Velvet Capital, a decentralized finance (DeFi) firm specializing in asset management, briefly suspended its website’s operation to thwart a potential phishing attempt. On April 23rd, Velvet Capital’s trading platform exhibited unusual activity, prompting the company to request users’ wallet access unexpectedly while using their services. Following the results of their internal probes, Velvet Capital recommended … Read more
South Africa has granted approval for the first group of cryptocurrency businesses to legally conduct operations within its borders. The Financial Sector Conduct Authority (FSCA) has granted crypto licenses to 75 businesses in this sector for the first time. Among the recipients are VALR and Altcoin Trader, along with other companies. Starting from June, 2023, … Read more
A blockchain analysis company called Arkham has discovered numerous cryptocurrency wallets holding millions of dollars from two significant bridge contracts, which may be inadvertently left unused or stuck. On April 22, Arkham announced in a blog post that many notable figures in the crypto world, such as Vitalik Buterin, Ethereum co-founder, Coinbase exchange, and several … Read more
To those unfamiliar with it, the technology powering blockchain may appear as basic as any standard database system. But delve deeper, and you’ll find that data storage and security in blockchain is a multifaceted topic. It transcends the simple grasp of cryptocurrencies and their operations. The inner workings of blockchain involve cryptographic techniques, agreement methods, … Read more
Paypal intends to recognize and compensate Bitcoin mining companies for implementing measures to lessen the environmental impact of their businesses. PayPal’s Blockchain Research Team, collaborating with Energy Web and DMG Blockchain Solutions, suggests an approach using “crypto-economic rewards” to motivate Bitcoin miners towards utilizing eco-friendly energy options, as mentioned in their blog update on April … Read more