Industry Talk Archives - Cryptominded

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Korean Won Edges Out US Dollar as Top Fiat Currency in Crypto Trading

The South Korean Won (KRW) has lately eclipsed the US Dollar (USD) as the main fiat currency regarding trading volume on centralised exchanges, marking a significant shift in the global cryptocurrency industry. The Korean Won enabled transactions totalling more than $456 billion in the first quarter of 2024, according to recent research by the financial […]

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Grand Base Heist: Key Exposure Leads to $1.7 Million Loss

Grand Base, a platform specifically on Coinbase’s layer-2 blockchain, has disclosed a serious security breach that cost them $1.7 million in lost revenue. This incident, which resulted from an exposed private key, caused money to be stolen and its native token’s value to plummet by 99% in a single day. Urgent requests for significant security […]

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Coinbase Seeks Early Appeal in SEC Case

With 73 million users, Coinbase is the biggest cryptocurrency exchange in the United States. It filed an interlocutory appeal in its high-stakes legal dispute with the US Securities and Exchange Commission (SEC). The motion, filed on April 12, asks for a judicial review of a critical legal issue supporting the SEC’s allegations that Coinbase functions […]

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The New Integration of Memecoins on Fantom

With the emergence of memecoins, the cryptocurrency environment is undergoing a major revolution, and one well-known blockchain platform leading this change is Fantom. A new chapter in the history of digital currencies has begun with Andre Cronje, a primary Fantom developer, announcing plans to include memecoins into the ecosystem. The Rise of Memecoins A subgroup […]

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Binance Executive Detained in Nigeria

The leading cryptocurrency exchange in the world, Binance, is currently mired in a legal dispute in Nigeria. Tigran Gambaryan, the exchange’s executive, was imprisoned for five weeks before being charged with money laundering. In support of Gambaryan, Binance has issued an official statement claiming that he has no decision-making authority within the organisation. The circumstances […]

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US Authorities Relocate $2 Billion in Bitcoin Seized from Silk Road

Blockchain data from April 2 highlighted a transfer of over $2 billion in Bitcoin (BTC), revealing that a US Justice Department-affiliated wallet first made a modest test transaction before transferring a substantial sum of 30,174 BTC. The money that was moved represents part of the Bitcoin that was seized from James Zhong, who was found […]

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Tether Achieves Major Security Milestone with SOC 2 Type 1 Audit

The well-known stablecoin issuer Tether has reached a significant milestone in its dedication to security and dependability by successfully completing the System Organisation Control (SOC) 2 Audit Type 1. The American Institute of Certified Public Accountants (AICPA) audit provides evidence of Tether’s robust IT control procedures and commitment to system security. Tether is reaffirming its […]

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US Treasury Expands Sanctions on Russian Financial Institutions

Expanding its penalties, the US Treasury’s Office of Foreign Assets Control (OFAC) is now targeting individuals and organisations operating in Russia’s banking and technology industries. Thirteen organisations and two people are implicated in this action, all associated with virtual assets that can evade US sanctions. Interestingly, five of these organisations have relationships with people previously […]

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Top 5 Mistakes When Filing Taxes (in 2024)

According to a survey by Insuranks, 22% of young adults don’t know how to file their taxes. Another survey conducted by SWNSdigital notes that 56% of young adults are intimidated by the tax filing process in general, with 28% noting that they aren’t looking forward to having to file and report their taxes. Tax season […]

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Brazil’s Blockchain Evolution: Bug Proofs on OP Sepolia Testnet

Globally, blockchain technology is still advancing rapidly, with Brazil emerging as a prominent participant in this changing field. The creators of Optimism, an Ethereum Layer-2 scaling solution, OP Labs, just made a significant statement. Before its deployment on the OP Mainnet, the team made bug proofs available on the OP Sepolia testnet. This achievement represents […]

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Fidelity’s Staking-Enhanced Ethereum ETF: A Game Changer?

Fidelity has submitted a proposal to the US Securities and Exchange Commission (SEC) asking for permission to incorporate staking rewards into its Ethereum exchange-traded fund (ETF) in a daring attempt to completely transform the cryptocurrency investment landscape. By attempting to enter the growing Ethereum staking industry, this novel strategy can provide investors with higher returns […]

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Hoskinson Clears Up Cardano FUD

Charles Hoskinson, the creator of Cardano, has stepped forward to address concerns in light of the developing culture of Fear, Uncertainty, and Doubt (FUD) inside the Cardano community. This action is primarily related to the April 2021 announcement of Cardano and World Mobile’s collaboration. Hoskinson’s involvement tries to dispel myths and restate the goals of […]

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