Bybit Now Supports Crypto Purchases with Credit or Debit Cards

Bybit users can directly buy crypto with their credit or debit cards using fiat currencies, the cryptocurrency exchange company announced.  The launch of Bybits credit and debit card payments system “will make buying crypto as simple as making any purchase, such as books and clothes, online,” the company said.  “Bybit users can now easily buy crypto assets such as Bitcoin, collect NFTs on our marketplace, or deploy their capital in other ways to reach their personal financial goals,” said Ben Zhou co-founder and CEO of Bybit.  Currently, users can pay via the Visa or Mastercard system and according to Bybit, Visa and Mastercard due to their ubiquity and security.  In an interview with Blockchain.News, Bybit said, as security is our number one priority, we wanted to use Visa and Mastercard due to their ubiquity and excellent security, and that is why we chose a service provider who could deliver that. On a similar note, we are constantly tweaking our platform mechanisms to optimize for security and customer experience to provide the next level of trading for our users.  Bybit supports various fiat currencies, including the euro, U.S. dollar, and pound sterling. The service is available to any eligible user with a Bybit account.  Bybit has also

2022-04-27Malalim na Pagsisid

Crypto.com Backs MIT's Digital Currency Initiative With a 4-Year Partnerhship

Singapore-based digital currency trading platform, Crypto.com, has announced the Digital Currency Initiative (DCI) support at the Massachusetts Institute of Technologys (MIT) Media Lab.  As announced by the company, the support is a gift of a 4-year-based partnership whose monetary value was undisclosed.   The backing will help foster the research into the Bitcoin network while also digging into the protocols security as well as its underlying innovations. Per the defined goals of the support, Crypto.com said the gift is “designed to support continuing research efforts into the stability of fee-based rewards and software to provide strong robustness and correctness guarantees.”  “MIT‘s Digital Currency Initiative is playing a critical role in building a sustainable blockchain ecosystem, in particular by fortifying Bitcoin’s underlying protocol,” said Eric Anziani, Chief Operating Officer at Crypto.com. “We are excited to further support blockchain research across the globe with such an esteemed institution and help accelerate the worlds safe transition to using cryptocurrencies.”  The entire backing of research initiatives notably aligns with Crypto.com‘s efforts in related moves, which it publishes on a monthly basis in collaboration with members of academia. The exchange’s focus on pushing forth blockchain and crypto innovation spans other universities beyond MIT. The trading platform also backs the

2022-04-27Malalim na Pagsisid

$5.8m Fund Retrieved for Hacked Funds of Ronin Bridge: CZ

Popular exchange Binance has helped retrieve funds worth $5.8 million that was a part of the $625 million exploited from the Ronin Bridge, known as the home of Axie Infinity.  As per the exchanges boss, Changpeng Zhao, who shared the information of the retrieval through a tweet last Friday, the stolen funds were scattered across more than 86 accounts on the platform, and only a small part of the stolen cash was recovered in the process. He also added that the exchange had helped similar projects recover funds in the past.  Though CZ as he is fondly called on Twitter did not give names associated with the accounts, the $625 million exploits which have been tagged as the biggest in the crypto space, were traced to Lazarus group, a hacker group based in North Korea, by the United States Federal Bureau of Investigations. The Lazarus Group has been tied to several major hacks and crypto thefts.  The Ronin attackers made away with 173,600 ETH and 25.5 million USDC stablecoins valued at more than $625 million at the time by faking secret code to initiate the withdrawal from the bridge. The network approves withdrawal or deposit once five of its nine validators affirm an

