Blockchain

Crypto.com breach may be worth up to $33M, suggests onchain analyst

Crypto.com breach may be worth up to $33M, suggests onchain analyst

Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be …

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DeFi Needs to Be More Accessible for Greater Adoption

DeFi Needs to Be More Accessible for Greater Adoption

Decentralized technologies are about to revolutionize the global financial system and its institutions. Decentralized Finance (DeFi) offers interesting potential to reduce costs and increase the speed of payments by eliminating friction in terms of technology, contracting and coordination between several parties. DeFi delivers on the promise of faster, better, and cheaper payments, but a number …

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Morpheus.Network hits roadmap targets, attracting investors focused on fundamentals

Morpheus.Network hits roadmap targets, attracting investors focused on fundamentals

The global supply chain has become an area of intense focus over the past couple of years and pressures from the pandemic and backlogged ports have led to a massive range of shortages for everyday items.  One protocol that is focusing on optimizing supply chain management and building strength based on data from Cointelegraph Markets …

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Hong Kong begins discussions to introduce stablecoin regulatory framework

Hong Kong begins discussions to introduce stablecoin regulatory framework

Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24. HKMA’s “Discussion Paper on Crypto-assets and Stablecoins” highlights the explosive growth of the stablecoin market in terms of market capitalization …

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Iota selected for Phase 2A of EU blockchain initiative

Iota selected for Phase 2A of EU blockchain initiative

On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one of five contractors by the European Commission to develop blockchain and distributed ledger technology in the region. According to the announcement, phase 2A aims to advance European Blockchain Services Infrastructure, or EBSI, …

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Citadel Securities takes in $1.15B investment from Sequoia and Paradigm

Citadel Securities takes in $1.15B investment from Sequoia and Paradigm

Citadel Securities announced that VC firms Sequoia and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel Securities’ shift toward new asset classes such as crypto. Sequoia, who led the round, with investment from Sequoia Heritage, Sequoia …

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Seba Bank raises $119M in Series C funding

Seba Bank raises $119M in Series C funding

Seba Bank, a Swiss-based digital assets banking platform regulated by the Swiss Financial Market Supervisory Authority, announced on Wednesday that it had completed a successful Series C funding round of 110 million Swiss franc, or $119 million U.S. dollars. Notable investors in the round included cryptocurrency exchange FTX, quantitative digital currency trading firm Alameda Research, decentralized …

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Green and gold: The crypto projects saving the planet

Green and gold: The crypto projects saving the planet

It seems as though the potential benefits of cryptocurrency are often overshadowed by the technology’s inherent vulnerability to exploitation.  And it’s true, crypto adoption does come with risks. Over the past year, governments from around the world have raised concerns that crypto could be used to finance terrorism or other illicit activity like money laundering. …

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Binance sponsors AFCON to further develop crypto adoption in Africa

Binance sponsors AFCON to further develop crypto adoption in Africa

Monday marked the start of the TotalEnergies Africa Cup of Nations tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for …

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What should the crypto industry expect from regulators in 2022? Experts answer, Part 2

What should the crypto industry expect from regulators in 2022? Experts answer, Part 2

Michelle is the CEO of the Association for Digital Asset Markets, which works in partnership with financial firms and regulatory experts to devise a code of conduct for digital asset markets. “2021 was the year Washington woke up to the digital assets industry. The year started with the rushed FinCEN “Unhosted Wallets” proposal, which the …

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What should the crypto industry expect from regulators in 2022? Experts answer, Part 1

What should the crypto industry expect from regulators in 2022? Experts answer, Part 1

Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and funding frameworks for startups while simultaneously reducing risks for investors. “2021 has been a stop-start year for crypto and DeFi, as regulatory bodies have not clarified their stance on the industry. This has held back the retail population from …

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Ava Labs and EV maker Togg to build smart contract-based mobility services

Ava Labs and EV maker Togg to build smart contract-based mobility services

Turkey’s electronic vehicle (EV) manufacturer Togg has announced a strategic partnership with Ava Labs to design and build smart contract-based services aimed at improving autonomous mobility.  Togg’s collaboration with Ava Labs, a team dedicated to supporting and developing the Avalanche public blockchain, was revealed at the CES 2022 event in Las Vegas. As Cointelegraph Turkey …

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