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Smart contract platform Nibiru Chain has unveiled a $15 million initiative in NIBI tokens to fuel its developer ecosystem.

Kraken-backed Nibiru Chain allocates $15m in NIBI tokens to boost developer activity

Nibiru Chain, a proof-of-stake blockchain backed by HashKey Capital and Kraken Ventures, has allocated $15 million in NIBI tokens as part of the so-called Nibiru Builder Gran...

5 months ago

Escaped South Korean Criminal ‘Had Help from Others’

Escaped South Korean Criminal Suspect ‘Used Weapon to Rob OTC Crypto Buyer’

The Ministry of Justice said on April 17 that the suspect was being held at the Seoul Detention Center on fraud charges. The center allowed the suspect to leave in November 2023 to att...

5 months ago

Unreported Income from Crypto Mining in Sweden

Sweden Busts 18 Data Centers for Secretly Mining Crypto

Sweden’s tax agency identified irregularities in 18 locally operating companies, finding that they hid their involvement in crypto mining, it said Wednesday. The i...

5 months ago

The suspension of Ten&Ten’s Travel Rule Solution service led to Upbit halting deposits and withdrawals exceeding the equivalent of $721.

Upbit suspends crypto transactions exceeding 1 million won

Upbit — one of South Korea’s largest crypto exchanges — will suspend deposits and withdrawals of digital assets of more than 1 million Korean won ($721). The move com...

5 months ago

Crypto.com’s VC Arm Scale Back

Crypto.com CEO Expresses Concern over Surging Valuations in Crypto Sector

Crypto.com CEO Kris Marszalek has raised concerns about the sustainability of the surging valuations in the cryptocurrency sector. In a recent interview with Bloomberg, Mars...

5 months ago

NFT Trading in Decline

PayPal Says NFT Purchases No Longer Backed By Its Protection Program

Payments giant PayPal plans to remove non-fungible token (NFT) purchases from its purchase protection program from May 20. In an online announcement, PayPal said amendme...

5 months ago

Eleven member organizations are taking part in the experiment focusing on the United Kingdom's RLN.

UK trade association experiments with Regulated Liability Network

UK Finance, a banking and finance trade association based in the United Kingdom, has announced the beginning of an experimental phase focusing on the U.K. Regulated Liability Network (RLN). Elev...

5 months ago

The firm’s CEO, Eowyn Chen, shared a screenshot of the supposed “high-risk” exploit being sold on the dark web for a whopping $2 million.

‘Disable iMessages’ ASAP to avoid crypto zero-day exploit: Trust Wallet

Crypto wallet provider Trust Wallet is urging Apple users to disable iMessage, citing “credible intel” of a zero-day exploit that could allow hackers to take control of users’ ...

5 months ago

Crypto Regulations Making Significant Strides

Reserve Bank of Fiji Says Crypto Not Recognised as Legal Tender

The central bank of the Pacific island country of Fiji has released a note to the public cautioning that cryptocurrencies and virtual assets such as Bitcoin, Ethereum, and Tether are not re...

5 months ago

The South Korean manufacturing conglomerate also plans to invest up to $45 billion in expanding its Texas facility by the end of the decade.

Samsung secures $6.4B grant to expand Texas chip manufacturing: Report

Samsung will receive $6.4 billion worth of grants from the United States government to expand its chip manufacturing in Texas. The South Korean manufacturing conglomerate secured the g...

5 months ago