On Monday, two adversaries exploited a flaw in the Azuki DAO governance token contract and stole 35 ETH. Because the contract’s signature claimed variable wasn’t adequately validated, replay attacks were possible. The contract is now paused, according to MetaSleuth, a blockchain intelligence business. On the other hand, Members of the
July 3, 2023 2 mins read
Over 600 airlines across the globe now accept payments in several digital currencies thanks to Binance Exchange’s Binance Pay service. Binance said that the new service was made possible by the exchange’s partnership with Alternative Airlines. The latter is an online travel agency that accepts payments in more than 70
July 1, 2023 2 mins read
On Wednesday, at a panel discussion of central bankers organized by the ECB in Sintra, Portugal, Federal Reserve Chair Jerome Powell reiterated the Fed’s hawkish approach. Powell stressed that the Fed is not done managing inflation and indicated the potential of consecutive interest rate rises ahead of the next Federal
July 1, 2023 1 min read
The bankruptcy court has approved Celsius Network’s plan to convert all assets held in cryptocurrencies into Bitcoin and Ethereum. Judge Martin Glenn of the Southern District of New York has rendered a fresh judgment in the platform’s bankruptcy proceedings. And the liquidations will soon allow for the release of payment
June 30, 2023 1 min read
In a time when the cryptocurrency sector is facing regulatory hurdles elsewhere, notably in the United States, South Korea enacted its first independent virtual asset law on Friday. The purpose of the bill is to strengthen crypto regulation and shield investors against mishaps like Terra-LUNA, which was precipitated by Terra
June 30, 2023 1 min read
KuCoin, one of the largest cryptocurrency exchanges, is implementing stricter identity verification procedures as part of its ongoing efforts to improve its KYC system. To better adhere to international Anti-Money Laundering standards, KuCoin stated on June 28 that it will be upgrading its Know Your Customer (KYC) system. After July
June 29, 2023 2 mins read
Tether, the firm behind USDT, the biggest stablecoin, and the officials of Georgia have signed a Memorandum of Understanding (MOU). Because of this collaboration, the country will be able to get closer to its goal of being a worldwide hub for blockchain technology, and the company’s reputation as “a pioneering
June 28, 2023 1 min read
One of the prominent Bitcoin mining businesses, Riot Platforms, has spent $162.9M on 33,280 “next-generation” Bitcoin miners for its Texas data center. The purchase of the mining rigs from supplier MicroBT is well ahead of Bitcoin’s next halving cycle, which is expected to occur around the middle of 2024. The
June 27, 2023 2 mins read
Crypto miner Hut 8 said it has secured a $50 million credit facility with Coinbase Credit. The North American crypto miner said in a statement that it plans to utilize the loan funds for “general corporate purposes.” Thus, giving it more leeway financially and allowing it to better manage its
June 27, 2023 2 mins read
According to reports, Chinese IT giant Alibaba Cloud has partnered with the non-profit NEAR Foundation which developed the decentralized platform NEAR Protocol to promote Web3 throughout Asia and the Middle East. The native token of the ecosystem, NEAR, had its value increase by more than 13 percent following the announcement.
June 26, 2023 2 mins read
