ShapeShift: “Decentralized Insurance Will Reduce DeFi Risks”

Cryptocurrency NewsBy 28/04/2021

Researchers at the ShapeShift cryptocurrency exchange believe that decentralized insurance protocols can eliminate the risks that DeFi projects face. While the DeFi industry is characterized by high volatility and the potential for large profits, DeFi carries with it certain threats. ShapeShift researchers have identified four risk factors that DeFi projects often face: storage risk, smart contract security risk, and protocol and oracle risks. Speaking about vulnerabilities in smart contracts, analysts cited as an example an…

Bender Labs Developers Launch A Bridge Between Ethereum And Tezos

Cryptocurrency NewsBy 27/04/2021

Bender Labs has introduced the Wrap protocol, a decentralized bridge for transferring ERC-20 and ERC-721 tokens between Ethereum and Tezos blockchains. The protocol allows users to “convert” ERC-20 and ERC-721 tokens and move them outside the blockchain on which they operate. In other words, using Wrap, you can transform the tokens of these standards into the FA2 standard of the Tezos blockchain. Tokens are locked on their own blockchain, and a corresponding number of wrapped…

Microsoft Deploys Intel Anti-Cryptojacking Technology

Cryptocurrency NewsBy 27/04/2021

Microsoft Defender for Endpoint integrates Intel threat detection technology to improve the responsiveness to hidden mining malware on workstations. According to Intel, together with Microsoft, the company will fight against cryptojacking attacks by improving the speed and efficiency of malware detection for hidden cryptocurrency mining on users’ devices. Microsoft Defender for Endpoint extends Intel Threat Detection Technology (TDT) beyond accelerated memory scans to enable central processing unit (CPU) -based machine learning detection. This will speed…

Paxos received a conditional federal banking license from OCC

Cryptocurrency NewsBy 26/04/2021

Cryptocurrency firm Paxos has received a conditional license from the Office of the Comptroller of the United States of America (OCC) to create a separate, federally regulated trust. Paxos chief attorney Daniel Burstein said the approval of the OSS will allow Paxos to create a new trust company that will be controlled at the federal level. It will operate separately from the current Paxos Trust, operating in New York under the BitLicense previously issued by…

SEC failed to obtain data on financial transactions of Ripple

Cryptocurrency NewsBy 26/04/2021

The US Securities and Exchange Commission (SEC) has demanded assistance from cryptocurrency exchanges and international regulators in disclosing data on Ripple’s external transactions. The SEC’s efforts have been in vain. SEC attorney Jorge Tenreir has filed a complaint with a New York court that Ripple has not yet disclosed its financial information. Tenreir said the SEC has already analyzed cryptocurrency addresses associated with Ripple CEO Brad Garlinghouse and Ripple co-founder Chris Larsen. The regulator found…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 23/04/2021

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…

Turkish Exchange Thodex stopped working after the flight of the founder

Cryptocurrency NewsBy 23/04/2021

The Thodex cryptocurrency exchange has ceased trading without prior notice. The money of about 391,000 active traders of the site is not available for withdrawal, and the founder of the exchange left Turkey. Yesterday in the morning on the official Twitter of the Thodex exchange there was a statement about the receipt of “external investments”, which required the suspension of trading for 4-5 days. However, users of the exchange are afraid of fraud and a…

Cuba has included cryptocurrencies in the economic development program

Cryptocurrency NewsBy 23/04/2021

The Cuban government has included digital assets in the government’s economic stimulus program for the next five years. This could mitigate the negative effect of US sanctions on the country. A few days ago, Cuban President Miguel Díaz-Canel took over as First Secretary of the Central Committee of the Cuban Communist Party. After that, the Cuban government accepted the party’s proposal to include cryptocurrencies in the country’s economic and social policy guidelines, which should be…

Uniswap is testing smart contracts of the new version of the protocol

Cryptocurrency NewsBy 22/04/2021

Uniswap decentralized exchange is approaching the third version of the protocol and has successfully deployed Uniswap V3 smart contracts across all Ethereum testnets. This week, Uniswap Labs confirmed that Uniswap V3 protocol smart contracts are deployed across all major Ethereum testnets: Ropsten, Rinkeby, Kovan, and Goerli. Testnet smart contract addresses have been posted on Github. At the same time, the Uniswap developers reminded users that the addresses are not final and will be changed as…

Norwegian Tax Authority warned cryptocurrency traders about the need to pay taxes

Cryptocurrency NewsBy 22/04/2021

The Norwegian tax administration issued a warning to cryptocurrency traders and called for filing a declaration of income related to cryptocurrency transactions by April 30. According to a notice from the Norwegian Tax Administration, the government agency recommends all taxpayers who owned or sold cryptocurrency in 2020 to include this information on their tax returns, otherwise they “risk paying additional tax.” The IRS said that only about 2% of cryptocurrency holders in Norway disclosed cryptoasset…

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