New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well. Draft Legislation on Crypto Mining Allows Russian …

Top 100 DeFi Crypto Project Suffers 20-Hour Network Outage Due to Technical Issue

A top-100 decentralized finance (DeFi) crypto project is recovering after enduring a 20-hour network outage due to a technical error this week. THORChain (RUNE), a decentralized cross-chain liquidity protocol, announced on Thursday afternoon that its chain had halted. On Friday morning, the project said the network was operational again after a 20.5-hour outage. THORChain developers …

Japanese Crypto Exchange Aims To Go Public on the Nasdaq Next Year

A Japanese crypto exchange and Web3 platform is looking to grow by going public on the Nasdaq Stock Market by 2023. According to a Q2 fiscal report filed with the U.S. Securities and Exchange Commission (SEC), Tokyo-based crypto exchange platform Coincheck is planning to go public on the Nasdaq next year. The report also details …

Dogecoin price rallies 150% in 4 days, but DOGE now most ‘overbought’ since April 2021

The Dogecoin (DOGE) price rally extended further on Oct. 29 in hopes that the cryptocurrency would get a major boost from Elon Musk’s Twitter acquisition. Elon Musk boosts Dogecoin price again Dogecoin price jumped by nearly 75% to reach $0.146 on Oct. 29, the biggest daily gain since April 2021. DOGE/USD daily price chart. Source: …

FTX CEO Sam Bankman-Fried Denies Offering $15 Billion for Elon Musk’s Twitter Buyout

FTX’s Sam Bankman-Fried has denied all speculations claiming that he offered $15 billion for the Twitter takeover.  The crypto billionaire initially offered between $3 billion to $5 billion to finance the deal but later rescinded the offer. SBF shared a report published by Axios, confirming the correspondence with Musk. The FTX CEO does hold a …

Ripple’s XRP Holdings Sink Below 50% of the Outstanding Supply for the First Time, According To Quarterly Report

Ripple’s holdings of XRP have sunk for the first time ever below 50% of the total outstanding token supply, a new report says. Ripple has faced criticism for owning a large amount of XRP with some arguing it gives the group too much control over the XRP Ledger (XRPL), a decentralized public blockchain. In Ripple’s …

Huobi May Soon Lay Off Employees Under Its Rumored CEO Justin Tron’s Leadership: Report

As per a tweet shared by Wu Blockchain, Justin Tron may soon initiate mass layoffs in his newly acquired exchange Huobi. Wu further shared how Huobi’s CEO and CFO have already submitted their resignations to Justin Tron. Per a recent tweet shared by Wu Blockchain’s journalist Colin Wu, the former CEO and CFO of Huobi …

Cardano’s Founder, Charles Hoskinson, Says $DOGE Could Soon Merge With Twitter. Is Twitter Finally Getting Doge Payments?

Cardano’s Charles Hoskinson believes that Elon Musk may soon merge Dogecoin with Twitter  Musk had earlier tweeted his intention of adding Doge payment integration to Twitter. Cardano’s founder and IOHK head, Charles Hoskinson, believes that Dogecoin could soon merge with Twitter now that the internet’s “Dogefather,” Elon Musk, has taken control of the social media …

Blockchain Security Alliance Q3 2022 Blockchain Security Report

1  Q3 2022 Blockchain Security Overview A total of 37 major exploits were monitored, with a total loss of approximately $405 million In the third quarter of 2022, Beosin EagleEye monitored over 37 major attacks in the Web3 space, with total losses of approximately $405 million, down approximately 43.6% from $718.34 million in Q2 2022 …

Zksync Devs Plan to Launch Layer 3 Scaling Solution Called ‘Opportunity’ in Q1 2023

Matter Labs, the team behind the Ethereum layer two (L2) scaling protocol Zksync, revealed the developers plan to launch a layer three (L3) proof of concept called “Opportunity” in the first quarter of 2023. The team says that the prototype of L3 will be built on top of L2 and developers and Zksync users can …

Twitter Reveals ‘NFT Tweet Tiles’ in Order to ‘Impact’ the Social Media Experience

According to the social media company Twitter, the firm plans to launch a new feature called “NFT Tweet Tiles,” a segregated panel within a tweet that showcases non-fungible tokens (NFTs) and the marketplaces that list the specific NFT shared. The new NFT concept is expected to drop soon, in order to “impact the Tweet experience,” …

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