Category Archives: Cryptocurrency News

ISDA will develop a regulatory framework for cryptocurrency derivatives

The International Swaps and Derivatives Association (ISDA) called cryptocurrencies a unique asset class and announced the development of a regulatory framework for cryptocurrency derivatives. “We recognize that digital currencies are a unique asset class, and appropriate terminology must be created to develop regulations,” said Scott O’Malia, CEO of ISDA. In its report, the Association spoke about the risks that may affect the cryptocurrency derivatives market. ISDA is concerned about hard forks, soft forks, hacker attacks,…

Rarible integrated Tezos blockchain and launched NFT collection

NFT creation platform Rarible has integrated the Tezos blockchain, which will allow users to buy, sell and create collectible tokens with low fees. Tezos is the third blockchain supported by the Rarible platform, after Ethereum and Flow. Rarible co-founder and CEO Alexei Falin said that integration with Tezos is made possible by the Rarible Protocol, an open source, community-driven, open source NFT Internet Protocol. The platform chose Tezos because of its low commission costs and…

Circle launched stablecoin USDC on the Avalanche blockchain

Circle announced the launch of USDC stablecoin on the Avalanche blockchain. This will help attract decentralized finance project developers to Avalanche. The integration took place on the Avalanche mainnet with support for smart contracts (C-Chain). With this, users will be able to directly issue and send USDC to Avalanche, rather than using the bridge from Ethereum, which will help avoid additional fees. “Physical fiat currency is increasingly becoming a relic of the past. And with…

NYDIG raised $ 1 billion in the next round of financing

12/15/2021 Author Sergey Klachek The New York Digital Investments Group (NYDIG) raised $ 1 billion in another round of funding, after which the firm’s capitalization reached $ 7 billion. WestCap became the leader of the round. Also involved in fundraising were Bessemer Venture Partners and FinTech Collective, which led the previous NYDIG funding round, as well as Affirm, FIS, Fiserv, MassMutual, Morgan Stanley, and New York Life. NYDIG announced that the funds will be used…

German savings bank network will test cryptoasset trading for 50 million clients

German savings bank network to test cryptoasset trading for 50 million clients The financial group Sparkassen-Finanzgruppe announced the launch in early 2022 of a pilot project for trading cryptocurrencies for clients of all savings banks in Germany. In early 2022, the committees of Sparkasse (a network of German savings banks) will vote on a project that will provide savings bank customers with the ability to trade cryptocurrencies. In parallel, the development of a cryptocurrency wallet…

Gaming service Vulcan Forged lost about $ 100 million as a result of hacker attack

NFT-based gaming platform Vulcan Forged reported the theft of 4.5 million PYR (about $ 100 million) from users’ cryptocurrency wallets. The gaming platform Vulcan Forged announced on Twitter that it was subjected to a cyberattack. Attackers hacked 148 wallets and stole 4.5 million PYR tokens worth $ 100 million. The company said that hackers have stolen private key data from users and it cannot do anything. “We are powerless to prevent users who have their…

The Beatles’ audio interviews will be auctioned as NFT

For the first time in the history of the music world, rare audio interviews by The Beatles – John Lennon, Paul McCartney, George Harrison and Ringo Starr – will be auctioned off as NFT. According to the Voices of Classic Rock Archive (VOCR), the company will put up for sale four rare audio interviews by The Beatles: John Lennon on A Day in the Life, Paul McCartney on Chaos and Backyard Art, George Harrison on…

South Korean authorities are concerned about the massive transition of civil servants to the crypto industry

South Korean MP Ro Wun Rae said more and more officials in Seoul are leaving their government posts and moving to cryptocurrency companies. Ruling Democratic MP Roh Woong-rae has called for stricter rules on civil servants and their employment after leaving the civil service. As an example, he talked about a Tier 5 civil servant who quit the Financial Services Commission (FSC) to join the Bithumb exchange. Ro agreed that the law does not prohibit…

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…

Cryptbot virus detected in KMSPico activator for pirated Windows to steal cryptocurrencies

A data thief program that attacks cryptocurrency wallets was found in the KMSPico activator for pirated Microsoft Windows and Office. Cybersecurity company Red Canary writes about the emergence of a new malware Cryptbot, which threatens the owners of cryptocurrency wallets. Through the KMSPico program, which is used to activate all functions of unlicensed Microsoft Windows and Office programs, the virus infects the devices of its victims. Cryptbot reaches the victim’s device when the KMSPico cracker…