Governance
Top tech news stories today: March 12, 2024
From Ubisoft joining the XPLA blockchain to Samsung’s new midrange Galaxy A55, dive into the latest developments in technology.
Headline
From Ubisoft joining the XPLA blockchain to Samsung’s new midrange Galaxy A55, dive into the latest developments in technology.
Context
Welcome to daily tech news roundup, delivering the latest developments from the world of technology. We bring you significant updates from various sectors, encompassing blockchain, cryptocurrency, cybersecurity, and more. Ubisoft, known for gaming hits like Assassin’s Creed, has joined XPLA blockchain as a node validator, aligning with its Web3 pursuits. XPLA, a Tendermint-based blockchain, aims to revolutionise gaming towards a “play to own” model. ( Cointelegraph )
Evidence
Pending intelligence enrichment.
Analysis
Bitfarms, a Canadian bitcoin miner, exercised an option to acquire 51,908 Bitmain ASIC miners, anticipating hardware price hikes. This move aims to boost the firm’s hash rate to 21 EH/s, securing its position in bitcoin mining. Bitfarms also announced a $375 million equity offering program. ( Cointelegraph ) Tether, a leading stablecoin provider, extends its USDT token to the Celo network, known for its efficient payment solutions. This integration leverages Celo’s fast, low-cost transactions, with fees as low as $0.001, enabling microtransactions. ( Cointelegraph ) Unizen, a DeFi protocol, pledges to reimburse users for losses incurred in a recent compromise, aiming for swift resolution. The breach, flagged by PeckShield, led to approximately $2.1 million in lost funds. Unizen promptly engaged security measures and offered a 20% bounty for the return of remaining stolen funds while collaborating with authorities. ( Cointelegraph ) Binance Pay kicks off March with enticing promotions, featuring up to 5,070 ACH tokens in rewards and up to 50% discounts. The campaign, running from March 11 to 31, aims to boost adoption of Binance’s payment technology. ( Blockchain.News )
Key Points
- 1. Ubisoft is now a validator on the XPLA blockchain
- 2. Bitcoin miner Bitfarms purchases additional 51,908 ASICs amid bull market
- 3. Tether stablecoin USDT is coming to Celo blockchain
- 4. DeFi protocol Unizen to provide ‘immediate reimbursement’ after $2.1M hack
- 5. Binance Pay launches March promotions with ACH rewards and discounts
Actions
Pending intelligence enrichment.
