IOTA Launches $100M DLT Foundation in Abu Dhabi
IOTA, a developer of open-source blockchain technology, is establishing the IOTA Ecosystem DLT Foundation in Abu Dhabi to expand its distributed ledger technology (DLT) throughout the Middle East. As per the declaration, the newly established organization will receive $100 million in vested IOTA digital tokens over the following forty years. Dominik Schiener, co-founder and chairman […]
BIS Innovation Hub Presents ‘Project Tourbillon’ CBDC Initiative
The Innovation Hub of the Bank for International Settlements (BIS) has released the concluding report for Project Tourbillon, a private central bank digital currency (CBDC) initiative. It features two eCash prototypes, providing anonymity and security. The November 29 publication of the 46-page report examines privacy, security, and scalability concerning two prototypes constructed using the blueprints […]
Cristiano Ronaldo Faces $1Bln Lawsuit Over Binance Promotion
Cristiano Ronaldo’s recent urging of digital asset firm Binance has prompted crypto investors to file a lawsuit. Recently, Cristiano Ronaldo, a Portuguese-origin football star, sparked a commotion in the cryptocurrency community with his support for Binance, the leading global digital asset exchange. Numerous crypto traders and investors in the broader crypto markets attributed their losses to […]
DeFi Platforms Aerodrome, Velodrome Face Front-end Hacks
On November 28, the decentralized finance (DeFi) platforms Aerodrome and Velodrome experienced front-end hacks on both platforms and took to social media to warn users. Both platforms issued statements on X (previously Twitter) that their user interfaces had been compromised and requested that users refrain from interacting with the platforms during the ongoing investigation. Approximately […]
Zipmex Cryptocurrency Exchange to Pay Creditors 3 Cents per Dollar
Troubled cryptocurrency exchange Zipmex is offering its creditors an additional payment of 3.35 cents per dollar for initial claims the company owes its clients $97 million. Bloomberg reported on November 29 that, “subject to the recovery,” Zipmex might increase the price from 3.35 cents to 29.35 cents per dollar. However, significant creditors oppose the proposed […]