Author: Saheel Khirodkar
Saheel Khirodkar
Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.
The United States Securities and Exchange Commission (SEC) has raised concerns about Binance’s proposed $1 billion acquisition of Voyager Digital, a crypto lender. The SEC has filed a “limited objection” to the deal, stating that there is a lack of information regarding: Binance’s ability to fund the acquisition How Binance’s operations will look following the deal How customer assets will be secured during and after the transaction Additionally, the regulator has requested more detail on what would happen if the transaction is not completed by April 18. The SEC has communicated its concerns to Voyager, and the lender plans to…
Cryptocurrency platform Juno has advised its users to withdraw their assets as a precaution due to issues with its current custodian partner. The company has temporarily stopped allowing users to purchase cryptocurrencies on its platform and has converted stablecoins to USD as a result. Juno plans to find a new custodian partner to resolve the issue. In the meantime, the company has recommended that its users withdraw their assets and store them in self-custody wallets to ensure the safety and security of their assets. Users also have the option to sell their assets for fiat currency if they do not…
Central bank digital currencies (CBDCs) are a type of digital currency issued and backed by a central bank, similar to physical banknotes and coins. In recent years, the idea of CBDCs has gained increasing attention from both the public and policymakers, as more and more countries explore the possibility of issuing a CBDC. One of the main arguments in favor of CBDCs is their potential to increase financial inclusion. In many developing countries, a large percentage of the population is unbanked, meaning they do not have access to traditional financial services such as bank accounts and loans. A CBDC could…
There will be a software upgrade for the next network, and it will allow staked Ether to be withdrawn after it is implemented in Shanghai. Ethereum developers announced that they are moving forward with a crucial software upgrade that would allow users to withdraw Ether tokens used to run the blockchain network during their first online meeting of the year. The upgrade is anticipated to go live in March, the developers previously stated in December. A number of other features that many developers wanted to add to the Shanghai upgrade are being delayed in order to enable token withdrawals as…
Because they are decentralized and largely unregulated, cryptocurrencies have exploded in popularity over the past 11 years since the creation of Bitcoin. Investopedia defines central banks as “a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations.” This makes them a threat to central banks. The newest buzz centers around central banks wanting to develop their own digital currencies or cryptocurrencies because they are unable to control the influence and growth of cryptocurrencies. Some governments are debating it, while others have already begun working on it. What…
A portion of the 150,000 pieces of cryptocurrency mining equipment that Iranian authorities had previously seized due to energy concerns must be released, per court orders. Over the past two years, Iranian authorities have seized a lot of cryptocurrency mining equipment, citing strain on the energy grids during the winter. In an effort to save energy, a court has now mandated the release of crypto-mining machinery that had previously been impounded. Due to looming power shortage worries, Iran’s Organization for Collection and Sale of State-Owned Property (OCSSOP) has been seizing authorised and unauthorised mining equipment since 2021. But in the…
A bug in Uniswap has been fixed that could have cost users millions, if not billions, of dollars. By total value locked, the DEX is the largest exchange in the world, with $3.26 billion in assets under management. The Dedaub team was the first to identify the re-entrancy error that could have resulted in the loss of user funds. They then informed the Uniswap development group. The DEX developer acknowledged the error, fixed it, and redeployed the Universal Router smart contracts across all of Polygon’s chains. https://twitter.com/dedaub/status/1610058814094450694?s=20&t=7Mi4oFzheTfwr3PAGRykAQ The Dedaub team noted that this weakness was introduced as a result of…
Logan Paul claims that people he trusted stabbed him in the back, and he plans to sue Coffeezilla for their unethical and careless reporting. Logan Paul, a YouTuber, responded to Stephen Findeisen, aka Coffeezilla, after the latter was accused of defrauding CryptoZoo investors. Paul alleges betrayal by trusted individuals Paul claimed in his opening remarks that Coffeezilla’s inquiries into CryptoZoo were driven by a desire to capitalise on his notoriety. In pursuing influence, he continued, Findeisen has exposed himself to “very real repercussions.” “Like many on this platform, you have successfully used my name for views and money. While your…
Cardano DEXs did wellHowever, the network’s TVL has been declining in tandem with daily activity.MELD DeFi, a popular Decentralized Exchange (DeX) on the Cardano [ADA] network, said in a 2 January tweet that it will be increasing its scope and growth. It would do this by transforming into a multi-chain protocol and launching on Avalanche in the months ahead. The Cardano – DEX relationshipThe DEX has also just earned its Electronic Money Institute (EMI) licence, allowing it to accept American consumers and operate in over 100 countries. However, MELD Defi was not the only DEX that demonstrated network gains. Miniswap,…
Despite the turmoil in the cryptocurrency market, Final Fantasy developer Square Enix is preparing to double down on blockchain game production, according to a Jan. 1 letter from the Japanese company’s president, Yosuke Matsuda. The letter, titled “A New Year’s Letter from the President,” sought to summarise the company’s significant achievements in 2022 and outline its goals for 2023. Seven of the 15 paragraphs were on blockchain gaming, indicating that blockchain gaming would be a significant emphasis of the company’s investing strategy in the future. Matsuda claimed that “blockchain entertainment” is the investment sector on which his team would be…