Crypto exchange XT.com suspends withdrawals amid $1.7M hack report
XT.com issued a statement acknowledging an “abnormal transfer of platform wallet assets,” but hasn’t yet confirmed the hack.
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Kickstarter plans to migrate to platform built on Celo blockchain
“We are entering a significant moment for alternative governance models, and we think there's an important opportunity to advance these efforts using the blockchain,” said Kickstarter CEO Aziz Hasan and co-founder Perry Chen. 626 Total views 4 Total shares Crowdfunding platform Kickstarter will be launching a new company that will eventually see its website move…

Bretton Woods institutions must reorient, US Treasury secretary says
United States Treasury Secretary Scott Bessent recently called for “Bretton Woods institutions,” such as the International Monetary Fund (IMF), to reorient themselves, a signal that the global monetary order could be shifting. Speaking at the Institute of International Finance (IIF) on April 23, Bessent called on the IMF and the World Bank to correct trade

Billionaire Crypto Investor to Develop Stablecoin Within Hong Kong-Based Blockchain Fund
Chinese crypto investor Li Xiaolai will lead a stablecoin project within Hong Kong-based blockchain fund Grandshores Technology, according to an official document issued on Monday, Dec. 3.China’s Bitcoin (BTC) “tycoon” Li Xiaolai — who has a reported net worth of 7 billion yuan ($1 billion) — has been also appointed as an executive director and…

Thailand targets foreign crypto P2P services in new anti-crime laws
Thai regulators are sharpening measures against digital asset mule accounts, restricting foreign crypto P2P platforms and imposing penalties of up to $8,700. Thailand is beefing up measures to combat online crimes involving digital assets by passing new amendments to several national laws. Thailand’s cabinet on April 8 passed a resolution approving amendments to emergency decrees

VC Roundup: private accounts, tokenization, and healthcare infrastructure grab investors’ attention
Blockchain-based startups continue to gather funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October. However, the overall funding in the crypto industry has dropped to levels last seen in 2020, amassing $2.1 billion over 297 deals in the third quarter of 2023, as reported by Messari. As is often

Polygon CDK to power Web3 loyalty program for Indian e-commerce Flipkart
Flipkart shared plans to use Polygon CDK as the base to build an Ethereum-based ZK layer-2 network, which can help the e-commerce platform scale future growth and streamline its service. 120 Total views 2 Total shares India’s homegrown e-commerce giant Flipkart will use Polygon’s chain development kit (CDK) to launch a Web3 loyalty program.On Dec.

User Retention: The Holy Grail for DApps Moving Beyond Buzzword Status
Decentralized apps (DApp) continue to be a major focus point for developers in the crypto space. However, 2019 ended with DApps still far off from reaching their much-touted potential of being the “future of the internet.”DApp projects in 2019 continued to suffer from their usual issues like poor user retention and the difficulties of navigating…

Nifty News: Coachella lifetime pass, WildEarth’s wildlife, Worms ditches NFTs after backlash
The Coachella Valley Music & Arts Festival has partnered with FTX US to launch a series of NFT collectibles that includes tokenized lifetime access passes to its annual music festivals.The iconic music festival is held over two consecutive three-day weekends every April in California, and is being headlined by Harry Styles, Billy Eilish and Ye…