kin
Kik Survives Legal Battle With the SEC, Kin Crypto to Continue Trading on Exchanges
The Kin Foundation has disclosed that both itself and the cryptocurrency has survived the dispute with the US SEC.
CoinCodex and CoinGecko Break CoinMarketCap's Monopoly on Cryptocurrency Rankings and Price Tracking
Since the release of Bitcoin in 2009, the cryptocurrency industry has continued to evolve to the extent that major banks like JP Morgan Chase have started supporting crypto businesses. This trend has created avenues for various cryptocurrency comparison sites that list prices, market cap, trading volume, and coins in real-time. Nevertheless, this field is no longer a one-stop shop because CoinGecko and CoinCodex have come up, and they are giving CoinMarketCap a run for its money.
Coming Soon: Big Bass Halloween 2 Online Slot from Pragmatic Play
Here is a sneak peek at the upcoming new Big Bass: Halloween 2 online slot machine from Pragmatic Play and Reel Kingdom.
Ethereum 2.0’s Launch Is 2 Weeks Away, but Only 18% of ETH Has Been Staked
With Ethereum 2.0’s first phase (Phase 0) set to launch on December 1, it appears that there is still a lot of Ether (ETH) missing for the upgrade to happen.
UK Media Mogul Calls DeFi a Revolution Against Corrupt Global Banking System
Alexander Lebedev, the billionaire UK media mogul and former banker has endorsed the revolutionary power of DeFi against a corrupt global banking system.
Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies
Ethereum's co-founder, Vitalik Buterin, reflects on Ethereum's protocol enhancement strategies in a recent blog post, weighing the merits of a minimalistic approach versus enshrining more features into the core protocol to address various user needs and system efficiencies. The discussion encompasses account abstraction challenges, the shift towards enshrinement, and the exploration of specific enshrinement targets like ZK-EVMs, proposer-builder separation, private mempools, liquid staking, and precompiles.
Germany’s Deutsche Telekom Rolls Out Ethereum Validator Node, Staking Support
Deutsche Telekom is the latest institution to offer Ethereum staking services to its customers.
Binance to Launche Pixels (PIXEL) on Launchpool
Binance announces the launch of Pixels (PIXEL) on its Launchpool, a social web3 game on the Ronin Network, offering BNB and FDUSD holders a unique opportunity to farm PIXEL tokens before its trading debut.
Argentina Believes in Bitcoin and Cryptocurrency as Most Effective Hedge Against Inflation, Paxful Survey
Over 70% of Argentines see cryptocurrency, particularly Bitcoin as the most effective way to hedge against inflation and store financial value
Ethereum 2.0 Deposit Contract Hits ATH as Investments Heightens
More investments continue trickling into Ethereum 2.0 deposit contract, given that the number of staked ETH is scaling the heights.
Qatar to Explore CBDC
Qatar is exploring use cases of introducing a CBDC, including all aspects, the pros and cons of the digital currency as well as digital banking.
Ransomware Gang Evil Corp Group Strikes Again with New Ransomware WastedLocker
A ransomware gang called Evil Corp Group is back in action again, after having been in retirement for an undetermined period of time. The malware hacker group strikes again by developing a ransom software dubbed WastedLocker.
Staking Rewards Raises $3.2M Equity from Crypto's Largest Funds Ecosystem
Crypto data aggregation startup, Staking Rewards says it has raised $3.2 million from the biggest fund managers in the cryptocurrency ecosystem.
Oscar Actor Anthony Hopkins's New Production "Zero Contact" to Premiere on New NFT Platform Vuele
The famous Oscar actor Anthony Hopkins' new film called "Zero Touch" will premiere on the new platform Vuele in the form of Non-Fungible Tokens (NFTs). It will be the first feature-length movie sold in the form of NFT.
Thailand SEC Considers Ban on Crypto Staking and Lending
Thailand's SEC is seeking public comments on a draft regulation that would ban virtual asset service providers from offering or engaging in any crypto staking or lending activities.
Spike in COVID-19 Cybercrime Is Stimulating Mass Adoption of Blockchain in Asia
With COVID-19 forcing businesses to adopt digital means of transacting, there is a spike in blockchain adoption, Bitcoin price surge, rise in Bitcoin scams.
Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks
Scammers have been taking advantage of COVID-19 and the worldwide economic crisis revolving around it to retrieve personal information and phish data from Microsoft users.
Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach
Former Chief Security Officer at Uber, Joseph Sullivan, has been charged with allegedly paying $100K in Bitcoin to hackers to cover up a company data breach.
Cardano Will be “Extremely Competitive” in the DeFi Space With Upcoming Goguen Rollout
IOHK CEO Charles Hoskinson laid out the roadmap for September, including multiple performance improvements, and new wallet functions.
Cardano’s Charles Hoskinson Introduces New Feature to Enable Partial Staking in Multiple Stake Pools
IOHK CEO Charles Hoskinson recently introduced Cardano’s delegation portfolios and hardware updates for Cardano in a recent YouTube video.
Portal Debuts on Binance Launchpool for BNB and FDUSD Farming
Binance Launchpool has added cross-chain gaming startup Portal for a new farming event. Users can earn PORTAL tokens by staking BNB and FDUSD over 7 days starting February 22nd. PORTAL will then list on Binance against major trading pairs.
Banking Circle Adopts USDC as Currency on its Payment Rails
Banking Circle, an European Union (EU) regulated payments bank has announced that it has integrated the USD Coin (USDC) stablecoin into its payment rail
Binance Introduces OM Locked Staking with up to 19.9% APR
Binance launches OM Locked Staking, offering high APR of up to 19.9% to users.
OKX Announces Notcoin (NOT) Addition to Jumpstart Mining
OKX introduces Notcoin (NOT) to its Jumpstart Mining from 13th May, allowing TON holders to stake tokens and earn NOT in return.
Robinhood Crypto Launches Staking and Localized Apps for European Market
Robinhood Crypto introduces localized apps, staking, and updated Learn & Earn modules for European customers, strengthening its foothold in the region.
BitMEX Introduces Change of Mark Method for NOTUSDTK24
BitMEX announces the change of Mark Method for NOTUSDTK24 to Fair Price marking.
Ethereum (ETH) Ecosystem Evolves: Staking, DeFi, and Derivative Markets
Insights from the Coinbase x Glassnode Q2 report about the evolution of Ethereum's Ecosystem.
Composite Interest Rate Drops to 2.65% in April 2024, Announces HKMA
The Hong Kong Monetary Authority reveals a decrease in the composite interest rate for April 2024.
Analyzing Market Making Dynamics on Uniswap (UNI)
Explore the intricate dynamics of liquidity supply and demand on Uniswap.
NVIDIA Unveils Multi-Camera Tracking Workflow for Large Space Management
NVIDIA introduces a comprehensive multi-camera tracking workflow to enhance safety and optimize operations in large spaces.
NVIDIA Unveils Spectrum-X Ethernet Platform to Boost Generative AI Performance
NVIDIA launches Spectrum-X Ethernet platform, enhancing AI network performance.
Wormhole Introduces Governance Staking: A Comprehensive Guide
Wormhole reveals its governance staking mechanism for W token holders.
IBM Introduces Efficient LLM Benchmarking Method, Cutting Compute Costs by 99%
IBM's new benchmarking method drastically reduces costs and time for evaluating LLMs.
DeStore Highlights Success with Astar(ASTR) dApp Staking Program
DeStore shares insights on Astar's dApp staking program and the future of tokenized assets.
BitMEX Updates Mark Method for TKOUSDTZ24 to Fair Price Marking
BitMEX transitions TKOUSDTZ24 to Fair Price marking from June 6, integrating a robust index.
Mask Network Introduces Staking Season 1 for $MASK Token Holders
Mask Network announces the launch of its first staking program.
Hong Kong Monetary Authority Issues Warning on Fraudulent Banking Website
HKMA alerts public to fraudulent website linked to China CITIC Bank.
Astar (ASTR) Network Releases Comprehensive dApp Staking v3 User Guide
Astar Network unveils detailed guide for dApp Staking v3, covering staking, rewards, and token management.
Understanding stBNB: Liquid Staking with BNB on BNB Chain
Explore stBNB and its role in liquid staking within the BNB Chain ecosystem.
BitMEX Implements Fair Price Marking for IOUSDTM24 Contract
BitMEX updates IOUSDTM24 contract to Fair Price marking as of June 12, 2024.
Understanding LSD BNB: Enhancing Liquidity and Flexibility with BNB Staking
Learn about LSD BNB and its role in liquid staking within the BNB ecosystem.
Golem Network Initiates ETH Staking Tests to Support Ecosystem Growth
Golem Network begins ETH staking tests to bolster its decentralized computing platform and support the Ethereum ecosystem.
Staking BNB on ListaDAO: A Comprehensive Guide
Learn how to stake BNB on ListaDAO with this detailed guide. Enhance your DeFi experience with liquid staking and maximize your earnings.
BitMEX Updates Mark Method for ZKUSDTZ24 to Fair Price Marking
BitMEX changes the Mark Method for ZKUSDTZ24 to Fair Price marking, enhancing price accuracy by using a robust index.
Sui's Fastcrypto Library Sets New Speed Records in Cryptography
Sui's Fastcrypto library achieves new speed records in cryptographic functions through continuous benchmarking, as highlighted at the ICPE 2024 conference.
Understanding How to Stake on Tezos (XTZ) with the Paris Protocol Upgrade
Learn about staking on Tezos (XTZ) post-Paris protocol upgrade. Discover different staking scenarios, their consequences, and how to get started.
NVIDIA Air Integrates SONiC for Enhanced Network Testing
NVIDIA Air now supports SONiC, providing a free, scalable, and customizable network operating system for data centers.
HKMA Hosts Seminar on Banking Sector Support for SMEs
The HKMA, along with key banking associations, hosted a seminar to discuss support measures for SMEs, benefiting around 7,000 businesses with over HK$15 billion in credit.
Exploring the Growing Opportunities in BNB Staking
BNB staking offers multiple opportunities, from native on-chain staking to MEV solutions and liquidity staking. Discover the latest developments in BNB Chain's ecosystem.
Binance Introduces New Limited-Time Offers for Earn Wednesday
Binance unveils new offers every Wednesday for Simple Earn, ETH Staking, and Dual Investment, providing users with exclusive rewards.
Mashreq Bank Partners with Oracle to Enhance Global Operations
Mashreq Bank extends its partnership with Oracle Financial Services to modernize its core banking systems and support global expansion.
HKMA Releases June 2024 Quarterly Bulletin Highlighting Banking Sector Developments
The Hong Kong Monetary Authority (HKMA) published its June 2024 Quarterly Bulletin, focusing on recent banking sector developments.
Startups Leverage AI to Revolutionize Bioscience, Skin Care, and More
Startups worldwide are using AI to create groundbreaking tools in bioscience, health care, and skin care, according to Microsoft.
Gala Games Unveils Glenn Hero Card for The Walking Dead: Empires
Gala Games introduces the Glenn Hero Card for The Walking Dead: Empires. Available in Common and Ancient versions, the sale kicks off on June 28, 2024.
EOS Network Introduces 250M EOS Staking Initiative
The EOS Network Foundation has announced a new 250 million EOS staking program aimed at enhancing network participation and incentivizing ecosystem growth.
Astar Network (ASTR) and Binance Introduce Innovative Staking Mechanism
Astar Network partners with Binance to launch a unique staking mechanism, enhancing rewards for the Astar Community Treasury.
Exploring the Complexities of Staking on Ethereum
A comprehensive overview of Ethereum staking, covering types, risks, rewards, and future projections according to Galaxy.
Exploring the Complexities of Restaking: Risks and Rewards
Dive into the intricate world of restaking with a detailed analysis of its risks and rewards across Ethereum and Cosmos ecosystems.
