Yearly archives: 2022

A new hardware crypto wallet designed by the inventor of Apple’s iconic iPod is reportedly coming onto the market. According to a new report by CNBC, iPod creator Tony Fadell designed the crypto wallet for the French startup company Ledger, which plans to start selling the credit card-sized device for $279. Ledger calls the new …

Continue reading “Inventor of Iconic Media Player iPod Creates New Hardware Crypto Wallet With Ledger: Report”

A class action lawsuit that alleges numerous celebrities fraudulently promoted an Ethereum (ETH)-based decentralized finance (DeFi) altcoin to investors is being thrown out. According to new court documents, a judge has tossed the lawsuit saying that the plaintiffs’ allegations are insufficient to state a claim for relief. Celebrities named in the lawsuit include reality TV …

Continue reading “EthereumMax Lawsuit Against Kim Kardashian, Floyd Mayweather and Others Thrown Out”

Central bank digital currency (CBDC) development aims squarely at inclusion, both for the central bank in the national economy and for the people it serves. Meanwhile, the technology for cross-border payments is being developed elsewhere for the most part, according to a new report on the payments industry.  The Digital Money Institute (DMI), part of …

Continue reading “DMI finds CBDCs not targeting cross-border payments, huge potential in Metaverse”

The developers of bridging platform Ren protocol have warned users to unwrap their tokens and bridge them back to their native chains “ASAP,” or risk losing them, according to a Twitter thread from the team. 1) Important notice ⚠️ As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda …

Continue reading “Ren protocol warns users to unwrap tokens or risk losses as upgrade looms”

The crypto markets have been in decline since the start of the second quarter of 2022. Each time it seemed like the apparent crypto winter would experience a minor thaw, another notable collapse happened: Celsius, Three Arrows Capital, and more recently, FTX. Approaching the end of 2022, it appears that the same negative sentiments are …

Continue reading “Countries and institutions move into crypto despite market drop: Report”

Web3 investment firm Paradigm has released a Rust implementation of Ethereum, according to a Dec. 7 announcement from the company’s chief technology office, Georgios Konstantopoulos. The new software, called “Reth,” allows Ethereum validators to launch their nodes using Rust instead of Go, Java, or other languages. A previous Rust implementation had been released by Erigon …

Continue reading “Paradigm releases ‘Ethereum for Rust’ to help ensure network stability”

Changpeng Zhao, chief executive of the top crypto exchange Binance, says disgraced former FTX CEO Sam Bankman-Fried is a “master manipulator” who “perpetuated a narrative” against him. Zhao says on Twitter that it’s a “wrong narrative” that his tweet killed FTX in November. “FTX killed themselves (and their users) because they stole billions of dollars …

Continue reading “Binance CEO Changpeng Zhao Addresses ‘Narrative’ He Says FTX Founder Sam Bankman-Fried Painted Against Him”

December 8, 2022 – Singapore, Singapore DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone, has officially activated the much-anticipated ‘Grand Central’ hard fork on its network at 6:00 a.m. UTC on Thursday, December 8, 2022, on Block Height 2,479,000. The Grand Central hard fork is one …

Continue reading “DeFiChain’s Much Anticipated ‘Grand Central’ Hard Fork Goes Live”

Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse. In letters dated Dec. 7 to Federal Reserve chair Jerome Powell, acting Comptroller of the Currency Michael Hsu, and Federal Deposit Insurance Corporation …

Continue reading “US lawmakers question federal regulators on banks’ ties to crypto firms”

Algorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the subsequent blow-up of Terra’s LUNA token which was used for the asset’s backing. Algorithmic stablecoins are not fully collateralized and rely on different mechanisms to maintain the peg, making them inherently fragile to market conditions.  The UST implosion created a …

Continue reading “Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting”

According to statistics sourced from data aggregator YCharts, seven digital currency funds issued by asset manager Grayscale Investments are currently at a discount of 34% to 69% to their net asset value, or NAV. Holdings tracked in the analysis include the Grayscale Bitcoin Trust; Ethereum Trust, Ethereum Classic Trust, Litecoin Trust, ZCash Trust, Horizen Trust, …

Continue reading “Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV”

The Nomad token bridge announced its relaunch guide after fixing the contract vulnerability that led to a $190 million exploit in August. According to a blog post from Dec. 7, the Nomad protocol will allow users to bridge back madAssets and access a pro-rata share of recovered funds.  A redesign for the token bridge was …

Continue reading “Nomad releases bridge relaunch guide after patching contract vulnerability”