Category Archives: Cryptocurrency News

Trail of Bits: “Blockchain is not as decentralized as it seems”

Analysts at Trail of Bits, a blockchain security company, claim that 21% of the nodes on the Bitcoin network are running an outdated version of the Bitcoin Core client. Commissioned by the US Department of Defense Advanced Research Projects Agency (DARPA), Trail of Bits has prepared a report called “Are Blockchains Decentralized?”, which raises questions about the vulnerability and risks of this technology. In particular, the company has found that legacy Bitcoin nodes, unencrypted network…

NFT-platform Magic Eden attracted investments for $130 million

Magic Eden, a non-fungible token buying and selling platform that handles 90% of the NFTs on the Solana network, has received a market valuation of $1.6 billion. The company announced that it has raised $130 million in a new funding round. The marketplace plans to expand beyond the Solana ecosystem. The investment round was led by Greylock and Electric Capital. In total, now founded quite recently, in September, Magic Eden is already valued at $1.6…

The US Securities and Exchange Commission launched an investigation into the collapse of Terra

Amid the Terraform Labs crisis and the Mirror Protocol judicial investigation, the American regulator decided to study the history of the LUNA emission in more detail. The US Securities and Exchange Commission (SEC) has officially requested information from Terraform Labs. The legal controversy between the Terra ecosystem and the SEC began in September 2021, when Terraform Labs CEO Do Kwon was served with a subpoena at the Messari Mainnet conference. The commission invited the head…

Binance Plans to Hire About 2,000 New Employees

While other crypto exchanges are laying off employees amid volatile market conditions, Binance plans to use the upcoming crypto winter to strengthen its position. Earlier at the Consensus 2022 conference in Austin, Binance CEO Changpeng Zhao said that if the industry is in for a crypto winter, then Binance will use it to strengthen its position in the market. Now Zhao said the company is expanding staff. Binance has posted over 2,000 jobs for engineers,…

Bancor Protocol suspended user security

Digital asset platform Bancor Protocol on Monday, June 20, announced that it was forced to take extreme measures due to the difficult situation in the digital asset market. Bancor Protocol has suspended user loss protection services. The site team promised that as the economy stabilizes, the service will be launched again: “This ILP suspension measure should give the protocol some room to recover. In the meantime, we are waiting for the markets to stabilize and…

Huobi Group obtained a work permit in Dubai and New Zealand

The Huobi Group has received a license to operate from the Dubai International Financial Center (DIFC) and has also been registered with the New Zealand Financial Services Provider Registry (FSPR). The owners of the crypto exchange called both events important stages in the development of the group as an international provider of cryptocurrency services. The DIFC Innovation License is issued to technology companies, granting them access to Dubai’s technology infrastructure. Companies have the opportunity to…

Central Bank of Israel: State digital currency should be partially anonymous

The Central Bank of Israel, together with the Hong Kong Monetary Authority, against the backdrop of global tightening of cryptocurrency regulation, will test the security of the Central Bank’s digital currency in the face of incomplete information about the owner. The two regulators are set to launch joint testing of cybersecurity methods using the Israeli central bank’s two-tier digital currency in the third quarter. The state cryptocurrency will be tested for the ability of banks…

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…

MicroStrategy lost more than $1.2 billion due to the fall of bitcoin

The largest company investing in the first cryptocurrency, MicroStrategy, calculates huge losses from falling quotes on the crypto market. However, management considers this a temporary phenomenon. The largest cryptocurrency in the world by capitalization, bitcoin, recorded on Wednesday, June 15, a new 18-month low of $20,181. Against the backdrop of freezing customer withdrawals and suspending operations by the crypto lender Celsius, this led to the fall of “smaller cryptocurrencies” and the market as a whole.…

Staking platform Finblox introduced a monthly withdrawal limit

Finblox has placed a $1,500 monthly withdrawal cap and suspended rewards due to uncertainty around hedge fund Three Arrows Capital. Cryptocurrency staking and yield generation platform Finblox invested about $3.6 million in cryptocurrency hedge fund Three Arrows Capital (3AC) in December 2021. Until mid-June, Finblox had no claims against Three Arrows for the performance of contractual obligations. However, against the background of information about the possible financial distress of Three Arrows Capital, the Finblox platform…