Binance has announced that Indian crypto exchange Wazirx can no longer use Binance wallet services. Zanmai, the operator of Wazirx, has until Feb. 3 “to remove the funds from the accounts that they used for Wazirx’s operations.” The move followed a public dispute regarding the relationship between Binance and Wazirx. Binance Ends Wallet Services to Wazirx Cryptocurrency exchange Binance said…
Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.” At least 216 jobs were slashed between three crypto firms – open-source software laboratory Protocol Labs, blockchain data firm Chainalysis and U.S. cryptocurrency exchange Bittrex, with reductions of 89, 83 and 44 employees respectively. Juan Benet,…
Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during the year. Crypto Hacking Hit Record High in 2022 Blockchain analytics firm Chainalysis published a section of its upcoming 2023…
The Federal Bureau of Investigation (FBI) has seized two non-fungible tokens (NFTs) worth more than $100,000 and 86.5 Ether (ETH) from a reported phishing scammer. The alleged scammer in question, Chase Senecal — known as Horror (HZ) online — was initially exposed via a lengthy investigation by independent blockchain sleuth ZachXBT posted back in September. In the FBI’s official notification…
Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global. Binance Invests in Troubled Korean Crypto Exchange Cryptocurrency exchange Binance announced Friday that it has invested in Gopax,…
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan Pays Over $10,000 a Month to the State Coffer Licensed crypto firms have paid…
Ordinals, a controversial new project that lets users put NFT-like media assets on the Bitcoin blockchain, is seeing surging activity this week. On Thursday, Ordinals recorded its largest number of single-day mints—but network fees are apparently growing as a result. More than 1,000 total Bitcoin NFTs have been minted via Ordinals, according to public blockchain data curated by Dune, topping…
Blockchain projects continue to experience failure rates in excess of 90%, and it seems that with every passing moment, more and more “successful” companies add their underperforming blockchain project to the graveyard. One of the most recent blockchain failure victims was Moller-Maersk, which recently announced the termination of its highly publicized TradeLens offering — a global trade platform built on…
Bill Murray Discusses NFT Project, First Members-Only Event Comedic legend Bill Murray sits down with Decrypt at his first exclusive party for NFT holders in Oceanside, California. He describes the project’s origins and why it didn’t feel “mercenary” for him to create an NFT-based membership club. Source: https://decrypt.co/videos/interviews/taYx1lPU/bill-murray-discusses-nft-project-first-members-only-event
Bill Murray is the face of one of the most prominent celebrity NFT collections, but like many who aren’t plugged into the Web3 world, he didn’t really grasp the concept at first. “I thought it was a sort of a sports league,” Murray told Decrypt of the NFT acronym. “I didn’t know if it was the National Federation of Tennis…
