Browsing: Cryptocurrency news

Some reports claim that Consensys is dropping Ganache and Truffle, two essential Ethereum frameworks, in favour of Metamask Snaps and SDK. Truffle and Ganache, which were crucial in the early development of Ethereum smart contracts, have received praise from several developers. The “sunset” of the two products was defined as the end of an era in the Consensys release from September 22. Numerous developers have published their experiences utilising these tools to create their first Ethereum smart contracts, including Foobar, an anonymous developer, and Georgios Konstantopoulos, CTO and partner at Paradigm. At the time of Consensys’s acquisition in 2020, 1.3…

The Bank of Japan (BOJ) may lead to large changes in the global market flows, which might have an effect on cryptocurrencies, claims CoinDesk. The unknown policy direction of the BOJ, in the opinion of volatility trader Gryphon Ardern from the crypto asset management company Blofin, increases the likelihood that it would shock the market beyond expectations. In order to guide short-term interest rates at minus 0.1% and the yield on 10-year government bonds at about 0%, the BOJ has been using yield curve control (YCC) since 2016. With the addition of trillions of dollars in new global liquidity and…

From an address identified as “LeverFi: Farming Reserves,” DWF Labs just received 1.8 billion LEVER tokens, or roughly $2.85 million in value, according to Coincu’s monitoring of Lookonchain. Following this significant transfer, the crypto community was ablaze with rumours and intrigue, which caused LEVER’s market value to soar. LEVER crossed the $0.0017 threshold for a brief period of time before exhibiting a minor adjustment. According to the most recent data, LEVER is trading at $0.001681, up more than 10% in the last day. The large deal involving DWF Labs and LeverFi: Farming Reserves may have caused the rise in LEVER’s…

In a report on the European Commission’s proposed law for the digital euro, the Institute of International Finance (IIF) gave it an average grade. The digital euro law introduced in June and the related impact assessment were rated by the IIF, a global financial industry lobbying group with members in 60 countries and headquarters in Washington, D.C. The evaluation is a response to feedback the IIF provided in June. Six of the seven topics the IIF looked at were “partially addressed” by the proposed legislation, according to the IIF. Aspects of the cost-benefit analysis that were regarded to be “basic…

Following a recent crackdown on money laundering, Singaporean banks have increased their examination of Chinese-born clientele who have dual citizenships. The crackdown, which covered assets worth over $1.8 billion, has made lenders more cautious. Accounts owned by clients who are citizens of nations like Cambodia, Cyprus, Turkey, and Vanuatu are being closed by several multinational banks. On a case-by-case basis, other lenders decide whether to take new funds from customers with comparable profiles. Singapore’s attempts to improve its anti-money laundering system include these initiatives. The crackdown started after 10 affluent people of Chinese descent were detained and charged in August.…

On September 20, a group of British politicians—including eight Lords—participated in a metaverse conference with leaders from 51 other countries to discuss the blockchain and Web3 businesses in the UK. The next iteration of the internet, known as Web3, is crucial because it represents a paradigm shift that reimagines the very fabric of the internet, according to Natalie Elphicke, a member of parliament and the chair of the newly formed All Party Parliamentary Group (APPG) for Blockchain Technologies. Natalie Elphicke appeared as her distinctive avatar in the metaverse. Elphicke claimed that the UK has the ability to develop into a…

Foresight News reports that PlatON, a fully digitalized public infrastructure, has released the “PlatON Application Chain Technical Whitepaper” and formally debuted its application chain framework. The framework intends to provide an all-encompassing, dependable, standardised, and adaptable system that offers more effective, safe, and stable blockchain solutions for different industries in the Web3 area, with the ability for seamless integration. The PlatON Application Chain Extension Protocol (PAEP), effective consensus methods, configurable development, security considerations, availability, as well as extensive application chain architecture and supporting toolkits are all provided by the application chain framework. While the application chains serve as the execution…

Maxine Waters, a senior member of the US Democratic Party and a former chair of the House Financial Services Committee, is said to have voiced unhappiness with the Republican Party’s stance on the Central Bank Digital Currency (CBDC) bill. This is according to Coincu. Waters slammed what she called the GOP’s “anti-innovation stance” about the plan. The “CBDC Anti-Surveillance State Act,” or HR 5403, was proposed last week by Minnesota Representative Tom Emmer. It aims to stop central banks from issuing CBDCs to people directly. There are 50 Republican co-sponsors for this bill. This Wednesday, the US House of Representatives…

Dogelon Mars (ELON), which has just surpassed well-known cryptocurrencies including Bitcoin (BTC), Ether (ETH), Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB), has become the most talked about cryptocurrency, according to behaviour analytics platform Santiment, according to CryptoPotato. ELON has performed well so far this year while being far from its 2021 bull market peak levels. Positive attitudes predominated in about 62% of interactions mentioning ELON, while neutral viewpoints made up around 19% of the total conversations and negative attitudes made up about 18.7%. The native token of FINSCHIA, FNSA, came in second on the list of assets that have…

The ‘Online Privacy Bill,’ which extends online safety regulations to virtual worlds like the eagerly awaited Metaverse, has reportedly been approved by the UK Parliament. The legislation, which was unveiled in March of last year, aims to hold businesses responsible for identifying and reducing any risks that kids may face when interacting with virtual environments. Companies working in the digital sector, particularly those providing access to virtual worlds like the Metaverse, will be required to carry out extensive risk assessments under the requirements of the Online Privacy Bill. These evaluations will determine how likely it is that children will come…

