Category Archive: Cryptocurrency, No picture
Aethir Completes $150M Valuation Pre-A Funding Round
Singapore-based Aethir has completed its Pre-A funding round, raising over $9 million, with its valuation reaching $150 million, the company announced on July 27 to Crypto Briefing. Aethir, a frontrunner in decentralized cloud infrastructure, saw participation from notable global investors including Sanctor Capital, Hashkey and Merit Circle with further support from Mirana Ventures, Animoca Brands, […]
Worldcoin Paid Hong Kong Onboarders $60, But Paid Test Subjects in Indonesia $15
ChatGPT creator Sam Altman’s cryptocurrency venture, Worldcoin, is stirring up more controversy as it reveals stark discrepancies in user payouts, according to a South China Morning Post report. Hong Kong users of the novel iris-scanning crypto project are receiving rewards approximately four times higher than the subjects in countries where Worldcoin conducted testing. Worldcoin, which […]
Crypto-Wallet Heavyweight Class Gains New Member: SafePal
Leading crypto wallet provider SafePal, with support from big-name backers including Binance and Animoca Brands, has unveiled its latest offering, the S1 Pro, to be available in August. This upgraded model of their flagship S1 hardware wallet is seen as an integral part of SafePal’s ambitious plan to increase its foothold in Japan and other […]
SEC Goes After Quantstamp Over $28M ICO; Orders Refunds
The U.S. Securities and Exchange Commission (SEC) has filed charges against the California-based blockchain firm Quantstamp over an unauthorized initial coin offering (ICO) that raised $28 million in 2017. Following the charge, the company has consented to refund the ICO proceeds: “Without admitting or denying the SEC’s findings, Quantstamp agreed to a cease-and-desist order and to […]
Singapore’s High Court Classifies Cryptocurrency as Personal Property
The High Court of Singapore declared cryptocurrency as a type of property on July 25, marking a significant step in the legal understanding of digital assets in Singapore. The case, brought forward by cryptocurrency exchange Bybit against former employee Ho Kai Xin, involved the alleged transfer of roughly 4.2 million Tether from Bybit to personal […]
Crypto.com and LINE Xenesis Partner to Boost Cryptocurrency Solutions in Asia Pacific
Crypto.com, serving over 80 million global customers as a prominent cryptocurrency platform, and LINE Xenesis Corporation, a blockchain-related business developer of the global messaging app LINE, have signed a Memorandum of Understanding (MoU). 🤝Major Partnership Announcement! 🤝https://t.co/vCNztATSCO and LINE Xenesis have signed a Memorandum of Understanding to drive crypto technology across Asia Pacific and beyond! […]
Binance Rolls Out Seed and Monitoring Tags for High-Volatility Tokens
Binance, a global leader in the cryptocurrency exchange space, announced on July 16 its initiative to better educate users on the risks associated with high-volatility tokens, launching the Seed and Monitoring Tags. The Seed Tag is set to replace Binance’s Innovation Zone, home to new high-volatility tokens, and will be applied to all tokens previously listed […]
Crypto Compliance Just Got An Upgrade: Deloitte, Chainalysis Team Up
Deloitte, a Big Four accounting firm, and blockchain analysis company Chainalysis announced on July 25 a strategic partnership focused on improving crypto compliance for their mutual clients. The announcement comes after several years of planning and aims to serve primarily U.S. public sector customers and financial institutions. Both companies declined to name the specific clients […]
Musk’s Golden Ticket to Twitter Profitability ? DOGE, X and More
Billionaire entrepreneur Elon Musk has given Twitter, the popular social media platform, a rebrand to X. Then, sneakily, the Crypto Twitter noticed that Musk unveiled the Dogecoin logo in his Twitter bio location, following a logo switch from the classic blue bird to the X symbol. These actions, subtle yet symbolic, pushed Dogecoin’s price up […]
DeFi Hack Worth $3.4M Strikes EraLend, zkSync’s Top Lender
EraLend, a lending protocol on Ethereum’s scaling blockchain, zkSync, faced a substantial exploit that resulted in a loss of $3.4 million, according to an analysis by CertiK, a leading firm in blockchain security. The incident was described as a read-only reentrancy attack, a complex strategy allowing the perpetrator to tamper with asset prices via repeated […]
