South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency. The Bank of Korea has narrowed down three regions for the piloting of its central bank digital currency (CBDC), which does not include the country’s capital Seoul, according to a report from a local...Continue Reading

Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai. Major cryptocurrency exchange Binance has reached another milestone in relationships with regulators in the United Arab Emirates by winning a new license in Dubai. Binance’s Dubai-based subsidiary, Binance FZE, has obtained the Operational Minimum Viable Product (MVP) license...Continue Reading

Zero-knowledge (ZK) proofs allow for proving a statement’s truth without revealing any information beyond its validity. What are the disadvantages of zero-knowledge proofs? ZK-proofs provide privacy and security benefits, but they can be computationally intensive and complex to implement.  Developing and verifying ZK-proofs can be resource- and computationally intensive, particularly for more complicated proofs. This...Continue Reading

Brian Armstrong claimed SEC staff said all cryptocurrencies but Bitcoin are securities and requested the exchange delist all other cryptocurrencies. Crypto exchange Coinbase was once told by the United State securities regulator to delist all cryptocurrencies on its platform except for Bitcoin (BTC), according to CEO Brian Armstrong. In a July 31 interview with the...Continue Reading

Memecoin traders have been buying up obscure tokens such as Bald and Based, which have each seen staggering price gains despite questionable utility. Memecoin madness has arrived on Coinbase’s Ethereum layer-2 scaling solution Base, bringing with it everything from remarkable shitcoin surges to classic token rug pulls. On July 30, memecoin traders were snapping up...Continue Reading

The highest recently generated block reward was 584 ETH, created by a MEV bot front-running transactions during the DeFi chaos. The recent Curve Finance exploit has reportedly led to one of the largest ever maximal extractable value (MEV) reward blocks of 584.05 Ether (ETH).  On July 31, Ethereum core developer “eric.eth” reported that “today has...Continue Reading

Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges. Australia’s Bendigo Bank has become the fourth major bank in the country to announce blocks for “high-risk crypto payments,” citing the need to protect customers from investment scams. The bank said on July 31 it...Continue Reading

Today marks eight years since the Ethereum Foundation first announced the rollout of its network. The crypto community has come together to celebrate the 8th birthday of the Ethereum network, marking eight years since when the Ethereum Foundation first sent the network live. On July 30, 2015, former Ethereum Foundation CCO Stephan Tual penned a...Continue Reading

While Ethereum-based protocols have been hit with the majority of the exploit activity, BNB Smart Chain has also seen similar “copycat” exploits, according to BlockSec. The BNB Smart Chain (BSC) has reportedly suffered copycat attacks due to a vulnerability in the Vyper programming language, following a similar vein to the exploit on the decentralized finance...Continue Reading

The popularity of liquid staking tokens could usher in a new age for Ethereum and the rest of cryptocurrency — and play a key role in the new bull market. Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17...Continue Reading