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Elderberry upgrade positioned live on Mainnet
15.3.2024
The Elderberry upgrade is now positioned live on Polygon zkEVM Mainnet Beta, signaling a noteworthy improvement in the network’s capabilities. The Infra providers will be required to update the new versions of node and prover. The step has been taken in favor of the mass adoption of Web3....
Binance-Backed Platform NFPrompt Hacked, User Funds Lost
15.3.2024
NFPrompt, a content generation platform incubated by Binance Labs, disclosed a crypto security breach resulting in the loss of user and platform funds.
The post Binance-Backed Platform NFPrompt Hacked, User Funds Lost appeared first on Cryptonews
The Graph Network announces multichain expansion
15.3.2024
The Graph Network gathers more than 40 widely used blockchains and layer-2s under one roof with the inherent upgrade of Indexer. Scroll, Base, Near, and zkSync are the popular blockchains and layer-2s that are contributing to the developers by making their usable approach much easier for upgrading...
The Graph introduces data tools for Avalanche developers
15.3.2024
Avalanche Developers of the contemporary age can utilize the Graph’s decentralized network more efficiently than ever before. Due to lower costs and competitive syncing times, the Graph’s decentralized network has become a big hit among Avalanche developers. It opens up exciting opportunities...
Trump Poll Numbers In US Elections Boosted By Crypto Community
15.3.2024
A recent poll conducted by leading crypto venture capital firm Paradigm reveals that Donald Trump enjoys significant support from the crypto community.
The post Trump Poll Numbers In US Elections Boosted By Crypto Community appeared first on Cryptonews
Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases
15.3.2024
Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program.
The post Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases appeared first on Cryptonews
Russian Lawmakers – Failure to Regulate Crypto Hurting Russian Economy
15.3.2024
Russian lawmakers have criticized Moscow over its “failure” to regulate the crypto sector, claiming that inaction harms the nation’s economy.
The post Russian Lawmakers – Failure to Regulate Crypto Hurting Russian Economy appeared first on Cryptonews
Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny
14.3.2024
On March 14, Hong Kong’s Securities and Futures Commission (SFC) cautioned crypto traders about using Bybit, a popular cryptocurrency exchange platform.
The post Hong Kong’s Market Regulator Warns Crypto Traders, as Bybit Comes Under Scrutiny appeared first on Cryptonews
Crypto Gains Surpassed $37.6 Billion in 2023: Chainalysis
14.3.2024
Global crypto gains reached $37.6 billion in 2023 following substantia losses in 2022, blockchain intelligence firm Chainalysis reveals in a new report released Thursday. The latest data is a promising sign for the crypto industry amidst bitcoin's dramatic rally.
The post Crypto Gains Surpassed...
Web3 Fashion House mmERCH Secures $6.4m in Seed Investment Ahead of Innaugural Collection
14.3.2024
Blockchain-enabled Web3 fashion startup mmERCH announced its $6.4 million seed funding round at a $25.7 million post-money valuation led by Liberty City Ventures Thursday, marking a significant milestone for the Colby Mugrabi-led fashion house.
The post Web3 Fashion House mmERCH Secures $6.4m...
TRON DAO associates with Token Terminal
14.3.2024
TRON DAO associates with Token Terminal to incorporate the TRON network’s data within Token Terminal’s advanced array of data analytics tools. The association intends to change the method adopted by investors and analysts to gain connectivity and utilize the data of TRON. Token Terminal’s data...
Orbofi AI forms a partnership with Core Chain
14.3.2024
Orbofi AI has formed a partnership with Core Chain. Through this, they will introduce a transformed way of online content building. There will also be the bringing in of the democratization of AI-generated assets and tokenization. For the uninitiated, Orbofi is an AI engine in the Web3 space...
US Department of Justice Takes Action Against $2.3 Million ‘Pig Butchering’ Scam
14.3.2024
The U.S. Department of Justice files a civil forfeiture action to recover $2.3 million in cryptocurrency linked to a widespread romance “pig butchering” scam operation.
The post US Department of Justice Takes Action Against $2.3 Million ‘Pig Butchering’ Scam appeared first on Cryptonews
South Korean Gaming Giant WeMade’s Blockchain Bet Finally Pays Off?
14.3.2024
The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13.
The post South Korean Gaming Giant WeMade’s Blockchain Bet Finally Pays Off? appeared first on Cryptonews
Thailand Offers Crypto Tax Break to Promote Investment Tokens
14.3.2024
The Thai government has approved crypto tax break for individuals holding investment tokens, looking to encourage the use of these tokens for fundraising purposes.
The post Thailand Offers Crypto Tax Break to Promote Investment Tokens appeared first on Cryptonews
Binance to Delist Multiple TrueUSD Trading Pairs – What’s Going On?
13.3.2024
Binance has announced its plan to delist multiple TrueUSD spot trading pairs as well as a couple of BNB pairs, its native currency. The March 13 notice revealed that Binance will remove multiple TrueUSD and BNB trading pairs from its platform, including PENDLE/TUSD, COMP/TUSD, and EDU/TUSD.
The...
Indonesia’s Financial Regulator Issues New Crypto Regulations Ahead of January 2025 Transition
13.3.2024
The Financial Services Authority (OJK), Indonesia's financial services watchdog, has released new rules to bring technological innovation to the financial industry. These rules will cover cryptocurrencies beginning in January 2025.
The post Indonesia’s Financial Regulator Issues New Crypto...
Cathie Wood’s Ark Invest Offloads $27 Million Worth of COIN
13.3.2024
Ark Invest sold off an estimated 106,000 Coinbase shares valued at over $27 million on Tuesday following a nearly $69 million offloading Monday. Ark Invest's latest move comes as Bitcoin's value reaches an all-time high.
The post Cathie Wood’s Ark Invest Offloads $27 Million Worth of COIN...
Terraform Labs Secures Dentons Representation Despite Objections, U.S. Court Decides
13.3.2024
US Judge Brendan Shannon has granted bankrupt crypto company Terraform Labs permission to hire Dentons for its legal representation, according to a report by Reuters. Shannon approved the hiring at a bankruptcy court hearing in Wilmington, Delaware after he deemed Terraform’s legal spending...
Upgrade of Ethereum Will Lower Costs for Layer 2 Networks
13.3.2024
The upgrade of the Ethereum network will take place on the 13th of March and will help lower costs for the Layer 2 networks. Chains like Arbitrum, Polygon, and Coinbase Global attribute the connection to Ethereum. A transaction that would have cost $1 will now be 1C. Developers have named...