Binance, the largest crypto exchange in the world, just released its latest report for its reserves. Following the FTX liquidity issue debacle, crypto exchanges have periodically published reports of their reserve holdings to address investor concerns. And with billions of dollars of digital assets under its control, Binance’s ability to cover user deposits in the […]

Curve Finance witnessed a hack attack that drained over $61 million from its Vyper-based liquidity pools on July 30. The report revealed the attacker leveraged a vulnerability in Curve’s Vyper 0.2.15 reentrancy lock. After the hack, the protocol offered a bounty to the hacker. But based on a report on August 6, the hacker failed to […]

Popular decentralized finance (DeFi) platform MakerDAO has blocked US-based users’ access to its lending platform Spark Protocol. However, it remains unclear when Spark Protocol implemented this measure to restrict US users. Extra Efforts To Restrict US Users? In what seems to be an effort to enable the implementation of the ban, Spark Protocol has also […]

Shytoshi Kusama, the lead developer of Shiba Inu, has provided intricate details on the project’s intention to incorporate a Self-Sovereign Identity (SSI) feature into Shibarium. A new blog post has prompted a meticulous analysis from the SHIB army, keen to understand the broader implications of such an integration. Self-Sovereign Identity is not a novel concept, […]

The countdown has begun for a significant shift in the world of cryptocurrencies as a new US law gears up to reshape the landscape. Set to be enacted on January 1, 2024, this regulation mandates American businesses to collect personal information from individuals conducting digital asset transactions exceeding $10,000.  While hailed as a step towards […]

According to a press release, payment company PayPal launched a U.S.-backed stablecoin called PayPal USD (PYUSD). The digital asset is supported by short-term US treasuries and their cash equivalents, and other assets in the nascent sector, such as Tether (USDT) and USD Coin (USDC), are redeemable on a 1:1 parity for its underlying. Related Reading: […]

Ripple Labs, a leading name in the blockchain industry, has faced significant setbacks over the past few years, mainly due to a drawn-out lawsuit with the US Securities and Exchange Commission (SEC). As discussions and debates surrounding the lawsuit’s impacts on the company’s growth continue, Hugo Philon, CEO of Flare Labs, shared his insights on […]

An Ethereum-based blockchain tool known as Salsal is under development, set to transform the way museums and cultural institutions manage and safeguard their invaluable historical collections.  Spearheaded by Mark Altaweel, a distinguished professor in the archeology department at the University College of London, the Salsal project has been a collaborative effort with colleagues at Abu […]

In a recent development, the attention of crypto Twitter has been captured by a string of transactions that occurred on the  Blur NFT marketplace. The transactions have raised questions of legality after a creative trader with the name, Hanwe Chang, deceived a competitor into purchasing specific Azuki NFTs at an inflated price.  A Highly Controversial […]

For the Bitcoin and crypto market, the upcoming week promises to be a pivotal one. While the US Consumer Price Index (CPI), Jobless Claims, Producer Price Index (PPI) and Michigan Consumer Sentiment are all on the horizon, three events stand out as particularly: the July release of the CPI and PPI data, as well as […]

OPNX Exchange emerges as a potential savior for crypto lender Hodlnaut as it navigates the complexities of bankruptcy proceedings. A recent report from Bloomberg reveals that the exchange has extended a lifeline to the struggling company. By presenting a proposition to acquire 75% ownership, OPNX Exchange aims to rejuvenate Hodlnaut’s fortunes.  The proposal entails an […]

In a recent series of tweets, Adam Cochran, a well-known analyst in the crypto community and angel investor, has raised serious concerns about the solvency of Huobi, the world’s 12th largest crypto exchange by spot volume. This comes in the wake of reports that several executives from Huobi and Tron have been taken into custody […]