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Tornado Cash governance control set to be restored as voters approve proposal
Cointelegraph.com News - 28 May 2023, 9:38 amA total of 517,000 token votes favored the proposal, with none opposing it. The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures.On…Read More
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Arbitrum-based Jimbos Protocol hacked, losing $7.5M in Ether
Cointelegraph.com News - 28 May 2023, 8:08 amThe attacker used the lack of slippage control over tokens to steal the funds. Adding to the growing number of decentralized finance (DeFi) protocol hacks in the crypto industry, Jimbos Protocol is the latest to suffer an attack resulting in a significant loss of funds.According to blockchain security firm PeckShield, Jimbos Protocol — the liquidity…Read More
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Beijing releases white paper for Web3 innovation and development
Cointelegraph.com News - 28 May 2023, 6:54 amThe release of the white paper coincides with new digital asset regulations in Hong Kong, raising further interest in China’s stance toward the crypto industry. Beijing’s municipal government has unveiled a white paper to foster innovation and advance the Web3 industry.The “Web3 Innovation and Development White Paper” was revealed at the Zhongguancun Forum by the…Read More
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Hong Kong Police Force launch new metaverse platform, ‘CyberDefender’
Cointelegraph.com News - 28 May 2023, 6:11 amThe platform was launched to promote crime prevention in the metaverse, with the police warning that “all crimes in the cyberspace could also happen in the metaverse.“ The cybersecurity unit of the Hong Kong Police Force has launched CyberDefender, a new metaverse platform designed to educate the public about the potential dangers associated with Web3…Read More
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Biden reaches ‘tentative’ US debt ceiling deal: Report
Cointelegraph.com News - 28 May 2023, 1:25 amUnited States President Joe Biden has urged the United States Congress to “pass the agreement right away.“ Amid growing concerns of a potential default by early June, United States President Joe Biden and House majority leader Representative Kevin McCarthy have reportedly reached an “agreement in principle” to raise the federal government’s multitrillion-dollar debt ceiling.According to…Read More
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FTX 2.0 coming up, Multichain FUD and Worldcoin raises $115M: Hodler’s Digest, May 21-27
Cointelegraph.com News - 27 May 2023, 9:20 pmFTX reboot is in the works, Multichain issues spark uncertainty and Sam Altman’s crypto project Worldcoin raises millions of dollars. Top Stories This WeekBinance suspends deposits for bridged tokens, seeks clarity from Multichain team Crypto exchange Binance suspended deposits for 10 bridged tokens following days of uncertainty surrounding the Multichain protocol. Transactions on the cross-chain…Read More
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Why is Grand Theft Auto 6 unlikely to incorporate cryptocurrencies?
Cointelegraph.com News - 27 May 2023, 8:50 pmOccasionally, rumors surface that Grand Theft Auto six will integrate cryptocurrency, fueling expectations that the franchise may make its way to Web3. Rumors suggesting Grand Theft Auto six will incorporate cryptocurrencies surface every once in a while, fueling expectations that the highly-anticipated game may include digital assets as rewards for players, and nonfungible tokens (NFTs) as…Read More
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Binance kicks off transition to new platform in Japan
Cointelegraph.com News - 27 May 2023, 5:08 pmThe move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin in November 2022. After five years out of the Japanese market, crypto exchange Binance has begun the process of establishing a new and fully regulated subsidiary in the country. The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin…Read More
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Crypto Stories: Cheds recounts how he leaned on crypto during his toughest times
Cointelegraph.com News - 27 May 2023, 3:32 pmCheds shares the story of how he shifted his focus to crypto after being diagnosed with cancer. Technical analyst Cheds has dreamed of being a trader since his childhood. However, the journey he had to take to fulfill his dream wasn’t very straightforward. In an episode of Cointelegraph’s Crypto Stories, Cheds shared his humble beginnings. According…Read More
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Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down
Cointelegraph.com News - 27 May 2023, 2:42 pmThis week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis. Another centralized exchange (CEX) bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the…Read More
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Striving for the Impossible: Reasonable Crypto Debate
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 6:10 pmDebates in crypto are increasingly polarized and politicized, as a recent CoinDesk story about a controversial mining plant in New York shows.Read More
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Binance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 4:56 pmThe crypto bridging service Multichain is coming under the microscope from Binance and other important outposts.Read More
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Worldcoin and the Intellectual Decline of Venture Capital
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 4:55 pm -
Nike Trips Up .SWOOSH Launch While Bitcoin NFTs Soar
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 4:05 pmNike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum with Binance and Astaria entering the market.Read More
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Stablecoin Issuer Lybra Finance Nears $100M in TVL
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 3:54 pmLybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin.Read More
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Gulf Binance Clinches Thai Regulatory Approval
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 2:41 pmThe joint venture between Gulf Innova and Binance aims to offer crypto services in the country starting later this year.Read More
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Avalanche’s AVAX Token Remains Flat Ahead of its $130 Million Token Unlock
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 1:53 pmMore than 9.3 million tokens will be unlocked Sunday, representing 1.2% of AXAX’s total supply.Read More
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Stablecoins Are the 'Glue' Between the Real Economy and Blockchain: Binance Japan General Manager
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 12:53 pmTsuyoshi Chino added that Binance J.apan may be still “a long way off” its business and activities being properly understood in gaining regulatory acceptanceRead More
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First Mover Americas: Digital Currency Group Is Closing Down TradeBlock
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 12:00 pmThe latest price moves in bitcoin (BTC) and crypto markets in context for May 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Read More
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F1 Ticket Provider Platinum Group Introduces NFT Tickets for Global Racing Event
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data - 26 May 2023, 11:00 amThe NFTs, debuting this weekend at the Monaco Grand Prix, offer collectors access to the race as well as a host of loyalty benefits.Read More