Choosing a place to store cryptocurrencies is the primary task of every investor. Is it possible to store cryptocurrencies on the exchange and how do the platforms ensure the safety of assets? The choice of a place for storing cryptocurrencies depends on the safety of savings, ease of use and the ability to manage money. Crypto assets can be stored in cold or hot wallets, depending on the goals and plans of the owner. The…
Cryptocurrency exchange Coinbase has launched Solidify, a solution that will facilitate the audit of Ethereum smart contracts written in the Solidity programming language. The tool was introduced by Coinbase Blockchain Security Engineer Peter Kacherginsky in an article on the company’s blog. Manual auditing of smart contracts is very laborious and time-consuming, in addition, security specialists often miss errors and vulnerabilities. Solidify’s solution should significantly speed up the audit process, as well as reduce the number…
ILGON is a new blockchain platform based on Ethereum, with its own cryptocurrency, positioned as an ecosystem with limitless possibilities. At first glance, the ILGON project seems completely legitimate. He has a team, listing on one exchange and even several videos, albeit in Hungarian. This is not surprising, because the team is also Hungarian. Who is behind the project General Director (CEO) – Attila Vidakovic, you can find very little information about this person on…
According to the Bank for International Settlements (BIS) annual economic report for 2021, digital currencies from central banks can make significant changes to the financial industry. BIS analysts believe that government digital currencies should be developed taking into account the public interest, creating an “open space for payments” that will be equally accessible to individuals and legal entities. However, the effective functioning of central bank digital currencies depends on the structure of the underlying payment…
ECB executive board member Fabio Panetta said that in the transition to the digital euro, the ECB will better protect users’ confidential data than private firms. In a recent interview, Fabio Panetta said that in addition to the interest in the digital euro, users are very concerned about the security of their data. Panetta explained that unlike private firms, the European Central Bank has no commercial interest in storing, managing or monetizing user information. So…
At the request of the Central Bank of China, banks and financial institutions must stop serving any customers working with cryptocurrencies. The directive of the regulator has already been followed by the Agricultural Bank of China. The People’s Bank of China (PBOC) held a meeting with local banks and mobile payment operators, at which it demanded that they stop providing services to customers who make any transactions with digital assets. At the meeting, the Agricultural…
Denmark’s largest bank named the risks of digital currencies, urging its clients to be careful about them. At the same time, the bank will not restrict clients’ operations with cryptocurrencies. Danske Bank acknowledged that cryptoassets have already brought significant innovation to the financial services industry, and noted the growing interest of their clients in cryptoassets. Danske Bank praised the potential of blockchain technology, but cited several reasons why a cautious approach should be taken when…
The Swiss branch of the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) will start providing Bitcoin storage and trading services to its private clients on June 21. Initially, the offer will only apply to Bitcoin, but other cryptocurrencies are planned to be added in the future. At the same time, the bank warned that its new service will not provide any consulting services on investments in crypto assets. With Bitcoin becoming part of the bank’s…
It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…
Billionaire Mark Cuban announced the need to regulate DeFi projects and stablecoins after the collapse of the TITAN token of the Iron Finance project, in which he lost 100% of his invested money. The Iron Finance project with the TITAN token connected to the Polygon network on May 18 to improve the efficiency of transactions and reduce fees for their execution. Iron Finance introduced the stable cryptocurrency IRON, pegged to the USDC stablecoin and the…