Gala Games Hosts Town Hall for The Walking Dead: Empires
Gala Games is hosting a live Town Hall for The Walking Dead: Empires on July 17th at 11am PT. Players can join live or catch the replay.
New Hero Akane Joins The Walking Dead: Empires in Latest Hero Card Sale
Gala Games introduces Akane, a new hero in The Walking Dead: Empires. The hero card sale begins July 19th, offering various tiers and rarities.
EOS Network Foundation Unveils New Staking Rewards Structure
The EOS Network Foundation (ENF) introduces transformative changes to EOS staking rewards under the leadership of Yves La Rose.
The Walking Dead: Empires Announces New Hero Card Sales and Monthly Events
The Walking Dead: Empires introduces new Hero Card sales and monthly events, starting with Glenn. Players can participate in weekly events for rewards.
Hong Kong Monetary Authority Warns Against Unauthorized Banking Activities
The HKMA alerts the public about unauthorized banking activities by a firm operating without proper authorization in Hong Kong.
SSV Network Achieves Milestone with 1 Million ETH Staked Using DVT
SSV Network has successfully staked 1 million ETH, highlighting its journey and key integrations since its permissionless launch.
NVIDIA Utilizes Synthetic Data to Enhance Multi-Camera Tracking Accuracy
NVIDIA's synthetic data and AI models improve multi-camera tracking accuracy via fine-tuning, leveraging digital twins and the TAO toolkit.
dYdX Domain Faces Repeated DNS Hijacking Incidents
dYdX's domain suffered multiple DNS hijacking attacks due to vulnerabilities in Squarespace's OAuth and account recovery protocols, highlighting broader security concerns.
Maggie Joins The Walking Dead: Empires as Newest NFT Hero
The Walking Dead: Empires introduces Maggie as a new NFT Hero, available for purchase starting July 26 at 7am PT.
Transitioning from Miners to Stakers: Securing the Ethereum (ETH) Blockchain
Exploring the transition from mining to staking and its impact on securing the Ethereum (ETH) blockchain, according to Grayscale.
Binance Introduces New Limited-Time Offers for 'Earn Wednesday'
Binance announces 'Earn Wednesday,' offering new rewards across Simple Earn, ETH Staking, and Dual Investment every Wednesday.
Llama 3.1 Shows Diverse Results Across Providers, Highlighting Benchmarking Challenges
Llama 3.1, an open model, demonstrates varying performance across providers, emphasizing the importance of benchmarking, according to together.ai.
Hong Kong Monetary Authority Publishes Conclusions on Three-Tier Banking System Review
The Hong Kong Monetary Authority (HKMA) has released the conclusions of its public consultation on the three-tier banking system, proposing a transition to a two-tier system.
Unlocking BNB Rewards: Utilizing Liquid Staking with slisBNB
Discover how liquid staking with slisBNB can enhance BNB rewards, improve fund utilization, and secure the BNB Chain network.
Gala Games Unveils New Hero Card for The Walking Dead: Empires
Gala Games introduces Eleonore, a new hero for The Walking Dead: Empires, with a card sale starting on August 16th.
Gala Games Announces Carl Hero Card Sale for The Walking Dead: Empires
Gala Games introduces the Carl Hero Card sale for The Walking Dead: Empires. The sale begins on August 23, 2024, featuring tiered pricing and immediate in-game use.
Hong Kong Monetary Authority Expands Suspicious Account Alert System Amid Rising Fraud Risks
HKMA announces the extension of the Suspicious Account Alert system, covering internet banking and physical branches, to combat increasing fraud risks.
NVIDIA Launches GenAI-Perf for Optimizing Generative AI Model Performance
NVIDIA introduces GenAI-Perf, a new tool for benchmarking generative AI models, enhancing performance measurement and optimization.
HKMA Issues Alert on Fraudulent Websites Impersonating Dah Sing Bank
The HKMA warns the public about fraudulent websites and internet banking login screens mimicking Dah Sing Bank, urging vigilance and caution.
Gala Games Announces Sale of Negan Hero Card for The Walking Dead: Empires
Gala Games has announced the sale of the Negan Hero Card for The Walking Dead: Empires, featuring tiered pricing and immediate in-game usability.
EigenDA Introduces Base Rewards Program to Enhance Staking Incentives
EigenDA launches its Base Rewards Program, aiming to reward stakers and operators with monthly ETH distributions, starting from August 13, 2024.
Staking and Liquid Staking on Sui: A Comprehensive Guide
Learn how to stake and utilize liquid staking on the Sui network. Understand the process, benefits, and how to get started.
Vallée Duhamel Explores AI in Filmmaking with 'After Light'
Montreal-based directing duo Vallée Duhamel discusses their latest project 'After Light' and the impact of AI on their creative process.
HKMA and HKAB Establish Joint Taskforce to Bolster SME Lending
The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) have formed a joint taskforce to enhance SME lending support.
BitMEX Introduces Fair Price Marking for DOGSUSDTQ24
BitMEX has updated the Mark Method for DOGSUSDTQ24 to Fair Price marking, effective August 27, 2024, enhancing price accuracy.
SSV Network and Ether.fi Launch Learn and Earn Campaign with $50K Prize Pool
SSV Network and Ether.fi have partnered to launch a Learn and Earn campaign, offering participants a chance to win from a $50,000 prize pool by learning about DVT.
NVIDIA Simplifies Camera Calibration for Enhanced AI Multi-Camera Tracking
NVIDIA introduces streamlined camera calibration processes to boost the accuracy of AI-powered multi-camera tracking applications.
Gala Games Unveils Carol Hero Card Sale and Upcoming September Updates
Gala Games announces the Carol Hero Card sale and reveals September updates for The Walking Dead: Empires, including new features and event changes.
Hong Kong Monetary Authority and HKAB Hold Inaugural Taskforce Meeting on SME Lending
The HKMA and HKAB's joint Taskforce on SME Lending held its inaugural meeting to address SME financing challenges and strengthen communication with the commercial sector.
Hong Kong Monetary Authority Suspends Registration of LI Shek Tang for Nine Months
The Hong Kong Monetary Authority has suspended the registration of LI Shek Tang for nine months due to misconduct involving the fabrication of a client's signature.
SFC Restricts Kingston Securities to Freeze Client Account Amid Corporate Misconduct Probe
The SFC has issued a restriction notice to Kingston Securities Limited to freeze a client account over suspected corporate misconduct.
Binance Introduces Limited-Time Offers in Earn Wednesday Program
Binance announces new limited-time offers under its Earn Wednesday program, featuring rewards across Simple Earn, ETH Staking, SOL Staking, and Dual Investment.
Tezos (XTZ) Revolutionizes Staking with Enhanced Accessibility and High Rewards
Tezos (XTZ) leads the blockchain industry with its innovative staking model, offering unparalleled accessibility, security, flexibility, and high rewards.
BitMEX Implements Fair Price Marking for CATIUSDTU24
BitMEX announces the transition to Fair Price marking for CATIUSDTU24 as of September 23, 2024, enhancing price stability.
Exploring the StakingRewards Contract on BitTorrent Chain (BTTC)
Discover the functionalities of the StakingRewards contract on BTTC, enabling token staking and rewards. Dive into its key components, including state variables, events, and functions.
BitMEX Updates Mark Method for HMSTRUSDTU24 to Fair Price Marking
BitMEX has updated the Mark Method for HMSTRUSDTU24 to Fair Price marking, enhancing index robustness and removing price protections.
Binance Introduces Weekly 'Earn Wednesday' Offers for Crypto Enthusiasts
Binance launches 'Earn Wednesday' with new limited-time offers across Simple Earn, ETH Staking, SOL Staking, and Dual Investment. Discover more about these exciting opportunities.
Binance Web3 Wallet Enhances Yield Opportunities with 13 New Protocols and SOL Staking
Binance Web3 Wallet integrates 13 new protocols and introduces SOL staking, expanding yield opportunities for users.
Exploring the Growing Demand for Bitcoin (BTC) Staking in DeFi
Bitcoin staking is gaining traction as it allows BTC holders to earn rewards while participating in DeFi. Learn about the protocols enabling trustless Bitcoin staking.
Institutional Engagement and Staking Surge: Insights from Coinbase and Glassnode's Q4 Crypto Report
Explore the latest trends in crypto markets, including Bitcoin ETFs, Ethereum staking, and stablecoins, as highlighted in Glassnode and Coinbase's Q4 report.
Lenovo Unveils Eye-Tracking Device for ALS Patients
Lenovo launches a new eye-tracking device aimed at enhancing accessibility for ALS patients, integrating advanced AI technologies for improved communication.
Lenovo Unveils TTS Eye Tracking Device with Advanced Voice AI
Lenovo introduces a TTS eye tracking device, enhancing communication for ALS patients with advanced voice AI technology, in collaboration with IrisBond and ElevenLabs.
Binance's Earn Wednesday Unveils New Limited-Time Crypto Offers
Binance introduces Earn Wednesday, offering new limited-time crypto investment opportunities, including ETH and SOL staking, Simple Earn, and Dual Investment products.
Binance Extends BNSOL APR Campaign, Offering Up to 10% APR for SOL Stakers
Binance has extended its BNSOL APR Boost Campaign, allowing SOL stakers to earn up to 10% APR. The extension is due to popular demand and aims to provide additional rewards.
Ethereum (ETH) Staking Threshold Reduction Sparks Decentralization Debate
Ethereum community discusses reducing staking threshold from 32 ETH to 1 ETH, potentially democratizing network participation and enhancing decentralization, according to Bitfinex.
HKMA Warns of Fraudulent Websites and Emails Targeting Dah Sing Bank Customers
The Hong Kong Monetary Authority issues a warning about fraudulent websites and phishing emails targeting Dah Sing Bank customers, urging public vigilance.
Comparative Analysis of Staking Yields in Leading PoS Blockchains
Explore the varying staking yields and ratios across top Proof-of-Stake blockchains, including Cosmos, Polkadot, and Ethereum, as analyzed by CoinGecko.
Binance Introduces New Earn Wednesday Offers Featuring ETH and SOL Staking
Binance announces new Earn Wednesday offers, including ETH and SOL staking, with flexible and locked products available on a first-come, first-served basis.
Hong Kong Monetary Authority Grants Banking Licences to GIL and KGIB
The Hong Kong Monetary Authority has granted banking licences to Guanyin International Limited and KGI Bank Co., Ltd., increasing the total number of licensed banks in Hong Kong to 151.
BNB Chain's MVB Season 8: Key Highlights and Networking Insights
BNB Chain's MVB Season 8 in Dubai brought together Web3 innovators with expert guidance and networking opportunities, culminating in a Demo Day for global exposure.
Binance Launches New Earn Wednesday Offers Featuring ETH and SOL Staking
Binance introduces Earn Wednesday, offering limited-time rewards across Simple Earn, ETH Staking, SOL Staking, and more. Discover flexible and locked products available on a first-come, first-served basis.
Berlin Filmmaker Mark Wachholz Innovates with AI in Cinema
Berlin-based filmmaker Mark Wachholz leverages advanced AI tools to create immersive cinematic experiences, as highlighted in his recent projects using ElevenLabs' text-to-speech technology.
ALS Patient Uses Voice Banking to Preserve Her Legacy
Della Larsen, diagnosed with ALS, uses voice banking technology to preserve her voice for future generations, creating lasting memories for her family.
Analyzing Stablecoins: Insights from Banking History
Explore the evolution and challenges of stablecoins through the lens of banking history. Understand their design, risks, and future in the financial ecosystem.
HKMA Warns Against Misuse of 'Bank' by Crypto Firms in Hong Kong
The Hong Kong Monetary Authority cautions the public about crypto firms misrepresenting themselves as banks, potentially violating the Banking Ordinance.
Hong Kong Monetary Authority Warns of Fraudulent HSBC Websites
The Hong Kong Monetary Authority (HKMA) has issued a warning regarding fraudulent websites posing as The Hongkong and Shanghai Banking Corporation Limited, urging caution and providing safety tips.
