Beware Where You Store Your Money: Payment Apps May Lack Protection

by Iulia Vasile | June 2, 2023 | News | 0 Comments

Payment apps may lack protection: A recent warning from the US Consumer Financial Protection Bureau emphasizes that the FDIC might not protect money stored in mobile payment apps. Customers could be concerned about whether their funds are insured, highlighting the...

Reddit’s NFT Drive Nears Monumental 10 Million User Milestone

by Iulia Vasile | May 28, 2023 | News, NFTs | 0 Comments

Revolutionizing the crypto and NFT landscape, Reddit's unique collectible avatars are on the brink of reaching a staggering 10 million users. Reddit, a social media site, is nearly hitting 10 million users who have its special profile pictures, called "Reddit NFTs."...

Hacker Seizes Control of Tornado Cash Governance

by Iulia Vasile | May 21, 2023 | News | 0 Comments

A malicious actor recently exploited Tornado Cash's governance, enabling them to seize total control. This could potentially allow them to retrieve all the secured votes, empty the tokens held in the governance contract, and disable the router. Tornado Cash, a...

Zimbabwe Launches Gold-Backed Digital Currency Amid Economic Struggles

by Iulia Vasile | May 6, 2023 | News | 0 Comments

Zimbabwe's central bank is launching a digital currency backed by gold. They plan to start selling these digital coins to investors on May 8th, 2023. Individual buyers can get them for at least $10, while companies and other groups need to spend a minimum of $5,000....

Crypto Innovations by Visa and Mastercard: Next-Gen Stablecoin Payments and Cutting-Edge User Verification Solutions

by Iulia Vasile | April 30, 2023 | News | 0 Comments

Both Mastercard and Visa continue to expand their presence in the crypto sector with new initiatives and collaborations.Visa's crypto division is building the "next generation of products" for digital commerce and is seeking to hire software engineers with Web3 and...

European Parliament Approves MiCA (Crypto Legislation)

by Iulia Vasile | April 22, 2023 | News | 0 Comments

The 2020-created regulatory package now awaits the European Council's approval before being enforced. Following two previous postponements, the European Parliament has held the final vote on the Markets in Crypto-Assets Act (MiCA). The legislation, initially proposed...

Ethereum’s Shapella Hard Fork Successfully Implemented

by Iulia Vasile | April 15, 2023 | Ethereum, News | 0 Comments

Following numerous postponements, Ethereum validators are now able to retrieve their staked Ether and associated rewards from the Ethereum mainnet. The Shapella hard fork has been successfully implemented on the Ethereum mainnet, enabling validators to withdraw their...

How Illicit Actors Use DeFi to Evade Anti-Money Laundering Regulations: A US Treasury Report Analysis

by Iulia Vasile | April 6, 2023 | News | 0 Comments

The U.S. Treasury warns about DeFi. But they acknowledge that the majority of money laundering, terrorist financing, and proliferation financing still take place using fiat currency or outside the realm of cryptocurrency. According to a recent report from the U.S....

Possible Collection of BTC Users’ IP Addresses by Mysterious Entity, Raises Concerns

by Iulia Vasile | March 31, 2023 | News | 0 Comments

According to a blog post by a pseudonymous Bitcoin app developer called 0xB10C, a mysterious entity has allegedly been gathering the IP addresses of BTC users since March 2018. The entity has reportedly used 812 different IP addresses to conceal its identity while...

The Potential Benefits for Montana with the Approval of Pro-Crypto Mining Bill

by Iulia Vasile | March 22, 2023 | News | 0 Comments

Recently, the Montana Senate passed a bill that aims to safeguard the interests of crypto miners operating within the state. The proposed law is currently being reviewed by the Montana House of Representatives and seeks to eliminate discriminatory regulations that...

Flash Loan Attack on Euler Finance Drains It of $195 Million

Mar 17, 2023 | News

Euler Finance fell victim to a flash loan attack that resulted in the loss of more than $195 million in stablecoins and ERC-20 tokens. On March 13, Euler Finance, a noncustodial lending protocol based on Ethereum, was hit by a flash loan attack. This resulted in the...

Crypto Market Volatility: Impact of Silvergate’s Liquidation, KuCoin Lawsuit, and Powell’s Comments

Mar 10, 2023 | News

Silvergate Capital Corporation has revealed that it will close its operations due to "recent industry and regulatory developments". The company confirmed that the liquidation of Silvergate Bank would involve the complete repayment of all customer deposits. This...

RBI Executive Director Reveals India’s Testing of CBDCs Offline Capability

Feb 28, 2023 | News

Ajay Kumar Choudhary, the executive director of the Reserve Bank of India (RBI), has revealed that the recently launched digital rupee, India's in-house central bank digital currency (CBDC), is undergoing offline functionality testing. Apart from evaluating its...

SEC Crypto Regulator Is Not Doing Its Job, According to Kraken’s CEO

Feb 20, 2023 | News

The CEO of Kraken, Jesse Powell, has accused U.S. regulators of enabling "bad actors" in the cryptocurrency industry to grow to an enormous size at the expense of legitimate players. In a recent tweet, Jesse Powell, present a personal idea about the true intentions...

Binance’s BUSD Might Be Labeled as Security by the SEC

Feb 13, 2023 | Cryptocurrency, News

The recent SEC lawsuit against Paxos over Binance USD (BUSD) has caused confusion and debate among the cryptocurrency community. The U.S. Securities and Exchange Commission (SEC) issued a wells notice to Paxos. They claim that BUSD is an unregistered security, which...

Binance Tax Is a Tool to Aid Crypto Investors During Tax Season

Feb 6, 2023 | News

Binance, the cryptocurrency exchange, has introduced Binance Tax, a tax reporting tool, in preparation for the tax season. Binance Tax is a tool that helps users access information on their crypto activity to comply with local regulations. It allows users to download...

Cryptocurrency Tracking System To Be Launched in South Korea

Jan 29, 2023 | News

The crypto tracking system will keep a record of transaction history, gather information on transactions, and verify the origin of funds both before and after transfers. The South Korean Ministry of Justice plans to launch a "Virtual Currency Tracking System" to...

Thailand Announced Crypto Custody Rules for Digital Assets Providers

Jan 18, 2023 | News

After the 2022 crypto collapses, the Thai securities regulator now requires crypto custodians and exchanges to have a contingency plan. The DeFi sector is increasing its TVL, and this expansion needs to assure clients of the safety of their funds. ...

Account Abstraction: Ethereum Upgrade Makes Crypto Safer To Use

Jan 11, 2023 | Blockchain, News

The adoption of the concept of "account abstraction" by Visa has the potential to greatly improve the user experience of Ethereum wallets. One of the drawbacks of cryptocurrency is the high cost of mistakes. For example, if a user loses their account keys, they...

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