A ruling was made in favor of Voyager Digital earlier on Thursday by Judge Michael Wiles of the United States Bankruptcy Court in New York. This allowed Voyager Digital to receive access to the cash in its custodial wallets, which will allow it to return $270 million to the customers who were negatively impacted. As … Read more
An in-depth exploration of the decentralized money market enterprise, including an explanation of why it is important and how it operates. A dynamic economy is characterized by the fluid movement of capital between capital providers and recipients in both directions. Anyone with a spare asset can lend it to someone else to put their unused … Read more
The past two weeks have been a rough ride for crypto hackers. The repercussions from the most recent hack of Solana have once again brought to people’s attention the significance of using, for example, hardware wallets. We now know that around 15,000 cryptocurrency wallets were affected and that approximately $4.6 million was stolen. Bridges have … Read more
On Thursday, blockchain data startup Coherent announced that it had successfully raised $4.5 million in a seed round of funding. A former platform engineer at Coinbase owns coherent. The funding round was collaboratively led by three venture capital (VC) firms that are known for their expertise in investing in seed and early-stage funds. Matchstick Ventures, … Read more
Binance United States has said that it will be blacklisting the AMP token “out of an abundance of caution” in light of the possibility that federal regulators will enforce their authority. After the token was mentioned in a legal action brought by the United States Securities and Exchange Commission, or SEC, Binance.US said on Monday … Read more
After recent conversations with the governments of several nations, the CEO of Binance, Changpeng “CZ” Zhao, pointed out the drawbacks of having separate cryptocurrency markets. As Binance continues to expand its operations around the world, the CEO of the global cryptocurrency exchange has been more involved in having policy-related conversations with a variety of nations. … Read more
Vitalik Buterin, the co-founder of Ethereum, thinks that none of the currently active initiatives by corporations to construct a metaverse are “going anywhere.” He cites Meta as an example of an initiative that he believes would “misfire.” Buterin said that while he believes “The metaverse is going to happen,” he does not believe that any … Read more
A cybersecurity company has made warnings about a new phishing campaign that is aimed at users of the popular cryptocurrency wallet MetaMask. Luis Lubeck, a technical education specialist at Halborn, explained in a piece published on Thursday that the active phishing campaign targeted users of MetaMask by sending them emails to get them to reveal … Read more
Core Scientific, a publicly traded Bitcoin mining company, suffered another net loss on its Bitcoin assets during the past month. According to a release made by the corporation on Friday, they made a profit of $44 million after selling 1,975 coins in July at an average price of $22,000 per Bitcoin. This was disclosed in … Read more
Blockchain games, as well as the Metaverse, were able to “circumvent” the “Lehman brothers-like” collapse of Terra in May, according to a report; however, decentralized finance (DeFi) or nonfungible tokens (NFTs) were not as fortunate. According to a report published by decentralized application (DApp) data aggregator DappRadar, the breakdown of Terra in May was comparable … Read more