Category : Blockchain

Blockchain

XRP staking scam

A phoney staking scheme is targeting XRP investors. XRP staking websites and emails have been faked. The swindle promises 12%–27% profits. (Read More)

The U.K. government is recruiting for a head to its central bank digital currency project

The U.K. is hiring a central bank digital currency (CBDC) chief to establish a digital pound. CBDCs promise financial inclusion and lower corporate and consumer expenses. A former Bank of England senior advisor opposed CBDCs. In 2021, 23 million Brit...

Injective Launches $150 Million Ecosystem

Injective, a layer-1 blockchain technology, is funding Cosmos network developers with $150 million. Pantera Capital, Kraken Ventures, Jump Crypto, and Gate Labs support the fund. (Read More)

Nifty Gateway Founders Resign

Nifty Gateway co-founders Duncan and Griffin Cock Foster are leaving Gemini. Gemini is suing Genesis Global, an insolvent cryptocurrency lender. "Technical leader" Eddie Ma and "non-tech leader" Tara Harris will head the platform. (Read More)

ARK Invest CEO: Crypto Assets Will See Huge Turn

ARK Invest CEO Cathie Wood predicts 2% inflation. Due to diminishing money supply, Wood expects inflation to go below this level and potentially into negative territory. The business recently sold its Grayscale Bitcoin Trust (GBTC) shares and bought...

The Wormhole hack: hacker shifts $155 million

On January 23, a DEX received $155 million in Ether. The Wormhole attack, which lost 120,000 Wrapped ETH on Feb. 2, was 2022's third biggest crypto heist. (Read More)

BlockFi to Sell $160 Million in Bitcoin Mining Machine

BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized. (Read More)

The UK's Regulatory Policy Committee is Against the FCA

The Regulatory Policy Committee thinks the 2021 action is unjustified now. The Department for Business, Energy, and Industrial Strategy funds the committee. The restriction is "red," meaning it's unsuitable. (Read More)

DCG's subsidiary Genesis Capital slapped with new class

Genesis Capital, a DCG subsidiary, faces a class action lawsuit. Digital asset lending clients filed the complaint. Genesis violated securities laws by providing unregistered securities. (Read More)

Uniswap v3 Protocol to Be Deploy to BNB Chain

80% of Uniswap users opted for BNB Chain's third decentralised exchange system. A "temperature check" determined community support. Five to seven weeks are needed to implement smart contracts. (Read More)

Binance Admits to Storing Customer Funds in the same wallet

Binance maintains certain client assets in the same wallet as its collateral for in-house tokens. Binance moved the funds to collateral wallets after the disclosure. B-Tokens are 1:1 collateralized, according to the company. (Read More)

New partnership to enable Bitcoin micropayments for content platforms

Crypto has enabled micro-monetization across businesses. Play-to-earn games and music streaming led this crypto integration. ZEBEDEE and Fountain, a value-for-value podcasting platform, partnered. (Read More)

QuickNode Closes $60 Million Funding Round

QuickNode raised $60 million. Series B was the company's biggest round since October 2021. Quick Node hosts 16 blockchains, including Ethereum, Matic, Optimism, Arbitrum, and Solana. (Read More)

SushiSwap to Redirect Trading Fees to its treasury

SushiSwap will shortly transfer all trade fees to its treasury. 99.85% of voters "clawbacked" 10,936,284 unclaimed SUSHI ($14.8 million) tokens. (Read More)

Australian crypto executives urge caution on regulation

Crypto CEOs warn against classifying all digital assets as financial instruments. Assistant Treasurer Stephen Jones said he was "not that enticed" to creating new rules for a financial product. According to the Sydney Morning Herald, Australian finan...

Cardano Nodes Go Offline for Half an Hour

Stake pool operators reported 50% of Cardano nodes disconnecting and restarting due to anomaly. Cardano's fintech business is investigating the anomaly's cause. (Read More)

Insider Trading and Cryptocurrency

Coinbase director Conor Grogan saw Binance-linked anonymous wallet transactions. The wallets acquired unlisted tokens minutes before their listing announcement on Binance's website and sold them shortly after, sparking suspicions of crypto insider tr...

New clause in South Africa's advertising code for cryptocurrency

South Africa's Advertising Regulatory Board now covers cryptocurrencies. Ads must "expressly and plainly" warn investors of money loss. They must also provide balanced information on product returns, features, advantages, and dangers. (Read More)

The Metaverse: The Future of Social Life?

In December 2022, CoinWire polled 10,000 crypto investors. 69% of respondents expected the metaverse to change social lifestyle with a new entertainment model, and 65% expected it to affect social activities. (Read More)

Brazil and Argentina explore a common currency

Coinbase CEO Brian Armstrong promotes Bitcoin for Brazil and Argentina. A alternative currency to the Argentine peso and Brazilian real is being prepared by the two South American nations. BTC might become the second-largest currency bloc after the U...

Argo Blockchain regains stock listing compliance with Nasdaq

Nasdaq relisted bitcoin mining company Argo. Nasdaq's listing standards demand a minimum closing bid price of $1 for 30 consecutive working days, which the firm did not meet. After Nasdaq notified ARBK about noncompliance in December, shares recovere...

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