Cosmos rose to its highest point since May earlier in today’s session, as crypto markets surged on Thursday. The global market cap is trading over 6.27% higher as of writing, with bullish sentiment sweeping through. Solana was trading over 10% higher in today’s session . Cosmos (ATOM) Cosmos (ATOM) was trading higher on Thursday, as the token rallied to its…
The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets. According to a Thursday report from South Korean news outlet Edaily, Financial Services Commission chair Kim Joo-hyun said a task force consisting of private experts and government ministries will “quickly” review…
BlackRock has launched a spot Bitcoin private trust to give its U.S.-based institutional clients direct exposure to the world’s most popular cryptocurrency. The firm said that despite recent market turbulence, it’s still seeing “substantial interest” from some of its institutional clients in accessing crypto markets through its technology. The news comes on the heels of another announcement last week that…
Kraken is thrilled to share the results of our second 2022 Proof of Reserves audit, which has been expanded to include: BTC* ETH* USDT USDC XRP ADA* DOT* Note: * Indicates Proof of Reserves audit covered assets held both on Kraken’s spot exchange and staking platform A Proof of Reserve audit is a trail-blazing accounting procedure that cryptographically verifies cryptocurrency…
The cryptocurrency industry has offered developers and investors the opportunity to introduce new financial tools providing plentiful options to earn passive income. Simply holding crypto has offered patient investors the chance to make gains over the years. However, there are various other ways to increase crypto assets’ stacks, even in bear markets. Other than staking, crypto savings accounts allow retail…
The central bank of the Philippines will not accept applications from virtual asset service providers for three years.The bank claims the institutions pose varied risk to financial stability.Previously existing service providers can still expand operations and continue operating based on regulatory compliance. The Bangko Sentral, central bank of the Philippines, will close the door to all virtual asset service providers…
Decentralized crypto exchange dYdX announced it had begun blocking users that had interacted with the recently-sanctioned Tornado Cash. “Many accounts were blocked because a certain portion of the wallet’s funds (in many cases, even immaterial amounts) were associated at some time with Tornado Cash,” dYdX said today in a blog post. Tornado Cash is an Ethereum-based service that hides users’…
Bitcoin (BTC) continued towards $25,000 on the Aug. 11 Wall Street open amid news that the world’s largest asset manager had launched a BTC product. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Silbert on BlackRock: “Here comes Wall Street” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spike to $24,921 on Bitstamp as United States stocks trading got…
Interlay, a London-based blockchain firm, launched a Bitcoin (BTC)-based cross-chain bridge on Polkadot (DOT). Named interBTC (iBTC), the bridge allows the use of Bitcoin on non-native blockchains for decentralized finance (DeFi), cross-chain transfers and nonfungible tokens (NFTs), among others. interBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which according to Interlay, resembles MakerDAO’s DAI…
Curve Finance has more answers to this week’s $570,000 frontend attack. A recent report conducted with domain registrar company iwantmyname, the domain host for the decentralized exchange, indicated that Tuesday’s hack was a result of “DNS cache poisoning, not nameserver compromise.” On August 9, Curve notified users that it had suffered a frontend attack where the nameserver, curve.fi, was compromised,…
