Web3 users can now register decentralized .eth domains on the Ethereum Name Service (ENS) protocol using a host of fiat payment options, thanks to a new partnership with MoonPay. The ENS protocol previously only allowed domain registrations through cryptocurrency wallets with Ether (ETH), which was cited as a barrier to entry for prospective Web3 users.
Prosecutors in Montenegro have issued indictments to Do Kwon, the former co-founder and CEO of Terraform Labs, for allegedly forging legal documents. Kwon was arrested on March 23 while attempting to board a private plane at an airport in Podgorica, the capital of Montenegro. According to reports, he was using fake documents while attempting to
Kraken, one of the world’s leading cryptocurrency exchanges, has received some exciting news from its Irish subsidiary, Payward Europe Solutions. On April 18th, the Central Bank of Ireland awarded the company virtual asset service provider (VASP) authorization, making it only the third cryptocurrency outlet to be registered in the European Union (EU). This authorization comes
Major United States-based technology company Intel has announced plans to discontinue its Blockscale Bitcoin mining chips.Intel will stop taking orders for the Blockscale 1000 Series ASICs by Oct. 20 and end shipping roughly in April 2024. The move is aimed at cutting overall costs as part of a strategy of prioritizing the manufacturing of certain
Australia has become a leading country in the adoption of cryptocurrencies, with a growing number of businesses and individuals recognizing the benefits of using digital assets for daily transactions. According to Coin ATM Radar, Australia has surpassed Asia in the total number of crypto ATMs installed, with 364 machines as of January 2023. This represents
Decentralized Finance (DeFi) has emerged as a revolutionary force in the financial industry. When traditional banks narrowly avoided a systemic bank run, and centralized exchanges (CEX) collapsed spectacularly, DeFi kept working, providing trustless financial services to people around the globe. illicit financial transactions troubled regulators worldwide. An unusually successful algorithmic stablecoin soared and then collapsed,
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that it will disable multiple old deposit addresses as part of its ongoing infrastructure upgrade. The retirement of selected deposit addresses and memos will take place in batches across multiple blockchains, including Ether (ETH), Tron (TRX), BNB (BNB), and Stellar (XLM). According to Binance,
Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has announced a partnership with CityPay.io, a startup specializing in crypto payments in Georgia. The collaboration will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payment alternatives for their products and services. By partnering with CityPay.io, Gate
In an effort to reduce development costs for in-house and OpenAI projects, Microsoft has reportedly been developing its own artificial intelligence (AI) chips in secret. The project, called “Athena,” has been in the works since 2019 and appears to be designed to reduce the company’s reliance on Nvidia’s GPUs. According to a Google search, Nvidia’s
Liquidity pools are one of the foundational technologies behind the current DeFi ecosystem. They are an essential part of automated market makers (AMM), borrow-lend protocols, yield farming, synthetic assets, on-chain insurance, blockchain gaming – the list goes on. In itself, the idea is profoundly simple. A liquidity pool is basically funds thrown together in a
The saga of the Turkish cryptocurrency exchange Thodex continues, with the founder being finally brought back home in two years after the platform halted trading. Faruk Fatih Ozer, founder and former CEO of Thodex, has been extradited from Albania to Turkey, facing charges of fraud and money laundering, the local police immediately detained the 27-year-old
Cryptocurrency trading platform Bitget has officially registered as a service provider in Lithuania, allowing the Seychelles-based firm to operate in the European country. An announcement from the exchange notes that it has met compliance standards with regional laws and regulations in the Baltic state. The country is identified as an emerging digital asset market in
US prosecutors are seeking a lengthy sentence for Reginald Fowler, a former minority owner of the Minnesota Vikings NFL team, over his alleged involvement in shadow banking practices through Crypto Capital Corp, an alleged crypto shadow bank. Fowler’s sentencing is scheduled for April 20, following his arrest in 2019 and subsequent charge with bank fraud,
Binance, the world’s largest cryptocurrency exchange, is becoming a node operator on Polymesh and allow staking of the layer-1 blockchain’s POLYX token through its platform by the end of this week. As a node operator, Binance will help run the blockchain, writing new blocks to certify transactions that enter the chain before broadcasting them to
The United Kingdom is looking to establish regulations for digital assets within the next 12 months, according to Andrew Griffith, the economic secretary to the UK Treasury. In an interview with CNBC on Griffith stated that the country aims to take advantage of the benefits that blockchain technology can bring to the private sector and
