Cryptocurrency Analysis and News Portal
Another centralized exchange (CEX) bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the ongoing banking system crisis, and even a probe, as reasons for its cash flow problems.Also facing
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance is preparing to roll out a new product that would enable non-fungible token (NFT) holders to borrow crypto against NFT assets. Binance NFT loan supports only ethereum borrowing Crypto exchange giant Binance will launch the Binance NFT
Read More
Gate Group has established its presence in Hong Kong by launching Gate.HK, a holistic virtual asset trading facilitator. Gate Group recently launched a new virtual asset trading platform in Hong Kong to provide top-notch service quality to users. The new Hong Kong service, Gate.HK, opened for registration and trading services on Tuesday,
Read More
"As blockchain has matured, it’s become clear that one size does not fit all," he said. "Because AvaCloud-powered blockchains are able to customize validator requirements like KYC and privacy, industries with strict regulations can benefit from blockchain tech. This opens the door for TradFi adoption, HIPAA compliance, government programs and
Read More
WaaS (Wallet as a Service) reportedly employs cutting-edge multi-party computing (MPC) technology to safeguard the private keys of its users. Coinbase has announced that it released and launched a new Web3 wallet solution dubbed “Wallet as a Service” (WaaS) on the Ethereum mainnet. The new service, a version of the
Read More
After a strong community backlash, Ledger announced that they have already open-sourced part of the Ledger code. Crypto hardware wallet provider Ledger recently announced that it be delaying the launch of its key-recovery service. This measure comes following strong criticism from the crypto community. Ledger CEO Pascal Gauthier wrote to all Ledger
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ledger has decided to postpone the launch of its private key recovery service after facing strong criticism from the crypto community, citing concerns over potential security vulnerabilities and the need for more transparency. Hardware wallet company Ledger
Read More
Last week, Ledger announced the service, called Ledger Recover, which will allow users to store encrypted backups of their seed phrases with a set of three custodians. Ledger owners will then be able to restore their private keys even if they lose or forget their seed phrases. The opt-in feature
Read More
After five years of service, Hotbit joins Paxful and Bit4You to exit the crypto market. Hotbit, a centralized cryptocurrency exchange (CEX), has suspended its business operations. The company announced the decision on May 22, 2023, citing several factors including the change in crypto market trends, the depegging of stablecoins from their
Read More
A new scam as a service called “Inferno Drainer” has reportedly stolen nearly $6 million from unsuspecting crypto users, according to Web3 scam detecting firm Scam Sniffer. Inferno Drainer reportedly advertises that it provides ready-to-go code to scammers, allowing them to steal crypto in exchange for a 20% cut of
Read More