Shanawaz

A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.

Posts by Shanawaz

cheqd Introduces Credential Service, Simplifying Credential Issuance for All

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

Onyx Protocol Exploited of $2.1 Million in Recent Attack

DeFi Protocol Arcadia Finance Hacked for $455,000

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

Terra Co-Founder Daniel Shin and Others Summoned to Court in South Korea

Prosecutors have summoned Terra co-founders Daniel Shin and 7 others to court on several accusations as South Korea pursues the extradition of Terra co-founder Do Kwon from Montenegro. In the first trial in South Korea, a court heard charges of fraud, breach of duty, embezzlement, and violation of the Capital

July 10, 2023 1 min read

Gemini Urges CFTC to Abandon Event Contracts on Prediction Markets Ban Proposal

Gemini Co-founder Files Lawsuit Against DCG and Its CEO

Cameron Winklevoss, the co-founder of Gemini, has declared that he has sued the Digital Currency Group (DCG) and its CEO, Barry Silbert, in his personal capacity. The complaint claimed that DCG and Silbert defrauded creditors by keeping their money. This comes after Winklevoss, earlier this week, made the last offer

July 7, 2023 2 mins read

Oman Progresses on Virtual Asset Regulatory Framework

Canada Securities Administrators (CSA) Releases New Crypto Guidelines

The Canada Securities Administrators (CSA) have issued new rules for investment funds that hold or intend to engage in crypto assets, focusing particularly on meeting the requirements of securities legislation. Unlike the US SEC, Canada is acknowledging the benefits of crypto and Bitcoin and is progressively loosening restrictions on investment

July 7, 2023 2 mins read

Bakkt Eyes Global Expansion Amid Regulatory Uncertainty in U.S

Bakkt CEO Gavin Michael has said that the business is considering expanding internationally to Hong Kong, the United Kingdom, and the European Union. This is because of the absence of a stable regulatory environment in the United States. The CEO stated: “We’re particularly focused on Hong Kong, the UK and

July 6, 2023 2 mins read

Nexo Launches $12M Token Hunt Promotional Campaign to Celebrate 6th Anniversary

Nexo Passes Type 2 SOC 2 Audit, Establishing Data Security Compliance

The successful conclusion of its independent Type 2 SOC 2 audit today represented a key milestone for Nexo, the leading institution for digital assets worldwide. With this move, Nexo demonstrates its dedication to providing clients with industry-leading client data protection and guarantees a superior user experience for the company’s continuously expanding

July 6, 2023 2 mins read

UK Finance Disagrees With BoE’s Proposed CBDC Cap Limit

A central bank digital currency (CBDC) created by the United Kingdom is being discussed by financial institutions there. One of the major financial membership organizations in the United Kingdom, U.K. Finance, has responded to a consultation of the Bank of England on the potential introduction of a digital pound by

July 4, 2023 1 min read

Terra Classic Devs Propose Bug Bounty Program To Improve Security

The Joint L1 Task Force (L1TF), a group of community-backed core developers for Terra Luna Classic, has suggested a bug bounty program to reward those who discover and responsibly disclose flaws in the system. The reward will be paid entirely out of donations to LITF made by the general public.

July 4, 2023 2 mins read

Thailand SEC Announces New Stringent Regulations for Crypto Firms

In order to safeguard investors, the Securities and Exchange Commission (SEC) of Thailand has announced new regulations for companies that offer services related to digital assets. In accordance with the new regulations, companies providing digital asset services must clearly communicate the dangers of investing in cryptocurrencies. A predefined message must

July 3, 2023 2 mins read