Zipmex, the most important digital asset exchange in Asia, has announced that it has been granted creditor protection by the Singapore High Court for a period of more than three months. This will give the company more time to handle any liquidity concerns it may have. On July 21, ZipmexX suspended cryptocurrency withdrawals, citing the … Read more
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
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
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
Popular privacy coin throughout the weekend, Monero successfully completed a hard fork that included several new privacy and security features. In April of this year, developers made the initial announcement regarding the non-contentious hard fork, which was finished at block 2,688,888. After being scheduled to take place in July, it was moved to August 13 … Read more
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
The Netherlands Crime Agency (FIOD) announced today that it had apprehended a “suspected developer” of Tornado Cash. Tornado Cash is the Ethereum-centric mixing service that was sanctioned by the United States Treasury earlier this week. An individual who was 29 years old was taken into custody by the FIOD in Amsterdam on August 10th. “He … Read more
The UN Conference on Trade and Development (UNCTAD) warned that cryptocurrencies are a volatile financial asset with the potential to have detrimental societal repercussions. This policy brief aims to investigate the variables that have contributed to the rapid acceptance of cryptocurrencies in developing nations. These considerations include the convenience of sending remittances as well as … Read more
KuCoin, a cryptocurrency exchange situated in Seychelles, has cooperated with data aggregator 1inch DeFi to add native token swap capability to its internal wallet. KuCoin has released a decentralized product named KuCoin Wallet Through GameFi, Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs) functionalities, KuCoin Wallet offers consumers encrypted services for a convenient Web3.0 experience. To … Read more
Bloomberg reports that the sale of the founder of Huobi Group’s controlling interest in the cryptocurrency exchange may be the biggest takeover in the sector since the start of a $2 trillion global crypto crisis. Leon li is negotiating with several investors to sell a stake valued at approximately $3 billion, or 60% of the … Read more