Three design flaws in blockchain tech are holding the NFT sector back — and they need to be tackled for it to reach its full potential. Years after CryptoKitties were released to the masses, the nonfungible token (NFT) sector is finally going places.Coveted collectibles are selling for millions of dollars in some of the world’s… More
“We want to be licensed everywhere,” said Changpeng Zhao. Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters.According to a Tuesday report from Reuters, Zhao, also known as CZ, hinted Binance would depart from its decentralized approach to… More
Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation’s economy. Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar.The country’s new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as… More
Only users who stake 100,000 1INCH or more will receive a full refund for their gas fees. The non-profit arm of decentralized exchange aggregator 1inch plans to give away more than $23 million to users starting September 1.In an announcement on Tuesday, the 1inch Foundation said it would begin distributing 10 million of its native… More
Only 6.6% of the supply of the SPS token was reserved for the private sale. Purchasers are subject to a minimum 10-month vesting period. Splinterlands — a trading card game built on the blockchain — has concluded a private token sale that netted the company $3.6 million in proceeds, offering further evidence that investors are… More
The investment round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X. Launched in 2020, SCB 10X is the venture capital arm of Siam Commercial Bank, Thailand’s oldest bank. Blockchain infrastructure provider and crypto custodian Fireblocks has secured another $310 million in strategic investments, bringing its total valuation to $2… More
Monero developers are working on a software fix for a newly identified bug that may expose the occurrence of an output transaction made right away after receiving funds. Developers of privacy-oriented cryptocurrency Monero (XMR) have identified a bug that could potentially impact users’ transaction privacy.On Monday, the official Monero Twitter account warned users of a… More
Funds are flowing back into GBTC, data suggests, as CEO Sonnenshein reiterates plans to turn Grayscale crypto funds into ETFs. The Grayscale Bitcoin Trust (GBTC) is echoing bullish sentiment in Bitcoin (BTC) as its premium over spot price rises to its highest since May.Data from analytics resource Bybt shows that on Tuesday, the so-called Grayscale… More
Solana invites students, Web 2.0 and Web 3.0 developers, engineers and anyone who is looking to get into crypto. Blockchain platform Solana announced an open invitation to Building out Loud, a hackathon venture exclusively for Indian developers and entrepreneurs. According to the official statement, Solana plans to launch the three-week long event in collaboration with Devfolio… More
The Singapore-based crypto trading platform has inked a partnership with stablecoin issuer Circle. Derivatives exchange Bitget is set to become one of the first exchanges to list USD Coin (USDC) as collateral for trading crypto derivatives.The development comes courtesy of a strategic collaboration between the Singaporean crypto derivatives trading service and USDC stablecoin issuer Circle,… More
Yahoo! Japan collaborates with messaging giant Line to enable secondary trading of NFTs issued on Line’s proprietary blockchain. Major Japanese internet company Yahoo! Japan has partnered with messaging giant Line to launch nonfungible token (NFT) trading.Line officially announced Tuesday that its cryptocurrency-focused subsidiary LVC Corporation would collaborate with Yahoo! Japan to enable secondary trading of… More
The owner of crypto exchange Bitmart has asked a New York judge to intervene to prevent hackers from selling the fraud-begotten coins on the open market. The owner of crypto exchange Bitmart has filed a bid for pre-arbitration injunctive relief to prevent Chinese hackers from making illicit transfers using fraudulent Bitcoin SV (BSV) on its… More
Huobi’s move follows a similar decision by crypto exchange OKEx, which resolved to dissolve its China-based entity in late June. Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according to publicly available records.The firm, Beijing Huobi Tianxia Network Technology Ltd., was established in late… More
A new project in Kazakhstan aims to enable local crypto businesses to provide crypto investment services legally. The government of Kazakhstan is reportedly planning to officially authorize local banking institutions to open bank accounts for cryptocurrency transactions.Several banks in Kazakhstan will soon be officially approved to service companies and businesses providing exposure to cryptocurrencies like Bitcoin… More
A new partnership with LegitDoc places India among early adopters to implement an e-governance system for higher education. The Government of Maharashtra recently announced a partnership with Indian blockchain startup LegitDoc to implement a credentialing system powered by Ethereum to provide tamper-proof diploma certificates. To counter the rise in document forgery, the Maharashtra State Board of Skill… More
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