Blockchain

Crypto exchange Binance has been accused of “blatantly” copying the winner of the BNB Chain hackathon after launching Bicasso — an AI-based nonfungible token (NFT) creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them first prize in a BNB Chain hackathon held in Seoul from Dec. 17–19,

Binance, in cooperation with law enforcement agencies, is launching a campaign to prevent scams by issuing targeted alerts to potential victims, according to a March 3 blog post from the company. The project, called the “joint anti-scam campaign” was rolled out first in Hong Kong, and the company now intends to expand it into other

Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming that the product is the first in the country. The bank guarantee exceeds 100 million Chinese yuan — or nearly $144,600 at the time of publication.  According to a statement, the transaction was conducted through the Masterchain blockchain platform, the Russian

Decentralized storage networks are getting increasingly popular over mainstream centralized providers, such as Amazon Web Services, Google Cloud and Microsoft Azure. The primary reason for the shift is the low cost of operations and security. Some notable decentralized storage platforms are Filecoin, Sia, BitTorrent and Storj. Among these platforms, Storj has developed a new scalable

Jack Dorsey, co-founder of the online microblogging service Twitter, is progressing with Bluesky, a decentralized Twitter alternative, as its mobile application is now being tested in private beta. Bluesky has hit the App Store as an invite-only app, allowing certain persons to try out the new social experience by creating an account via an invite

Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors’ hope for a soft landing and the possible aversion of a recession

Texas’ State Securities Board and the Department of Banking are objecting to a proposed deal between Binance.US and bankrupted crypto lender Voyager Digital, shows a court filing from Feb. 24.  According to the document, Binance.US’s terms of service and restructuring plan contain a number of “inadequate” disclosures, including not informing unsecured creditors adequately that under the

United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25.  Speaking to Reuters, Yellen said that it was “critical to put in place a strong regulatory framework.” She also noted that the United States is not suggesting an “outright banning of

The Bank of Canada has released a working paper that examines lending protocols in decentralized finance (DeFi) with regard to sources of instability and their relation to crypto asset prices. Its findings point to potential ways to optimize DeFi lending platforms, or possibly the practical limits of decentralization. The authors of the paper, titled “On

Decentralized finance (DeFi) protocol Platypus disclosed details of a recent $9.1 million exploit, alongside efforts to recover the funds, and a compensation plan for victims. In a Medium post on Feb. 23, the company revealed that a logic error in the USP solvency check mechanism within the collateral-holding contract was responsible for the three separate

According to a press release on Feb. 22, Tencent Cloud, the cloud computing branch of Chinese internet giant Tencent, announced that it had concluded multiple agreements with blockchain firms to support the active development of the Web 3.0 ecosystem. Firstly, Tencent Cloud signed a memorandum of cooperation with decentralized blockchain infrastructure provider Ankr to jointly

Automated systems and blockchain technology are being increasingly utilized to improve the efficiency and accuracy of the carbon market, a critical component in the fight against climate change.   Cointelegraph spoke to Bill Kentrup about the role of blockchain technology in digitizing verifiable data in the carbon market. Kentrup is the head of origination and co-founder

Bitcoin (BTC) rose more than 11% last week and is trading near the pivotal resistance at $25,000. Monitoring resource Material Indicators highlighted in its latest update that large volume traders were “thinning” overhead resistance, which could spark a rally. As the prices rise, retail traders may get sucked in and the whales could use this

South Korea’s “Kimchi premium” has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges. The phenomenon is named after the Korean dish kimchi. The Kimchi premium refers to when the price of Bitcoin (BTC) trades higher on South Korean exchanges than in other markets. According

The iconic wolf skull logo of Bored Ape Yacht Club (BAYC), Yuga Labs’ premier nonfungible tokens (NFTs) collections, was allegedly illegally trademarked without proper licenses. The image was originally released by a company specializing in drawing tutorials for children and beginners. NFTs were introduced to the world to help solve the illegal use of intellectual

The CEO of Custodia Bank Caitlin Long has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector, and also for ignoring her warnings of major “fraud” allegedly conducted by now-bankrupted entities. In a Feb. 17 blog post titled “Shame On Washington, DC For Shooting A Messenger Who Warned of

The United States Securities and Exchange Commission has announced a $1.4-million settlement with former NBA player Paul Pierce for allegedly promoting a token project on social media. In a Feb. 17 announcement, the SEC said Pierce touted EthereumMax (EMAX) tokens through social media channels without disclosing he had received payment for the promotion and made

According to a press release published on Feb. 16 by Norway’s National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim), authorities have seized 60 million Norwegian Kroner ($5.85 million) in stolen cryptocurrencies linked to the Axie Infinity Ronin Bridge hack last March. According to senior public prosecutor Bender,  “Økokrim is good at