Hong Kong Monetary Authority Warns of Fraudulent Bank of China (Hong Kong) Websites
The Hong Kong Monetary Authority has issued a warning about fraudulent websites and internet banking login screens related to Bank of China (Hong Kong) Limited.
Binance Launches New Earn Wednesday Offers with Exciting Crypto Opportunities
Binance introduces Earn Wednesday, offering limited-time crypto investment opportunities, including ETH and SOL staking, Dual Investment, and more. These offers are available on a first-come, first-served basis.
BitMEX Implements Fair Price Marking for HSKUSDTX24
BitMEX has transitioned the Mark Method for HSKUSDTX24 to Fair Price marking, enhancing price precision by using a robust index from Gate.io, Kucoin, and MEXC.
Binance Introduces Pyth Network (PYTH) on BNSOL Super Stake with APR Boost Airdrop
Binance announces the launch of Pyth Network (PYTH) on BNSOL Super Stake, offering users PYTH APR Boost Airdrop Rewards for staking SOL into BNSOL.
Binance Introduces 'Earn Wednesday' with Limited-Time Crypto Offers
Binance launches 'Earn Wednesday', providing weekly crypto rewards across Simple Earn, ETH Staking, SOL Staking, Dual Investment, and more, available on a first-come, first-served basis.
Wormhole Launches Staking Rewards Program for W Token Holders
Wormhole introduces a Staking Rewards Program for W token holders on Solana and EVM chains, enhancing governance and rewards within its ecosystem.
SushiSwap Expands to Aptos Network Ahead of Over $20 Million APT Unlocking Tomorrow
Decentrallized Exchange Sushi has expanded to Aptos, a non-Ethereum Virtual Machine (EVM) chain, marking its first venture onto a non-Ethereum chain. Aptos, a Layer 1 blockchain, focuses on user experience and secure development, with its Move programming language for web3 applications. Sushi will introduce its version 2 Automated Market Maker, enhancing cross-chain trading experience and providing deeper liquidity across major blockchain networks. It is worth noting that the news comes as Aptos will unlock tokens valued at over $20 million tomorrow.
US IRS to Refund Taxes on Staked Tezos to Tennessee Couple
The United States Internal Revenue Service (IRS) is set to refund a Nashville, Tennessee couple, Joshua and Jessica Jarrett the sum of $3,293 being tax payment on 8,876 Tezos (XTZ) coins earned as staking reward by the duo.
Goldman Sachs Continues Expanding Digital Assets Team, Now Looking For New VP
Goldman Sachs is looking for a new Vice President for its Digital Assets team to helps define and execute the investment firm’s global blockchain strategy.
Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group
Multinational cybersecurity provider Kaspersky has announced that the notorious North Korean crypto criminal group, Lazarus, is planning on releasing a new ransomware.
What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority
Jake Chervinsky, the Blockchain Association's chief policy officer, criticized the SEC's enforcement-based regulation and urged Congress to regulate the sector.
U.K. Central Bank and Treasury Believe Digital Pound is Needed
The Bank of England predicts a UK CBDC by 2030.
Solana Launches Real-Time Carbon Emissions Tracking Dashboard
The Solana Foundation has launched a real-time tracking dashboard to measure carbon emissions on its blockchain, making it the first "major smart-contract blockchain" to do so. The dashboard, available on the Solana Climate website, aims to set a new standard for measuring emissions in the blockchain industry and encourages transparency. The data used to power the dashboard is open-source and modeled on the estimated carbon footprint of the Dell PowerEdge R940. The move comes as global efforts are being made to utilize blockchain technology to monitor carbon emissions.
Binance to Consider Buying Banks with $1 Billion , CEO CZ Discloses
Binance is considering buying banks with $ 1 billion to bridge the gap between the worlds of traditional finance and cryptocurrency, founder and CEO Changpeng Zhao said in an interview with Bloomberg.
Coinbase and Trustly Collaborate to Streamline Crypto Transactions for Canadians
Coinbase partners with Trustly for Open Banking in Canada, enabling direct bank-to-crypto wallet transactions. This follows Coinbase's recent Canadian market expansion and US crypto derivatives approval.
Caitlin Long's Avanti Crypto Bank Raises $5 Million Funding Round, Inches Closer to Banking Charter Approval
Avanti Financial Group, the crypto-focused bank, led by the Caitlin Long University of Wyoming Alumna, has taken another important step towards becoming a chartered crypto bank in the country. Caitlin Long is the founder and CEO of Avanti bank. The crypto bank has raised an angel round worth $5 million from several popular investors in cryptocurrency. The University of Wyoming Foundation led the funding round with partnerships from Malex Enterprises, Lemniscap, Antony Pompliano, Morgan Creek Digital, Blockchain Capital, Madison Paige Ventures, Gary Gigot, Digital Currency Group, Susan B. Anthony, and many others.
Senate banking chair considers crypto prohibition
Sherrod Brown, chairman of the U.S. Banking Committee, said a prohibition would be impossible because activity would migrate overseas. He requested a government-wide regulatory agency examination from the Treasury and Secretary. Patrick McHenry, the new chairman of the House Committee on Financial Services, supports crypto.
AI-Driven "Audio-Jacking": IBM Uncovers New Cybersecurity Threat
IBM Security researchers have identified a new cybersecurity threat called "audio-jacking," where AI can manipulate live conversations with deepfake voices, raising concerns about financial fraud and misinformation.
How Banking Difficulties Drive Crypto Adoption in Latin America
Many businesses and individuals in Latin American countries are using cryptocurrency to buy retail goods while seeking to avoid unstable fiat markets.
Animoca Brands Reports US$402 Million Bookings for 2022
Animoca Brands, a leading digital entertainment and blockchain technology company, reported strong financial performance in 2022, with bookings reaching A$594 million and a strong liquidity position, despite expanding its business portfolio.
Malware Botnets Hijacked Microsoft SQL Databases to Mine Cryptocurrency Causing Concern
Guardicore, a cloud security and data center firm, has issued a report showing how a malware botnet, tracked as Vollgar botnet, has been hijacking Microsoft SQL Server (MS-SQL) databases around the world and forcing them to mine the cryptocurrencies Vollar and Monero.
Gemini Launches ETH & MATIC Staking Services in Switzerland and Turkey Amidst U.S Regulatory Crackdown on Crypto Staking
Crypto exchange Gemini has announced the expansion of its staking services to users in Switzerland and Turkey. The development comes at a time when United States-based exchanges face regulatory hurdles with the Securities and Exchange Commission (SEC) regarding similar services.
EigenLayer Restaking Protocol Launches on Ethereum Mainnet, Unlocking Delegation and Security Expansion
EigenLayer, an Ethereum restaking protocol, has launched, enabling restakers to delegate stakes to operators, promoting decentralized innovation and lowering entry barriers for new blockchain projects.
Sygnum Bank Becomes the First Bank to Provide ETH 2.0 Pledge Service
The world's first digital asset bank Sygnum Bank announced to be the first bank to accept the pledge of Ethereum 2.0 from its customers.
Ethereum Founder Vitalik Buterin Proposes Tweaks to Improve Decentralization and Reduce Consensus Overhead
Vitalik Buterin, the founder of Ethereum, has proposed changes to the network's staking model aimed at improving decentralization and reducing the consensus layer's computational burden. The proposal includes the introduction of a two-tiered staking system involving node operators and delegators. Buterin suggests that these changes could significantly reduce the number of signatures required for consensus, thereby making it easier for more people to participate in the network's validation process.
CoinMarketCap Users Says Exchange Rankings Make No Sense
CoinMarketCap is a renowned cryptocurrency and exchange data aggregator. Recently purchased by Binance, the site is currently under fire from users who claim that exchange rankings are being manipulated.
Philcoin Rolls Out Staking Program for Donating Charity
To change the way of charity, Philcoin has established a staking mechanism that will enable users to donate part of their earnings to a charity of their choice within PHILApp.
Lido Finance Halts Operations on Solana Following Community Consensus
Lido Finance is discontinuing its operations on Solana blockchain following a community consensus within its DAO. The decision, revealed on October 16, 2023, comes after a proposal highlighting the unsustainable financials of Lido on Solana. Despite this cessation, Lido expresses continued optimism for Solana's ecosystem.
Digital Assets Should be Regulated as Part of Banking Industry: Ex-Regulator
Financial experts are advocating for digital currency innovation and activities to be subsumed into the banking industry, a move that will let regulators permit their overall growth.
Metis Launches Decentralized Liquid Staking in Layer 2 Revolution
Metis is launching the Liquid Staking Blitz, a decentralized sequencer initiative, to boost the growth of Liquid Staking Derivatives within its ecosystem, enhancing network security and governance.
FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large
The DoJ and the FBI seized two criminals connected to a cybercrime targeting over 100 companies in the US and abroad with ransomware, crypto jacking and more.
Deutsche Bank Ignored Suspicious Activity of Child Sex Trafficker Jeffrey Epstein, Bitcoin Community Screams Hypocrisy
The NY State Department of Financial Services has slapped Deutsche Bank with a $150 million dollar fine, Bitcoin Community has been quick to call out the institutional bank’s shortcomings in funding international sex trafficker Jeffrey Epstein.
Thailand Blockchain Community Partners with IBM to Expand $300M Electronic Letter of Guarantee Platform
Thailand Blockchain Community Initiative (BCI) has joined hands with IBM to extend the scope and reach of the blockchain-powered electronic letter of guarantee.
Ethereum 2.0 Continues to Gain Steam, Staked ETH Tops 10 Million
The transition to Ethereum 2.0, which was renamed the consensus layer, continues to gain momentum because the amount of staked Ether is nearly 10% of the entire ETH supply.
Famous Game ChuanQi IP Launches Blockchain-Based MORPG, MIR2M: The Dragonkin, in 170 Countries
ChuanQi IP, a subsidiary of Wemade, has recently released a promotional video for its new blockchain-based Multiplayer Online Role-Playing Game (MORPG), MIR2M: The Dragonkin. The video was revealed on the company's official YouTube channel and provides a glimpse into the narrative of the MIR2M series.
The Fed Rejects Custodia Bank's Membership Application
The Fed rejected cryptocurrency-focused Custodia Bank membership again, citing "sound banking operations."
How Blockchain Can Mitigate Electoral Malpractices
For elections to be credible, they ought to be free and fair. Nevertheless, the voting process may be marred with malpractices, and this hinders transparency. Blockchain is being touted to avert electoral malpractices and voter fraud based on the distributed ledger technology (DLT) presented.
Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack
Pickle Finance becomes the latest DeFi Protocol to suffer from hacking, losing almost $20 million in DAI stablecoin.
UK Treasury to Omit Derivatives, Unbacked Tokens from Sandbox
The United Kingdom Treasury Department has suggested in its recommendations for a digital securities sandbox that unbacked crypto assets and derivatives be removed from the scope of the project.
US Banking Crisis Fuels Regulation Debate
The recent fall of major banks in the US has reignited discussions about the most effective ways to safeguard the economy. Economist Peter Schiff argues that increasing banking regulations could contribute to a worsening economic crisis, while a group of economists warns that nearly 190 US banks are at risk of depositor-driven collapse due to monetary policies.
Circle Partners with Cross River Bank for USDC Production and Redemption
Circle has partnered with Cross River Bank for USDC production and redemption, as well as expanded relationships with other banking partners like BNY Mellon. The USDC stablecoin recently experienced a peg-breaking incident but has since recovered.
Trump’s Proposed Capital Gains Tax Cuts Could Benefit Ethereum 2.0 Stakers
President Donald Trump has proposed a capital gains tax cut which may greatly benefit United States cryptocurrency traders—particularly those planning to stake on Ethereum 2.0.
