Security tokens are set for a boost in Japan, where business giants including Mitsubishi UFJ, Mizuho Bank, and Rakuten will launch an offering that pays interest in “electronic money.” In a press release, the firms explained that the new ST offering will take place on the blockchain-powered Progmat platform, with investors paid in Rakuten Cash tokens....
Jeff “Jihoz” Zirlin, co-founder of Axie Infinity, experienced a security breach in two of his personal Ethereum addresses on Ronin, resulted in an $8 million loss. The web3 security firm Ancilia, Inc. first alerted Ronin Network about the unusual withdrawal of over 2,790 Ethereum. The crypto was withdrawn to three addresses and immediately deposited to...
Venture capitalists are warming up to funding blockchain and crypto projects, ready to fuel the next wave of innovations. After two years of hardship, crypto entrepreneurs are now seeing a potential shift in fortunes, with Bitcoin’s surge of over 30% in the past month reigniting interest in funding opportunities within the industry. While still low...
A new study put together by Swiss researchers has declared blockchain the best performer in cybersecurity startups, beating out heavyweight fields like Artificial Intelligence and cloud services for the top spot. The study, titled “Measuring the performance of investments in information security startups: An empirical analysis by cybersecurity sectors using Crunchbase data,” was funded by...
Nigeria’s crypto community has slammed the recent anti-industry stance of a government that previously lifted the ban on crypto trading. The majority of the country’s digital asset users and policy watchers have deemed the government has “misplaced priorities” adding that centralized cryptocurrency exchanges are not the cause of the falling currency. You lot are blaming...
Harsh Rajat, the co-founder of Web3 communication network Push Protocol, spoke with the Cryptonews Podcast host Matt Zahab about the potential for Web3 to hit the one-billion user milestone and how Web3-native communication helps the industry achieve that goal. Rajat further talked about the protocol’s industry-altering partnerships with Unstoppable Domains and MetaMask. In this interview,...
On February 23, Injective Protocol announced a strategic partnership with DojoSwap to launch the CW-404 standard, a groundbreaking token standard inspired by ERC-404. This collaboration aims to foster innovation and interoperability within the decentralized finance (DeFi) ecosystem. ‘Semi-fungible’ Tokens Find A Place to Flourish Injective announced this update in a post on X (formerly Twitter),...
South Korean crypto scammers are targeting chat app users on trading- and investment-themed channels, police warned on February 21. Per News1 and Daejon Ilbo, the Sejong South Police Station announced it was investigating multiple cases. The agency said that it had “received about 20 reports” from people in the city. Citizens said they had been...
Source: Dalle-3 Coinbase, a leading cryptocurrency exchange, has unveiled a new television ad that playfully mocks traditional United States fiat currency, depicting it as a penny coin. In the ad, the penny is humorously tossed into a bin and vacuumed, symbolizing the need for a digital upgrade to replace outdated physical currency. The crypto community...
Source: Dalle-3Digital assets management firm CoinShares reported $42 million in revenues and gains in the last quarter of 2023 following a positive swing in the market. The company disclosed the recent financial statements in its Q4 2023 report, showing an increase in year-on-year performance and adoption as institutional investors’ appetite for digital assets surged. \"Q4...