Author: Puskar Pande
Odisha police make another arrest in $120-million STA token scam
The Economic Offences Wing of Odisha Police arrested a 45-year-old man in alleged connection with the $120-million crypto ponzi scheme involving the Solar Alliance (STA) Token. The accused was identified…
Dubai authority slaps $2.7 million fine on OPNX
Dubai’s Virtual Asset Regulatory Authority (VAR) slapped a $2.7-million fine on cryptocurrency project OPNX, that’s the brainchild of the now-defunct digital asset hedge fund company Three Arrows Capital (3AC). The…
Filecoin project hits $100-million pyramid scheme hurdle in China
A leading project powered by Filecoin has run into a legal hurdle in China where the company running the project has been accused of operating a pyramid scheme. In a…
Zimbabwe’s central bank rolls out digital tokens backed by gold
As part of its efforts to modernize its financial institutions, Zimbabwe’s central bank recently announced the launch of gold-based digital tokens that will be used for retail transactions in the…
Zynga, the publisher behind FarmVille Announces the Launch of its First Ethereum-Based Game, Sugartown this year
One of the most exciting elements in the world of cryptocurrency is the convergence of the gaming industry and blockchain technology. The community experiences a fun and playful medium of…
Shiba Inu Announces the Launch of its Ethereum Layer-2 Solution, Shibarium
The cryptocurrency market is flooded with groundbreaking innovations, with each one offering a unique value proposition. These solutions focus on addressing the drawback of the legacy blockchain providing a seamless…
NFA Grants Authorization to Coinbase for Bitcoin and Ethereum Futures Trading in the US
The cryptocurrency industry has witnessed a groundbreaking development recently fostering its wider acceptance and adoption. This victory moment comes with the news of Coinbase, One of the major cryptocurrency exchange…
Zunami Protocol Becomes the Hacker’s New Target With an Estimated Loss of Around $2 Million
In the recent setback to the world of decentralized finance (DeFi), Zunami Protocol fell victim to a major hack on the 13th of August. The attack led to a loss…
Kraken Ventures Announces its Intention to Fund Crypto Startups: Allocating $100 Million to Such Projects
The cryptocurrency market has become the breeding ground for innovation and technological advancement. Every new crypto project is reshaping the financial system and challenging the traditional methods of value exchange….
Sam Bankman-Fried’s Bail Revoked on Grounds of Witness Tampering
The cryptocurrency world witnesses another shocking event as New York Federal Judge, Lewis Kaplan revoked the bail of Sam Bankman-Fried last Friday, Former CEO of the collapsed cryptocurrency exchange, FTX….
Consensus Mechanism: Proof-of-Stake (PoS)
Proof-of-stake (PoS) is the second consensus mechanism after proof-of-work (PoW) adopted by cryptocurrencies like Ethereum 2.0. Under the PoS consensus protocol, the validators are chosen based on the number of…
Binance Labs to invest $5 million to buy Curve DAO tokens
In a fresh development, crypto exchange Binance’s venture capital and incubator arm Binance Labs will be investing $5 million in Curve DAO (CRV) tokens. The move will see Curve Finance…
‘Jolt’ and ‘Lasso’ mark VC Firm a16z’s foray into crypto tech research
Venture capital firm Andreessen Horowitz (a16z) has rolled out two new software projects that are aimed at boosting the core technology powering zero-knowledge (ZK) proofs, that are driving some of…
Ripple Lab’s Victory as SEC Removes its Native Token, XRP from the Security List
The recent news marks an end to the historic legal battle between Ripple Labs and US Security and Exchange Commission (SEC). This three years long legal proceeding has come to…
Circle’s ‘programmable wallets’ to make crypto payments more accessible for businesses
Circle Internet Financial, which issues the USDC stablecoin, announced that it would be rolling out new ‘programmable wallets” which would make cryptocurrency-based payments more accessible for businesses. In a release…
Binance to now offer Bitcoin, digital asset services in El Salvador
Amidst the uncertainty over its legal battle with the US Securities and Exchange Commission (SEC), Binance caught a break after it secured two licenses that would allow it to offer…
Huobi Exchange dismisses bankruptcy rumors, calls them a case of ‘FUD’
Prompted by speculation over Chinese authorities probing the exchange’s operations and the company going bankrupt, Huobi users went on a selling spree to withdraw around $64 million over the weekend….
Revolut to hit pause on its crypto services in the US
British fintech company Revolut announced that it would be suspending its cryptocurrency services in the United States due to the country’s “regulatory environment”. The company said US citizens would no…
Central Bank of Brazil Announces the Launch of Its Own Digital Currency, DREX
The world has witnessed a large-scale adoption of cryptocurrencies in recent times. While some countries still have a restrictive approach towards decentralized finance (DeFi), others are liberal owing to the…
PayPal Announces the Launch of its Stablecoin, PYUSD
The cryptocurrency market witnesses the influx of several new coins aiming to revolutionize the world of decentralized finance (DeFi). In light of this, the recent news of Paypal launching its…