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Samsung Continues Support for Crypto with New Flagship Smartphone

Unveiling the Samsung Galaxy S20 range recently, the Korean tech giant said the phone’s security system includes a new “secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key.” Continue reading Samsung Continues Support for Crypto with New Flagship Smartphone

DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

The attack – the second in less than a week – began at just after 03:00 UTC Tuesday, when attackers apparently took out a flash loan of 7,500 ETH (approximately US$1.98 million), using 3,518 ETH (~$939,300) to purchase synthetic USD stablecoin sUSD from the issuer, which they then posted as collateral for a bZx loan, according to an analyst on Twitter. Continue reading DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto

Bloomberg’s campaign published a financial reform plan Tuesday, advocating for greater consumer protection measures and a stronger financial system. Specifically, the proposal suggests requiring financial institutions to monitor risk exposure, recording all financial transactions in a centralized database, strengthening the Consumer Financial Protection Bureau and a number of other recommendations. The proposal also recommends creating a regulatory sandbox for startups and “providing a clear regulatory framework for cryptocurrencies.” Continue reading US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto

Square Crypto Is Creating a ‘Lightning Development Kit’ for Bitcoin Wallets

Announced Tuesday, the new kit includes an API, language tools, demo apps and other features to help developers integrate support for Lightning payments into their own wallets. Existing bitcoin wallets will also be able to support Lightning through the new kit, rather than requiring companies to build a separate wallet. Continue reading Square Crypto Is Creating a ‘Lightning Development Kit’ for Bitcoin Wallets

HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally

Nearly $7 million worth of Ethereum has been emptied out of the HEX purchase address in the past few days. A series of 36 transactions, each containing 1,337 ETH, depleted the bulk of the remaining Ethereum which had been sent to the HEX purchase address. Continue reading HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally