Crypto News

2022-08-25 16:58:46 Ethereum Foundation Announces the Final Date for the Much-Awaited Merge.

The Merge, as announced by the Ethereum Foundation, will happen in two steps. The primary step is the Bellatrix network upgrade that is set to occur on September 6, 11:34 AM. The network upgrade is followed by the Paris upgrade, which will complete the execution layer’s transition from proof-of-work to proof-of-stake. Paris is estimated to take place between September 10 and 20, 2022. Open / Comment

2022-08-24 06:19:18 Coinbase’s ENS integration goes live

Coinbase‘s Ethereum Name Service (ENS) integration is live, changing wallet usernames to an ENS subdomain of Coinbase IDs. Users can change their ENS names once a year and use them in any manner they choose to, as long as it complies with Coinbase’s Subdomain Terms — which have yet to be announced.

ENS is a decentralized identity infrastructure provider, and its integration will allow Coinbase users to use a personalized and decentralized form of identification within the Web3 space. To make the ENS migration as fast as possible, Coinbase will store the new usernames off-chain for the time being. The exchange said it is planning to further decentralize by carrying them on-chain. The current Coinbase usernames are also built on top of ENS infrastructure and, therefore, a type of ENS. Open / Comment

2022-08-23 20:17:59 Cardano’s Adademon will Launch Metaverse Game Soon

The Metaverse-based play-to-earn platform Adademon has altered the NFT gaming industry that it has signed a development contract with renowned NFT game production studio CUBIX.co. The Adademon team has disclosed that the game’s MVP and an ADADEMON metaverse visual trailer would be released the following week. The team has also created an NFT land called Elysian Plains, which consists of 150,000 separate pieces of land, each with its own distinct characteristics and easy access to the resources required to build a fully functional ADA Demon metaverse. The Overlord effect is one of the special characteristics of Elysium’s Lands.  Open / Comment

2022-08-22 17:59:24 Hackers Used Deepfake of Binance CCO to Perform Exchange Listing Scams.

Hackers and scammers are refining their methods by including more technological tools in their schemes. Binance chief communications officer (CCO), Patrick Hillmann, reported last week about a new and sophisticated way in which attackers have used his image to perform a listing scam operation.

Hillmann stated that hackers managed to program an AI (artificial intelligence) hologram of him, a kind of deepfake that was used to scam representatives of several cryptocurrency projects in Zoom calls. The hologram was able to fool these projects into believing that they were being considered for listing on Binance and that Hillmann was part of this operation. Open / Comment

2022-08-22 05:47:49 Uniswap has blocked 253 crypto addresses related to stolen funds or sanctions

Decentralized exchange Uniswap has blocked 253 crypto addresses in its four months of working with blockchain analytics firm TRM Labs. The addresses were mostly blocked because of connections with stolen funds or transaction mixing services like Tornado Cash, which was recently sanctioned by the US Treasury. Open / Comment

2022-08-21 08:25:40 ​​ENS Domains Surpass Two Million in Record-Breaking Quarter

draw attention to the recent surge in domain names, ENS developer Nick Johnson contrasted two milestones in ENS history: that it had taken five years to amass one million domain names, while it took only 3.5 months to reach two million. Open / Comment

2022-08-19 08:06:06 The latest updates on Crypto Projects and News.

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2022-08-18 08:49:16 Uzbekistan restricts access to digital asset exchanges—Binance, FTX affected

Uzbekistan is strengthening its implementation of digital asset legislation and oversight. As the citizens of the country swarmed to the asset class, the wave of adoption has attracted several exchanges. According to the Uzbekistan government, most of these exchanges reportedly bypassed requisites for proper licensing. The authorities have hence recently restricted access to such entities, which include certain notable exchanges, such as Binance.

In a recent press release, the National Agency of Perspective Projects (NAPP) of Uzbekistan addressed the current state of the digital assets industry in the country. The agency highlighted the surge of exchanges, but mentioned that most of them never obtained proper licensing Open / Comment

2022-08-17 11:47:37 BitGo says it will seek over $100 million after Galaxy moves to end acquisition

a statement shared with The Block, BitGo said it "intends to take legal action against Galaxy Digital for its improper decision to terminate the merger agreement with BitGo. Open / Comment

2022-08-16 06:28:09 Sri Lankans make crypto Ponzi scam claims

Many Sri Lankans have been duped by a fake cryptocurrency investment scheme which has swindled millions of rupees.

Read more:
https://www.aljazeera.com/economy/2022/8/15/sri-lankans-make-crypto-ponzi-scam-claims Open / Comment