Funds worth an estimated $13 million were successfully shielded from attackers after Komodo reacted to a security vulnerability. Crypto wallet provider Komodo effectively hacked itself to prevent fraudsters from accessing its users’ funds, the company confirmed in a blog post on June 5. Security researchers had alerted the company to a vulnerability in its Agama wallet. Realizing […]
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Binance has hired a new strategic officer, an executive who worked on business strategy at Dell and the NBA. Major cryptocurrency exchange and blockchain platform Binance has hired a former strategic executive at Dell and the National Basketball Association as Binance’s global strategy officer, according to a press release shared with Cointelegraph on June 5. […]
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TrustToken, the stablecoin operator behind usd-pegged token TUSD, announced a partnership with Binance. TrustToken, the stablecoin operator behind usd-pegged token trueusd (TUSD), announced a partnership with major cryptocurrency exchange Binance in a press release shared with Cointelegraph on June 4. Per the release, as a result of the partnership, Binance users now will be able […]
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Peer-to-peer bitcoin trading platform LocalBitcoins removes in-person cash deals — what does that mean for the future of cash trades? On June 1, Finnish peer-to-peer (p2p) bitcoin (BTC) trading platform LocalBitcoins quietly removed in-person cash trading from its service. Three days later, the company publicly confirmed the ban on Twitter. As per the accompanying statement, […]
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ConsenSys’ Joseph Lubin says Ethereum is already scaling and that Ethereum 2.0 is set to launch within two years. Joseph Lubin could arguably be seen as a star at any blockchain event these days, but at the Ethereal Summit last month — organized by Ethereum-focused development company ConsenSys, which he co-founded — he was especially […]
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LINE Pay Corp. is partnering with Visa on new blockchain and digital payments solutions. LINE Pay Corporation, the operator of fintech services on major Japanese messaging app LINE, is partnering with American payment services firm Visa on new blockchain and digital payments solutions. The news was revealed in a press release shared with Cointelegraph on […]
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The U.S. SEC has filed a complaint against alleged cryptocurrency firm Longfin Corp. and CEO Venkata S. Meenavalli over new discoveries of alleged fraud. The United States Securities and Exchange Commission (SEC) has filed fraud charges against supposed cryptocurrency firm Longfin Corp. and its CEO Venkata S. Meenavalli, according to a press release on June […]
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Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months. Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5. Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a […]
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Non-custodial peer-to-peer exchange HodlHodl announced Lightning Network support. Non-custodial peer-to-peer (P2P) bitcoin (BTC) exchange HodlHodl announced Lightning Network support in a Medium article published on June 5. The announcement claims that now “everyone is able to buy bitcoins and receive them directly into their Lightning wallet & sell bitcoins directly from their Lightning wallet.” The […]
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South Korean authorities will spend $677,000 to apply blockchain in the billing system of the national postal service. South Korea’s national postal service Korea Post is planning to apply blockchain technology to its billing system, local news agency News1 Korea reports on June 5. The initiative is a collaboration between the South Korean government and […]
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