Contributors piling into Bitcoin, Ethereum, and Solana since 2018: Report
The Ethereum network continues to see the largest number of monthly-active contributors at around 2,000 as of July. Go to Source Powered by WPeMatico
Month: August 2022
Mental health support prime for decentralization, say academics
A shortage of mental health services in the future could be solved with a Web3-powered mental health support network, suggests academics. Go to Source Powered by WPeMatico
Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss
The crypto contagion only hurt entities that poorly managed their treasuries, but didn’t affect the underlying blockchain technology, he said. Go to Source Powered by WPeMatico
Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court has granted the … Read more
Ongoing Solana-based wallet hack has already seen millions drained
NFT marketplace Magic Eden noted that it “seems to be a widespread SOL exploit at play” and called on users to revoke permissions for any suspicious links in their Phantom wallets. Go to Source Powered by WPeMatico
Robinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas
The New York State Department of Financial Services (DFS) has fined Robinhood Crypto $30 million for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” Robinhood Crypto Settles With the DFS The New York State Department of Financial Services (DFS) announced Tuesday that Robinhood Crypto LLC (RHC) will pay a … Read more
Textbook publisher wants to use NFTs to skim the used-textbook market
The academic textbook publisher hopes to capture a portion of secondary market sales on digital textbook sales by assigning an NFT to each title. Go to Source Powered by WPeMatico
What Is a Crypto Exit Scam, and How Can You Avoid It in 2022?
Exit scams became popular in the bitcoin sector in 2018. It occurs when dishonest cryptocurrency advocates steal money from investors during or after an initial coin offering (ICO). Exit scams can also happen when a cryptocurrency exchange disappears. Therefore, taking any cryptocurrencies saved on the platform cryptocurrency has become a contentious issue of debate, owing … Read more
‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss
The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter. Go to Source Powered by WPeMatico
Gucci becomes first major brand to accept ApeCoin payments
Gucci has ramped up its Web3 initiatives by allowing crypto nerds to purchase its products with ApeCoin in its stores, adding to a list of 12 other digital assets it accepts for payment. Go to Source Powered by WPeMatico
