To counter cryptocurrency theft and cyberattacks from North Korea, South Korea has declared its first set of unilateral restrictions. As reported by the Seoul Ministry of Foreign Affairs. Four North Korean people and seven firms have been blacklisted for their suspected participation in cyberattacks and crypto theft. Notable people including
February 12, 2023 1 min read
According to an article published by The WSJ on February 10th, stablecoin issuer Tether Holdings is using the services of a big Wall Street company to oversee its Treasury holdings. The Journal said, citing people familiar with the situation, that Cantor Fitzgerald is assisting Tether in managing a $39 billion
February 11, 2023 1 min read
One of the largest Bitcoin mining places in the world, Kazakhstan, has revealed intentions to impose new crypto legislation. In an effort to curb tax evasion and unsavory business practices. Kazakhstan President Kassym-Jomart Tokayev reaffirmed the country’s position on February 6. By signing new legislation prohibiting the illegal mining of
February 11, 2023 1 min read
According to its annual filing to the Securities and Exchange Commission, payments giant Paypal possessed more than $500M worth of the two major cryptocurrencies as of December 31, 2021. Included in the total were $291M in Bitcoin (BTC) and $250M in Ethereum (ETH). In addition to the $534 million in
February 10, 2023 1 min read
Vortex Protocol was acquired by the widely used Ethereum-based decentralized exchange (DEX), SushiSwap today for an undisclosed sum. The on-chain trading platform, which will be rebranded as part of SushiSwap. Moreover, it will be built on Sei Network, a blockchain that employs Cosmos’s technology. In the future, users of the
February 10, 2023 2 mins read
According to its most recent attestation report, Tether Holdings Limited, the issuer of the biggest stablecoin USDT, earned $700 million in the fourth quarter. In this case, the value of the consolidated assets is more than the total of the consolidated liabilities. At the conclusion of the year, Tether, a
February 9, 2023 1 min read
Interestingly, the web 3.0 wallet MetaMask has now announced that it would support bank transfers for customers in India. Users in India may now utilize the country’s premier payments system, Unified Payments Interface (UPI), to have immediate access to crypto assets. MetaMask users will be able to buy cryptocurrency using
February 9, 2023 1 min read
An educational marketplace driven by NFTs has been launched by the interoperable blockchain network Flare in collaboration with the edtech firm Uppercent. High-quality online courses taught by the top 1% of achievers globally will be made accessible via the usage of non-fungible tokens, issued on Flare. Members may purchase, sell, and
February 8, 2023 2 mins read
Riot, a Bitcoin mining firm, claimed today that its monthly output hit a record 740 BTC in January. Despite a decrease in its fleet of mining equipment and hash rate capability. This is a 12 percent rise from the 659 BTC produced in December 2022. And a 62 percent increase
February 6, 2023 1 min read
The new head of the BIS Innovation Hub Cecilia Skingsley remarked on Monday that central bank digital currency (CBDC) would never have complete interconnectivity owing to cross-border limits. Despite the instability in the crypto business last year, such as the bankruptcy of the FTX crypto exchange. Skingsley notes the rebound
February 6, 2023 1 min read