Crypto news

Kujira and its partner join the Rujira Alliance to create a new DeFi app layer for THORChain. The integration will use the new RUJI token, while current KUJI token holders will be impacted. Kujira, a decentralized finance (DeFi) network, has announced the formation of the Rujira Alliance in collaboration with three important ecosystem partners: Fusion (FUZN), Unstake (NTSK), and Wink. This new cooperation intends to create a novel application layer for the cross-chain liquidity protocol...

A wallet associated with the defunct crypto exchange FTX and its sister company Alameda Research has redeemed 177,693 Solana (SOL) tokens, valued at approximately $23.75 million, from the Solana Proof-of-Stake (PoS) network. The movement, highlighted by PeckShield in a September 12 post on X, has reignited speculation within the crypto community about a potential selloff of the tokens. Speculation Rises After FTX/Alameda Wallet Movements Additional data from Solscan shows...

Indodax, a leading cryptocurrency exchange based in Indonesia, has been hit by a significant security breach, leading to losses estimated at approximately $15.7 million. PeckShield, a cybersecurity firm, first identified the exploit that saw significant cryptocurrency movements from Indodax’s wallets. The breach affected roughly $15.7 million in digital assets, including large quantities of Ethereum and other tokens. Another security firm, Cyvers Alerts, confirmed the suspicious activity. It...

On Tuesday, Singapore’s Deputy Prime Minister, Gan Kim Yong, addressed Parliament regarding concerns about Worldcoin’s operations in the country. The concerns were on threats such as improper use of Worldcoin accounts and the possibility of the accounts being used to conduct money laundering. Gan Kim Yong stressed that Worldcoin does not currently operate as a payment service provider under Singapore’s Payment Services Act (PS Act). However, he stated that trading Worldcoin accounts would...

Ethereum co-founder Vitalik Buterin has announced a shift in his endorsement strategy for Layer 2 (L2) scaling solutions. Beginning in 2025, he will only publicly support L2 projects that have reached at least Stage 1 in their development, with a possible short grace period for new and genuinely interesting projects. Buterin Shifts Focus to Layer 2 Projects “I take this seriously,” he wrote in an X post.  “Starting next year, I plan to only publicly mention L2s that are stage...

[PRESS RELEASE – New York, New York, September 12th, 2024] Leading web3 accelerator program Beacon has announced the launch of its fourth and largest cohort to date. Beacon, which finances projects from pre-seed to Series A, has selected 17 promising companies for its latest three-month program, marking a significant expansion from previous cohorts. The latest group is composed of the highest-profile firms in the history of Beacon, which was launched by Polygon co-founder...

Within the next six months, the United States arm of the financial services company, eToro, would cease trading almost all crypto assets on its platform due to a new order from the Securities and Exchange Commission (SEC). According to a press release from the SEC, eToro has violated federal securities laws since at least 2020. As a result, the exchange would pay a fine of $1.5 million and make a limited set of cryptocurrencies available for trading. SEC Announces Settlement...

TL;DR Binance will add two pairs to its Bots program, enabling direct trading against the Brazilian Real. On the other hand, it will delist several trading pairs, with some of the affected cryptocurrencies experiencing a brief price decline following the disclosure. The Upcoming Addition The leading cryptocurrency exchange will add BTC/BRL and USDT/BRL to the list of trading choices on Binance Trading Bots services. The new offerings will become available to users tomorrow...

[PRESS RELEASE – Singapore, Singapore, September 12th, 2024] Web3 user security platform GoPlus has announced that it has partnered with EVM-compatible sidechain Neo X to provide node security. Neo X has become the first blockchain to integrate GoPlus’ Security Module at the node level, providing foundational security for all users on its new sidechain. The integration with Neo X will allow users to seamlessly access an onchain firewall service. The GoPlus User Security...

Kuopio, Finland, September 12th, 2024, Chainwire Kampela, an innovative hardware startup, has successfully secured funding through a Decentralized Autonomous Organization (DAO) on the Polkadot network, marking a significant milestone as the first hardware project to be fully backed by a DAO in the Polkadot ecosystem. This achievement demonstrates the power of decentralized governance in supporting tangible technological innovations and opens new possibilities for hardware development in the...