CryptoBridge Closes Down and Waves Relaunches, DEXs Face Tough Times

CryptoBridge DEX went out with a bang, citing market conditions and increased regulations. Should others be worried? Earlier this week, decentralized cryptocurrency exchange CryptoBridge abruptly announced that it was shutting shop, leaving just two weeks for its customers to retrieve their funds. Around the same time, the Waves DEX also shut down to resume operations …

Pomp Joins Figure’s Board as Firm Completes $103M Funding Round

California-based fintech company Figure Technologies has completed its $103 million funding round led by cryptocurrency asset manager Morgan Creek Digital. In conjunction with closing the Series C round, the blockchain-focused firm announced that Morgan Creek co-founder Anthony Pompliano had joined Figure’s board, according to a press release on Dec. 5. The news comes three days …

South Korea Telecoms Giant Ramps Up Blockchain Roaming Deal With China

South Korea’s largest telecoms provider, KT Corporation, is boosting a partnership with China Mobile targeting blockchain technology and 5G roaming. As local English-language news outlet The Korea Herald reported on Dec. 5, KT is preparing to debut 5G roaming capabilities in China later this month.  KT Corp. eyes B.Link blockchain rollout At the same time, …

This Cryptocurrency Seems Designed For A Post-State Society

Upstart crypto company Saga wants to issue a new global currency on the blockchain. Just don’t call it a stablecoin. Saga’s SGA digital currency relies on an international reserve asset called Special Drawing Rights (SDR), which was introduced by the International Monetary Fund in 1969. This is a conventional basket of major world currencies — …

Researchers Detect New North Korea-Linked MacOS Malware on Crypto Trading Site

Security researchers have discovered a new cryptocurrency-related macOS malware believed to be the product of North Korean hackers at the Lazarus Group. As tech-focused publication Bleeping Computer reported on Dec. 4, malware researcher Dinesh Devadoss encountered a malicious software on a website called “unioncrypto.vip,” that advertised a “smart cryptocurrency arbitrage trading platform.” The website did …

Ethereum’s Proposed Hard Fork ‘Muir Glacier’ Would Delay Impending Ice Age

Ethereum developers have proposed a hard fork, named Muir Glacier, that should address the impending Ice Age, which could cause a significant slowdown on the Ethereum mainnet. In an Ethereum improvement proposal at the end of November, Ethereum developer James Hancock wrote that the proposed Ethereum Muir Glacier hard fork would push back the mechanism, …

Deutsche Boerse’s DLT Security Lending Platform Sees First Transactions

Commerzbank, Credit Suisse and UBS carried out the first transactions on Deutsche Boerse and HQLAX’s distributed ledger technology-enabled (DLT) security lending platform. According to a Deutsche Boerse press release on Dec. 3, the company jointly developed the platform with fintech firm HQLAX, which was launched by R3 and uses Corda DLT technology to provide liquidity …

Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising

The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem. In a press release shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the world attempting to solve real-world problems with …