Category: Latest news
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Industry insiders challenge Voorhees ‘cryptocurrency over democracy’ stance
[ad_1] A recent keynote address by American entrepreneur and early Bitcoin adopter Erik Voorhees has ignited a debate regarding the intersection of democracy and cryptocurrency adoption. According to senior staff software engineer at Coinbase, Yuga Cohler, while engaging, Voorhees’ speech presents an overly simplistic and potentially damaging viewpoint that may impede rather than encourage the…
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Japanese crypto exchange JPEX to pause interest rewards as partners freeze funds
[ad_1] The Japan-based crypto exchange JPEX said it will pause a key feature at the start of the week in an announcement published Sept. 17. JPEX said that it will delist all Earn Trading transactions on Sept. 18. Much like other staking or earn services, this feature allowed users to deposit assets and provide liquidity…
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NFL star Trevor Lawrence and 2 YouTube influencers settled the FTX endorsement class-action: Report
[ad_1] NFL quarterback Trevor Lawrence, alongside YouTube influencers Kevin Paffrath and Tom Nash, has agreed to settle a lawsuit related to their endorsement of the now-defunct FTX cryptocurrency exchange, Bloomberg reported on Sept. 16, citing a court filing. The terms of the settlement remain undisclosed. These settlements mark the first resolutions among over a dozen…
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DeFi exchange volume down 15% on a monthly basis amid UNI, CRV price crash – VanEck
[ad_1] The decentralized finance (DeFi) landscape faced a challenging month in August as exchange volume dipped 15.5% to settle at $52.8 billion — led primarily by a decline in some of the most dominant DeFi tokens, according to data from investment manager VanEck. VanEck’s report also touched on global interest rates, especially in the U.S.,…
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Decentralization and democracy: Three centuries of debate
[ad_1] On this day, September 17th, 1787, delegates from all over the former British colonies in North America gathered at Independence Hall in Philadelphia, Pennsylvania, to overthrow and replace the United States government. The one they replaced—the Articles of Confederation—had failed so thoroughly as to be a non-entity by the time the delegates gathered at…
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FTX reactivates customer claim portal after resolving cybersecurity breach
[ad_1] Defunct cryptocurrency exchange FTX announced the reopening of its customer claims portal, which was abruptly shut down due to a cybersecurity attack that compromised non-sensitive data. The exchange stated that no critical systems were compromised in the cyberattack, which targeted its designated bankruptcy claims agent Kroll. The breach reportedly revealed non-sensitive data of certain…
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Exchanges as the gatekeepers of Web3
[ad_1] The following is a guest post by Rodolfo José Santos, a crypto tax and lawyer at FS Legal. In the fast-paced world of cryptocurrencies, where fortunes are made and lost in the blink of an eye, one investor’s simple mistake last month brought to light a crucial discussion about justice in the burgeoning Web3…
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Ethereum Holesky testnet launch flops, relaunch is expected in coming weeks
[ad_1] Ethereum’s Holesky testnet experienced an error that will require another launch attempt, community members and developers said on Sept. 15. Ethereum researcher Diederik Loerakker, aka protolambda, wrote that one developer entered certain data in the wrong part of the network’s genesis files. He said: “Someone put 0x686f77206d7563682069732074686520666973683f (“how much is the fish?”) as extra-data…
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Hong Kong police received over 80 complaints against JPEX crypto exchange
[ad_1] JPEX crypto exchange has been named in at least 83 complaints to the Hong Kong police as of Friday, the South China Morning Post reported on Sept. 16. The complaints involve cryptocurrencies worth $4.3 million, the report noted. Raymond Siu Chak-yee, commissioner of police, disclosed on Saturday that the Hong Kong Securities and Futures…
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CZ says Binance.US needed new leadership amid ‘hostile’ regulatory environment
[ad_1] Binance CEO Changpeng ‘CZ’ Zhao took to social media to quell negative rumors related to the departure of Binance.US CEO Brian Shroder and said that the current regulatory challenges required new leadership for the exchange. The Binance International CEO said the regulatory landscape in the U.S. is “rapidly evolving and increasingly hostile” toward the…