SpiritSwap, a decentralized exchange (DEX) on Fantom, will cease operations from Sep.1, roughly 828 days after launching. The announcement follows the Multichain hack which depleted SpiritSwap’s treasury, making it impossible for the DEX to fund essential operations like costs, salaries,…
As the deadline approaches for the decision to opt out of the existing $22 million settlement with Block.one (B1), the company responsible for the initial sale of EOS in a $4 billion initial coin offering (ICO) back in 2018, the…
The central bank of Russia is preparing to pilot the digital ruble, the country’s central bank digital currency (CBDC). Starting on Aug. 15, the test will aim to evaluate the feasibility and functionality of a digital rendition of the ruble. Thirteen banks…
On Aug. 9, 2023, local reports revealed that the Association of Bureaux De Change Operators of Nigeria (ABCON), responsible for formulating regulatory frameworks for naira-dollar exchange, wants Binance banned. Nigeria taking action ABCON asserted that Binance’s activities contribute to the strain on…
Aptos Labs has partnered with Microsoft to integrate AI capabilities with blockchain technology, per an announcement on Aug. 9. The Aptos Assistant, developed by Aptos Labs in collaboration with Microsoft, provides users and developers with valuable insights and analytical data on the…
Trust — white hat hacker and head of smart contract auditing firm Trust Security — shed some light on a peculiar feature of the smart contract powering PayPal’s new stablecoin PYUSD. In a recent tweet, Trust pointed out that they…
Renowned billionaire investor David Rubenstein reiterates his belief in the long-term viability of Bitcoin, citing the substantial institutional interest. In an interview with Bloomberg Television, Rubenstein highlighted the “enormous interest” in a currency that offers privacy and security against governmental…
US authorities are preparing to charge FTX founder Sam Bankman-Fried with an illegal campaign finance scheme, per court documents filed on Aug. 8. In a twist to the legal case, the prosecutors plan to file a superseding indictment for the…
Huobi will launch a trading pair with PayPal’s stablecoin PYUSD, backed by the US dollar, with a perpetual zero trading fee. Huobi users will be able to trade PYUSD The announcement highlights that the exact date of pair launch will depend…
Circle’s CEO, Jeremy Allaire, unveiled that approximately 70% of USDC adoption occurs outside the United States. Despite the perception that USDC primarily caters to the US market, emerging economies and developing regions emerge as strongholds for this stablecoin. Allaire stated…
