Huobi HK has filed for a virtual asset exchange license and now offers spot trading & virtual assets custodian services in Hong Kong. According to a post on Twitter, the exchange filed an application notice with the Hong Kong Securities and Futures Commission (SFC) on May 29. Before delivering their
May 29, 2023 2 mins read
It became clear on Sunday that the Digital Asset Mining Energy (DAME) excise tax proposed by the Biden administration was blocked as part of the agreement between President Joe Biden and House Speaker Kevin McCarthy on the U.S. debt ceiling. The Biden administration justified the proposed 30% tax on crypto
May 29, 2023 1 min read
According to a report by Nansen, the peer-to-peer lending and borrowing platform Blend, established this month by the newly minted non-fungible token marketplace behemoth Blur, has already handled approximately 16,000 loans for a total of 123,500 ETH, or $225 million. The marketplace Blur soon overtook OpenSea in terms of trading
May 28, 2023 1 min read
Patricia, a Nigerian platform for buying and selling cryptocurrencies and gift cards, has had a security compromise, forcing swift action to protect its consumers. The platform has temporarily disabled withdrawals as a security measure. The organization disclosed a security vulnerability that resulted in the loss of Bitcoin and Nigerian naira.
May 28, 2023 1 min read
Since Counterparty’s Rare Pepes and operation code Easter eggs, the newest iteration of NFTs on Bitcoin, Ordinals, has sprung onto the scene. Bitcoin is now the world’s second most popular blockchain for NFTs, behind Ethereum which is still the most popular blockchain overall. Ethereum has handled $390 million in on-chain
May 27, 2023 1 min read
Stablecoins worth $11.6 million were stolen in a cyberattack last month that targeted an earlier version of the Yearn Finance protocol. The exploiter has recently transferred more than $3.6 million, or over 2000 ETH, via Tornado Cash. According to data from PeckShield, a blockchain analytics company, the exploiter is transferring
May 26, 2023 1 min read
Increasing PoS use is indicative of a revolutionary change happening in the digital asset market. Polygon has been rather quiet this year, as discussions about Ethereum and layer 2s networks have dominated the field. Recent data, however, shows that the daily rate of new addresses established on it has increased.
May 25, 2023 1 min read
As of right now, users of Binance NFT will be able to borrow cryptocurrency using their NFTs as security. Users will be able to swiftly and simply access liquidity by borrowing ETH against their NFTs thanks to the loans, which will be made available with a few high-profile NFT projects
May 25, 2023 2 mins read
To keep in line with other countries in the region. Japan is anticipated to enact additional anti-money laundering measures to better monitor crypto transactions. According to Japan Today on Tuesday, the country’s government plans to apply the new restrictions on June 1, which would see the implementation of what is
May 24, 2023 1 min read
Bitlucky, a Croatian cryptocurrency investment business, has reportedly collapsed and lost $75 million in customer money. Thus, prompting authorities to launch an inquiry. Croatian media sites claimed earlier this week that the company’s director, Luka Burazer, emailed the company’s 700 or so customers to explain a slew of mistakes. Bitcoin
May 24, 2023 1 min read
