Category Archives: Cryptocurrency News

Daymak will release an electric vehicle with the ability to mine cryptocurrencies

Tesla’s rival, Canadian electric vehicle maker Daymak, plans to launch a Spiritus vehicle that will mine BTC and DOGE cryptocurrencies while it is parked. According to Daymak, the upcoming Spiritus electric vehicle will include the Daymak Nebula, Daymak’s comprehensive cryptocurrency infrastructure, which has been pending patent application. Spiritus is slated for release in 2023. The company also announced the start of pre-orders for Spiritus – accepting payments is possible in DOGE, BTC, ADA, ETH and…

Ethereum Developers fixed vulnerability in EIP-1559

Ethereum developer Martin Holst Svende proposed a fix for a vulnerability in EIP-1559 that could lead to network congestion. EIP-1559 will be rolled out on the July London hard fork. Ethereum developers fixed a flaw in EIP-1559 that left the network vulnerable to large fake transactions that could overload the blockchain. Scheduled to roll out in mid-July as part of the London EIP-1559 hard fork, it will dramatically change Ethereum’s fee structure – it will…

SEC of Thailand will oblige the issuers of DeFi tokens to obtain a license from the regulator

The Thai government will make another attempt to regulate the cryptocurrency industry. This time, Thailand’s SEC turned its attention to Decentralized Finance (DeFi) projects. The Thai Securities and Exchange Commission (SEC) said any DeFi-related activity may require a license from the financial regulator in the near future. The SEC noted that the new rules will primarily target the DeFi protocols that issue tokens. Another regulatory initiative, apparently, is related to the release by the DeFi…

Hackers withdrew $ 7.2 million worth of crypto assets from DeFi BurgerSwap protocol

Another major DeFi protocol powered by the Binance Smart Chain has been hacked. Hackers withdrew about $ 7.2 million from the BurgerSwap protocol using a quick credit attack. According to a statement from the BurgerSwap developers on Twitter, the protocol was attacked using fast credits – a fairly popular method among hackers to extract cryptoassets from DeFi protocols. In a statement, the developers of BurgerSwap claim that they will try to reimburse users for all…

Dubai Administration reported a fraudulent project Dubai Coin

Dubai authorities and local media have warned investors about a fraudulent cryptocurrency project called “Dubai Coin”, which is allegedly launched as “the official digital currency of Dubai.” Dubai positions itself as a region that creates favorable conditions for the development of blockchain and cryptocurrencies, therefore it does not lack promising projects. On the other hand, the abundance of cryptocurrency startups makes it difficult for inexperienced investors to distinguish reliable firms from scams. Recently, the Dubai…

CedarFX – Trade with the First Eco-Conscious Broker

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…

Uniswap V3 will be launched on Arbitrum – second-tier networks on Ethereum

The Uniswap community has voted to launch the third version of one of the largest decentralized exchanges on Arbitrum, a second-tier solution for the Ethereum blockchain. Uniswap creator Hayden Adams announced the voting results and revealed that the proposal to deploy Uniswap V3 on Arbitrum received 41.35 million votes from UNI token holders. Work is already underway to plan the update and design the interface. Startup Offchain Labs, which received a $ 3.7 million investment…

CipherTrace will start tracking transactions on the Binance Smart Chain blockchain

Analyst firm CipherTrace has added support for the Binance Smart Chain blockchain. The company’s tools will allow you to track suspicious activity on this network. CipherTrace CEO Dave Jevans said that one of the advantages of CipherTrace tools is that they allow you to analyze transactions not only in a particular blockchain, but also interact with all applications built on its basis. Crypto exchanges, banks, over-the-counter (OTC) platforms, custodian wallet developers and various financial institutions…

Diem Association economist: “Diem’s ​​original development plan was naive”

Diem Association chief economist Christian Catalini announced the readiness of Diem stablecoin developers to cooperate with regulators. Diem is marketed as a temporary replacement for the digital US dollar. Since the publication of the Libra (now Diem) White Paper in 2019, this project has received “many blows” from regulators around the world. They began to criticize the not yet launched stablecoin, fearing that its launch could threaten the entire banking industry. Many large companies have…

PayPal will add the ability to withdraw cryptocurrencies to third-party wallets

José Fernández da Ponte, VP and Head of Blockchain Development at PayPal, said the company plans to add the function of withdrawing crypto assets to third-party wallets. According to Jose Fernandez da Ponte, the feature is already in development, but he did not specify an approximate date for its release. As of today, the PayPal payment system does not allow users to withdraw cryptocurrencies from the platform, although as of October 2020, US citizens can…