Month: August 2022

Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

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It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic. Top Banker Confirms Crypto Trading Still Illegal in Iran … Read more

Tornado Cash Governance Token TORN Shudders More Than 57% Since the US Government Ban

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Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project’s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting. During the last seven days, the Tornado Cash governance token has lost … Read more

Axie Infinity Surpasses $4 Billion in All-Time Sales, Team Removes SLP Rewards From Classic Game Mode

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After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode. The team also introduced non-fungible token (NFT) runes and charms that can be minted on … Read more

AscendEX Lists Lovely Inu (LOVELY), a DeFi Meme Platform

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August 13th, 2022 – AscendEX is excited to announce the listing of Lovely Inu under the trading pair: $LOVELY/USDT. Trading begins at 1:00 PM UTC on August 11th, 2022. Lovely Inu (LOVELY) is a decentralized meme-based blockchain platform that aims to bring a frictionless return, non-fungible tokens (NFTs), decentralized exchanges (DEXs), and much more to … Read more

Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack

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Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9. Binance Boss Says Exchange Froze 83% of the Curve Finance Hack Funds, Domain Provider Says Exploit Was DNS … Read more

While Gains Have Been Slower Than Most Crypto Assets, Meme Coin Economy Swells by 24%

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While a great number of crypto asset values have improved over the last month, meme-based crypto assets have also advanced against the U.S. dollar. 53 days ago on June 21, the top meme coins by market valuation were once worth $14.5 billion and since then, the meme coin economy has grown by 24.82%, tapping $18.1 … Read more