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Blockchain
Beijing’s Chaoyang District to Invest RMB 100 Million Annually to Foster Web 3.0 Ecosystem
In the Web 3.0: Future Internet Industry Development Forum held today at Zhongguancun, Yang Hongfu, the director of Zhongguancun Chaoyang Park Management Committee, announced a significant development plan. Starting this year, Beijing's…
US Bank Regulators Confess Mistakes
In the aftermath of a string of high-profile bank collapses in the United States, regulatory agencies are acknowledging the errors they have made. Internal evaluations of how each organization dealt with Signature Bank and Silicon Valley…
Cryptocurrency Phishing Attacks Rise by 40% Year-on-Year in 2022
Cryptocurrency-related cyberattacks have seen bad actors shift their focus from traditional financial threats to phishing. Kaspersky has revealed a 40% year-on-year increase in cryptocurrency phishing attacks in 2022, with 5,040,520…
Bittrex to Shut Down U.S. Platform
Cryptocurrency exchange Bittrex will close its U.S. platform on April 30, according to an announcement from the company on Friday. After nine years of operation, Bittrex co-founder and CEO Ritchie Lai stated that the current U.S.…
Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation
Animoca Brands, a venture capital firm and Web3 game developer, has refuted recent claims that it has scaled back its metaverse fund target by $200 million, or 20%, amid volatility in the crypto market and instability in the banking…
DeFi Hacker Returns $5.4M to Euler Finance
On March 18, Euler Finance, a decentralized finance (DeFi) platform, received a surprising gift from the hacker who had drained $197 million from the platform just a few days earlier. The attacker returned 3,000 ETH ($5.4 million) to Euler…
Aave Freezes Stablecoin Trading Amid Price Volatility
Aave, a popular lending protocol in the decentralized finance (DeFi) space, has taken action to mitigate the impact of recent price volatility in the stablecoin market. On March 11, the price of USD Coin (USDC), a commonly used stablecoin,…
UK’s Bank Regulator to Propose Rules for Digital Asset Issuance
The United Kingdom's Prudential Regulatory Authority (PRA) has announced plans to propose a set of rules for the issuance and holding of digital assets. The decision comes as the use of digital assets continues to grow and evolve globally,…
FTX Japan Loses Thousands of Users After Resuming Withdrawals
Following the resumption of withdrawals on February 21st, the Japanese unit of the defunct cryptocurrency company FTX has stated that thousands of customers have transferred their business elsewhere.
FTX Japan said in a statement made on…
Helium Network to Migrate to Solana Blockchain
In an effort to increase both its scalability and its dependability, the communications protocol Helium Network has set the date of March 27 as the target for its transfer to the Solana blockchain and the deployment of Oracles.
The current…