New draft bill for Stablecoins introduced to Congress
A new draft regulatory bill for stablecoins in the United States has been published on the House of Representatives’ document repository. This comes ahead of an upcoming hearing on the…
Nigerian crypto payment startup ‘Lazerpay’ shuts down
Lazerpay, a Nigerian cryptocurrency and Web3 company, has announced its closure after failing to raise funds in a recent funding round. Emmanuel Njoku, the company’s founder and CEO, revealed in…
Binance And Brazilian Football Federation Launch Free NFT
Binance Crypto exchange has teamed up with the Brazilian Football Federation to launch a new non-fungible token (NFT). The project is aimed at boosting fan engagement and attracting new consumers.…
MetaMask third party hacked, exposing email addresses
On April 14, ConsenSys, the parent company of MetaMask, announced a hack exposing customer email addresses. The incident affected users who submitted customer service tickets to MetaMask between August 1,…
SEC targets DeFi concerning the definition of ‘exchange’
The United States (SEC) has decided to revisit the proposal to redefine an “exchange” under the agency’s rules. The proposed rule amendment could bring crypto market participants in decentralized finance…
Silk Road hacker gets jail for stealing 50,000 bitcoin
A former Silk Road user has been sentenced to one year and one day in prison after being found guilty of stealing over 50,000 Bitcoin. He stole the Bitcoin from…
Crypto exchange Bitrue hacked for $23M in hot wallet exploit
Bitrue cryptocurrency exchange, has suffered a hot wallet exploit, allowing attackers to withdraw nearly $23 million of crypto. Bitrue made an announcement on April 14, stating that it had temporarily…
Ripple launches hub to bridge the crypto liquidity gap
Ripple, famous for offering various liquidity solutions and cross-border remittance services, has launched its liquidity hub for businesses. The new product, which was launched on April 13 after a successful…
Arizona governor vetoes blockchain node tax bill
Arizona Governor Katie Hobbs has vetoed a bill that would have prevented authorities from imposing taxes. The taxes would be exempt for individuals and businesses running blockchain nodes. Arizona Bill…
Ethereum staking reveals IP info sparking privacy concerns
Ethereum, the world’s second largest crypto, has come under scrutiny over Privacy concerns regarding staked Eth. An Ethereum Foundation researcher revealed that staking Ether (ETH) reveals a user’s IP address…