Decentralized finance (DeFi) exchange Uniswap has launched a mobile wallet application to promote wider DeFi wallet adoption and support on-the-go trading, according to a recent press release. The Uniswap mobile wallet will allow users to buy cryptocurrencies for fees as low as 2.55%, nearly half what some competing DeFi protocols charge, Uniswap said in the

The Web3 technology has fundamentally altered the manner in which financial exchanges are carried out by removing the need for middlemen while also enabling decentralized and protected peer-to-peer transactions. Despite this, Web3 comes with its own set of unique security issues and concerns, such as the possibility of hacking attacks to blockchain networks. Web 3

The Winklevoss twins, co-founders of Gemini, have reportedly loaned their own money to support the cryptocurrency exchange during a period of market downturn. This news comes amid increased scrutiny from regulators, with both the U.S. Securities and Exchange Commission and the New York Department of Financial Services investigating Gemini’s activities. In January, the SEC charged

Coinbase CEO Brian Armstrong has hinted that the cryptocurrency exchange may integrate Lightning, a layer 2 scaling solution for Bitcoin. In a tweet, Armstrong responded to criticism for not integrating the Lightning network by saying, “Lightning is great and something we’ll integrate.” However, he did not provide any further details on what the integration would

Ethereum’s highly anticipated Shanghai upgrade, also known as the Shanghai-Capella hard fork, is set to occur in due time. The upgrade will give users access to the $31 billion worth of ether (ETH) staked in the blockchain since December 2020. While the upgrade has been widely hailed as long-term bullish for Ethereum’s native token, Bitcoin’s

Billionaire investor Warren Buffett described bitcoin (BTC) as a “gambling token” in a recent press interview. Echoing the dour opinion of the cryptocurrency that he has aired in the past, the Berkshire Hathaway (BRK.A) chairman and CEO said bitcoin “doesn’t have any intrinsic value but that doesn’t stop people from wanting to play the roulette

Popular cryptocurrency wallet and supplier of decentralized applications MetaMask has introduced a new feature that enables users to purchase cryptocurrencies with fiat cash straight from inside its Portfolio Dapp. This new feature can be found on the MetaMask website. It is anticipated that the newly added “Buy Crypto” function would make it simpler for customers

Projects in decentralized finance (DeFi) could be forced to incorporate, or prove that they meet governance and security norms, a report by the French central bank has said, as regulators seek to extend planned crypto laws to cover more diffuse structures. Policymakers are increasingly turning their attention to financial services in which there is no

Employees of South Korean cryptocurrency exchange Coinone have been arrested in connection with exchanging money in return for listing certain crypto assets. “There is concern about escaping,” said Seoul Southern District Court Chief Judge Kim Ji-Sook, who issued a warrant for the arrests. Coinone’s listing team leader Kim Mo has been accused of violating the

The Central Bank of Montenegro (CBCG) plans to develop a pilot program for a central bank digital currency (CBDC) or national stablecoin with blockchain provider Ripple even though it uses the euro as its de facto currency.  The pilot will see the central bank identify practical applications of such a coin and come up with

Information protocol RSS3 has raised $10 million via a token sale to prolific Web3 investor DWF Labs, according to a recent email announcement. RSS3 aims to be a bridge between blockchain technology and AI, search engines and social media. It has previously attracted investment from Coinbase, Dragonfly and noted entrepreneur and former Andreessen Horowitz partner

Cardano blockchain-focused development lab IOG released Lace, its first native wallet for the Cardano network. Lace is a browser-based wallet similar to the popular MetaMask product. It allows users to access the Cardano network directly and use Cardano-based decentralized applications. Users can send and receive Cardano digital assets like ADA, Cardano non-fungible tokens and Cardano-native

A “rough year” for crypto markets has underlined the need for comprehensive and consistent regulation of the sector, the International Monetary Fund (IMF) has said, suggesting stablecoin issuers and crypto conglomerates need to have bank-style capital requirements. In its “Global Financial Stability Report” published Tuesday, the IMF joins the standard setters at the Financial Stability

Blockchain and AI are the two most important and emerging technologies. Blockchain is versatile and is easy to apply whereas AI has surpassed all its limitations of experimenting performances in the labs. Both are embedded with the recent technological developments, though both have different roots. Blockchain is considered a shared and permanent ledger that will

