Network Financial News

Osmosis, the largest decentralized exchange (DEX) on Cosmos, will be bringing Bitcoin (BTC) to the namesake inter-blockchain communications (IBC) protocol together with Nomic and Kujira.

OP Labs, the developer of the Optimism network, launched a testnet version of its fault-proof system, according to an Oct. 3 blog post. Once it completes testing, it will allow for “a more decentralized and efficient Superchain,” the post stated. The new system is currently deployed to the Optimism Goerli network.

The bear has claimed more victims: blockchain and smart-contract platform Chia Network announced today that it has fired nearly 30 of its staff, at the time the company is making moves to go public in the US. 

During an October 2 hearing regarding the approval of its reorganization plan, the bankrupt crypto lender, Celsius Network, informed a judge of its intention to initiate repayments to its customers by the end of the year.

Major League Baseball’s Houston Astros and the NBA’s Houston Rockets announced on Friday that they’ve acquired AT&T SportsNet Southwest from Warner Bros

London Underground workers and train drivers across the rail networks are gearing up for strikes in September and October. The strikes are part of an ongoing dispute over pay and working conditions, led by the RMT (Rail, Maritime and Transport union) and ASLEF (The Associated Society of Locomotive Engineers and Firemen). ASLEF represents train drivers, while RMT represents a wide range of rail industry workers, including station staff and guards. Who and When: RMT members working on the London Underground are scheduled to strike on the following dates, affecting thousands of Tube staff:

Google Cloud joins Polygon’s Proof-of-Stake (PoS) network as one of its decentralized validators.

Polygon Labs announced on Sep. 29 that Google Cloud has joined the Polygon PoS network as a validator. 

Creditcoin, a pioneering platform for real-world asset innovations that enables unbanked consumers to build a credit history on Web3, has announced the launch of the latest upgrade of its mainnet. This new release upgrades the RWA-focused blockchain consensus to nominated proof-of-stake (NPoS) and aims to improve on-chain liquidity for both borrowers and fintech lenders, emphasizing the principles of auditability, transparency and trust.

Ministry of Information and Broadcasting has initiated a series of crucial amendments to the Cable Television Network Rules, 1994, aimed at streamlining the Multi-System Operator (MSO) registration process and promoting infrastructure sharing with broadband service providers to expand internet access across the nation. According to the press release by the Ministry of Information and Broadcasting, MSOs are now required to apply for registration or the renewal of registration online, utilizing the Broadcast Seva Portal of the Ministry of Information and Broadcasting. This move towards digital processes aligns with the government's commitment to facilitating business operations and reducing bureaucratic hurdles. MSO registrations will now be granted or renewed for a more extended period, specifically for ten years.

₹1 lakh for renewal. Applications for renewal should be submitted between two to seven months ahead of the current registration’s expiration.

Key Takeaways

Mixin Network, the Beleaguered cross-chain transactional network for digital assets, which suffered an attack on Sept. 23 wiping $200 million, has offered a bug bounty to the exploiter on Wednesday.

Mixin Network, a decentralized cross-chain protocol, in a message to the hacker behind the $200 million exploit on Sept. 23, has offered a $20-million bug bounty for the return of the remaining funds.

Key Takeaways

Layer 2 network Optimism announced the third airdrop of OP tokens to 31,870 qualified addresses aimed at bolstering community participation.

(Reuters) — Pilots at Australia's flag carrier Qantas Airways' unit Network Aviation have voted in favour of taking protected industrial action in a ballot that closed on Monday night, the Australian Federation of Air Pilots told Reuters on Tuesday.

Hong Kong-based decentralized cross-chain transfer protocol Mixin Network is drawing controversy over the disclosure of a $200 million hack on Sept. 25.

Mixin Network's founder Feng Xiaodong addressed the $200 million hack in a livestream saying that they could initially ensure the security of only half of its users' assets.

Decentralized peer-to-peer network Mixin Network has lost approximately $200 million in a hack involving the compromise of the database of a third-party cloud service provider.

Mixin Network has revealed that the database of its cloud service provider was attacked on September 23, resulting in the loss of a substantial sum of assets on the mainnet.