The Ronin Network is developed by Sky Mavis as a bridge for crypto transfer between blockchain and gaming. It was breached by malicious actors who extracted 173,600 Ether and 25.5 million USD Coin units amounting to $625 million (roughly Rs. 4,729 crore). A legal investigation has been launched in the case and the stolen funds are being traced.

Major digital tokens traded on a lacklustre note through Tuesday and early Wednesday, with Bitcoin holding ground just below its highest this year, touched a day earlier.

The Polygon blockchain network is being used by the Maharashtrian government to issue caste certificates in the Etapalli village and Gadchiroli district. The step is aimed at curbing the “menace of forgeries” and “identify the right beneficiaries for delivery of government schemes”. Polygon emerged as the chosen blockchain because it is an Ethereum scaling and…

A school in Dubai called “Citizens School” has become the first of its kind in the Middle East to accept Bitcoin and Ether as modes of payment for tuition fees.

Enforcement Directorate (ED) on Tuesday said it has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore in lieu of providing crypto currency to them.

Indian automobile giant Mahindra & Mahindra has said that it is set on making its debut in the non-fungible tokens (NFTs) space with the launch of a set of tokens to be based on the Thar — the company’s premium off-road sports utility vehicle.