| 
| Chain Games 
| #CHAIN
|
| CHAIN Price: | $0.022 | | Volume: | $83.1 K | | All Time High: | $1.06 | | Market Cap: | $7.4 M |
|
| Circulating Supply: | 337,537,526 |
| Exchanges: | 7
| | Total Supply: | 493,499,998 |
| Markets: | 8
| | Max Supply: | — |
| Pairs: | 7
|
|
The price of #CHAIN today is $0.022 USD.
The lowest CHAIN price for this period was $0, the highest was $0.022, and the current live price for one CHAIN coin is $0.02198.
The all-time high CHAIN coin price was $1.06.
Use our custom price calculator to see the hypothetical price of CHAIN with market cap of SOL or other crypto coins. |
The code for Chain Games crypto currency is #CHAIN.
Chain Games is 2.6 years old. |
The current market capitalization for Chain Games is $7,419,002.
Chain Games is ranking downwards to #621, by market cap (and other factors). |
There is a modest volume of trading today on #CHAIN.
Today's 24-hour trading volume across all exchanges for Chain Games is $83,062. |
| The circulating supply of CHAIN is 337,537,526 coins, which is 68% of the total coin supply. |
| Note that there are multiple coins that share the code #CHAIN, and you can view them on our CHAIN disambiguation page. |
 | Ethereum Upgrade to Implement Beacon Chain Withdrawals Scheduled for Apr...
During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals. This will enable Ethereum network validators to support withdrawal operations following the ruleset change.Ethereum Validator Withdrawal Operations and Fee Optimization Enhancements Set to Go Live in 27 Days
At the time of writing, the Beacon chain contract holds 17,680,535 ether, worth $29.33 billion using today’s Ethereum exchange rates. The upcoming upgrade, called Shapella, will enable the Beacon chain to use push withdrawals as operations through Ethereum Improvement Proposal (EIP) 4895.
According to the EIP-4895 documentation, this will 'support validator withdrawals from the Beacon chain to the EVM via a new 'system-level' operation type.' Additionally, the summary notes that EIP-4895's architecture is ''push'-based, rather than 'pull'-based, meaning withdrawals must be processed in the execution layer as soon as they are dequeued from the consensus layer.'
The latest Ethereum upgrade was originally planned for this month, but the consensus change was postponed. During the Execution Layer Meeting on Thursday, Ethereum developers announced that the upgrade is now scheduled for April 12, 2023.
In addition to the Beacon chain push withdrawals proposal, the upgrade will include t...
|  | BTC Proxy Is Live on BNB Chain and Interoperable With WBTC and BTCB
PRESS RELEASE. Leading DeFi protocol BTC PROXY today expanded support for the Binance BNB Chain as well as updating support on Ethereum and Polygon for their ($BTCpx) Bitcoin Proxy. Minting and bridging of BTCpx to the three networks goes live on or after March 10th, 2023. This fulfilled a vision of allowing the Proxy community to utilize their Bitcoin for use in DeFi on Polygon, Ethereum and BNB Chains.
BTC Proxy's expansion to the three networks allows the Minting of BTCpx token using BTC Bitcoin, WBTC ERC20 and Polygon as well as BTCB BEP20. This is a major leap forward for the Bitcoin DeFi ecosystem as it opens up the protocol to 19.2M Bitcoins in circulation as well as 52,979 BTCb on Binance as well as 176,097 WBTC in circulation on Ethereum and Polygon.
No other project offers the usage of insured custody to hold Bitcoin. BTC Proxy is suitable for full custody investment funds and holders that need the assurance of a qualified custodian.
Qualified custodians reduce counterparty risk as the holdings are insured and regulated and required to segregate client funds and are not permitted to trade or leverage their holdings. This is a hot topic since the collapse of major centralized platforms like FTX and Celsius have eroded consumer trust in cryptocurrencies. BTC Proxy is integrated with leading custodians such as Binance Custody, Fireblocks and Gemini Trust.
Users using BTCpx can now freely move it seamlessly from one network to another and redeem it for real BTC with the...
|  | Alvey Chain Introduces World's first Next-Generation Virtual Reality Mul...
PRESS RELEASE. London - Alvey Chain, a decentralized Layer 2 Blockchain built on Ethereum Chain, also a leading provider of blockchain technology solutions, is proud to announce the launch of its next-generation Virtual Reality Multiverse Exchange. The new platform offers a secure, reliable, and scalable solution for users. They can trade, open as many as 50 charts, use various indicators, manage their wallets all while having an immersive experience.
The Alvey Chain platform is built on a highly scalable architecture that can handle thousands of transactions per second, making it ideal for businesses of all sizes. The platform features a powerful consensus mechanism that ensures the integrity and security of transactions, as well as advanced smart contract functionality that enables businesses to automate complex processes and reduce costs.
https://youtu.be/ES55FXhoY5A
VR Exchange trailer
'We are thrilled to introduce our next-generation Virtual Reality Multiverse Exchange to the market,' said Naur, core member of Alvey Chain. 'We believe that this technology has the potential to revolutionize the way businesses operate, and our platform offers a secure and scalable solution that can help users and businesses of all sizes harness this transformative technology.
