Binance US ‘looking at IPO route,’ CZ says

Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance. Changpeng Zhao, founder and CEO of the global exchange Binance, talked about its ongoing regulatory issues and future plans at the blockchain virtual summit REDeFiNE Tomorrow 2021 on Friday. The CEO expressed confidence that Binance is set to face heavy regulations in the future, noting that the company “is in the mindset of shifting from a tech startup to a financial service.” Zhao reiterated that Binance had…

$8M Lost as THORChain Suffers Third Attack in a Month

Key Takeaways THORChain has suffered an attack, leading to losses of around $8 million. An attacker tricked the Bifröst protocol into accepting a fake deposit, then received a refund for the assets even though it hadn’t deposited any to the protocol. It’s the third major incident to hit THORChain in a month. A Bifröst exploit led to losses of $5 million only a week ago. Share this article THORChain says the attacker made off with around $8 million.  THORChain Hit by Another Exploit  THORChain has suffered its third critical attack…

‘Buy now pay later’ firm Zip plans to offer crypto trading in Australia and the US

Australian ‘buy now pay later’ (BNPL) firm Zip is looking to enter the crypto market by offering trading services to users within the next 12 months. Zip co-founder Peter Gray told Reuters on July 22 that expanding support for crypto trading services and providing a digital wallet was one of top requests from its clients. The co-founder kept his cards close to his chest however and didn’t outlay a specific roadmap or timetable to get there. “We know our younger generation of customers seek additional products and services that are…

KFC Korea and TriumphX marketplace sign deal to develop NFT content

Entertainment and nonfungible token marketplace TriumphX has signed a memorandum of understanding (MOU) with fast-food giant KFC in South Korea. The agreement will focus on joint blockchain research with the aim of integrating NFT technologies and enhancing the branding of the fried chicken outlet. According to reports in local media, KFC Korea plans to introduce blockchain and NFT technology to its branding content. The fast-food franchise intends to issue NFTs to its customers comprising different digital formats including video, art and graphics, and metaverse collectibles. TriumphX’s NFT issuance know-how will…

Pro-Trump MAGACOIN crypto launch marred by website data breach

The launch of a cryptocurrency developed by Donald Trump supporters last week has been marred by a website data breach. According to The Guardian, user information including IP addresses, email addresses and passwords were accessed via a poor security configuration on the project’s website. The crypto is dubbed MAGACOIN after former President Trump’s “Make America Great Again” slogan. The project’s website claims that MAGACOIN was “created by America First Conservatives out of frustration with “Losing the Election” (the site has it in quotes) and “a desire to fight back by…

Possible ‘white hat hacker’ exploits THORchain for $8M, proposes 10% bounty

Cross-chain decentralized exchange THORChain has suffered its second multi-million-dollar hack in as many weeks, with $8 million worth of Ether impacted. However, the attack appears to have been carried out by a white-hat hacker, with THORChain announcing the perpetrator had requested a 10% bounty. ETH will be halted until the code has been audited. Liquidity providers impacted by the exploit will be subsidized using the project’s treasury funds The whitehat requested a 10% bounty – which will be awarded if they reach out, and they should be encouraged to do…

‘Undo Button’ developer Kirobo launching decentralized P2P token swaps

Israeli blockchain tech developer Kirobo is launching a decentralized P2P token swap solution. According to the company the protocol, dubbed “Atomic Safe Swap,” offers a decentralized peer-to-peer trading alternative to centralized marketplace exchanges or over-the-counter (OTC) desks, and is set to launch on July 27. The service is built on Ethereum and supports Ether (ETH) and ERC-20 tokens. Atomic Safe Swap is an extension of the firm’s retrievable transfer solution,“Undo Button” which enables users to cancel and retrieve crypto transactions. The Undo Button provides an authentication key that the receiving…

Number of investors owning Bitcoin has tripled since 2018: Gallup Poll

A recent survey has revealed Bitcoin has gained traction with younger U.S. investors in terms of awareness, interest, and ownership over the past three years. The study conducted by global analytics and advice firm Gallup revealed that the number of investors in the U.S. holding BTC has jumped from 2% in 2018, to 6% as of June 2021. The research defines “investors” as adults with $10,000 or more invested in stocks, bonds, or mutual funds. It also reported that Bitcoin ownership among investors surveyed aged under 50 has more than…

‘Ethereum Improvement Proposal 3675’ for the Eth2 merge launches on Github

A formal Ethereum Improvement Proposal has been created for the network’s forthcoming chain merge, bringing Ethereum one step closer to realizing its highly anticipated Proof-of-Stake (PoS) transition. On July 22, ConsenSys researcher Mikhail Kalinin created a pull-request for EIP-3675 on Github, formalizing the chain merge as an improvement proposal for the first time. The EIP has also been slated for discussion during the July 23 Ethereum Core Devs Meeting by developer Tim Beiko. Hard to overstate how valuable’s @mkalinin2‘s work on The Merge has been, and it’s finally being formalized…