This article takes a look at Charli3 ($C3), which is “a decentralized Oracle designed from the ground up for the Cardano network” that went live on the Cardano mainnet on October 15. Oracles are “crucial components of a blockchain” since “they provide smart contracts” with “various real-world data forms, such as price information, the successful completion of a payment, the […]

The DeFi lending protocol Moola Market was recently hacked and exploited for $10 million. The attacker has returned most of the funds back to the protocol post-successful negotiations conducted by the firm. The moola market has become the latest victim of the “hacktober” mania. The Celo protocol market was recently exploited by a hacker that resulted in the firm losing […]

American taxpayers will find a broader, more defined category encompassing cryptocurrencies and nonfungible tokens (NFTs) in their 2022 IRS tax forms. The draft bill released by the Internal Revenue Service features a well-defined Digital Assets section that outlines if and how taxpayers will account for the use of cryptocurrencies, stablecoins and NFTs. Page 16 of the draft defines Digital Assets […]

BNY Mellon CEO Robin Vince says “client demand” was the “tipping point” that ultimately led to the bank’s launch of institutional-focused crypto services last week. BNY Mellon, America’s oldest bank, became the first large bank in the country to offer custody of institutional clients’ Ether (ETH) and Bitcoin (BTC) on Oct. 11. In an Oct. 17 conference call following the […]

Twitter co-founder and former CEO Jack Dorsey have lifted the curtain on the latest iteration of its social protocol and a new Bluesky Social app — as part of its decentralized answer to Twitter.  The Oct. 18 announcement comes nearly three years since the initiative was announced by Dorsey in December 2019, with the aim that social media users should […]

Australia’s top financial regulator temporarily suspends Holon Investments’ Bitcoin, Ethereum and Filecoin funds. The suspension is due to non-compliance with the required standards in filing its target market determinations.  The improved cryptocurrency regulation comes as the financial watchdog expanded its team and jurisdiction last month. As Australia’s crypto regulation tightens, virtual asset management firm Holon Investments comes in the crosshairs […]

Voyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to Three Arrows Capital (3AC) without adequate due diligence. That loan was a key element leading to Voyager Digital’s bankruptcy. Court papers filed Oct. 17 show that a Voyager Digital internal special committee has proposed that CEO Stephen Ehrlich […]

Bruno Le Maire, France’s Minister of Economy and Finance says his country is committed to supporting the fast-evolving cryptocurrency landscape but warns they are nowhere close to making Bitcoin a means of payment. Speaking during an Interview with BFMTV Monday, Bruno who has served in the capacity since 2017 noted that their goal was to “move towards the future with […]

Summary: A Munich lawyer and a couple are accused of banking crimes and money fraud in Germany. Prosecutors allege that the three persons are associates of Ruja Ignatova, founder of the multi-billion dollar cryptocurrency scam OneCoin. The crypto pyramid scam generated over $3.3 billion in revenue between 2014 and 2016, per reports. Three people who were allegedly part of the […]