Exactly one year after its initial deployment, Beanstalk is now back from the dead. Less than four months ago, the experimental stablecoin was hacked for $182 million. Luckily, the company behind it, Beanstalk Farms, has managed to stabilize its operations enough for its reboot. Unlike other stablecoins, such as Tether, the Beanstalk stablecoin doesn’t maintain […]
In 2013, a UK citizen James Howells threw away a hard drive with 8,000 Bitcoin on it into a landfill somewhere in Newport, Wales. He did this by accident. Now, he wants his $176 million worth of crypto back. For that goal, Howells made a deal with two unidentified investors, worth $11 million. A part […]
After a last-week hackers’ attack on Nomad worth $192 million, the crypto bridge now has in its possession $22.4 million of that sum once again. It seems that Nomad’s tactic of cooperating with “white hat” hackers is working out. Namely, Nomad promised that all hackers who return at least 90% percent of the respective stolen […]
The Colombian government has partnered up with Ripple Labs, the company that created the XRP cryptocurrency. Together, they will be bringing Colombians’ land ownership data onto Ripple’s Ledger blockchain. The move is intended to streamline the Colombian bureaucratic process. However, it also has more political undertones. Namely, the Colombian Civil War, lasting from 1964 until […]
The luxury goods purveyor, Tiffany & Co., has announced that it will be launching an NFT collection named NFTiff. The collection consists of 250 NFTs, each priced at 30 Ethereum (little over $50,000, according to CoinMarketCap). It will be available starting on August 5. The NFTiff pieces are aimed at owners of CryptoPunks. They will […]
Instagram’s parent company, Meta, announced that the photo-sharing service is expanding its NFT support to more than 100 countries. Instagram first launched the initiative back in May for some users in the U.S., but is now also including countries in Asia, Africa, and the Middle East. Thanks to this feature, users can connect crypto wallets […]
Cryptocurrency adoption in Latin America continues. In the tourist town of Santa Lucia, Honduras, customers can now use Bitcoin to make purchases. The program, named Bitcoin Valley, was created by the town in cooperation with the crypto exchange Coincaex, Blockchain Honduras, and the Technological University of Honduras. The crypto exchange is providing the technological infrastructure […]
Enforcement Directorate (ED), the primary enforcement institution for economic matters in India, has frozen $8.14 million worth of assets sitting on the WazirX crypto exchange. India’s largest crypto exchange is accused of breaking government regulations and supporting money laundering on its platform. Moreover, Nischal Shetty, the managing director at WazirX, has allegedly failed to cooperate […]
The Zipmex saga continues. After filing for bankruptcy, the Thailand-based crypto exchange announced that it will be resuming withdrawals from its Z Wallet, but only for some coins. Zipmex users can already withdraw their SOL funds. And from August 4th and August 9th respectively, users will also be able to withdraw their XRP and ADA […]
In our news posts, we’ve been regularly mentioning Tornado Cash, a tool used to conduct private transactions on the Ethereum platform that is frequently associated with money laundering. Well, the U.S. Treasury Department has now taken action and has banned U.S. citizens from using Tornado Cash. In addition, the Treasury Department also compiled a list […]
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter.
