crypto blog
Alibaba Cloud launches NFT solution… then quickly memory holes it
The cloud business unit of Chinese marketplace giant Alibaba Group Holdings launched a new NFT solution and then promptly deleted all mention of it online. According to a now-deleted Twitter post announcing the launch on June 8, the firm’s NFT marketplace solution included “web hosting, digital marketing & content delivery” infrastructure, but is no longer listed on its website despite. There are also no press releases or announcements related to the NFT solution on Alibaba’s website anymore, and while the solution’s webpage link still shows up in Google search results, it now redirects to Alibaba Cloud’s solution index page. Deleted Alibaba Cloud tweet: WayBackMachine The reason behind the deleted social media posts and delisting on its website are unclear at this stage. While crypto ...
Bloomberg Terminal supersizes its crypto coverage: 40 more coins
Financial and technical information platform Bloomberg has vastly expanded its coverage of crypto markets after a decision to include data on the top 50 crypto assets to the Bloomberg Terminal. Product manager for cryptocurrencies at Bloomberg Alex Wenham suggested that as “the global institutional investor” community’s interest in digital assets continues to grow, they will need a way to “seamlessly incorporate digital assets into their workflows.” Bloomberg already had 10 cryptocurrencies in its terminal as of 2018, including BTC, ETH, and XRP. The expansion adds an additional 40 coins to the mix such as SOL, allowing financial professionals and institutions access real-time financial market data and to place trades. This is the largest expansion of its crypto data since Bloomberg Termin...
Rainmaker Games Announces the First Cross-Chain, GameFi-Exclusive NFT Marketplace
Austin, Texas, 9th June, 2022, Chainwire Rainmaker Games is glad to announce the launch of the world’s first-ever cross-chain, GameFi exclusive NFT Marketplace as part of its popular GameFi platform. For the first time in the GameFi industry, gamers can explore aggregated top NFT listings from across Web3, complete with guides, strategies, and reviews all in one place. This robust NFT marketplace seamlessly integrates with Rainmaker’s game discovery engine, ushering in the next generation of frictionless gameFI experience. Throughout the entire development process, Rainmaker Games has prioritized ease of use and accessibility. Nothing has changed with their cross-chain and cross-platform NFT marketplace. The Rainmaker Platform is also complete with comprehensive Game Guides, in-depth Buyin...
Crypto privacy is in greater jeopardy than ever before — here’s why
Despite the latest technology, the world has yet to crack the code for privacy and security online. But that isn’t the only big problem we need to worry about. Hackers and robbers are tricking innocent users into giving up their private information as society becomes increasingly digital — and virtual currencies have a role in all of this. Cryptocurrencies smashed records in 2022, with the market topping $2 trillion for the first time ever. And while this has been greeted with excitement by current investors, it’s made others more wary. Why? Because as the asset class grows, it becomes more appealing to malicious actors. And for evidence of this, you only need to look at the growing number of users being targets of cryptocurrency robberies. The big question is this: if these cr...
Anonymous hacker served with restraining order via NFT
Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token, marking the first known legal process to be facilitated by an NFT. The so-called “service token” or “service NFT” was served to an unnamed defendant in a hacking case involving LCX, a Liechtenstein-based cryptocurrency exchange that was hacked in January for almost $8 million. As Cointelegraph reported at the time, the attack compromised the platform’s hot wallets, resulting in the loss of Ether (ETH), USD Coin (USDC) and other cryptocurrencies. Holland & Knight has become the first law firm to serve a defendant by #NFT, which was created and airdropped by our #AssetRecovery Team. Learn more from our client @LCX. https://t.co/wWs2cOVVY1 ...
Tether is ‘instrument of freedom’ and ‘Bitcoin onramp,’ says Bitfinex CTO
On a sun-splashed day in the Swiss Alps, the chief technology officer of Bitfinex and Tether, Paolo Ardoino, shed light on the Plan B Lugano strategy, Tether as an onramp into Bitcoin (BTC) and —crucially — his favorite pizza toppings. Fresh off the plane from Norway, where Ardoino attended an increasingly Bitcoiner-friendly event, the Oslo Freedom Forum, the Italian explained that, in contrast to the WEF,there was no “shilling” in Norway. Tether was invited to speak at the Oslo Freedom Forum as the stablecoin is increasingly considered an “instrument of freedom.” Tether has been adopted by the Myanmar government while the Ukrainian government has accepted crypto donations, including Tether, since the onset of the Russia-Ukraine war. “Tether is one of the tools to be used by di...
