Global cryptocurrency enthusiasts have expressed concerns over Canadian authorities freezing bank accounts and crypto wallets involved in funding local COVID-19 protests. On Thursday, Ontario Superior Court Justice Calum MacLeod issued an order freezing all the digital assets and bank accounts associated with “Freedom Convoy,” or a series of the ongoing protests against COVID-19 vaccine mandates and restrictions. According to a…
The Cardano Foundation recently said it has doubled the payout offered to hackers and bounty hunters that identify bugs or vulnerabilities within the Cardano blockchain. The foundation said the six-week promotion, which runs until March 25, 2022, is part of an ongoing attempt to keep “its businesses and customers safe.” Strengthening the Cardano Brand The Cardano Foundation recently announced the…
As the Canadian government continues its crackdown on the recent ‘Freedom Convoy’ trucker protests, Kraken CEO Jesse Powell took to Twitter today to advise concerned users to move their crypto and cash off the exchange. Quizzed on whether Kraken would have to freeze accounts linked to the protests, Powell responded by saying “100% yes it has/will happen.” “We will be…
Hot off the news that the FarmVille and Words With Friends developer Zynga will release the first NFT game this year, Zynga’s blockchain gaming aspirations are taking shape. Matt Wolf, the marketing veteran with experience at EA and SEGA, is the new vice president of blockchain gaming for Zynga. He’s setting up the new team, bringing a wealth of “traditional…
Crowdfunding platform Kickstarter has revisited its plans to transition to blockchain technology after receiving backlash from segments of its customer base. Last month, Kickstarter announced it was creating a new blockchain-based version of its platform. “We think bringing all that we’ve learned about crowdfunding since 2009 to inform the development of a decentralized protocol will open up exciting new opportunities…
Bitcoin (BTC) continued its decline further into the week as BTC clung to the $40,000 support level on Feb. 18. BTC price up-down debate “mostly noise” While many analysts anticipated BTC’s price to fall towards $30,000 next, mostly based on technicals, Jurrien Timmer of Fidelity Investments lambasted the downside bias, calling it “mostly noise.” Bitcoin has been in a choppy…
Nicole Muniz, CEO of Yuga Labs—the company behind the Bored Ape Yacht Club NFT collection—criticized Buzzfeed for revealing the identities of the Bored Ape founders. “Releasing their identities and frankly only giving us 30 minutes was very, very dangerous for them and their families,” she said during an interview with D3 Network. During the same interview, Muniz said, “We believe…
Ukrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature by President Volodymyr Zelensky who requested some changes. Majority of Ukrainian Deputies Back Law ‘On Virtual Assets’ Verkhovna Rada, Ukraine’s parliament, has adopted new legislation that will govern crypto activities…
The Ministry of Finance of the Russian Federation has officially initiated work on the country’s cryptocurrency regulation bill, filing the first public notice on the federal legal portal. Russia’s finance ministry on Thursday filed two development notices announcing the start of the process of developing a legal framework for activities related to transactions with digital currencies and their issuance. The…
KuCoin Labs, the investment and research arm of crypto exchange KuCoin, has released its annual report, predictin that decentralized finance (DeFi) will still be a significant trend in the crypto industry in 2022 and governance will be run through decentralized autonomous organizations (DAOs). With the DeFi ecosystem continuing to be plagued by criminal whales, the risks of financial loss within…
