Blockchain

Prime Trust and most of its associates have come under undue problems. Prime Trust subsidiary Banq has filed for Chapter 11 bankruptcy protection in the United States District Court of Nevada. As reported by The Block, the decision to file comes only five days after the parent company reached an acquisition deal with BitGo due to its problems with embattled cryptocurrency exchange Celsius Network. Based on the filing, Banq currently has about $17.72 million in assets and a total liability...

An AWS outage shut down several apps and disrupted services, but did not disturb Ethereum despite hosting more than 64% of nodes. Although Amazon Web Services (AWS) had a minor outage on Tuesday, where it was temporarily unavailable, Ethereum remained unaffected. The temporary downtime did not affect Ethereum’s network nodes, which are mostly hosted on AWS. AWS first revealed at 12:08 PDT that it started an investigation into increased error rates and latencies it had noticed. The company...

The collaboration between Moxy.io and Stainless Games will allow esports enthusiasts to engage in competitive matches within the captivating world of Shock Rods. In an exciting collaboration, Moxy.io, an esports platform, has joined forces with Stainless Games, a renowned game developer, to bring back the classic game “Shock Rods” to the gaming community. According to the press release shared with Coinspeaker, the collaboration is a fantastic fit because both teams are committed to...

Amid growing concerns about consumer protection, market integrity, and financial crimes, the FCA has increased its scrutiny of the crypto sector. The UK’s Financial Conduct Authority (FCA) has approved Bitstamp’s registration as a crypto asset firm. Following the approval, Bitstamp became only the third firm to obtain the FCA license as a crypto exchange, following Gemini and Archax. Bitstamp Secures FCA Approval According to the FCA’s crypto register, Bitstamp UK Limited secured...

Tether announced it will coordinate with a third-party exchange to conduct a chain swap as it wants to convert 750 million USDT from Tron to Ethereum ERC20. The total supply of USDT will not change during this process, as per the firm. A chain swap process entails moving cryptocurrencies from one blockchain to another, which enables traders to obtain access to the various blockchains that support the cryptocurrency they are holding. In general, it allows the use of their...

The Maverick Protocol will be available on the Binance Launchpool as the newest project launched after the Sui blockchain in April. Binance has introduced the newest project on the Binance Launchpool, Maverick Protocol (MAV). The Maverick Protocol, the 34th project on Binance Launchpool, is a decentralized exchange (DEX) that helps liquidity producers hit their capital efficiency targets regardless of their liquidity providing (LP) strategy. According to the official Binance announcement,...

The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week. The cryptocurrency market is in a crucial growth phase that could significantly determine the winners of blockchain mainstream adoption. The fact that different countries are coming up with respective crypto policies is a true testament that there is a need for an update on the decades-old financial systems. Notably, Europe, Hong Kong, Middle East countries, El...

As the permissionless beta launch of TON.Vote. goes live, Orbs’ L3 Guardians technology will be required to boost security.  Layer-3 infrastructure network for Decentralized Applications (DApps) Orbs has announced the permissionless beta launch of TON.Vote. According to the Press Release shared with Coinspeaker, TON.Vote is the new Decentralized Autonomous Organization (DAO)-based governance solution for The Open Network (TON).  According to Orbs, any TON-based project focused on infusing...

The crypto assets stolen during the Atomic Wallet hack have found their way to the sanctioned Russia-based cryptocurrency exchange Garantex, with the attackers trading the tokens for Bitcoin (BTC). According to a tweet from blockchain analytics provider Elliptic, the hackers, believed to be part of the North Korean notorious Lazarus Group, have turned to Garantex as several crypto exchanges are working together to freeze funds related to the hack. Atomic Wallet Hackers Turn...

After the analysis of thousands of feedback from employees across various workplaces in the Bay Area, Ripple was named among the top 10 in the Fortune Magazine ranking of the best workplaces in 2023. The Great Place to Work ranking is based on employees’ experiences and general feedback about their workplaces. The data is usually gathered to see how companies can improve based on the information derived about specific needs. In conducting the analysis, they use a Trust Index survey to get...