Blockchain

Roger Ver took legal action after the company’s derivatives-based arm, bit.com failed to release his $8 million withdrawal request to him in June 2022. Popular crypto businessman Roger Ver has sued Smart Vega Holding Limited, a subsidiary of Matrixport. Although the case has been on since 2022, the report just came to light after Ver recently spoke about what transpired. Roger Ver Believes Wu Has Personal Vendetta against Him According to Ver, he took legal action against Matrixport in...

Cardano is recording increased price and network activity and has sparked bullish predictions about the coin’s future. The price of Cardano (ADA) hit a new four-month high on Sunday, climbing to $0.348808. The surge is reportedly due to heavy activity from whale investors and decentralized finance (DeFi) in general. According to CoinMarketCap data, Cardano is now trading higher at $0.353 after rising more than 4% in the last 24 hours and nearly 18% over 7 days. The network is seeing a...

With the US SEC edging closer to potentially approving a Bitcoin ETF, experts and industry leaders are offering their predictions on the potential impact of this milestone on the crypto market. In a recent interview on CNBC’s ‘The Exchange’, Tim Buckley, Chairman and CEO at Vanguard Group, the world’s second-largest asset manager, stated that the company has no plans to pursue a Bitcoin (BTC) spot Exchange Traded Fund (ETF). Vanguard to Focus on Core Values Buckley’s firm stance on this...

Non-fungible tokens and blockchain appeared on The Simpsons. During the recent  Halloween special episode of The Simpsons, one of the longest-running TV series in the United States, the beloved animated family, took a playful swing at the world of non-fungible tokens (NFTs) and the crypto industry, making viewers chuckle and sparking conversations about the show’s modern relevance. The new episode titled “‘Wild Barts Can’t Be Token”, aired on Sunday night, tickling audiences with its...

Hong Kong’s top financial regulator SFC shows willingness to allow retail players to gain access to spot crypto ETFs while ensuring that risks are addressed properly. Hong Kong regulators are assessing whether they can allow retail investors to seek exposure to spot crypto ETFs that directly invest in crypto assets. Julia Leung, the Chief Executive Officer of the Securities and Futures Commission said that the city is considering granting retail investors access to spot ETFs, contingent...

According to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost to hacking and fraudulent activities in 292 specific incidents. In October 2023 alone, losses amounted to approximately $22.2 million, primarily attributed to hacking and fraud. The most frequently targeted blockchain networks during the period were BNB Chain and Ethereum, accounting for 83.3% of the total losses among targeted chains. Immunefi disclosed that BNB Chain...

Stablecoins are often viewed as assets that pose systematic risks to the financial market. However, these pegged tokens have become the most popular category among investors amid adverse market conditions. QuickNode’s latest on-chain report revealed a notable surge in stablecoin activity across blockchain networks. Stablecoins saw a 45% growth in active addresses and a 41% increase in transactions between the first and third quarters. Contrastingly, DeFi experienced...

Portal, a visionary in the DeFi space, provides a sneak peek into its ongoing development of the Omnichain Liquidity Layer. Poised to serve as a complementary layer for existing blockchains, this groundbreaking solution aims to enhance liquidity without relying on traditional DeFi Bridges and wrappers—eliminating associated security vulnerabilities. Portal’s vision stands firm: a future where blockchain transactions are both seamless and secure, paving the way for...

The market is getting ready for yet another month of token unlocks. Data suggest that there were substantial unlocks exceeding $10 million in November, featuring tokens such as SUI, IMX, HFT, APT, APE, AVAX, OP, and others. Nearly $400 million worth of assets will enter circulation following the unlock events. Token Unlock: November Edition According to the TokenUnlocks website, SUI is the first token to be unlocked this month on November 3rd. These newly unlocked tokens –...

In a recent revelation, Elastic Security Labs has uncovered a sophisticated cyber intrusion by North Korean hackers believed to be associated with the Lazarus group. This incident, tracked as REF7001, involved the use of a new macOS malware named Kandykorn, which has been specifically designed to target blockchain engineers involved in cryptocurrency exchange platforms. North Korean Hackers Target Crypto Engineers with Discord-Distributed Malware Elastic Security Labs has...