Although Apple removed a potentially harmful software that pretended to be the cryptocurrency hardware wallet Trezor, a simple search showed that numerous imitation applications were still available. Using such an app can directly lead to the loss of funds and account breaches by exploiters. Rafael Yakobi, managing partner of Crypto
June 21, 2023 1 min read
CertiK, a blockchain security company, was awarded a $500,000 prize by the Sui network for reporting a problem that may have affected the whole layer-1 blockchain. The CertiK team, in a statement, said that the “HamsterWheel” vulnerability was unique in comparison to other assaults that have shut down blockchains by
June 20, 2023 1 min read
Binance, the world’s largest cryptocurrency exchange, stated on Monday that it has relocated a huge chunk of Bitcoin to a new blockchain address. The security of user money, which is now being held in cold storage by Binance, has not been compromised by the transfer. Binance had already tweeted about
June 20, 2023 2 mins read
The Securities and Exchange Commission of Nigeria has banned a company called Binance Nigeria Limited from operating in the country. Investments placed on Binance Nigeria Limited are not protected by law, as stated in a circular released by the local authorities. Binance is now engaged in a heated legal struggle
June 19, 2023 1 min read
There’s a new protocol on Ethereum that lets people create and trade objects. It’s clear that the name “Ethscriptions” is a nod to “Inscriptions,” a related project by Ordinals that was implemented on the Bitcoin network. Tom Lehman, the former CEO of Genius.com and co-creator of the initiative, noted an
June 19, 2023 1 min read
Binance, the world’s largest cryptocurrency exchange, and its U.S. subsidiary, Binance U.S, along with the Securities and Exchange Commission (SEC) have negotiated a tentative settlement, which is awaiting approval from a federal court. The proposed agreement would restrict client money on the Binance.US crypto exchange to only the staff of
June 17, 2023 2 mins read
After almost a decade in business, San Francisco’s Wyre, a cryptocurrency payments startup, has announced shutdown, citing the problems of the crypto winter rather than any strong “regulatory agency direction” in the U.S. On June 16th, the firm said it will be shutting down in order to “protect the best
June 17, 2023 1 min read
On Thursday, Jack Dorsey’s payments firm Block announced the launch of an open beta test for its Bitkey self-custodial Bitcoin wallet. To securely transfer Bitcoin from Coinbase or CashApp to the wallet “without the friction of standard ‘copy and paste,’” the beta already contains unique interfaces with both services. Block,
June 16, 2023 2 mins read
After a rough couple of weeks, the cryptocurrency market is starting to trend upward again. After the interest rate decision by the U.S. Federal Reserve, the price of Bitcoin dropped below $25,000. The statements made by Fed Chair Jerome Powell prompted the sell-off, even though a halt to rate rises
June 16, 2023 2 mins read
To build a regulatory framework and introduce clear regulations and standards for the crypto business. The US Financial Services Committee will vote in the coming weeks on a comprehensive digital asset bill. This comes after a hearing held by the House Financial Services Committee on clarifying the framework and regulation
June 14, 2023 2 mins read