The Domain Name Server (DNS) of the decentralized staking platform, Convex Finance, was targeted in the latest spoofing exploit. Angel investor Alexintosh first flagged that Convex Finance was asking for user approval to an unverified smart contract address on July 23rd. This suggested that a malicious entity may have sneaked into Convex Finance’s website to...Read More
Bitcoin’s energy consumption has reportedly declined drastically since only three weeks ago. Estimates from the Cambridge Bitcoin Electricity Consumption Index on Friday show that the network now consumes more than 25% less power than it did at the start of the month. According to the index, Bitcoin’s current electricity consumption is approximately 10.65 gigawatts. That’s...Read More
An industry spread selloff in digital assets from significant exchanges and the fall of highly rated tokens like TerraUSD and Luna have triggered ripple effects across the crypto industry. The recent mass crypto liquidation wave has triggered fear of contagion risks. Major DeFi lenders Celsius Network and Babel Finance froze withdrawals, and Three Arrows Capital,...Read More
Charles Hoskinson – CEO of Input Output Global (IOK) and founder of Cardano – testified to the U.S. House Subcommittee on Commodity Exchanges, Energy and Credit on Thursday. He provided congress with information about the utility of blockchain, and what responsible regulation of the technology and industry could look like. The Benefits of Transparency In...Read More
Two of the greatest hip hop artists – Eminem and Snoop Dogg – produced a new video that, aside from marijuana, has multiple references to NFTs and BAYC, in particular. Both have experience in the field, owning several digital collectibles. Shady, Snoopy, Bored Apey Marshall Mathers III, as is Eminem’s real name, teased the new...Read More
The world of Defi has been spectating innovative projects every second day. The projects have been serving varied sectors from self-driving cars to smart cities. New and improved acquisitions hit the market every other day. One of those competent inventions is Convex Finance, which boasts its native token CVX. Curve Finance, a decentralized exchange platform...Read More
Ronin Network, an EVM blockchain powering popular play-to-earn game Axie Infinity, has announced the reopening date for its bridge three months after it was exploited by the infamous North Korean cybercrime gang “The Lazarus Group.” Ronin Bridge to Reopen on June 28 Announcing the restart date on Twitter, the project said its engineering team has...Read More
Tl;dr: The replatforming of Coinbase Wallet’s mobile app reflects our commitment to improving access to web3. In this blog, we discuss why the transition to React Native marks a critical turning point for both our users and our technical teams. By Chintan Turakhia, Director of Coinbase Wallet Engineering, and Dan Coffman, Coinbase Wallet React Native...Read More
A spokesperson from the Dubai Financial Services Authority (DFSA) has confirmed that the embattled VC firm Three Arrows Capital (3AC) was not registered in the region. “We can confirm that Three Arrows Capital is not a DFSA authorized firm and is not regulated by the DFSA,” said a DFSA spokesperson in an email to CoinDesk....Read More
This week has been rather bullish for most digital assets as the market continues to show splendid recovery after hitting its bottom on June 18th. Bitcoin price is up over 3% today, trading at $21.2k, Ethereum price managed to close in at $1.2k, BNB is up over 12% this week, trading above $240, XRP saw...Read More
US Securities and Exchange Commission (SEC) Chair Gary Gensler has sought a formal cooperation between financial agencies to regulate the crypto assets effectively. One Rulebook for Crypto Trade According to a news report in the Financial Times, Gensler said there should be one rule book so that bad actors don’t make use of regulatory gaps and...Read More
[PRESS RELEASE – Please Read Disclaimer] On June 18, 2022, Huobi Incubator co-hosted and sponsored BeWater DevCon 2022, in partnership with BeWater, a hardcore developer community. Held in the San Francisco Bay Area, the developer conference was designed to encourage dialogue and collaboration between blockchain and Web3 developers in the U.S. and Asia. Over 300...Read More
Coinbase Derivatives Exchange, previously FairX, is all set to launch its first listed crypto derivatives product – Nano Bitcoin futures (BIT). BIT Futures on Coinbase Derivatives Exchange According to the official announcement, BIT will be available to retail investors to trade from June 27 on the CFTC-regulated futures exchange. Boris Ilyevsky, Head of Coinbase Derivatives...Read More
It has become challenging for miners to expand their operations as the schedule of the Ethereum Merge has become uncertain in the near times. The difficulty bomb is a computer program in the Ethereum blockchain meant to raise the complexity of mining ETH regularly. Developers have repeatedly delayed it in the merging, causing many problems...Read More
Binance has announced launching its new flagship platform for VIP and institutional users. With the new platform, dubbed “Binance Institutional,” the crypto exchange giant aims to upgrade its institutional offerings and services. The entities Binance is targetting with its latest offering include corporates, asset managers, brokers, hedge funds, family offices, high-net-worth individuals (HNWIs), liquidity providers, proprietary...Read More
[PRESS RELEASE – Seoul, South Korea, 23rd June 2022] Korea Blockchain Week 2022 (KBW2022) is holding its first live event since the dawn of the Covid-19 pandemic in 2020, finally bringing the most respected leaders in the blockchain field to Seoul, on August 7-14, 2022. KBW2022 will take place in the heart of Seoul at...Read More
[PRESS RELEASE – Singapore, Singapore, 21st June 2022] Phala Network today announced its official release of the first Soulbound token use case for PhalaWorld, a metaverse gamification extension based on the Phala Network blockchain. The new ‘Play to Build’ concept combines user behavior, characters, communities, and sci-fi stories on the Phala blockchain, integrating strategy, development,...Read More
The price of Bitcoin continued to fall yesterday, dropping as much as 2.9 percent to $20,244. BTC is currently trading at $20,357.77, a slight improvement from yesterday. Notably, it is moving in tandem with the weakening stock market due to concerns about a global recession. Controversies on the Bitcoin Launch Timing Satoshi Nakamoto started working...Read More
China has had a rocky relationship with the world of blockchain and digital assets for the past couple of years. Originally a country conducive to mining, trading, and other activities, 2021 led to crackdowns on almost everything, mainly due to high energy consumption and a perceived gateway for operations frowned upon by the government. The...Read More
