Wallets
Wallets

FTX lawsuits see crypto firms, influencers dial back endorsement deals

Some crypto influencers have been giving lucrative endorsement offers a hard pass after seeing what could happen if things end badly for the firm. INTERVIEW Crypto influencers are taking an extra cautious approach to endorsement deals since the collapse of crypto exchange FTX last year, which has seen several celebrities hit with a lawsuit for […]

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Wallets

Atomic Wallet says hack affected 1% of active users, but investors claim otherwise

In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds. NEWS A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users, according to the company. In the aftermath of the attack, Atomic […]

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Wallets

Gate.io denies liquidity problems after Multichain CEO goes missing

Some Twitter users posted transactions showing large inflows of MULTI and FTM to Gate.io, leading them to perceive a connection between the two organizations. NEWS Centralized crypto exchange Gate.io denied rumors of illiquidity on May 31, stating that “there are no issues with our operations or withdrawals as rumored.” The statement comes after numerous Twitter channels had […]

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Wallets

What are fan tokens, and how do they work?

1. What are fan tokens? Fan tokens, as their name indicates, are digital assets that the holder, a fan of a specific sports team, club or player, owns and derives value from.  Traditionally, fan engagement with sports teams, players, leagues and clubs was passive. Fans purchased tickets and merchandise, while the team or players collected the cash, […]

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Wallets

Crypto phishing scams: How users can stay protected

A look at the different techniques employed by crypto phishing scammers and how users can stay protected. ANALYSIS In the fast-paced and ever-evolving world of cryptocurrency, where digital assets are exchanged, and fortunes can be made, a lurking danger threatens the safety of both seasoned investors and newcomers alike: crypto phishing scams.  These schemes are […]

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Wallets

Fantom starts paying developers to generate gas fees

Developers will get a 15% cut of the fees they generate, but only if their app has done more than 125,000 transactions and has existed for three months. NEWS A new program from the Fantom Opera network team will pay developers for the gas fees they generate from users, according to a May 31 announcement. Specifically, the […]

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Wallets

Multichain team cannot locate CEO, halts service for affected chains

Cross-chain services are suspended for Kekchain, Public Mint, DynoChain, Redlight Chain, Dexit, Ekta, HPB, Onus, Omax, Findora and Planq. NEWS Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol’s leadership may have been arrested in China amid ongoing technical issues.  “The team has […]

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Wallets

Investment bank TD Cowen shuts crypto unit a year after opening

Days after Digital Currency Group’s TradeBlock started winding down operations, investment bank TD Cowen has also announced its crypto unit’s closure. NEWS Just over a year after launching its crypto unit, American independent investment bank TD Cowen has announced the shutdown of Cowen Digital, though it has not provided a clear reason why. The multinational […]

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Wallets

Australia asks if ‘high-risk’ AI should be banned in surprise consultation

The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector. NEWS The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned. Other regions, including the United States, the European Union and China, have […]

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Wallets

What is a golden cross pattern and how does it work?

A golden cross is one of the most popular bullish signals for cryptocurrency traders but it does not necessarily mean you should immediately enter the market. HOW TO A golden cross pattern on the charts excites crypto traders for its promises of profitable opportunities ahead, largely due to its impressive success rate in traditional markets. The golden […]

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