In addition to its powerful platform, Alvey Chain offers a range of consulting and implementation services to help businesses integrate blockchain technology into their operations. The company's team of experts has ex...
|  | Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Si...
Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of its cryptographic-focused chips.Chain Reaction Raises $70 Million in Series C Funding Round
Chain Reaction, a startup that focuses on building blockchain-based silicon, announced that it has raised $70 million as part of its Series C funding round. The round, which was led by Morgan Creek Digital, part of Morgan Creek Capital — a VC company co-founded by crypto influencer Anthony 'Pomp' Pompliano — saw the participation of Hanaco Ventures, Jerusalem Venture Partners, KCK Capital, Exor, Atreides Management, and Blue Run Ventures.
With this capital influx, the company expects to increase its engineering headcount in order to hasten the development of its blockchain silicon products, estimated to reach the market later this year. According to Alon Webman, co-founder and CEO of Chain Reaction, the mass production of the first batch of chips, called 'Electrum,' will start in Q1 2023.
According to reports from Reuters, Electrum will be a highly efficient ASIC chip designed for bitcoin mining, a field dominated by companies like Bitmain. The fabless startup enrolled the services of TSMC, one of the biggest foundries in Taiwan, to mass produce the chips.
While the company did not disc...
|  | SIMBA Chain and Alitheon Partner to Deliver End-to-End Authentication & ...
[PRESS RELEASE - South Bend, Indiana, 23rd February 2023]
SIMBA Chain, the builder of Blocks, an enterprise-grade platform that abstracts the complexities of blockchain development to make the innovative technology more accessible across multiple blockchains and services, today announces the integration of Alitheon, the provider of FeaturePrint®, the machine-vision-based solution for authentication and traceability of physical goods.
The go-to-market partnering agreement enables Alitheon to provide its customers with the ability to certify the authenticity and take ownership of digitized physical items using the blockchain-based FeaturePrint® system. SIMBA will extend Alitheon’s FeaturePrint to its own customer base, allowing them to first authenticate, and then trace, physical products through the entirety of their commercial lifecycle.
FeaturePrint® allows for immediate authentication of an item using a smartphone using an advanced optical AI technology that digitizes items. SIMBA provides the infrastructure to enable the omnipresent tracking of real-world items through the blockchain by tying each physical item issued by a manufacturer to a unique NFT which acts as the item’s digital twin. From here, both the NFT and the item can be tracked from warehouse to customer to second-hand buyer and beyond, eliminating the possibility of replication, fraud or counterfeiting.
Bryan Ritchie, CEO of SIMBA Chain, said: “The global gray and black market an...
|  | A16z Exerts Control Over Uniswap by Downvoting BNB Chain Deployment
Crypto venture firm a16z has used its 15 million UNI token voting block to vote against a proposal that would use the Wormhole bridge for Uniswap V3 deployment on BNB Chain.
According to the ongoing results of the proposal vote, a16z’s overwhelming token stash enabled it to control around half of the votes so far, pushing the decision its way.
The proposal to deploy the latest Uniswap iteration on the BNB Chain was submitted on Feb. 2. It was made by 0xPlasma Labs on behalf of the Uniswap Community, following a temperature check with 80% in favor of the proposal.
The voting period will conclude on Feb. 10, and only 3% or 30.5 million votes had been cast at the time of writing. For a vote to pass, it must achieve a quorum of 4% or 40 million UNI tokens. A16z has made every effort to make sure this doesn’t happen.
Uniswap Controlled by VCs
The move has the crypto community riled and calling for answers from a protocol that claims to be decentralized.
You’re being lied to about the governance of UNI@a16z could control 41.5M UNI through 11 wallets, which represents more than 4% of the supply
4% is the required amount to pass any proposal ↓ https://t.co/mVdTukYstD pic.twitter.com/u7l9kBFIWF
— Bubblemaps (@bubblemaps) February 5, 2023
The decision to downvote appears to have been driven by the choice of cross-chain bridge in the proposal. 0xPlasma Labs have preferred Wormhole, whereas a16z is in favor of LayerZero.
“As a result of a very complex...
|  | SIMBA Chain Awarded $30M US Air Force STRATFI
[PRESS RELEASE - South Bend, Indiana, 31st January 2023]
Leading enterprise blockchain solutions provider SIMBA Chain announces it has been selected for a $30M STRATFI with the U.S. Air Force (USAF), following up on multiple projects the company has completed for the military branch in recent years.
The USAF STRATFI is focused on identifying and advancing technologies that have the potential to secure its future dominance. The $30M investment reflects a significant budget increase compared to previous blockchain initiatives, and will focus on the development and deployment of blockchain applications in supply chain management. These programs are designed to be used by the Office of the Undersecretary of Defense for Research & Engineering, the USAF, U.S. Navy, U.S. Army, and the Defense Logistics Agency.
Commenting on the new partnership, Stacy Betlej-Amodeo, Vice President of Government Operations at SIMBA Chain, elaborates 'Our new project for the USAF will pave the way to more efficient and comprehensive management of assets within the Department of Defense supply chain. SIMBA is thrilled to build upon our existing partnership with the DoD to scale blockchain technology across the enterprise.'
