Vitalik Buterin, Ethereum’s co-founder, has discussed some of the obstacles that have arisen throughout the process of introducing account abstraction on the blockchain, despite the fact that this new feature is seen as an impetus that might bring one billion people to Ethereum. On July 18 at the Ethereum Community
July 18, 2023 1 min read
According to the BNB burn portal, Binance will burn 1.99 million BNB tokens as part of its 24th quarterly burn mechanism. To reduce the total number of BNB tokens in circulation, Binance has implemented a process called BNB Auto-Burn. The BNB price has been stuck around the $250 mark for
July 18, 2023 1 min read
Today marks Binance’s sixth anniversary. To mark the occasion, the founder and CEO of the world’s largest exchange Changpeng Zhao (CZ), has reflected on a number of moments in the platform’s history. The company’s chief executive said in a statement that Binance began operations in 2017 as a crypto-to-crypto exchange supporting five currencies
July 14, 2023 3 mins read
After the departure of Han Ng, Binance hired Eleanor Hughes to fill the position of general counsel. Last week, not only Ng, but also the chief strategy officer of Binance Patrick Hillmann, and the senior vice president of compliance at the cryptocurrency exchange, Steven Christie, resigned from their positions, leading
July 13, 2023 1 min read
According to a court filing made on Thursday, the U.S. SEC is suing defunct cryptocurrency lender Celsius Network and its founder and former CEO Alex Mashinsky. According to Bloomberg, citing a source familiar with the matter, Alex Mashinsky was detained on Thursday morning as a result of the ongoing investigation
July 13, 2023 2 mins read
XDC Network, a leading blockchain platform is delighted to announce its strategic partnership with SolidityScan, a prominent blockchain security firm. This partnership sets the stage for a dynamic collaboration aimed at bolstering security measures and fostering innovation within the blockchain ecosystem. 🚨Partnership Alert🚨 We are excited to announce that we
July 12, 2023 3 mins read
Spielworks, a blockchain-based gaming firm, has collaborated with Web3 platform Mycelium Network to provide a refund scheme for sales of non-fungible tokens (NFTs). In a press release, the team noted that participants in the program who purchase “Reverties” (a kind of NFT) are entitled to a complete USDC return. Users
July 12, 2023 2 mins read
In an effort to boost market transparency, the Financial Services Commission (FSC) of South Korea has mandated that beginning in 2024, crypto firms that issue or possess cryptocurrencies include particular crypto disclosures in their financial statements. The new law mandates that cryptocurrency enterprises disclose their coin’s revenues, volume, and market
July 12, 2023 1 min read
cheqd, a business that enables users and organizations to acquire control and portability over their data, has launched Credential Service, which provides organizations with an easy-to-use, plug-and-play solution for issuing and maintaining digital credentials. The “Credential-as-a-Service” provided by cheqd is a ready-made software-as-a-service solution that can be quickly implemented into any
July 12, 2023 3 mins read
Arcadia Finance, a protocol for non-custodial decentralized finance (DeFi), was hacked for over $455,000 due to a flaw in the code. The breach on Arcadia Finance was brought to light by blockchain investigator PeckShield. It attributed it to “the lack of untrusted input validation.” It was claimed that the code
July 11, 2023 1 min read