US Federal Reserve Just Issued New Guidelines for Crypto Banks

US Federal Reserve Just Issued New Guidelines for Crypto Banks

American financial firms who desired to perform both crypto transactions and traditional banking services had, up until this point, been forced to choose one or the other path to take. That might shift in the near future. This afternoon, the Federal Reserve Board of Governors issued official guidelines to oversee the process by which “institutions … Read more

The Merger May Take Place on September 15: Vitalik Buterin

The Merger May Take Place on September 15: Vitalik Buterin

Vitalik Buterin, one of Ethereum’s co-founders, has dropped hints that the much-anticipated integration ‘The Merge’ could take place around the 15th of September. The merge, which refers to the shift from a proof-of-work (PoW) consensus method to a proof-of-stake (PoS) consensus mechanism, is widely considered to be the most significant software upgrade in the Ethereum … Read more

OpenSea Made Strict Changes To its Stolen Items Policy

Users have voiced their displeasure with the policy of OpenSea, which, according to certain customers, penalizes users who have accidentally acquired previously stolen NFTs. Because of the surge in the number of fraudulent NFT transactions, Web3 platforms are increasingly being obliged to deal with the identification and management of stolen assets. OpenSea has taken the … Read more

What Are Crypto Mixers? | Working of Crypto Mixers Explained

What Are Crypto Mixers?

Privacy supporters consider Crypto mixers an essential piece of equipment for maintaining anonymity. Officials in the government refer to crypto mixers as instruments of money laundering. Crypto mixers have been responsible for transferring billions of dollars worth of cryptocurrency. As a result of penalties announced by the Treasury Department against Tornado Cash, an Ethereum crypto … Read more

Another StableCoin Acala-USD(aUSD) Looses USD Pegg, Falls 99%!

Another StableCoin Acala-USD(aUSD) Looses USD Pegg, Falls 95%!

Hackers took advantage of a flaw in the liquidity pool of the decentralized finance (DeFi) platform Acala, which is based in Polkadot, and caused its aUSD stablecoin to fall by 99%. This caused the list of not-so-stable stablecoins to gain a new entry. According to data provided by CoinGecko, the value of the stablecoin dropped … Read more

Axie Infinity Removes Prizes From the Original Game

Investigators Recover Over $30M From the Axie Infinity Hack

Axie Infinity removes prizes from the original game, gently encouraging pay-to-play gamers to switch to the new mode. Axie Infinity (AXS), a play-to-earn (P2E) blockchain game, has completely eliminated the token incentives from its original game mode in order to attract its fans to a new game mode called Axie Infinity Origin. The developers of … Read more

Maven 11 Launches $30M Loan Pool on Maple Finance

Maven 11 Launches $30M Loan Pool on Maple Finance

Defi lending protocol Maple Finance has initiated a liquidity pool with a total value of thirty million dollars, which is supported by Maven 11, a crypto-native investment firm based in the Netherlands. Maven 11 has announced that the introduction of the lending pool will assist institutional businesses in their search for new income alternatives. Liquidity … Read more

Uzbekistan Cracks Down on Foreign Crypto Exchanges

Uzbekistan Cracks Down on Foreign Crypto Exchanges

It was announced on Wednesday that the government of Uzbekistan had restricted access to a number of large international cryptocurrency exchanges due to allegations of non-licensed activity. This comes after the government of Uzbekistan had previously made significant strides toward a more moderate approach to cryptocurrencies. In a statement dated August 10, the National Agency … Read more

Tornada DAO Struggling With Authorities, Governance Forum Offline

Tornada DAO Struggling With Authorities, Governance Forum Offline

It appears that the Discord server and Tornado DAO governance forum that were tied to the crypto mixing service Tornado Cash, which was recently sanctioned, have been disabled. The Office of Foreign Assets Control of the United States Treasury blacklisted Tornado Cash on Monday. Tornado Cash is a mixing tool that focuses on Ethereum transactions. … Read more

Leon Li, CEO of Huobi, Wants To Get Rid Of Stake in Company For $1B

Leon Li, CEO of Huobi, Wants To Get Rid Of Stake in Company For $1B

Li intends to sell sixty percent of his investment in Huobi for one billion dollars. Following the publication of the Bloomberg report, the price of HT shares increased by over 25 percent, reaching $5.43. The potential buyers reportedly include Justin Sun and Sam Bankman-Fried of FTX. Leon Li, the founder of the leading cryptocurrency exchange … Read more