Category Archives: Cryptocurrency News

CertiK launches QuickScan tool to find vulnerabilities in smart contracts

Cybersecurity services company CertiK has announced the launch of an automated QuickScan tool to detect vulnerabilities in smart contracts. CertiK COO Daryl Hok said the QuickScan toolkit is designed to improve the analysis performed by CertiK Chain’s security oracles. QuickScan checks the involved smart contracts for known vulnerabilities using static and dynamic analysis methods. In particular, the bytecode, source code and access parameters of each smart contract are checked. With this tool, analysis can be…

Deutsche Bank: “government cryptocurrencies will replace cash”

According to analysts at Deutsche Bank, government cryptocurrencies will replace cash. Central bank digital currencies can also eliminate intermediaries in the banking system, which will have serious consequences. In a report released this week, Deutsche Bank analysts listed economic assessments and proposals to help the global economies hit by the COVID-19 pandemic. The report, which contains sections related to protecting the environment and protecting small businesses, also discusses the transition to digital currencies, including government…

Congressmen criticized the US OCC for increased attention to the cryptocurrency industry

A group of US Democratic lawmakers have criticized the Office of the Comptroller of the Currency (OCC) for over-focusing the crypto industry amid the pandemic and economic crisis. The Democrats have released a letter addressed to US Foreign Exchange Controller Brian Brooks, who previously served as director of legal affairs for cryptocurrency exchange Coinbase. The OSS is “accused” of making unilateral decisions regarding stablecoins and other digital assets. In their address, representatives of the Democratic…

Argentine Congressman Introduces Cryptocurrency and Blockchain Bill

Argentine Congressman Ignacio Torres has prepared a bill to regulate the cryptocurrency industry. It will be presented to the Argentine parliament next week. Efraín Barraza, COO of the Argentine branch of the Athena Bitcoin ATM network, and Alberto Vega, CEO of Bithan, took part in the preparation of the bill. They noted the need to create clear legal regulation of blockchain and cryptocurrencies in Argentina, given that other countries have long been tackling this issue.…

US Fed: the digital dollar can be a tool for monetary policy

Specialists of the US Federal Reserve (FRS) analyzed various studies of digital currencies of the Central Bank and published a report on the results. According to a report by FRS researchers, before launching the digital dollar, it is necessary to give a clear answer to the most important question: will the state cryptocurrency become a full-fledged replacement for fiat money and bank deposits? It does not matter who will issue the digital dollar – a…

Kadena project announced partnership with Terra to develop Kadenaswap platform

Hybrid blockchain developers Kadena have announced a partnership with South Korean stablecoin issuer Terra to develop and expand their decentralized platform Kadenaswap. Kadena has announced that it will add the Terra-issued LUNA stablecoin to the Kadenaswap exchange, which is slated to launch later this year. With the help of the hybrid blockchain, Kadena hopes to attract various organizations and users looking for an alternative to Ethereum-based platforms. Kadena co-founder and president Stuart Popejoy noted that…

DragonEx will introduce tokenized quotas for the withdrawal of crypto assets

Singapore-based cryptocurrency exchange DragonEx will temporarily introduce tokenized withdrawal quotas for digital assets as part of addressing current issues. Marketplace users will receive DragonEx Withdraw Quota (DWQ) tokens. 1 DWQ will allow you to withdraw one asset from the platform, the cost of which is 1 USDT. To receive DWQ, clients need to trade on the exchange, borrow assets or make deposits. When requesting a withdrawal, an equivalent amount in DWQ will be debited from…

Microsoft employee got nine years in prison for bitcoin fraud

A Microsoft employee who used data from colleagues to scam bitcoin and various gift cards received nine years in prison. 26-year-old Ukrainian Vladimir Kvaschuk lived in Washington and worked at Microsoft from August 2016 to June 2018. He used the personal data of colleagues to steal and then resell various gift cards. Kvashchuk transferred his profits to Bitcoin and used mixing services to hide the origin of the funds. After that, the cryptocurrency was exchanged…

OKEx announced the involvement of lawyers to solve the problem with the withdrawal of cryptoassets

Cryptocurrency exchange OKEx announced the involvement of third-party legal consultants to solve the problem with the withdrawal of digital assets. Recall that on October 16, the exchange suspended the withdrawal of cryptoassets due to the “unavailability” of one of the holders of private keys. OKEx CEO Jay Hao explained that the lack of a key holder is due to an investigation by Chinese law enforcement authorities against this person, but it has nothing to do…

DeFi developer PercentFinance error leads to $ 1 million freeze of crypto assets

Due to a mistake by the developer of the DeFi PercentFinance application, a fork of Compound Finance, 446,000 USDC, 28 WBTC and 313 ETH were frozen, the total value of which exceeds $ 1 million The DeFi platform team PercentFinance wrote in a blog post that “there is a problem in some money markets that could lead to permanent blocking of users’ assets.” The team froze money markets for USDC, ETH and WBTC. A total…