UAE’s central bank approves custodial risk insurance product for digital assets
OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds. Go to Source
Month: September 2024
Bitcoin price slips from $58K as US PPI, jobless claims surprise
Bitcoin faces a struggle for support into the Wall Street open as US macro data piles in thick and fast. Go to Source
Turkey’s $200 limit on cash payments: What does it mean for crypto?
Should the Turkish government pass new amendments, all cash payments above $205 would be subject to fines of 10%. Go to Source
Massive discount fee exploit discovered in DeFi protocol DittoETH patch
A ‘warden’ of the platform discovered that an attacker could mint massive amounts of tokens by forcing token prices to diverge from their oracle prices. Go to Source
1inch Network releases cross-chain innovation white paper
The white paper comes shortly after Polygon Labs and Ethereum co-founder Vitalik Buterin revealed new cross-chain interoperability solutions. Go to Source
Rebranded Fantom Project, Sonic Labs, Set to Redefine Blockchain Speed With 720ms Finality
Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs’ chief technology officer Andre Cronje showcased the network’s testnet performance, highlighting a transaction finality of 720 milliseconds. This achievement suggests the project could set a new standard as the fastest distributed … Read more
DOGS memecoin ease of access can be a ‘double-edged sword’
Bitget CEO Gracy Chen believes that despite DOGS memecoin’s record-breaking adoption, its ease of access for non-crypto natives may hinder its long-term success. Go to Source
CEX.IO resumes UK operations, backs stricter crypto rules
Following a voluntary suspension in October 2023, CEX.io has successfully resumed operations in the UK after ensuring compliance with new FCA regulations. Go to Source
Greece plans new $330M data center to boost AI expansion
Paris-based Data4 plans to invest in Greece to develop a major AI data center hub outside of Athens, signaling a boost to the country’s digital infrastructure and economy. Go to Source
Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen funds. Champagne pleaded guilty to multiple charges in June … Read more