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The Zilliqa blockchain network today encountered a significant technical disruption, impacting its block production.  As the technical team at Zilliqa delves into the issue to pinpoint and rectify the cause, the company has issued a cautionary recommendation to halt all deposits and withdrawals on the network. Block production is a vital process for the continuity and stability of any blockchain network. It involves the creation of new blocks that record and validate transactions. An interruption in this process can lead to delays in transaction processing and potentially impact the network’s overall functionality. Dear community, We are writing to inform you of a critical situation currently impacting the Zilliqa block chain network. The network is presently experiencing a technical issue that has resulted in an interruption to block production . This unexpected challenge is our top… — Zilliqa (@zilliqa) December 18, 2023 You might also like: HNT surges ...

The Committee on Payment and Market Infrastructures has highlighted both the potential and the substantial challenges of adopting stablecoins in global cross-border payments, underscoring their current non-compliance with international regulations. Stablecoins, digital currencies pegged to other assets like fiat currencies, have been touted for their potential to enhance transaction speeds and reduce costs for cross-border payments. However, a recent report by the Committee on Payment and Market Infrastructures (CPMI) explores the capacity of stablecoins in fulfilling these expectations while being fully compliant with regulatory standards. The CPMI, a global standard-setting body under the Bank for International Settlements, sheds light on the various challenges and intricacies involved in integrating stablecoins into the global financial framework. Despite the potential benefits, the report underscores that potential drawbacks could significantly outweigh the advantages, highl...

While the Bitcoin hash rate briefly touches new highs, Bitcoin Ordinals are a contributing factor to daily transactions exceeding 500,000. A lot of Bitcoin (BTC) miners just came online. The Bitcoin hash rate, or the total computing power of the Bitcoin blockchain, just soared to 439 exahash per second (EH/s). Moreover, the number of transactions the Bitcoin blockchain processed in one day exceeded 682,000, as over 300,000 Ordinals were inscribed on the Bitcoin blockchain.  The hashrate, in orange, soars to 439 EH/s. Source: timechainstats. These milestones demonstrate the network's strength and stability, as well as the increasing adoption of Bitcoin for various use cases, all while the banking sector in the United States fractures. The Bitcoin hash rate, a measure of the computational power dedicated to securing the blockchain, has reached an all-time high, signifying increased confidence in the network's security. The hash rate is a crucial indicator of the network's he...