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Onomy hybrid DEX’s expansion to Shimmer’s stablecoin unlocks Web3’s growth
13.10.2022
Onomy is greatly excited and takes immense pleasure in making its formal announcement that they are in the due process of connecting its Hybrid DEX, all bridges, and its collection of stablecoins, onto the Shimmer network. However, this will, in the opinion of the team at Onomy, pave the way...
Barely halfway and October’s the ‘biggest month’ in crypto hacks: Chainalysis
13.10.2022
While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis
Polygon powers India police complaint portal, battling corruption
13.10.2022
The First Information Report (FIR) launched on Polygon allows the citizens of Firozabad to register complaints against the police without worry of it being dismissed or manipulated
Grayscale Ramps Up Efforts Against SEC For Rejecting Bitcoin ETF
12.10.2022
Crypto asset management company Grayscale has filed the opening brief in its lawsuit against the U S. Securities and Exchange Commission (SEC), challenging the agency's decision to deny its application to convert the GBTC into a spot Bitcoin ETF.
Grayscale, which has been trying to convert...
Bittrex Crypto Exchange Fined for US Sanction Evasion
12.10.2022
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed a fine of about $24 million on crypto exchange Bittrex which also had to sign a $29 million settlement with the department’s Financial Crimes Enforcement Network (FinCEN). The fines are related to the exchange’s...
GameFi would become the onboarding point for Metaverse: Animoca Brands CEO
12.10.2022
Siu noted that the Metaverse won’t be a single or central entity but a combination of several metaverses
DIFC Courts delivers Tejouri the GDV constructed on Hedera
12.10.2022
The Dubai International Financial Centre (DIFC) Courts conducted an exclusive launching exercise at GITEX Global. This was in terms of the deliverance of Tejouri and a Global Digital Vault constructed ably and effectively on the platform of Hedera. This entire launching act was with...
SEC Investigating Bored Ape NFT Creator Over Unregistered Asset Offering
12.10.2022
The U.S. Securities and Exchange Commission (SEC) has launched a probe into Yuga Labs, the entity behind the popular NFT collection Bored Ape Yacht Club, over the sale of its NFTs and digital tokens.
The regulatory agency is investigating whether some Yuga Labs NFTs are akin to stocks and should...
Report: Zimbabwe Tertiary Learning Institution Developing Central Bank Digital Currency
12.10.2022
Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor, said the digital currency is expected to help eliminate vices such as currency manipulation...
Princess Charlene of Monaco: ‘Web3 Allows Us to Create Assets Worth Collecting’
12.10.2022
In the age in which contactless interactions are encouraged or where society is adopting new ways of making payments, it is thought by some to be imperative for progressive organizations and institutions to move with the times. As history has shown us, organizations quick to learn or embrace...
Decentralized ID the key to mainstream DeFi adoption—Quadrata co-founder
12.10.2022
Decentralized identities would open Web3 to a range of services requiring personal information and allow platforms to offer tailored products, according to the CEO of Quadrata
$100M drained from Solana DeFi platform Mango Markets, token plunges 52%
12.10.2022
The platform’s treasury was drained of over $100 million worth of cryptocurrency after an attacker manipulated price data of its native token to take out loans against their holdings
Binance to Invest $500 Million in Elon Musk Twitter Buyout
11.10.2022
Changpeng 'CZ' Zhao, the outspoken CEO of major exchange Binance, has announced his company is planning to allocate more than $1 billion to acquisitions and investments in 2022. Binance’s top project in this field is providing $500 million in financing for Elon Musk’s planned takeover of the social...
OECD Presents Crypto Tax Reporting Framework
11.10.2022
The Organisation for Economic Co-operation and Development (OECD), an intergovernmental organization that seeks to stimulate economic progress, has published a global framework for crypto tax reporting.
According to a press release, the framework, dubbed the Crypto-Asset Reporting Framework...
EasyFi Partners With Voyager for 3-Way Multichain EZ Bridge
11.10.2022
EasyFi announced a partnership with Voyager to launch its latest 3-Way Multichain Bridge. The bridge will facilitate quick EZ token transfer across Ethereum, Avalanche, and BNBChain. This is the first service, and utility EasyFi has added to Avalanche since its platform launch. The development...
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner
11.10.2022
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy
Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%
10.10.2022
While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded...
BNB Chain Back Online Following $568 Million Exploit
10.10.2022
BNB Chain, the native blockchain behind the Binance crypto exchange, has come back online after being suspended due to an exploit that drained around $600 million in crypto assets.
On October 6, Binance announced the suspension of deposits and withdrawals from its BNB chain after it identified...
Founder of Huobi Crypto Exchange Sells Stake in Company
10.10.2022
Huobi founder and controlling shareholder Leon Li Lin will sell its entire stake in the Seychelles-based crypto exchange to About Capital Management, a Hong Kong-based assets management company.
According to an October 8 blog post, the buyout vehicle of About Capital will control the majority...
UAE Web3 ecosystem houses almost 1.5K active organizations: Report
10.10.2022
A new report shows that 65% of the 1,450 Web3 organizations are based on native blockchain technology, while 35% of the organizations are based on non-native technology