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Worldcoin Launches Advanced Identity Verification in Singapore
Worldcoin expands to Singapore with World ID verification, following a temporary pause in India due to high demand and regulatory scrutiny.
Binance CEO Responds to Forbes Article on Fund Shuffling
Binance CEO Changpeng Zhao responded to a Forbes article that focused on the movement of funds by the cryptocurrency exchange. The article drew parallels between Binance and the now-defunct FTX and discussed the failed Voyager bid by Binance.US, as well as the United States Securities and Exchange Commission’s planned legal action against Paxos Trust Company, the issuer of the Binance-branded stablecoin, Binance USD (BUSD). Binance transferred $1.8 billion in stablecoin collateral to hedge funds such as Tron, Amber Group and Alameda Research between August and December 2022. Binance says it still supports BUSD and is now looking into non-USD stablecoins.
S Korea's SK Telecom Acquires 35% Stake on Local Crypto Exchange Korbit
SK Square, an investment company owned by South Korean wireless telecommunications company SK Telecom Co Ltd, has invested 90 billion won (about $75.4 million) in the crypto exchange platform Korbit.
Orbs Releases Smart Contract for Validators in TON Blockchain
Orbs has released a new smart contract, called the single nominator, designed for validators in the Telegram Open Network (TON) blockchain. The contract allows validators to have an isolated cold wallet for securing their validation process, enhancing their independence, security, and protection against gas-spending attacks.
Significant Crypto Hacks in December 2023, with Orbit Bridge Exploit Leading the Surge
In December 2023, a significant increase in crypto thefts was triggered by an $81.5 million attack on Orbit Bridge, marking one of the largest attacks on cross-chain bridges in recent years.
Worldcoin Whitepaper Analysis: Revolutionizing Digital Identity and Global Finance
Worldcoin aims to establish a global "proof of personhood" system using custom biometric hardware, as outlined in its newly released whitepaper.
Predictions of Rising Potential for Bitcoin and Ethereum in 2020
A recent Forbes article gives us insights into the driving forces which could determine the trends to follow in the upcoming year, within the cryptocurrency market. Read more in the article below, with insights from leaders from BIS, NEM Ventures, Close Cross, and CVA.
Bithumb to Terminate Trading Support for Orbit Chain (ORC)
Bithumb, following the decision of the Digital Asset Exchange Joint Consultative Body (DAXA), will terminate trading support for Orbit Chain (ORC) to protect investors. The schedule for trading and withdrawal has been announced.
Crypto Winter Beats Top Crypto Billionaires from US Ranking - Forbes
The downturn in the broader digital currency ecosystem has hit some notable billionaires in the US, pulling four names out of the wealthiest American’s list according to Forbes data.
South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations
The heads of Bithumb, Korbit, Coinone, and Upbit signed a memorandum to form a company with a system, which will enable them to adhere to anti-money laundering regulations.
Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award
OrBit Markets, a Singapore-based liquidity provider, has been awarded the 2023 Google Cloud Customer of the Year Award for its exceptional use of Google Cloud technologies for trading data processing.
South Korea’s Leading Crypto Exchanges Aid Police in Hunting "Nth Rooms" Blackmail Porn Members
The four primary crypto exchanges in South Korea, namely Coinone, Korbit, Bithumb, and Upbit, have reportedly offered to help police investigate the sexual exploitation of underage girls in the “Nth Rooms” scandal that has sparked a national outcry.
OKX Ventures Invests in Orbiter Finance's Decentralized Layer 2 Protocol
OKX Ventures invests in Orbiter Finance, a decentralized cross-Layer 2 protocol on Ethereum, aiming to redefine blockchain infrastructure and enhance decentralization.
Binance Invests $200M in Forbes ahead of SPAC IPO
Crypto exchange Binance is investing as much as $200 million in Forbes, through a new venture that will see the media unicorn go public listing in a merger with SPAC Magnum Opus.
19 Crypto Billionaires Rank among Forbes’ Annual World’s Billionaires List, Increased by 58% from Last Year
The number of crypto billionaires increased from 12 in 2020 to 19 in 2021, increased by 58%, according to the Forbes’ Annual World’s Billionaires list.
S. Korean Exchanges to be Held Accountable for LUNA Crash
According to the latest reports from local media platform Newspim, the top cryptocurrency exchanges are now likely to be held accountable for failing to implement measures to protect investors from the crash.
Orbs and Fantom Integrate to Push the Boundaries of Web3
The bridge between the major blockchain networks has set its sights on one of the new contenders to join the race for Web3, Fantom
Nearly 30% of the Top 65 World’s Wealthiest People Invested in Crypto: Forbes Survey
The world’s richest individuals are also jumping on the crypto bandwagon because approximately 30% of the top 65 globe’s super-rich have directly or indirectly invested in cryptocurrencies, according to a Forbes survey.
Cross-chain Orbit Bridge allegedly experiences a $82 million exploit
Orbit Chain experienced $81.6 million in financial loss due to unauthorized transactions, involving fake signatures and unauthorized transfers of cryptocurrencies into new wallets.