Victims of North Korea-linked crypto thefts may take some comfort in knowing that connected wallets have plunged in value.
Despite the recent drawdown, the exponential rise in the value of cryptocurrencies over the past decade has made them key targets. Hackers are regularly seeking...
Coinbase Commerce has added support for seven more cryptocurrencies and enabled instant, fee-free payments.
The largest US-based crypto platform says consumers tell it that fees are a key reason they choose not to pay in cryptocurrencies. Merchants, meanwhile, want to be paid...
Tether CTO Paolo Ardoino has responded to reports of hedge funds shorting its USDT stablecoin.
A “short” is a bet against the value of an asset. In contrast, a “long” position is a bet that an asset will appreciate in value.
On Monday, the Wall Street Journal...
The leading stablecoin company, Tether, is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP) called GBPT.
The upcoming coin will launch in early July and will initially be supported by the Ethereum blockchain.
GBPT will be...
Nexo, a crypto lending platform, has hired multinational financial services firm Citibank to advise on acquisitions from struggling crypto firms amidst the current market turmoil.
The company has said that its strong balance sheet means it can provide liquidity despite the crash in...
OpenSea, the most popular NFT marketplace, has announced a new security feature to protect its users from the growing number of scams in the NFT space.
It comes at a time when the company is under increasing fire for the proliferation of stolen and plagiarised NFTs passing through its...
Ethereum developers that are considering defecting to Cardano can now test their dApps on the growing blockchain platform.
https://twitter.com/InputOutputHK/status/1535979507840167943Cardano’s Ethereum Virtual Machine (EVM) has full compatibility with Ethereum upgrades and...
The global crypto market has tanked below one trillion dollars (£820 billion) for the first time since January 2021.
According to data from CoinMarketCap, Bitcoin is down 13 percent over the past 24 hours and Ethereum is down 16 percent.
The trend marks the twelfth...
PayPal is finally allowing users to transfer digital currencies to an external wallet or exchange, nearly two years after the payments giant first opened up to cryptocurrency.
The feature is currently available to select users in the United States with plans to expand to the entire...
Pintu, a popular Indonesian crypto exchange, has closed a $113 million (£90m) Series B round of funding as the country’s crypto market experiences a boom in popularity.
The round, which leads on from a $35 million Series A last August, saw investment from prominent firms such as...
The Vietnam Blockchain Association is collaborating with the world’s leading crypto exchange, Binance, on the exchange of research and application of blockchain technology in Vietnam.
Newly formed in May, the organisation will also cooperate with Binance on human resource training...
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is joining forces with JPMorgan, DBS Bank, and Marketnode to launch Project Guardian.
The project, which is led by Deputy Prime Minister Heng Swee Keat, will pilot use cases of digital assets in tokenisation, using...
Two leading crypto firms, Ripple and FTX, have said they are looking to drive growth through acquisitions in interviews with CNBC at the 2022 annual meeting of the World Economic Forum.
The confidence suggests some crypto firms feel established and capitalised enough to weather the...
Sam Bankman-Fried, billionaire altruist and FTX exchange founder, has claimed he could donate upwards of $1 billion (£796m) to help influence the outcome of the 2024 United States presidential election.
In an interview on the “Whats Your Problem?” podcast, Bankman-Fried said he...
Andreessen Horowitz’s web3 arm - a16z crypto - has raised $4.5 billion (£3.6bn) for its fourth crypto fund, setting a new record for venture capital (VC) in spite of the market’s turbulence.
Last June, a16z crypto announced its third fund whilst the market’s total...
US banking lobbyists have argued against the Federal Reserve – the country’s central bank – developing and introducing a central bank digital currency (CBDC).
Having released a report on the potential of the “digital dollar” in January, the Fed invited and received thousands...
The Ropsten public testnet, a testing environment that is the closest replication of the Ethereum mainnet, is set to undergo its long awaited merge on June 8.
The merge will mimic Ethereum’s upcoming transition from using a proof-of-work consensus mechanism to a proof-of-stake one....
Andreessen Horowitz (a16z), a prominent venture capital firm investing heavily in the web3 sector, has published its first “State of Crypto” report exploring current trends in the market.
The overarching takeaway from the report is that web3 and the crypto market develop in...
CasperLabs is the overseer of the Casper blockchain, a proof-of-stake network optimised for enterprise and developer adoption that launched in early 2021.
The Zug-based company provides engineering and professional services to enterprise clients looking to migrate key business...
It has been a rough week for crypto, but an even rougher week for stablecoins.
Tether (USDT), the stablecoin mainstay of the crypto space, snapped as low as $0.95 in the early hours of May 12 amidst wider market fears surrounding TerraUSD (UST).
Earlier in the week, UST...
Whilst the whole cryptocurrency sector is tanking to lows not seen since last summer, few coins are having a worse time than TerraUSD (UST), the largest algorithmic stablecoin on the market.
UST, which is supposed to always be worth $1, briefly fell to $0.98 on May 7 following a...
Meta-owned Instagram is adding support for users to show off their non-fungible tokens (NFTs) from a number of the most popular blockchain networks.
In much the same vein as Twitter’s NFT integration late last year, users will be able to select their NFTs as display pictures, post...
Entre, which describes itself as decentralised web3 LinkedIn competitor, has launched on the DeSo blockchain.
Michael Marra, the app’s founder, describes it as “a web3 professional network designed to help people connect and work in the web3 world”.
Whereas on LinkedIn...
Proof-of-stake blockchain Algorand has scored a partnership with football’s world governing body, FIFA, to become the official blockchain of the upcoming World Cup starting in Qatar in November.
In terms of sponsorship, Algorand will be a FIFA World Cup Qatar 2022 “Regional...
The Central African Republic (CAR) has become the second country in the world to adopt Bitcoin as legal tender, following on from El Salvador's decision in September last year.
Despite being rich in mineral wealth, CAR is one of the world’s poorest countries and has suffered from...
Global banking giant Standard Chartered is following other major competitors journeying into the metaverse by partnering with decentralised gaming platform The Sandbox.
The company’s Hong Kong subsidiary (SCBHK) bought space in The Sandbox’s Mega City district, an area announced...
Binance, the world’s largest crypto exchange, has launched its Binance Refugee Crypto Card for Ukrainian Binance users who were forced to move to Europe due to the ongoing war with Russia.
The card has been created to allow displaced Ukrainians to conduct crypto transactions and...
Coinbase, the largest US crypto exchange, has finally launched the beta version of its NFT marketplace six months after announcing its impending arrival.
The creatively named ‘Coinbase NFT’ will have to compete with more established marketplaces, most notably OpenSea and...
BlockApps has raised $41 million (£31.4m) in funding for the expansion of its blockchain-as-a-service (BaaS) platform, STRATO.
STRATO is an Ethereum-compatible blockchain solution that helps enterprises bring more transparency and traceability to their operations.
The...
Cronos, the native token of Crypto.com’s ecosystem, has partnered with leading blockchain analytics firm Chainalysis to bring security and data services to its token.
Previously known as Crypto.com Coin, Cronos (CRO) runs on the first Ethereum-compatible blockchain network to use...
