Artificial intelligence research lab Fetch.ai has been granted a request to have major cryptocurrency exchange Binance identify individuals behind a $2.6 million hack. According to a Friday Reuters report, the Royal Courts of Justice in London has ordered Binance to identify the hackers and seize the stolen assets. Fetch.ai reportedly claimed that hackers stole $2.6 …
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Binance has halted Korean won (KRW) trading pairs as part of a raft of changes to its operations in South Korea. In a notice issued on Friday, the crypto exchange giant announced the discontinuation of KRW trading pairs as well as KRW payment options on its service. Other features discontinued include Korean language support on …
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American musician and composer Holly Herndon seems to be capitalizing on the principle of deep-fake technology by allowing fans to use a digital version of herself to create original artwork they can then sell. According to a Thursday announcement from Herndon on Twitter, users who want to make their own deepfakes using the musician’s unique …
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A new U.S. bill could affect competition within the crypto industry. The U.S. Senate has passed a new bill that could reshape how cryptocurrency businesses are taxed. The bill primarily affects cryptocurrency brokers who sell crypto to investors, but it could have far-reaching effects. Here’s what you should know. On August 1, the U.S. Senate …
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SEBA Bank, a FINMA licensed Swiss Bank providing a seamless, secure, and easy-to-use bridge between digital and traditional assets, today announced that it is expanding its products offering into DeFi with support added for Aave (AAVE) and Chainlink (LINK). Aave and Chainlink are pioneers in the DeFi space, with a combined market cap in excess …
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Cirus Foundation is running an Initial DEX Offering (IDO) on Scaleswap, a Polygon-powered fair IDO launchpad, as per a release. The dates will be announced later this week. “The Scaleswap team is pleased to have Cirus as our flagship launch as we see the big potential of Cirus Foundation and a huge market demand for …
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DBS, Southeast Asia’s largest bank, has announced a series of milestones for its crypto business. Its brokerage arm has obtained preliminary approval from the Monetary Authority of Singapore (MAS), Singapore’s central bank, and its crypto exchange will start operating 24-7 to meet the growing demand for cryptocurrency. DBS Sees ‘Keen Interest Among Asset Managers and …
On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends Korean Crypto Services Last week, former CEO of Binance US and former acting …
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The Bank of Ghana (BOG) says it has signed an agreement with Giesecke Devrient (GD) to implement a pilot central bank digital currency (CBDC) project. This pilot CBDC, which is a precursor to the e-cedi digital currency, is set to be tested with banks, payment service providers, merchants, consumers and other relevant stakeholders. Learning From …
Continue reading “Bank of Ghana Selects German Technology Firm as Partner for CBDC Project”
The hacker involved in one of the biggest decentralized finance (DeFi) exploits in history is copping to the heist and returning the more than half-a-billion-dollar sum. The cross-chain swapping DeFi tool Poly Network, which was recently hacked by a pseudonymous attacker known as Mr. White Hat, announced on Twitter that they are working with the …
Big Four auditor KPMG says that institutional investors put a “significant amount” of money into blockchain and cryptocurrencies during the first half of 2021. In a new report, KPMG says growing institutional investor participation is part of a widespread increase in the awareness of crypto assets and the digital asset industry at large. ADVERTISEMENT …
United States Senators have cast their votes, and the contentious HR 3684 infrastructure bill cleared in the upper Congress chamber. Now, the gigantic document of over 2,700 pages and amounting to almost $1 trillion is heading to the House of Representatives, including the provisions expanding the definition of a cryptocurrency broker, designed to beef up …
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It was a topsy turvy week — “staggering,” a crypto veteran called it. One that saw United States Senator Ted Cruz and Senator Ron Wyden collaborate on behalf of the cryptocurrency and blockchain industry — albeit, in a lost cause. These events could eventually pave the way for future regulatory success, though it may not …
Continue reading “Biden’s infrastructure bill doesn’t undermine crypto’s bridge to the future”
Trading volumes on peer-to-peer nonfungible token (NFT) marketplace OpenSea have surged by over 12,000% in 2021. DappRadar data shows that the total incoming value to OpenSea’s smart contracts increased to $56.07 million on Wednesday compared to $73,556 on Jan. 1. Meanwhile, the marketplace’s user count increased from 315 to 14,520 in the same period — …
Continue reading “OpenSea trading volume explodes 76,240% YTD amid NFT boom”
