Month: March 2022

Axie Infinity Loses $620 Million After Hacker Compromised Ronin Validators – Bitcoin News

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According to Sky Mavis, the creators of the blockchain NFT game Axie Infinity, the Ronin network has been attacked, and a hacker has managed to siphon 173,600 in ethereum and 25.5 million usd coin (USDC). The attacker has obtained roughly $620 million worth of crypto assets, and the Ronin bridge and Katana Dex have been paused. The Largest NFT Blockchain Game Axie Infinity Suffers From a $620 Million Hack The largest non-fungible token (NFT) blockchain game, Axie Infinity, has suffered from an attack on Tuesday after the Ronin network validators…

Europe’s Landmark Crypto Regulation Is Advancing, but New Privacy Rules May Be More Important

MiCA seems to be moving forward. If implemented, it promises to dramatically streamline the launch process for crypto companies trying to set up shop in more than one of the European Union’s 27 member nations. However, separate from MiCA, another set of proposed rules that will be voted on this week promise to make using crypto a bit more difficult for companies and users. Source

Binance launches Binance Bridge 2.0 to integrate CeFi and DeFi

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On March 29, centralized cryptocurrency exchange Binance announced the rollout of Binance Bridge 2.0. The feature enables users to bridge assets from any blockchain, including from tokens not listed on the Binance app, to the BNB Chain. Bridged tokens listed on Binance will be stored in the Funding or Spot Wallet, while unlisted bridged tokens will be transferred to the Funding Wallet only. Users can bridge-in or bridge-out tokens between their native blockchains and BNB Chain via regular deposit and withdrawal functions. In the future, Binance also plans to create…

Wonky Mars Protocol launch shows ecosystem expansion may not add to network value

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New protocols are launching every day on different networks in the crypto space and the trend is likely to continue through this year. When looking at the top five networks by total value locked (TVL) — Ethereum (ETH), Terra (LUNA), Binance Smart Chain (BSC), Avalanche (AVAX) and Solana (SOL) — according to data from DeFiLlama, Ethereum have 579 protocols (including L1 and L2); Terra has 25, BSC has 348, Avalanche and Solana have 187 and 64 protocols, respectively. The low number of protocols and high TVL from Terra surely stand out as…

West Ham United Announces Fetch.ai as their Official Artificial Intelligence Partner

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Fetch.ai is West Ham United’s exclusive official artificial intelligence partner and the premier league’s giant non-exclusive Official Global Partner. Under the deal, Fetch.ai has also been designated as West Ham United Women’s football club’s non-exclusive official partner. Through this partnership, Fetch.ai and West Ham United will leverage and promote the impact of artificial intelligence in enhancing businesses and daily lives. Fetch.ai Brand to be Displayed in West Ham United LEDs Subsequently, West Ham United will promote the Fetch.ai brand and its products in their mega London Stadium on their LED…

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WAVES up 50% on Tuesday, as RUNE and LUNA Move Higher – Market Updates Bitcoin News

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WAVES was undoubtedly Tuesday’s biggest gainer, climbing by as much as 50% during the session. Gains in WAVES came as well, as LUNA once again overtook SOL as the world’s eighth-largest cryptocurrency. RUNE was also a big mover today. WAVES WAVES was easily the biggest gainer during Tuesday’s trading session, as it rose to a new all-time high. This was the second consecutive session in which WAVES rallied, further cementing itself as the world’s 32nd largest crypto. Today’s peak saw WAVES/USD surge to an all-time high of $53.81, following a…

CFTC looks at expanded authority to regulate crypto, for less than a 10% budget increase

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The U.S. Commodity Futures Trading Commission, or CFTC, has released its Fiscal Year 2023 (FY2023) budget request, seeking $365 million. This marks a 9.9% increase over the previous year and 20% over FY2021. The commission regulates the country’s derivatives market and has been increasingly active in recent years in policing financial products that incorporate cryptocurrencies.  According to the agency’s request document, the CFTC focuses on digital asset custodian risk, ensuring secure storage, as well as on accounting. The agency has its own staff of certified public accountants due to the…