Crypto news

United States prosecutors have slammed charges against two Europeans for allegedly conspiring with recently sentenced Ethereum developer Virgil Griffith to help North Korea evade US sanctions with cryptocurrency and blockchain technology. Two Suspects Tied to 2019 Pyongyang Crypto Conference According to a Department of Justice (DoJ) press release on Monday (April 25, 2022), 47-year-old Spanish citizen Alejandro Cao de Benos and a 30-year-old British citizen, Christopher...

The Singapore-headquartered digital asset exchange – Bybit – expanded its services, enabling crypto options trading. Upon launch, users will be able to trade USDC options and perpetuals through portfolio margin, which employs a risk-based model for experienced investors to increase fund utilization on the underlying price and volatility. Bybit’s Newest Feature According to the document shared with CryptoPotato, the function will enable Bybit’s clients to speculate on the...

Not long ago, Live Bitcoin News put out an article discussing the hacking of gaming network Axie Infinity, which ultimately resulted in more than $600 million in digital currency funds being stolen overnight. The incident is easily one to mar the crypto books and one of the biggest digital currency heists in history. Axie Infinity Was Allegedly Hit by Lazarus Since then, additional details have come about linking the incident to Lazarus, a notorious hacking group...

EMV-compatible layer 1 protocol, Flare, has received the Algorand Foundation Bridges SupaGrant to build a bridge that will connect the Bitcoin network with Algorand. Flare to Bridge Bitcoin and Algorand The grant partnership between both firms will help boost the growth of the Algorand ecosystem and the DeFi industry at large. In an official press release shared with CryptoPotato on Tuesday, Flare noted that the bridge will enable secure and trustless interoperability between...

Carolyn Rogers – senior Deputy Official for the Bank of Canada (BOC) – recently denied the notion that cryptocurrencies could be a viable hedge against inflation. Citing their volatility, she stated that digital assets “don’t meet the test” of a stable source of payment, or value. Another Banker Against Bitcoin Liberal MP Yvan Baker asked the official on Monday whether digital currencies like Bitcoin could be an effective way for regular people to opt-out of inflation. Like...

Antoni Trenchev – CEO of crypto trading platform Nexo – is confident bitcoin could reach a price of $100,000 by the end of this year. Bitcoin Is Destined for Big Things, It Seems Bitcoin has been on something of a downward spiral as of late. The world’s number one digital currency by market cap hit a new all-time high back in November of last year, reaching a whopping $68,000 per unit at the time. However, since then, the currency has been backtracking, and never has...

0x Labs – a San Francisco based decentralized exchange infrastructure provider – recently closed a Series B funding round led by venture capital firm Greylock Partners. The firm raised $70 million in total, with added help from Pantera, Jump Capital, OpenSea, and famous American actor/ musician Jared Leto. 0x’s valuation remains undisclosed, but it raised $24 million from its ZRX token sale back in 2017, and $15 million in a Series A led by Pantera capital last year. The...

Input-Output HK (IOHK) – the development company and driving force behind Cardano (ADA) – provided updates on Cardano-based NFT loan platforms, multi-chain bridges between the blockchain and Ethereum, etc. According to Input-Output HK’s thread of tweets, the Cardano network is currently housing nearly a total of 900 projects, with the latest example of IagonOfficial, a cloud computing platform, announcing its migration to Cardano last week. Since then, 50% of its token supply...

Amazon has emerged with some rather disappointing news for crypto fans. The company appears to have gone back and forth in time when it comes to accepting crypto payments, and now it looks like the company is not quite ready to move in that direction. Amazon Eliminates All Hope of Crypto Payments Amazon is one of the largest – if not the largest – retailer in the world. The online selling giant initially started out as a place to buy books, but now it seems like you can...

SushiSwap has come up with a restructuring plan after the exodus of developers and talent in the past months. In the latest blog post, the popular DEX acknowledged the internal crises that plagued the ecosystem after the exits of its top leaders and an apparently failed union with Frog Nation. It has a new vision in place. SushiSwap’s Restructuring Plans SushiSwap has revealed carrying out a reorganization by retaining and installing a “strong and loyal” team. Reportedly new...