Tag: Report

SundaeSwap launches on Cardano but users report failing transactions

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Cardano’s first decentralized app (DApp) SundaeSwap has launched but is causing a frustration among users due to congestion, platform errors and failed transactions. Is it just a case of expected teething troubles under an influx of excited users or is there more to it? SundaeSwap is a decentralized exchange (DEX) and token staking platform. It’s mainnet launch today marks a milestone in the Cardano (ADA) ecosystem by being the first DApp of to utilize its smart contracts. The ADA price climbed 50% over the past week leading up to the…

FINRA Considering Changes to Crypto Regulations to Better Protect Investors: Report

The CEO of the Financial Industry Regulatory Authority (FINRA) said the self-regulatory body will look at potential changes to crypto regulations this year as crypto adoption grows, Barron’s reported, citing a virtual conversation with Securities Industry and Financial Markets Association (SIFMA) CEO Kenneth Bentsen Jr. on Wednesday. CEO Robert Cook said FINRA isn’t looking at making wholesale changes to current rules, but instead is planning to issue “an early-stage, concept release type of notice,” especially in the context of advertising and disclosure. “We’re not looking to regulate or fundamentally change…

Andreessen Horowitz Looks to Raise $4.5B for New Crypto Funds: Report

Andreessen Horowitz (a16z), a venture capital firm that has invested extensively in the crypto industry, is looking to raise $4.5 billion for new funds, the Financial Times reported. The firm told investors it is looking for $3.5 billion for a crypto venture fund, the FT said, citing people briefed on the discussions. That will surpass the $2.2 billion it raised in June for its Crypto Fund III, at the time the industry’s largest. It has targeted another $1 billion for a fund that will invest in seed funding for digital…

Multichain Hack Worsens as Loss of Funds Reaches $3M: Report

The saga started earlier this week when Multichain instructed its users to remove approvals for six tokens, warning that otherwise their assets would be exposed to a security vulnerability. The tokens were WETH, PERI, OMT, WBNB, MATIC and AVAX. Multichain tweeted on Tuesday that hackers had siphoned about $1.4M in wrapped ether from users. Source

US Senator’s Inflation Report Says ‘Its Only Going to Get Worse,’ Truflation Oracle Reveals True Inflation Rate – Economics Bitcoin News

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America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive coronavirus relief spending by Congress. Furthermore, a new decentralized method of measuring inflation has been introduced called Truflation, a tool that provides a “daily, unbiased, data-driven, real-market inflation rate.” Rand Paul’s Inflation Report Uncovers the…

EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report

Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA). Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining in an interview with the Financial Times. “The solution is to ban proof-of-work,” he said. “Proof-of-stake has a significantly lower energy profile.” The proof-of-work model involves miners using scores of powerful computers to solve complex mathematical problems in order to record transactions on the blockchain an be rewarded with…

Auditing Firms Claim Crypto.com Lost $15 Million in Incident as Users Report Suspicious Activity – Bitcoin News

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Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from security and blockchain auditing firms Certik and Peckshield indicate that some funds were removed from exchange wallets. Crypto.com Suspends Withdrawals After Suspicious Activity Reported Crypto.com, a cryptocurrency exchange, suspended normal withdrawal operations after customers reported having experienced suspicious activity regarding their accounts. In its first statements,…

European VC Blossom Capital Raises $432M For Investments in Tech, Crypto: Report

London-based venture capital (VC) firm Blossom Capital has raised $432 million to invest in early stage technology startups in Europe, including crypto, according to a Bloomberg report published on Tuesday. The VC has earmarked one-third of the funding for crypto investment, according to the report. “We aren’t looking to just invest in crypto assets, we are also eyeing equity stakes in early-stage companies developing crypto infrastructure,” founder Ophelia Brown said. One of Blossom Capital’s most notable investments in the crypto sphere is payments infrastructure company Moonpay. In November, Moonpay raised…

Pakistan’s Crime Agency to Ask Telecom Authority to Block Crypto Websites: Report

Pakistan’s Federal Investigation Agency (FIA), which investigates serious and organized crime, said it will ask Pakistan Telecommunication Authority (PTA) to block websites dealing in cryptocurrencies, according to a report by Dawn. The proposal is intended to counter fraud and possible money laundering by blocking crypto-linked websites, FIA Director-General Sanaullah Abbasi said at a press conference Saturday after meeting with officials of the State Bank of Pakistan (SBP). SBP has already submitted recommendations for regulating cryptocurrencies, Abbasi said. “Crypto has given a new dimension…