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Kraken Crypto Exchange Terminates Accounts of Russian Users


In a bid to comply with the European Union’s sanctions on Russia, major crypto exchange Kraken has unveiled its move to restrict and eventually shut down services for Russian accounts. The latest development follows the adoption of new Brussels-led penalties in response to Moscow’s continued...

Ripple Lead Engineer Leaves After 10 Years at the Firm – What's Going On?


Software engineer and cryptographer Nik Bougalis has announced that he is leaving Ripple after nearly 10 years at the firm.  Joined a growing list of crypto leaders who are leaving their executive roles in the industry amid the ongoing crypto crash, Bougalis said in a Saturday tweet that his role...

Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam


According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include...

Bankruptcy Court Approves FTX Purchase Agreement for Voyager Assets


Major crypto exchange FTX has secured the approval of a U.S. bankruptcy court to take over the assets of troubled crypto platform Voyager Digital.  In a statement, the platform said the U.S. Bankruptcy Court for the Southern District of New York decided to approve Voyager Digital’s “entry into...

New Report: Web3 Can Add $1.1 Trillion to India GDP


The Web3 industry can add as much as $1.1 trillion to India’s GDP by 2032, a new report from the Indian tech industry association Nasscom has shown. The massive value-add to the economy will come as India continues on its path as a leading global player for Web3, both on the development...

LBank Exchange Will List VNX Gold (VNXAU) on October 25, 2022


PRESS RELEASE. INTERNET CITY, DUBAI, Oct. 24, 2022 – LBank Exchange, a global digital asset trading platform, will list VNX Gold (VNXAU) on October 25, 2022. For all users of LBank Exchange, the VNXAU/USDT trading pair will be officially available for trading at 10:00 UTC on October...

Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO


On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens....

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