South Korea’s most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network. Klaytn has enjoyed success in South Korea as the country continues to see prolific nonfungible token (NFT) and GameFi use. Klaytn is a product of tech behemoth Kakao – which commands…
The industry’s largest crypto exchange Binance published a blog announcement on Monday stating that it would be “removing the off-chain fund transfer channel between WazirX and Binance.” Binance said that from August 11, it will terminate support for the function with WazirX Exchange, but noted that on-chain deposit and withdrawal functions will remain accessible for users. While an on-chain transfer…
On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits and suspended some of the project’s…
Decentralized autonomous organizations come in all sizes and flavors. Some can seem sweet; others turn sour. It can be fun and interesting to create one that suits your needs and satisfies your hunger for something new. We talk to the master chefs — Noam Hof of DeepDAO, Stru Delman of Aragon, and Fabien of Snapshot — who are mixing up…
In brief Arbitrum Nova, a new Ethereum scaling solution built for games and social apps, has launched to the public. Social giant Reddit will use Nova to scale its crypto-powered Community Points rewards program. Arbitrum One is a popular layer-2 Ethereum scaling solution that enables faster, cheaper transactions than Ethereum’s own mainnet. But seeing a need for even cheaper transactions…
An Ethereum fork token that does not yet exist, dubbed ETHW, is trading under $100 across several crypto exchanges after debuting at $30. ETHW and ETHS begin trading ETHW is the native asset to the ETHPoW chain. ETHPoW, for now, is a possible new chain backed by proof-of-work (PoW) miners as the original chain switches to proof-of-stake (PoS) consensus in…
Nigeria is a unique country in West Africa, geographically situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. Inflation is currently over 18%, and money debasement is sometimes a daily occurrence. If you’ve never had a backpack full of useless naira, you wouldn’t understand. In places like Accra, Ghana, the…
The source code for crypto transaction mixer Tornado Cash has disappeared from Github barely 24 hours after the US Treasury Department added the privacy tool to its sanctions list. Since yesterday, the Treasury Department has banned American citizens from using Tornado or transacting with several Ethereum addresses linked to the Tornado Cash community. In the official announcement, the Treasury said…
Inspired by Vitalik Buterin’s idea of non-transferrable Soulbound tokens, Ethereum researcher Anton Wahrstätter came up with a fresh proposal for an ERC-721 extension that would implement “stealth” addresses to obscure public blockchain transactions involving non-fungible tokens (NFTs). To implement stealth addresses for ERC-721 tokens—Ethereum’s current token standard for NFTs—Wahrstätter proposes utilizing a privacy-focused piece of cryptography known as zk-SNARKs. Per…
Bitcoin fell below $24,000 in today’s session, as prices collided with a key resistance level. Following a strong start to the week, crypto markets were mostly in the red, with the global market cap down 2.98% as of writing. Ethereum was also trading lower, moving close to a breakout below $1,700. Bitcoin Following a strong start to the week, bitcoin…
