Dubai Regulator Grants Bybit Provisional Crypto License
Bybit, the world’s second-largest crypto exchange by derivatives volume, has obtained a two-year provisional license in Dubai after establishing its headquarters in the city. An announcement shared with Cointelegraph indicates that the Virtual Asset Regulatory Authority (VARA) has granted a non-operational license to the centralized crypto exchange (CEX). According to Helen Liu, the chief operating […]
ETH Whale turns $87K into almost $40M after 8-year Hodl
The Ether whale acquired 16,636 ETH on the ShapeShift crypto exchange at $5.23 per token in 2016, now worth over $40 million in 2024. A recent example from an Ether whale demonstrates that a straightforward buy-and-hold approach can also deliver remarkable results, although complex trading strategies can generate significant profits for investors. Ether was trading […]
BaseBrosFi Project Vanishes after Rug Pull
BaseBrosFi, a decentralized finance (DeFi) protocol on the Base blockchain, disappeared from the internet after an unaudited smart contract stole users’ investments. BaseBros terminated its official website and social media accounts on Telegram and X on September 13. Chain Audits, a blockchain security firm that had previously audited some BaseBros smart contracts, discovered that the […]
Hedera Transfers Entire Codebase to Linux Foundation
The Linux Foundation has recently launched a decentralized trust initiative, and Hedera, a decentralized public network, has announced that it is transferring its codebase to the initiative. The Linux Foundation received the decentralized network’s complete source code, encompassing its hashgraph consensus algorithm, as well as all essential services, tools, and libraries. The objective of Hedera’s […]
Circle, Sony Block Solution Partner for USDC Expansion
Sony Block Solutions Labs has partnered with stablecoin issuer Circle to increase the adoption of USDC on the firm’s layer-2 blockchain, Soneium. On September 15, Circle disclosed its collaboration with Sony’s blockchain division to incorporate its Bridged USDC Standard and designate the stablecoin as one of Soneium’s primary tokens for value exchange. According to the […]