Search
Upbit Crypto Exchange Operator Dunamu Suffers 82% Drop in Profits
30.11.2023
Source: piter2121/Adobe Dunamu, the South Korean operator of the Upbit crypto exchange, has seen year-on-year profits fall by a staggering 82% in the third quarter of FY2023. The South Korean media outlet Business Post reported that Dunamu published its financial report for the third quarter...
South Korean Police Arrest 48 in ‘Crypto-powered Drug Trafficking’ Raids
30.11.2023
Source: Angelov/Adobe Police in the South Korean city of Daegu say they have raided a “drug trafficking organization” that used crypto as a payment tool – and arrested 48 people. Per Chosun Ilbo, the Daegu Police Agency’s metropolitan investigation unit arrested 44 people connected to a suspected...
The Algorand Foundation Expands Its Footprint in India
30.11.2023
Blockchain protocol Algorand (ALGO) has expanded its footprint in India by securing new partnerships with NASSCOM, India's trade body and chamber of commerce for the tech industry, T-Hub, a prominent innovation hub, and the Mann Deshi Foundation which supports India's first rural bank for women
Over 75% of Web3 games ‘failed’ in last five years: CoinGecko
30.11.2023
The “failed” blockchain games are those that have seen their 14-day moving average number of active users down more than 99% from its peak
Can Sony and Microsoft bring blockchain to gaming consoles?
30.11.2023
Sony and Microsoft are angling to get into crypto gaming. Will they be able to succeed where others in the industry have failed?
BNB’s Tech Roadmap for Opbnb Targets 10,000 Transactions per Second
29.11.2023
In a six-month roadmap unveiled on Nov. 29, the BNB Chain development team said it is targeting 10,000 transactions per second and fees of $0.001 on the layer two (L2) solution Opbnb. Sometime between 2024’s second and third quarters, the objective will be to lower the gas limit per block...
IOTA Rolls Out $100M Abu Dhabi Foundation, Targets Middle East
29.11.2023
Source: Adobe/prima91 Open-source blockchain platform IOTA has unveiled its Abu Dhabi Foundation as part of its strategy to kickstart its Middle East expansion plans. IOTA is the first #DLT Foundation regulated with @ADGlobalMarket in #AbuDhabi ????????! The new #IOTA Foundation will be seeded with...
BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns
29.11.2023
BlackRock Office BlackRock executives held another meeting with the Securities and Exchange Commission (SEC) on Tuesday to discuss the firm’s application to launch a Bitcoin (BTC) spot ETF in the United States. Based on publicly released notes from the meeting, the asset manager has modified...
Wormhole Raises $225 Million at $2.5 Billion Valuation in 2023’s Largest Crypto Fundraise
29.11.2023
Source: Adobe Interoperable blockchain protocol Wormhole has achieved another significant milestone with a $225 million seed fund raised from a group of prominent investors in the crypto landscape. This fundraising is the largest in the Web3 ecosystem so far this year, propelling Wormhole’s...
Binance to End Support for BUSD Stablecoin, Remaining Balances Converted to FDUSD
29.11.2023
Binance ends BUSD support and transitions to FDUSD stablecoin after regulatory troubles. Image by maurice norbert, Adobe Stock. Major cryptocurrency exchange Binance announced today in a blog post that it will end support for its Binance USD (BUSD) stablecoin on December 15. The move comes after...
Deputy U.S. Treasury Secretary Puts “Bad Actors” in Crypto on Notice, Delivers Remarks at D.C. Policy Summit
29.11.2023
U.S. Deputy Treasury Secretary, Wally Adeyemo, had choice words for “bad actors” in the crypto space while delivering remarks at the Blockchain Association’s Policy Summit in D.C. Wednesday. “We will find you and hold you accountable” “I want to directly address those within the digital...
Blockchain Data Shows Crypto Whales are Accumulating This Lesser Known AI Coin – Here’s Why
29.11.2023
Launchpad XYZ is using artificial intelligence to power its AI coin and empower crypto investors across the expanding Web3 space. Image by Kerem Goktug Kaya, DALL·E 3. Over the past few years, the crypto industry has grown beyond just digital currencies and expanded into new sectors like NFTs,...
U.S. Treasury Sanctions North Korean Government’s Crypto Mixer Sinbad
29.11.2023
According to a statement released Wednesday, the U.S. Treasury Department has placed sanctions on the government of North Korea’s crypto mixer, Sinbad. “A key-money laundering tool” Sinbad serves as “a key money-laundering tool” for the state-sponsored North Korean cyber-hacking collective...
Aerodrome and Velodrome Suffer Front-End Security Breach
29.11.2023
Source: Pixabay Decentralized crypto exchanges Velodrome and Aerodrome have warned users about a front-end security breach on their websites. In X posts published on Wednesday, Velodrome and Aerodrome warned users against interacting with their websites until further notice. “Our frontend...
Poloniex to Resume Withdrawals Starting With TRX After $100M Hack
29.11.2023
Poloniex is resuming operations following a recent hack of exchange hot wallets. Image by Rafael Henrique, Adobe Stock. Cryptocurrency exchange Poloniex announced today that it will begin gradually resuming withdrawal and deposit services starting November 30. This comes after the platform suffered...
In the Wake of Declining Values for Optimism (OP) and Toncoin (TON), an emerging Crypto Contender Captures Investor Interest
29.11.2023
TLDR Optimism experts expect OP to fall to $1.22 by December. Despite the listing of Toncoin on Blockchain.com, experts expect TON to fall to $1.50 by the end of 2023. Rebel Satoshi’s high-flying presale attracts investors with mouthwatering offers. In 2023, Optimism (OP), Toncoin (TON),...
Crypto Regulation News Weekly Digest: CZ’s Guilty Plea and Grayscale’s Bitcoin ETF Prospectus
29.11.2023
Crypto regulation evolves through CZ plea deal, Grayscale Bitcoin ETF application, Singapore bans, and Lagarde’s personal experience. Image by Titiwoot Weerawong, Vecteezy Last week brought several major developments on the crypto regulation front. Binance founder Changpeng Zhao pleaded...
Copper to Launch Abu Dhabi-based Digital Securities Brokerage
29.11.2023
London-based crypto trading and custody firm Copper announced plans to launch a new brokerage platform for digital assets in Abu Dhabi as soon as early next year, the company announced on Wednesday. Copper’s latest expansion News of the company’s expansion is part of their acquisition...
Digital Euro Debate Heats Up: Experts Divided on Central Bank Digital Currency
29.11.2023
Source: Pixabay / Hans After a two-hour hearing regarding the potential issuance of a digital euro, expert testimony has done little to settle the continent’s legislative debate on central bank digital currencies (CBDCs). Members of the European Parliament invited four expert witnesses to a hearing...
Project Tourbillon: CBDCs Can Meet Privacy Requirements, BIS Research Reveals
29.11.2023
Source: AdobeStock / Proxima Studio The Bank for International Settlement (BIS) has released the final report on Project Tourbillion, its privacy-inclined Central Bank Digital Currency (CBDC) project. A Nov 29 release shows a pathway to achieving privacy standards in CBDC deployment and usage with...