US-based IT company Solidus Labs has formed a group called the Crypto Market Integrity Coalition (CMIC), aiming to fine-tune the malpractices that riddle the crypto sector. Anchorage Digital, CrossTower, Elwood Technologies, and CryptoCompare are other companies that have joined the CMIC as founding members.
Crypto Market Integrity Coalition: 17 Firms Including Coinbase, Huobi Tech Pledge to Combat Industry Cons
Binance Pens MoU With South Korea’s YG Entertainment to Collaborate on NFTs and Other Web3 Projects
Blockchain ecosystem and cryptocurrency infrastructure provider Binance has announced the signing of a Memorandum of Understanding to build a strategic partnership with YG Entertainment (YG), one of South Korea’s leading multinational entertainment corporations that manages K-Pop groups like Big Bang and Blackpink.
WazirX Co-Founder Siddharth Menon Joins Pune-Based Game Developer SuperGaming to Focus on Web3 Initiatives
Indian game development firm SuperGaming has roped in WazirX COO and co-founder Siddharth Menon as an advisor for its upcoming Web3 initiatives that include advising on the in-game economy model for upcoming games.
Google Cloud Develops Cryptojacking Solution to Detect Mining Malware on Virtual Machines
Google Cloud has developed a new threat-detecting solution to curb hack attacks on crypto miners. The tool, named Virtual Machine Threat Detection, will work to identify and stop crypto mining malware attack facilitated by virtual machines.
India-Based Polygon Raises $450 Million From Sequoia India, Tiger Global, Softbank, Other Prominent VC Firms
Ethereum layer-2 scaling solution Polygon has raised $450 million (roughly Rs. 3,364 crore) from several big-name investors including Sequoia Capital India, SoftBank, Galaxy Digital, and Tiger Global, boosting its war chest as demand for its services grows with the adoption of Web3.
Elon Musk’s Tesla Held Nearly $2 Billion in Bitcoins by 2021-End, US SEC Filing Shows
Tesla has revealed that it held $1.5 billion (roughly Rs. 11,200 crore) in Bitcoins by the end of 2021. The company had incurred losses worth $101 million (roughly Rs. 755 crore) on its Bitcoin holdings due to the volatility-induced price cuts that the crypto asset suffered. Regardless, Tesla plans on keeping options around enabling crypto payments open for the future…
Cryptoverse: After Bitcoin ‘Winter’, Investors Hunt Risk in Virtual Worlds
As Bitcoin drifts towards mainstream maturity in 2022, daring crypto investors are eyeing up new sources of explosive action: “altcoins” that power online games and worlds.
Big Four Auditor KPMG Canada Adds Bitcoin, Ether to Its Corporate Treasury
KPMG’s Canadian operation has officially added Bitcoin and Ether to its corporate treasury, joining other major companies in converting a portion of its fiat holdings into digital assets.
Bitcoin, Dogecoin, Shiba Inu, Other Major Cryptocurrencies Open With Gains as Green Takes Over Price Charts
Along with Bitcoin and Ether other cryptocurrencies like Tether, Binance, and Ripple also scored gains. Only a few altcoins like Solana and Binance USD brought reds to the crypto price charts on Tuesday, February 8.
North Korea Stole Funds Through Cyberattacks on Crypto Exchanges to Fund Weapons Programme: UN Report
North Korea has been funding its nuclear and ballistic missile programmes with profits from cyberattacks on crypto exchange claims a media report citing a confidential document sent to the UN Security Council North Korea sanctions committee by independent sanctions monitors.