New crypto users shouldn’t ‘rush into DeFi’ — Security firms

A poll has found 22% of institutional investors are likely to buy cryptocurrency in the future. 773 Total views 12 Total shares A survey carried out by JPMorgan found that one in five institutional investors at firms that don't currently trade in cryptocurrency believe their companies are likely to do so in future.The survey of…

Mettalex claims to be fully decentralized, meaning “no counterparty and no single point of control.” 343 Total views 3 Total shares Mettalex, a spinoff project of Fetch.ai, announced Friday that it has officially launched a decentralized exchange for commodities trading, offering another compelling use case in how blockchain technology was disrupting traditional finance. The new exchange…

Facebook and Instagram filed suit against a user who, they allege, operated a cloaking service that allowed ads for a range of scams to slip through the advertisement reviews for both platforms.Facebook’s accusations and request for reliefIn a civil complaint filed with a federal court in San Francisco on April 9, the social media giants…

Arbitrage bots are being widely used for manipulative profit-making strategies on decentralized exchanges (DExes), a study from researchers at Cornell Tech has claimed. The news was reported by Bloomberg on April 15.The paper documents and gauges the breadth and specific characteristics of bot-executed market manipulation, which the researchers argue has developed blockchain-specific elements that undermine…

Trader makes millions after PEPE price soars, a new gas model for Ethereum, and Tornado Cash developer convicted.

FTX's latest sports sponsorshipThe University of Kentucky has entered into a sponsorship agreement with FTX.US for the men’s Wildcats basketball team to act as brand ambassadors.Players will receive a monthly USD stipend from FTX.US paid in FTX debit cards and will also be able to create their own NFTs on the FTX NFT platform and…

The launch of Stellar’s new protocol was received positively by the crypto market, coinciding in a 100% price rise for XLM across the last 48 hours. 561 Total views 10 Total shares The price of Stellar Lumens (XLM) shot up 60% in the past 24 hours and crossed the 20 cent mark for the first…

India is now home to the world’s first physical crypto bank branch despite regulatory uncertainty surrounding digital currencies in the country. 2993 Total views 16 Total shares Unicas, a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society has launched a physical crypto bank branch in Jaipur, India.Back in…

1. What is an STO? STO stands for security token offering. Similar to an initial coin offering (ICO), an investor is issued with a crypto coin or token representing their investment. But unlike an ICO, a security token represents an investment contract into an underlying investment asset, such as stocks, bonds, funds and real estate…