This key Ethereum price metric shows ETH traders aren’t as bearish as they appear
Ether (ETH) is down 25% in just a month and even the recent upgrade to a proof-of-stake (PoS) consensus on the Ropsten testnet failed to move the altcoin’s price. The merge is meant to address energy-use issues and open a path for higher transaction output, but the actual full transition for the Ethereum network is not expected until later in the year. Ethereum developer Parithosh Jayanthi also noted that some bugs on the PoS implementation emerged, but those should be fixed over the coming weeks. Luckily for Ethereum, two of its top competitors recently faced challenges of their own. The Solana (SOL) network faced the fifth outage in 2022 after no new blocks were produced for four hours on June 1. Every decentralized application was halted until the validators were able to addr...
Lithuania aims to tighten crypto regulation and ban anonymous accounts
In its efforts to fight money laundering risks and the possible schemes of Russian elites circumventing financial sanctions, the 2.8-million nation of Lithuania is planning to tighten its scrutiny over crypto. As the local Ministry of Finance announced on Wednesday, June 8, various ministries of the Lithuanian government approved legal amendments to anti-money laundering (AML) and countering the financing of terrorism in the crypto sector. The amendments to the current law — should they later be approved by the Seimas, Lithuania’s legislature — would stiffen the guidelines for user identification and prohibit anonymous accounts. The new regulations would also tighten up demands for exchange operators — from January 1, 2023, they will be obliged to register as a corporate body w...
Tether deploys new USDT token on the Tezos blockchain
Leading cryptocurrency stablecoin Tether has announced the launch of a new asset, Tether (USDT) tokens built on the Tezos blockchain, and with the ambition of expanding their digital footprint across the digital payments and decentralized finance (DeFi) sector. According to the press release, “USDT on Tezos will power revolutionary applications across payments, DeFi, and more.” In conversation with a Tether representative, greater context was provided as to the intended utility of Tether tokens: “Tether tokens are not an investment but a utility for engaging in internet commerce, combating volatility, and providing a safe haven for remittances. Tether tokens can be securely stored, sent, and received across the blockchain and are redeemable for the underlying asset, subjec...
Crypto exchange Binance seeks critical licenses in Philippines, CEO says
Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm’s operations within the Philippines. In a press briefing in Manila, the Binance CEO mentioned that the exchange is looking to obtain the virtual assets service provider license, which allows the platform to legally facilitate the exchange of digital assets and the conversion of crypto to the Philippine peso. Apart from the VASP, Zhao also noted that the trading platform is working to acquire an e-money issuer license from Banko Sentral ng Pilipinas, the country’s central bank. This license will allow Binance to issue electronic money. The Binance CEO also talked about plans to expand the country’s operations within the country. According to Zhao, the f...
Polygon taps Airbnb’s director of HR to spearhead its decentralized workforce
Ethereum layer-2 scaling solution Polygon (MATIC) has announced the hiring of Bhumika Srivastava in a bid to consolidate its strategy and cultural ambitions for the company’s 500-employee global workforce. Serving as the head of human resources and director for employee experience at Airbnb for the past five years, Srivastava arrives with an illustrious portfolio and plethora of experience from her work in Web2, having occupied senior roles at Adobe, Yahoo, Tesco PLC, and Snapdeal. Srivastava’s appointment marks a consistent trend in Polygon’s hiring strategy of prominent figures within the Web2 space, such as the former head of gaming at Youtube, Ryan Wyatt, being hired as CEO of Polygon Studios in January and, more recently, Tyler Sellhorn being brought on to p...
DeFi project ChangeX lands advisory board from major industry giants, oversubscribes ICO by 180%
Sofia, Bulgaria, 9th June, 2022, Chainwire Hybrid Banking/DeFi project ChangeX is proud to announce the onboarding of a new advisory board, with experts of SoftBank, Merrill Lynch, and Citibank fame. The move reflects ChangeX’s efforts to streamline institutional capital acquisition and strategic development, after successfully oversubscribing the ICO for the CHANGE token by 180% on June 1. ChangeX’s newly formed advisory board sees SoftBank Vision Fund’s Neil Cunha-Gomes, whose crypto investments include Consensys (one of the most reputable brands in the industry, behind flagship projects such as MetaMask) and Elliptic (one of the most trusted crypto compliance solutions providers), working alongside seasoned experts Dimiter Gurdjilov and Stefan Ivanov, who together have 50+ years of expe...
