Rain cryptocurrency exchange experienced a potential exploit on April 29, which transferred approximately $14.1 million worth of various cryptocurrencies to a new wallet under suspicious circumstances, according to a May 13 report from on-chain analyst ZachXBT. ZachXBT shared the information via their Telegram channel, noting that the exploit occurred on April 29. It entailed suspicious…
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David Marcus, CEO of Lightspark and co-creator of Diem, Meta’s failed cryptocurrency project, explained his intentions of turning Bitcoin into a global payments network. Marcus explained that there was no universal protocol for sending value over the internet and that we were still in the “fax era” of global payments. Lightspark CEO David Marcus Wants…
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Rain, a Middle East-based crypto exchange partly backed by Coinbase, has secured a license to operate in the United Arab Emirates (UAE), the firm announced on Tuesday. The granting of the license means that Rain now can call itself a regulated crypto exchange in the UAE, making it easier for local UAE residents and financial…
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Amid traditional financial market closures due to Independence Day holiday celebrations in the US, major cryptocurrencies aren’t seeing much by way of exciting price action on Tuesday. Bitcoin (BTC) and ether (ETH) are both holding close to recent highs above $31,000 and in the mid-$1,900s respectively…. Read More: Biggest Crypto Gainers Today on DEXTools –…
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After the LUNA and UST meltdown, many crypto investors have been curious about the project’s rise in popularity and people wonder about the background of Terra’s co-founder Do Kwon. Moreover, it is not commonly known that Terraform Labs was also founded by Daniel Shin, the founder of a payment firm called CHAI. After Shin left…
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