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Blockchain
Chibi Finance Exit Scam: $1 Million Cryptocurrency Heist Rocks Defi Platform on Arbitrum
According to several reports, Chibi Finance, the decentralized finance (defi) platform built on top of Arbitrum, allegedly executed an exit scam on its users. Blockchain intelligence firm Peckshield provided a detailed account, revealing…
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Dormant Bitcoin Wallets From 2010 Resurface: 100 Bitcoins Transferred After More Than 12 Years
Following the spending of 50 bitcoins from 2010 on June 15, after more than 12 years of dormancy, approximately 11 days later, another group of dormant wallets created in 2010 transferred 100 bitcoins worth just over $3 million for the…
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Blockchain-Based Network World Mobile Introduces a Buyback Program
World Mobile – a mobile network built on blockchain technology – said it will launch a token buyback scheme to aid the sustainable growth of its sharing economy.
The entity’s treasury will purchase its native utility…
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QCP Capital, SBI Alpha Execute First Uncleared Crypto Options Trade on Regulated Platform Using…
The trade was executed on the regulated Clear Markets platform and involved bitcoin as collateral. The risk management techniques involved were consistent with ISDA's requirements for uncleared derivatives.
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Tether (USDT) Announces Expansion Onto Kava, CTO Commends Blockchain’s Security Level
The largest stablecoin issuer in the world is announcing its expansion ontp Kava (KAVA), an interoperable layer-1 blockchain.
In a new press release, Tether (USDT) says that its dollar-pegged crypto asset will be launching over the Kava…
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Amazon Collaborating in Pilot Program for New CBDC Proposed by IMF and Central Banks
The Monetary Authority of Singapore (MAS) has published a whitepaper that proposes conditions for the use of central bank digital currencies (CBDCs), tokenized bank deposits and stablecoins.
The whitepaper was produced in collaboration with…
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Privacy Protocols Have Not Gained Traction Because ‘User Experience Hasn’t Been up to Par’ — Namada…
According to Christopher Goes, the co-founder of privacy-focused blockchain Namada, many privacy protocols have not gained traction primarily because “the user experience hasn’t been up to par.” Part of the reason for this is…
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BNB Chain Rolls Out Testnet for New Ethereum Compatible Layer-2 Solution
Binance’s BNB Chain (BNB) is launching a testnet for an Ethereum (ETH)-compatible layer-2 solution called opBNB.
According to a new BNB Chain announcement, opBNB’s testnet, which is based on the Optimism OP Stack, is launching…
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VC Company A16z Expands to London to Take Advantage of Friendly Web3 Regulation
A16z, a tech-focused venture capital company, has announced that it will open its first office in London to take advantage of the friendly regulatory environment in the U.K. Prime Minister Rishi Sunak stated he was thrilled about this…
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Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts,…
The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said.
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