Previously, SIMBA Chain has developed various blockchain applications to improve crucial USAF activities, including the tokenization of the organization’s budget to enhance accounting, as well as the tracking of critical components vital to the air service branch. The STRATFI wi...
|  | 80% Of Uniswap Holders Support BNB PoS Chain For Deploying V3 Protocol
Uniswap (UNI), a decentralized protocol, is ready to roll out the third version of its platform. The protocol aims to provide a suitable platform where users can seamlessly swap ERC-20 tokens without using an order book.
For the v3 launch, the protocol carried out a 'temperature test' for a possible blockchain to use. The proposal was for deploying Uniswap v3 on the Binance Smart Chain (BNB) instead of the Ethereum blockchain. The proposal got the UNI community voting on its government forum using their UNI tokens.
Surprisingly, about 80% of the UNI holders supported the Uniswap v3 deployment on the BNB Chain, Ethereum's rival. Unfortunately, this left a smaller percentage of votes for the Ethereum blockchain, making it lose the temperature check proposal.
We’re excited to share that our @0xPlasma proposal to deploy @Uniswap v3 on @BNBCHAIN has passed the "Temperature Check" with 20M votes "YES" and 6,495 $UNI voters (the biggest number for the whole Uniswap Governance History). Moving forward to the final "Governance Proposal" pic.twitter.com/HoIJgY8mX1
— 0xPlasma Labs: DeFi & NFT Metaverse (@0xPlasma) January 22, 2023
0xPlasma Labs, a decentralized finance protocol, contributes to the proposal. According to the post on Twitter, the firm noted that the 'Temperature Check' on the proposal got 20 million votes for 'YES.' In addition, the supporting votes came from 6,495 $UNI voters, the most significant voting numbers in the history of Uniswap's Governance syst...
|  | GMX Generates More Fees than BNB Smart Chain and Bitcoin
GMX, the perpetual trading decentralized exchange (DEX) allowing up to 50X leverage, now generates more trading fees than the BNB Smart Chain (BSC) and Bitcoin.
GMX Is The Third Most Active Platform
According to statistics, GMX's 1-day fee on January 19 was around $589,000, while BSC and Bitcoin on-chain fees, over the same period, stood at $524,232 and $328,935, respectively.
Ethereum and Uniswap are the only two major protocols more active than the perpetual trading decentralized exchange, per the above data. During this time, the total Gas fees accrued in Ethereum exceeded $5 million. In Uniswap, it was over $2.1 million, roughly 4x GMX's and BSC's daily fees.
GMX supports trading various coins, including BTC, ETH, and AVAX. As of writing, GMX had $96,802,651,673 in total trading volume with open interest, that is, the number of opened positions, long and short, of $207,102,720. Meanwhile, over 208,000 active traders were using the platform to trade on Arbitrum and Avalanche. GMX launched on Arbitrum and Avalanche, considering their scalability and low fees versus Ethereum.
Arbitrum is Ethereum's layer-2 platform permitting scalable and low-fee trading fees. On the other hand, Avalanche is scalable and boasts the fastest settlement time in crypto. By launching on these two platforms, GMX says it allows users to save on costs by entering and exiting positions with minimal spread and zero price impact.
Traders take the profits of selling positions in USDC...
|  | Polygon Announces Upcoming Hard Fork to Address Gas Spikes and Chain Reo...
The Ethereum scaling blockchain, Polygon, has revealed plans to initiate a hard fork on Jan. 17, 2023. According to the team, the network upgrade will 'reduce the severity of gas spikes' and 'address chain reorganizations (reorgs) in an effort to reduce time to finality.'Polygon Team Outlines Network Upgrades to Improve User Experience
On Jan. 12, 2023, the Polygon team told the community to 'get ready for the hard fork' as developers have plans to upgrade the chain on Jan. 17, 2023. 'The proposed hard fork for the Polygon PoS chain will make key upgrades to the network on Jan. 17,' the team tweeted. 'This is good news for developers and users and will make for better user experience (UX). You will not need to do anything differently,' the developers insisted. Polygon (MATIC) developers have been discussing the upgrade since Dec. 2022.
The V0.3.1 Hard Fork aims to reduce gas spikes and address blockchain reorganizations (reorgs). A reorg is an occurrence in which a new chain's branch emerges and supersedes the previously accepted blockchain branch. Reorganizations can cause previously confirmed transactions to be invalidated and replaced with new ones. In order to alleviate the reorg problem, Polygon plans to decrease the network's sprint length from 64 to 16 blocks. 'Doing so will decrease the depth of reorgs,” Polygon developers declare.
In order to reduce gas spikes, Polygon aims to change the 'basefeechangedenominator' from the current value of 8 to 16. 'This will ...
|  | Ukrainian Pharmacy Chain Introduces Cryptocurrency Payments
A major Ukrainian chain of pharmacies has started accepting cryptocurrency through Binance Pay. The new payment method will be available online, according to the company, which operates hundreds of drugstores across the war-torn Eastern European nation. Pharmacy Offers Ukrainians Option to Pay With Crypto Using Binance Pay
Customers of the Ukrainian pharmacy chain ANC can now buy medicines and other items using a number of cryptocurrencies. The new payment option is accessible since Tuesday, the company announced, claiming it has become the first pharmacy chain in Europe to offer it.