Paxful, the peer-to-peer cryptocurrency marketplace, has announced that it has unfrozen 88% of the user accounts that were previously frozen, following the suspension of its operations. The remaining $4.4 million in frozen funds is currently being held by US financial regulators, according to Paxful CEO Ray Youssef. Youssef revealed the news Via the Twitter thread,
Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has partnered with CityPay.io, a startup specializing in crypto payments in Georgia. The partnership will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payment alternatives for their products and services. According to the announcement, by partnering with CityPay.io,
Cryptocurrency wallet provider MetaMask has denied claims that an exploit of its wallet is the cause of a “massive wallet draining operation” that has claimed over 5,000 Ether On April 18, MetaMask tweeted in response to a series of tweets posted on April 17 by Taylor Monahan, the founder of Ethereum wallet manager MyCrypto, who
The European Commission has launched a new research unit that will investigate the impact of the algorithms made and used by prominent online platforms and search engines such as Facebook and Google. The European Centre for Algorithmic Transparency launched on April 18 and will help the European Commission identify and address any potential risks posed by these
The addition of Bitcoin price quotations to Twitter’s social media platform occurred around the 18th of April. The price quotations are provided by the charting platform TradingView, however they are only accessible for the price of Bitcoin. Price quotes for other major cryptocurrencies are not provided. The accompanying Bitcoin price chart includes a link that
MoneyTap, the Ripple-based payment system, is continuing to grow in Japan with several local banks opening access to the application for their clients. SBI Remit, the remittance-focused arm of the Japanese financial services conglomerate SBI Holdings, has added support for its mobile MoneyTap application to three local banks, including Yamaguchi Bank, Momiji Bank, and Kitakyushu
Yoz Labs, a Web3 notification platform, has raised $3.5 million to further its aim to make scalable messaging rails that would enable developers to send immediate on-chain notifications directly to users. Led by early-stage venture firm Electric Capital, the funding round included several Web3 investors and angels such as Collab+Currency, Coinbase Ventures, Dapper Labs, Form
In the early 2000s, Web 2.0 ushered in a new era of user-generated content with interactive websites and web applications. Data breaches, input validation attacks and social engineering defined the cybersecurity risk landscape of Web 2.0. With advances in artificial intelligence and machine learning accelerating at a breathtaking pace, the transition to Web 3.0 is
The Blockchain Association, a cryptocurrency advocacy group, has filed additional Freedom of Information Law (FOIL) requests to regulators in the US. The group had initially filed for information from the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency. The new requests
Troubled cryptocurrency lending firm Babel Finance has more time to repay debts to creditors like Deribit after suspending withdrawals in 2022. A court in Singapore has extended creditor protection for Babel Finance by another three months, Bloomberg reported on April 18. According to Babel co-founder and former CEO Flex Yang, the moratorium will last until July 21,
A dozen European Union politicians have signed a letter calling for the “safe” development of artificial intelligence as Google’s CEO cautioned against releasing powerful AI tech before society has had a chance to adapt. An April 16 open letter shared on Twitter by EU Parliament member Dragoș Tudorache called for a collaborative effort and a
Israel’s central bank is monitoring scenarios including the widespread adoption of stablecoins – that it says could influence a decision to issue a digital shekel The Bank of Israel’s steering committee on the potential issuance of a digital shekel made clear in a Monday report that the regulator has not made a decision on issuing
Crypto exchange Bybit has opened its global headquarters in Dubai, the company announced recently. The launch comes nearly a year after it had revealed plans to establish itself in the emirate based on an in-principle approval to move its global headquarters to the city. “As one of the most progressive digital assets hubs in MENA
The federal securities regulator in the United Arab Emirates (UAE) will start accepting applications from companies looking to provide crypto services in the country, according to a recent press release All virtual asset service providers in the country except for companies that are already licensed in the UAE’s financial free zones must apply for approval
Flatcoins need to provide a more stable and decentralized alternative to traditional currencies otherwise, they’re nothing but investment vehicles. The post-COVID-19 era has brought the issue of inflation to the forefront, leading to increasing interest within the Web3 space for creating flatcoins, a close “cousin” of stablecoins designed to mitigate inflation risk. Many existing flatcoins,
