The millions of UNI ( ) tokens delegated by Binance were a "misunderstood situation," said Binance CEO Changpeng “CZ” Zhao in a Twitter post, in response to questions about 13.2 million UNI tokens delegated on Oct. 18 that made Binance the second-largest entity by voting power in the Uniswap DAO. According to CZ, a UNI transfer between internal wallets caused the automatic delegation. He denie allegations about the crypto exchange using users' tokens to vote. In a statement to Cointelegr...

The millions of UNI ( ) tokens delegated by Binance were a "misunderstood situation," said Binance CEO Changpeng “CZ” Zhao in a Twitter post, in response to questions about 13.2 million UNI tokens delegated on Oct. 18 that made Binance the second-largest entity by voting power in the Uniswap DAO. According to CZ, a UNI transfer between internal wallets caused the automatic delegation. He denie allegations about the crypto exchange using users' tokens to vote. In a statement to Cointelegr...

TempleDAO, a yield-farming decentralized finance (DeFi) protocol, lost over $2.34 million to a hack on Oct. 11. The exploit was announced by Twitter user Spreek, who shared that the DeFi platform had been hacked, along with a snapshot of how the stolen funds had been moved. Blockchain security companies BlockSec and PeckShield confirmed in a series of tweets that the exploit had indeed occurred. BlockSec shared that the root cause of the attack was “insufficient access to control to the migra...

TempleDAO, a yield-farming decentralized finance (DeFi) protocol, lost over $2.34 million to a hack on Oct. 11. The exploit was announced by Twitter user Spreek, who shared that the DeFi platform had been hacked, along with a snapshot of how the stolen funds had been moved. Blockchain security companies BlockSec and PeckShield confirmed in a series of tweets that the exploit had indeed occurred. BlockSec shared that the root cause of the attack was “insufficient access to control to the migra...

Time waits for no one and financial markets are no exception. Especially in the uncharted territory of cryptocurrency trading, keeping up with the fast-paced changes in prices is key to success. A plethora of cryptocurrencies, a few viable trading strategies and numerous tools accessible to new traders may all cause confusion. Fortunately, technology has made it possible to automate several trading processes, including market analysis, predicting trends and order execution. This frees up more...

Time waits for no one and financial markets are no exception. Especially in the uncharted territory of cryptocurrency trading, keeping up with the fast-paced changes in prices is key to success. A plethora of cryptocurrencies, a few viable trading strategies and numerous tools accessible to new traders may all cause confusion. Fortunately, technology has made it possible to automate several trading processes, including market analysis, predicting trends and order execution. This frees up more...

According to a new report by crypto data aggregator Token Terminal, approximately 50% of exploits in decentralized finance, or DeFi, occur on cross-chain bridges. In two years' time, more than $2.5 billion has been stolen by hackers via exploiting vulnerabilities on cross-chain bridges. The amount is enormous in comparison to other security breaches, such as DeFi lending hacks ($718 million) and decentralized exchange exploits ($362 million) in that period. Cross-chain bridges, which all...

According to a new report by crypto data aggregator Token Terminal, approximately 50% of exploits in decentralized finance, or DeFi, occur on cross-chain bridges. In two years' time, more than $2.5 billion has been stolen by hackers via exploiting vulnerabilities on cross-chain bridges. The amount is enormous in comparison to other security breaches, such as DeFi lending hacks ($718 million) and decentralized exchange exploits ($362 million) in that period. Cross-chain bridges, which all...

The country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it's also working with local industry groups to improve regulations. The Singapore-based arm of the United States cryptocurrency exchange Coinbase has received “in-principle approval” to provide crypto services in Singapore from its central bank, the Monetary Authority of Singapore (MAS). Speaking to Cointelegraph, Hassan Ahmed, CEO of Coinbase Singapore and the exchanges’...

The country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it's also working with local industry groups to improve regulations. The Singapore-based arm of the United States cryptocurrency exchange Coinbase has received “in-principle approval” to provide crypto services in Singapore from its central bank, the Monetary Authority of Singapore (MAS). Speaking to Cointelegraph, Hassan Ahmed, CEO of Coinbase Singapore and the exchanges’...

Ethereum bulls have hit back against claims the network has become prone to censorship post-Merge, with one arguing that “not even a single” transaction has been censored on the network. In a 19-part thread to his 29,100 followers on Oct. 17, Cyber Capital founder and CIO Justin Bons argued that contrary to “what some Bitcoiners are falsely claiming,” not a single transaction on Ethereum has been stopped as a result of Office of Foreign Assets Control (OFAC) sanctions. Bons was referring to r...

