An important step has been taken in the wake of the FTX collapse with the referral of a lawsuit involving the appointment of an independent investigator to the US Third Circuit Court of Appeals by a judge in Delaware. The administration and a number of Senators first banded together to
May 31, 2023 2 mins read
In an attempt to set a new benchmark for openness and trust in the cryptocurrency sector, OKX, a cryptocurrency exchange located in Seychelles, has released its seventh proof-of-reserves (PoR) report. OKX holds $10 billion in bitcoin (BTC), ether (ETH), Tether (USDT), and other assets, according to a recent report. Moreover,
May 30, 2023 2 mins read
Thanks to an unexpected request made by the attacker, Tornado Cash governance token holders will soon recover authority over the protocol’s functioning. With this newfound power, the community may drive the protocol toward repair and increased safety. On May 26th, the proposal to return power to the original Tornado Cash
May 29, 2023 1 min read
There have been shifts in the last year regarding the market domination of stablecoins linked to the US dollar. Tether USDT, however, has returned to its all-time high, according to statistics compiled by CoinGecko, while the majority of cryptocurrencies are on a negative trend. Circle’s USDC market share has dropped
May 29, 2023 1 min read
The premier L1 blockchain platform, Sei Network, has now announced the completion of an update to Discord. This includes a novel feature designed to strengthen user authentication and community integrity. Humanode face verification has been added to the platform, allowing users to acquire Verified Seilor roles. The frequency of automated
May 27, 2023 2 mins read
Huobi Global has announced that it is getting ready to establish its Hong Kong branch for users in the city-state on June 1st. After a year of upheaval in the industry. The Securities and Futures Commission (SFC), Hong Kong’s securities regulator, has decided to allow retail trading in cryptocurrencies. This
May 27, 2023 2 mins read
While the price of Bitcoin fell for three days in a row last week, some “whales” who had been sitting on large sums of the cryptocurrency activated their inactive wallets. The asset’s price usually rises in tandem with this pattern. However, this might also be seen as large traders seeking
April 25, 2023 1 min read
Chainlink, the standard Web3 services platform, and GMX, the biggest decentralized perpetual exchange running on Arbitrum and Avalanche, have now announced that the GMX community has elected to incorporate Chainlink’s innovative low-latency oracles for financial market data. Moreover, launch partner GMX will be incorporating the new solution’s low-latency oracles into
April 25, 2023 2 mins read
A federal court ruled late Friday in a pre-trial summary judgement in a trademark infringement action that Bored Ape Yacht Club (BAYC) creator Yuga Labs is entitled to an injunction and damages against Ryder Ripps and Jeremy Cahen for their knockoff RR/BAYC NFT collection. In a statement, Yuga Labs called
April 23, 2023 2 mins read
Trust Wallet, a cryptocurrency wallet, has announced a security flaw that has cost some customers approximately $170,000. The firm claims that they have applied a fix to the issue. The Trust Wallet bug bounty program is where the company first learned about the vulnerability. In November of 2022, a security
April 23, 2023 2 mins read