Bitwala Incorporates CryptoTax for Better Tax Reporting
Bitwala, a German-licensed Bitcoin banking service application, announced its new integration remedy with CryptoTax, an entity that assists crypto users to adhere to yearly tax declaration deadlines. This will be instrumental in solving crypto tax headaches.
Finland Tracks Monero in High-Profile Cybercrime Cas
Finnish authorities traced Monero transactions in the Julius Aleksanteri Kivimäki trial, highlighting challenges in tracking privacy-focused digital currencies, a significant development in cryptocurrency-related cybercrime investigations.
Polygon Founder Announces POL: Massive Technical Upgrade to MATIC
Sandeep Nailwal introduces the POL token, a technical upgrade to Polygon's ecosystem, revolutionizing multi-chain staking and introducing a new era in token design.
Bitcoin and Ethereum Prices Unaffected Despite $150M Hack Suffered by KuCoin
Bitcoin and Ethereum prices have been reported to be unaffected by the security breach that impacted coin exchange KuCoin and that resulted in a loss of $150M.
Binance Labs Invests in nLRP Puffer for Enhanced Ethereum Staking
Binance Labs, Puffer, Ethereum Staking, DeFi, Liquid Restaking, EigenLayer, Blockchain Innovation, Decentralization, Cryptocurrency Investment, DeFi Development
FinCEN Director Kenneth Blanco Warns Banks to Take Crypto AML Seriously
Kenneth Blanco, the Director of the FinCEN warned banks to seriously consider how virtual currencies should fit into their anti-money laundering (AML) policies.
NBA Sacramento Kings Leverage Blockchain for Authentic In-Game Gear Purchases
Sports teams continue to adopt and implement blockchain into their business models, helping fans and security.
Cardano Founder Charles Hoskinson Addresses an Alleged ADA Scam in China
Scammers are capitalizing on the recent success of Cardano’s native altcoin, ADA, and using it for their own personal gain. For the first time in over a year, ADA has moved above $0.10, and has picked up by over 200 percent.
Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards
The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice on April 13 of the “Public Notice on the Formation of a National Blockchain and Distributed Ledger Technology Standardization Technical Committee.”
US FinCEN Files Show Deutsche Bank Tops List of Suspicious Transactions, So Cut Bitcoin Some Slack
German central bank, Deutsche Bundesbank appears to have facilitated over one trillion dollars of suspicious transactions flagged by US FinCEN.
Charles Hoskinson: Elon Musk Could Have an Opinion on the Cardano Network with its Delegated Democracy Governance Model
Input Output (IOHK) CEO and founder of Cardano Charles Hoskinson recently discussed the future of governance on the Cardano network in his YouTube video. The problem with governance is when large actors are able to decide, they could transform a protocol into something that would preserve the monopolies they already have.
Circle's USDC Reserve Exposure and Potential Risks
Circle's latest audit report reveals that the company's exposure to the US banking system stands at nearly $9 billion, with its reserves held by a number of regulated financial institutions, including SVB, BNY Mellon, and Silvergate. However, recent events such as the shutdown of SVB and Silvergate's decision to shut down its crypto bank arm have raised concerns about potential risks for Circle and its stablecoin USDC.
SlowMist Reports Surge in Diverse Crypto Security Incidents for the Week of September 17-23, 2023
SlowMist, a cybersecurity firm specializing in blockchain, released its weekly security report for the week of September 17-23, 2023. The report highlights a total of seven security incidents with an estimated loss of around $380,600. The week saw a significant rise in phishing attacks and rug pull tactics, as well as the emergence of diverse attack methods like DNS hijacking and contract vulnerabilities.
SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
SBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.
SEC Chair Gary Gensler Warns Crypto Companies
Kraken agreed to shut down its U.S. staking services and initiatives, but SEC chair Gary Gensler advised other businesses to “come in and respect the law.”
Global Microfinance Market Projected to Reach $506 Billion by 2030
The global microfinance market, valued at $200 billion in 2022, is expected to grow to $506 billion by 2030, according to a new report by ResearchAndMarkets.com. The market is set to expand at a CAGR of 12.3% from 2022 to 2030. Microenterprises are identified as a vital growth driver for Microfinance Institutions (MFIs). The report also highlights the role of emerging technologies like AI and blockchain in shaping the industry.
Visa Integrating Cryptocurrency Services into Brazilian Banks
Visa is further expanding its cryptocurrency services. The payment giant firm is working in Brazil to integrate cryptocurrency services into the local banking system.
What is Liquid Staking?
Liquid staking is revolutionizing the DeFi landscape by allowing users to stake their crypto assets while maintaining liquidity and earning rewards. This innovative approach is gaining traction in the crypto community.
Solana Takes the Helm as the Most Staked Crypto, Cardano Goes Second
Even if Ethereum takes the lion’s share in DeFi, Solana is the victor when it comes to staking with a value of $78.49 billion.
Beanstalk Stablecoin Protocol Suffers $80M Loss in Hacking
An emerging Ethereum stablecoin protocol, Beanstalk has come off as the latest blockchain startup that suffered a breach from hackers with a massive loss of $80 million moved from the protocol.
Financial Services Reforms Advance UK Crypto Ambitions
The U.K. Chancellor of the Exchequer, Jeremy Hunt, laid out a number of reforms aiming to "drive growth and competitiveness" to the country's financial services sector. The reforms include consulting on proposals for the establishment of a central bank digital currency (CBDC), extending a crypto tax break for investment managers and creating a sandbox that lets firms and regulators test new technologies.
Algorand CEO Steven Kokinos Steps down, COO Takes over the Helm
Algorand CEO Steven Kokinos is departing the company to pursue another business opportunity elsewhere. Sean Ford is taking over as interim CEO effective immediately.
Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System
Crypto usage is growing in Russia, despite attempts by the government to make investment more difficult.
Polkadot Reports Q3 Growth: New Parachains, Staking Metrics, and Technical Upgrades
Polkadot's ecosystem saw significant expansion in Q3 2023, with the addition of five new parachains, a rise in staking metrics, and major technical upgrades. The total volume of staked DOT increased to 663 million, and the platform recorded more than 190 million on-chain events. The quarter also saw the introduction of native USDC and a 20% quarter-on-quarter rise in XCM messages.
Twitter Massive Hack Attack Traced Back to Crypto Wallet Using BitPay and Coinbase
In the massive Bitcoin scheme that happened earlier this week, reputed coin exchanges such as Binance, Gemini, and Coinbase were targeted by crypto scammers, and officials have been hard at work investigating the digital trail that may lead back to the crypto scammers.
UK Treasury Drafting Private Stablecoin Regulations and Researching CBDC with BoE
The United Kingdom’s Treasury Department has announced it is drafting private stablecoin regulation while it continues central bank digital currency (CBDC) research.
Coinbase to Suspend Coinbase Pro Platform By Year-End, Developing New Advance Trading Interface
American cryptocurrency trading platform, Coinbase Global Inc has unveiled plans to close down its Coinbase Pro platform by the end of the year. A new trading platform is expected to launch to substitute.
StakingFarm's Innovative Approach to Simplified Crypto Staking
StakingFarm simplifies Ethereum Liquid Staking with a 50$ welcome bonus, low entry thresholds, and proprietary LSD conversion, offering investment packages and 24/7 customer support.
Horizon Kinetics Bets on Bitcoin as Inflation Bites
Horizon Kinetics, a US-based investment firm, is the latest to bet on Bitcoin as an inflation hedge, saying that the company is playing their bets on two hedges against inflation: property and cryptocurrencies, especially Bitcoin.
IMF Proposes Framework to Assess Crypto Asset Risks
The International Monetary Fund (IMF) has released a working paper that delves into the macrofinancial risks tied to crypto assets. The paper, part of the IMF's Working Papers series, proposes a framework aimed at aiding policymakers and regulatory authorities in understanding and tracking systemic risks from the crypto sector. This framework is crucial as traditional financial tools are not well-suited for assessing crypto-related risks.
Banking crisis could push cryptocurrency regulation into gray area
Circle CEO Jeremy Allaire believes that the ongoing global banking crisis could lead to more uncertainty and gray area in the regulation of cryptocurrencies due to market anxiety over exposure to the US financial system and the risk of a large-scale banking system failure.
Silvergate Bank Suspends Dividend Payments to Preserve Liquidity
Silvergate's board "shall re-evaluate the payment of quarterly dividends as market circumstances change."
Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024
DeFi TVL nearly doubled in Q1 2024, reaching $98 billion, partly due to Ethereum's liquid restaking initiatives. However, a recent crypto market pullback has led to a decline to $86.6 billion.
Cardano’s Shelley Mainnet Code Launch at Virtual Summit Could be a Catalyst for ADA Price Rally
Prior to the bearish slump, Cardano’s ADA cryptocurrency has risen around 50% since late May 2020, in light of the news of its Shelley upgrade. The Shelley mainnet is a decentralized network of community nodes operating on a proof-of-stake consensus protocol, with less central governance coming from the developers.
US Senate Banking Committee Chair Sends Letter to the OCC to Clarify Crypto Payment Rules
The US Senate Banking Committee Chair Mike Crapo sent a letter to the OCC to develop guidelines on digital payments.
Banking Infrastructure Needs Blockchain Technology to Meet Rapid Fintech Enviroment, HashCash CEO Says
With the fintech industry making significant strides within a short time, the banking sector ought to integrate blockchain technology to keep pace with this area, according to HashCash CEO Raj Chowdhury.
Enhancing AI's Operational Efficiency: Breakthroughs from Microsoft Research and Peking University
Researchers from Microsoft Research and Peking University have developed groundbreaking methods to enhance LLMs' ability to follow complex instructions and generate high-quality graphic designs, showcasing significant advancements in AI operational efficiency.
Neo-Banking Crypto Startup Juno Raises $18M in Series A Funding Round
The India’s neobank is seeking to use the funds towards accelerating its growth and launching more products.
Binance.US Struggles to Find Banking Partner in the U.S.
Binance.US is facing challenges in finding a bank partner to serve as a fiat on-ramp and off-ramp for its clients in the United States, following the recent failures of Silvergate and Signature Bank. The regulatory crackdown on banks with crypto clients is another factor contributing to the exchange's struggles.
Kraken Joins Consortium to Support, Build Liquid Staking Protocol
Crypto exchange Kraken has joined a consortium meant to support and build an enterprise-grade liquid staking protocol dubbed Liquid Collective.
Charles Hoskinson Proposes Solution to Fix Twitter’s Problem, Taking Digital Identity to the Blockchain Age
With the recent Twitter hack, implicating individuals including Elon Musk, Bill Gates, Joe Biden, and a few others, Cardano founder Charles Hoskinson spoke about the issue in his most recent Whiteboard video.
5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest
At least 5% of worldwide business transactions are expected to utilize blockchain technology by 2028, thanks to heightened activity in the fintech blockchain market, according to a report by research firm SkyQuest.
Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin
Two UK firms employ ATM stablecoins to make Britain a "crypto centre."
Ransomware Group Demands $4M in Bitcoin from Argentina, Border Activity Halted for 4 Hours
A Bitcoin ransomware attack was directed towards Argentina’s immigration agency, halting border crossing temporarily.
At Least $150M Stolen by Hackers: BitMart CEO Confirms; While Security Firm Estimates More
BitMart experienced a large-scale security breach in which hackers were able to withdraw assets valued at up to approximately $150m, according to the cryptocurrency trading platform's CEO.
Ether.fi (ETHFI) Initiates Season 2 StakeRank with Enhanced Loyalty Rewards
Ether.fi launches Season 2 StakeRank, offering boosted loyalty points for staking, with a 5% ETHFI token supply allocation and new conditions for participants.
PayPal Joins Coinbase TRUST Network to Comply with Travel Rule
Coinbase has welcomed PayPal for joining TRUST, a global coalition that offers top-tier privacy and security safeguards to clients across jurisdictions while complying with the Travel Rule.