2022-04-27Malalim na Pagsisid

Binance Denies Sharing Users Data with Russian Intelligence Agencies

Binance exchange has responded to allegations by Reuters that its Russian subsidiary has close ties to the countrys financial regulator called Rosfinmonitoring.  In the Reuters report, it was alleged that Binance shared its user data with Rosfinmonitoring in a bid to track down donations made to the opposition leader, Alexei Navalny.  Binance categorically called the Reuters report a “false narrative” and provided a context in which its relationship with Rosfin was no different from those it had with other regulators in other countries.   Binance said the allegations that it shares users data with the law enforcement agencies are misconstrued and that as a business operating in Russia, it is obligated to respond to any request from a regulator requiring it to provide any information regarding its operations, provided it is within the confines of the law.  With Binance disagreeing with the Reuters publication, the exchange said it would be filing an official complaint based on the media platforms own editorial code.  “Reuters, one of the most esteemed and trusted news agencies, published this article that completely contradicts the reputation this outlet has built over the years and is not representative of our experience working with countless other journalists in their organisation, the exchange wrote.

2022-04-26Malalim na Pagsisid

PlanetWatch Partners with Treedom to Launch "Stake for the Planet" Initiative

PlanetWatch, in partnership with Treedom, has launched a “Stake for the Planet” initiative.  PlanetWatch is the worlds first decentralised air quality monitoring network built on the Algorand blockchain. While users of the Treedom platform can virtually plant real-life trees and follow its growth online.  The “Stake for the Plant” initiative allows owners of PlanetWatchs tokens known as PLANETS to stake the digital assets in their Algorand wallet to earn a reward which will allow them to plant trees.  Each tree is linked to a collectable non-fungible token (NFT) that reflects its uniqueness, and owning the NFT is equal to owning the tree.  “Stake for the Planet” is the first step towards PlanetWatchs pledge to plant 1 million trees worldwide in the next five years to support global reforestation.  PlanetWatch has said that the “Stake for the Plant” initiative is the first step towards their pledge to plant 1 million trees worldwide to support global reforestation in the next five years.  Currently, Treedoms platform includes 1,000 trees of 12 separate species across three different continents.  “Announcing our partnership with Treedom and the launch of Stake for the Planet on Earth Day reflects our double commitment to protecting public health via air quality data and mitigating climate change,” Claudio

2022-04-26Malalim na Pagsisid

MetaHollywood Aims to Become Largest Hollywood-Themed Metaverse

MetaHollywood aims to become the largest online community within a Hollywood-themed metaverse created as a joint venture by Animoca Brands and the Planet Hollywood Group.  Movie lovers, studios, and creators will be able to interact within the metaverse and it will also consist of a marketplace for digital collectables. The entire experience is powered by blockchain technology and the joint ventures native utility token.  Planet Hollywood is the creator and worldwide developer of a consumer brand that capitalizes on the universal appeal of movies, television, sports, music and other leisure-time activities.  Animoca Brands commented on the partnership and said that “ The MetaHollywood joint venture will transform the awe-inspiring Hollywood experience into a Web3 metaverse that benefits and reaches more supporters, studios, and creators globally within a virtual environment.”  The MetaHollywood joint venture will help in the creation, ownership, interaction, distribution, and sharing of digital collectables, movies, clips, and other assets as non-fungible tokens (NFTs).  “The new platform will provide a community for collectors to own uniquely famous pieces of film history in the form of NFTs as well as to share, interact with, and experience the digital assets in a purpose-built metaverse fueled by the utility of its native token,” Animoca Brands announced.  Over 60,000

2022-04-26Malalim na Pagsisid

Kadena Protocol Announces $100 Million Web3 Grants Initiative

Kadena Protocol, a scalable Layer-1 blockchain network, has announced the introduction of a $100 million Web3.0 fund to help innovative firms develop on the network.  According to a blog post written by Francesco Melpignano, the Chief Executive Officer of Kadena Eco, the grant application is now open, and the funds will be used to assist both small and large companies eager to develop on the Kadena blockchain. The funding is particularly interested in projects that aim to develop gaming, metaverse, DeFi, and NFT-related solutions.  “Kadena Eco exists to empower builders to create new projects that transform the world. To realize this mission, we‘re doubling down on our growing community by deploying capital towards the long-term sustainability of our ecosystem,” Melpignano said. “Kadena Eco grants will be applied to projects big and small, enabling builders of all backgrounds to succeed on Kadena. With our network of technology experts and strategic partners, we’re here to support builders every step of the way.”  While Kadenas grant is similar to those of its peers, such as the ecosystem funds launched by Avalanche and Binance, Melpignano believes that gaining access to this grant will open more doors to the platforms incubators and other programs designed to help young

