The Pepe team has confirmed that three of its former team members have stolen about 16 trillion PEPE, worth roughly $15 million. The funds were reportedly stolen from the project’s multisig wallet. The culprits later sold the tokens on crypto exchanges and…
Bankrupt crypto exchange FTX, and insolvent digital asset lenders BlockFi and Genesis have come under a SIM swap attack leading to leaking of their customers’ data. Bankruptcy claim vendor in charge of the three companies, Kroll confirmed the incident in a statement…
The U.S. treasury and internal revenue service (IRS) have rolled out new rules for reporting crypto tax in the country. The new rules will require brokers and exchanges to report certain sales on crypto from bitcoin to NFTs to close the tax…
Lately, Web3 adoption has grown exponentially due to increased awareness of the benefits of blockchain and crypto technologies. The spur adoption of Web3 technologies has inspired developers to invest in developing advanced software to improve ownership, control, and privacy in the crypto…
In an X post (formerly Twitter), Num Finance has released a stablecoin pegged to the Colombian local currency. The announcement revealed that the stablecoin dubbed nCOP was centered on the Polygon network. The nCOP aims to transform the remittance market, which has…
The cryptocurrency market has been down for months now, but the bearish trend got worse recently with Bitcoin dropping below $26,000. It was the first time the top cryptocurrency dropped below this level since March. However, the market has seen a slight…
As the world continues to see high cryptocurrency adoption, South Korean crypto enthusiasts have demonstrated a growing interest in Ripple’s native token, XRP. A report featured on the South Korean media outlet “News 1 Korea” reported that the Generation Z crypto investors…
On Wednesday, August 23, the lead engineer at Unstoppable Domains (UD), Aaron Quirk, announced launching of an instant messaging platform for improving communications in the decentralized sector. The announcement conveyed by the engineer confirmed that the Web3 usernames will access the newly…
Bitcoin has been trading sideways for days after crashing below $26,000 for the first time since March. This has led to a general crash in the crypto market as altcoins follow Bitcoin’s trends. As a result, many investors have become pessimistic. It…
An X post by the Binance customer service department revealed that the world’s largest crypto exchange by daily trading volume will suspend the Euro withdrawals and deposits made through the Single Euro Payments Area (SEPA). The August 20 tweet stated that the…
The Melbourne-based crypto lending company Maple Finance has yielded $5 million in a funding round led by Tioga Capital. An August 22 report revealed that other key players in the digital sector, including Blocktower Capital, Veris Ventures, GSR, and The Spartan Group,…
World’s biggest crypto exchange, Binance has launched its Binance Pay service in the Latin American country of Brazil. The new service will enable local merchants to offer a new alternative for payment that may attract new customers, increase processing speed, and reduce…
UK-based mobile network operator World Mobile has entered a partnership with decentralized artificial intelligence (AI) marketplace, SingularityNET to bring blockchain-based loans to users. The partnership will allow the two to develop credit ratings for a lending program that uses blockchain technology. It…
On Tuesday, August 22, the Oman Ministry of Transport, communication, and information technology (MTCIT) officially launched an innovative data hosting and crypto mining center. The launching event was preceded by Hamoud al Maawali, an engineer at MTCIT. The new mining center is…
An announcement conveyed by the chief executive officer of Hive Digital, Aydin Kilic, revealed that artificial intelligence and blockchain technology have massive potential to transform the Web3 sector. The CEO stated that AI and blockchain are the core pillars of Web3 development….
The crypto market has been interesting in the last few weeks. After sustaining a bearish momentum for weeks, the market turned green recently, with assets experiencing a short relief. The relief rally is however long over, and the bearish momentum has kicked…
Top global crypto exchange Huobi has entered a strategic partnership with financial charting platform, Tradingview to integrate crypto trading data to the exchange. The partnership will enable Huobi users to directly view the real-time prices of cryptocurrencies on Huobi with TradingView. Tradingview…
On Thursday, August 17, the Mastercard team announced plans to collaborate with Ripple and other payments companies to support the implementation of the central bank digital currency (CBDC). The Mastercard report demonstrated that the leading payment platform is interested in developing the…
An official announcement by the head of research at LiFi, Arjun Chand, revealed that the multichain bridging protocol launched a multi-message aggregator to support the decentralized autonomous organization’s (DAO) performance. The new aggregator has defensive features to prevent governance attacks from the…
Ledger, a leading security company and PayPal, a leader in global payments, have entered a partnership that will make it easier for PayPal users to access the crypto space. The partnership announced by Ledger, will provide a secure and user-friendly way to…
