Poloniex, a crypto exchange owned by Tron founder Justin Sun, has seen at least $60 million worth of crypto assets exit one of its wallets as the result of a “hack incident.” The transfers were first flagged by blockchain security firm Peckshield; blockchain explorer Etherscan shows a series of transfers from the “Poloniex 4” wallet to the hacker’s wallet, including…
The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences. It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or digital property. However, the statement stresses the third view…
Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa. The Open Platform (TOP), the Dubai-headquartered investment platform affiliated with TOP Labs and Wallet, announced the global rollout of the Wallet crypto bot on Nov. 10. Wallet, a third-party Telegram bot allowing users to buy and sell crypto, is…
Galaxy Digital founder Mike Novogratz has told investors that 2024 will be headlined by institutional adoption of cryptocurrencies driven by the pending approval of Bitcoin (BTC) spot exchange-traded funds (ETFs). During Galaxy Digital’s third-quarter earnings call on Nov. 9, Novogratz highlighted the firm’s belief that approving several ETFs “is now not a matter of if but when.” The fund manager filed…
The Federal Government of Nigeria, through the Ministry of Communications, Innovation and Digital Economy, has entered into a partnership with a UK-based computing education charity, Raspberry Pi Foundation, to launch Code Clubs across Nigeria. The initiative is crafted for students aged 7 to 17, and the Code Clubs represent a series of extracurricular artificial intelligence (AI) programming clubs aimed at…
Hot on the heels of BlackRock’s newest ETF filing are popular Ethereum-staking tokens. The governance token behind Lido Finance has soared more than 20% overnight, per CoinGecko, reaching $2.49 at time of publication. Over the last week, the figure has ballooned even further, hitting 37% since last Friday. Beyond satisfying speculators, LDO also serves as a voting token for the…
Banking giant JPMorgan has added a programmable payments feature to its blockchain-powered payment system, JPM Coin. The new feature enables companies to automate the transfer of funds based on preprogrammed conditions, enabling them to seamlessly move funds to cover financial obligations such as overdue payments and margin calls. “When we talk about digital currencies and tokenized deposits, the holy grail…
On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris. The Institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board includes 11 experts from major French educational institutions, such as the National Center for Scientific Research (CNRS) and…
The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year. BlackRock’s intention to file for an Ethereum spot ETF had a bullish effect on the crypto market, helping…
Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week. Binance will stop accepting deposits in Russian rubles (RUB) starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users to withdraw RUB from the platform as it expects to terminate RUB withdrawals on Jan. 31, 2024.…
