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Nox Bitcoin, a cryptocurrency exchange in Brazil, has taken the unprecedented step of using its own funds to refund customers for their TerraUSD coins at the full rate. Following local media’s report on May 20, the Nox Bitcoin exchange has refunded all UST holders at a $1 rate with Tether’s USDT. The report stated that …
While the crypto market struggles to find any positive news, OpenSea just threw a major announcement. This new update is set to revamp the way NFTs are traded. It’s been a while since the crypto market witnessed any significant positive news. What is Seaport Opensea? Will the NFT market bounce back and continue to breakthrough? …
Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency in Moscow Prison A high-ranking representative of the management of Butyrskaya prison, in the Tverskoy …
The issue between South Korea’s authorities and Terraform Lab is not over. The platform was recently called out for operating in the country without remitting taxes. The report last week revealed that Terraform owes nearly $80 million to the South Korean government for taxes. However, the founder of Terra, Do Kwon, has refuted the claim. …
Digital artist Beeple’s Twitter account was hacked today as part of a phishing scam that appears to have stolen more than $70,000 in Ethereum. According to the NFT artist and others on Twitter—including Harry Denley, a security expert at cryptocurrency wallet MetaMask—Beeple’s account temporarily shared a phishing link that, if clicked on, would steal users’ …
Illustration by Mitchell Preffer for Decrypt Crypto fans, fear not. The worst is over. After seven long weeks of declines, prices finally stopped falling. Though how long that will hold is anyone’s guess. Over on Crypto Twitter this week, Terra CEO Do Kwon stood in the dock as conspiracy theories were hurled at him and …
Peter Smith, CEO of leading cryptocurrency exchange and wallet supplier Blockchain.com, has cautioned more cryptographic money obliteration is coming temporarily yet accepts that over the long haul, this sort of annihilation will prompt a more grounded industry. Digital money costs have as of late experienced elevated unpredictability after the breakdown of the Terra biological system, …
Vladislav Sopov Yet another high-profile sneaker manufacturer jumps on the bandwagon of NFT euphoria Contents Sneakmart releases MetaKicks NFTs together with StockX Exciting collaborations to go live soon Sneakmart, an iconic French footwear producer, scores a partnership with StockX marketplace: the two will release both tokenized and “physical” sneakers. Sneakmart releases MetaKicks NFTs together with StockX …
Since Satoshi Nakomoto introduced bitcoin in 2009, there has been sporadic adoption of cryptocurrencies as a medium of exchange and for digital payments. These cryptocurrencies are, however, stored in web3 wallets, which hold these cryptos until they are needed for use. Essentially, different types of web3 wallets are used to store and carry out cryptocurrency …
Multi-chain protocols have proven to facilitate DeFi adoption and decentralised trading. Before now, Uniswap (UNI) and PancakeSwap (CAKE) have been ringleaders in decentralised trading and liquidity provision. Unfortunately, Uniswap and Pancakeswap can only support their network standard tokens—ERC20 and BEP20. Only that PancakeSwap is a bit more tilted towards cross-chain than Uniswap because of its …