Amid more reports on the Bank of Russia rejecting the finance ministry’s proposal of cryptocurrency regulation, the central bank has kicked off trials of its own digital currency. The Russian central bank has officially launched the digital ruble trial, successfully completing the first central bank digital currency (CBDC) transfers among citizens, the Bank of Russia announced Tuesday. The launch aligns…
Decentralized blockchain ecosystem Binance Smart Chain (BSC) today announced that it is taking a new name, BNB Chain, in a bid to reflect its connection with the native token of the ecosystem Binance Coin (BNB). According to the release, BNB now stands for “Build and Build” instead of short for Binance Coin. Powered by BNB, the BNB Chain would introduce…
The Axelar Network has announced the completion of a $35 million Series B funding round, pushing its market value above $1 billion. Participants of the round include Dragonfly Capital, Polychain Capital and North Island Ventures, among others. The raise succeeds a previously undisclosed round led by the head of Crypto.com Capital, Bobby Bao in late-November 2021, a nine-investor $25 million…
Belarusian President Alexander Lukashenko has signed a decree affirming the country’s formal support of free circulation of cryptocurrencies like Bitcoin (BTC). Lukashenko’s press office announced Monday that the president has signed a decree “On the register of virtual wallet addresses and the circulation of cryptocurrency.” The document provides a legal basis for Belarus Hi-Tech Park to establish and manage a…
The CNMV, the Spanish securities regulator, has issued a warning about the existence of an unknown party asking for information and offering to sell bitcoin on its behalf. The fraudsters are said to perform the scam attempt via phone calls, where they ask for personal information and offer the benefit of purchasing bitcoins said to be confiscated from a company…
It was only a matter of time before 1980s-style hostile corporate takeovers went on-chain. And yesterday, Build Finance became one of the first decentralized autonomous organization (DAO) to fall victim to the phenomenon. “The Build Finance DAO has been the target of a hostile governance takeover in which a malicious actor has put forward and succeeded with a proposal to…
According to Glassnode data, the number of addresses holding at least 0.1 Ethereum (ETH) has hit an all-time high. The holdings are still small, but it’s a metric of adoption that has already made waves among Bitcoin holders. According to a previous report on Bitcoin holders from the data provider, those holding less than 1 BTC are considered “shrimps” in…
A federal judge yesterday ordered the release of Heather Morgan, one half of the couple accused of laundering billions of dollars worth of Bitcoin after the 2016 Bitfinex hack. Morgan’s husband, Ilya Lichtenstein, was to remain in custody pending trial. The ruling was made by Beryl Howell, chief judge of the US District Court for the District of Columbia. Howell’s…
Bitcoin has surged 4.7% in the last 24 hours, hitting an intraday high of $44,207 in the early hours on Tuesday, as the overall market recovered nearly $90 billion over the past 24 hours. As data from CoinGecko shows, the leading cryptocurrency is now up 14% over the last two weeks, helping the broader market recovery. Ethereum, the second-largest cryptocurrency…
On February 14, Cere Network and Polygon launched a non-fungible token (NFT) marketplace and Web3 platform called Davinci, a project that aims to bolster the security behind NFT data. The platform is described as an “all-in-one Web3 media platform” that leverages Cere’s decentralized data cloud (DDC) platform and the proof-of-stake blockchain network Polygon. Cere Network Launches All-in-One Web3 Media Platform…