China and Hong Kong are pouring money into the blockchain logistics industry to take the lead. After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade. Hong Kong-based Global Shipping Business Network (GSBN), a nonprofit consortium focused on blockchain trade applications,

According to recent data from Glassnode, a well-known market intelligence firm, the percentage of unmoved Bitcoins (BTC) reached an all-time high of 53% in the last two years. This figure implies that at least one of every two BTC in circulation has not been traded since 2021. Some believe that investors who bought during Bitcoin’s

Seychelles-based crypto exchange Bitget has started a new $100 million fund targeting Web3 startups as Asian countries build out a framework for developing Web3. East Asian countries have been making strides to promote crypto in the last few months, with Hong Kong seemingly easing its crypto regulations and Japan approving a white paper for Web3

South Korean crypto exchange Gdac was hacked for nearly $13 million on Sunday, the firm said hackers transferred nearly $13 million worth of crypto, 23% of its total custodial assets, from Gdac’s hot wallet to an unidentified wallet. The hackers stole nearly 61 bitcoins (BTC), 350.5 ether (ETH), 10 million wemix tokens (WEMIX) and 220,000

Two Texas lawmakers, Senator Bryan Hughes and Representative Mark Dorazio, have introduced identical bills proposing the creation of a state-based digital currency backed by gold. Each unit of the proposed digital currency would represent a fractional equivalent amount of physical gold held in trust. The bills, Senate Bill 2334 and House Bill 4903, outline the

Arkansas has become the latest state in the United States to pass a bill seeking to regulate Bitcoin mining activity within its borders. The bill, which has been named the Arkansas Data Centers Act of 2023, will now move to the governor’s office for final approval. If passed, the legislation would create guidelines for miners

In a bid to provide a better user experience, LooksRare has released version 2 of its NFT marketplace, which includes several new features and improvements. One of the most significant changes is the reduction of trading fees from 2% to 0.5%, which is a 75% reduction. Additionally, version 2 includes gas-efficient contracts that enable users

Polygon has emerged as the second-largest blockchain gaming network in terms of unique active wallets (UAWs), thanks to a surge in user activity in March. According to the “Blockchain Games Report” by DappRadar, the number of UAWs engaging with games on Polygon hit 138,081 in March, a 53% increase from February. This places Polygon ahead

Binance.US, the United States arm of the global cryptocurrency exchange, has been struggling to find a bank partner to serve as a fiat on-ramp and off-ramp for its clients in the country. According to a report from the Wall Street Journal, the recent failures of Silvergate and Signature Bank have left Binance.US without banking services,

The Bank of England is looking to build a team of as many as 30 people to develop a central bank digital currency (CBDC).  In February, the U.K.’s central bank and finance ministry said they were starting further research and development on a digital version of the pound sterling, and invited the public to weigh

        A smart contract on decentralized finance (DeFi) protocol Sushi’s exchange services was exploited, developers said in a tweet.  The exploit specifically involves the ‘RouterProcessor2’ contract, which is used to conduct trade routing on the SushiSwap exchange. “It seems the SushiSwap RouterProcessor2 contact has an approve-related bug, which leads to the loss

According to the latest reports, the Virtual Assets Regulatory Authority (VARA) in Dubai has ordered the leading crypto exchange Binance which received the authority’s MVP license in September 2022, to submit more details regarding the company’s “ownership structure, governance, and auditing procedures”. Significantly, the report stated that Dubai, in an attempt to confront the crypto

Crypto derivatives exchange dYdX said it is exiting the Canadian market. At 17:00 UTC, the exchange stopped onboarding new users based in Canada. Current Canadian users will retain full access to dYdX’s platform for the next seven days. But on April 14 they will be moved to “close-only mode” and only allowed to exit their

Mt. Gox, once the largest cryptocurrency exchange, has been embroiled in a lengthy process of repaying its creditors since it was forced to shut down in 2014 after a massive hack that resulted in the loss of 850,000 Bitcoin (BTC). Despite subsequent high-profile crypto thefts, Mt. Gox’s demise remains the greatest cryptocurrency robbery in history.