The government of Kazakhstan identified 106 cryptocurrency mining farms that operate without the necessary licenses. The authorities halted 51 of them, while 55 ceased their operations voluntarily. The Latest Crackdown Earlier this year, Kazakhstan declared war on illegal digital asset mining farms. Minister Bagdat Musin claimed that they could negatively impact the nation’s energy network:...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) The last major hydrocarbon energy shock occurred because Arab suppliers rug pulled the West. The Gulf States “lived their...Read More
The popular Ethereum wallet “MetaMask” is officially launching its own token, as confirmed by Consensys CEO Joseph Lubin. The team will also reportedly launch a decentralized autonomous organization (DAO) for funding the wallet’s growth. MetaMask competes with other self-custodial wallets like MyEtherWallet and Coinbase Wallet for interacting with web 3. Individuals and institutions can use...Read More
Ukraine’s president has officially signed the virtual asset bill to legalize cryptocurrencies for income, exchange, and business, as approved by parliament last month. This comes after weeks of financial support from the crypto community for help in fending off Russia’s invasion. According to a statement from the Ministry of Digital Transformation of Ukraine, the new...Read More
The meme coin community has set its aspirations for a bullish leg-up on the prominent meme coin Shiba Inu. In hope of SHIB initiating a similar run from October, where fellow meme coins had followed suit. The yearn for a moonish price surge intensifies following the buzz around Shiba Inu and Turkey. The buzz in...Read More
Digital asset custodian Hex Trust has announced raising $88 million in a Series B funding round. As per the official blog post, the funding round was led by Animoca Brands and Liberty City Ventures. Hex will deploy the funds towards expanding its footprint and scaling its operations. Hex Trust’s Funding Round The funding round also...Read More
Aave – the popular web 3.0 lending protocol – has released its anticipated V3 update. The new version includes multiple new features that reportedly offer “increased capital efficiency” and “enhanced decentralization”. According to an announcement from the company, one of the new features includes “Portals” allowing for transfers of Aave V3 assets across different chains...Read More
US Attorney Dena J. King announced that law enforcement seized $547,000 worth of bitcoin from a criminal who conned an elderly person last year. The officials will return all funds to the victim. Cracking Down a Crypto Scam In its latest efforts to fight fraudulent activities involving cryptocurrencies, American officials confiscated more than $500,000 in...Read More
The cryptocurrency exchange FTX collaborated with the fintech company AZA Finance to expand the adoption of cryptocurrencies throughout Africa. Additionally, the two entities will aim to connect the Web3 economy with the countries from the continent. FTX’s Latest Partnership One of the largest digital asset trading venues – FTX – continues to strike important deals...Read More
[PRESS RELEASE – Llanelli, Wales, 15th March 2022] SAMURAI SAGA is not a typical NFT collection. It’s an entire ecosystem, developed and revolving around three unique and industry-leading components – Artwork, Staking & Gaming. Much more than the standard NFT collection, Samurai Saga is a part of the Open World where collectors can hang out...Read More
By Prakash Hariramani, Senior Director, Product Management, and Bipul Sinha, Senior Product Manager Today, we are introducing Coinbase Pay, the easiest way for Coinbase users to fund their Coinbase Wallet from the Chrome browser extension and explore web3. Over the past year, DeFi, NFTs, and other web3 services have seen tremendous adoption. However, a key...Read More
[PRESS RELEASE – Please Read Disclaimer] MaskEX Crypto Exchange will not ban its wallets connected with Russians or Russian Federation. After long discussions inside the team, MaskEX could not stand idly and decided to clarify its point for the rest of the world. Considering the current situation around Ukraine, almost all spheres react to the...Read More
Canadian payments technology firm, Nuvei, is teaming up with the prominent hardware wallet provider, Ledger. In a press release shared with CryptoPotato, Nuvei said the move will allow direct on-ramps for more than 125 cryptocurrencies with all the leading fiat funding options via its recently acquired payment solution provider, Simplex. The Partnership Ledger users, with...Read More
Top Gainers: Waves(WAVES), The Graph Token(GRT), Basic Attention Token(BAT) The Graph TOken(GRT) The GRT price followed a serious descending trend ever since the beginning of the year 2022. However, the asset witnessed a huge influx of volume from the past couple of days which uplifted the price by more than 44%. However, the asset is...Read More
Not one, but two decentralized finance (DeFi) protocols – Agave and Hundred Finance – were exploited in a fresh case of a “re-entrancy” attack. The hacker reportedly managed to siphon funds worth $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI on both DeFi protocols on the Gnosis chain using a...Read More
HSBC, a British banking organization with little-to-no positive words and approach to the cryptocurrency industry until recently, will collaborate with The Sandbox to foray into the metaverse. The announcement from the Animoca Brands subsidiary informed that the new partnership will allow the banking giant to “open up a host of opportunities for virtual communities across...Read More
Meta (formerly Facebook) threw in the towel on its grand plans to create a digital currency last year. Earlier in 2022, though, it sold the remaining assets to Silvergate Capital for $182 million. The team behind the original Diem project announced they were working on a new blockchain called Aptos in late February. On March...Read More
The Shanghai Public Security Bureau and the Yangpu Public Security Bureau conducted a joint investigation on pyramid schemes using cryptocurrencies. Shortly after, the authorities busted an online platform, which drained nearly $16 million in digital assets from its victims over the years. Shanghai’s First Cracked Crypto Pyramid Scheme According to a local report, the organization...Read More
