Month: May 2023

South Korean prime minister calls for disclosure of crypto holdings by high-ranking officials

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South Korean Prime Minister Han Deok-soo is calling for the disclosure and registration of cryptocurrency assets by high-ranking public officials, a local news outlet has reported.  In a press conference held at the Sejong Government Complex on May 17, the prime minister reportedly emphasized the importance of including crypto assets in the property registration of high-ranking public officials. According to a Google-translated version of the report, Prime Minister Han told reporters that the issue of whether high-ranking officials should include digital currency in property registration “can be fully discussed and…

Ethereum dips as PEPE whales take profits

In the past week, ethereum’s price has seen a slight 4% dip, coinciding with PEPE whales taking profits, as the token dropped 20%. Over the past week, ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has seen a slight downturn in its value. According to CoinMarketCap data, ethereum, which stood at $1,879 seven days ago, is now valued at $1,796, marking a 3.97% decrease in its weekly valuation. 7-day ETH chart | Source: CoinMarketCap Simultaneously, a different story has been unfolding in the case of PEPE, a relatively lesser-known…

US Secret Service has an NFT collection: Nifty Newsletter, May 10–16

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In this week’s newsletter, read about the United States Secret Service’s nonfungible token (NFT) collection, and how Elon Musk’s tweet caused a surge in an NFT collection’s floor price. Check out how someone tried to sell an image for Bitcoin (BTC) months before the infamous Bitcoin Pizza Day, and learn about LG’s new patent for an NFT-trading TV. And don’t forget this week’s Nifty News, featuring the popular gaming franchise Assassin’s Creed revealing its “smart collectibles.”  Secret Service owns crypto, loves blockchain and has an NFT collection: Reddit AMA In…

Uniswap will deploy on Polkadot parachain Moonbeam

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The Uniswap crypto exchange will soon be available on Moonbeam (GLMR), a parachain of Polkadot (DOT), according to a May 17 approved proposal on the exchange’s governance forum. The proposal was put forward by educational group Blockchain at Michigan. It passed with near unanimous support, with only a single UNI token being used to vote against it. 1/ @Uniswap – the most popular decentralized exchange by daily traded volume – is coming to Polkadot via the @MoonbeamNetwork parachain, increasing volume & liquidity across the ecosystem! pic.twitter.com/lKaceLv6ce — Polkadot (@Polkadot) May…

Price analysis 5/17: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

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Bitcoin and most major altcoins are selling off on rallies, proof that investor sentiment remains negative in the short term. The United States stock markets are trying to recover on reports that the debt ceiling talks are showing promise and a debt default may be avoided. However, the same enthusiasm is not seen in the cryptocurrency markets. Bitcoin (BTC) slipped back below the $27,000 support on May 17, indicating that buyers are struggling to sustain the relief rallies. Institutional investors seem to be booking profits due to the macro uncertainty.…

LayerZero partners with Immunefi to launch $15M bug bounty

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Cross-chain messaging protocol LayerZero and security platform Immunefi have teamed up to launch a $15 million bug bounty program.  The program offers a maximum reward of $15 million for anyone identifying a vulnerability at the highest severity level. According to its terms and conditions, rewards are based on the Immunefi Vulnerability Severity Classification System and paid according to vulnerability impact.  LayerZero is an omnichain interoperability protocol that allows developers to interact with contracts across blockchains. In bug bounty programs, ethical hackers are rewarded for finding and reporting application vulnerabilities and bugs.…

Crypto.com adds Pay support for MATIC, USDC and DAI

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Singaporean cryptocurrency exchange Crypto.com recently launched an update to its DeFi wallet service enabling support for fiat-to-crypto purchases in more countries and three new tokens.  In a blog post published on May 16, the company announced the addition of Polygon (MATIC), USD Coin (USDC), and Dai (DAI) to Crypto.com Pay, a fiat-to-crypto on-ramp service enabling the purchase of cryptocurrency via credit or debit card. The trio of new tokens joins Bitcoin (BTC), Ether (ETH), and Crypto.com’s native CRO as the only tokens currently available for Pay purchase. CRO can now…

Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin

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Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion. Tether’s Strategic Shift: Profits to Fuel Bitcoin Acquisition Tether, the company behind the crypto economy’s largest stablecoin asset, has unveiled its strategic vision to acquire bitcoin (BTC) using its profits. “Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing bitcoin (BTC),” the…

DeFi Must Get Easier to Use to Win Over Retail Customers

The survey indicates permissionless DeFi trading still has a ways to go if it is to succeed in mass adoption. In order to trade on a service such as Uniswap, crypto users must have a wallet, sufficient ether (ETH) to execute and a willingness to pay sometimes-exorbitant gas fees. And that’s if they understand what they’re doing to begin with. Source