From Jan. 3, you will be able to enjoy instant payments when purchasing pharmacy products. It will be possible to pay for orders with cryptocurrency on Anc.ua!
The coin transactions will be processed through Binance Pay, the payment system developed by the world’s largest digital asset exchange by trading volume. It allows users and businesses around the world to spend, send, and receive over 70 digital currencies like bitcoin.
To take advantage of the service, customers will have to download and install the Binance app, go to the ANC website, place an order and cover the bill using Binance Pay. Then they can receive the products or pick them up at any of the chain’s stores.
ANC operates a network of pharmacies under its brand name and unites several other Ukrainian chains such as Blagodiya, Kopiyka and Shar@. It has stores in over 130 Ukrainian cities with more than 7 million custome...
|  | BMW Revamps Operations With Blockchain Technology From Coinweb And BNB C...
Coinweb, a layer-2 cross-chain computation platform, announced on December 29 that it has entered into a partnership with BMW to integrate blockchain technology into the automaker's infrastructure in order to improve the efficiency of financial transactions.
Coinweb stated that the primary goal of this partnership is to provide a completely new experience for BMW's customers in Thailand. To achieve this, the two companies plan to implement two different roadmaps in 2023.
The Project Will be Divided Into Two Phases
The first phase of the partnership will involve the creation of a roadmap to assess the use of cross-chain parallel-executing smart contracts to automate manual processes that are time-consuming and resource-intensive for the company.
Coinweb brings blockchain technology to BMW - Introducing their mass user base in Thailand to the cross-chain infrastructure.https://t.co/lrKKc9YeaG
Ecstatic to be ending 2022 with a
What will 2023 bring us? pic.twitter.com/Z666FHlEzS
— Coinweb.io (@CoinwebOfficial) December 29, 2022
Coinweb plans to implement a fully integrated Anti Money Laundering (AML) and Know Your Customer (KYC) tool based on Thailand's NDID system to streamline the process of applying for vehicle financing and reduce the associated pain points.
In the second phase of the partnership, Coinweb will create a Software as a Service (SaaS) Web3 application to develop a blockchain-based loyalty program for BMW Group customers in Thailand. Binance's BNB Chain wil...
|  | Binance Smart Chain User Activity Tanks, Why BNB Price Could Suffer
BNB Price has been seeing a lot of declines since Binance came under fire for the audit published by Mazars. Fear, Uncertainty and Doubt (FUD) had spread like wildfire, leading to more than $5 billion in withdrawals from the crypto exchange. Nevertheless, Binance was able to withstand the onslaught and amid all of this, activity on the Binance Smart Chain has fallen drastically, painting a bearish picture for the BNB price.
Binance Chain Activity Drops By 15%
Last week, there had been a lot of activity on the Binance Smart Chain which saw daily active addresses climb as high as 1.2 million at the start of the weekend. However, as the new week is ushered in, this metric has taken a swift beating and the number of daily active addresses has declined dramatically.
Data from YCharts show that in the last 24 hours, Binance Smart Chain active addresses were down by more than 15.70%. This showed a complete reversal in the high usage recorded between Friday and Saturday when activity on the chain had surpassed all other blockchains. Currently, the number sits at 947,414 daily active addresses on the blockchain. So from Friday to now, active addresses are down by more than 150,000.
New unique addresses per day were also down during this time and are down by 15.27% in the 24-hour period. Likewise, transactions per day also took a beating, falling 15.27% during this time while transaction fees realized on the network declined by 10.86%.
Interestingly, the daily active BEP-20 ad...
|  | General services administration awards multiple award schedule (MAS) con...
[PRESS RELEASE - Please Read Disclaimer]
This long-term, government-wide contract permits Simba Chain to supply its blockchain solutions and services to all Federal US agencies.
Since inception, Simba Chain has built several state-of-the-art blockchain applications for the US Navy, Air Force, Space Force, and other government branches.
After securing over fourteen contracts with the Department of Defense and other federal departments since 2017, the US General Services Administration (GSA) has awarded Simba Chain, the leading blockchain enterprise service, a Multiple Award Schedule (MAS) contract. This long-term, government-wide contract permits Simba Chain to supply its blockchain solutions and services to all Federal US agencies for up to 20 years.
With this move, Simba Chain has become one of the first blockchain service providers approved by the GSA. The first-of-its-kind contract will allow the company to expand its business across the public and private sectors, creating opportunities to expand the reach and impact of blockchain technology as an enterprise solution.
The GSA is an increasingly important independent agency of the US government. Its MAS contracts aim to provide federal, state, and local governments with access to products and services deemed as fair and reasonable. As of 2022, the agency accounts for over $40 billion in annual contract spending.
“With this MAS contract, Simba has reached a major milestone in the push for blockchain adoption in the ...
|  | ZOGI Token Launches on Cronos, BNB Chain and Ethereum With Revolutionary...
Dubai, December 9th – Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today launches their new ZOGI token on Cronos, BNB Chain & Ethereum. The ZOGI token is a wrapped version of the primary BEZOGE token optimized for the Zogi Labs decentralized ecosystem. From day one of launch, ZOGI will be available on Cronos, BNB Chain & Ethereum, rapidly boosting the exposure of the token which can now be wrapped and moved between chains instantly, with very low gas fees using the upcoming Zogi Bridge.
