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CMC’s Strategic Incubation of Galaxis Unveiled: A New Era for Blockchain-Powered Communities
8.2.2024
PRESS RELEASE. Zurich, Switzerland, February 8th 2024, Chainwire. CoinMarketCap’s incubation thrusts Galaxis into the spotlight, merging unmatched crypto intelligence, broad market reach, and a massive global user base to prime Galaxis for an impactful launch. In an innovative leap forward...
Crypto Widget WordPress Plugin Flagged as “Critical” Cybersecurity Risk
8.2.2024
A crypto widget plugin for web content management system WordPress was named as a “critical cybersecurity risk” yesterday. A security bulletin released by the Cyber Security Agency of Singapore (CSA) noted that a plugin called “The Cryptocurrency Widgets – Price Ticker & Coins List”...
Do Kwon Wins Appeal as Montenegro Court Overturns Extradition
8.2.2024
The Montenegro Court of Appeal has set aside the decision to extradite the co-founder of Terraform Labs Do Kwon saying the original order was “affected by significant violations.” The court decided to revoke the extradition after hearing Kwon’s appeal in a session on Feb 7, per an official...
Ethereum’s Dencun Upgrade Goes Live on Holesky Testnet, Eyes Mainnet Launch
8.2.2024
Ethereum’s Dencun upgrade has successfully navigated the final testing phase on the Holesky testnet, introducing proto-danksharding to dramatically lower transaction fees on its layer-two solutions, with eyes now firmly set on a mainnet launch. Ethereum’s Dencun Upgrade Triumphs...
BIS Warns Against Unregulated Metaverse: A Call to Prevent Fragmentation and Corporate Control
8.2.2024
The Bank of International Settlements (BIS) has published a report calling on regulators to “future proof” themselves against the adverse effects of an unregulated metaverse on the digital economy. The 31-page report warns that future money and virtual environments run the risk...
Digital Asset Spot Trading Volumes Rise for the Fourth Consecutive Month + More Crypto News
8.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Digital Asset Spot Volumes Rise for the Fourth Consecutive Month Paxos Adopts Chainlink’s PayPal USD Price Feed The Hashgraph Association...
Protocol Village: Order-Routing Protocol Flood Raises $5.2M Led by Bain Capital Crypto, Archetype
8.2.2024
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 8-14
BNB Beacon Chain (BEP2) will cease in a few months
8.2.2024
The BNB Beacon Chain (BEP2) is expected to collapse within the following months completely. Binance assists users by providing support for the BEP2 network and facilitating the transition process. The project team formally proclaimed this in January of 2024. Binance has proactively established...
Spot Trading Volumes Hit $1.4 Trillion as Exchanges Record Growth In Fourth Consecutive Month
8.2.2024
Digital asset spot trading volumes continued on a steady rise in January on the back of a spot Bitcoin (BTC) ETF approval by the United States Securities and Exchange Commission (SEC). A new CCData market report shows an increase in market activity as ETF participants notch inflows and traders...
XP uses Solana Blockchain to tackle Ticketmaster Junk Fees
8.2.2024
A new, fresh face has arrived in town to threaten the previously established status quo in the event ticketing market, and his name is XP. It uses advanced technology in the Solana blockchain realm to disrupt the industry through innovation. For years, Ticketmaster has been known for charging...
Citi uses Avalanche to price and execute simulated FX trades
8.2.2024
Avalanche recently announced supporting Citi FX solution under project guidance. The network released an official post and tweet to inform users about the development. The post read that Citi leveraged Avalanche to test an app to price and execute bilateral spot FX trades. With Citi’s on-chain...
Bridgetower Capital and Deus X Capital Launch $250 Million Digital Asset Platform in UAE
8.2.2024
Bridgetower Middle East, established by Bridgetower Capital and Deus X Capital, launched a digital asset platform in Abu Dhabi to cater to institutional investors in the UAE and Middle East. Arabian Business reported the establishment of Bridgetower ME, a joint venture between Bridgetower Capital...
SocialFi Project Friendzone to Debut on Polygon Blockchain
8.2.2024
Decentralized social marketplace Friendzone is hopping on the Polygon blockchain for a Feb. 26 launch, and eyeing a move to Polygon zkEVM down the line. The app is said to combine the emotional aspects of traditional social media with the financial rewards of Web3 to build online communities....
ICE-Backed Bakkt Alerts of Possible Closure, Cites Cash Crisis
8.2.2024
Bakkt, the cryptocurrency platform backed by the Intercontinental Exchange (ICE), has issued a warning about its financial health. In a recent document filed with the U.S. Securities and Exchange Commission (SEC), Bakkt outlined its financial challenges, stating concerns over its ability to operate...
Solana Foundation Teams Up with Abu Dhabi Free Zone for Web3 Push
8.2.2024
Abu Dhabi Global Market (ADGM) and Solana Foundation announced Wednesday an agreement to explore blockchain ecosystem development. The collaboration aims to improve Distributed Ledger Technology solutions and drive forward blockchain innovation, a press release said. “We are excited to partner with...
LBank Launches Oasys: Revolutionizing the Blockchain Gaming Industry
8.2.2024
PRESS RELEASE. LBank, a leading global digital asset trading platform, proudly announces the integration of Oasys into its diverse trading portfolio. This strategic move not only enhances LBank’s offering in the blockchain gaming sector but also marks a significant milestone for Oasys...
Blockchain Could Have Saved Americans $74 Billion on Credit Card Fees: Coinbase
7.2.2024
Coinbase, a leading cryptocurrency exchange, has emphasized the potential of blockchain technology to save American consumers billions of dollars in its latest “State of Crypto Report,” released on Wednesday. According to the report, consumers could have collectively saved a minimum...
Illicit Virtual Asset Use On The Rise, U.S. Treasury Report Reveals
7.2.2024
The U.S. Treasury Department is seeing an increase in illicit crypto use according to a Thursday report. The department’s 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing report highlights that virtual assets are increasingly used by illicit...
U.S. Treasury Department Highlights Increasing Use of Crypto by Criminals in 2024
7.2.2024
The U.S. Department of the Treasury has released its 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing, outlining the most significant threats facing the United States in illicit finance. The reports detail updates to the anti-money laundering...
Bitmain’s Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC
7.2.2024
BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a special-purpose acquisition company (SPAC). On December 31, BitFuFu filed an F-4 form with the U.S....