In the fast-paced world of decentralized finance (DeFi), adaptation is key. ParaSpace, a leading player in NFT lending, has unveiled its rebranding as Parallel Finance, signaling a strategic commitment to diversification within the DeFi ecosystem. Despite current challenges, the platform remains steadfast in its core focus on NFT lending. Yubo Ruan, the forward-thinking founder and […]
Bitcoin witnessed a surge, reaching $42,404 on December 4, breaking the crucial $40,000 mark amid a bullish 2023, with a remarkable 150% gain. However, retired U.S. Air Force Brigadier General Robert Spalding offers a unique perspective on the cryptocurrency. In response to a comment on Twitter by LP Capital Chi, General Spalding emphasized the need […]
Salus, a prominent Web3 security company, has achieved a significant milestone by publishing its research in ‘Scientific Reports,’ a sub-journal of the renowned ‘Nature.’ The research paper, titled “Deep learning-based solution for smart contract vulnerabilities detection,” delves into the potential of deep learning in identifying vulnerabilities in smart contracts. Web3, often termed the decentralized web, […]
Introduction: In a groundbreaking development, India has claimed the top spot in the ‘2023 Global Crypto Adoption Index,’ following the G20 summit hosted in the country. This index, created by Chainalysis, assesses and identifies nations where citizens actively adopt and invest a significant portion of their wealth in cryptocurrencies. Understanding the Crypto Adoption Index: The […]
Singapore’s Monetary Authority (MAS) has unveiled a robust regulatory framework for digital payment token service providers (DPTSPs) to enhance governance and operational standards in the cryptocurrency sector. This move is aligned with MAS’s commitment to ensuring a secure digital finance environment. A key focus of the new regulations is the protection of retail investors. MAS […]
HashKey Exchange, operating in Hong Kong’s regulated crypto market, experienced a significant spike in daily trading volumes, reaching approximately $4.5 billion. The surge was linked to the company’s HSK rewards campaigns, where users could earn HSK tokens or EcoPoints. While some speculated about potential wash trading, HashKey emphasized adherence to regulatory standards and denied any […]
In the dynamic realm of decentralized currencies, the interplay between transaction fees and block rewards forms the bedrock of Bitcoin’s functionality. This intricate relationship, encapsulated in the Bitcoin Fee-To-Reward Ratio, is pivotal for upholding the integrity of the blockchain and incentivizing network participants. In this comprehensive guide, we delve into the nuances of this ratio […]
Summary: In a recent development, the individuals behind the $8.5 million hack of Platypus Finance in February 2023 have been cleared of criminal charges by a French court. The court ruled that their use of a flawed smart contract did not constitute fraud. The defendants, identified as Mohammed and Benamar M., were arrested a week […]
SoFi, the financial services platform that introduced cryptocurrency trading in 2019, has announced its decision to exit the crypto business due to increased regulatory scrutiny in the sector. The company has disabled new account creation and is giving existing users a three-week window to migrate their crypto accounts to Blockchain.com. After this period, accounts will […]
United States District Judge Robert Shelby has issued a strong warning to Securities and Exchange Commission (SEC) lawyers, indicating potential sanctions for alleged deceptive statements in a legal case against Digital Licensing Inc., also known as DEBT Box, a prominent cryptocurrency company. The SEC had filed a lawsuit against DEBT Box in a federal court […]