'With the launch of ZOGI on Cronos, BNB Chain & Ethereum, we're taking our native token BEZOGE to the next level by allowing users to wrap their BEZOGE into ZOGI and bridge it quickly and securely between chains. ZOGI expands our ecosystem to multiple chains, and we expect to see massive growth and exposure, giving our dedicated community the flexibility they need to increase the utility of their BEZOGE & ZOGI tokens.' Steve Murray, CEO, Zogi Labs
Wrap & bridge in Zogi Hub
The Zogi Hub acts as a portal for everything Zogi. Within the decentralized application, users will be able to access all Zogi products in one place, with the Wrapper and Bridge being available first.
Wrapping allows BEZOGE holders to wrap their tokens into ZOGI at a 1 to 1 billion ratio. ZOGI can then be bridged to one of the new chains (Cronos / Ethereum / BNB Chain) using the fast & secure Zogi Bridge. ...
|  | BNB Chain NFT Support Added to OpenSea
OpenSea – the world’s largest NFT marketplace – is bringing NFTs based on BNB Chain to its platform.
The network’s collectibles will soon be available for listing and sale on OpenSea’s standard core marketplace.
OpenSea Meets BNB Chain
Per a press release shared with CryptoPotato, OpenSea’s Seaport protocol will launch BNB Chain starting in Q4 2022. Benefits to BNB NFT creators will include real-time payouts, creator payouts, collections management, and other things.
“The integration will bring a large number of creators into the wider system, as well as empower the creators and NFT initiatives inside the BNB Chain ecosystem,” said BNB Chain Investment Director Gwendolyn Regina on the partnership.
BNB Chain is currently the largest smart contract blockchain in the world based on daily active users. However, the network has seen relatively low NFT trading volume compared to competing networks, being outcompeted by the likes of Ethereum and Solana by orders of magnitude.
That said, BNB Chain also boasts much lower fees than Ethereum, removing burdensome costs for NFT users. According to BNB Chain, this will make signature confirmation actions easier to see and allow users to initialize their accounts for free.
Jeremy Fine, Head of Business and Corporate Development at OpenSea, said the BNB Chain integration will give everyone a better experience on the platform. “This update will make it s...
|  | Google Cloud Is Running a Solana Validator, Blockchain Node Engine to Su...
After Google Cloud announced that it would offer a product called the “Blockchain Node Engine” and further noted that Ethereum would be the first blockchain supported, the company revealed it was running a Solana validator on Nov. 5, 2022. Google said that the cloud division is currently working with Solana in order to bring the firm’s Blockchain Node Engine to the Solana chain.Google Is Operating a Block-Producing Solana Validator, Firm's Cloud Division Aims to Add Solana to Blockchain Node Engine's Supported Blockchains in 2023
Google is stepping toward other blockchains after revealing the Blockchain Node Engine at the end of October. According to a tweet from Google Cloud’s official Twitter account, the firm is already running a Solana validator. “Google Cloud is running a block-producing [Solana] validator to participate in and validate the network,” the company tweeted. The company added:
Google Cloud is working with [Solana] to bring Blockchain Node Engine to the Solana chain next year, so it will be easy for anyone to launch a dedicated Solana node in the cloud.
In addition to bringing Blockchain Node Engine support to Solana, Google Cloud will be indexing the Solana blockchain and bringing the data to “Big Query” next year. The goal is to “make it easier for the Solana developer ecosystem to access historical data.” Solana’s native token solana (SOL) jumped in value on the announcement and SOL is up 7....
|  | Major South African Supermarket Chain Accepts Bitcoin Payments (Report)
One of the largest supermarket chains in South Africa - Pick n Pay - reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company's stores located across the country.
The National Children's Advocacy Center also hopped on the bandwagon, allowing people to donate digital assets.
The Latest to Catch the Wave
Pick n Pay hinted about the new payment option months ago when it trialed it in ten of its stores. According to a recent coverage, the service is now live and is extended to a total of 39 shops.
The company partnered with Electrum and CryptoConvert to embrace the asset class. Clients can pay their grocery bills using the Bitcoin Lightning at the till point, the firm explained:
'The transaction is as easy and secure as swiping a debit or credit card. Customers scan a QR code from the app and accept the rand conversion rate on their smartphone at the time of the transaction. The service fee for each transaction is minimal, costing the customer on average 70c, and takes less than 30 seconds.'
Carel van Wyk - Founder of CryptoConvert - argued that crypto payments are still in their 'infancy' in South Africa. However, cryptocurrencies have become highly popular among the local population, and similar moves could fuel the future progress of the domestic monetary network.
Another organization that embraced crypto as a means of settlement is the National Children's Advocacy Center. It joined forces with 'Giving-Blo...
|  | Binance Launches Oracle Network for BNB Chain Ecosystem
On Oct. 26, crypto giant Binance announced Binance Oracle, a new service that will source, verify, and feed off-chain data to smart contracts running on the BNB Chain.
The company claims that the Oracles will provide a “more reliable, secure, and accurate data sourcing solution for smart contracts.”
The new service, which launches this month, will enable existing Web3 dApps and BNB Chain partners to access oracle data sources. The company confirmed that more than ten projects had already integrated with the Binance Oracle network.
