Tag: Cryptocurrency
What Are Privacy Coins, Are They Legal, and How Do They Operate?
Privacy Coins: What Are They? One particular kind of cryptocurrency that seeks to give its users more anonymity is called a privacy coin. It makes it difficult for anyone to…
Crypto Projects Lost $310M to Scams in August, Second-Highest in 2024: CertiK
A report from blockchain security company CertiK states that the net loss was $300.6 million after $10.3 million of the pilfered assets were eventually found or returned. The most costly…
After 5 million downloads, GOQii Releases Rewards for Universal Health Tokens
By completing health-related challenges and consultations, users can receive $UHT awards that can be exchanged for goods, NFTs, and savings on medical supplies and services. Key elements of GOQii’s platform…
New DeFi platform unveiled by the Trump family seeks to challenge “big banks”
On August 22, the former president Donald Trump declared that The DeFiant Ones, the Trump Organization’s new cryptocurrency platform, would go live. In a post on Truth Social, Trump revealed…
Babylon begins its self-custodial Bitcoin staking Mainnet phase one
Phase one of the self-custodial mainnet has been deployed by the Bitcoin staking protocol Babylon. Users of Babylon can now utilize smart contracts to stake Bitcoin. According to Babylon’s website,…
SEC rebuffs Richard Heart, the founder of Hex, attempts to get the case dismissed
In response to the complaint that was brought against Richard Heart, the founder of Hex, the U.S. Securities and Exchange Commission stated that it was within its rights to prosecute…
Volume of on-chain derivatives trades falls for the third consecutive week
Based on DefiLlama data, weekly trading volumes for on-chain derivatives have decreased for the third week in a row, possibly indicating a lack of risk appetite among traders. Macroeconomic uncertainties…
Galxe debuts its Layer 1 Gravity chain’s alpha mainnet
The alpha mainnet of the Layer 1 blockchain Gravity has been made available by the Web3 credentials and rewards platform Galxe. All of Galxe’s products, including Quest, Compass, Passport, and…
To develop its ZK network, decentralized identification company zkME closed a $4 million seed investment
The team behind zkMe Technology Limited, a zero-knowledge technology firm based in Hong Kong, said in a statement on Tuesday that it has successfully completed a $4 million seed round…
ZachXBT reveals how North Korean spies stealthily infiltrate cryptocurrency projects
ZachXBT, a crypto investigator, has revealed a complex scheme in which North Korean IT personnel broke into the development team of a project and stole $1.3 million from its funds….
Kim Dotcom defiantly responds to a US extradition order with, “I’m Not Leaving”
Following a battle with American authorities spanning more than ten years, Bitcache founder Kim Dotcom—who is facing numerous charges related to his contentious file-sharing website Megaupload—will be extradited to the…
Huge gift cards Raise and WalletConnect collaborate on a cryptocurrency payment alternative
The startup that created the well-known software for buying gift cards, Raise, is beginning to further incorporate cryptocurrency into its platform. The company has teamed up with Wallet Connect to…
Strategic investment of $5 million is raised by Orderly Network
$5 million in strategic funding was raised by Orderly Network, a supplier of web3 liquidity. OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol took part in…
The native utility token of the proof-of-stake blockchain XION is introduced
The layer-1 blockchain’s native coin, $XION, was also introduced by the venture-backed platform. On August 14, Burnt announced the accomplishments in a blog post. XION introduces its native token The…
Parfin, a permissioned Ethereum Layer 2 developer, has received $10 million in Series A funding from ParaFi Capital
The enterprise-grade blockchain startup Parfin, which is developing its own crypto infrastructure, raised $10 million in its Series A funding round and anticipates raising millions more. Leading the round were…
Aurora releases new products that link NEAR and Bitcoin
In a press release on Tuesday, Aurora Labs—a group devoted to building the Aurora ecosystem—unveiled Bitcoin Light Client and Relayer, two new tools designed to connect the NEAR protocol and…
Significant price slippages occur during sell-offs due to a crypto liquidity crisis – Kaiko
The fragmentation of liquidity in the cryptocurrency markets persists, causing price disparities among exchanges. These differences are narrowing with time, but they are still noticeable on smaller, less liquid exchanges,…
During the market correction, $176 million is invested in digital asset investment products
CoinShare reports that investors flocked to purchase digital asset investment packages at low market prices, bringing in a stunning $176 million inflow over the course of the last week. Investment…
The inventors of Yescoin talk about token airdrops and their goals of maximizing the potential of cryptocurrency games
Even though millions of fans of Yescoin likely want to see the token airdrop for the cryptocurrency game as soon as possible, the game’s developers say they are committed to…
In Q2, Crypto Startups Raised $2.7 billion Despite a Drop in Deal Volume
Across 503 agreements, cryptocurrency firms raised $2.7 billion in funding in the second quarter of 2024, a modest rise in cash raised amid a discernible fall in deal volume. This…