Hodlnaut suspends services due to liquidity crisis
Crypto lending platform Hodlnaut is suspending transactions including withdrawals and deposits, citing market conditions and a lack of liquidity as a reason. On Monday, the crypto lending business released a formal statement explaining why it had to cease its operations and stating that it was already working on a recovery strategy. Additionally, Hodlnaut announced that […]
Stealth addresses should be used for anonymous NFT ownership – Vitalik Buterin
Vitalik Buterin, co-founder of Ethereum is proposing the usage of stealth addresses which is a low-tech method for the incorporation of privacy features into nonfungible token, or NFT, transactions. Buterin hinted that Merkle trees and Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge, or ZK-SNARKs, were a more difficult approach for generating stealth addresses for ERC-721 coins […]
Binance and WazirX promise to work with the ED on shady deals
The Directorate of Enforcement (ED) announced in January that it was looking into allegedly suspicious money laundering transactions involving some private companies through WazirX Following the unexpected public altercation between WazirX CEO Nischal Shetty and Binance CEO Changpeng Zhao (CZ) on Saturday regarding WazirX’s ownership, the majority of Indian business news sites prominently covered the […]
Polygon-Based Dragoma Rug pulled, DMA Drops 99%
PeckShield, a blockchain intelligence, and security company claim that the project’s native token, DMA, lost more than 99 percent of its value. The most recent instance of such an incident in the cryptocurrency realm included Dragoma, a Web3 lifestyle sports application based on Polygon. After being listed on MEXC, the price of its native token, […]
Nigeria becomes the most crypto-obsessed country after April crash
Nigeria burgeoning interest in cryptocurrencies is being spurred by the lack of competent financial services in the nation According to Google Trends information on the most popular search phrases in 15 countries, “Ethereum” searches outnumbered “Bitcoin” searches in 14 of them. Most cryptocurrencies lost more than 60% of their value from their peak valuation during […]