New product: #Binance Oracle - Enriching the #BNB Chain Ecosystem.https://t.co/31tVtxMSa9
— CZ Binance (@cz_binance) October 26, 2022
Competing With Chainlink?
Chainlink is currently the industry standard provider for decentralized data oracles, and its community has already started to pick holes in Binance’s offering. On Oct. 27, ‘ChainLinkGod’ questioned why anyone would launch a centralized price oracle in 2022, adding:
“Docs and marketing try to make it *seem decentralized* but data is sourced and signed by Binance themselves. Introducing a single point of failure to dApps and putting user funds at risk,”
Binance stated that its oracle service will initially support index prices for the most popular digital assets, with the data being sourced from several centralized exchanges.
Furthermore, it will utilize an in-house Threshold Signature Scheme which signs on individual data feeds to prevent sin...
|  | National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, B...
The central bank of Kazakhstan intends to use Binance's blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work in the country. Kazakhstan to Employ Binance Blockchain Infrastructure for Its Central Bank Digital Currency Project
Kazakhstan's monetary authority is going to integrate its central bank digital currency (CBDC) into the Bnb Chain developed by Binance, the founder and CEO of the world's leading crypto trading platform, Changpeng Zhao (CZ), announced on Twitter.
Binance was recently granted license to provide a range of services for digital assets, including exchange and custody, while operating from the Astana International Financial Center (AIFC), the Central Asian nation's financial hub.
National Bank of Kazakhstan (NKB) will integrate their CBDC on @BNBchain. #BNB https://t.co/33WMKwAczm
- CZ 🔶 Binance (@cz_binance) October 27, 2022
On Wednesday, Zhao revealed that after it received the regulatory approval, the company met with the First Deputy Governor of the National Bank of Kazakhstan (NKB) Berik Sholpankulov and Binur Zhalenov, head of the bank's Payment and Financial Technologies Development Center.
Representatives of the exchange introduced the central bank officials to the Bnb Chain community and discussed with them testing the integration of the digital Kazakhstani tenge ...
|  | Kazakhstan to Integrate its CBDC on BNB Chain, CZ Confirms
Changpeng Zhao - CEO of Binance - revealed that the National Bank of the Republic of Kazakhstan will integrate its central bank digital currency (CBDC) into BNB Chain.
The firm has strengthened its presence in the Central Asian country lately. The local regulator AIFC Financial Services Authority (AFSA) allowed it to operate a digital asset platform and provide custodial services to Kazakhstani consumers.
The NBK Picked BNB Chain
Zhao disclosed that Binance's team has recently held discussions with top members of Kazakhstan's central bank, including the First Deputy of the Governor - Berik Sholpankulov - and the Head of Payment and Technological Center - Binur Zhalenov.
During their meetings, the exchange offered the institution to integrate its upcoming CBDC on BNB Chain. CZ reminded that the NBK has already launched a pilot version of its digital tenge in a 'controlled environment and with real consumers and merchants.' In a recent tweet, he said the bank had tapped Binance as a partner for that product.
National Bank of Kazakhstan (NKB) will integrate their CBDC on @BNBchain. #BNB https://t.co/33WMKwAczm
— CZ Binance (@cz_binance) October 27, 2022
Some Twitter users described the collaboration as a bullish move that could positively impact the entire crypto industry. Still, a small chunk opined that Binance should not get involved with CBDCs, arguing that such financial products lack the merits of cryptocurrencies.
Binance Shook Hands With Kazakhstan's Regulator
T...
|  | An Unknown Miner Commands More Than 51% of BSV's Hashpower, Consecutive ...
A single miner has managed to overtake a large portion of the Bitcoinsv (Bitcoin Satoshi's Vision) blockchain capturing more than 80% of the hashrate on October 17. Today, the unknown miner's hashpower commands around 54% of the Bitcoinsv's computational power and during the last seven days, the stealth miner captured 64.5%.Unknown Hashpower Captured 64% of the Bitcoinsv Chain During the Past 7 Days, Empty BSV Blocks Renders Chain Useless at Times
Bitcoinsv (BSV) has been dealing with an unknown miner trolling the project by mining empty blocks, and capturing a great majority of hashpower. Statistics from Coin Dance indicate that the miner captured 80% of the hashrate between October 17 and 18, 2022.
Interestingly, the unknown miner took over the blockchain's hashrate during the defamation trial between Craig Wright, the man who claims to be Satoshi Nakamoto, and the pseudonymous Bitcoiner Hodlonaut. Wright lost the lawsuit and Hodlonaut was acquitted of all claims related to the defamation case.
The self-proclaimed Satoshi, otherwise known as Craig Wright, was also ordered to pay $348,257 to compensate Hodlonaut's court expenses. While the court case was not yet decided, the unknown miner ramped up its hashrate efforts a few days before the lawsuit ended.
Instead of mining blocks with tens of thousands of transactions, the miner chose to mine near-empty blocks making the blockchain unusable for long periods of time. The BSV miner leverages the BSV address '1KPST' and to dat...
|  | Aptos (APT), a Famous Public Chain with Meta Background, Now Listed on M...
