Squid Game token scams flood the crypto market
As Netflix released Squid Game Season 2 after Christmas, tokens of the same name flooded the crypto markets.
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‘Unworkable’ bill to ban blockchain immutability is introduced in Illinois
A recently introduced Illinois Senate Bill has been ridiculed by the crypto community over its "unworkable" plans to force blockchain miners and validators to do "impossible things" — such as reversing transactions if ordered to do so by a state court.The Senate Bill was quietly introduced into the Illinois legislature on Feb. 9 by Illinois…

Ripple CEO: MoneyGram Using XRP a Bigger Deal Than Facebook’s Libra
Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram this June.As Yahoo! Finance reported on Aug. 9, Ripple’s deal with MoneyGram — the second-largest remittances firm worldwide — saw it purchase a 10% stake in the entity, with an option to increase its…

Fight fire with fire: MIT scholar suggests ETC counters 51% attacks
The recent 51% attacks on Ethereum Classic (ETC) have raised fresh questions about the security of proof-of-work blockchains. Not only has ETC been attacked three times within a month, but these assaults have been enabled with rented hashrate power. One of these attacks cost OKEx $5.6 million as it paid out its customers in full.…

Industrial and Commercial Bank of China To Embrace Blockchain Technology
The Chairman of the Industrial and Commercial Bank of China (ICBC) has said that the bank will focus on blockchain technology development, BiaNews reported September 1.Founded in 1984, the ICBC is reportedly the largest bank in China with over 5,000 corporate and 530 million personal customers. In 2017, the bank focused on the construction of…

Poloniex settles charges with SEC for operating unregistered exchange
Poloniex will reportedly pay over $10 million as settlement for the SEC indictment. 447 Total views 21 Total shares The United States Securities and Exchange Commission has charged crypto exchange platform Poloniex for breaching securities trading regulations.According to an announcement by the SEC on Monday, Poloniex offered trading of cryptocurrencies deemed securities to U.S. investors…

Trezor to simplify self-custody with onboarding sessions and new wallet
Self-custody raises concerns about the burden of holding the private key, which Trezor wants to solve with a dedicated onboarding division and new wallets.

Enjin plans to use NFTs to promote sustainability and equality as member of UN pact
The company previously said it planned to enable carbon-neutral NFTs by 2030, and claimed its JumpNet blockchain is already carbon-negative. 280 Total views 1 Total shares The United Nations Global Compact, a non-binding pact aimed at encouraging businesses to adopt sustainable and socially responsible policies, has accepted nonfungible token and blockchain gaming and platform Enjin…

Noncustodial Crypto Exchanges, Explained
1. What is a noncustodial exchange? A noncustodial exchange (NCE) is a service that facilitates the trade of different cryptocurrencies without ever holding user funds. On the surface, noncustodial exchanges don’t seem different from decentralized exchanges. This is because both these of types of exchanges don’t hold user funds (fiat or cryptocurrency). This is the…