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KuCoin’s Hot Wallet Private Keys Stolen, Estimated $150 Million in Damages
KuCoin exchange reported a security breach at 04:50 AM (UTC+8) this Saturday. The time of the announcement coincided with the completion of the security operations necessary to limit the damages. By...

IRS Asks Simple “Yes or No” Question to Deal With Crypto Tax Evaders
Starting this year, the U.S. Internal Revenue Service (IRS) is increasing priority on cryptocurrency taxation. The personal federal income tax form 1040 will now include a mandatory “Yes/No” quest...

Optimistic Rollups Finally Make It to Ethereum, Synthetix Offers Rewards to Participate
Optimism PBC has launched the first phase of its Layer-2 scaling solution for Ethereum. Leading DeFi platforms beginning with Synthetix Network, Chainlink, and Uniswap are already lining up to enjoy c...

NEO’s DeFi Project Flamingo Botched Its Yield Farming Launch
The launch of yield farming on NEO-based Flamingo was postponed after “heavy demand” overloaded one of NEO’s official wallets, prompting developers to delay the launch by 24 hours. NEO-Backed Fl...

Ripple’s New Non-Profit Bolsters XRP Prices
Ripple launched a new non-profit organization tasked with achieving mass adoption for XRP Ledger. Investors welcomed the initiative by pushing XRP prices up by more than 9%. Encouraging Growth and Inn...

You Can Now Send Crypto on Twitter and Facebook Via Mask Network
Mask Network has launched a crypto trading widget for social media users, as presented in a blog post from the project. Mask Network Integrates Facebook and Twitter With Mask Network’s plugin, crypt...

Ocean Protocol Taps Balancer to Create a Marketplace for “Data Tokens”
While the market focuses on the plight of DeFi tokens, Balancer and Ocean Protocol have teamed up to build the sector’s first fair marketplace to buy and sell data. Ocean’s data tokens will be lis...

Latest Digital Dollar Proposal Spells Trouble for Commercial Banks, Private Citizens
The president and CEO of the Federal Reserve Bank of Cleveland, Loretta J. Mester, revealed plans for a new digital dollar on Wednesday. The plans outline a complete overhaul of the existing system, e...

European Union to Create “Legal Certainty” for Cryptocurrencies, Blockchain Companies
The European Commission has put forward a prospective regulatory framework for cryptocurrencies and stablecoins, as discussed on the organization’s website and in original documents. European Union:...

What Is Polkadot? Introduction to DOT
Polkadot is a blockchain protocol designed to support multiple chains within a single network. It aims to overcome a problem in the current blockchain landscape: hundreds of blockchains exist in isola...