As the company’s bankruptcy procedures near their conclusion, a new wave of phishing attempts are allegedly focusing on the creditors of the insolvent cryptocurrency lender Celsius Network. Social media postings over the past week have revealed an upsurge in phishing attacks from con artists pretending to be Stretto, the platform for bankruptcy services used by Celsius and its creditors. On September 18, some users claimed to have received phishing emails purporting to be from Celsius, while others claimed to have received phoney emails with harmful links that purported to be from Stretto, the claims agent handling the bankruptcy case. Users…

Foresight News reports that Liberty City Ventures and Abu Dhabi startup capital firm Further Ventures jointly led a $14 million seed fundraising round for Middle Eastern blockchain infrastructure platform Fuze. Fuze was founded in December 2022 and this year joined Hub71, Abu Dhabi’s international technological ecosystem. The company’s white-label solution enables businesses to sell digital assets including stablecoins, cryptocurrencies, central bank digital currencies (CBDCs), and tokenized assets by handling the regulatory burden and blockchain complexity for corporations.

Coincu claims that the Balancer frontend has been targeted, and the Balancer team is presently looking into the matter. Users are recommended to take precautions and hold off on using the Balancer UI until further notice. So far, a loss of almost $238,000 has resulted from the attacker sending stolen money to the address 0x645710Af050E26bB96e295bdfB75B4a878088d7E. PeckShieldAlert reports that MEXC, a cryptocurrency exchange, sent 1.04 $AVAX to the attacker’s associated address, 0xf998. In a recent update, it was noted that the hacker converted 15.4 $ETH into roughly 2,730 $AVAX before sending the money to MEXC’s deposit address.

Foresight News reports that the token economy model and other upgrades are detailed in the whitepaper for the Web3 social application Phaver. According to the whitepaper, the in-app purchase points feature will reportedly go live in the fourth quarter of 2023, while the advertising functionality will debut in 2024. Phaver also intends to launch an NFT series through various in-app tools. The entire supply cap for the token economy paradigm, as revealed by Phaver, is 10 billion tokens. Phaver also intends to launch a quarterly token burn programme using money earned from fiat money, native tokens, or other liquid tokens.…

Blockchain technology has found use in a variety of industries since Bitcoin BTC first popularised it, including public administration and finance. What was formerly seen as an innovation statement for early adopters has transformed into a potent tool for modernising legacy systems, enabling improved decentralisation, transparency, and immutability. Due to worries about governance and security, as well as its close ties to the cryptocurrency ecosystem, many government agencies have been hesitant to incorporate blockchain into their paper-based operations despite its proven real-world use cases. However, a paradigm shift is taking place, particularly in emerging economies where blockchain is seen as…

CoinDesk reports that a London High Court judge has maintained a previous decision that operators of the Bitcoin.org website, including the fictitious Cbra, must reveal their identities to avoid paying hefty legal fees demanded by self-declared Bitcoin inventor Craig Wright. In April 2021, Wright served legal proceedings against Cbra regarding the copyright of the Bitcoin whitepaper, claiming that the website’s administrators had violated his rights by allowing the publication of the material. Wright asserts that he is the real Satoshi Nakamoto, and that he is the owner of the rights to the Bitcoin Manifesto. A judge ruled that the white…

Thailand’s Revenue Department intends to levy personal income tax on foreign earnings, including those from cryptocurrency trading, for people who have been residents for more than 180 days, according to Cointelegraph. The first tax forms, including those for foreign income, will be given in 2025. The new regulation will go into force on January 1, 2024. Until recently, only foreign income sent to Thailand in the year it was earned was subject to tax. By requiring people to report all foreign income, even if it is not spent locally, the new legislation plugs this loophole. The change’s justification, according to…

According to Coincu, the rise of decentralised exchanges (DEXs) like Megaton, DeDust, and STON fi as well as the introduction of liquid staking through BEMO have significantly increased the size of Telegram’s Tonne network. Increased activity on Telegram bots like Unibot has helped the Tonne ecosystem as well, driving up the price of TONNE and demonstrating the network’s potential for widespread adoption. With 2.8 million TONNE tokens, the Megaton DEX stands out as the largest in terms of Total Value Locked (TVL). The Tonne network’s DEX landscape is being expanded by DeDust and STON fi, which are both gaining ground…

The launch of Xsolla Mall, a platform that enables video games to host multiple landing pages for players to access exclusive in-game items, game discounts, and premium experiences directly from developers, publishers, content creators, and payment providers, has been announced, according to Coincu. A growing collection of cloud games is already available through the Xsolla Mall, backed by the Xsolla Cloud Gaming system, and developers can promote and sell material from their games there. By giving developers and publishers a new route for distribution, Xsolla Mall hopes to lower total costs associated with client acquisition and retention, raise brand exposure,…

Foresight News reports that Chinese Ministry of Industry and Information Technology (MIIT) is looking for feedback from the general public regarding the formation of a Metaverse Standardisation Work Group. The proposal explains the group’s proposed range of work, which comprises: 1. Conducting research and analysis on the metaverse field’s standardisation needs, building and maintaining a metaverse industry standard system, and coming up with ideas for the creation and updating of metaverse industry standards. 2. Working to create and update industry standards in the metaverse sector. 3. Conducting preliminary research on the important technological standards in connected industries such digital identification…