Category Archive: Cryptocurrency, No picture
Matter Labs CEO Denies ‘Extremely Disappointing’ Code Copying Allegations from Polygon Zero
zkSync creator Matter Labs’ recently released proving system Boojum has been accused of containing code copied from Polygon Zero’s Plonky2, according to a blog post published by Polygon Zero on August 3. The CEO of Matter Labs, Alex Gluchowski, has vehemently denied these allegations, acknowledging room for improvement in attribution but defending the originality of […]
Curve’s crvUSD Stablecoin Recovers After Brief Depegging
Curve Finance’s crvUSD, its decentralized stablecoin, experienced a temporary dip in value, falling by as much as 0.35% from its peg to the U.S. dollar. The brief depegging comes after Curve Finance’s recent exploit on July 30, which has raised questions regarding the stablecoin’s stability mechanisms. At the time of writing, crvUSD sits at $0.99, […]
Bitfinex 2016 Hack Culprit Caught, Pleads Guilty to Money Laundering
Ilya Lichtenstein pleaded guilty to a conspiracy to launder stolen Bitcoin, originally acquired through the 2016 Bitfinex hack, in a federal court in Washington, D.C. The amount, worth $70 million at the time of the theft, has since soared to a value of $4.5 billion, according to a CNBC report. The Department of Justice’s charges […]
Binance Names New Deputy Chief Compliance Officer Amid Lawsuits, Regulatory Issues
Binance, the global cryptocurrency exchange, has appointed Kristen Hecht to oversee compliance and Anti-Money Laundering initiatives, a move that comes amid escalating regulatory scrutiny that the exchange has been experiencing lately. Kristen Hecht, Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO) at BinanceHecht will serve as the new Deputy Chief Compliance […]
Cross-Chain Bridges to BNB Chain, Ethereum Easier for World Mobile Token
World Mobile, the blockchain company with a mission to connect users through mobile data solutions, has announced the creation of dedicated cross-chain bridges to both BNB Chain and Ethereum. 📢 We’re excited to announce World Mobile Token will be bridged to both the BNB Chain and Ethereum blockchains! @WorldMobileTeam‘s multi-chain strategy aims to connect a […]
Binance Introduces Zero-Fee Trading for BTC/FDUSD and ETH/FDUSD Pairs
Binance, the global cryptocurrency exchange, announced a major shift in its fee structure on August 3, introducing zero-fee trading for the BTC/First Digital USD (FDUSD) and ETH/FDUSD pairs. #Binance adds #BTC / $FDUSD and $ETH / $FDUSD trading pairs and updates the zero-fee Bitcoin Trading Program. Find out more ⤵️https://t.co/g6Elnd77d9 — Binance (@binance) August 3, […]
Litecoin Successfully Halves: New Reward Set at 6.25 LTC
Litecoin, a popular cryptocurrency, has executed its block reward halving, a scheduled event that occurs roughly every four years, reducing the reward for miners from 12.5 LTC to 6.25 LTC. The last halving event was in August 2019. Every four years, or after every 840,000 blocks mined, Litecoin’s code calls for the miner’s reward to be […]
Worldcoin’s Iris-Scanning ID System Opens Doors for Government and Corporate Use
Worldcoin, known for its controversial blockchain-based iris-scanning identity technology, has revealed plans to allow governments and companies to utilize its system for identity verification and other applications, according to a Reuters report. “Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying […]
How to Mitigate CRV Risk? Abracadabra Proposes 200% Interest Rate Hike
In a move to manage its exposure to risks associated with Curve DAO (CRV), Abracadabra Money, a cross-chain lending platform, has proposed hiking the interest rate on its outstanding loans by 200%. “We have seen CRV collateral outflowing from our markets into markets with lower LTVs and higher interest [..] As such, we are suggesting […]
Kenya Halts Worldcoin Cryptocurrency Project Amid Security Concerns
The Kenyan government has announced the suspension of all activities related to Worldcoin, the recently launched cryptocurrency project. Minister of Internal Security Kithure Kindiki made the announcement on August 2, citing inquiries into potential risks associated with the project. Government suspends registration of Worldcoin that involves scanning of eyeballs, CS Kindiki says investigations on to […]
