In brief: Coinbase has blocked over 25,000 crypto addresses related to Russian individuals or entities believed to be engaged in illicit activities The addresses were identified through Coinbase’s blockchain analytics program Most of the crypto addresses had been identified before Russia invaded Ukraine on February 24th Blockchains are very transparent and provide a formidable tool …
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The EOS network benefited from a 273% increase in total value locked in February. Lending platforms EOS REX and DeFiBox are the two major contributors to TVL. Development activity on EOS also remains consistent. The EOS network experienced an unusually high increase in total value locked (TVL), gaining 273% in the month of February. EOS …
Quick take: Binance has launched its official fiat-to-crypto payments provider Known as Bifinity, the platform will be powered by Binance Bifinity has partnered with EQONEX, a Nasdaq listed crypto exchange Bifinity has also partnered with Safepal and Zilliqa to offer fiat on and off-ramp solutions to their user base The payments platform has also partnered …
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Quick take: FTX has acquired an operational license from the Cyprus financial regulator of CySEC The crypto exchange now has the go-ahead to offer crypto products and services across the European Economic Area FTX Europe will be headquartered in Switzerland with a regional base in Cyprus The exchange promises to work with regulators in the …
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OpenSea sales recorded a slight decline in February. The marketplace recorded sales worth $3.65 billion as compared to $5 billion reported last month Meanwhile, Avalanche and Flow Blockchains continue to soar despite the current NFT market slump The overall trading volume of NFTs recorded a slight slump in February, after gaining wider momentum in January …
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Quick take: Billionaire founder of Citadel Securities has changed his mind about cryptocurrencies Mr. Griffin admitted that he had not made the right call on crypto over the last 15 years Citadel Securities is considering an offering of cryptocurrencies to institutions and investors Ken Griffin, the Billionaire founder of Citadel Securities, has changed his mind …
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Quick take: Officials in the EU and US have expressed concerns that Russia might use cryptocurrencies to evade sanctions The EU is taking all measures to guarantee that digital assets will not be an alternative for Russia amidst sanctions US Senators have asked Treasury officials, how they are overseeing digital assets in the wake of …
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Metamask abruptly halted its services in Venezuela last night citing compliance issues The sudden abruption in services prompted Venezuelans and Iranians to tag MetaMask on Twitter, seeking quick redressal to the problem. MetaMask later revealed the issue had resulted due to a misconfiguration which has now been resolved Several MetaMask users based in Venezuela had …
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In Summary Ukraine canceled its airdrop short before it was due. Instead, the country will release NFTs to support the Ukrainian Armed Forces. Ukraine has received over $50 million in crypto donations so far. Ukraine has turned around on its decision to airdrop fungible tokens to those who donated to its cause, Vice Prime Minister …
Quick take: ConsenSys is facing a multi-billion audit as a result of 35 shareholders filing a request with Swiss Courts to investigate irregular financial transactions The transactions involve the transfer of intellectual properties and subsidiaries from ConsynSys AG to ConsenSys Software Incorporated (CSI) without the knowledge of the 35 shareholders Joseph Lubin is a major …
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In brief: Treasure DAO has been exploited with hundreds of NFTs stolen The exploit was carried out through a series of transactions The hack was the result of a bug in distinguishing ERC721 and ERC1155 in ‘buyitem()’ The team at Treasure DAO has apologized to those affected and frozen the marketplace Treasure DAO’s code is …
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Samson Mow is leaving Blockstream to pursue “nationwide BTC adoption” Mow tweeted his plan, stating that Mexico is on the list that could soon adopt Bitcoin A report issued by Fidelity Digital states that 2022 might be the era when many sovereign nations could adopt Bitcoin Samson Mow, the chief strategy officer at Blockstream, has announced his …
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Bitcoin and crypto are growing as financial strongholds in the wake of recent events. Ukraine has received over $50 million in crypto donations, and citizens of both Ukraine and Russia are flocking to crypto platforms. Crypto is emerging as a reliable asset against governmental forces. Bitcoin and cryptocurrencies have quickly emerged as a stronghold of …
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In brief: The Ukrainian government has announced an airdrop to addresses that have donated to the humanitarian and military effort in the country Exact details of the airdrop are yet to be provided and whether it will include only Ethereum addresses Crypto has been donated to Ukraine using other networks such as Tron, BSC, and …
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The widely anticipated Pixelmon NFT project became a source of ridicule upon its launch as the crypto Twitter addressed the art as one of the “worst NFT projects ever to have launched.” Pixelmon NFT was one of the most hyped and anticipated crypto NFT launches which had accumulated a staggering $70 million in funding. The …
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