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Read More »Solana’s SOL Gains First Implied Volatility Index: What It Means for Traders
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Read More »Ripple CEO Confirms Imminent US Dollar-Pegged Stablecoin Launch RLUSD
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Read More »Samsung Next Invests in Sony’s Partner Startale Labs to Push Web3 Growth
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Read More »Former Mt.Gox CEO to Launch Transparency-Focused Crypto Exchange EllipX
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Read More »SEC Charges Crypto Advisor For Storing Money At FTX
The U.S. Securities and Exchange Commission has levied another set of charges against Galois Capital – a crypto-focused advisory firm that custodied client assets at FTX. For its actions, Galois agreed to pay a civil penalty of $225,000, which will be distributed to harmed investors of the fund. Charged For Losing Money In FTX Per the SEC’s Tuesday press release, the agency found that Galois failed to ensure that the crypto held by the private fund it was advising was held...
Read More »Ripple’s UBRI Program Welcomes Yonsei University as its Latest Partner in Asia Pacific
Ripple has announced that South Korea’s Yonsei University is the latest to become a partner in its University Blockchain Research Initiative (UBRI) program. This new collaboration with the popular South Korean academic institution brings Ripple’s global UBRI partnerships to 58, with 12 of them located in the Asia Pacific region. Yonsei University will engage in a multi-year effort to drive research in blockchain technology, focusing on areas like artificial intelligence,...
Read More »New Ethereum DEX Ethervista Guzzles Gas, Bucking Low Network Fee Trend
Ethervista, which is being described as the “Pump.fun” of Ethereum, released its whitepaper on Aug. 31, claiming to be a “value-compounding deflationary currency” with the token VISTA. Pump.fun is a Solana-based marketplace that allows users to easily create and distribute their own tokens, which are primarily meme coins. Its gas usage has surged to become the top consumer guzzling 150 ETH in gas over the past day, according to Dune Analytics. Deflationary DeFi Asset The...
Read More »WazirX Hack: $6.5 Million Moved to Tornado Cash
The recent hack of the cryptocurrency exchange WazirX has witnessed a significant development. The hackers have transferred 2,600 ETH, worth approximately $6.5 million, to Tornado Cash, a cryptocurrency mixer that is under U.S. sanctions. This action, identified by the security firm PeckShield, is a common technique used by cybercriminals to obscure the trail of stolen funds and make it more challenging for authorities to trace and recover them. On the 18th of July 2024, WazirX was struck by...
Read More »DeFi Protocol Threshold Wants to Merge with WBTC
Threshold has proposed a merger of its tBTC token with WBTC as the industry is concerned for the latter’s future. Threshold, a protocol offering a decentralized version of wrapped bitcoin through its tBTC token, has proposed a merger with BitGo’s WBTC token in an effort to “save” the biggest wrapped bitcoin token by market cap. WBTC’s future has become concerning for the crypto community after BitGo partnered with Hong Kong-based BiT Global to expand its foothold beyond the United States....
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