MIT Cybersecurity Experts Warn Against Use of Blockchain Voting Systems
MIT Cybersecurity experts have said that blockchain-based mobile voting systems are vulnerable to serious failures.
How Blockchain Technology Can be Used to Leverage Booming TikTok and Influencer Trends
Blockchain technology has been a growing hot topic, with companies integrating it more and more into their ecosystem for better security, decentralization, and lower costs, among other things.
InfStones aims to simplify ETH staking through Shappella upgrade
InfStones is offering a new Ethereum validator service that allows users to launch validator nodes for staking with just a few clicks. The platform is targeting both users and institutional investors by providing a simpler way to stake their tokens, with the added benefit of being able to stake less than 32 ETH after the Shappella upgrade. However, there has been a slight decline in Ethereum staking deposits due to regulatory pressure and the upcoming upgrade.
US Treasury Department Believed to be Hacked by Russians, Bitcoin Bulls Respond “BTC Never Gets Hacked”
The US Treasury Department has been on the receiving line of a huge security breach that saw their internal servers targeted.
ShareRing Rolls Out Skinny ID for Frictionless Blockchain-Based Digital Identity Solutions
ShareRing, a blockchain-based ecosystem providing digital identity solutions, has launched Skinny ID aimed at offering a seamless and frictionless onboarding process.
UK FCA Regulator Announces “Temporary Registration Regime” Extending Operating Deadline for Crypto Firms
The UK’s FCA has just announced a “temporary registration regime” which allows crypto firms who have previously applied to continue operating until July 2021.
British Army Recovers Twitter & YouTube Accounts following Crypto Scam Hack
The British Army recovered from crypto scams after hackers breached its YouTube and Twitter accounts on July 3.
Ex-Polychain Capital General Partner Launches $125M Crypto Venture Fund
The fund, dao5, will invest in early-stage protocols and blockchain firms.
Cosmos Hub Votes to Reduce ATOM Inflation Rate to 10%
Cosmos Hub proposes reducing ATOM inflation rate from 14% to 10%, lowering annual staking yield from 19% to 13.4%, optimizing security expenses and introducing a liquid staking module.
Jack Daniel’s Parent Company Brown-Forman Targeted for Ransomware by Notorious REvil
Brown-Forman, Jack Daniel’s parent company and a giant powerhouse in the alcoholic industry, recently suffered a ransomware data breach originating from REvil.
Sweden Prefers Using Electricity for Job Creation Activities than Bitcoin Mining
Sweden is a major Bitcoin mining hub in Europe. The Government is seeking ways to track how much power Bitcoin miners use.
Kraken’s Ethereum 2.0 Staking Service Is a Success, With More Than 100,000 ETH Secured
US-based Kraken has been among the crypto exchanges that has welcomed Ethereum 2.0 staking with open arms.
US Sanctions Crypto Addresses of Russian Hackers Accused of Running Presidential Election Interference
The US has released a sanctions list of Russians and their crypto addresses, under allegations that they have been interfering with the presidential election.
Ethereum Hits Major Bullish Milestones in Anticipation of the ETH 2.0 Staking Upgrade
Ethereum wallets containing 32 more or more ETH, the amount needed to stake a validator node under the upcoming ETH 2.0 upgrade has hit an all-time high. The number of Ethereum network balances with 32 ETH or more has been nearing 120,000, in anticipation of the proposed ETH 2.0 update. Validating nodes will be replacing miners in the current proof-of-work system to validate transactions to maintain the Ethereum blockchain. Over the year, the number of wallets holding at least 32 ETH has risen around 15 percent, according to Nansen AI. Although the ETH 2.0 upgrade has been delayed several times, the major upgrade is expected to be deployed in July.
Cardano’s Shelley Mainnet Set to Launch, ADA Price Predictions are High
The third-generation blockchain Cardano is making some promising strides with its development plan as it matures into its more decentralized “Shelley Era.”
Hacking 101: Security of Bitcoin Wallets, From a Hacker's Point of View
The safety of crypto wallets was recently questioned, after an incident where a Bitcoin address was successfully hacked.
XRP staking scam
A phoney staking scheme is targeting XRP investors. XRP staking websites and emails have been faked. The swindle promises 12%–27% profits.
Will Distributed Ledger Technology and Cryptocurrencies Ever Lead to the Extinction of Banks?
In the world we live in today, virtually every sector of human activities have begun to experience one form of digitisation or another, and the Banking sector happens to be one of the sectors at the forefront of this evolution.
Ransomware Hackers Hunt for Bitcoin by Targeting Call of Duty: Warzone
Ransomware hackers have raided Call of Duty: Warzone player accounts and demanded Bitcoin payments in exchange for releasing the retained data.
Exploring AI Stability: Navigating Non-Power-Seeking Behavior Across Environments
The research explores AI's stability in non-power-seeking behaviors, revealing that certain policies maintain non-resistance to shutdown across similar environments, providing insights into mitigating risks associated with power-seeking AI.
Traditional Banking System Consumes Twice Energy Than Bitcoin Mining, New Research Reveals
A new study by Galaxy Digital shows that the traditional banking system uses twice the energy that Bitcoin mining consumes.
Is China Hacking Australia? Cryptojacking Cyberattacks Hit Hard Down Under
The Australian Cyber Security Center has published a report highlighting vulnerabilities that are being exploited by hackers using cryptojacking malware.
Binance Labs Invests in AltLayer, KiloEx, Kinza, and Sleepless AI as Part of the MVB Program
Binance Labs invests in AltLayer, KiloEx, Kinza, and Sleepless AI in the MVB Program's sixth season, supporting DeFi, infrastructure, and Web3 gaming.
Coinbase One Unveils New Features Including Zero Trading Fees and Increased Staking Rewards
Coinbase, a leading cryptocurrency exchange, has announced significant updates to its premium membership service, Coinbase One.
"Deutsche Bank share slide fuels global banking fears"
Deutsche Bank's recent share slide has added to concerns about the state of the global banking system and the possibility of a new financial crisis. As governments try to protect the dollar's status as the world reserve currency, concerns about hyperinflation and a historic correction of the economic system are growing. Some members of the Bitcoin community are looking to the cryptocurrency as a potential hedge against inflation.
Top 7 Staking Platforms in 2024: Earn Passive Income through Staking
One of the easiest ways to earn in the crypto space for 2024 when it comes to passive income is staking. It allows you to generate rewards within popular staking platforms while holding on to or "locking up" your digital assets.
Hackers Hungry for Bitcoin and Ether Target Indian Prime Minister Narendra Modi
Bitcoin and cryptocurrency hackers seized the social media account of India Prime Minister Narendra Modi today, in an effort to secure Bitcoin and Ether funds.
Microsoft and Finastra Open Cloud Solution to Exponentially Accelerate Innovation for 8,500 Banks and Institutions
Finastra and Microsoft Corp have announced a strategic, multiyear cloud agreement to help accelerate the digital transformation of financial services and help realise and open source future for finance.
Chainalysis Exposes Southeast Asia's Human Trafficking and Scam Nexus
Chainalysis reveals the intertwining of human trafficking with crypto scams in Southeast Asia, highlighting the urgency to combat these digital age crimes.
Crypto Scam Revenue Has Dropped by 65% in 2022: Chainalysis
Illicit crypto volumes have been diminishing year-over-year, with scams taking the lion’s drop share, according to a report by blockchain analytic firm Chainalysis.
King’s College Report: Blockchain Could be Pivotal in Nuclear Disarmament
Through its new policy report, King’s College London discloses that blockchain technology could be pivotal in dismantling nuclear warheads reliably, securely, and safely.
Cardano (ADA) Price Surges Over 75 Percent as the Crypto Becomes the 8th Largest by Market Cap
Input Output Hong Kong (IOHK) the blockchain development company behind the Cardano blockchain has recently released updates for Goguen, its next phase.
Tetra Partners with Kiln to Enhance Staking Service Including Ethereum and Solana
Tetra Trust partners with Kiln to expand staking services on major PoS blockchains, including Ethereum and Solana, enhancing digital asset management in Canada.
Online Travel Agencies Booking.com and Travala.com Enters Into Strategic Partnership for Mass Adoption of Crypto
Travala.com, a crypto-friendly travel platform founded in 2017 and Booking.com, an online travel agency established in 1996 have signed a strategic partnership deal that is aimed at encouraging the mass adoption of cryptocurrency.
Wells Fargo Injects $5M into Blockchain Startup Bridging Crypto Exchanges and Banks to Expand in Asia
US Banking Giant, Wells Fargo is investing in blockchain startup focusing on forensics, Elliptic. Wells Fargo Strategic Capital (WFSC), the venture capital arm of the bank, has decided to inject $5 million into Elliptic’s Series B funding round.
Darknet AlphaBay Moderator Paid in Bitcoin Sentenced to 11 Years in Prison
A darknet moderator for marketplace AlphaBay has been apprehended by law officials and sentenced to 11 years in prison.
Brazilian Crypto Lender BlueBenx Halts Withdrawals after Suffering Hack of $32M
Brazilian crypto lending platform BlueBenx is under scrutiny after it halted its users' withdrawals due to a hacking of $32 million.
Cardano’s Shelley Hard Fork Countdown Has Begun, Tests Have Been Positive So Far
Cardano founder Charles Hoskison announced today that IOHK’s Director of DevOps Samuel Leathers has initiated the update proposal for Cardano’s Shelley hard fork. The countdown for the long-awaited Shelley hard fork on Cardano’s main network has begun and will take five days, as scheduled on July 29.
Hacking Ransomware Group REvil Threatens to Strike Again
Previously known to be the company that has hacked big-name Grubman Shire Meiselas & Sacks, REvil threatens to keep up with their devious activities. This time, the new scheme that they plan to carry out entails big-name celebrities, such as rap star Nicki Minaj, and NBA superstar Lebron James. They also extended their cyber-attacks to include Mariah Carey.
Transit Finance Convinces Hacker to Return $2m to Protocol
Transit Finance protocol has announced there is an agreement to return at least $10,000 BNB tokens gradually after conversations with the biggest hacker.
FDIC Mandates New Signage for Digital Platforms Starting 2025
The FDIC has updated its signage requirements, mandating digital display of a new black and navy blue sign on websites, apps, and ATMs from 2025 to align with modern banking practices.
Cardano’s Charles Hoskinson: Accountability of Funding from Voltaire Does Not Need to be Centralized
Cardano founder Charles Hoskinson recently explained in a video update regarding the accountability of the funding from Voltaire, its governance era.
Decentralized Finance (DeFi)
DeFi stands for decentralized finance, which owns the blockchain advantages, thus removes trusted third parties and more. DeFi will have profound impact to traditional financial industries.
Google Cloud Becomes Validator on Polygon's PoS Network
Google Cloud has joined Polygon's PoS network as a validator, adding an extra layer of security and credibility. The network already has over 100 validators, and Google Cloud's involvement is expected to further strengthen it. Users can monitor validator performance through a dedicated dashboard, where Google Cloud has staked 25,391.67 MATIC.
DappRadar—Redefining Accuracy and Transparency in the State of Dapps
Skirmantas Januskas is the CEO and founder of DappRadar a website that lists the best Ethereum Dapps and ranks them by DAU (Daily Active Users) showing the authentic acceptance and usability of Dapps. DappRadar recently added full token tracking for EOS Dapps which has reportedly uncovered that the EOS Dapp ecosystem may be undervalued by 1 billion dollars.
Yearn.finance Proposal to Create ETH 2.0 Validator Vault Could be a Game-Changer for Staking
Retail investors could soon have the opportunity to earn on ETH 2.0 if a proposal on Ethereum 2.0 validator vault on Yearn passes.
dYdX Community Votes to Stake $61M in DYDX Tokens for Enhanced Security
The dYdX community overwhelmingly approved a proposal to stake 20 million DYDX tokens with Stride to boost the protocol's security as DEX activities rise.
