Poly Network hacker appears ready to return stolen funds
The Poly Network hacker said they will return the stolen cryptocurrency funds, and have asked for a secured multisig wallet. Go to Source Powered by WPeMatico
Month: August 2021
Women from small cities contribute to 65% crypto sign ups in India
Mumbai-based WazirX crypto exchange’s latest data shows a 2,648% growth till date in user signups from smaller cities across India. Go to Source Powered by WPeMatico
Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infrastructure’
According to a report, the Central Bank of Nigeria (CBN) is planning to have its proposed digital currency designated “critical national infrastructure” in order to protect it from operational and cyber-security risks. In addition, the CBN will also apply regulatory and compliance mechanisms to prevent what it calls “disruptive competition for electronic money.” Cost Versus … Read more
Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin
The Coinbase website now states that USD Coin is “backed by fully reserved assets,” contrary to the now-removed claim of “backed by U.S. dollars in a bank account.” Go to Source Powered by WPeMatico
Institutions are buying Bitcoin like it’s late 2020
The amount of Bitcoin available on derivatives exchanges hits its lowest since May 11, before the China miner rout took hold. Go to Source Powered by WPeMatico
Mark Cuban likens shutting off crypto growth to stopping e-commerce in 1995
Bitcoin proponent Mark Cuban is certainly not happy with the tighter rules for crypto businesses introduced in the new infrastructure bill. Go to Source Powered by WPeMatico
US Senator claims support for crypto amendments despite blocking bill
Senator Shelby claims he supported the cryptocurrency provisions of the amendment to the infrastructure bill that his sole objection blocked from passing the senate. Go to Source Powered by WPeMatico
Circle Intends to Become a Full-Reserve National Commercial Bank
Circle, a cryptocurrency fintech services company, announced it intends to become a full-reserve national commercial bank. This would bring a set of responsibilities and duties to the company equal to those of other mainstream banks: having to report to the Federal Reserve, U.S. Treasury, OCC, and the FDIC. However, it would also put the company … Read more
Chainalysis Announces It Will Include Dogecoin Coverage in Its Reports
Chainalysis, one of the leading blockchain intelligence companies in the world, has announced it will now cover the Dogecoin network in its reports. The company argues that dogecoin became one of the most known cryptocurrencies in the world after being promoted by Elon Musk, CEO of Tesla during this year. This, consequently, has attracted criminals … Read more
Shark Tank’s Kevin O’Leary becomes FTX spokesperson, will be paid in crypto
Mr. Wonderful has signed a multi-year deal to serve as a brand ambassador and spokesperson for FTX and will be paid in crypto assets and take an equity stake in FTX. Go to Source Powered by WPeMatico