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Wintermute Loses $160 Million in Latest Hacking Blow to DeFi Sector
21.9.2022
A hacking attack targeting crypto market maker Wintermute has resulted in the decentralized finance (DeFi) industry player losing some $160m to the attackers.
"We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected,” Evgeny Gaevoy, the company’s...
Exploring the Most Talked about Crypto Presales in 2022: BudBlockz, Tamadoge & Big Eyes
20.9.2022
Since the crypto space is swept with the emergence of thousands of presale events, when some of them steal the spotlight, this might be indicative of their true potential to grow into viable and robust projects. Among these, three promising blockchain initiatives emerge: BudBlockz, Tamadoge,...
FTX Builds $1 billion War Chest to Buy up Distressed Crypto and other Assets
20.9.2022
CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried (SBF) has revealed that the company has built an estimated $1 billion war chest to continue deploying capital in order to bail out distressed crypto firms and buy their assets. ...
Read More: FTX Builds $1 billion War Chest...
Collaboration Between Social3 and Shardeum
20.9.2022
The collaboration with Shardeum was revealed, and on their website, they have posted their present job positions. The very first EVM-based L1 in the globe, Shardeum utilizes sharding to enhance TPS with each new node added. They’re hiring right now: Engineer for DevOps and DevRel. With...
Coinbase Tweaks Fees to ‘Account for Changes in Global Trading Volumes‘
20.9.2022
U.S. crypto exchange Coinbase is updating its fee structure to adapt to what the company describes as “changes in global crypto trading volumes and asset prices”. The platform is lowering the monthly trading volume prerequisite to qualify for the mid and upper ties of its fee schedule, increasing...
16% of Americans have Invested, Traded or Used Cryptocurrency
20.9.2022
A study conducted by Pew Research Center, a Washington DC-based non-partisan think tank, has found that approximately 16% of American adults have invested in, traded, or used cryptocurrency.
In its report, Pew Research highlighted that the crypto market turmoil has taken its toll on this...
Ripple Says XRP Owners Have no Rights or Contract So Token is Not A Security
20.9.2022
Source: AdobeStock / MigrenArt
As US blockchain company Ripple continues its legal battle against the US Securities and Exchange Commission (SEC), the fintech intends to build its legal strategy on a claim that its token, Ripple (XRP), cannot...
One of S Korea’s Biggest Card Issuers Launches Blockchain-powered platform to Help Customers Spot Fake Goods
19.9.2022
Shinhan Card, South Korea's biggest credit card company and a global top-five credit card issuer, has launched a blockchain-powered digital warranty service used to certify the authenticity of products.
South Korean news outlet Money Today has reported that the warranty service is first coming...
What Went Wrong That Led to the Binance Helium $22 Million Accounting Mishap
19.9.2022
Four Binance.us customers have unexpectedly received a total of almost $22 million in cryptocurrency, after the crypto-exchange erroneously credited holders of Helium's new MOBILE token with the more valuable helium (HNT) token instead. It appears that most of the mistakenly credited HNT has been...
Crypto Prices Are Crashing Because of What’s Coming on Wednesday
19.9.2022
The week is off with bulk of the cryptocurrency market trading in the red, which is largely attributed to the upcoming rate hike announcement from the U.S. Federal Reserve Bank.
According to a report by Yahoo Finance, Fed officials are expected to deliver a third-straight 75-basis-point increase...
Joseph Lubin’s Infura Plans to Create an Amazon Web Services for Ethereum Nodes
19.9.2022
In response to the most complex upgrade to occur to Ethereum up to now, infrastructure provider Infura is developing a decentralized version of its service that provides scalable Ethereum infrastructure and Web3 developer application programing interfaces (APIs). The company is controlled by Joseph...
Ripple, SEC Seek Summary Judgement to End Case Soon and Why That’s Likely Bullish for XRP
19.9.2022
In another installment of the long-term legal battle pitting U.S. blockchain company Ripple against the U.S. Securities and Exchange Commission (SEC), both entities have asked for a swift judgment in the agency’s case against the company. ...
Read More: Ripple, SEC Seek Summary Judgement to...
Is the Biden Crypto Framework Bullish or Bearish for Crypto Prices?
17.9.2022
The administration of President Joe Biden has recently released a regulatory framework for digital assets, but key participants in the space do not believe it adequate.
A fact sheet describing the steps taken to regulate the cryptocurrency industry was made public by the White House on Friday....
Wall Street Backs New ‘Low Fees’ Crypto Exchange - Is This the Future and Should You Be Worried?
16.9.2022
A consortium of leading Wall Street broker-dealers, global market makers, and venture capital firms have announced the launch of a first-of-its-kind crypto exchange called EDX Markets (EDXM) that will be operated like a traditional stock exchange. ...
Read More: Wall Street Backs New ‘Low Fees’...
Coinbase U-Turns on Politics With New Tool to Promote Crypto-Friendly Politicians
16.9.2022
Coinbase has launched a new tool on its app that enables users to learn about how their elected officials view cryptocurrency. The tool is intended to help the exchange's customers reach out to US lawmakers and potentially exert an influence on how they vote with regards to crypto-...
CoinShares’ Meltem Demirors Tires of Crypto In-fighting, Sees Evolutionary Crypto Development Ahead
15.9.2022
Meltem Demirors, the chief strategy officer at publicly traded digital asset manager CoinShares, has called for the cryptocurrency industry to put its house in order and embrace regulations.
Speaking on the Chain Reaction podcast, she opined that the infighting by crypto market participants...
BNB Smart Chain Teams Up With Google Cloud to Accelerate Web3 Development
15.9.2022
BNB Smart Chain, the blockchain developed by major crypto exchange Binance, has announced a strategic partnership with Google Cloud, the cloud computing services arm of multinational tech conglomerate Google. ...
Read More: BNB Smart Chain Teams Up With Google Cloud to Accelerate Web3 Development
Now US Sanctions Addresses Associated With Iranian Military - Who’s Next?
15.9.2022
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has placed sanctions on 10 individuals and two entities affiliated with an arm of the Iranian armed forces called the Islamic Revolutionary Guard Corps (IRGC).
Per a press release, all properties fully or partially owned...
CZ Seals the Binance Love Affair With France - Says Paris is ‘Financial Hub for Crypto’ in Europe
15.9.2022
France and the leading cryptocurrency exchange Binance have continued to deepen their relationship through collaboration. Changpeng Zhao, founder and CEO of Binance, has described France's capital Paris as the financial hub of crypto in Europe. ...
Read More: CZ Seals the Binance Love Affair With...
Binance Grows Fast in India as Home Market Exchanges Forced to Implement 1% Tax
15.9.2022
India’s 1% tax on crypto transactions is causing the country’s crypto traders to flee local crypto exchanges, but some major players are benefiting from this trend. For Binance, the controversial levy has generated additional 429,000 downloads of the exchange’s app last August, its highest result...