Unreleased Version of David Bowie's "Let's Dance" Surfaces as NFT
Gala Music, in partnership with Larry Dvoskin and Warner Chappell Music, is set to launch a limited edition collection of NFTs featuring an unreleased version of David Bowie's "Let's Dance." Each NFT will give its owner exclusive access to the song, co-produced with Bowie in 2002, with initial profits going toward charity.
Protego Becomes the Second Federally Chartered Crypto Bank in United States
Protego, Washington state-chartered trust firm, has received a conditional approval from the OCC to become the second nationally chartered crypto bank in the U.S.
The United Kingdom Tax Reform Council Launches Campaign Against Bank of England
UK Tax Reform Council and Bitcoin community worry over Bank of England's CBDC intentions.
Hacker Turns Hero? All Stolen Funds from the Poly Network Have now Returned
The Poly Network is set to start a new journey as its protocol exploiter has now returned all of the stolen funds
OCC Head Brian Brooks Testifies Before Senate On Cryptocurrency and Stablecoins
The OCC Boss, Brian Brooks has testified before the US Senate Banking Committee about the growing use of cryptocurrencies and stablecoins in the country
Lido DAO Faces Class-Action Lawsuit Over LDO Token Alleged to be Unregistered Security
A class-action lawsuit against Lido DAO alleges its LDO token is an unregistered security, claiming responsibility for investor losses following the token's price decline.
Decline in Crypto Crime: Insights into 2024 Trends and Challenges
2024 sees a notable decline in crypto crimes, with hacking and scamming activities reduced. However, ransomware and darknet markets show resurgence, emphasizing the need for enhanced security and regulatory measures in the crypto industry.
Fintech not Big Tech: Square is a Greater Threat to Banks than Google and Amazon
A recent survey of 300 senior executives at US-based mid-sized financial institutions found that more than half of bank and credit union executives view Big Tech companies like Amazon and Google as significant threats to the banking industry. Meanwhile only a third believe financial technology (fintech) firms will be a threat in the future, but are they sleeping on Square, Jack Dorsey’s financial technology venture whose stock price recently recorded a 20 month high.
Total Value of Ethereum in ETH 2.0 Tops 3 Million Ether
The total value of Ethereum locked in Ethereum 2.0 tops 3 million Ether and currently pegged at 3,000,034 ETH.
Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist
Australia recorded one of its first cases of cryptocurrency theft recently.
Tim Beiko announced Shapella upgrade
Full and partial validator withdrawals alter the consensus layer.
Charles Hoskinson to Airdrop Kanye Coin and Pierce Coin to Demonstrate Cardano’s Multi-Asset Standard
With just one more day to go with the availability of participants being able to interact with the Shelley mainnet launched on June, 30; Charles Hoskinson, the founder, and CEO of Input Output (IOHK), the blockchain engineering firm behind the Cardano blockchain, took it to his “Ask me anything” (AMA) session on Youtube, addressing the recent news on the US Presidential candidates, Kanye West and Brock Pierce.
Gemini Launches Crypto Staking Service in US, Singapore, Hong Kong
Gemini said users can start staking MATIC on the Polygon network. The exchange stated that plans to support Ethereum, Solana, Polkadot, and Audius will be launched next month.
Binance to Launch UK Crypto Exchange to Meet Client Demand
Binance, the leading cryptocurrency exchange has announced that it will launch a regulated crypto trading platform in the UK, in the coming months. Binance.UK is planning to create a trading platform to allow retail and institutional investors to sell and buy cryptocurrencies using euros and pounds.
185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023
SlowMist, a renowned blockchain security firm, has recently published its mid-2023 report on Blockchain Security and Anti-Money Laundering (AML). The report offers a comprehensive overview of the current global landscape of blockchain security and AML developments.
US Seizes $500K in Crypto Paid as Ransom to North Korean Hackers
The U.S. Justice Department has revealed seizing crypto funds worth $500,000 used to pay ransom to North Korean hackers after the FBI filed a sealed seizure warrant in May.
Binance Supports Starknet (STRK) Distribution for ETH Staking Users
Binance announces support for Starknet (STRK) distribution to ETH Staking users, with the snapshot taken on Sept 15, 2022. Distribution completion is expected within 30 days from Feb 20, 2024.
Genesis Digital Assets Raises $125M to Expand Bitcoin Mining Business
Digital asset lending firm Genesis Capital has raised $125 million in equity financing to expand its Bitcoin mining business, mainly in North America and Northern Europe.
Coinbase reassures customers on staking services amid SEC crackdown
Despite the SEC's crackdown on staking services provided by centralized providers, Coinbase has informed its customers that its staking services will continue and may even increase. Coinbase has updated its staking terms and conditions, stating that users earn rewards from decentralized protocols, not from the exchange itself. The SEC has expressed concerns over users losing control of their tokens when using staking programs. Coinbase has argued that its staking services are fundamentally different from competing exchanges like Kraken.
Ethereum—The Whole Forking History
Ethereum is the second most recognizable name in the cryptocurrency and blockchain space, next to Bitcoin. Ethereum was created to overcome the limitations of Bitcoin, which is essentially just a system for decentralized money, and push the boundaries of blockchain technology and decentralization. Like Bitcoin, it is supported by a peer-to-peer node network, meaning that it is essentially a decentralized server run by a vast number of computers with no central administrator or intermediary.
TOR Network Vulnerability May Have Facilitated Dark Web Bitcoin Theft
According to a cybersecurity researcher, Bitcoin thieves and hackers have controlled more exit relays on the Tor network this year than in the past five, raising serious cybersecurity concerns that experts are looking to fix.
Slim Odds of Slashing and Best Practices to Avoid it
According to Ethereum core developer Superphiz, just 0.04% of ETH-staking validators have been eliminated.
Binance Enhances VIP Investor Program with Flexible Earn Products and ETH Staking
Binance, a leading cryptocurrency exchange, has upgraded its VIP Investor Program to include Simple Earn Flexible Products and ETH Staking, providing users with more opportunities to qualify for VIP tiers and unlock additional rewards.
Binance.US Halts BUSD Services Amid Investigation
Binance.US has temporarily halted BUSD services including deposits and withdrawals, and buying, selling, and converting crypto options via the OCBS. The platform is investigating the issue and is also transitioning to new banking and payment service providers, leading to the temporary suspension of certain U.S. dollar deposit services.
Uniswap DEX Launches UNI Governance Token
Uniswap, the decentralized exchange platform, and the on-chain market maker has launched its own governance token called Uni.
Federal Reserve Governor Michelle W. Bowman Stresses Banking Supervision including Digital Assets
Governor Michelle W. Bowman, a member of the Board of Governors of the Federal Reserve System, emphasized the need for a responsive and responsible regulatory framework in the banking sector.
What is InferKit AI?
InferKit AI is an advanced artificial intelligence (AI) technology designed to generate human-like text based on the input provided.
Fantom Foundation Lowers Staking Threshold to 50,000 FTM
Fantom Foundation has reduced its validator staking requirement from 500,000 FTM to 50,000 FTM, aiming to boost network security and accessibility, following a June 2023 governance vote.
New Democrat Coalition Launches First-Ever Artificial Intelligence Working Group
The AI Working Group aims to explore AI's diverse uses, assess benefits and challenges, and position the U.S. as a leader in AI safety and innovation.
Italian Banking Association Chose Decentralized Blockchain Route
The Italian Banking Association, Associazione Bancaria Italiana (ABI), chose to leverage the blockchain-based system Spunta, as they could not identify an appropriate single actor to run a centralized system.
British Farmer Attempted £1.4M Bitcoin Extortion from Tesco by Contaminating Baby Food
Nigel Wright, a 45-year-old sheep farmer from Lincolnshire, England, has been accused of trying to extort Bitcoin worth £1.4 million, approximately $1.8 million, from retail giant Tesco. He made this blackmail to reveal the Tesco stores he had planted the contaminated baby food.
Cardano to Launch ERC-20 Converter and Cross-Chain Communication for Interoperability Between Networks Including Bitcoin
Cardano founder and IOHK CEO Charles Hoskinson recently announced in his YouTube video that the current roadmap for the Shelley hard fork will be going according to plan, scheduled on July 29, 2020.
SSV Network Founder Drafted; Assurance of Continued Operations Given
The leadership of SSV Network, amidst a war crisis, shared personal experiences and reassured the community of ongoing operations. Founder Alon Muroch described the ground situation as a "massacre" after being drafted, while A. Matthias emphasized team unity and continued work towards delivering a robust Distributed Validator Technology (DVT) network. The scenario highlighted the resilience of decentralized blockchain networks in maintaining operational integrity under challenging circumstances.
Exploitation in the NFT World is Real But Are They Preventable?
Blockchain.News recently spoke to three industry leaders to explore NFT-linked security weaknesses and solutions. Experts suggest investors should always do their own due diligence before injecting funds into any project, no matter the hype.
Nexo Allocates Additional $50M to Long-standing Token Buyback Initiative
Crypto lending platform Nexo has approved periodic repurchases of its NEXO token for up to $50 million.
Blockchain in Fintech Sector Expected to Hit $31.4B by 2030
Blockchain in the FinTech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge technology in the financial industry has boosted app-based operations.
Banks Want in on Crypto this Year, but Obstacles Remain
Obstacles remain for banks looking for ways to fight issues that differ from their core values and carve their way into the crypto craze in 2022.
PAID Network DeFi Platform Attacked as Hacker Gains $3 Million Of ETH After Minting $166 Million Of Tokens
PAID token crashed by over 75% instantly after the popular PAID Network DeFi protocol experienced a massive hack.
Top Banks in South Korea Select CenterPrime And Chainlink To Bring FX Rates Data to DeFi
Top banks in South Korea have selected Chainlink and CenterPrime to bring a blockchain-enabled decentralized finance solution for foreign exchange rates.
Kraken Agrees to Cease Staking Services for U.S. Clients
Kraken settled with the SEC by ending its staking program and paying $30 million in disgorgement, prejudgment interest, and civil penalties.
Crypto Market Consolidation and Key Trends in Q2 2023
Q2 2023 saw a slight 0.14% increase in the crypto market, with Bitcoin (BTC) and Ethereum (ETH) rising by 6.9% and 6.0% respectively.
The United Kingdom's Financial Conduct Authority is cracking down on unregistered cryptocurrency
West Yorkshire crypto ATM operators were penalized by the Financial Conduct Authority.
Lazarus Group Hacks for Crypto via LinkedIn Blockchain Job Posting
A hacking operation that is allegedly backed by North Korea has been reported to be targeting blockchain and cryptocurrency employees through LinkedIn.
Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020
Banks have increased their interest in cryptocurrencies. Many of them have decided to join the cryptocurrency market, either by offering investments in cryptocurrency or by exploiting the capabilities of blockchain technology, which is already used in various areas with financial services.
Ethereum Supply Slowed after ‘the Merge,’ Will It Drive Investment Narrative?
Ether might become deflationary when the coins from block subsidy are lower than those burned. Also, ETH will become a deflationary asset when more people transact with the coin than those who stake it.
Digital Dollars—A Two Tier CBDC Design to Maintain US Currency Dominance
The Digital Dollar Project (DDP) is the focus of the Digital Dollar Foundation and advocates the need for a CBDC. In their recently released whitepaper, the DDP stipulates that it aims for the US dollar to maintain its global dominance but further warns that the work needs to begin immediately. The DPP also calls for public-private collaboration, including the use of a two-tier system for the spread and distribution of retail digital dollars.
The University of Wyoming Commits $4M to a Staking Program
The University of Wyoming has reportedly committed funds to a staking pool for three different cryptocurrencies.
