South Korean crypto exchanges face unexpected supervisory fees

International banking giant HSBC settled $250 billion of forex trades using blockchain technology in 2018. The company has revealed the figure in a press release quoted by the Financial Times (FT) Jan. 14.Through its proprietary blockchain platform dubbed “FX Everywhere,” HSBC handled 3 million transactions, which translated into 150,000 payments since it launched in February.The…

Ethereum (ETH) is currently the leader when it comes to smart contract capabilities and the sheer number of projects operating on its network, but the push to build products on Bitcoin (BTC) is gaining traction with advocates like Square CEO Jack Dorsey spearheading the effort to bring decentralized finance (DeFi) to the Bitcoin network. One project…

The cross-chain bridge was drained of its assets in less than three hours. 510 Total views 17 Total shares Mere hours after the Nomad token bridge published an Ethereum wallet address last week for the return of funds following a $190 million hack, whitehat hackers have since returned approximately $32.6 million worth of funds. The…

ProShares has filed for an equal weight Bitcoin and Ether ETF, marking the 11th Ether ETF application in less than seven days. 223 Total views 4 Total shares The United States Securities and Exchange Commission (SEC) has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11…

The Ethereum community has been divided over how to best respond to the threat of protocol-level transaction censorship in the wake of the United States government sanctions on Tornado Cash-linked addresses. Over the last week, Ethereum community members have proposed social slashing or even a user-activated soft fork (UASF) as possible responses to transaction-level censorship on…

Ether wallet addresses record-breaking metrics could bode well for the cryptocurrency's “network effects.” The Bitcoin (BTC) bull run may be dominating headlines, but the stalwart cryptocurrency isn't the only coin to be showing strong positive indicators.According to data from glassnode alerts, the number of Ether (ETH) wallet addresses holding a minimum of 1 ETH hit…

OEV-enabled oracles auction off the right to extract on-chain value to the same third-party searchers who used to bid for the blockspace. 198 Total views 3 Total shares A new oracle system aims to retrieve the additional fees paid by decentralized application (DApp) users to miners called maximal extractable value (MEV). It is the maximum…

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.As the crypto community filled its crypto stockings for the holiday season, the Grinch emerged to gift a grimacing fate to two DeFi platforms, stealing their festive spirit and a whole lot of dollars. Reading this article, you're only receiving a portion of the content from our…

Developer Manuel Araoz has played a practical joke online to demonstrate the potential of  artificial intelligence bots — by having a bot write an article about itself.According to a July 18 post on Araoz’s blog, AI development company OpenAI released GPT-3, the third generation of its language prediction model capable of creating “random-ish sentences of…