It was on February 24, 2022, that Russia launched the military offensive on Ukraine. On the completion of one year of the war, Chainalysis came up with a report tracking crypto donations to both Russia and Ukraine. The report says Ukraine received nearly $70 million and pro-Russian groups $5.4 million in crypto donations since the war broke...Read More
The cryptocurrency exchange Coinbase estimated in its latest study that every fifth American has already hopped on the cryptocurrency bandwagon. There are more HODLers among youngsters and people of color. Crypto Can Update the Financial System Coinbase surveyed over 2,000 American adults to determine their thoughts on the current global financial network and check their...Read More
The Tel Aviv Stock Exchange (TASE) is willing to enable clients of its non-banking members to trade cryptocurrencies. Its proposal comes as a result of the turmoil experienced in the sector last year, which according to numerous watchdogs, was a prerequisite for imposing stricter regulations. Authorizing NBMs The TASE – Israel’s only public stock exchange...Read More
Solana outages have yet again sparked questions about the design of the premier Layer 1 blockchain. The validators tried to restart the network twice over the weekend after the on-chain activity froze. At one time, Solana was processing only 93 TPS. Following the performance degradation, the validator community eventually had to opt for a synchronized...Read More
Coinbase – the largest crypto exchange in the United States – announced that it is halting BUSD trading one week after the stablecoin’s issuer ceased minting new units of the token. According to a tweet from Coinbase on Monday, the exchange will suspend trading for the token across Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase...Read More
Lendhub, a relatively small cross-chain crypto lending platform operating on HECO, was exploited to the tune of $6 million dollars earlier this January. Attack Possible Solely Due to Poor Coding The attack was carried out due to a poorly-executed removal of a deprecated IBSV cToken. Its replacement, which was already active, had an identical price...Read More
[PRESS RELEASE – Seoul, South Korea, 27th February 2023] Derby Stars, a horse-racing metaverse game on Polygon blockchain, has opened its “Early Access” version from February 27th to March 20th. Developed by a team of experienced game developers, Derby Stars promises to be an exciting new addition to the world of digital horse racing. The...Read More
[PRESS RELEASE – Dubai, UAE, 27th February 2023] Alpha Blue Ocean (“ABO”), based in the Bahamas and Dubai, has announced the launch of a new private investment firm, ABO Digital, that will provide alternative financing solutions to early-stage and high-growth companies in the digital asset space. Leveraging ABO’s experience as a structured Private Investments in...Read More
During the Covid-19 global pandemic, Bitcoin skyrocketed to its ATH of around $69k. Global markets were closed to minimize the spread of the contagious pandemic. In a bid to bolster struggling economies, most governments ended up printing more money, as observed in the United States, which offered several fiscal stimuli in trillions of dollars. As...Read More
The renowned Canadian musician – Aubrey Drake Graham (better known as Drake) – parted with $400,000 worth of bitcoin after Jake Paul lost his fight against Tommy Fury. Had Paul knocked out his opponent, the singer would have generated a profit of over $1 million in BTC. Entangled in the ‘Drake Curse’ The musician wagered $400K worth...Read More
Liquid staking protocol Lido Finance recorded its highest daily stake inflow on Saturday, with more than 150,000 ether (ETH) staked on the platform. According to Web3 data analytics platform Lookonchain, Tron blockchain founder Justin Sun staked 150,100 ETH worth $240 million on Lido. On-chain data shows Sun deposited the assets in four separate transactions. Lido Activates...Read More
[PRESS RELEASE – Please Read Disclaimer] By this point in time, the power of social media to inform us about local and global events is undeniable. However, the free flow of information has also made it easier for misinformation to spread like wildfire, causing real harm in its wake. Tech giants such as Facebook and...Read More
Gary Gensler’s recent interview with New York Mag (NYMAG) has ruffled feathers across the crypto industry again. The SEC chair reiterated that he considers all crypto assets and all transitions to be subject to U.S. securities laws, aside from spot trading for Bitcoin. Although crypto assets have yet to be officially classified, Gensler said “everything...Read More
