Month: May 2023

Worldcoin Emerges as Largest Deployer of Safe Wallets on Polygon Blockchain, Onboards 1.2 Million Self-Custodial Safe Smart Accounts

Worldcoin, the cryptocurrency project led by Tools for Humanity, has achieved significant milestones in its mission to drive adoption and empower users within the blockchain space. As reported on their official Twitter account, World App has emerged as the largest deployer of Safe wallets on the Polygon(Matic) blockchain. This achievement highlights the platform’s dedication to facilitating secure and self-custodial transactions. Additionally, a tweet from Worldcoin states that they have successfully onboarded an impressive 1.2 million self-custodial Safe Smart Accounts, further solidifying their position as a key player in the blockchain…

NASDAQ congratulates Ripple on Metaco’s acquisition, fuels IPO rumors

NASDAQ, one of the largest stock exchanges by volumes in the United States, has congratulated Ripple, the blockchain payments company, following its acquisition of Metaco, a Swiss-based crypto custody platform. In a tweet shared by Metaco on May 28, NASDAQ applauded Ripple though crypto users read more from the broker’s decision to publicly congratulate the embroiled Brad Garlinghouse-led blockchain company. The stock exchange’s message is also fueling rumors of a potential Initial Public Offering (IPO) and listing in the future. Source: Metaco on Twitter On May 17, the San Francisco-based…

BONE surges 21% with rising Shibarium utility

Shiba Inu’s governance token, BONE, has saw a 21% price surge over the last week, solidifying its position above prominent dog-themed cryptocurrencies such as dogecoin and shiba inu. As the utility of the Shibarium network continues to grow, BONE’s gains highlight the value of its increasing utility. Growth ahead The BONE token has been on a steady ascent since May 21, gradually recovering from its low point of $0.699. However, on May 22, the token experienced a significant boost in value as buyers entered the market, resulting in a substantial…

Hacker drops control over Tornado Cash as they use it to wash stolen funds

A hacker who recently took over the cryptocurrency mixer Tornado Cash has given up control while still using the protocol to launder the digital tokens stolen in the attack. Hacker uses Tornado Cash to wash stolen tokens In the incident, the attacker obtained 483,000 TORN coins, the protocol’s native currency, and later converted a sizable amount of the loot into ETH.  This was due to exploitation of a weakness in the Tornado Cash governance system, which is generally run by the crypto community. The user has also reportedly used the…

Over $250m worth of OP tokens set to enter circulation

A substantial number of $OP tokens, totaling 154.6 million ($252 million), will be unlocked within a day, making them accessible for trading or transfer. This represents approximately 3.6% of the total supply and a significant 46% of the circulating supply. $252 million in circulation According to a tweet from @lookonchain posted on May 29, 2023 154.6 million $OP tokens, valued at $252 million, which were previously restricted or held, will become available for use or circulation, a total of 3.6% of the total supply. Optimism Locked Charts| Source: @lookonchain Twitter Out of…

BKEX suspends withdrawals amid money laundering probe

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BKEX, a cryptocurrency exchange, has suspended withdrawals of user funds as it looks into claims that the platform was used for money laundering. BKEX partners with authorities to investigate the situation The British Virgin Islands-based cryptocurrency exchange BKEX revealed on May 29 that its system could have been exploited for money laundering. The exchange suspended withdrawals and promised to assist law enforcement with the inquiry. The exchange stated that it is currently collaborating with law enforcement…

Bitcoin critic Peter Schiff to launch NFT collection with ordinals

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Peter Schiff, a long-time critic of cryptocurrencies and a vocal detractor of NFTs, is preparing to launch his own NFT art on the bitcoin blockchain. According to a tweet sent out on May 26, the release will be done in collaboration with the artist Market Price. Not backed by gold Peter Schiff, the CEO and chief strategist of Euro Pacific Capital, has been known for his unwavering belief in the value of commodities such as gold,…

Crypto Exchange BKEX Suspends Withdrawal to Aid Money Laundering Probe

boss

Cryptocurrency exchange BKEX has frozen customer withdrawal on its platform to cooperate with police investigation into alleged money laundering by some of its users. The exchange on Monday said it decided to halt withdrawal in order to aid authorities in collecting evidence. “The team will actively work with the relevant authorities to resolve the current issues faced to ensure that the rights of our users are protected to the greatest extent possible,” BKEX said in a statement on its blog. #BKEX Announcement on Suspension of Withdrawals – Details: https://t.co/gDh6Z3bg9apic.twitter.com/EMTEuU2DDO —…

Laos government reportedly prioritizes blockchain technology for digital transformation

On May 26, the Laotian government reportedly hosted the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation in the country’s capital, Vientiane. The conference, which was led by Laotian Prime Minister Sonexay Siphandone, was attended by blockchain experts and various leaders from the main economic departments within the country.  Blockchain 4.0 is revolutionizing #Laos. It’s driving financial inclusion, fostering transparency, and enhancing security in transactions. Smart contracts and decentralized finance are opening new avenues for growth. Truly, a game-changer for the nation’s economy. #MetaBankLaos… pic.twitter.com/oyaAKzFNjk — MetaBank (@MetaBankSG) May 27,…