2022-04-26Malalim na Pagsisid

Justin Sun Proposes the Establishment of Tron DAO Reserve and to Launch USDD Stablecoin

Justin Sun, the founder of the Tron blockchain network, is stepping up his responsibility in the broader digital currency ecosystem with the establishment of the Tron DAO Reserve.   Sun unveiled the new Decentralized Autonomous Organization (DAO) in an open letter to the Tron community, citing how long overdue a reserve fund is floated to help cushion the broader industry from the shocks of the bear market and sudden price crashes.  Despite Tron being the frontrunner per its founding, Sun noted that the Tron DAO Reserve will service every blockchain protocol with the needed liquidity to stay in business when there is a major financial offset. He said the reserve will be kick-starting its operations with $10 billion, and he enjoined participants to contribute to the liquidity pool of the reserve.  “By setting up a decentralized blockchain reserve, we will be able to bring together the power of all blockchain practitioners through a DAO system and build this organization into the firmest protector of the blockchain industry and market. I believe this will be the best solution to any future crises,” Sun wrote in the open letter.  Specifically, the Tron DAO Reserve “aims to safeguard the overall blockchain industry and crypto market, prevent panic

2022-04-26Malalim na Pagsisid

Hong Kong's MTR Becomes World's 1st Transport Operator to Enter The Sandbox Metaverse

Hong Kongs MTR Corporation has become the first global transport operator to join The Sandbox metaverse to create new and immersive experiences in the virtual world.  The Corporation announced its partnership with The Sandbox on Thursday, April 21, and said that it will explore the metaverse and create new and immersive experiences in the virtual world.  The Sandbox is a decentralized gaming virtual world and a Hong Kong-based Animoca Brands subsidiary.  “We are excited for the strategic partnership with The Sandbox to embark on our new journey in the metaverse and engage customers in a brand-new way,” said Dr Jacob Kam, Chief Executive Officer of MTR Corporation.  The MTR Corporation plans to build a railway-focused virtual space in the metaverse to create unique immersive experiences through gamification and engage creators to collectively build this new community platform.  In a phone interview with Blockchain.News, the Corporation said that details about the future plans are yet to be released and currently the partnership is building a bigger roadmap for the coming years.  The future potential of the metaverse in enhancing Hong Kongs transport system is also yet to explored, Blockchain.News added.  The Corporation has also acquired a plot of land in The Sandbox metaverse where the company plans to

2022-04-26Malalim na Pagsisid

Binance Exchange Restricts its Services to Russia

Binance exchange is implementing a new account restriction policy for its Russian users in response to the European Unions fifth financial restriction on Russia for its invasion of Ukraine.  According to the trading platform, all of its users with account balances of €10,000 or more will henceforth be restricted from performing such actions as spot or futures trading and custody services, staking, and earnings, respectively.  The new restrictions will not impact the accounts of Russian citizens or individuals residency in Russia with balances below €10,000.  “Following the EUs fifth package of restrictive measures against Russia, Binance is required to limit services for Russian nationals or natural persons residing in Russia, or legal entities established in Russia, that have crypto assets exceeding the value of 10,000 EUR,” the exchange said in the announcement adding that:  “Accounts for Russian nationals residing outside Russia, as verified with proof of address, and accounts for Russian nationals or natural persons residing in Russia, or legal entities established in Russia that remain below a total value of 10,000 EUR will remain unaffected and active.”  For users who fall within the categories that warrant restrictions, the exchange said it would give the grace period of 90 days to close out all positions

2022-04-25Malalim na Pagsisid
1
...
1517
...
82