Synthetix faces fierce competition on the DeFi-oriented layer-2. Source link
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India-based crypto exchange WazirX announced that it will begin a phased resumption of fiat currency withdrawals on Aug. 26, following a month-long suspension due to a cyberattack, according to an Aug. 23 press release. The July 18 hack resulted in the theft of a significant amount of ERC-20 tokens, worth…
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The DMM conglomerate hopes the coins powering its anime-filled Web3 ecosystem will be used with and among its partners as well. Source link
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Japan’s DMM Group, along with its subsidiary DMM Crypto, is partnering with blockchain developer Progmat to explore the launch of a stablecoin under existing local regulations, according to an Aug. 23 statement. Initially, the stablecoin will be integrated into DMM’s digital economy project, Seamoon Protocol. It will be designed to…
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Bitcoin bulls charge into key BTC price resistance as the US Federal Reserve gives a clear signal over interest rate cuts. Source link
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The Chinese government announced the extradition of the mastermind behind a multi-billion-dollar crypto pyramid scheme from Thailand, according to an Aug. 23 statement. The Chinese Ministry of Public Security identified the suspect as Zhang, who was extradited on Aug. 20. Zhang is accused of leading a $14 billion crypto pyramid…
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Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future. Source link
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Quick Take Federal Reserve Chairman Jerome Powell delivered a significant speech at the ongoing Jackson Hole meeting, offering insights into the current economic landscape and the Federal Reserve’s outlook. Powell began by reflecting on the diminishing effects of the COVID-19 pandemic, noting that: “Four and a half years after COVID-19’s…
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The AMOS stealer targeting Mac users can now clone Ledger Live software and may soon clone other wallet apps, warns cybersecurity firm Moonlock. Source link
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Russia is reportedly exploring the establishment of two crypto exchanges to facilitate foreign economic activities, local media outlet Kommersant reported on Aug. 23. The proposed exchanges will be located in Moscow and St. Petersburg, serving as hubs for international trade. Mikhail Uspensky, a member of the State Duma’s legislative committee…