Archives for: June 24th, 2022

Harmony blockchain loses $100 million following hack

Written by: ( June 24, 2022 )

Hackers have stolen $100 million from cryptocurrency by stealing Layer 1 blockchain Harmony’s Horizon bridge. Harmony disclosed the hack in a tweet in the early hours of Friday morning. It revealed that it had detected a theft on the Horizon bridge, amounting to approximately $100 million. The Harmony team is working with “national authorities” and […]

ECB president urges regulation of cryptocurrency staking

Written by: ( June 22, 2022 )

The president of the European Central Bank (ECB), Christine Lagarde, called for the regulation of the cryptocurrency staking and lending sector. She made her case for the inclusion of staking and lending services in the second cryptocurrency market regulation package. According to Lagarde, passive income services in the cryptocurrency market require special attention from regulators […]

Binance halts deposits and withdrawals in Brazil amid market turmoil

Written by: ( June 20, 2022 )

Binance has stopped Brazilian real-based direct withdrawals and deposits this week due to a change at its secondary payment provider. However, the exchange stated that it would make the necessary changes in order to address this issue in the future and continue offering these services to Brazilian customers. The exchange explained the situation in a […]

Panama rejects cryptocurrency legalization amid market crash

Written by: ( June 17, 2022 )

The President of Panama, Laurentino Cortizo, has handed a partial defeat to an attempt to legalize cryptocurrency in the country. While the timing of the rejection coincides with the biggest market crash on record, Cortizo says it has nothing to do with his decision. Instead, it’s because the bill needs more work to be in […]

1989 Ferrari 640 driven by Nigel Mansell bought at auction with cryptocurrency

Written by: ( June 15, 2022 )

Nigel Mansell drove a 1989 Ferrari 640 for Scuderia Ferrari during the 1989 F1 season. The car recently went to auction, where it was purchased with the Himalaya Dollar (HDO), a stablecoin that is listed on the Himalaya Exchange. Thanks to RM Sotheby’s, the transaction was completed at €3.6 million (US$3.74 million. Both the seller […]

Cryptocurrency lender Celsius halts withdrawals as market tumbles

Written by: ( June 13, 2022 )

Celsius Network, a cryptocurrency lending platform, has stopped withdrawals due to extreme market circumstances as the digital asset market value continues to fall. After the Celsius announcement, Bitcoin fell to $23,880, a 17-month low. Ether, the second-largest cryptocurrency in the world, plummeted more than 15% to $1,250, its lowest level since January 2021. According to […]

Cryptocurrency enthusiasts in Colombia get a boost from the Bitso exchange

Written by: ( June 9, 2022 )

After opening its operations in Colombia last May, the Bitcoin (BTC) and cryptocurrency exchange Bitso now launched a new feature that will allow its users to obtain returns for their BTC and stablecoins. Bitso+ grants annual returns of 6% for BTC and 15% for the stablecoin tether (USDT), all this without additional charges or blocks […]

Ripple, Lunu team up to give Europe-based retailers access to cryptocurrency

Written by: ( June 7, 2022 )

Ripple and Lunu have announced a partnership to help luxury retailers in Europe accept cryptocurrency for payment. The point-of-sale (POS) system is used widely throughout the region, and the integration will make it easier for consumers to use crypto to make their purchases. Lunu allows luxury and high-end retailers in Europe and the UK to […]

European Union set to introduce new cryptocurrency regulations

Written by: ( June 6, 2022 )

The European Union (EU) will soon decide if it approves a proposal to require cryptocurrency firms to collect data about both the sender and recipient of a transaction. Banks and payment companies are already required to keep information that “travels” between payers or recipients under the “travel rule.” The European Parliament is about to vote […]

MS Word users may be at risk for losing cryptocurrency holdings

Written by: ( June 2, 2022 )

Web3 Security has issued a warning to all MS Word users that may have digital assets and cryptocurrency stored on their computers. “Follina,” a 0-day vulnerability that allows for full control over the computer, is taking advantage of MS Word documents, allowing hackers to infiltrate the entire operating system. This exploit is called a “mountain-of-exploits,” […]