Elrond
ICI Bucharest to use Elrond blockchain to develop decentralized domains and an institutional NFT marketplace
On Tuesday, Romania’s National Institute for Research and Development In Informatics, also known as ICI Bucharest (ICI), announced that it would be building an institutional nonfungible tokens, or NFTs, marketplace and a decentralized Domain Name System. Both services will be built on the Elrond (EGLD) blockchain, which is known for its ability to speed up transactions via sharding. ICI was founded in 1970 and is currently the most institution for government-sponsored research in the field of information technology in Romania. It currently supervises the Romanian National Register for Domain Names. As told by Elrond, the initiatives would be the first of their kind within the European Union. One use for the NFT marketplace would potentially be to digitize, access, transfer and ...
Maiar decentralized crypto exchange goes offline after bug discovery
Minutes before 12 a.m. UTC on June 6, the CEO and co-founder of the Elrond Network, Beniamin Mincu, tweeted that he and his team were “investigating a set of suspicious activities” on the Maiar decentralized crypto exchange (DEX). Soon after the exchange was taken offline with Mincu reporting the issue was identified and an “emergency fix” was being implemented. In a Twitter thread posted almost 24 hours later around 11 p.m. UTC on June 6, Mincu said a potentially critical bug was identified which opened “an exploit area that we simply had to address and mitigate immediately.” The suspicious activities have been possibly identified and explained in a Twitter thread by pseudonymous on-chain analyst “Foudres” who revealed the potential attacker deployed a smart contract that someho...
Top 5 cryptocurrencies to watch this week: BTC, LUNA, AVAX, ETC, EGLD
Bitcoin (BTC) rose above $42,000 on March 19 but the bulls continue to face a strong challenge from the bears at higher levels. Although Bitcoin’s price has recovered from $37,578 on March 13, Cointelegraph market analyst Marcel Pechman highlighted that the long-to-short net ratio of top traders across three major exchanges shows that professional traders have not been buying aggressively. But while Bitcoin struggles at higher levels, select altcoins are showing strength. Twitter account BTCFuel anticipates that altcoins could be entering “the final leg up of the hype phase” and may peak in the Summer. Crypto market data daily view. Source: Coin360 Glassnode data shows that investors have withdrawn roughly 550,000 Ether (ETH) from centralized exchanges year-to-date. Due to the outflo...
UNTOLD Festival Strikes Creative Partnership With $1 Billion Blockchain Unicorn Elrond
UNTOLD Festival has confirmed a landmark partnership with Elrond, an internet-scale blockchain giant. The two Romanian powerhouses will join forces for the 2021 festival set to take place from Thursday, September 9th to Sunday, September 12th. The lineup for the event includes performances from David Guetta, Martin Garrix, Dimitri Vegas & Like Mike, The Script, Tyga, and many more. According to a press release issued by Elrond, the creative collaboration will offer Untold attendees the chance to experience “a special ‘NFT moment,'” which organizers maintain is one-of-a-kind blockchain-music crossover. Each attendee will secure their own NFT via the Maiar marketplace. They’ll also be able to purchase tickets with EGLD, the cryptocurrency that...
