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Magnate Finance Website Goes Offline as Users Fear $6.4 Million Exit Scam

25.8.2023
Magnate Finance on Base has deleted its Telegram group and took its website offline earlier today, sparking fears of a yet another exit scam. Magnate Finance, which holds $6.4 million in Total Locked Value, has ties with other financial exit scams. Blockchain analyst ZachXBT also warned of...

Cypher Says Token Offering Part of Steps to Make Users Whole

25.8.2023
The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...

Blockchain Can Help Facilitate ‘Direct Connections’ Between Users and Hotels — Staynex’s Bernard Lau

24.8.2023
Using blockchain can potentially minimize intermediary expenses incurred by players in the hospitality industry because the technology makes it possible to facilitate direct connections between users and hotels, Bernard Lau, CEO of Staynex and LABS Group, has said. Lau, whose company focuses...

Pendle Finance Users Can Now Profit From Real World Assets

24.8.2023
Pendle will use MakerDao’s boosted Savings (sDA) and Flux Finance’s fUSDC in its first real-world assets (RWA) based product

Thailand Threatens Facebook With Shutdown Over Crypto Scams

23.8.2023
The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting. Meta...

Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears

23.8.2023
A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto trading platform’s unilateral decision to convert...

Privacy Breach at Friend.tech: Wallet Addresses and Usernames of 101,000 Users Exposed

22.8.2023
Friend.tech has suffered from a major privacy breach that has led to the unauthorized disclosure of sensitive information pertaining to more than 101,000 individuals. Banteg, a core contributor to popular DeFi project Yearn Finance, has published a repository of publicly available scraped data...

LBank Exchange Will List DongCoin (DONG) on August 25, 2023

22.8.2023
PRESS RELEASE. Road Town, BVI, August 22, 2023 – LBank Exchange, a global digital asset trading platform, will list DongCoin (DONG) on August 25, 2023. For all users of LBank Exchange, the DONG/USDT trading pair will be officially available for trading at 8:00 UTC on August 25, 2023....

Friend.tech denies report that database of over 100K users was ‘leaked’

22.8.2023
Friend.tech has hit back at a report which suggested that its API “leaked” personal data of its users

Crypto Derivatives Exchange Bitget Makes KYC Necessary for New Users

21.8.2023
Cryptocurrency derivatives exchange Bitget announced revised Know Your Customer (KYC) requirements to ensure compliance with global regulatory standards. The move comes as the crypto exchange aims to align its operations with recommendations from international regulatory bodies and to provide...

Crypto users react to death of Shiba Inu behind viral memes

21.8.2023
The 12-year-old dog had appeared in memes with Dogecoin's own inspiration, the Shiba Inu named Kabosu, including ‘Swole Doge vs. Cheems’

Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market

21.8.2023
The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch

Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan

20.8.2023
Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money. Uzbekistan...

Curve Finance to reimburse users, another DeFi hack, and ConsenSys launches L2: Finance Redefined

19.8.2023
The DeFi ecosystem had another exploit of over $2 million on a stablecoin liquidity pool this past week, just weeks after the Curve Finance exploit

Coinbase Halts USDT Trading for Canadian Users Starting August 31

18.8.2023
In an email dated August 17, Coinbase, a cryptocurrency exchange, revealed its decision to halt trading of Tether USDT, Dai DAI, and RAI stablecoins for Canadian users starting August 31. This surprising development comes shortly after Coinbase's recent announcement of its complete expansion into...

Crypto Market Dumps as Coinbase Set to Suspend Tether USDT and Dai Stablecoins for Canadian Users – What’s Going On?

18.8.2023
Crypto trading giant Coinbase, which stepped foot into the Canadian markets early this week, is set to suspend trading of three stablecoins, effective August 31. The company wrote to its users on Thursday that it would no longer allow trading of Tether (USDT), Dai (DAI) and Rai Reflex Index (RAI)...

BlockFi Complies with Court Order, Permits Crypto Withdrawals for Eligible US Users

18.8.2023
On August 17, BlockFi, a New Jersey-based crypto lending company, stated that it had initiated withdrawals for eligible users' wallets in the US in compliance with a court order issued by the US Bankruptcy Court for the District of New Jersey. However, due to ongoing legal proceedings, these...