Binance executive collapses during Nigeria trial for money laundering
Gambaryan missed a court appearance on tax evasion charges but managed to attend the money laundering trial on the same day.
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DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy
Venus Protocol and Blizz Finance announced that their protocols were exploited due to the difference in LUNA market price and price feed as Chainlink paused the LUNA oracle. 2099 Total views 11 Total shares The seemingly endless freefall of Terra (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price…

The rise of crypto charities: Elongate and Munch raise millions for various causes
The cryptocurrency community is flexing its generosity amid the latest bull market, as charitable donations continue to grow. 2647 Total views 44 Total shares Two unrelated cryptocurrency projects have collectively raised over $3 million for charitable contributions this month, underscoring the potential of digital assets in aiding mission-based non-profits around the world. Elongate, a cryptocurrency project…

Next Google or Next MySpace? Exchange Takes Risk Out of Investing in New Cryptocurrencies
An exchange has launched a new service designed to take the guesswork out of investing in cryptocurrencies.Lykke says that it is often difficult for crypto users to know where digital assets they’ve acquired will be in the future. They could be the next Google, something that’s going to rise astronomically in the years to come.…

Tencent Survey Reveals Chinese Economists Divided on Future of Blockchain, Crypto
China’s economics experts fail to agree on the future of blockchain and digital currency, according to a survey from internet giant Tencent, cited by local news outlet Jiemian Feb. 1.Sent to 100 chief economists from banks, research institutions and universities, the survey was reportedly conducted by Tencent’s Financial Science and Technology Think Tank. Participants were…

Switzerland Open to International Cooperation on Libra, Says Watchdog
Switzerland’s financial watchdog says it is open to international cooperation and oversight of the way in which it regulates Facebook’s planned cryptocurrency network. In a Sept. 12 interview with Neue Zürcher Zeitung (NZZ), Financial Market Supervisory Authority (FINMA) director Mark Branson said it was illusory to believe that a single country could regulate a project of…

NFT holders sue art gallery, Ubisoft to launch Web3 game: Nifty Newsletter
A group of NFT holders sued an art gallery, claiming it failed to deliver its promised metaverse club.

Futurama can’t stop making fun of crypto and blockchain
The season two premiere of the animated science fiction series’ latest iteration focused on an NFT heist from a museum displaying digital artwork.

USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees. 331 Total views 2 Total shares The government of Palau is set to begin a pilot project for a United States dollar-backed stablecoin on July 26. The new coin will be…