Cryptocurrency exchange Hotbit suspended operations for maintenance after the cyber attack and reported a possible data breach. User funds are safe. Hotbit underwent a serious attack by cybercriminals, which began on April 29 at about 23:00 Moscow time. This paralyzed the work of the exchange services. As a result, the trading platform was forced to leave for maintenance, which will last at least seven days. The investigation and system update can take up to two

Ethereum developers launched the Steklo testnet to demonstrate one method of merging two iterations of the network and explore a new way to execute and complete transactions. As part of the ETH Global Scaling Hackathon project called Rayonism, developers from several Ethereum software labs have launched a testnet with ETH1 and ETH2 clients. One researcher called this network “the post-merger ETH1-ETH2 super experimental testnet.” The Steklo testnet aims to explore a new way of executing

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

Analysts at the American investment bank JPMorgan believe that bitcoin can compete with gold as a store of value, but will give way to ether in the long term. According to JPMorgan experts, the difference between BTC and ETH is that at this stage, Bitcoin is more likely to be classified as “consumer goods”. It can compete with precious metals and be seen as a store of value. On the other hand, analysts have called

Payment company Mastercard is exploring smart contracts and other tools that can be used to empower central bank digital currencies. Today, the topic of state digital currencies is widely discussed at the international level. Central banks are at various stages of research and development of their own digital currencies: some have just begun to develop a concept, others have moved on to testing, and some have already launched such assets. Central banks believe their stablecoins

The Turkish government plans to establish a central depository bank to eliminate counterparty risk in transactions with cryptoassets, as well as introduce capital requirements for cryptocurrency exchanges. According to Bloomberg, citing a senior official familiar with the plans of the Turkish government, lawmakers plan to introduce new rules for participants in the cryptocurrency industry. The source announced the government’s plans to create a central custodian bank to eliminate counterparty risk following the collapse of two

American investment bank JPMorgan, Singapore bank DBS and investment firm Temasek are preparing a blockchain platform for international payments and interbank transactions. The new company Partior will operate the platform. The blockchain will be used to digitize currencies and cross-border transfers. This will help make international payments almost instant and noticeably cheaper, as well as simplify currency exchange. It is planned to use the results of the previous joint work of JPMorgan and Temasek in

The Indonesian Futures Market Supervisory Board (Bappebti) has proposed a tax on all cryptocurrency transactions on regulated exchanges domestically. The proposal is pending, as the tax rate has not yet been determined. However, later Bappebti intends to discuss this initiative with the tax authorities of Indonesia. The chairman of the Indonesian Association of Cryptocurrency Traders, Teguh Kurniawan, has already reacted to this information by recommending a rate of 0.05%. In his opinion, high taxes can

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 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