Stepping up efforts to minimize the inherent risks of trading cryptocurrency, major crypto exchange Binance has announced it would restrict access to derivatives products to Hong Kong users. The official announcement reads: “Users from Hong Kong will have a 90 days’ grace period to close their open positions. During the grace […]

Following Beijing’s crackdown on energy-sapping Bitcoin (BTC) mining, Guizhou province has become the country’s first to make use of its freed-up power capacity to advance a climate-conscious agenda.  The hydroelectric-rich southern province has recently announced a plan to build at least 4,500 electric vehicles (EV) charging stations in 2021. This […]

The Monetary Authority of Singapore has granted its first approval in principle to a digital currency exchange under the new licensing regime, in a move that will see the platform become the first exchange in the country to trade as a fully regulated virtual asset service provider. Australian digital currency […]

The Bank of Korea, the central bank of South Korea, is known to be among the major global central banks actively considering its options for issuing a central bank digital currency. Now, with the announcement the bank has partnered with Kakao subsidiary Ground X to develop the pilot scheme, more […]

Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5. The highly anticipated London hard fork went live on Wednesday this week, ushering in the EIP-1559 upgrade that adjusted gas fees. Part of that adjustment introduced a mechanism […]

Hester Pierce of the U.S. Securities and Exchange Commission — colloquially known as ‘Crypto Mom,’ has warned of rampant “shadow-centralization” within the decentralized finance (DeFi) sector. Speaking to outspoken DeFiWatch founder Chris Blec in an August 4 discussion streamed by The Defiant, the SEC commissioner noted that decentralized organizations and […]

Clean Spark Inc. – a bitcoin mining services and software company – has announced several new updates regarding its processes and operations, as well as general changes to the mining sector. Clean Spark Is Heading for the Top The company’s mining division – known as Clean Blok – boasts more […]

Cardano (ADA) has recently secured another win in its long repertoire of wins lately. The native coin of Cardano, ADA, has now been approved to be listed in Japan, which features one of the hardest listing requirements in the world. Only a handful of coins have been able to receive […]

Key Takeaways Ethereum has burned more than $1 million worth of ETH within the first three hours of EIP-1559 going live. The price of Ethereum has reacted quickly, jumping 6% in the last hour. While not deflationary yet, ETH will see a significant decrease to the growth of its supply. […]

DeFi developers and auditors are getting lax. Attackers are taking advantage of an exploit that exists across multiple DeFi platforms and making off with millions of dollars as a result. In the latest DeFi exploit, ‘Popsicle Finance,’ a platform that automatically deploys user funds to the liquidity pool that gives […]