DeFi protocol removed an important line of code that led to a $212K hack
The attack occurred around 3 am UTC on Aug. 1, leading Convergence’s native token CVG to plummet over 99%.
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Crypto users react to Terraform Labs legal team purportedly leaving company
Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money. 1569 Total views 15 Total shares The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment…
Restricting crypto trading to millionaires good for Hong Kong, says official
Hong Kong’s Treasury Secretary says the government is right to pursue restrictive crypto regulations in the city. 1636 Total views 2 Total shares Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading.In a speech…
Iota, IoT Firm Evrythng Partner to Increase Transparency for Consumer Goods Supply Chain
Iota and internet of things (IoT) firm Evrythng announced a partnership to combine and apply their distributed ledger and IoT technologies to provide greater transparency for consumer goods supply chains. The news was revealed in a press release on April 17.According to the press release, Evrythng’s focus is to implement IoT and DLT technology to…
Japan to lift the ban on foreign stablecoins like USDT in 2023: Report
None of the 31 crypto exchanges registered with Japan's Financial Services Agency are currently offering trading in stablecoins like USDT or USDC. 111 Total views 5 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTJapanese regulators are reconsidering some major cryptocurrency restrictions related to the use of stablecoins like Tether (USDT) or USD…
Largest Blockchain Conference in Japan Postponed Due to Coronavirus
Another gathering of cryptocurrency and blockchain professionals has been postponed as the global coronavirus crisis continues. The TEAMZ Blockchain Summit — the largest blockchain conference in Japan — was going to take place from April 22–23, but has moved to September 28. Organizers said in an official statement:“TEAMZ has been closely monitoring the global development of…
Report: Top Banks Alleged to Be Investing $50 Million in Digital Cash Settlement Project
Sources ostensibly familiar with the matter have claimed that some of the world’s leading banks are currently investing around $50 million to build a blockchain-powered digital cash system for transaction settlement. The news was reported by Reuters on May 17.An earlier project for a blockchain-based currency settlement coin was unveiled by Swiss bank UBS Group…
Ripple Reports 31% Increase in Firm’s Quarterly XRP Sales
Ripple sold $169.42 million worth of XRP in Q1 2019, up over 31% from the preceding quarter, the company’s latest quarterly XRP Markets Report revealed on April 24.While the $169.42 million figure represents a 31% increase in comparison with $129.03 million in Q4 2018, Ripple’s institutional direct sales figures saw an even greater uptick. This…
Crypto mergers and acquisitions doubled to $1.1B in 2020, PwC reports
The average deal size in the crypto industry surged from $19 million last year to nearly $53 million in 2020, according to a new PwC report. 2802 Total views 12 Total shares The consolidation of cryptocurrency-related companies surged massively in 2020, hitting a new record in deal activity, according to a new report by professional…