Following a sharp rise in price during its first few days of trading, decentralized finance (DeFi) platform Balancer’s BAL token is down by nearly 16% today – after the team behind the new protocol had to intervene to stop an exchange from continuing to exploit a weakness in the token distribution system. The exchange in…
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A security firm has warned that a group of hackers named CryptoCore has been raiding crypto exchanges – and may have amassed a USD 70 million crypto pot, leaving a USD 200 million trail of damage in its wake. Per a report from Clear Sky Security, CryptoCore is thought to comprise individuals based primarily in…
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Estonia-based payment solutions provider Mercuryo says it has struck a partnership deal with Binance that will allow exchange customers to buy crypto with fiat. The latter claims that the move will allow customers to pay lower transaction fees for token purchases made using fiat. In a release shared with Cryptonews.com, the company wrote that “the…
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Huobi Group’s multi-chain Huobi Wallet has teamed up with Unstoppable Domains, a San Francisco-based company that builds domains on blockchain networks, enabling wallet users to transfer their cryptocurrencies using .crypto domains. Besides aiding crypto adoption, say the companies, this will also enable Unstoppable Domains move into the Chinese market. Per an emailed press Read more…
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Source: Adobe/Sashkin (edited by Cryptonews) The operator of stablecoin USD coin (USDC) is to end its exclusive relationship with the Ethereum blockchain network and will move to Algorand, with expansion onto other blockchain networks to follow. USDC is run by Centre, a joint project that comprises Coinbase and Circle. Centre issued a blog post on…
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Ripple executive chairman and co-founder Chris Larsen has warned Washington to “get a lot more involved in blockchain,” stating that the United States is “slow to the game” – and is allowing China to pull ahead in the race to digitize finance. In a video conversation with Wall Street Journal reporter Paul Vigna – shared…
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After an impressive rise – and subsequent fall – in price for Compound Finance’s COMP token over the past weekend, a new contender has already arrived to the DeFi land, making a splash on the first day after it started distributing its new token to users. The new platform in question is Balancer, a protocol…
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The world of cryptocurrencies in South Korea could be set for a major shake-up with leading cryptocurrency exchange Bithumb hoping to launch an initial public offering (IPO). Per Money Today, Bithumb has already selected Samsung Securities as its host and has “begun work” on the IPO preparation process. However, the same media outlet says that…
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Despite often being referred to as one of the most sure-fire ways to pump the price of a cryptoasset, a listing on the popular fiat-to-crypto platform Coinbase may not be as lucrative for token holders as some have thought, a new study from crypto analytics firm Coin Metrics has found. In the study, Coin Metrics…
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Source: Adobe/Антон Медведев A South Korean government agency will develop software that will trace the movement of cryptocurrencies on the dark web. The move is a direct response to the Telegram Nth Room case, a rape and sexual exploitation video ring that has flummoxed police. Per New Daily, the new initiative is the brainchild of…
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