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Fantom Foundation Faces Major Security Breach – $6.7 Million Lost
18.10.2023
The Fantom Foundation, the team dedicated to building the Fantom network, has reportedly fallen victim to a hack that led to a significant loss of approximately $6.7 million worth of digital assets.
On October 17, the Fantom Foundation encountered a hacking incident, as reported by on-chain...
Feds’ Bowman Dampens Hope of a US-backed CBDC in the Future
18.10.2023
Federal Reserve Governor Michelle Bowman believed that implementing U.S. central bank digital currency (CBDC) could pose significant risks and tradeoffs for the country’s economic system.
The Fed’s Governor announced this at the Harvard Law School event in Washington on October 17.
Bowman...
Binance US Ends FDIC Insurance for Crypto Holdings, Citing Updated Terms of Service
18.10.2023
The US Branch of the world's largest crypto exchange, Binance US, recently communicated to its users that their cryptocurrency deposits are no longer covered by Federal Deposit Insurance Corporation (FDIC) insurance.
In an email sent to its customers on October 16, Binance US announced updates...
EU Crypto Investor Protections Won’t Kick In Until Dec. 2024: ESMA
17.10.2023
European crypto investors will have to wait a little longer for the full provisions of Markets-in Crypto Assets (MiCA) to kick in, according to the European Securities and Markets Authority (ESMA).
In an October 17 official release, ESMA stated that crypto investor protections would take longer...
Bankrupt Crypto Lender Genesis Faces Deadline: New York Court Orders Compliance With Terra Subpoena Within 5 Days
17.10.2023
After failing to respond to a prior order, embattled crypto lender Genesis has been subpoenaed by a New York court to produce documents related to the collapse of the algorithmic stablecoin TerraUSD (UST) last year.
In a court order dated October 13, Judge Jed Rakoff noted how Genesis hadn’t...
Ethereum Layer-2 Scaling Solution Scroll Goes Live
17.10.2023
Scroll, an Ethereum layer 2 (L2), has announced the launch of its zkEVM mainnet, which allows developers to have increased speeds, latency, and lower fees to build decentralized applications (dApps).
According to the open letter by the L2 network blog on October 17, the launch of Scroll mainnet...
Crypto Political Capital Grows: University of Arkansas Partners with Coinbase and Haun Ventures
17.10.2023
Crypto-focused investment firms Coinbase Ventures and Haun Ventures are joining forces with the University of Arkansas to support a technology accelerator program, strengthening the US state of Arkansas's position in the crypto landscape.
Arkansas offers a unique blend of entrepreneurial spirit...
Sui Foundation Calls Report of Supply Manipulation 'Materially False'
17.10.2023
SUI, the native token of the blockchain that was built by former Meta (META) employees, has tumbled by 5% on Tuesday after the community raised concerns over whether the team had been selling staking rewards on Binance
Bank of Canada Assesses DeFi’s Innovation and Challenges on Financial Markets
17.10.2023
The Bank of Canada published a staff analytical note that mirrors the development of decentralized finance (DeFi) alongside possible routes of wider market regulations.
The staff note released on Oct 17 shows the development stages of the cryptocurrency market, its benefits to challenges facing...
Adeniyi Abiodun, Co-Founder of Mysten Labs, on The Role of Blockchain for Digital Economies, and Building Libra/Diem | Ep. 274
17.10.2023
In an exclusive interview with cryptonews.com, Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs, talks about building Facebook’s blockchain/cryptocurrency Diem, crypto as a solution for the unbanked in the world, and Sui blockchain....
Read More: Adeniyi Abiodun, Co-Founder of Mysten Labs, on...
IOTA’s Nakamoto Consensus: A new DAG twist
17.10.2023
IOTA has introduced the IOTA 2.0 consensus mechanism. It has been built on Nakamoto Consensus to tackle the challenges of Tangle, which are dynamic and interconnected in nature when it comes to ledger. The objective is to create a more adaptable and robust consensus model while making sure that...
Coinbase to Delist 80 non-USD Trading Pairs - What’s Going On?
17.10.2023
Digital asset exchange Coinbase has announced a suspension on 80 non-USD trading pairs in a bid to boost liquidity on its platform.
In an Oct 17 press release, the exchange disclosed plans to delist the pairs, including assets with market leader Bitcoin (BTC), Tether (USDT), and the Euro citing...
Web3 Gaming Continues to Garner Investor Attention Despite Bear Market – Here's the Latest
17.10.2023
The recent Q3 2023 fundraising figure for Web3 gaming is certainly lower than the one seen in the previous quarter, but the overall situation is not that bad - investor attention is still there.
Crypto data firm DappRadar found that this year's third quarter "may have seemed tranquil on...
TrueUSD's Client Data Exposed in Third-Party Security Breach
17.10.2023
Stablecoin issuer TrueUSD recently fell victim to a third-party security breach that led to the exposure of personally identifiable information of some of its clients.
According to screenshots posted on X of an email allegedly sent by TrueUSD to customers, the breach affected clients who were...
JPEX Scandal Undermines Trust in Crypto Among Hong Kongers, Survey Reveals
17.10.2023
Attitudes toward crypto in Hong Kong have taken a hit, as a new survey reveals a growing aversion to virtual assets in the aftermath of the JPEX scandal.
This shift in sentiment poses significant challenges to Hong Kong's aspirations to establish itself as a global hub for the cryptocurrency...
Sega Exec Shuji Utsumi: ‘Blockchain Gaming Is Still an Unknown World for Us’
17.10.2023
In a recent interview, Sega co-COO Shuji Utsumi talked about the company’s stance on blockchain games. For Utsumi, this new gaming field is still uncertain, and Sega is prepared to protect its franchises and learn about how these new games are being made via its partnership with Double Jump...
Decentralized Data: The New Frontier with Pocket Network's Dermot O’Riordan
17.10.2023
The philosophy of decentralization feeds the heart of the crypto industry, and as new frontiers are pushed pioneering this vast and intricate landscape is the Pocket Network, an entity on a mission to redefine how decentralized applications (dApps) will engage with blockchain data.
To decode...
Digital Asset Products Notch Third Consecutive Weekly Inflow, Attract Over $15 Million
17.10.2023
Cryptocurrency products recorded inflows for the third consecutive week signaling improved sentiment from institutional investors after a shaky start to the year.
A new CoinShares report on Oct 16 tracking weekly flows into cryptocurrency investment products shows a win for the market, an uptick...
FTX Customers May See 90% Asset Return by Q2 2024 in Amended Proposal
17.10.2023
Customers of the now-bankrupt cryptocurrency exchanges FTX and FTX.US are looking forward to the possibility of reclaiming more than 90% of their assets as part of an amended proposal.
This plan aims to return funds that were held by the exchange before its collapse in November of the previous...
Israeli Authorities Order to Seize Millions in Crypto Linked to Hamas
17.10.2023
Israeli law enforcement authorities have ordered a freeze on hundreds of cryptocurrency accounts and seized millions of dollars' worth of crypto in order to block the flow of funds to Hamas, Financial Times reported.
The crackdown primarily targets cryptocurrency accounts on Binance, the world's...