South Korea is looking to amp up regulations to prevent unfair trade in the industry. As such, the Financial Services Commission issued instructions to five major crypto exchanges in the country to delist and classify digital assets that have similar properties to that of securities. The implosion of the once-prominent Terra ecosystem tokens was the...Read More
The government of the United Kingdom is willing to strengthen the rules on the local cryptocurrency sector to prevent another adverse event like the FTX collapse. The recently-appointed Prime Minister – Rishi Sunak – is known as an advocate of blockchain technology, arguing the country should emerge as “a global cryptoasset technology hub.” People’s Protection...Read More
Cathie Wood’s flagship ETF – the ARK Innovation Fund – performed better in January than in any other month since it launched in 2014. This comes after a brutal down year for the fund, which focuses on long-term investment in disruptive technologies – including the crypto industry. ARK Bounces Back In January, ARK registered a...Read More
Lebanon is adopting a new official exchange rate, devaluing its local currency by nearly 90%. The new rate is set at 15,000 Lebanese pounds against the U.S. dollar, according to a January 31 report, which cited a statement from the country’s central bank governor, Riad Salameh. This marks a significant shift from the old rate...Read More
Legal counsel representing Celsius’ Official Committee of Unsecured Creditors has refuted recent claims that submitted bids for the crypto lender’s assets were rejected. Last week, crypto journalist Tiffany Fong claimed she received documents detailing the bids on Celsius’ crypto assets, which “for the most part, abandoned.” According to Fong, Binance, Bank to the Future, Galaxy...Read More
The crypto market is currently flashing a mixed signal where most of the large cap cryptocurrencies have turned red. However, the first two cryptocurrencies, Bitcoin and Ethereum, are still holding on to their crucial level of $23,000 and $1,500 area. At the time of writing, Bitcoin has dropped 0.15% and is now trading at $23,082. Meanwhile,...Read More
2022 can easily be considered the worst year when it comes to securing cryptocurrencies, as projects suffered a series of devastating hacks and exploits. According to the latest Chainalysis report shared with CryptoPotato, $3.8 billion was stolen from cryptocurrency businesses, with decentralized finance (DeFi) being the primary target. March and October saw huge spikes, with...Read More
[PRESS RELEASE – Please Read Disclaimer] Learn from the best collective experiences and insights from some of the world’s most successful blockchain companies on navigating the evolving web3 space. Feb 1, 2023 — Israel’s most successful web3 businesses have come together to organize the first annual ETHTLV, which will run from February 1 to 9...Read More
Ethereum price has been maintaining a significant strength and consolidating heavily along the interim resistance. The trend currently appears to remain capped below $1650 but also flashes bullish signals that may uplift the rally in the coming days. The price slipped below $1600 after the fresh trend reversal and is failing to reclaim the position...Read More
[PRESS RELEASE – Tel Aviv, Israel, 31st January 2023] Addressable, an innovative end-to-end solution for Web3 marketing, announced today that it secured $7.5 million in a seed funding round, led by Viola Ventures and Fabric Ventures, with participation from Mensch Capital Partners and North Island Ventures. The funding will be used to accelerate adoption and...Read More
[PRESS RELEASE – New York, United States, 31st January 2023] BNB Chain decentralized exchange Biswap has published its 2023 roadmap, which includes a number of proposed improvements and upgrades. It includes details of a new AMM, route optimization, and perpetual trading. Take a look at the main Biswap benefits: https://biswap.org/. A new AMM protocol with...Read More
[PRESS RELEASE – South Bend, Indiana, 31st January 2023] Leading enterprise blockchain solutions provider SIMBA Chain announces it has been selected for a $30M STRATFI with the U.S. Air Force (USAF), following up on multiple projects the company has completed for the military branch in recent years. The USAF STRATFI is focused on identifying and...Read More
The Zhejiang public testnet is going live on Feb. 1 at 15.00 UTC, according to an Ethereum developer who posted the update on Jan. 31. The testnet will give users a first taste of the withdrawal process and network functionality after the Shanghai upgrade, which is slated for March. However, users won’t actually be able...Read More
Former FTX CEO Sam Bankman-Fried tried to organize an in-person meeting with its current CEO John Ray weeks after being charged with fraud. According to newly released emails filed by Federal prosecutors on Monday, Bankman-Fried said he wanted to be helpful to the asset recovery process where he could. On December 30, he asked whether...Read More
Japan’s largest conglomerate – Toyota Motor Corporation – will sponsor the world’s first global Web3 hackathon. Polkadot’s leading parachain, Astar Network, has been roped in to make Web3 use cases for Toyota’s employees. According to the official press release shared with CryptoPotato, the car giant is looking to embrace the Web3 space in a bid...Read More
