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Search Results for: Crypto wallet

Exchanges Recommend Solana Investors to Move Their Holdings 

CEO of major crypto exchanges advised SOL investors to move their assets to their exchanges. CZ tweeted that there is an active security incident on Solana. The CEOs of prominent crypto exchanges have a recent update regarding the ongoing issues about Solana. According to the reports, Binance‘s CEO, Changpeng Zhao,

August 6, 2022 2 mins read

Dogecoin Foundation Releases Update For Enhanced Integration

Michi Lumin, the key developer of the Dogecoin Foundation, said on August 5 that libdogecoin, a new upgrade, has been made available. With the libdogecoin upgrade, Dogecoin can now be easily and directly integrated into a wide range of different platforms. Although this feature isn’t new, it’s unusual that it

August 5, 2022 2 mins read

Indian Regulators Issue “Freezing Order” Over Assets of WazirX

WazirX is accused of assisting 16 fintech companies in money laundering.  ED initiated the search operation on WazirX on August 3. India’s Directorate of Enforcement (ED) has taken a strong stance in the ongoing probe into the prominent Indian crypto exchange WazirX. On Friday, the ED confirmed a raid on

August 5, 2022 2 mins read

Jack Dorsey’s Block Inc Registers $1.5B in Q2 Profits

The American-based Block Inc, reports $1.5B in Q2 profits. The firm generated only $41 million, through the BTC trading service. The digital payments company, Block Inc., formerly Square, has released its Q2 result. The financial service, owned by former Twitter CEO, Jack Dorsey saw its year-over-year (YoY) profits jump 29%

August 5, 2022 1 min read

Meta Owned Instagram to Now Offer Digital Collectibles Feature

Digital items may also be minted on the Flow blockchain as per the announcement. MetaMask, Trust Wallet, and Rainbow are among the third-party wallets supported. It was stated by Meta in May that they will be launching a digital collectibles feature. For a while, the feature was restricted to a

August 4, 2022 2 mins read

FTX CEO Sam Bankman Fried Praises Solana Amid Recent Exploit

Solana has been able to solve two-thirds of its technical challenges as per the CEO. He expressed his confidence that it would pass the remaining one-third of the test. FTX CEO Sam Bankman-Fried came out in defence of Solana only a day after it was subjected to a massive exploit.

August 4, 2022 2 mins read

Starbuck’s First NFT Collection and Web 3.0 Experience

In its 2018 annual report, Starbucks said that its app users had a total of $1.6 billion.  Starbucks refers to the Web3 experience as a “third place.” Starbucks is all set to release its own Non Fungible Tokens (NFTs) at next month’s investor day event. Owners of the digital artifacts

August 4, 2022 2 mins read

WazirX Under Scrutiny by Indian Agencies For Money Laundering

A Show Cause Notice (SCN) has been issued under the terms of FEMA. ED is probing two instances involving WazirX under the FEMA Act 1999. State Minister for Finance Pankaj Chaudhary informed Rajya Sabha that ED has given a notice under the FEMA Act to crypto exchange WazirX. In a

August 3, 2022 2 mins read

Galoy Introduces Bitcoin-backed Synthetic Dollar Pegged to USD

Galoy also announced a $4 million capital raising to support the development. Stablesats’ source code may be seen on GitHub and on a dedicated website. The Lightning Network may eventually allow users to send and receive dollars with the press of a button. Wednesday, Galoy, the open-source financial platform that

August 3, 2022 1 min read

Hacker Returns $9 Million Worth of Stolen Funds Off the Nomad Bridge

Nomad disclosed that it is using a leading chain analysis service to track funds. More than $1 billion has already been stolen from bridges in 2022 as per reports. Almost $190 million in cryptocurrency was taken off the Nomad Bridge by hackers this morning. The hack once again exposed the

August 3, 2022 2 mins read