Digital currency news: The Latest Compilation
Digital currency news blog would include Binance's recent decision, SEC registration, SushiSwap, GSER, Bitcoin.org, DogeCoin, and Bitcoin news. Continue reading for more understanding.
Let me start the blog with a question, what is the best way to learn what’s happening. Of course, by collecting, and reading the digital currency industry latest news in UK. Binance is a world-known cryptocurrency trading exchange and has been offering services all around the world. But now, it will cease operations in Australia after facing constant criticism and scrutiny. Australian people who have been using Binance's services can no longer create new accounts, cryptocurrency futures, and leverage tokens. However, they can still use Binance's services until December 23rd. This will be effective from Friday, and many users were not happy with this news. However, the company states that this protocol is applied to ensure that the services are not disrupted. In separate news, several cryptocurrency companies have applied to the SEC (Securities and Exchange Commission) to register themselves as ETF (Exchange-traded fund) sellers. One such company is Invesco (from Atlanta), which wants to register Invesco Galaxy Bitcoin Digital Funds, among others. Different companies are creating these funds to capture the NFT marketplace. Another company, Illinois-based Amplify ETFs also applied for the registration. SushiSwap, a decentralized exchange working on liquidity mining, and other protocols have been in the news for a supposed bug issue. According to a cryptocurrency enthusiast and a whitehat hacker. He allegedly snooped through the inside details through smart contracts. This means that multiple funds are worth $1 billion worth in funds. This person said that he has found several vulnerabilities in the network, especially on MasterChefV2, and MiniChefV2, both are responsible for
governing SushiSwap’s reward strategies and farms, such as Polygon, Binance Smart Chain, and Avalanche. As per a GSER report (Global Startup Ecosystem Report), most startups are working on Blockchain and are working out ways to utilize it and leverage it accordingly. This shows that technology is becoming a part of everyday life. The report also shows that Blockchain can be applied across every vertical, and industry. In a previous post, we have discussed Bitcoin.org. Today, we will again discuss it, as it got shut down due to a scam attack. The website was showing a fake giveaway for free Bitcoins. They reported it to the concerned authorities, and Namecheap made the website offline. This may be due to the exploitation of a DNS server. A Bitcoin developer said that this area should be focused on while working on those issues. Dogecoin is a cryptocurrency that is at an all-time high. Businesses are choosing it because of it's multiple benefits. Right now, the market is rife with Bitcoin hodlers, who can play a crucial role in driving the price. This is positive news after being almost silent for the majority of the year. However, there will be some resistance at some levels. If you want to learn more about it, then you should read and follow the digital currency industry latest news in UK. For more information, tune yourself in with us.