Membrance Finance launches regulated Euro stablecoin
According to Membrance Finance, EUROe is the first “EU-regulated full-reserve stablecoin and payment network” in Europe. According to a press release on the EUROe website, Finland-based fintech company Membrance Finance launched EUROe on February 2. It bills itself as the first stablecoin and payment network to be governed by the EU. As stated in the […]
Orion Protocol Suffers $3M Hack On Core Smart Contract
Decentralized exchange platform Orion Protocol was hacked, suffering a loss of $3 million due to a reentrancy issue in its core contract. Orion Protocol, a decentralized exchange platform, was the victim of a $3 million hack as a result of reentrancy problems from outside libraries. Users can access liquidity pools on both centralized and decentralized […]
Damus Mobile App Banned From China App Store
According to the Cyberspace Administration of China (CAC), the Damus app contains material that is illegal in China. Damus, a decentralized social network app, has been prohibited from running in mainland China due to suspicions that it contains content that is forbidden there. After being rejected several times, the mobile software, which is a decentralized […]
Binance cuts relations with Indian cryptocurrency exchange WazirX
Indian cryptocurrency exchange, WazirX must withdraw any remaining funds it has stored in Binance wallets by midnight UTC on February 3rd. A recent blog post claims that Binance is prohibiting WazirX from using its services, which is the latest development in the scandal involving the international cryptocurrency exchange Binance and Zanmai, the company behind the […]
Russia-based Sberbank to introduce DeFi platform on Ethereum
Sberbank executive Konstantin Klimenko announced that the bank’s DeFi technology will be available for commercial use from the end of April. Sberbank, the largest bank in Russia, is moving ahead with the launch of its decentralized finance (DeFi) platform and is getting ready to test the offering in the next months. According to Konstantin Klimenko, […]