Switzerland-based SEBA Bank has achieved another milestone in its global expansion plans by securing a regulatory license from Hong Kong regulators for its wholly-owned subsidiary, SEBA Hong Kong. The license allows SEBA Hong Kong to offer regulated cryptocurrency services to institutional investors in the city-state. This significant development comes after three months of receiving in-principle
Crypto
Ava Labs, a prominent crypto startup known for its development of the Avalanche blockchain, has recently made the decision to lay off 12% of its workforce. Founder and CEO, Emir Gün Sirer, confirmed this move, stating that it will allow the company to reallocate resources towards company growth and the expansion of the Avalanche ecosystem.
Bitrace, a leading research firm, has recently uncovered a deeply concerning trend within the Telegram coin exchange robot ecosystem. This trend revolves around the TRC20 USDT cryptocurrency and involves a significant number of addresses linked to gambling, money laundering, stolen coins, and fraudulent activities. Such activities not only pose a threat to innocent users but
Space and Time, a leading player in the data warehousing industry, has recently announced its collaboration with Google Cloud’s warehouse, BigQuery, to enable its novel zero-knowledge (ZK) proof for SQL operations. This groundbreaking development, known as ‘Proof of SQL,’ aims to provide developers with the ability to cryptographically verify the accuracy and integrity of query
Bitcoin, often referred to as “digital gold,” has emerged as a store of value currency and an inflation hedge, according to Jurrien Timmer, Head of Global Macro at Fidelity. In an insightful post, Timmer highlighted the striking similarities between Bitcoin and gold and suggested that both assets could be part of the same investment strategy.
Unibot, a decentralized trading platform, has taken immediate action to address the recent hacking incident that occurred on October 31. The company has confirmed that it will fully compensate users who were negatively impacted by the attack. Despite a decrease in the value of Unibot tokens following the hack, the company remains optimistic about a
Northern Data, Europe’s prominent Bitcoin miner and data cloud provider, recently announced its success in obtaining a significant debt financing facility of EUR 575 million (equivalent to over $609 million) from stablecoin issuer Tether. Through an established loan agreement, Northern Data aims to utilize this unsecured facility to expand its operations and investments across its
The integration of Bitcoin into the world of football continues to gain momentum. Botev Plovdiv, Bulgaria’s oldest football club, has taken a leap forward by embracing Bitcoin as a payment method for fan shops and in-stadium purchases. Furthermore, the club plans to expand this payment option to include ticket purchases in the near future. This
Stars Arena, the decentralized social finance application, is facing a major setback as its CEO, Chill Pill, unexpectedly announced their resignation. This surprising development comes in the aftermath of a significant smart contract exploit that severely impacted the platform. With the total value locked (TVL) plummeting from nearly $3 million to just above $300,000, Stars
In an ever-evolving cryptocurrency landscape, security is of paramount importance. Recognizing the need for enhanced security measures, the BNB Chain has recently launched a groundbreaking solution called BNB Safe{Wallet}. This secure multi-signature wallet service, built on the Gnosis Safe protocol, aims to provide BNB Chain users with robust protection for their digital assets. The Gnosis
A recent report by blockchain security firm Hacken has shed light on the risks associated with investing in cryptocurrency projects that lack audit reports. The Q3 2023 Security Insights report revealed that out of 78 examined rug pulls, only 12 projects had undergone and reported audits. An audit report conducted by an independent third-party serves
In the midst of the ongoing conflict between Israel and Hamas, two assets have emerged as frontrunners in terms of notable price increases – bitcoin and gold. As the geopolitical tension continues to impact financial markets, many investors are keen to determine which asset will outperform the other during this volatile period. The Israel-Hamas war,
Crypto exchange Kraken recently announced its plans to suspend trading, deposits, and withdrawals for select stablecoins in Canada. This move follows the footsteps of other Canadian exchanges that have implemented similar measures due to regulatory guidelines concerning the legal status of these tokens. In an email sent to CryptoPotato, Kraken revealed that it is now
From being a mentor to Sam Bankman-Fried to referring to him as a “colossal mistake,” Anthony Scaramucci is closely following the criminal trial and believes the former crypto mogul will find himself outmatched by government prosecutors who will systematically dismantle his defense. Scaramucci’s disillusionment with Bankman-Fried is evident, as he believes the decision to testify