Here’s Why Ethereum Miners Plan To Freeze Liquidity Pool After The Hardfork

Ethereum’s announcement of its transition to Proof-of-Stake (PoS) from the Proof-of-Work (PoW) protocol did not come as a piece of cheering news for the category of people.  The people whose activities are threatened by the upcoming Merge are the Ethereum miners. As a result, the aggrieved miners are called the ETHPOW group. The ETHPOW group…

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Binance Recovers Over 80% Of Funds Stolen From Curve Finance 

According to reports, Binance, a famous cryptocurrency exchange, has recovered a large chunk of the assets stolen in the latest Curve Finance breach. About $450,000 have been frozen and reclaimed by the firm. Changpeng Zhao, the CEO of Binance, confirmed the news on his Twitter account. This means that approximately 80% of the plundered funds…

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Chainlink’s Protocol Will Not Support ETH’s PoW Forks

The Ethereum network is leaping for the upcoming merge in September. This merge would mark Ethereum’s transition from the PoW consensus mechanism to the PoS.  Meanwhile, as the crypto community awaits the Merge, several players in the industry are making plans. Among them is the popular protocol, Chainlink. Chainlink Will Not Support Forked Versions Of…

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BTC Is A Web3 Catalyst – Director of Brazil’s Central Bank

The Director of Brazil’s central bank, Fabio Araujo, has lauded Bitcoin’s properties. He referred to the flagship currency as the catalyst for Web3 development.  According to the Director, BTC is a financial asset that uses modern technology. He made this statement while speaking at an event sponsored by a Business School in Sao Paolo. Furthermore,…

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Israel Restricts Cash Payment To Increase Digital Payment 

Today, Israel has imposed further restrictions on the usage of cash for payment. The aim is to reduce the case of illegal activities and increase the usage of digital payment options. Israel Government Pushing Citizens To Embrace Digital Payment In January 2019, the government subjected Israeli consumers and businesses to cash payment limits. It also…

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Dubai’s Crypto Regulator Grants FTX Subsidiary MVP License

On July 29th, FZE, the sister company of crypto platform FTX, received the first MVP (Minimal Viable Product) license to operate in Dubai. This would give FZE permission to operate fully in the country. FZE Receives MVP License To Operate Fully  The MVP license was issued by the country’s regulator, the VARA (Virtual Asset Regulatory…

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UK’s Barclays Bank To Invest Millions In Crypto Firm, Copper

Although the crypto market has been on a bearish run, several companies continue to invest in crypto-based firms. However, reports show that the bearish market has reduced the number of funding for crypto firms. Global financial company, Barclays PLC, has stated that it would invest funds in the crypto company Copper. This investment is part…

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FTC Sues Meta After Its Attempt To Monopolize The Metaverse 

The US FTC (Federal Trade Commission) had submitted a lawsuit against Mark Zuckerberg and Meta. The lawsuit aims to prevent the social platform from owning the metaverse.  The FTC alleged that Meta’s potential acquisition of Within, a VR firm, and Supernatural, a fitness app, is illegal. The commission cited the antitrust laws in the US,…

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FTX.US Launches Stock Trading Option For Americans

Crypto exchange platform FTX.US has added numerous stocks to its platform. This aims to expand its services to include mainstream assets apart from virtual currencies.  Meanwhile, FTX has been in the news lately, rescuing falling crypto firms. The platform even offered to help Voyager Digitals with withdrawals.  FTX.US Now Offers Stock Trading For US Users…

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Japanese Bank SMBC Plans To Expand Into Web3 And NFT Market

The SMBC (Sumitomo Mitsui Banking Corporation) ‘s second largest bank in Japan, has revealed plans to expand in the digital asset sector. As per reports, the bank will devolve into the world of Web3 and NFTs.  Additionally, the bank will collaborate with the Hashport group. This group offers listing and tokenization services in Japan.  With…

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Garantio Finance cryptocurrency trading

FTX Offers Joint Plan For Voyager To Resume Withdrawals 

Bankrupt cryptocurrency platform Voyager Digital is working on resuming withdrawals on its platform. According to the firm, it has sent permission to the court to allow users to withdraw their balance. Meanwhile, FTX exchange has offered to help the platform with the withdrawal process. FTX offers to allow the customers of Voyager to withdraw using…

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PolySwarm’s CEO Calls For Usage Of Blockchain In Cybersecurity 

As technology continues to advance, the issue of cybersecurity becomes more crucial for companies. This is due to increased fraud and data theft going on the internet.  As a result, the CEO of PolySwarm firm, Steve Bassi, has called on firms to embrace blockchain technology for improved cybersecurity. PolySwarm’s CEO Highlights The Need For Blockchain …

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South Korea Pushes 20% Crypto Tax Implementation To 2025

The latest report shows South Korea has decided to delay its crypto tax implementation. The government had initially issued a 20% crypto tax that will become effective next year January. However, the government has delayed the date until 2025.  South Korea Delays 20% Crypto Tax Till 2025 Officials of the state announced the postponement on…

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