Filipinos face higher fees after Binance ban
Jay Ricky Villarante, the CEO of Moneybees, said that the decision to ban Binance reflects the importance of regulatory compliance and oversight in the industry.
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DeFi borrower uses luxury watch-backed NFT as collateral for a loan
While some praised the move, others believe that it’s centralized and is adding NFTs where it’s not necessary. A nonfungible token (NFT) collector shared the story of how a decentralized finance (DeFi) loan was collateralized through a luxury watch and was facilitated with an NFT representing the asset. On July 11, pseudonymous DeFi project advisor CirrusNFT…
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$2B in crypto stolen from cross-chain bridges this year: Chainalysis
The $190 million Nomad Bridge exploit is just the latest out of 13 separate bridge attacks in 2022 so far. 184 Total views 4 Total shares Cross-chain bridge hacks have accounted for 69% of the total crypto stolen in 2022, amounting to $2 billion in losses, according to a new report. The report comes from blockchain…
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Argo blockchain suspends trading on NASDAQ due to upcoming announcement
The mining company has faced financial problems due to escalating energy costs and the falling price of Bitcoin. 735 Total views 9 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTBitcoin mining firm Argo blockchain has suspended trading of its American depositary shares (ADS) on NASDAQ, according to a Dec. 27 press release. The…
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SBF to enter plea deal, Mango’s exploiter arrested, and Celsius news: Hodler’s Digest, Dec. 25-31
Top Stories This Week Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan Former FTX CEO Sam Bankman-Fried is scheduled to appear in court on the afternoon of Jan. 3 to enter a plea on two counts of wire fraud and six counts of conspiracy against him in relation to…
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An introduction to decentralized NFT catalogs
Over the last year, venture capitalists poured more than $4.6 billion into infrastructure and projects related to nonfungible tokens (NFTs). This infrastructure now needs users. They will come when people understand that they can apply these NFTs not just for speculative purposes but to design and structure their everyday activities. For these, they don’t need NFTs…
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Gemini acquires BITRIA to push crypto into the wealth management industry
Gemini’s future plans involve giving financial advisors access to crypto for their high profile investors. 212 Total views 20 Total shares Crypto exchange Gemini announced Thursday that it had agreed to purchase Bitria, a San Fransisco-based start-up that provides traditional portfolio management tools for use in crypto investments. The goal of Bitria is to provide a…
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Binance’s CZ Speaks Publicly About China’s Digital Currency
Binance CEO Changpeng Zhao, better known as CZ, predicted that the digital Renminbi token (RMB) would be based on blockchain. Speaking today at BlockShow Asia 2019, CZ shared his thoughts on the digital currency in development by the People’s Bank of China. The details of this currency are not officially known. It will certainly not be as…
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Ethereum Merge to ‘swamp’ other coins with miners — Mining CEO
The Ethereum Merge could force many crypto miners to give up and abandon their expensive mining rigs amid a race to the bottom for profits. 6716 Total views 22 Total shares The Ethereum network’s transition from a proof-of-work (PoW) consensus is likely to flood the crypto industry with out-of-work Ether (ETH) miners, causing severe disruption to…