UNION, a defi risk management firm, raised $3.9 million in a funding round, which drew participation from several crypto trading companies and venture capital firms. Some of the key firms that led the funding round include 3 Commas, Solidity Ventures, AAM, Spark Digital Capital, Alameda Research, Black Edge Capital, and Alpha Chain. Decentralized finance was […]
Category: STO News
Crypto Custodian Hits Regulation Milestone; Anchorage Receives a SOC 1 Type 1 Attestation Report from Ernest & Young (EY)
Anchorage, the U.S domiciled crypto custodian, announced that it had obtained a SOC 1 Type 1 report having completed an assessment. This audit was done by Ernest & Young (EY), one of the big four auditors in the world. According to Anchorage’s announcement on Nov 10, the milestone will be a big boost to its […]
DeFi Hacks Rise from Trivial to $98 Million in 2020: CipherTrace Report
In the last 10 months of 2020, losses from cryptocurrency hacks, thefts, and frauds have declined a good $1.8 billion compared to last year. But at the same, the crimes in the “decentralized finance” (DeFi) sector jumped. Crypto crime reached $4.5 billion globally in 2019, as per the report from crypto intelligence company CipherTrace. “What […]
KuCoin Co-Founder: We Have Recovered 84% Of The Stolen Funds From The September Exchange Hack
Crypto exchange, KuCoin, has now recovered approximately 84% of the stolen $281 million worth of crypto assets following a hack in September of this year. This means that the exchange has recovered about $236 million. KuCoin’s co-founder, who is also the exchange’s CEO, Johnny Lyu, revealed the news through a tweet. Lyu explained that the […]
Gemini Exchange Is Developing A Wrapped Filecoin Token (wFIL) for Ethereum; Backed 1:1
Winklevoss-backed exchange is building a wrapped Filecoin (wFIL) on the Ethereum network. Users can withdraw and convert Filecoin (FIL) to wFIL on a 1:1 ratio. Gemini cryptocurrency exchange is working on the launch of an Ethereum-based Filecoin (FIL) token – wrapped Filecoin (wFIL). The exchange is currently looking for developers interested in adding wFIL to […]
Ethereum Undergoes ‘Unannounced Hard Fork’ After Infura Goes Down
Ethereum infrastructure provider Infura is currently down. As per the latest update on Nov 11, 12:37 UTC, Infura has been deploying the fix, and service is getting back to normal. It has been at Nov 11, 08:12 UTC that Infura first reported a service outage with the root cause traced to “several components within our […]
Turkish Football Club to Launch a Fan Token by the End of 2020
İstanbul Başakşehir partners with Chiliz to launch a fan token on blockchain-based fan voting app socios.
OMG Network flashes sell signal as bears look to take charge
OMG/USD price is above $3.40 but could drop to lows of $3.00 as suggested by the TD sequential indicator. OmiseGO (OMG) is up 7.7% in the past 24 hours and the bulls look to strengthen above a crucial resistance level. However, the technical picture suggests that the price of OMG Network’s token could slip to […]
2019 Hacked Exchange, DragonEx, to Roll Out New DWQ Token to ‘Temporarily’ Resume Withdraws
DragonEX, a Singapore-based cryptocurrency exchange that was hacked in March of 2019, has been rebuilding its exchange and recouping losses from the hack. Back in October, the exchange was forced to stop deposits and withdrawals. DragonEX has now introduced a temporary solution to its issues. In an update, the exchange announced it would resume withdraws […]
Bitcoin SV Multisig Wallet, ElectrumSV, Exploited; Putting Real Users’ BSV In Jeopardy
Bitcoin SV has a critical bug in its multisig wallets, putting “zillions of funds” in jeopardy. No real funds have been lost, a statement on Reddit reads. Users are warned against sending BSV tokens to the ElectrumSV multisig contract. A Reddit post by former Blockstream developer and co-founder Gregory Maxwell states that Bitcoin SV’s multisig […]
