September 3, 2023

Kava Chain Now Live on Fireblocks, Opening Cosmos DeFi to Institutional Investors

[PRESS RELEASE – Georgetown, Cayman Islands, September 1st, 2023] Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. The integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem...
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Vitalik Address Sells 500 MKR Tokens for 350 ETH!

In a rare move, the Vitalik address has sold 500 Maker (MKR) tokens for 350 Ethereum (ETH) through CoWswap, marking the first time the address has sold MKR in two years. Following the sale, the ETH was transferred to another address, which now holds assets worth over 1 million USD, including 415.76 ETH. The sudden...
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Criptonite CEO Feels Lack of regulatory clarity on cryptocurrencies in the US!

Criptonite Asset Management’s CEO, Florian Rais, has expressed his disappointment at the lack of regulatory clarity on cryptocurrencies in the United States. He believes that the current ambiguity is stifling innovation and growth in the industry. Rais believes that clear guidelines on digital assets would provide much-needed direction to businesses, thereby ensuring a level playing...
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SEBA Bank Might Soon Offer Crypto Services in Hong Kong (Report)

The Switzerland-based financial institution that focuses on cryptocurrencies – SEBA Bank – has reportedly secured an approval-in-principle from Hong Kong’s securities regulator.  The company now needs to comply with additional conditions for final approval before being eligible to provide digital asset services to local consumers.  One Step Away From Offering Crypto Services Based on a...
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Swift Announces Successful Tokenization Experiment Using Chainlink’s CCIP

Global financial messaging network – Swift – announced successfully facilitating a variety of blockchain interoperability tests with multiple financial institutions like Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon. For this purpose, Swift tapped the Web3 services platform Chainlink’s Cross-Chain Interoperability Protocol (CCIP) The company said the experiments are part of its wider...
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92% Decrease in Crypto Losses Due to Hacks and Exploits in August (Report)

The security services platform that offers protection against Web3 bugs – Immunefi – estimated that hackers and fraudsters have drained approximately $23.4 million worth of digital assets from crypto projects in August. While the figure might sound significant, it is 92% less than the recorded losses in July when wrongdoers siphoned over $320 million. Last...
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How Grayscale’s Win Will Reshape the Crypto Industry According to Experts

A few days ago, the U.S. Court of Appeals for the D.C. Circuit ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). The court ordered the agency to review its rejection of Grayscale’s application to turn its flagship Grayscale Bitcoin Trust fund (GBTC) into...
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FTX Alleges Alameda CEO Used Insider Trading Funds for $2.5M Yacht Purchase!

A court filing by FTX, a well-known cryptocurrency exchange, has revealed that Sam Bankman-Fried, the CEO of rival firm Alameda, allegedly used funds gained through insider trading to purchase a $2.5 million yacht. The filing also suggests that Alameda was aware of Bankman-Fried’s misconduct and turned a blind eye. Alameda went on to collapse in...
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52% of Turks Are Crypto Investors, Young Women Show Enhanced Appetite: KuCoin Study

KuCoin’s most recent report focused on the crypto trends in Turkey estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins. The figure was 40% in November 2021, indicating that Turks have shown great interest in employing digital assets as a hedge against inflation in the past...
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3 Important Shiba Inu and Shibarium Updates and What’s Next? Lead Developer Clarifies

Shiba Inu’s ecosystem has gone through quite a bit throughout the past few weeks. It saw what is probably one of the most important releases in its roadmap – the layer 2 scaling solution, thematically called Shibarium. The launch of the network didn’t go without problems, and developers had to temporarily take it private. As CryptoPotato reported...
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Argo Blockchain Reduces Debt and Overall Costs, Revenue Takes a Hit (Report)

The leading cryptocurrency miner – Argo Blockchain – has reportedly decreased its debt to $75 million during the first half of the year. In comparison, it owed $143 million at the end of June 2022.  The company also managed to reduce overall costs and expenses. However, revenue in H1 was significantly less than the one...
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Worldcoin Not the Path to Attain Proof-of-Personhood: Experts Weigh In

Worldcoin – a crypto project by OpenAI CEO Sam Altman – has greatly polarized the Web3 community. At its core, Worldcoin uses Proof-of-Personhood (PoP), which is a mechanism that establishes an individual’s humanness and uniqueness. Proof-of-Personhood has never been more important, especially in the age of surveillance when identity – one of our most fundamental...
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InQubeta on Track to Outpace Chainlink in Market Dominance

The cryptocurrency landscape has seen its fair share of rising and established players, each vying for dominance in their respective niches. One such case is the battle between Chainlink and the emerging powerhouse InQubeta (QUBE). Chainlink, a decentralized oracle network popular for its LINK token, has long been at the forefront of bridging the gap...
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