Ethereum bulls have hit back against claims the network has become prone to censorship post-Merge, with one arguing that “not even a single” transaction has been censored on the network. In a 19-part thread to his 29,100 followers on Oct. 17, Cyber Capital founder and CIO Justin Bons argued that contrary to “what some Bitcoiners are falsely claiming,” not a single transaction on Ethereum has been stopped as a result of Office of Foreign Assets Control (OFAC) sanctions. Bons was referring to r...

Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain. Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is calling “scan to own”. The PBT in...

Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain. Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is calling “scan to own”. The PBT in...

The function of crypto wallets has changed significantly over the last few years. They initially secured token holdings or served as art galleries with nonfungible tokens (NFTs). Today, they’ve become like bank accounts for many, and soon, they will offer even more functionality by enabling digital curriculum vitae (CVs).In a May 2022 paper, Ethereum co-founder Vitalik Buterin and others introduced the concept of “Soulbound tokens” (SBTs). Buterin and his co-authors argued that credentials on...

The function of crypto wallets has changed significantly over the last few years. They initially secured token holdings or served as art galleries with nonfungible tokens (NFTs). Today, they’ve become like bank accounts for many, and soon, they will offer even more functionality by enabling digital curriculum vitae (CVs).In a May 2022 paper, Ethereum co-founder Vitalik Buterin and others introduced the concept of “Soulbound tokens” (SBTs). Buterin and his co-authors argued that credentials on...

Gavin Wood, the co-founder of Polkadot, is stepping down as the CEO of blockchain infrastructure company Parity Technologies. Parity is the development company behind the Polkadot ecosystem. In a statement released on Oct 21, Wood shared that he never desired the CEO role. Although he could act as one for an interim period, it was not a position where he saw himself finding “eternal happiness.” Wood shared: “Anyone who has worked with me knows where my heart lies. I’m a thinker, coder, design...

Gavin Wood, the co-founder of Polkadot, is stepping down as the CEO of blockchain infrastructure company Parity Technologies. Parity is the development company behind the Polkadot ecosystem. In a statement released on Oct 21, Wood shared that he never desired the CEO role. Although he could act as one for an interim period, it was not a position where he saw himself finding “eternal happiness.” Wood shared: “Anyone who has worked with me knows where my heart lies. I’m a thinker, coder, design...

In the ongoing quest for mainstream adoption, a big challenge surrounds making crypto easy to use. Transacting in digital assets can be clunky at times — putting off consumers and businesses alike. Here, we speak to Oliver Marco La Rosa — the founder and CEO of Globiance — to find out what his company is doing to tear down the barriers to entry.Hello! Tell us about Globiance.We started Globiance to address a major issue: Crypto and legacy banking systems fail to operate synergistically. Right...

In the ongoing quest for mainstream adoption, a big challenge surrounds making crypto easy to use. Transacting in digital assets can be clunky at times — putting off consumers and businesses alike. Here, we speak to Oliver Marco La Rosa — the founder and CEO of Globiance — to find out what his company is doing to tear down the barriers to entry.Hello! Tell us about Globiance.We started Globiance to address a major issue: Crypto and legacy banking systems fail to operate synergistically. Right...

A United States central bank digital currency (CBDC) would not enhance the qualities of the U.S. fiat dollar that foreign companies value most, U.S. Federal Reserve Board governor Christopher Waller in a speech released Oct. 14. CBDC skeptic Waller took a look at the question through the lens of national security at a symposium held at Harvard University. Waller had a more favorable view of dollar-backed stablecoin. The role of the U.S. dollar worldwide is an area where economics, CBDCs, and ...

A United States central bank digital currency (CBDC) would not enhance the qualities of the U.S. fiat dollar that foreign companies value most, U.S. Federal Reserve Board governor Christopher Waller in a speech released Oct. 14. CBDC skeptic Waller took a look at the question through the lens of national security at a symposium held at Harvard University. Waller had a more favorable view of dollar-backed stablecoin. The role of the U.S. dollar worldwide is an area where economics, CBDCs, and ...

While highly regarded even at the time of its writing, Marc Andreessen’s 2011 landmark essay, “Why Software Is Eating the World,” has proven even more prophetic than it seemed at the time. At the dawn of a decade when software would prove invaluable to nearly every aspect of modern life, Andreessen argued that every company was now ostensibly a software company, whether the company liked it or not.Tailoring his argument to many of the companies that were market leaders at the time, his ideas ...

While highly regarded even at the time of its writing, Marc Andreessen’s 2011 landmark essay, “Why Software Is Eating the World,” has proven even more prophetic than it seemed at the time. At the dawn of a decade when software would prove invaluable to nearly every aspect of modern life, Andreessen argued that every company was now ostensibly a software company, whether the company liked it or not.Tailoring his argument to many of the companies that were market leaders at the time, his ideas ...