MakerDAO founder Rune Christensen has introduced two new stablecoins, PureDAI and NewStable, as part of the contentious Endgame plan for the protocol. Reconciling the two opposing paths for Decentralized Stablecoins From the moment Dai started scaling, it has been straddling two worlds. One world is the culture of pure decentralization as introduced with Bitcoin. The […]
An individual from Australia has admitted his role in promoting cryptocurrency lending services linked to the now-defunct BitConnect crypto exchange. BitConnect was notorious for allegedly operating as a Ponzi scheme and ceased operations in 2018 following allegations of defrauding victims out of over $2.4 billion. John Louis Anthony Bigatton, hailing from Carss Park, Bew South […]
Changpeng “CZ” Zhao, the former CEO of cryptocurrency exchange Binance, has revealed that he intends to “write something” during his impending four-month prison sentence. I got some "quiet time" coming up. Will use that to write something. — CZ 🔶 BNB (@cz_binance) May 12, 2024 CZ continued to be active on social media before and […]
According to Ola Olukoyede, the chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), terrorists are tricking young Nigerian crypto traders into unknowingly funding their fraudulent activities. When speaking at an event organized by civil society groups in Abuja, Olukoyede revealed how certain cryptocurrency merchants are funding terrorism. At the “National Dialogue on Preventing Terrorism […]
Gamety, a new player in the blockchain gaming industry, uses a Play-to-Earn (P2P) model; this model ensures that there is a limited token supply. This model has given rise to a closed-loop ecosystem that prevents such problems as token oversupply that are seen in the old traditional game models. In addition to that Gamety has […]
Gamety, a new player in the blockchain gaming industry, uses a Play-to-Earn (P2E) model; this model ensures that there is a limited token supply. This model has given rise to a closed-loop ecosystem that prevents problems such as token oversupply seen in old traditional game models. In addition to that, Gamety has received the Web3 […]
Genesis Global has received court consent for more than $3 billion in cash and cryptocurrency return to the crypto clients as an execution of a Chapter 11 bankruptcy liquidation plan. U. S. bankruptcy judge Sean Lane dismissed objections to Grayscale investors from Digital Currency Group (DCG) seeking to limit their client’s exposure to prices beyond […]
The Bank of Ghana and the Monetary Authority of Singapore have worked together on a project called the Digital Economy Semi-Fungible Token (DESFT) to make trading easier between small and medium businesses in Ghana and Singapore. As part of the project, the two sides did live transactions using their digital tokens. This token followed standards […]
Bitcoin layer-2 developer Alex Labs has successfully recovered over $3.9 million worth of cryptocurrencies following an exploit on its BNB Smart Chain bridge. The attack focused on the wallets of the bridge, which used the keys that were compromised in an earlier phishing attack. The team was able to freeze funds amounting to $3.7 million […]
Pavel Durov, founder of Telegram, just received a notable donation of $7 million in Notcoin. The story about the donation has brought some doubts among crypto users. The reason for community concern is that Notcoin was just launched less than two weeks before the donation, and its price seems to have experienced a great price […]