As many industry players look to recover from hefty losses, Crypto.com is turning to greener pastures in South Korea. On Monday, the Singapore-based crypto platform announced the acquisition of PnLink Co. and OK-Bit Co., a payment provider and a digital asset exchange, respectively. According to Bloomberg, this means that Crypto.com has also secured a deal with the electronic financial transaction…
sponsored Everyone is now familiar with the term “NFTs,” which provide users with decentralized asset ownership and legitimate property through blockchain technology. Similarly, NFT domains are currently trending with a similar approach of giving users ownership rights, but the difference is that these NFT domains can be stored as an asset, used to host a decentralized website, or even change…
Singapore-based crypto lending platform Hodlnaut has become the latest firm to suspend withdrawals, and deposits blaming market conditions and lack of liquidity. The crypto lending firm made an official announcement on Aug. 8, claiming that market conditions have forced it to suspend its services and that it is actively working on recovery plans. Dear users, we regret to inform you…
Cointelegraph’s Brian Newar spoke with Alex Svanevik, the CEO of blockchain data firm Nansen at the Korea Blockchain Week (KBW) 2022 held in Seoul and discussed topics like the upcoming Ethereum (ETH) Merge and how it will affect other blockchains. According to Svanevik, the industry witnessed a spillover effect in the last bull run. He said that in trading nonfungible…
Deliberately insufficient policy responses by successive Lebanese governments combined with the self-serving agreements by politicians are largely to blame for the country’s economic crisis, a report by the World Bank has said. The report concludes that the country needs to seriously engage “in the macro-fiscal, financial, and sector reforms the World Bank has been stressing for decades.” Politicians Defending ‘a…
The ongoing cryptocurrency winter has triggered an overall decline in interest in centralized crypto exchanges (CEX), but some crypto trading platforms have seen a rise in website traffic. A few major global crypto exchanges, including Sam Bankman-Fried’s FTX, have experienced a significant increase in web traffic despite the bear market of 2022, according to the website analytics platform SimilarWeb. According…
Crypto exchange Binance recently denied owning India-based crypto exchange WazirX, despite the company’s blog post from 2019 saying exactly the opposite. WazirX, meanwhile, insists the deal has indeed been completed. The dispute comes hot on the heels of last week’s reports that India’s Enforcement Directorate (ED) froze $8.14 million (64.67 Crore rupees) in assets from WazirX after the Mumbai-based company…
The crypto market crash in April saw most cryptocurrencies lose more than 60% of their valuation from the top, leading to an overall downturn in trading activity, investor interest and venture capital investment. A recent study has highlighted nations’ growing curiosity and interest in crypto after the April crash. The research was based on Google Trends data of popular crypto…
Chainlink is aligning itself with the decision of the Ethereum Foundation and its community. Therefore forked versions of the Ethereum (ETH) blockchain, which includes PoW forks, will no longer be supported by the Chainlink (LINK) protocol post-Merge. In an official announcement, the Chainlink protocol revealed its services will remain on the Ethereum blockchain post the long-awaited Merge. The Ethereum blockchain…
Cross-chain protocols and Web3 firms continue to be targeted by hacking groups as deBridge Finance unpacks a failed attack that bears the hallmarks of North Korea’s Lazarus Group hackers. deBridge Finance employees received what looked like another ordinary email from co-founder Alex Smirnov on a Friday afternoon. An attachment labeled ‘New Salary Adjustments’ was bound to pique interest, with various…
