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Binance wired $500M to back Musk’s Twitter takeover — CZ

October 28, 2022 by

The Binance CEO said the company wired $500 million to take a share of equity as Elon Musk’s Twitter takeover is finally sealed.

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Web3 sees 15 new scam smart contracts an hour: Solidus Labs

October 28, 2022 by

Solidus Labs, which has been monitoring 12 leading blockchains, has detected a majority of scam-like tokens originating from Binance’s BNB Chain.

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Ripple reports XRP holdings below 50% for the first time

October 28, 2022 by

The firm emphasized that its rather large XRP ownership is decreasing and that it only “operates 4 out of 130+ validator nodes on the XRPL.”

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Celsius bankruptcy case Trustee slams $3M employee bonus motion

October 28, 2022 by

The Trustee has objected to the retention bonus, citing a lack of sufficient information within the motion to warrant such a high payout and a lack of clarity around whether any recipients should be considered insiders.

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Nifty News: LooksRare the latest NFT market to sack royalties, Twitter’s tweeting tiles, and more

October 28, 2022 by

LooksRare joins the lineup of NFT marketplaces that have abandoned default creator royalties but says its replacement solution is “competitive”.

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Twitter’s top brass gutted as Elon Musk’s takeover begins

October 28, 2022 by

Some of Twitter’s C-suite has reportedly been flushed out by the company’s new owner with its CEO, CFO, and legal head all sacked on Elon Musk’s first day at the helm.

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Google still promoting crypto phishing sites warns Binance boss

October 28, 2022 by

In a tweet this week, CZ warned that when searching for CoinMarketCap on Google, phishing sites with an “ad” tag were showing up in front of the actual website.

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CFTC commissioner compares crypto contagion risk to 2008 financial crisis

October 28, 2022 by

The commissioner warnes that vulnerabilities seen within the crypto markets are similar to those seen during the global financial crisis and calls for the agency to be given additional authority.

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THORChain network halted following software bug

October 28, 2022 by

The team stated that the next steps were to find the source of the non-determinism, release an update, and restart the state machine, but there have been no updates since.

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TV streaming providers should start relying on NFTs

October 27, 2022 by

NFTs could change the way subscription services work by allowing users to sell or rent out their subscriptions when they don’t need them.

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Solana-based protocol seeking to decentralize ride-sharing raises $9M

October 27, 2022 by

TRIP protocol enables ride-sharing companies and drivers to compete for riders, as blockchain enables disruption in existing markets.

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Axelar partners with Polygon to deliver cross-chain communication to Polygon Supernets

October 27, 2022 by

The partnership seeks to enable Ethereum ecosystem developers to have access to functions and users on Axelar’s dozens of connected chains.

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Visa’s trademark applications suggest more involvement in crypto space

October 27, 2022 by

The company’s trademark owner applied for its name to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto and NFTs.

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US currency comptroller to up its game with new Office of Financial Technology in 2023

October 27, 2022 by

The OCC said it will incorporate its six-year-old Office of Innovation into a new agency that will help it deepen its understanding of fintech and promote responsible innovation.

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Fidelity report shows resilience to crypto winter, huge adoption gap among investors

October 27, 2022 by

Fidelity Digital Assets’ research paints a not-too-gloomy picture of the digital asset institutional investment scene, although it indicates that some segments are much more active than others.

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Team Finance exploited for $14.5M during protocol migration despite contract audit

October 27, 2022 by

Hackers appear to have spent as little as 1.76 Ether to initiate the attack vector.

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Celo ecosystem projects raise $77.3M in support of interoperability, ReFi

October 27, 2022 by

The Celo blockchain supports mobile-first DeFi payment infrastructure. Several companies building on the platform have received venture funding.

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Telegram launches marketplace to auction rare username handles

October 27, 2022 by

The popular messaging app launched a new marketplace on the TON blockchain, on which it plans to auction off rare user handles.

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Google launches blockchain node engine for Web3 developers

October 27, 2022 by

The service will simplify node infrastructure and onboarding for blockchain developers.

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Why the battle for low or no transaction fees really matters

October 27, 2022 by

High transaction fees stand in the way of crypto achieving its full potential and being embraced by the masses — but it is possible to make transfers for free.

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Bitcoin is cooling its rally — Here are the BTC price levels to watch next

October 27, 2022 by

Bulls have a lot of work left to do, say Bitcoin analysts as consolidation enters for BTC price.

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Core Scientific reveals financial distress in SEC filing, says its end may be near

October 27, 2022 by

The Bitcoin miner says low BTC and high electricity rates and Celsius’ refusal to pay its bills could be its undoing; the company’s BTC holdings have dropped from 8,058 in May to 24 now.

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Coinbase, Alameda-backed Mara launches African crypto wallet service

October 27, 2022 by

Africa’s cryptocurrency landscape welcomes a new crypto wallet backed by global firms in the ecosystem.

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Building community resilience to crises through mutual aid and Web3

October 27, 2022 by
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Dogecoin price jumps 40% on Elon Musk, Twitter’s crypto wallet rumors

October 27, 2022 by

DOGE could undergo a 20% price correction before the end of the year despite strong fundamentals.

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Does the IMF have a vendetta against cryptocurrencies?

October 27, 2022 by

Is the multilateral lending institution throttling useful DLT experiments in the developing world, or is it saving crypto from itself?

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A record 55,000 Bitcoin, or over $1.1 billion, was just withdrawn from Binance

October 27, 2022 by

Some serious withdrawals are occurring at the world’s biggest crypto exchange by volume.

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Silicon Valley tech CEOs are not big fans of metaverses

October 27, 2022 by

Disney’s CEO said the company doesn’t tend to use the word metaverse, as it believes it’s a very broad term.

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ConsenSys commits $2.4M annually to launch MetaMask Grants DAO

October 27, 2022 by

The employee-led DAO will take charge of issuing grants to external developers building within the MetaMask ecosystem.

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Kazakhstan to build central bank digital currency on BNB Chain

October 27, 2022 by

Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain.

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