The infamous “fat-finger” error is a humbling reminder that the crypto sector is still vulnerable to human goof-ups, no matter how futuristic crypto feels. A fat-finger error is a mistake in which a user accidentally inputs incorrect information when sending/selling/receiving crypto, typically due to a typing mistake. This can result in massive losses or miscalculations….
Decentralized Oracle provider Chainlink will introduce a new blockchain payment solution for financial institutions. In collaboration with Swift, a global messaging network used by banks and institutions, Chainlink revealed a new integration enabling institutions to use Swift messages to interact with blockchain technology. The integration will enable digital asset settlement with minimal adjustments to existing…
Vietnam has officially released a National Blockchain Strategy. The Ministry of Information and Communications (MIC) announced the strategy on Oct. 23, outlining several key objectives to develop the country’s blockchain capabilities. It aims to develop blockchain technology, establish relevant legal frameworks and promote innovation in what it calls “the Fourth Industrial Revolution.” Key action areas…
What is Bitcoin mining? Bitcoin mining is the process used to validate transactions on the network and introduce new Bitcoin into circulation. As of July 2024, around 19.5 million Bitcoin were in circulation. However, the cryptocurrency is programmed to have a total supply of 21 million coins, with the remaining 1.5 million Bitcoin yet to enter into…
Chainlink, an Ethereum-based decentralized blockchain oracle network, has launched new technology to help financial institutions maintain data privacy while transacting across blockchain networks. On Oct. 22, Chainlink introduced two new privacy-preserving capabilities targeting financial institutions that want to use blockchain applications while ensuring complete end-to-end privacy. The newly launched privacy features include the Blockchain Privacy Manager, which…
Cryptocurrency exchanges Binance and Crypto.com are losing market share to smaller competitors as decentralized exchanges (DEXs) gain momentum. Binance, the world’s biggest crypto exchange, saw a 13% year-over-year decline in spot trading volume from 52.5% in October 2023 to its current 39.5% market share. Mirroring its declining spot trading, Binance’s crypto derivatives market share also…
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