Despite being formally seized by European authorities, the Russia-connected cryptocurrency exchange Bitzlato has partly restored access to customer funds. Due to enforcement from the United States and Europol. Bitzlato has allowed its customers to withdraw up to 50% of assets locked on the platform. The company said on its Telegram
March 23, 2023 1 min read
Priority Power, a company that specializes in energy infrastructure, was given an order by the United States Bankruptcy Court for the Southern District of Texas to acquire around $20.8 million worth of mining equipment from Core Scientific. Two Texas mining facilities that were expected to generate 1,000 megawatts of power
March 22, 2023 1 min read
During the last two months, the popularity of “Bitcoin NFTs” has skyrocketed with the introduction of Ordinals, a protocol that enables users to digitally imprint media and text on the original blockchain, with over 500,000 such “inscriptions” having been produced already. Today, a major NFT marketplace on another chain is
March 22, 2023 1 min read
In a lawsuit filed on March 20th, Gala Games, developer of the GameFi project, said it had recently sued pNetwork, the cross-chain interoperability bridge it had been using on the BNB Smart Chain. When an illegitimate wallet address mined over $2 billion in GALA and dumped it on PancakeSwap in
March 21, 2023 1 min read
According to Bloomberg, Amazon has joined the recent wave of layoffs in the IT sector by letting go of another 9,000 workers today. Meta, Facebook’s parent company, has announced the layoff of an additional 10,000 workers, after the earlier dismissal of 11,000 staff. Amazon is just the latest IT company
March 21, 2023 1 min read
One of the largest self-custodial and multi-chain mobile wallets, Trust Wallet, has announced today that it has integrated with Coinpanda, Koinly, and CoinTracker to offer its users free insights reports to gain a deeper understanding of their cryptocurrency holdings as well as a quick, easy, and reasonably priced way to
March 20, 2023 2 mins read
Due to insufficient investor interest, 21Shares, a crypto ETP issuer located in Switzerland, would allegedly shut down five of its funds and delist another. According to Arielle Pennington, the company’s head of global communications, the company will keep offering its other products, which are in high demand. Bloomberg reports that
March 20, 2023 2 mins read
The DAI stablecoin’s issuing body, MakerDAO, has voted in favor of increasing its allocation to existing US Treasury holdings. DAI’s stablecoin liquid backing is being diversified by exposure to real-world assets (RWAs). Such as an increase in investments in government treasury bonds. Last year, MakerDAO’s RWA strategy kicked off with
March 19, 2023 1 min read
Binance introduced the “Secure Asset Fund for Users” (SAFU) on January 29, 2022; the SAFU is a $1 billion emergency insurance fund designed to protect Binance users in the case of a disaster. The SAFU fund’s initial holdings included BNB, BUSD, and BTC. Binance has replaced BUSD in the fund
March 18, 2023 1 min read
BitGo, a popular cryptocurrency wallet, has fixed a serious flaw that could have exposed the private keys of its retail and institutional users. In December 2022, the Fireblocks cryptography research team discovered the vulnerability and informed BitGo of it. BitGo Threshold Signature Scheme (TSS) wallets were susceptible to the flaw,
March 18, 2023 1 min read
