Month: June 2022

Chainalysis launches reporting service for businesses targeted in crypto-related cyberattacks

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Blockchain analytics firm Chainalysis has launched a reporting hotline for incidents of hackers demanding cryptocurrency payments from platforms or companies. In a Wednesday blog post, Chainalysis said its ‘Crypto Incident Response’ hotline would operate 24/7 for victims of a “hack, ransomware attack, code exploit, or flash loan attack” in which “cryptocurrency funds are either demanded or stolen.” The company attributed the launch of the reporting service to crypto-related ransomware attacks presenting “national security concerns” as well as potentially undermining confidence in the crypto industry. According to Chainalysis, hackers were responsible…

Bit Digital Production Slump Continued Into Q1, Strikes Deals With Coinmint, Riot to Increase Hashrate

Bit Digital has moved to recover its hashrate in the second quarter of the year. On June 7, it signed a colocation agreement with Coinmint, leasing hashrate for at least one year. Under the deal, Bit Digital will pay for operating costs, including electricity and a fee of 27.5% of profit to Coinmint. On June 9, it signed a hashrate swap agreement with Riot Blockchain (RIOT), under which Bit Digital’s factory-new miners were swapped for Riot’s operational machines, hosted at a Coinmint facility in Massena, New York. BTBT will receive…

UNI Moves Into Top 20, as SHIB Hits Highest Point Since May – Market Updates Bitcoin News

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Uniswap moved into the crypto top 20 on Wednesday, relegating MATIC, after surging by over 10% today. UNI has now gained for four straight sessions, as it approaches a key resistance point. SHIB was once again higher today, with prices hitting their highest point since May. Uniswap (UNI) UNI was trading higher for a fourth consecutive session on Wednesday, as the token broke into the top 20. Following a low of $4.43 on Tuesday, UNI climbed higher today, hitting an intraday peak of $5.14. This move saw the world’s 19th…

Korea Blockchain Week to Hold First Live Event in Seoul After Covid Hiatus

Seoul, South Korea, 23rd June, 2022, Chainwire   Korea Blockchain Week 2022 (KBW2022) is holding its first live event since the dawn of the Covid-19 pandemic in 2020, finally bringing the most respected leaders in the blockchain field to Seoul, on August 7-14, 2022. KBW2022 will take place in the heart of Seoul at the InterContinental Grand Seoul Parnas between August 7th-14th. Hosted by FactBlock and co-hosted by Hashed in partnership with ROK Capital, the highly anticipated event will see many speakers from leading L1 ecosystems, dApps, games and venture…

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Crypto Exchange dYdX to Start a Standalone Blockchain

“…a major benefit of Cosmos is that the chain can be developed to suit the exact needs of the dYdX network. One application of this is that traders would not pay gas fees to trade, but rather pay fees based on trades executed similar to dYdX V3 and centralized exchanges. These fees would accrue to validators and their stakers,” the post read. Source

Shopify unveils tokengated commerce as part of new connect-to-consumer experience

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As part of a new series of connect-to-consumer initiatives developed this year, Shopify will allow merchants to connect with fans and drive sales by creating exclusive merchandise for tokenholders. The initiative, dubbed “tokengate,” is available in early-access beta mode. Tokengated Experiences Ready to give superpowers to your most loyal fans? Build even stronger communities around your brand and reward your people by unlocking exclusive shopping experiences. Think limited-edition merch drops, discounts, and much more (oh hey @doodles). pic.twitter.com/gyq5iu2GRH — Shopify (@Shopify) June 22, 2022 To get started, vendors can create…

Digital Dollar Would Secure Greenback as Global Reserve Currency, Lawmaker Argues

“A U.S. CBDC would have advantages over privately issued stablecoins and crypto‐assets, most notably the ability to be backed by the full faith and credit of the U.S. government, like traditional cash, and would provide holders with a degree of safety that may not be offered by privately issued stablecoins because of the risk associated with sponsors’ reserves,” the document said. Source