Crypto news

INTERNET CITY, DUBAI, Apr. 6, 2022 – LBank Exchange, a global digital asset trading platform, has listed Star Chain (STAR1) on April 6, 2022. For all users of LBank Exchange, the STAR(1)/USDT trading pair is now officially available for trading. K-POP has been trending and widely recognized as a genre of music that is popular around the world in recent years. Audition programs play an important role in bringing new stars to the K-POP market, however, there are many...

Top crypto exchange LBank and ETHDubai merge for an exclusive event at the LBank Labs. The event was a get-together of some prominent speakers developing and building on the Ethereum ecosystem. Venture capitalists, founders, and eminent crypto investors graced the event to meet and connect. While the event was insightful, it was also a moment of unwinding for the attendees after weeks of back-to-back cryptocurrency and blockchain summits in Dubai. The host, Patrick...

The Web3 investment fund – LongHash Ventures – teamed up with Terraform Labs to establish the LongHashX Accelerator Terra cohort. The join product will aim to reach founders and startups building in the Terra ecosystem. Terra’s Latest Partnership According to a document seen by CryptoPotato, the agreement will bring Terra’s first global accelerator program to market. Following the deal, LongHash Ventures vowed to accelerate and invest in the next generation of leading Web3...

Dubbed Nexo Prime, the proprietary prime brokerage platform will focus on catering to institutional, corporate, and high-net-worth investors. It aims to provide them with all the tools necessary to trade, borrow, lend, and securely store their digital assets in a single product. Digital Asset Prime Brokerage Unit In a press release shared with CryptoPotato, Kalin Metodiev, CFA, Nexo Co-Founder and Managing Partner, revealed that institutional and corporate demand for digital...

OpenZeppelin, a security audit company for Coinbase, identified $15B rugpull vulnerabilities in Convex Finance, whose anonymous developers later resolved the risk. The surprising discovery occurred during a security review of the Convex Finance protocol. A Bug Only Exploitable From the Inside The Security Research Team from OpenZeppelin found in late 2021 that a significant bug in the protocol could have led to putting the $15B worth of locked assets at risk. The...

Elon Musk has long been involved in the crypto world, both in negative and positive ways. At press time, it looks like the negative waves surrounding his crypto presence are taking a little more precedence than the positive ones given that his face and likeness are still being used for crypto scams across social media platforms. Elon Musk Is Still the Face of Crypto Fraud This has been an ongoing problem. For several years, many scams on sites like YouTube, Twitter, and...

The blockchain enterprise Near Protocol has reportedly secured a $350 million fundraiser. The initiative was led by Tiger Global Management – an American investment firm with over $90 billion in assets under management. Cited by Bloomberg, Amos Zhang – a Partner at MetaWeb VC (a company focused on investments that are part of the cryptocurrency industry) – said the fundraiser led by a giant such as Tiger Global “obviously means that Near might be one of the protocols that can...

BlockchainCom launched an asset management service, BCAM, on Wednesday. The new business arm has been created in partnership with Altis Partners, an investment management company with a focus on futures portfolios.  The new asset management brand will target “institutional investors, family offices, and high-net-worth individuals,” said a media report.  One of the products that BCAM plans to offer is tracking the “price of bitcoin versus the dollar.” As per the arrangement,...

Lawmakers in the European Union (EU) are making it hard for crypto traders to invest in digital currency while remaining private. Regulators say they are working to make it so that money laundering in the crypto space never happens again. As a result, they are implementing new rules that will require all crypto exchanges and trading platforms to obtain, hold, and submit information on customers involved in digital currency transfers. The EU Is Coming Down Hard on Crypto...

Litecoin Foundation, a community-run organization, committed to the development and adoption of Litecoin, announced a partnership with the digital currency mining platform AntPool to form LTC Labs. The newly established research laboratory will be dedicated to developing anonymous transactions, decentralized applications, Litecoin-based wallets, and other projects within the Litecoin ecosystem. Also, AntPool promised to donate half of its Litecoin mining earnings each month...