Tag Archives: News

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Vitalik Buterin, the famous Ethereum co-founder, has given his blessings for a proposal by DeFi protocols Uniswap and Across aimed at bringing a new Ethereum standard. This proposal, ERC (Ethereum Request for Comment)-7683, will ensure secure and efficient cross-chain decentralized trading. The proposal was posted on the Ethereum Magicians forum and describes how it can make the trading process between protocols operating in the broader Ethereum ecosystem efficient. That includes multichain...

Publicly listed crypto exchange Coinbase has issued a statement to Commodities and Futures Trading Commission (CFTC) officials on reconsidering its definition of ‘gaming.’ With that, it seeks to convince the agency to alter its upcoming rules for prediction markets. The Coinbase statement noted, “We support the Commission’s mission to promote integrity, resilience, and vibrancy of the US derivatives markets through sound regulation. However, we have significant concerns with both the...

A Donald Trump-themed memecoin called Restore the Republic (RTR), rumored to be backed by the former US President and current Republican presidential candidate, rose to a market cap of $155 million hours from launch. It then lost 95% of that value after Donald Trump’s son, Eric Trump, clarified it was not backed by the former president. The crypto ecosystem was pumped and awaited an official Trump memecoin as Eric Trump took to X earlier in the week, leaving a message about such an asset. In...

Indian cryptocurrency exchange WazirX is planning on reversing all transactions on its platform to get account balances to reflect the amounts they did on July 18. The platform experienced a $235 million exploit on that day as North Korean hackers ransacked its Ethereum-based multisig cold wallet. With that, all affected user accounts will receive the amounts the bad actors stole. In an announcement on August 8, the exchange stated, “After careful consideration of the situation and the...

Franklin Templeton’s FOBXX is now available on Arbitrum, enhancing digital asset compatibility. The integration is a significant step toward merging traditional and decentralized finance. The Arbitrum Foundation and global asset manager Franklin Templeton announced this week that the Franklin OnChain U.S. Government Money Fund (FOBXX) is now available on the Ethereum Layer 2 blockchain, Arbitrum. Investors can have access to FOBXX via digital wallets on the Benji Investments platform,...

Judge Analisa Torres of the US District Court for the Southern District of New York has ordered Ripple to pay $125 million to the US Securities and Exchange Commission (SEC) on August 7. The firm must make the transaction within 30 days of its judgment. Ripple had previously argued that the fine must not exceed $10 million as the SEC demanded $2 billion. A court filing mentioned that “Ripple is liable for a civil penalty in the amount of $125,035,150 pursuant to Section 20(d) of the...

Binance recovered over $73 million in user funds in 2024, surpassing 2023’s total. Most recoveries stem from external hacks, showcasing Binance’s proactive security efforts. Binance revealed the successful recovery and freezing of approximately $73 million in customer assets from external hacks between January 1 and July 31, 2024. This represents a huge increase over the $55 million collected throughout 2023. Binance’s proactive actions and coordination with industry participants and the...

Samsung and Illuvium join forces to bring the Illuvium universe to life on Samsung Web3 TVs. The GEN3RATOR campaign will further merge Samsung and Illuvium communities, featuring exclusive NFTs. Samsung has announced a groundbreaking collaboration with ‘Illuvium, a top Web3 game developer, to improve the Web3 television experience. Samsung’s Web3 TVs will incorporate Illuvium’s NFTs, allowing users to display in-game assets like weapons, Illuvials, and suits directly on their TV screens,...