When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn’t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone’s benefit. To the contrary, if anything can be taken away from that document and the message encoded in the genesis block, it’s that centralized …
Continue reading “Satoshi Versus the ‘Infrastructure Bill’ — Political Permission Not Required”
press release PRESS RELEASE. The blockchain-based metaverse Dvision Network is set to become part of history in what promises to be an action-packed event. The NFT metaverse will be hosting the ‘’Live debate’’ on the Cryptocurrency Legislation and Improvement Measures organized by the National Assembly of the Republic of Korea. Live Debate to be broadcasted …
The Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a million dollars in monthly turnover and allegedly sending money to digital wallets operated by Russian payment providers. Law Enforcement Busts Cryptocurrency Exchangers in Ukraine Officers from Ukraine’s main law enforcement …
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The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From Authorized Exchanges Seeing an opportunity to use exchange transactions as a …
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XRP bumped this morning on the back of several fundamental developments even as top cryptocurrencies tumbled down. Traders reacted accordingly. XRP jumped nearly 19% in the past day—from $0.88 to $1.06—before dipping slightly in the early hours this morning. As such, the move was part of a larger trend from the $0.5 price level in …
Continue reading “XRP bumps 19% to $1, while ICP loses 10% as markets slightly dip”
An address linked with the infamous hacker of decentralized finance (DeFi) cross-chain bridging protocol, Poly Network, has returned over $260 million stolen from the network. $260 million (As of 11 Aug 04:18:39 PM +UTC) of assets had been returned:Ethereum: $3.3MBSC: $256MPolygon: $1M The remainings are $269M on Ethereum, $84M on Polygon — Poly Network (@PolyNetwork2) …
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Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of a large chunk of the stolen funds. Kucoin’s Recovery From Attack …
Continue reading “Kucoin Boss on Strategy After Hack: ‘We Chose to Act’”
While non-fungible token (NFT) assets have been raking in millions, numerous NFT projects like Cryptopunks, Meebits, and Bored Ape Yacht Club (BAYC) have been outpacing the competition. The BAYC NFT collectibles is a collection of 10,000 Bored Ape NFTs and just recently the project sales volume has risen exponentially as it rests just below Cryptopunks …
Italian soccer club AC Milan and Bitmex have reached a long-term partnership agreement that will put the logo of the cryptocurrency exchange on Milan’s jerseys. As part of the sponsorship deal, Bitmex will become Milan’s ‘official sleeve’ and ‘crypto trading’ partner. Bitmex Brand to Feature on Sleeves of Milan Playing Kits Bitmex, a leading crypto …
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A major South Korean remittance service provider partnered up with Ripple in a bid to power up payments between the country and Thailand. Set to expand into additional remittance corridors, GME Remittance joined a flock of Korean financial institutions and money transfer companies already on RippleNet, as the blockchain-based payments company continues bolstering its presence …
Continue reading “Ripple (XRP) will now scale remittances between Korea and Thailand”
On August 11, the blockchain intelligence firm Chainalysis published its findings on the recent Poly Network hack which saw the loss of approximately $611 million crypto tokens. The assessment from Chainalysis backed up the claims made by the security company called Slowmist that shows the hacker left a fingerprint on the relatively unknown exchange Hoo.com. …
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, is increasing his cryptocurrency allocation. He is also taking an equity stake in the FTX crypto exchange and has signed a multi-year deal to become its ambassador and spokesperson. He will be paid in crypto for his services. Kevin O’Leary Increasing His Crypto Allocation Shark Tank’s Kevin …
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U.S. Congressman Patrick McHenry has slammed the U.S. Securities and Exchange Commission (SEC) for asking for jurisdiction over all crypto exchanges, including non-securities ones. He called it “a blatant power grab that will hurt American innovation,” adding, “We don’t need another backroom deal between Gensler and Elizabeth Warren.” Lawmaker Slams SEC for Blatant Power Grab …
The Nasdaq-listed auto insurance company Metromile has purchased $1 million in bitcoin. The company plans to “become the first insurance company to allow policyholders the option to pay for insurance and receive payment for eligible claims in either bitcoin or dollars.” Auto Insurance Platform Adds Bitcoin to Balance Sheet The Nasdaq-listed insurance company Metromile Inc. …
Biconomy, a multichain relayer network building infrastructure to simplify the Ethereum and Web 3.0 experience, announced today the launch of its Hyphen mainnet, as per a release shared with CryptoSlate. The protocol enables instant and low-cost token transfers across different blockchains. Why need an Ethereum-Polygon bridge? L2s have seen an exponential increase in demand with …
Continue reading “Transferring assets between Ethereum (ETH) and Polygon? This will help”
