The cryptocurrency industry has been marred by controversies and legal battles, and the latest addition to this drama involves the ongoing accusations against OPNX by creditors of CoinFLEX. In a recent development, a writ of summons has been filed in the High Court of Hong Kong, outlining allegations of OPNX’s wrongful use of CoinFLEX’s assets, intellectual properties, and trade secrets
As technology continues to advance, the European Union (EU) is grappling with the need to widen the scope of cybersecurity regulation. With more companies transitioning to cloud-based solutions to drive innovation, there is a growing concern regarding the security of big tech firms, banks, and airlines. In response, the EU Union Agency for Cybersecurity (ENISA) has proposed a new EU
The smooth process of buying and selling houses in the UK has been abruptly halted by a cyber attack that has affected multiple conveyancing firms. CTS, a legal sector specialist infrastructure service provider, has confirmed that it has experienced a service outage caused by a cyber incident. This incident has had far-reaching consequences, impacting up to 200 law firms that
The Japanese National Tax Agency (NTA) has recently conducted a comprehensive investigation into crypto tax violations, shedding light on the scale of non-compliance within the cryptocurrency industry. The data compiled in the agency’s report reveals a substantial increase in investigations launched, violations uncovered, and the cumulative value of undeclared income in the financial year 2022. Number of investigations in FY2022
In a significant move towards democratizing the blockchain industry, TokenFi has recently announced the launch of its initiatives to simplify and enhance the process of token creation. With a strong focus on providing user-friendly tools and a risk-free environment, TokenFi aims to empower individuals and organizations of all technical expertise to create their own tokens. This groundbreaking development is expected
RocketX, a leading blockchain technology provider, is revolutionizing the deployment of multichain decentralized applications (dApps) with the introduction of its beta phase developer API. This innovative API brings advanced features and a powerful routing algorithm to enable self-custodial asset swaps on-chain and across different blockchain networks. With access to a massive liquidity pool exceeding $100 billion from over 450 centralized
The UK’s National Cyber Security Centre (NCSC) has taken a significant step forward in strengthening internet security standards by revealing details of its first Request for Comment (RFC) for the Internet Engineering Task Force (IETF). The groundbreaking RFC 9424 is the culmination of three years of collaborative work with industry experts, such as Ollie Whitehouse, who is now the organization’s
The global landscape of cross-border payments and trade finance is undergoing a significant transformation with the partnership between PingPong and MODIFI. This collaboration brings forth a game-changing development in the field by introducing global B2B Buy Now Pay Later (BNPL) functionality. With a vision to empower cross-border digital commerce, PingPong and MODIFI are set to provide comprehensive digital payment and
The internet has revolutionized the way we connect, communicate, and access information. However, beneath the surface lies a fundamental problem that plagues this global network – the lack of a consistent and effective form of digital currency. In this article, we will delve into the root cause of this issue, explore the potential of Web3 and smart contract blockchains, discuss
EigenLayer, a leading blockchain protocol, has officially launched the Goerli testnet for EigenDA. This major milestone in EigenLayer’s development aims to revolutionize data availability, especially in terms of cost efficiency and hyperscale throughput. The Goerli testnet for EigenDA represents an exciting new phase in the protocol’s evolution, bringing us one step closer to the long-awaited mainnet release. Success of Restaking
In a groundbreaking move towards enhancing the user experience in on-chain payments, Coinbase Commerce has unveiled a comprehensive set of product updates. These updates are set to address the challenges posed by cryptocurrency volatility, making on-chain payments more accessible and seamless for thousands of global merchants. Unifying and Simplifying Payments Central to the update is the introduction of the Onchain
In a strategic partnership aimed at revolutionizing the digital asset management landscape, Coincover and Utila have joined forces to offer a comprehensive solution that combines unparalleled protection solutions with a secure and user-friendly wallet infrastructure. This partnership not only addresses the growing need for robust security measures but also simplifies day-to-day crypto management for institutions, making it more accessible and
