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Tag: Polkadot

Polkadot is a blockchain network protocol that allows arbitrary data, and not just tokens, to be transferred across different blockchains networks.

The Web3 Foundation joins the project that seeks new sources of income for the media

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The world of academia, journalism, and technology join forces to study new models of sustainability and credibility for the media industryThe project is supported by large and recognized organizations such as Wan-Ifra, Oxford Internet Institute, and the Web3 Foundation Madrid, August 29, 2022.- The Swiss-based Web3 Foundation, whose flagship project is the Polkadot blockchain protocol, is pleased to announce its support...

Blockchain, Polkadot, Press release, Web3

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Acala repegs

Acala repegs

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Misconfiguration of the network’s iBTC/aUSD liquidity pool enabled hackers to produce 1.28 billion stablecoins, reducing its value. Hackers exploited a newly installed liquidity pool weakness to make 1.28 billion tokens.  The site burned the hacker-created stablecoin supply on Tuesday, putting its price back near to $1. The network suspended operations following an emergency vote on governance due to the aUSD drop. As recompense,...

$aUSD, Altcoins, Blockchain, Cryptocurrencies, Front page, News, Polkadot

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acala

Another depeg: Acala reveals 3 billion aUSD incorrectly minted

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After a setup issue in a recently created liquidity pool, Acala still tracks incorrectly generated coins as the dust settles from another decentralized financial hack. The 16 wallet addresses linked to the exploit were the subject of continuing trace reports, according to the developers. The network’s native stablecoin, Acala Dollar ($aUSD), lost its peg to the dollar on Saturday when a fault prompted the network to unintentionally...

$aUSD, Front page, Hacks, News, Polkadot

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Crypto Market – Aug 11, 2022

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Today’s market capitalization of all cryptocurrencies is $1.2 trillion, down -1.35% from the previous day and -36.69% from a year ago. Currently, the market capitalization of Bitcoin (BTC) is $459 billion, giving it dominance of 38.32%. Stablecoins’ market value is now $154 billion, accounting for 12.84% of the whole cryptocurrency market cap. Market Cap: $2,495,765,722,978.6124h Vol: $99,209,642,989.78BTC Dominance: 50.73% Over...

$AVAX, $SOL, Bitcoin, Cardano, Cryptocurrencies, Ethereum, Polkadot

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Crypto Market – Aug 4, 2022

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Today’s worldwide cryptocurrency market valuation is $1.11 trillion, a decrease of 1.58 percent in the previous 24 hours and a decrease of 34.54 percent over the last year. Currently, Bitcoin (BTC) has a market capitalization of $437 billion, a 39.41% share of the whole cryptocurrency market. At $153 billion, Stablecoins have a 13.79 percent stake in the overall cryptocurrency market capital. Market Cap: $2,495,765,722,978.6124h...

$AVAX, $SOL, Bitcoin, Cryptocurrencies, Ethereum, Polkadot

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