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Binance Backed Crypto Wallet Firm Web3Auth, and Safe Launch SafeAuth


Source: PexelsWeb3Auth, a wallet-as-a-service infrastructure provider has teamed up with the smart contract-based multi-signature crypto wallet provider Safe (formerly known as Gnosis Safe) to launch “SafeAuth” a service which allows users to create wallets quickly without the need for seed...

Hacker Drains Over $2 Million from Safe Wallet- What’s Going On?


Source: Pixabay A malicious actor has stolen over $2 million from Safe Wallet users in the past week through address poisoning theft raising the total victim count to 21.  Several blockchain security firms have tracked suspected activity from different transactions resulting in losses from Safe...

Singapore’s Monetary Authority to Expand Wholesale CBDC Pilots


Source: Pixabay Singapore’s central bank, The Monetary Authority of Singapore (MAS) has unveiled plans to start live Central Bank Digital Currency (CBDC) wholesale pilots and efforts to expand the framework. On Nov 16, the financial authority released plans for a safe an innovative use of digital...

BIS Research Report: Stablecoins Not Secure as Store of Value


Stablecoins. Source: Adobe / Grispb Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able...

Stablecoins 'not a safe store of value': BIS


"Not one of the stablecoins assessed in this paper has been able to maintain their closing prices in parity with their peg," wrote the Bank for International Settlements

A closer look at Bitcoin, the safe-haven of cryptocurrencies


Global financial conditions have been surrounded by uncertainty for a while now. Given the ongoing economic condition, traders tend to stay away from volatile assets like cryptocurrencies. However, the stability of Bitcoin (BTC) flipped the scenario on its head. Throughout 2023, Bitcoin...

White House’s AI Safety Order Leads to Slide for AI Tokens


President Joe Biden’s recent Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence has impacted the cryptocurrency market, with AI-related tokens dipping in value. The White House’s Executive Order introduces a regulation framework...

Biggest Crypto Gainers Today on DEXTools – SIFY, FTX, SOLANA


The latest strong-then-expected US GDP numbers for Q3, which also pointed at higher-than-expected inflation last quarter, have done little to impact cryptocurrency markets on Thursday, where the focus primarily remains on bullish narratives such as institutional adoption (with spot Bitcoin ETFs...

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