Author - James Lim

02Apr

Solana Labs co-founder introduces BunkerCoin whitepaper

Solana Labs Co-Founder Anatoly Yakovenko has directed his community towards a new blockchain protocol called BunkerCoin. The announcement coincides with the release of the white paper for BunkerCoin, a blockchain protocol designed for environments with limited bandwidth, including compatibility with shortwave radio. The white paper, released today and titled “BunkerCoin: A Low Bandwidth, Shortwave Radio-Compatible Blockchain Protocol,” presents...

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02Apr

DefiLlama: Crypto hacks comprise $7.7b in losses since 2016

Crypto hacks have cost the digital asset industry billions of dollars, with experts advising additional attention and resources toward security measures. According to DefiLlama, all-time losses incurred from crypto hacks exceeded $7.7 billion as of April 1, despite a 23% decrease in incidents during the first quarter of 2024 compared to last year. Data revealed that decentralized finance...

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02Apr

Binance forces conversion of 15 tokens to USDT

Cryptocurrency exchange Binance will force the conversion of 15 tokens into USDT. The reasons for Binance’s decision are unclear at press time. According to today’s platform announcement, Binance will convert tokens into USDT based on users’ funds in their Binance wallets at midnight on April 21. However, users can withdraw the airdropped or delisted tokens until this time. After the specified time,...

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02Apr

Vitalik Buterin shares new proposal to build a fairer crypto economy

Vitalik Buterin thinks ‘degen communism’ can make the crypto economy fairer and promote a common good amidst the market’s inherent chaos. The term ‘Degen communism’ merges the adventurous spirit of “degen” culture, known for its high-risk, high-reward investment strategies, with a structured approach to ensure that the fallout from market volatility disproportionately harms none. Advocating for this...

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02Apr

Binance establishes 1st board of directors, yet to select HQ site

Binance has appointed a board of directors for the first time as regulatory crackdown intensifies. The newly formed board will be chaired by Gabriel Abed, previously Barbados’ ambassador to the United Arab Emirates. The board comprises seven members, including Binance CEO Richard Teng and other key executives such as Heina Chen, Jinkai He, and Lilai Wang, who were...

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02Apr

Australia poised for ‘inflection point’ of crypto demand — Kraken Aus MD

Kraken Australia's Managing Director Jonathon Miller said institutional crypto demand is lagging in Australia, but stablecoins and the right policy moves could help it catch up. Australia’s crypto industry is in a good spot to benefit from a global “inflection point” for crypto demand as long as its lawmakers make the right decisions, according to a...

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01Apr

US court shoots down Custodia Bank bid for Fed master account

The U.S. District Court for the District of Wyoming dismissed Custodia Bank’s plea for a Federal Reserve master account. Custodia Bank, specializing in digital assets, has been seeking a master account from the Federal Reserve since 2020. The account, often described as “a bank account for banks,” is crucial for accessing the Fed’s payment systems. The Wyoming-based...

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01Apr

Consensys urges SEC to ‘recognize’ spot Ethereum ETFs safeguards

Consensys, the software company behind MetaMask digital wallet, is calling on U.S. regulators to recognize the advanced safeguards inherent in the design of Ethereum (ETH). The Fort Worth, Texas-based firm penned a letter in response to the U.S. Securities and Exchange Commission’s (SEC) recent request for public comments on Nasdaq’s pending application for a rule change to permit the trading of iShares...

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01Apr

Sam Bankman-Fried inspired meme coin crashed 90% after reaching 1 cent

As Sam Bankman-Fried was sentenced to 25 years in prison, meme coin enthusiasts placed their bets on a knock-off FTX meme coin humorously named Sam Baseman Fraud. On Thursday, Judge Lewis Kaplan sentenced the disgraced FTX founder to a total of 300 months in prison on several counts of fraud, money laundering, and attempted witness tampering. One developer saw the news as...

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01Apr

Vitalik Buterin calls for ‘higher quality’ meme coins

Ethereum co-founder Vitalik Buterin is becoming more vocal about the current meme coin craze. “I want to see higher quality fun projects that contribute positively to the ecosystem and the world around them (and not just by ‘bringing in users’) get more mindshare,” Buterin wrote on Friday, March 29. “At the least, more good memecoins than bad ones, ideally those...

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