Polygon’s VP of Global Business Development for gaming Urvit Goel believes games that integrate nonfungible tokens (NFTs) have a natural edge on traditional games that don’t allow users to sell their in-game items. Goel spoke candidly with Cointelegraph in Seoul last week about Polygon’s (MATIC) push toward helping NFT games proliferate and why game publishers in South Korea like Neowiz […]

Velodrome Finance, a trading and liquidity marketplace, announced the recovery of $350,000 stolen on Aug. 4. However, the occasion turned bittersweet when internal investigations pointed out the involvement of a prominent team member, who goes by the pseudo name Gabagool. On Aug. 4, one of Velodrome’s high-worth wallets — dedicated for operating funds such as salaries — was drained off […]

ING Bank, a financial institution based in the Netherlands, has unveiled a new crypto product called Pyctor, which will provide crypto custody services and a post-trade infrastructure platform to GMEX Group, a trading enterprise with a special niche for crypto assets. ING Bank Unleashes Pyctor The move is coming at an unusual time. The digital currency market has been in […]

The government of Uzbekistan, which has previously made significant steps toward a moderate approach to crypto, announced Wednesday that it has restricted access to a number of large international crypto exchanges due to accusations of unlicensed activity.  In a statement from Aug. 10, the National Agency of Perspective Projects (NAPP) projects informed that “various electronic platforms” provide services for trade […]

The co-founder of the Asian crypto exchange Huobi Global, Leon Li, is currently in talks with several potential buyers as he is looking to offload a majority stake in the company. The deal could value Huobi at an eye-watering $3 billion, sources close to the situation say. Huobi Co-Founder Contemplating $1 Billion Exit Citing people familiar with the discussions, Bloomberg […]

Binance has frozen $450,000 of stolen funds from the Curve Finance front-end exploit. FixedFloat had also frozen about $200,000 in funds. The exploit was quickly patched by the team, limiting the damage. There has been an update from the front-end hack incident of Curve Finance, with Binance seizing $450,000 of the stolen funds. That makes for nearly $650,000 of the […]

A whopping 76% of surveyed financial institutions plan on using crypto within the next three years, according to the report. Ripple’s new report highlights trends in the adoption and utilization of emerging technologies like crypto and blockchain in enterprise and financial institutions.  Both financial institutions and enterprises are understanding the benefits of internal crypto usage. The most common reason is that […]

MakerDAO founder Rune Chirstensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its DAI stablecoin from the United States dollar (USD). The founder’s comments came in light of the recently announced sanctions on crypto mixer Tornado Cash, noting to MakerDAO’sDiscord channel on Aug. 11 that the sanctions are “unfortunately more serious […]