[PRESS RELEASE - Please Read Disclaimer]
October 19, 2022 - The latest news from Aptos indicates that it will launch the mainnet in the near future. At the same time, its mainnet token APT was announced by major mainstream exchanges before it was in circulation. The cryptocurrency trading platform MEXC listed the Aptos mainnet token APT at 00:45 on October 19 (UTC). It is the world's first trading platform for Aptos.
The Aptos team will build its new Layer 1 blockchain based on the original Libra whitepaper. However, unlike Libra, the project will focus not on cross-border payments but on smart contracts.
Different from the current public chain such as Ethereum, Aptos inherits the underlying technical specifications of the Diem project, uses Move programming language and BFT consensus protocol, aiming to build a more scalable blockchain to meet the needs of billions of users and large enterprise customers, so as to carry out the storage and transaction of crypto assets in a convenient way.
Aptos's development builds partly on technology that has been publicly developed at Diem over the past three years. The Move language is a brand-new development language focusing on the blockchain's security, scalability, and upgradeability.
Earlier, Aptos stated in its medium that the original Diem team would try to restart the project in the form of Aptos, after Meta confirmed the sale of Diem-related assets.
Currently, representatives of new public chains using the Move language include...
|  | The Dacxi Chain Reviewed: Meet the Tokenized Crowdfunding Network Coming...
Cryptocurrencies are no longer a niche product segmented in a distant industry popular only among cypherpunks and tech aficionados. They’ve become mainstream.
Largely due to their explosion in prices during the 2021 bull run, Bitcoin famously topped $69,000, they’ve cemented their place in the world of fintech.
However, now more than ever, the industry needs to prove its worth and separate investment opportunities from speculation. At a time when regulators turn their sights to crypto, the space needs clear-cut solutions that allow retail (and institutional) investors to clearly differentiate.
Dacxi Chain brings forward the first-ever global tokenized crowdfunding ecosystem designed to do just that.
It creates a global pool of investors and connects them with visionary business people who require funding to take their innovative products and services to the next level. The Dacxi Chain uses blockchain tokenization technology to create digital versions of company shares, making the process quick, seamless, cost-efficient, and – importantly – genuinely global. It’s powered by its own native cryptocurrency, Dacxi Coin.
What Problems Does Crowdfunding Face Today?
Crowdfunding was a strong concept with great promise. But it never reached the wild heights it aimed for. It was never eventuated as a legitimate way for investors to profit and entrepreneurs to gain funding. Largely, it was an issue of scale. The current crowdfunding system has lon...
|  | The BNB Smart Chain Hard Fork Tomorrow: What You Need to Know
The BNB Smart Chain will go through a hard fork tomorrow. The upgrade will take place at around 08:00 AM (UTC) at block height 22,107,423.
The changes are aimed at mitigating the cross-chain infrastructure between the Beacon Chain and the Smar Chain in an attempt to re-enable the cross-chain back.
What is the BNB Smart Chain Moran Hard Fork?
According to a release on Github, the BNB Smart Chain will go through a hard fork tomorrow - October 12th.
The upgrade is called Moran, and it represents a 'temporary urgent patch.'
This release is a temporary urgent patch to mitigate the cross-chain infrastructure between Beacon Chain and Smart Chain so that the cross-chain can be re-enabled back. It is a hard fork release for both testnet and mainnet.
The changes that Moran will bring to the network include a fix of the vulnerability in 'the iavl hash check,' intended to eventually migrate it to ICS23 specifications. Additionally, it will introduce a block header in the sequence check in the CrossChain Contract.
Last but not least, the hard fork will also make the relater whitelisted to the genesis candidates. The Github entry also specifies that there will be further Binance Chain Evolution Proposals (BEPs) on how to define the candidates for the relayer.
What To Do?
Regular users needn't do anything. However, node operators will have to take a few steps. First, they would have to download the binary contained in the Github entry.
After that, they would have to stop the...
|  | The Dacxi Chain Unveiled as the World's First Global Equity Crowdfunding...
PRESS RELEASE. The world’s first blockchain-based global equity crowdfunding network – the Dacxi Chain – has been unveiled. The Dacxi Chain is a unique global ecosystem that creates digital tokenized versions of company shares, which can then be quickly and easily bought and sold all over the world. Connecting investors, entrepreneurs and deal makers from across the globe. A singularly complex technical challenge, the Dacxi Chain has taken the company’s tech team four years to develop. The advanced technical features within Dacxi Chain are built on the unique capabilities of blockchain.
Dacxi CEO Ian Lowe says, “When we set out to create a global ecosystem to deliver thousands of funding deals to hundreds of thousands of investors around the world, there are many significant problems to solve. Emphatically, blockchain is the path to unlocking the limitless potential of equity crowdfunding.”
The Dacxi Chain ecosystem must be equipped to deal with tokenized assets, cryptocurrency-based investments from multi-language and multi-currency investor pools, and a range of different regulatory environments. As such, the Dacxi Chain’s development has required the origination and development of a series of new technological processes.
Fernando Pacheco, Dacxi Chain’s Chief Product Officer says, “The Dacxi Chain aggregates investor pools drawn from multiple territories around the world, and connects them to entrepreneurs who have via...
|  | BNB Chain to Conduct Governance Votes on What to Do With the Stolen Fund...
