Developers behind failed stablecoin TerraUSD have voted to abandon the token in favor of creating a new blockchain and digital asset weeks after the cryptocurrency collapsed. Under the recovery plan for the Terra ecosystem, developers will create a new Terra blockchain with a revived Luna token.Unlike most other major stablecoins which are backed by other assets, TerraUSD's value was derived by co...

Aban Offshore, the debt-ridden and loss-making offshore drilling services provider headquartered in Chennai, has entered into an agreement with ADES Saudi, to sell four of its deep driller rigs, in a bid to pare a portion of the debt it has on its books.The sale deal wth ADES Saudi, which is in the business of providing oil field services, will fetch the beleaguered company an amount close to Rs 8...

New Delhi: SportZchain is equipping fans with Sportz tokens and exclusive NFTs as the blockchain-powered platform as tied up with the Pro Kabaddi team Dabang Delhi.As part of this collaboration, SportZchain’s logo will be endorsed on the sleeves of Dabang Delhi players during their upcoming matches in the Pro Kabaddi League (PKL).Strengthening its core squad, the Delhi franchise of Pro Kabaddi L...

The counting of votes for the West Bengal bypoll elections will begin at 8 am in Kolkata on Sunday. The Bhabanipur bypoll will decide the fate of Mamata Banerjee whether she will remain the state's chief minister or not. Bengal's Bhabanipur assembly seat, from where Chief Minister Banerjee had contested, recorded a voter turnout of 57.09% on September 30.During the West Bengal Assembly Election 20...

Around 7.57 per cent polling was recorded in the by-election to the Bhabanipur assembly constituency, where West Bengal Chief Minister Mamata Banerjee is contesting, till 9 am on Thursday, Election Commission sources said.During the first two hours, around 16.32 and 17.51 per cent voting was recorded in Samserganj and Jangipur seats in Murshidabad district, they said.Polling began at 7 am amid tig...