Prosecutors have compared Avraham “Avi” Eisenberg’s suspected $110 million swindle of the Solana decentralized exchange Mango Markets to a classic fake diamond ring scheme in simpler terms. According to a report from Inner City Press X posted on April 9th, Assistant Attorney Tian Huang of the United States made this statement during the opening arguments … Read more
To create trust and minimize potential risks of scams in the development of decentralized applications (DApps), it is advisable for developers to design their backing smart contracts as immutable. This means that once deployed, these smart contracts cannot be altered. By adhering to this approach, developers can reduce their liability in cases of fraudulent activities … Read more
Validators on the Solana network have put forth a proposal to reduce the delay in processing consensus votes. This potential improvement may lead to faster transaction times on the blockchain. On April 9, a “Prompt Voting Incentives” plan gained approval on the Solana network with an impressive 98% affirmative votes. Changing the incentives for validators … Read more
TON flipped ADA to become the ninth-largest asset by market cap. ADA plunged 15% in the last month, and barely recorded any noticeable increase since 2024 began. The market capitalization rankings of cryptocurrencies, with Cardano [ADA] included, were in danger of relegating it from the top 10. Another coin surpassed Cardano Telegram-associated Toncoin (TON) experienced … Read more
BTC’s price rose by 69% in Q1. However, during the same period, its blockchain witnessed a decline in activity. During the first quarter, there was a noticeable decrease in Bitcoin (BTC) network activity, according to a recent study by Messari, even as the value of its cryptocurrency coins surged. According to the Q1 2024 report … Read more
Demand for ENA increased as collateralized BTC and ETH surpassed $1.40 billion. On-chain metrics supported a price increase despite issues with USDe’s APY. ENA, the native token for the dollar savings platform called Ethena, entered the market with a strong push over the past week. The value of ENA has experienced a significant surge, rising … Read more