#network

The company behind the popular P2E game Axie Infinity, Sky Mavis, has announced a partnership with the NFT collection CyberKongz. Their joint venture will entail developing a new game on the EVM-compatible blockchain Ronin. While the details of the new venture are yet to be disclosed, it has been revealed that CyberKongz's game, Play & Kollect, will also be migrated to the Ronin network.

WhiteBIT has just announced that they've taken a snapshot and closed Zealy quests. The launch date for the WB Network's mainnet is still under wraps, but it might be coming soon. Right now, the company is busy checking user activity leading up to the snapshot. So, let's keep our eyes peeled for the airdrop!

The service is built on the Stellar blockchain and activated by the MoneyGram retail agent network, allowing the exchange's clients to convert digital currency into cash. You can exchange USDC for hryvnias, dollars, and euros at respective MoneyGram branches throughout Ukraine. Currently, the service is available only to users residing in Ukraine who have completed KYC verification with Ukrainian documents. There are no fees for this service until June 2024! For the user, the entire process consists of several steps, which are thoroughly described in the comprehensive exchange instructions on the WhiteBIT website.

EraLend, a cryptocurrency lending protocol, was victimized by a re-entrancy attack, leading to substantial losses of $3.4 million. The project's team confirmed via Twitter that the threat has been contained, and all loan transactions have been halted. As a precautionary measure, it's currently recommended to avoid making USDC deposits.

The Solana Foundation has released a report emphasizing enhanced performance metrics of its blockchain. These cover a range of aspects, including block time, TPS, and network uptime. Solana experienced only one outage in Q1 2023. Since February 25, the network has been running seamlessly. According to Dune Analytics, Solana can handle around 3780 transactions per second.

On the morning of July 13, Alex Mashinsky, the former CEO of the now-bankrupt crypto lender Celsius, was reportedly arrested. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day. The company’s token dropped 6% upon hearing the news. The former CEO was arrested following an investigation into the company’s collapse. Celsius Network initiated the process of filing for bankruptcy on July 14 of the previous year. Investigators at the Commodity Futures Trading Commission found Mashinsky guilty of breaking numerous U.S. regulations prior to the company’s implosion in 2022. The investigation into the troubled crypto lender began after the New York Attorney General sued Mashinsky on January 5. The lawsuit alleged that the former CEO misled investors and caused billions of dollars in losses.