Crypto news

Popular cryptocurrency exchange Coinbase has a white hat hacker to thank after he discovered a potential security flaw that could have resulted in devastating losses for customers. Coinbase Could Have Been Stuck in a Rut The security engineer who discovered the problem goes by the name Tree of Alpha. A real name is unknown at the time of writing, though this white hat hacker has ultimately garnered a bounty of about $250,000 from Coinbase due to his recent discovery....

ApplePay – Apple’s digital wallet service – is no longer providing support to Russian banks following sanctions from the United States and its western allies. Applications from Promsvyabank – a state-backed Russian bank – have also been removed from the App Store. Sanctioning Russia Apple’s removal of Russian financial services was reported by Russian news outlet RBC on Thursday. Three of Promsvyabank’s applications have vanished from the Apple store: mobile banking, PBS...

Western and Asian leaders have revealed more sanctions on Russia after its forces invaded Ukraine. Australia, New Zealand, Taiwan, the European Union, and Japan have all slapped Moscow with fresh embargoes on Friday, fiercely condemning the military aggression that’s unfolding in Ukraine. Amidst the crisis, Ukraine urged the West to ban Russia from SWIFT, the high-security network that expedites payments among some 11,000 financial institutions in over 200 countries. Earlier...

Despite its record-low price, Miami Coin is going to stick around for some time according to Mayor Francis Suarez. The Price of Miami Coin Is Low Miami Coin is a new digital asset built for the city of Miami in Florida. The currency has only been around for a few months but is part of the region’s goal to become one of the most crypto-oriented cities in the United States. Suarez initially had the currency commissioned to give residents an opportunity to pay utility bills...

The Cardano blockchain will have its first ZK rollup layer 2 solution – Orbis. The main objective is to support decentralized finance (DeFi) applications and a thriving blockchain ecosystem. A Wave of ZK Companies The official blog post by the team behind the protocol explained that Orbis offers the level of scalability and transaction throughput relevant for blockchain to transform into a “global financial system.” Similar to other zk-based solutions, the transactions will...

Shahaf Bar-Geffen is the CEO and founder of COTI Network, a blockchain-based payments network. Bar-Geffen has a rich background in the tech field, and, believe it or not, back in 2016, he sold a media company by the name of Web3 to Mccan Erickson Group (IPG). He also founded a company called Positive Mobile – one of the first venues to advertise on smartphones and a company that was also acquired later on. His crypto passion started in 2015 and became even more serious when...

Chinese crypto exchange Huobi is planning to make its way back into the cryptocurrency spotlight. Like the Terminator, Huobi Is Saying “I’ll Be Back” Huobi shut down a few years ago as a means of complying with new regulations set forth by state regulators in China. One of the company’s co-founders – Du Jun – says that the firm is learning from past mistakes and that it’s looking to fix all the missteps it took. One of the big goals of the company is to focus on areas...

The fifth-largest Ethereum mining pool – Flexpool – announced it will no longer provide services to customers in Russia. By doing so, the entity opposed Putin’s military operation and showed solidarity with Ukraine. The mining company became the first in its field to halt its endeavors on Russian soil. This comes a day after the largest country by landmass sent military troops in Ukraine and endangered the peace in Eastern Europe. Flexpool stated that it usually stands away...

[PRESS RELEASE – Sheridan, United States / Wyoming, 23rd February 2022] Today Art101 launched their newest NFT Collection BASED VITALIK. Inspired by and based on the ever eccentric creator of Ethereum. A traditional portrait turned generative NFT, BASED VITALIK is a high-effort collection developed entirely in-house by the creators of Non-Fungible Soup. BASED VITALIK is now available to be minted for just 0.06 Ξ on the official website BasedVitalik.io. There is a final supply...

[PRESS RELEASE – Leeuwarden, Netherlands, 22nd February 2022] Kryptomon launches the first stage of its living-NFT-powered, play-and-earn game, allowing users to hatch, train, breed, and trade their NFTs, as well as participate in location-based treasure hunts in the Metaverse. Kryptomon also sends players a monthly comic full of game lore. Kryptomon, the NFT play-to-earn blockchain game where Pokémon meets Tamagotchi and CryptoKitties, launches Stage 1 of its NFT gaming...