Crypto News

TON Blockchain Resumes After 7 hour Downtime

In a significant event for the blockchain community, The Open Network (TON) blockchain temporarily halted operations this morning, resuming after over seven hours of downtime. The network, known for its speed and scalability, experienced a critical disruption due to an unprecedented network overload linked to the distribution of DOGS tokens. Impact on Exchanges and Recovery …

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Realio Network Urges Users to Secure Accounts After Phishing Alert

In response to a recent phishing alert, Realio Network, a blockchain platform focused on real-world asset tokenization, has issued a warning to its users. This alert, shared via X by @realio_network, flagged unusual login activities that indicate a potential security breach. The alert highlighted suspicious login attempts, prompting Realio Network to advise immediate action. Users …

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Dubai Recognizes Crypto as Legal Form of Salary Payment

In a landmark ruling, Dubai’s Court of First Instance has officially recognized cryptocurrency as a valid form of salary payment, marking a significant shift in the UAE’s financial landscape. This decision, revealed on August 16, 2024, positions Dubai as a global leader in the adoption of digital currencies for everyday transactions. Case 1739 of 2024: …

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WazirX Plans to Repay $230 Million Worth Losses

WazirX, the leading cryptocurrency exchange in India, has unveiled its strategy to address the $230 million loss incurred following a major hack on its platform. The WazirX plans, after weeks of deploying a bounty program to recover the stolen funds, has finally announced its approach to compensate affected users equitably. Socialized Loss Strategy WazirX plans …

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Institutional Optimism Surges with Ethereum Spot ETFs

Institutional optimism regarding Ethereum has surged with news of potential Ethereum Spot Exchange-Traded Funds (ETFs) on the horizon. Unlike retail investors, institutional investors are showing greater enthusiasm for the crypto asset. This heightened institutional optimism can be attributed to several factors. This includes higher trading volumes that signal a strong belief in Ethereum’s long-term potential. …

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