Category: Latest news

[ad_1] The U.S. Accountability Office (GAO) believes significant regulatory gaps in the crypto industry — specifically related to spot cryptocurrency markets and stablecoins — need to be addressed via a government-wide approach before they become a risk to financial stability. The watchdog said in a report titled “Blockchain in Finance” that blockchain technology offers significant…

[ad_1] Alphapo, a cryptocurrency payment service provider, reportedly suffered a significant security breach within its hot wallet, resulting in a loss of over $60 million, with some reports suggesting total losses could amount to around $100 million, according to De.Fi, the web3 antivirus company. The original hack was discovered on July 23 by blockchain investigator,…

[ad_1] Dogecoin and the /r/cryptocurrency subreddit have both secured a place in Reddit’s massive “place” canvas as of July 25. The event, which has been ongoing since July 20, allows Reddit users to edit an image one pixel at a time. The fact that each user must wait a certain amount of time to draw…

[ad_1] Venom Blockchain has reached one million wallets on its testnet within just two months of its launch, according to a July 25 statement shared with CryptoSlate. The blockchain network’s Foundation attributed the rapid adoption “to its innovative technology, rigorous regulatory compliance, and secure, user-friendly environment catering to a diverse user base.” Speaking on the…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Crypto exchange KuCoin denied “any alleged layoff plan,” according to a July 25 email statement to CryptoSlate. On July 25, Wu Blockchain, citing three unnamed internal employees, reported that KuCoin planned to lay off 30% of its workforce. Wu attributed the exchange’s plan to a decline in profits because of the strict Know-your-customer (KYC)…

[ad_1] Quick Take As the upcoming FOMC meeting looms tomorrow, July 26, anticipation builds up around the Federal Reserve’s projected interest rate hike of another 25 basis points. Market estimates attribute a near-certainty to this adjustment, assigning it a 99% probability. This increment would bring the federal funds rate to a range between 5.25 and…

[ad_1] Worldcoin’s (WLD) recent launch has drawn Britain’s regulatory scrutiny amid community concerns over its privacy issues. Reuters reported that a spokesperson for the Information Commissioner’s Office (ICO) acknowledged the project’s launch, adding that the regulatory body would inquire further about its operations. ICO has yet to respond to CryptoSlate’s request for comment at the…

[ad_1] Blockchain analytical firm Kaiko reported that Ripple’s XRP is the top-traded altcoin for this year, with its trading volume exceeding $150 billion. XRP’s trading volume completely dwarfs that of other altcoins rival significantly, with the closest being Solana’s SOL, recording about $100 billion. Others like Dogecoin (DOGE), Binance Coin (BNB), and Polygon’s MATIC complete…

[ad_1] Swingby Network has officially launched a V3 version of its Bitcoin bridge, designed to provide users with a better user experience, and enhanced interoperability. The Swingby Bridge allows its users to swap BTC to WBTC within a few clicks. The smart contract has been upgraded with a new buyback function added, which allows for…