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How DLCs Can Enable Defi Deposits and Fulfill Bitcoin’s Promise
14.5.2024
Bitcoin embodies decentralization, security, and self-sovereignty. But today, financial transactions with Bitcoin require the use of custodians or bridges – a reliance on intermediaries that has led to disastrous losses numbering in the billions of dollars. Discreet Log Contracts (DLCs)...
Stolen Poloniex Ether worth $53M never made it back to the exchange
14.5.2024
The Poloniex hacker moved over 17,800 Ether (ETH) from six different wallets into a single Tornado Cash address
Secret Network announces Decentralized Confidential Computing (DeCC) for Web3
14.5.2024
Secret Network is engaged in efforts to implement decentralized confidential computing (DeCC) across the entire Web3, thereby enabling applications to utilize the decentralized capabilities of virtually any Blockchain. Recently, the first mainnet Blockchain with private smart contracts, Secret...
Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token
14.5.2024
Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile experience while traversing the Web3 space,...
Falcon Labs Settles with CFTC in Landmark Case Over Unregistered Status
14.5.2024
The CFTC has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration.
The post Falcon Labs Settles with CFTC in Landmark Case Over...
South Korean Bithumb Airdrop Recipients Hit With Tax Bills, Exchange Responds
14.5.2024
South Koreans who received airdrop tokens and prizes from the Bithumb crypto exchange from 2018 to 2021 could face unexpected tax bills.
The post South Korean Bithumb Airdrop Recipients Hit With Tax Bills, Exchange Responds appeared first on Cryptonews
Dutch Blockchain Days 2024 x OKX: Leading the Blockchain, Crypto & Web3 Discussion
13.5.2024
PRESS RELEASE. Introducing Dutch Blockchain Days 2024. The BCNL Foundation is proud to announce the return of the leading Dutch Web3 conference, Dutch Blockchain Days 2024, with OKX, a leading global exchange and innovative Web3 company, as the event’s main sponsor. This one-day event, taking place...
Bitfarms Fires CEO Geoffrey Morphy Following $27 Million Lawsuit
13.5.2024
Bitfarms has ousted its CEO Geoffrey Morphy after he filed a $27 million lawsuit against the Bitcoin miner, the Toronto-based firm announced Monday. News of Morphy's ousting comes amidst decreased Bitcoin production values for public crypto mining companies following last month's halving event.
The...
Report Reveals Chinese Workers Converting Earned CBDC To Cash
13.5.2024
Workers in China are not very enthusiastic about the digital money issued by the nation's central bank (CBDC). According to a research published on May 13, several employees who receive their pay in digital yuan (e-CNY) quickly turned the asset into fiat money.
The post Report Reveals Chinese...
Uniswap Founder Wants A Reversal To Biden’s Position On Crypto: Here’s Why
13.5.2024
Uniswap founder Hayden Adams believes that President Joe Biden's strict crypto regulations may make his reelection campaign vulnerable. Adams forewarned the administration on May 13 about the possible repercussions at the polls in November.
The post Uniswap Founder Wants A Reversal To Biden’s...
This Week’s Biggest Crypto Gainers and Losers: Cheelee Rises as Pendle Falls
13.5.2024
On Monday, the cryptocurrency market maintained steady growth, with its valuation reaching $2.3 trillion—an increase of 1.72% over the last 24 hours. Over the past week, six cryptocurrencies have posted double-digit gains, while around two dozen have experienced significant losses. Crypto...
Linea’s LXP Mint delayed due to Sybil activity surge
13.5.2024
The release of Linea Voyage XP (LXP) tokens of Consensys’ approach to increasing the capacity of the Ethereum Virtual Machine, Linea, has slowed down, stemming from an increase in Sybil activity. This is the act of people setting up several accounts to acquire benefits undeservingly. As a result...
Lightning Labs successfully tests Bitcoin blockchain stablecoins
13.5.2024
The developer of Bitcoin’s Lightning Network, Lightning Labs, has successfully tested a protocol intended to enable the issuance of stablecoins on the Bitcoin blockchain. Lightning Labs CEO Elizabeth Stark disclosed during her address at the Financial Times Crypto and Digital Assets Summit...
MoonPay Donates $1 Million To Stand With Crypto Ahead Of 2024 Elections
13.5.2024
MoonPay is donating $1 million to digital advocacy group Stand With Crypto ahead of the 2024 elections, the company confirmed to Crypto News Monday. The crypto payment service provider's donation comes on the heels of news that Stand With Crypto has launched a PAC to dunk pro-crypto candidates...
Solana’s SEALANA Meme Coin Presale Gobbles Up $500,000
13.5.2024
Monday, May 13, 2024 – He may not have left his bedroom since the dawn of Solana, but the brand new ICO for Sealana ($SEAL), the all-American redneck seal, has raised $500,000 in investments in its first fortnight. Although it was birthed on the Solana blockchain, Sealana is technically...
Custody Provider Liminal Receives Approval in Abu Dhabi as it Expands to Middle East
13.5.2024
Liminal, a leading Singapore-based custody services provider, has achieved a significant milestone in its global expansion journey with regulatory approval in Abu Dhabi.
The post Custody Provider Liminal Receives Approval in Abu Dhabi as it Expands to Middle East appeared first on Cryptonews
El Salvador Launches Bitcoin Treasury Website For its $360 Million BTC Reserves
13.5.2024
El Salvador, renowned for its move to adopt Bitcoin as legal tender in September 2021, has now introduced a cutting-edge online platform for tracking its Bitcoin Treasury.
The post El Salvador Launches Bitcoin Treasury Website For its $360 Million BTC Reserves appeared first on Cryptonews
Blockdaemon gets greenlight for UAE expansion in Abu Dhabi
13.5.2024
Blockdaemon gets the go-ahead for further expansion in the UAE with a new office in Abu Dhabi to boost web3 growth and push for institutional-grade adoption
Franklin Templeton CEO Bullish on Blockchain Technology and Asset Tokenization Trend
13.5.2024
Franklin Templeton CEO Jenny Johnson, who oversees the $1.6 trillion asset management firm, said she remains a huge fan of blockchain technology and sees exchange-traded funds (ETFs) and mutual funds being on the blockchain.
The post Franklin Templeton CEO Bullish on Blockchain Technology and Asset...
North Korean Hackers Kimsuky Deployed Malware Targeting Crypto Firms: Kaspersky
13.5.2024
Kimsuky hacking group cyberattacks on two South Korean crypto firms using malware dubbed 'Durian'.
The post North Korean Hackers Kimsuky Deployed Malware Targeting Crypto Firms: Kaspersky appeared first on Cryptonews