CEX.IO Founder: US and UK Investors Expect Bitcoin to Serve as Hedge Against Currency Depreciation
CEX.IO Founder and CEO, Oleksandr Lutskevych is a pioneer in the Bitcoin industry and serial entrepreneur with deep expertise in internet technology businesses. In this second exclusive interview with Blockchain.News, Lutskevych to discuss the current Bitcoin market sentiments in the US and UK following Brexit and discuss CEX.IO’s next steps for 2020.
Hacker Steals $950,000 from Crypto Vanity Address as Exploits Continue
$950,000 in worth of cryptocurrencies are stolen afresh from vanity Ethereum wallets. Anyone using the Profanity tool to generate their addresses is at risk
Reserve Bank of Australia Will Explore Wholesale CBDC with ConsenSys Ethereum POC
The Reserve Bank of Australia has partnered with leading Australian banks and ConsenSys Software to explore wholesale CBDCs and distributed ledger technology (DLT).
Charles Hoskinson Introduces “Multisig Pledging” to Level the Playing Field for Small Cardano Stake Pools
Charles Hoskinson recently revealed details about the current development state of Cardano’s different eras, including Shelley, Goguen, Basho and Voltaire.
UK FCA Regulator Proposes Mandatory AML Data Reports from Cryptocurrency Firms
The United Kingdom’s Financial Conduct Authority (FCA) has proposed obligatory AML reporting requirements for crypto exchanges.
WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019
China’s WeBank is leading the global banking community in banking technology patents jumping ahead of US giants JP Morgan Chase and Bank of America with 632 filed patents in 2019.
10% of Ethereum Supply Staked in ETH 2.0 in Anticipation of The Merge
Ethereum 2.0, which was recently renamed the consensus layer, continues to gain steam because 12,059,714 ETH has been staked in this deposit contract.
Hacker Steals $1.1m Worth Crypto from Music Streaming Protocol Audius
Audius decentralised music streaming protocol in a tweet acknowledged the hacking incident. It said $6 million worth of AUDIO tokens were stolen. At least $1.1 million worth of the coins were sold.
Burger King Brazil Accepts Dogecoin as a Payment Method for Purchasing a Dog Snack "Dogpper"
The Brazilian branches of Burger King, an American premium fast food service company, officially announced yesterday that it will accept Dogecoin as a payment method for the purchase of a dog snack called "Dogpper".
Cardano Addresses Fake ADA Giveaway Claims on YouTube
Cardano CEO Charles Hoskinson has once again come forward to address the issue of cryptocurrency scams targeting his ADA empire and has been quick to refute any associations phishers made with the Cardano Foundation.
How Can Blockchain in IoT Market Grow 180 times by 2026?
Internet of Things (IoT) is now influencing our day-to-day lives. Today, blockchain has emerged as the probable solution for creating more secure IoT systems. With delegation in place, computation and storage needs can be spread across millions of IoT devices. Thus, the use of blockchain in IoT is benefiting the IoT devices to proficiently scale up. Also, assimilating the blockchain in IoT devices can cut the costs of managing and installing servers for an IoT network.
Hacking Attempts on Upbit Surge to 159,061 in First Half of 2023
Hacking attempts on South Korea's largest cryptocurrency exchange, Upbit, have surged to 159,061 in the first half of 2023, according to data submitted to the National Assembly. The figure represents a 2.17-fold increase compared to the same period last year. Lawmaker Park Sung-jung criticizes the ambiguous role of the Ministry of Science and Technology in regulating the exchange.
Cardano’s Shelley Hard Fork Has Crossed the Threshold of No Return, Plans for Goguen in October
Cardano’s Shelley hard fork has crossed the threshold of no return, where the system will automatically upgrade at the end of the current epoch, on July 29. IOHK CEO Charles Hoskinson announced in a live stream on YouTube: “The hard fork is a go, and we’re marching towards it. The Shelley era will begin on Wednesday.”
Indian Crypto Exchanges Seek Clarity on Legal Status and Taxability from the Reserve Bank of India
Crypto exchanges and companies in India are still seeking regulatory clarity and tax status from the Reserve Bank of India following a Supreme Court ruling in favor of the crypto industry earlier this year. India’s Supreme Court reversed the ban placed by the central bank on financial institutions offering crypto-related banking services. It is two months after lifting the ban, crypto exchanges and firms are now seeking clarification regarding the nature of their operations.
The UK's Regulatory Policy Committee is Against the FCA
The Regulatory Policy Committee thinks the 2021 action is unjustified now. The Department for Business, Energy, and Industrial Strategy funds the committee. The restriction is "red," meaning it's unsuitable.
US Files Lawsuit to Recover Cryptocurrency Accounts Linked to North Korean Hacking Operation
The US Department of Justice has filed a suit against North Korean state-sponsored cyber hackers for allegedly perpetrating two major cryptocurrency heists.
Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion
The DeFi space had a busy week with the successful completion of the Shapella upgrade on Ethereum, concerns over privacy related to staking, a major DeFi hack, and a partnership between Fonbnk and Tanda to increase financial inclusion in Africa. The top 100 DeFi tokens had a bullish week, and Glassnode predicted only a small percentage of staked ETH would be withdrawn.
Ex-CEO of Investment Firm Pleads Guilty to Cryptocurrency Fraud Scheme
Peter Kambolin, the ex-CEO of Systematic Alpha Management, pleaded guilty to a conspiracy to commit commodities fraud involving cryptocurrency futures contracts, as revealed by the DOJ on October 12, 2023. The case, marking a milestone as the first of its kind, unveils a "cherry-picking" scheme where Kambolin misallocated profitable trades to his accounts, misrepresenting trading focuses to investors. With legal proceedings underway, Kambolin faces up to five years in prison, showcasing the authorities' resolve against financial fraud in the crypto sector.
Overthrowing Bitcoin? Charles Hoskinson Says Cardano Set to Become the Next Best Crypto
In his latest Periscope video, Charles Hoskinson, the creator of Cardano, once again emphasizes that the smart contract platform would become technologically superior to leading networks like Bitcoin and Ethereum or any other blockchain in the industry this year.
Crypto Staking in South Korea: Balancing Innovation and Regulation
Balancing innovation and regulation in South Korea's crypto industry, with regulators concerned about staking's potential risks to consumers and market stability.
Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto
While agencies focus their attention on transparent Bitcoin transactions, banks have had an official free pass disclaimer to facilitate money laundering the entire time.
LidoDAO is considering selling or staking its $30 million
LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings.
Tiger King's Carole Baskins Calls Bitcoin "the Future" in BTC Birthday Video
Bitcoin whitepaper turns twelve tomorrow, nine celebrities including the Tiger King documentary’s infamous antagonist Carole Baskins have wished BTC many happy returns.
Ethereum’s Medalla Experiences Critical Bug, but Prysmatic Labs Says ETH 2.0 Launch Is Unaffected
One of the top client teams staking on Ethereum 2.0 testnet announced that the crash that recently occurred was a learning experience and was salvaged.
Starling Bank prohibits crypto purchases and deposits citing danger
Starling has banned crypto-related activity for its cards. Customers can't buy cryptocurrency or accept inbound transactions from exchanges or businesses. The online bank informed clients and posted on Twitter.
Ethereum Calls On Hackers to Attack Ethereum 2.0 in Exchange for Bug Bounty
With Ethereum's plans to launch its 2.0 protocol network, the open-source platform has also decided to tweak its blockchain project to perfection by calling all hackers and challenging them to break into two Ethereum 2.0 attack networks.
China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted
One of China’s four largest banks, China Construction Bank (CCB) has officially released the second version of its blockchain platform for trade finance, reaching 360 billion yuan ($50 billion) in cumulative transaction volume. CCB announced the release of “BCTrade 2.0,” focusing on digitizing trade and financial services between 54 domestic and overseas CCB branches and 40 external organizations. Reported by Xinhua news, these organizations include state-owned banks and foreign banks.
Cardano EUTXO Blockchain Upgrade Will Combine the Best Of Bitcoin and Ethereum
Cardano founder Charles Hoskins recently shared a file on his Twitter feed that outlined how the upcoming Goguen update will implement smart contracts using an extended UTXO purported to offer the best features of both the Ethereum and Bitcoin blockchain record keeping models.
Standard Chartered's Planned Hong Kong Virtual Bank Announced as Mox
Mox is the new virtual bank in Hong Kong to be launched by Standard Chartered in partnership with PCCW, HKT and Trip.com. Launching later this year, the mission of Mox is to help everyone in Hong Kong grow – “your money, your world, your possibilities.”
Sweat Economy Announces Exciting New Campaign: Win a Year's Salary as Chief Walking Officer
Sweat Economy, the biggest move-2-earn project globally on a mission to make the world more physically active, is offering users the chance to win the role* of ‘Chief Walking Officer’, complete with a year’s salary to the value of USD 24,000. The job specification contains on main requirement: to walk a minimum of 5000 steps per day.
Hackers Return $260M amid the Cyberattack against Poly Network
The hacker of the Poly Network has returned as much as $260 million out of the stolen funds.
ETH Holdings on Exchanges Drops Below 18% in 31 Months
ETH holders are still confident that an uptrend is in the offing as they have been withdrawing their holdings on crypto exchanges in droves, as acknowledged by crypto analytic firm Santiment.
Cardano Chief Says He's Not Retiring Anytime Soon
Amid a wave of resignation, Cardano's Charles Hoskinson said he is not retiring soon
FDIC to Offer Guidance on Crypto After it Understands its Associated Risks
FDIC's Martin Gruenberg said more guidance will be given to banks about crypto when it gains more understanding of its inherent risks
Binance Launches AEVO on Launchpool
Binance introduces AEVO, a new decentralized derivatives exchange platform, on its Launchpool, allowing users to farm AEVO tokens by staking BNB and FDUSD.
Charity Commission investigating Effective Ventures Foundation over ties to FTX
The Charity Commission for England and Wales began the probe because crypto exchange FTX is a "major sponsor" of Effective Ventures Foundation.
Charles Hoskinson Changes Ethereum Classic Twitter Account to Ergo's
Charles Hoskinson, the blockchain leader known as one of the key figures responsible for creating Ethereum Classic and Input Output Hong Kong (IOHK), the parent company of Cardano recently converted the Twitter account of Ethereum Classic ( ETC) to that of Ergo Proof-of-Work network on the 6th of October
Cryptocurrency Firms Deny Exposure to Troubled US Banks
Major cryptocurrency firms, including Tether, Crypto.com, Gemini, BitMEX, and others, have denied exposure to dissolved U.S. banks like Silicon Valley Bank and Signature Bank. The firms have taken to social media to assure their users that their funds are safe and accessible despite ongoing issues in the U.S. banking system.
Step Secures $300m Fund, Introduces Crypto Investment Platform for Young Adults
Step has secured $300 million in new debt funding round, which coincided with the company’s launch of a crypto investment platform aimed at minors and young adults - their key clientele.
$8.4m Exploit Breached from DeFi Lending Protocol Moola Markets
Another exploit hits the crypto industry with roughly $8.4 million stolen from Moola Markets. The platform has advised users not to trade mtokens during the investigation of hacking.
Twitter Says Bitcoin Hack Originated From Phone Phishing Attack
On Thursday, Twitter provided an update addressing the massive Bitcoin hack that overtook its platform earlier this month.
Cardano CEO Getting a OneCoin Vibe from Federal Reserve's 'Infinite Cash' Statement
In an interview given to CBS's 60 Minutes on March 22, 2020, Neel Kashkari, the President of Federal Reserve Bank of Minneapolis made a controversial remark on being asked how the state would deal if the situation like 2008 financial crisis would come again due the Coronavirus outbreak.
US Senator Pat Toomey Eyes Senate Banking Committee Chair and Digital Currency Regulations
United States Senator Pat Toomey said he will take on digital currency regulation and payments reforms should he become the Senate Banking Committee’s next chairman.
UK's Advertising Authority Orders Arsenal to Remove "Misleading" Fan Token Ad
The United Kingdom’s Advertising Standards Authority ordered Arsenal FC to remove fan token ads from their official Facebook account and website, accusing the football club of “misleading” investors.
