India-based centralized exchange WazirX recently experienced a significant exploit that resulted in the loss of nearly half of its assets, totaling over $230 million in user assets. Co-founder Nischal Shetty took to social media on July 23 to inform users about the breach and reassure them that the exchange is actively seeking partnerships to restore
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Ripple’s XRP has seen a significant surge in price recently, with a 40% increase in value over the past two weeks. This sudden uptick has brought the digital asset to above $0.60, sparking optimism among investors and analysts alike. However, the road ahead remains uncertain, with some questioning the sustainability of this rally. Some analysts
Semilore Faleti is a notable figure in the field of cryptocurrency journalism, well-versed in the complexities of blockchain technology and digital assets. With a passion for educating and informing his audience, Semilore’s work extends beyond just reporting the latest news in the crypto space. Let’s delve into his unique perspective and advocacy. Semilore Faleti’s journey
State Street Corp., a well-established financial institution based in Boston, is delving into the realm of digital assets by considering the launch of its own stablecoin and exploring tokenized deposits. This move is aimed at enhancing payment settlement processes through the utilization of blockchain technology. Recent reports indicate that State Street has been actively immersing
Dalmas Ngetich, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years.
In recent news, Scroll, a ZK rollup Layer 2 network, has seen a remarkable 23% increase in the past seven days, bringing its Total Value Locked (TVL) to $1.03 billion, as reported by L2Beat data. This places Scroll as the 8th Ethereum Layer 2 network to surpass the $1 billion TVL milestone in the ecosystem.
The Ministry of Finance in Russia has put forward a proposal to allow traditional exchanges to facilitate digital asset trading for a specific group of investors. This proposal aims to create specialized regulations for organized trading in digital currencies, considering them as commodities, based on either an exchange license or a trading system license. The
Ubisoft is prepared to revolutionize the gaming world with the introduction of Champions Tactics, a highly-anticipated game that combines strategic gameplay with blockchain technology. The Champions Tactics free mint event, set to launch on July 15, provides players with the opportunity to mint up to 75,000 in-game champion figurines without any gas fees. This event
Growing up in Edo State, Nigeria, my family has played a significant role in shaping my values and aspirations. With three siblings who have always been my idols and mentors, I have been fortunate to have a support system that encourages me to grow and understand the way of life. My parents, in particular, have
Decentralized Autonomous Organizations (DAOs) have garnered significant attention as innovative blockchain-based communities designed to achieve common goals. However, the UK Law Commission’s scoping paper raises critical questions about the legal characterization of DAOs within the country. The Commission’s central thesis revolves around the lack of consensus on what exactly constitutes a DAO and how it