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Flash News

Aug 30, 2021 15:41 PM.

Australia and Singapore conclude digital verification blockchain pilot

The Australian Border Force (ABF), Infocomm Media Development Authority of Singapore (IMDA) and Singapore Customs, along with other industry representations, have concluded a blockchain trial project analyzing the status of the countries’ digital verification systems in issuing and verifying trade documents. The collaborative venture was a part of the Australia–Singapore Digital Economy Agreeme…

Aug 30, 2021 15:41 PM.

Coinbase creates support phone line for account takeovers

Coinbase has announced a new support phone line for customers who believe their account has been compromised by outside actors. Users will be able to speak to a live support agent, who can kick off an investigation immediately. In an industry where support tickets and emails are the standard method of communication, Coinbase expects that this implementation could help users save valuable time when …

Aug 30, 2021 15:41 PM.

Binance crypto exchange outage sparks outrage as traders lose millions

Outages in crypto exchanges have resulted in losses for investors trying to get out in time. While Binance has been proactive in neutralizing such situations, numerous investors are reportedly seeking damages due to the exchange’s inoperability. Speaking to CNBC, a Binance spokesperson highlighted the company’s policy that promises to compensate actual trading losses due to system or inte…

Aug 30, 2021 15:41 PM.

Canadian regulator alleges OKEx operator violated securities law

The Ontario Securities Commission claimed Aux Cayes FinTech Company Limited, a legal entity in the Republic of Seychelles that operates crypto exchange OKEx, has failed to comply with the province’s law governing securities. In Wednesday's notice, the Ontario Securities Commission, or OSC, alleged that Aux Cayes may have engaged in illegal activity and could face regulatory action if it fails to …

Aug 30, 2021 15:41 PM.

Polygon will create a decentralized autonomous organization

Ethereum scalability infrastructure developer Polygon said it will form a decentralized autonomous organization, or DAO, for all of its community members, as well as projects in decentralized finance, or DeFi. In a Thursday announcement, Polygon called on its members to express their views on the platform forming a DAO. According to Polygon, it plans to create committees to promote discussion…

Aug 30, 2021 15:41 PM.

Kusama network set to launch its next five parachain auctions

Kusama is a platform that acts as a test environment, or a so-called “canary network,” for developers to experiment and determine the efficiency of their blockchain code and applications prior to their official release on the Polkadot network. Due to the trial-and-error nature of Kusama, developers can benefit from a less stringent governance framework, as well as lower staking requiremen…

Aug 30, 2021 15:41 PM.

Bison Trails launches Binance Smart Chain support

Bison Trails, an enterprise infrastructure provider for the blockchain and cryptocurrency industry, has extended support to developers of Binance Smart Chain — a move the company says will contribute to the health and security of the rapidly growing DeFi sector. Through Bison Trails, developers on Binance Smart Chain, also known as BSC, will have access to validor node infrastructure, which…

Aug 30, 2021 15:41 PM.

Galaxy Digital partners with Bloomberg for DeFi index

Financial news site Bloomberg and Galaxy Digital Management have expanded their crypto offering to track the performance of the decentralized finance (DeFi) space. In a Thursday announcement, Bloomberg said it would launch an index currently tracking nine different decentralized finance projects with Galaxy Digital. As of Aug. 1, these projects included Uniswap (UNI), Aave (AAVE), Maker (MKR), Comp…