Binance Labs invests in Babylon to foster Bitcoin staking
Binance Labs invests in Babylon to foster Bitcoin staking, marking a significant evolution in Bitcoin's utility and PoS blockchain security.
Cardano Announces Shelley Mainnet Launch for a More Secure and Fully Decentralized Future Leading to the “Voltaire” Era
The blockchain engineering company behind Cardano, Input-Output (IOHK) announced in a blog post that the Shelley code was successfully implemented in Cardano’s mainnet. This announcement marks the biggest upgrade to the Cardano blockchain so far, with the deployment of the Shelley code confirmed to have been successfully released on the mainnet on June 30.
Ripple Outpaced Other Blockchain Companies on Inc's List of Fastest-Growing US Companies
Ripple has outpaced other indigenous blockchain companies on a recently published list of 5000 fastest-growing private companies in the United States.
Signature Bank Team Joins Customers Bank, Part of $21B Customers Bancorp
Customers Bank, a subsidiary of Customers Bancorp (NYSE:CUBI), has announced the successful onboarding of nearly 30 team members formerly employed by Signature Bank, once known for its crypto-friendly stance.
Ziglu Mobile Banking App Makes Cryptocurrency Easy for Everyone
Ziglu, the first UK regulated cryptocurrency bank, has launched its platform app after successfully completing its testing phase.
The UK's HMRC Begin Tax Talks for Cryptocurrency
November 2019 has seen newly published guidelines come into place, with Her Majesty’s Revenue and Customs (HMRC) collecting advice and consulting with third parties to create new principles on different taxes in the United Kingdom.
Ripple (XRP) Check Feature May Soon See the Light of Day
The long-awaited Ripple Check may soon be launched as the margin for the needed votes by the network's validators narrows. With the Check feature, institutions and users will find flexibility in money exchange and adherence to compliance.
Liquid Staking Protocol Lido Activates "Staking Rate Limit" After Record Inflows
Lido Finance, a liquid staking protocol for Ethereum, activated a "staking rate limit" after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe.
Astar Network Publishes Tokenomics 2.0: A New Approach to Inflation, Fees, and dApp Staking
Astar Network unveils Tokenomics 2.0, introducing dynamic inflation, aligned transaction fees, and enhanced dApp staking for sustainable growth.
Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. Adjustments to the fees in that category of transactions will also be made.
UK’s Financial Watchdog Warns of Fraudsters Impersonating Blockchain.com
The FCA has raised the alarm about fraudsters who want to lure the public using a cloned version of Blockchain.com, a crypto wallet and trading company.
Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money
The President of Brazilian Banking Federation has argued that cryptocurrencies do not meet the basic criteria of real currencies.
The U.K. government is recruiting for a head to its central bank digital currency project
The U.K. is hiring a central bank digital currency (CBDC) chief to establish a digital pound. CBDCs promise financial inclusion and lower corporate and consumer expenses. A former Bank of England senior advisor opposed CBDCs. In 2021, 23 million Brits did not use cash, and fewer than 15% of payments are done using cash.
Ethereum co-founder Vitalik Buterin Proposes Signature Reduction
Ethereum co-founder Vitalik Buterin proposes reducing the number of signatures for validators in the PoS system to simplify the system, address technical issues, and enhance network security.
DeFi Platform DFX Finance Says it Has Been Hacked for $7.5M
The stablecoin platform DFX Finance is the latest victim of a $7.5 million hack
IOHK Chief Scientist Discusses the Advantages of Cardano's Rewards Sharing Scheme
Chief Scientist of IOHK and Cardano project owner Aggelos Kiayias thinks that decentralization may be Cardano's most important goal.
Winklevoss Twins' Gemini and Archax Exchange Now Licensed by UK Financial Conduct Authority
The UK Financial Conduct Authority has granted a license to the Winklevoss twins’ Gemini cryptocurrency exchange.
Bitcoin Gets an A, EOS Gets an F in Latest Blockchain Report
Coin Metrics, the research and analytics firm, have ranked the top ten blockchain networks through a multi-variate analysis. The results may surprise many in the community as popular developer chain Ethereum was a awarded a mere B classification while popular chains EOS and Binance Chain took positions at the bottom of the list with an F grade.
Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update
Morgan Stanley believes that the shares of crypto-focused bank Silvergate bank are underrated and gives a fresh valuation of the stocks owned by Silvergate.
Coinbase Ventures Invests in Decentralized Ethereum Staking Pool Rocket Pool
Coinbase Ventures has invested in Rocket Pool, acquiring RPL tokens to support the decentralized Ethereum staking pool. The move aligns with efforts to scale Ethereum's infrastructure.
Cardano (ADA) Spikes by 20% as Coinbase Pro Adds Support for ADA on its Platform
Cardano (ADA) will be made available on Coinbase Pro starting March 18, at 9 am Pacific Time.
South Korean Bank, KB Kookmin, Shares Blockchain Strategy
KB Kookmin, a major South Korean bank, is planning to adopt blockchain technology into its internal processes.
El Salvador’s Largest Bank Bancoagrícola Starts Offering Bitcoin Services to Customers
Bancoagrícola, the largest bank in El Salvador, has started allowing its customers and merchants to use Bitcoin for payments towards credit cards, loans, and merchant goods and services. The bank has partnered with digital payments gateway Flexa to enable such integration.
KuCoin Loses $150 Million Due to Security Breach But Compensation to Follow
KuCoin, a Singapore-based crypto exchange, has disclosed the suspicious withdrawal of large amounts of Bitcoin, ERC-20, and Ether.
Estee Lauder Uses Blockchain Technology to Further Beauty Solutions
Estée Lauder Companies (ELC) has established a blockchain platform to meet sourcing standards for its Madagascan vanilla.
Staked Ethereum Surpasses Mined ETH
Ethereum locked in the ETH 2.0 deposit contract continues to outway the one being mined on a daily basis, which is a bullish sign.
Moody warns of stablecoin adoption risk
Moody's Investors Service has warned that the recent turmoil in the traditional banking sector and USDC losing its peg could negatively impact stablecoin adoption and increase calls for regulation. The credit rating agency believes that fiat-backed stablecoins like USDC could face new resistance, limiting their stability and potentially causing a run on banks holding Circle's assets, which could lead to the depegging of other stablecoins.
400 Crypto.com Accounts Hacked, CEO Confirms Reimbursement for all Victims
According to a Bloomberg interview, Kris Marszalek, CEO of Crypto wallet provider and trading platform Crypto.com, said he would be more than willing to share information about Tuesday's hack if the regulator has any relevant inquiries.
Blockchain's Adoption & Capabilities Increase against Fraud in Public Finance Sector
Based on blockchain’s inherent capability of tackling fraudulent transactions, this cutting-edge technology is expected to continue being adopted in the banking and financial services sector, according to HashCash Consultants CEO Raj Chowdhury.
Custodia Bank CEO Caitlin Long Slams Regulators
The Custodia Bank CEO joins other crypto leaders in criticizing Washington's "regulation by enforcement" strategy.
Custodia Bank's Application to Join Federal Reserve Rejected
Custodia, a digital asset bank, was denied membership in the Federal Reserve System.
Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach
Origin Protocol is the latest DeFi platform to lose $7 million due to hacking. The company has said that it is working to restore the stolen funds.
The amount of ETH burned will continue to increase as transaction fees are burned
Since September 2022, traders have started withdrawing ETH from exchanges.
Ether Surges to Over $1,900 Ahead of Staking Withdrawals
Ether breaks $1,900 for the first time in over seven months, ahead of the Ethereum Shanghai hard fork that will allow stakers to withdraw their ETH. The recent price increase may be driven by expectations of the Federal Reserve easing its quantitative tightening efforts and increased demand for Ether due to more flexible staking options.
China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies
Chinese authorities have dismantled a $2.2 billion underground banking network that used cryptocurrencies to bypass financial controls, seizing $28,000 worth of digital currencies.
Ritual Teams Up with EigenLayer
Ritual partners with EigenLayer to enhance AI capabilities on Ethereum, leveraging restaking mechanisms for decentralized AI services and economic security.
EY-Led Consortium Submits Bid To Help Develop South Korea's CBDC
A consortium led by Ernst & Young has made the first and only bid to construct the business model for the Bank of Korea’s Central Bank Digital Currency project.
Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector
One of China's major banks, the Industrial and Commercial Bank of China (ICBC) has released its white paper on blockchain-based applications in the financial sector. The document is the first white paper related to blockchain technology in the financial industry. The paper also highlights the present challenges faced by the banking sector.
Global UAE Bank Building Blockchain Architecture for Federated and Sovereign Digital Identity
A global UAE bank is creating a federated and sovereign blockchain architecture for digital identity via HashCash Consultants, to propel its financial and banking operations and prepare for the future of finance.
Coinbase Introduces Ethereum Staking for US Institutional Clients
Coinbase rolls out a new staking crypto service to its institutional clients ahead of Ethereum’s planned transition to a proof-of-stake mechanism, providing more financial options to their portfolios.
Members of Congress Ask IRS for Relaxed Approach to Crypto Staking Taxes
Innovation friendly members of United States Congress have written to the IRS request a level-headed approach to tax on cryptocurrency staking rewards.
Aevo Launches Incentive Program to Boost Trading and Staking
Aevo introduces a trading and staking incentive program, offering enhanced $AEVO earnings for active participants over a four-month period.
How Are Uniswap’s UNI Governance Tokens Taxed?
Uniswap the popular decentralized exchange recently awarded members its UNI tokens. But what do holders need to know about paying tax on UNI governance tokens?
Lido Announces Upcoming Upgrade, Introduces New Staking Router
Staking liquid Lido V2 will allow Ethereum staking reward withdrawals and better staking infrastructure.
More Than 50% of ETH Has Now Been Staked in Preparation for Ethereum 2.0 Mainnet
With just a week left before Ethereum 2.0, the deposit contracts that are needed have surged considerably, topping 50% of its target.
US Congress Reveals most Countries Fail to Tax Staked Crypto, Will This be Resolved as Ethereum Launches Staking?
Taxation for cryptocurrencies differ from one country to another and most have yet to provide clear guidelines on how to tax staked crypto.
KuCoin Hacker Scrambles to Dump Stolen Chainlink Tokens, Crypto Exchanges Collaborate for Clamp Down
The KuCoin hacker has begun dumping his stolen funds, after having made off with over $150 million worth of Bitcoin (BTC), ERC-20 tokens, and Ether (ETH).
JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini
JPMorgan Chase, the largest bank in the United States, has set the ball rolling by accepting crypto exchanges Gemini and Coinbase as banking customers. This is a sign that Bitcoin and other cryptocurrencies are being embraced in the American financial landscape and Wall Street. The bank gave Coinbase and Gemini accounts the green light in April, and transactions are just kick-starting. Reportedly, JPMorgan Chase is offering cash-management services to the exchanges, as well as dealing with dollar-based transactions for their US-based clients.
Ransomware Attack Directed Towards University of California Generated 118 Bitcoin
The University of California, San Francisco’s plans to further COVID-19 vaccine research were disrupted by a ransomware attack on the school’s servers.
MetaMask Developer ConsenSys Responds to European Banking Authority's Consultation on Anti-Money Laundering Measures
The European Banking Authority (EBA) has closed its public consultation on revising guidelines for money laundering and terrorist financing risk factors, extending the scope to include crypto-asset service providers (CASPs). ConsenSys, MetaMask's development lead, defended the EBA's approach, stating self-hosted wallets should not be considered a risk factor and praised the EBA's recognition of blockchain analytics' role in risk mitigation.
UK Authorities Make Record-Breaking Crypto Seizure Worth Approximately $250 Million
UK Police have seized a cryptocurrencies crime worth nearly £180million, approximately $250 million. A 39-year-old woman was released on bail after under arrested.