US Treasury: Blockchain can improve financial system

EOS.io, the company responsible for the development of fourth-largest crypto by market cap EOS, has handed over bug bounties for five critical vulnerabilities this year. Public activity on breach disclosure platform HackerOne revealed the bounties.On Jan. 10, $40,750 was awarded to five white hat hackers on the platform by EOS.io, and the day after, another…

A crypto lender offering instant loans in more than 45 fiat currencies says it has amassed more than 170,000 users — with $300 million processed over a seven-month period.Nexo enables consumers to deposit their crypto assets into a secure wallet and instantly access a flexible credit line via automated approval and without the need for…

After some confusion, South Korea's government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities. 3847 Total views 5 Total shares Over the past year or so, the crypto community in South Korea has had to adapt to a suite of new regulations and government…

From the minds that brought you cheese with holes in it comes this year’s weirdest ad campaign. 1337 Total views 11 Total shares Crypto broker Bitcoin Suisse recently installed a blockchain-related Christmas advertisement in the  Zurich Main train station in Zürich, Switzerland. The ad, which is largely indecipherable to non-native speakers, involves a piece of…

South Korea’s LG UPlus, a mobile carrier owned by the country’s fourth largest conglomerate LG Corp., is launching a blockchain-based cross-carrier overseas payment service, Korea Times reports today, September 16.Last Thursday, September 13, LG UPlus had signed an MoU to develop the new service alongside three global partners: Taiwan-based Far EasTone Telecommunications, Japan’s SoftBank, and…

Nigerian crypto and Web3 company Lazerpay shuts down after failing to raise funds and advises users to withdraw before April 30. 830 Total views 19 Total shares Own this piece of history Collect this article as an NFTNigerian crypto and Web3 company Lazerpay announced on April 13 that it is shutting down its operations.According to…

Brazil's Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH).The RFB's declaration was published in the Diário Oficial da União and was the result of a consultation made by a citizen of…

Social media platform Twitter is reportedly looking to file a lawsuit as early as this week against Telsa CEO Elon Musk after he announced his intention to pull out of the $44 billion deal to acquire the social media giant on July 8. Bloomberg reported on July 10 that the company has hired corporate law firm…