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Canto chain targets fix amid 33-hour outage caused by consensus issue

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The Canto blockchain is working to address and rectify issues following a significant 33-hour outage caused by a consensus protocol malfunction. The extended downtime disrupted network operations and affected transactions across the Canto ecosystem.

The outage began when a consensus issue triggered a halt in block production, preventing new transactions from being processed and causing a backlog. The technical team quickly identified the problem as a flaw in the blockchain’s consensus mechanism, which is responsible for validating and agreeing on the state of the ledger.

Canto’s developers are actively engaged in resolving the issue and restoring normal network functionality. The team has outlined a series of corrective measures, including updates to the consensus protocol and additional testing to prevent future disruptions. The goal is to enhance the system’s resilience and reliability.

The impact of the outage has been significant, affecting decentralized applications (dApps) and other services reliant on the Canto blockchain. Users have experienced delays and interruptions, prompting a response from the Canto team to address concerns and ensure network stability.

The Canto community has expressed a mix of frustration and support, with many awaiting updates on the resolution and future prevention strategies. The incident underscores the challenges faced by blockchain networks in maintaining consistent operations and highlights the importance of robust consensus mechanisms.

As the Canto team works to fix the issues and implement improvements, the focus will be on regaining user confidence and ensuring the network’s long-term stability. Industry observers will be monitoring the situation closely, as the resolution and lessons learned could influence best practices for other blockchain projects.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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