Month: May 2023

Binance sets foot in southeast Asia, collaborates with Gulf Energy in Thailand

The world’s largest crypto exchange Binance has acquired the first license to expand its business to Southeast East through a joint venture with Gulf Energy that starts in Q4 2023. Binance in Bangkok The digital asset market in Thailand is likely to change due to the arrival of the top cryptocurrency in the world in trading volume. The Securities and Exchange Commission of Thailand on May 26 ratified the joint operations between Binance and Gulf Energy development to run a digital asset and brokerage exchange. The license is the first…

Top US Crypto Exchange Coinbase Launches Trading Support for Cosmos-Based DeFi Altcoin

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Coinbase customers can now trade the Cosmos (ATOM)-based decentralized finance (DeFi) altcoin Osmosis (OSMO). The top US crypto exchange added support for the altcoin under its “Experimental Label,” a designation it established for riskier, lower liquidity tokens. Osmosis is an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK). It aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC). Osmosis’ native governance token, OSMO, is trading at around $0.5986 at time of writing. The 110th-ranked crypto asset by market cap is down 0.6% in the…

Ripple CTO debunks claims on XRP Ledger’s governance

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied David Schwartz, XRPL architect, and current Ripple CTO, has revealed new information on the XRP Ledger’s governance, emphasizing its decentralized nature. XRPL’s decentralization questioned A recent claim surfaced during the debate on the XRP Ledger decentralization, bringing concerns to the community. The discussion revolved around the role of the XRPL foundation (XRPLF) in validating definitions within the default Unique Node List(dUNL), a highly relied-on XRP Ledger nodes list. Schwartz has responded to these claims. He highlighted…

Cronos Labs launches second cohort of $100M Web3 accelerator

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Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding opportunities.  According to an announcement sent to Cointelegraph, Cronos Labs handpicked eight projects to participate in their accelerator program. Each of the selected projects — namely Omnus, DeMe, Furrend, Solace, Sakaba, Eisen Finance, Earn Network and CorgiAI — received upfront seed funding of $30,000 to commence a 12-week program. The chosen projects…

The Sandbox CEO’s Twitter was hacked, used to promote alleged ‘airdrop’ scam

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Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake “airdrop” phishing scam. In Madrid’s post, he warned Sandbox users that they should “never click on any link that promote Airdrop or URL and look SCAMMY – and not 100% using our proper and unique URL/domain name : http://sandbox.game.” My Twitter was hacked today.…

World Economic Forum offers guidance on global crypto regulations

The WEF has released a comprehensive report suggesting global guidelines to regulate the complex and rapidly-evolving crypto industry, emphasizing the need for harmonized regulations to ensure market stability and investor protection. The World Economic Forum (WEF) has released a significant study on the challenges and opportunities surrounding international cryptocurrency policy. The report, titled “Pathways to the Regulation of Crypto-Assets,” asserts that the present-day regulatory landscape is too disjointed to effectively safeguard markets and investors. The WEF argues that crypto’s unique, decentralized structure means that traditional financial protections may not apply…

ECB sums up digital euro prototyping exercise as it nears possible pilot launch

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The European Central Bank (ECB) has published a summary of the results of its digital euro central bank digital currency prototyping exercise. The exercise investigated offline use of a simulated digital euro and four other instances of interoperability with existing payments systems. The project was part of the second phase of Eurosystem preparations for a potential pilot launch of a digital euro in the fall of this year. The exercise ran from July 2022 to February 2023. Eurosystem developed a centralized settlement engine for the exercise called N€XT that used…

Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulence

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Chinese Bitcoin mining company Canaan reported slight improvements in some of its financial metrics in the first quarter of 2023. The progress, however, is still far behind where it was last year in this period. According to an unaudited report posted on its investor relations page, Canaan’s net loss was at $84.4 million in Q1, lower than its $91.6 million net loss in the previous quarter. The net loss represents a major reversal compared to the same period of 2022, when the firm reported a net income of $65.1 million.…

A16z releases anonymous voting system for Ethereum

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Venture capital fund Andreessen Horowitz, also known as A16z, has released a Solidity library that can be used for anonymous voting on Ethereum. Called “Cicada,” the library prevents an individual voter’s choice from being known before polling ends. When combined with zero-knowledge group membership systems like Semaphore, it can also make the identity of the voter permanently unknowable, according to a May 24 blog post from A16z engineer Michael Zhu. Excited to announce Cicada: a new building block for private on-chain voting. https://t.co/hxE4KL4Se6 — moodle zoup (@moodlezoup) May 24, 2023…