Author: Crypto Editor
The Financial institution of Korea, the central financial institution of South Korea, has by no means thought of the concept of diversifying its reserves with the assistance of Bitcoin, in response to a report by Korea Financial TV. It has acknowledged that Bitcoin doesn’t meet the requirements for inclusion within the reserves, with volatility being one of many fundamental considerations. Associated As reported by U.At the moment, some native trade leaders have urged the Democratic Social gathering of Korea (DP), the nation’s fundamental centrist-liberal social gathering, to reply to the U.S. cryptocurrency reserve initiative.Earlier this month, the world’s largest financial system just lately…
Layer-2 (L2) networks are coalescing round dominant tech stacks reasonably than working towards common requirements, analysis from onchain explorer Blockscout reveals.Talking with Decrypt in a video interview, Ulyana Skladchikova, head of product; and Kirill Fedoseev, head of analysis on the open-source explorer, revealed how a shift towards technical “clustering” is occurring, regardless of general transaction progress.”We see chains type of get collectively round some large gamers and set up interop inside these teams of chains,” Skladchikova mentioned.The OP stack, as an example, has emerged as a dominant participant within the L2 sector, with most networks utilizing its tooling, real-time information…
US President Donald Trump’s second ex-wife, Marla Maples, has proven help for ending the nation’s case in opposition to early Bitcoin advocate Roger Ver, referred to as “Bitcoin Jesus.”“Sharing extra re [regarding] the decision to dismiss the prosecution in opposition to Roger Ver,” Maples mentioned in a March 16 X publish, sharing a video created by a company aimed toward supporting Ver and tagging Trump, Elon Musk and US Legal professional Basic Pam Bondi.The Division of Justice charged Ver with mail fraud, tax evasion and submitting false tax returns in April 2024, alleging he hid the quantity of Bitcoin (BTC)…
Supply: The BlockOn a quiet February morning in 2024, cryptocurrency trade Bybit misplaced $1.46 billion in what would turn into the biggest crypto hack in historical past. However right here’s the twist: the attackers by no means broke Bybit’s code. As an alternative, they broke one thing way more susceptible — its folks.| Supply: Arkham IntelligenceThe hacker’s pockets displaying a staggering $1.37B in stolen belongingsWhen the mud settled, the injury was clear:499,395 ETH stolen (0.42% of all Ethereum)$1.46 billion complete loss4 important transactionsLower than 24 hours to executeHowever numbers solely inform half the story.Supply: State MediaUncommon glimpse: North Korean navy…
Story Highlights VanEck information for Avalanche (AVAX) ETF with SEC approval pending. The proposed AVAX ETF affords direct token possession with out derivatives. AVAX ranks among the many prime 20 cryptos with a $7.72B market cap. VanEck has formally filed for an Avalanche (AVAX) exchange-traded fund (ETF) in america. The submitted submitting on March 14 seeks to offer buyers direct entry to AVAX. The proposed fund design maintains direct token possession whereas following the AVAX worth actions after deducting operational bills. This proposed ETF differs from derivatives-based or leveraged crypto ETFs because it operates as a passive fund. The fund…
Crypto change OKX has quickly halted its decentralized change (DEX) aggregator in response to safety considerations and up to date “assaults” concentrating on its platform. The change introduced the pause on Sunday, citing the necessity to tackle incomplete blockchain tagging and implement new security measures to stop misuse by malicious actors. We’re quickly pausing our DEX aggregator to deal with incomplete tagging on blockchain explorers whereas we additionally roll out new security measures. That is to deal with the current coordinated assaults by media together with unsuccessful efforts by Lazarus group to misuse our DeFi… pic.twitter.com/r6oHNIaalT — OKX (@okx) March 17,…
Crypto alternate OKX has briefly paused its decentralized alternate aggregator to forestall “additional misuse” by North Korean hacking collective Lazarus Group.“Not too long ago, we detected a coordinated effort by Lazarus group to misuse our defi companies,” stated OKX on March 17.“After consulting with regulators, we made the proactive choice to briefly droop our DEX aggregator companies. This transfer permits us to implement further upgrades to forestall additional misuse.” The OKX helpdesk confirmed that the DEX aggregator was briefly suspended for an “inner evaluate and improve” however didn’t present a timeline. It added that crypto pockets companies will stay obtainable to all…
Supply: Juan RoballoMany companies keep away from cryptocurrency due to their volatility. However what if we instructed you there’s a strategy to spend money on crypto with out the danger? That is the place stablecoins are available. They provide companies a straightforward strategy to do common transactions with out worrying about market fluctuations.In the event you’re a enterprise proprietor on the lookout for a strategy to ease into crypto, this information is for you. Study all the things about how stablecoins work, how they assist companies, the dangers concerned, and their function sooner or later.Stablecoins are a sort of digital…
Amid the continued turbulence within the crypto market, Lightchain AI is standing out with regular progress, interesting to buyers searching for a dependable possibility throughout unsure occasions. Whereas main cryptocurrencies like Bitcoin and Ethereum expertise sharp declines, Lightchain AI is proving its energy by way of its distinctive integration of AI and blockchain know-how. With $17.8 million raised throughout its presale at a value of $0.007, this rising altcoin is positioning itself for important enlargement. As the necessity for scalable, sensible blockchain options continues to develop, Lightchain AI affords a compelling funding alternative, sustaining stability and investor belief even in…
The hype round celeb memecoins gained’t final — give it a couple of months, and folks will probably be again to specializing in DeFi and actual utility initiatives, says Wave founder Sasha Ivanov. “This extractive economic system can’t be very secure, and it’s going to be short-lived, so it would final perhaps for half a yr extra, after which we are going to see one thing else,” he tells Corridor of Flame. “Everyone’s attempting to extract as a lot cash as doable, which is an enormous drawback,” Ivanov continues. He believes folks will probably be “very disillusioned” as a result…