Malicious hacks and money laundering in the DeFi space are now in full swing. Curve.Finance, one of the top DeFi protocols, turned out to be the recent victim of nearly a $570k hack. On Friday, Binance CEO Changpeng Zhao revealed that the exchange had frozen or recovered $450,000 of the
Vasil update planned for the end of this month has been pushed off for few more weeks. Until the Vasil update is live, COTI says, the Djed mainnet rollout will be on hold. COTI, a major enterprise-grade financial organization, has given an update on Cardano’s stablecoin Djed deployment on the
Infrawatch PH filed a 12-page complaint with the Philippines’ SEC. Binance does not have an office in Manila. For the second time, Infrawatch PH has requested that more government officials examine Binance for possible legal infractions in the Philippines. Infrawatch PH filed a 12-page complaint with the Philippines’ Securities and
Bloomberg Businessweek published the article on June 25th. The cases have been filed in both courts of New York and Hong Kong. Binance CEO and founder Changpeng Zhao (CZ) has filed a lawsuit in Hong Kong and New York against the media house Bloomberg. On June 23, Bloomberg Businessweek published
Crypto market lost almost 70% of its value from its all-time high of 3 trillion. Top 7 billionaires lost over $144 billion. The bitcoin dip triggered the market and 7 notable billionaire investors Changpeng Zhao, Samuel Bankman-fried, Brian Armstrong, Mike Novogratz, Fred Ehrsam, Tyler Winkelvoss, and Cameran Winkelvoss are lost
Binance – the leading and the largest cryptocurrency exchange in the world, has been deeply driven in expanding its market. On that note, the the CEO of Binance, Changpeng Zhao (CZ) is very much eager in extending the company in all parts of the world. Recently, CZ stated, “Binance is
LUNA team was unable to create enough “revenue” to keep it going. The incentives utilized to attract new investors were not sufficient to keep pace. Following the recent Terra ecosystem collapse, Changpeng Zhao, the CEO of Binance, has continued to express his thoughts on the matter. According to a recent
Central bank of Honduras refuses to back up cryptocurrency transactions. The first crypto ATM was installed in Honduras in August of last year. Honduran authorities say that Bitcoin and other cryptocurrencies are now legal money in a special economic zone on a Caribbean island. In order to stimulate investment, a
Instant settlements are possible with cryptocurrencies, unlike conventional payments. Fiat money must be very stable and managed to maintain legal tender status. Coins like Bitcoin and Ethereum are becoming a worldwide phenomenon, with some even suggesting that they may one day replace fiat currencies entirely in the future. As the
NFT-based governance rules will be implemented throughout various sectors. Binance CEO Changpeng Zhao has announced plans to create a new regional office. Taxes on urban real estate inside the municipal borders of Rio de Janeiro, Brazil, will now be accepted in Bitcoin (BTC). Chicao Bulhoes, the secretary of economic development,