After losing millions of dollars worth of assets in a cross-chain hack, the team behind BNB Chain - formerly Binance Smart Chain (BSC) - plans to conduct on-chain governance votes to determine what to do with the stolen funds.
Recall that BNB Chain temporarily halted all network operations after an attacker exploited a vulnerability on the BSC Token Hub cross-chain bridge to siphon two million BNB valued at $600 million.
BNB Chain Hacker Absconds With $100M
The hacker still had about $400 worth of assets on the network before the suspension, which made it impossible for them to transfer the funds to other chains.
According to reports, the attacker was able to exit with around $70 million to $80 million across several networks. However, cyber security firm Hackenclub said the perpetrator made away with $110 million through Fantom, Ethereum, and Polygon.
Shortly after resuming network operations, the BSC team announced plans to hold governance votes on four critical decisions relating to the hack, including bounties for future attacks.
The Way Forward
In the coming days, an upgrade on the BNB Beacon Chain (BEP2) will allow the network validators to vote on what will be done with the stolen funds, whether they will be frozen or not, or “auto-burn” them.
The validators will vote on the launch of a white hat program that will reward hackers with $1 million for discovering a “significant bug.”
The on-chain vote will...
|  | BNB HACK INU: How Someone Stole 60 ETH Following the BNB Chain Hack
The past 24 hours were quite tumultuous, with one of the largest blockchain networks - BNB Chain - suffering a security breach that saw the millions worth of cryptocurrency being compromised.
And while the process of freezing and recovering the stolen assets is ongoing and the network is back to its normal functioning, someone took the opportunity to pull off another scam.
Enter the BNB HACK INU Token
BNBHACKINU - a token created in a clear reference to both the recent BNB Chain hack and popular dog-themed memecoins - becomes the latest scam that perpetrators pulled off to steal crypto off of innocent people.
Delivering the information was a Twitter user by the name of lorem who detailed how the entire thing went down. According to him, the hacker who was responsible for the BNB Chain exploit, created a token called BNBHACKERINU - just two hours after the initial exploit.
Because of the way the smart contract was coded, he was able to mint an arbitrary number of tokens and add them to the owner's balance. After that, the perpetrator called three other functions that allow the owner to take the BNBHACKINU tokens out of any holder's wallet and transfer them to any other wallet.
At this point, I knew this was definitely a rug waiting to happen. The owner was constantly calling these methods and each time the stolen tokens were sent to a brand new wallet with 0 ETH. I only went through a few of the transactions but of the fresh wallets I looked at, there were over 7 mil...
|  | Multi-Million BNB Chain Hack and Bitcoin's Battle for $20K: This Week's ...
In terms of overall market movements, not much was happening in the past seven days. The total capitalization remained somewhat flat, around $990 million, unable to recover above the coveted $1 trillion mark. Bitcoin's price, as well as that of the majority of altcoins, also failed to post a significant difference.
At the time of this writing, Bitcoin's price trades at around $19,700 - more or less where it was this time last week. The volatility is currently gone from the cryptocurrency market, and Bitcoin is no exception. The bulls attempted to rally above $20,000 and even managed to keep the price above this level for a couple of days, reaching a weekly high at just shy of $20,500 (on Binance).
Unfortunately, today, the price tumbled below $20K when the United States Bureau of Labor Statistics posted information about the jobs added through September. The number exceeded expectations, and market participants perceived it as a sign that the current measures to curb inflation and encourage spending are insufficient, hence pushing the price down.
Much like BTC, ETH is also charting a 0.2% increase over the past seven days, indicating a flat trend of rangebound trading. Most of the altcoins followed suit.
The most exciting thing, albeit in the bad sense of the word, was yesterday's hack of the BNB Chain. Someone managed to exploit a security vulnerability in the BNB Bridge and siphoned at least $100 million worth of cryptocurrency. Developers were quick to react and froze some...
|  | Here's How the Multi-Million BNB Chain Hack Went Down: Paradigm Research...
The BNB Chain was temporarily paused after an exploit on its cross-chain bridge. The current impact estimate is around $100 million and $110 million equivalent of cryptocurrency.
According to the latest update, the BNB Chain has resumed working as usual, but let's have a look at how the hack went down, according to a popular researcher.
The Exploit
Paradigm Researcher Sam Sun stated that the attacker somehow convinced the Binance Bridge to send out 1 million BNB to an address they controlled. They repeated the step twice. After comparing the attacker's transactions with legitimate withdrawals, Sun noticed that the height used by the attacker was always the same - 110217401. However, the heights used by legitimate withdrawals were much bigger, such as 270822321, the researcher pointed out.
He further noted that the attacker's proof was notably shorter than the legitimate withdrawal's proof, meaning that they had found a way to 'forge a proof' for that specific block - 110217401.
Binance has a special precompile contract that is used to verify IAVL trees. When a user verifies an IAVL tree, they need to specify a list of 'operations.' The Binance Bridge typically expects two of them: an 'iavl:v' operation, and a 'multistore' operation, Sun specified. The attacker managed to exploit the bug in the Binance Bridge that verified proofs allowing attackers to forge arbitrary messages.,
While the attacker only forged two messages, the researcher claimed that the damage could have been ...
|
More Chain Games (#CHAIN) News
|
|
|
Crypto Coin Prices and News 