Experts yet to explain surge in ETH active addresses
Many people have made assumptions regarding the origin of the abrupt, jarring increase of active addresses on the network. Santiment, an on-chain measurement company, said it is still looking into what caused the unexpected rise of ETH active addresses, which has outpaced the previous ATH by a staggering 48 percent. The analytics company tweeted on […]
Backlash after Harmony suggests issuing 4.97 billion tokens to pay victims
Harmony plans to refund either 100% of 4.97 billion new ONE tokens or a 50% reimbursement of 2.48 billion ONE tokens. The Harmony blockchain project team has suggested that victims of the $100 million Horizon Bridge hack in June receive compensation in the form of up to 4.97 billion of its native currency ONE. Members […]
Johnny Lyu, CEO of KuCoin, launches “Anti-FUD Fund”
The exchange’s Anti-FUD Fund was established soon after a dispute between KuCoin CEO Johnny Lyu and a whistleblower who said the exchange was bankrupt. The CEO of cryptocurrency exchange KuCoin claims that the company is establishing a “Anti-FUD Fund” to find “FUDers,” potentially pursue legal action against them, and instruct cryptocurrency users on how to […]
Hong Kong is the most crypto ready nation in 2022
The number of crypto ATMs in relation to a country’s population and geographic area, as well as the number of blockchain companies per 100,000 people, were taken into account while determining that country’s preparedness. The survival of crypto depends on public approval, but for it to become widely used, governments must establish a supporting infrastructure […]
Japan’s Ministry of Economy establishes a Web3 policy agency
The new organization will collaborate with the creative sectors and financial authorities to develop metaverse and web3 regulations. The opening of the Web3 Policy Office by the Ministry of Economy, Trade and Industry (METI) of Japan in the Minister’s Secretariat is a significant milestone for the buzzword. The new organization pledges to bring together the […]