Binance, one of the world’s largest cryptocurrency exchanges, has been making headlines recently due to the rise of its co-founder, Yi He. As reported by the Wall Street Journal (WSJ), Yi He holds at least a 10% share in Binance’s Cayman Islands holding company, giving her significant influence over the marketing and investment sectors of
The Financial Conduct Authority (FCA) in the United Kingdom has introduced new financial promotions regulations that will be enforced starting from January 8. As a response to this regulatory change, Coinbase UK, a prominent cryptocurrency exchange, has begun asking its users to complete a risk-acknowledgment form. This form aims to ensure that users understand the
The decentralized finance (DeFi) space has been the target of several high-profile exploits recently, highlighting the need for robust security measures. One of the latest victims is Gamma Strategies, a DeFi protocol built on the Ethereum blockchain. This article will delve into the details of the exploit, the response from Gamma Strategies, and the lessons
The rapid advancement of artificial intelligence (AI) technology has raised concerns about its potential risks and impact on society. In response to these growing concerns, Senator Steve Padilla (D-San Diego) has proposed two bills, Senate Bills 892 and 893, aimed at establishing a robust and ethical AI framework in California. This article critically analyzes Senator
In a recent statement, leading cryptocurrency exchange Binance announced that it is considering delisting three privacy tokens, namely Zcash (ZEC), Monero (XMR), and Horizen (ZEN). The exchange displayed a “Monitoring tag” on these tokens, along with other digital assets such as Aragon, Firo, Keep3rV1, MobileCoin, Reef, and Vai. The decision made by Binance, coupled with
Japan recently experienced a catastrophic earthquake that severely impacted its West Coast. This natural disaster has prompted several Web3 companies in the country, such as Astar Network, Oasys, and Fracton Ventures, to take immediate action and launch relief efforts. So far, these companies have managed to raise over $100,000 to provide support to the affected
In a surprising turn of events, Matrixport, a leading crypto financial services platform, recently published two contrasting articles on the future of Bitcoin. These conflicting viewpoints generated a wave of controversy within the crypto community and sparked discussions about market manipulation. The articles, which projected both bullish and bearish scenarios, had immediate implications for the
Cross-chain lending protocol Radiant Capital recently fell victim to a devastating hack, resulting in the loss of 1,900 ETH, equivalent to approximately $4.5 million. This incident has sent shockwaves through the decentralized finance (DeFi) community, raising concerns about the security of such protocols. The hack occurred just six seconds after the activation of a new
Bitcoin’s recent sink to around $40,500 sparked rumors of a possible rejection for a spot Bitcoin ETF, which caused the entire crypto market to plummet. Even Hedera Hashgraph’s HBAR token, which had hit a new multi-year high recently, was not immune to the selloff. This article will analyze the current state of HBAR and determine
The ascent of Tether’s total assets has been nothing short of remarkable. Over the span of six years, the company has witnessed a stunning rise, bringing its current figure to an impressive $95.2 billion, as outlined in its transparency report. The majority of this sum, around $92 billion, is held in Tether’s dollar-pegged stablecoin, USDT.