Wallet

Are noncustodial crypto wallets a practical option for the everyday hodler?

Noncustodial wallets are more secure than custodial wallets, but it may take time for everyday, non-technical users to get used to them. ANALYSIS   As crypto ownership becomes more and more common, holders will need to think about how they protect and hold their assets. The safest option is storing cryptocurrency in a personal wallet. …

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Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official

Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official

The draft bill on digital currencies prepared by the Finance Ministry should create a framework for crypto settlements, a statement by a Russian official confirmed on Sept. 19. Interfax quoted the head of the Finance Ministry’s Financial Policy Department, Ivan Chebeskov, stating that the draft bill on digital currencies will outline a list of currencies and counterparty …

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$LUNC: KuCoin Supports ‘1.2% Tax Burn Proposal of the Terra Classic (LUNC) Community’

On Wednesday (September 7), crypto exchange KuCoin announced support for the 1.2% tax burn proposal of the Terra Clasic ($LUNC) community if “the proposal is officially approved and implemented” on the Terra Classic mainnet. What Is Terra Classic ($LUNC)? As Binance Research in an article published on 31 May 2022, Terra Classic, which was rebranded from Terra, …

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NFT Art: Fancy a $34,500 Frame for Your Non-Fungible Tokens?

NFT art now has accessories that make it just like… normal art. A company called Danvas has developed the world’s first-ever luxury, museum-quality NFT art display. The Danvas display is an LED device. Like a normal frame for normal art, but way, way more expensive. But it has some touches that bring the design into the digital …

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FBI seeks Bitcoin wallet information of ransomware attackers

The FBI, along with two other federal agencies, CISA and MS-ISAC, asked U.S. citizens to report information that helps track the whereabouts of the hackers. NEWS   Three federal agencies in the United States — the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency and the Multi-State Information Sharing and Analysis Center …

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Crypto investment app Bitpanda adds commodities trading

Crypto investment app Bitpanda adds commodities trading

QUICK TAKE Crypto investment platform Bitpanda has launched the ability for users to trade commodities such as oil, natural gas, aluminum and wheat. This follows previous product additions such as its July addition of thematic crypto indices and the launch of its exchange-traded note last year which tracks the price of bitcoin. Crypto investment platform …

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Singapore’s DBS commits to crypto offerings despite slump: report

Singapore’s DBS commits to crypto offerings despite slump: report

Singapore’s largest bank, DBS, aims to expand its cryptocurrency and digital assets offerings to 300,000 new clients in the face of the crypto bear market, according to a Financial Times report on Tuesday. Fast facts In an interview, DBS CEO Piyush Gupta said recent losses incurred by retail investors in the crypto market crash highlight …

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ShadowFi Exploit Allows $300k Liquidity Drain, Massive Cryptocurrency Loss

ShadowFi tweeted about the cyber attack. Hackers made an attack on DeFi systems possible by a crypto-private effort known as ShadowFi. A prominent blockchain security firm, Peckshield, sounded the alarm and revealed the exploitation cost around $300,000. In what way did the hack take place? According to ShadowFi, an attacker drained its liquidity pool contract, …

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Bank of Russia Reportedly Looking at Legalizing Crypto Cross Border Payments

Bank of Russia Reportedly Looking at Legalizing Crypto Cross Border Payments

Following Global sanctions issued against Russia to cripple its economy over the country’s invasion of Ukraine, It seems Russia has had enough time to think of the consequences and is moving to bypass sanctions by legalizing crypto cross-border settlements for the foreseeable future The Russian Ministry of Finance and the Bank of Russia said that …

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Poolin pauses withdrawals from Pool Accounts, admits liquidity issues

Poolin pauses withdrawals from Pool Accounts, admits liquidity issues Bitcoin And Crypto Mining Farm. Image: Envato Elements Poolin has paused withdrawals from its wallets known as “Pool Accounts”, the major Bitcoin and cryptocurrency mining pool said in a statement on Monday. Fast facts A recent surge in withdrawal demand is the primary root of the …

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