments, ensuring a high degree of privacy due to limited data access. During a talk at the DZ Bank Capital Markets Conference 2024, Deutsche Bundesbank president Joachim Nagel … Read more
In Jakarta on April 22, tax representatives from Indonesia and Australia reached an accord to set up a system for exchanging information about cryptocurrencies. On April 23, this new agreement was introduced with the goal of enhancing the process of identifying assets subject to taxation in both countries. Furthermore, it encourages the efficient exchange of … Read more
The price of HBAR, the native token for the Hedera blockchain, experienced a significant increase of approximately 90% after a misunderstood declaration from the HBAR Foundation left crypto experts perplexed. A money market fund managed by BlackRock was converted into a digital token and added to the Hedera blockchain, leading to a significant 94% increase … Read more
Polkadot and Kusama are two related blockchain networks, built on the same fundamental technology and running mechanisms. Yet, they focus on distinct goals. Polkadot focuses more on providing stability and reliability, making it a more conventional choice. In contrast, Kusama is known for its speed and adventurous nature, making it an ideal platform for deploying … Read more