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Singapore Shuts down all Crypto ATMs Operation, following Crypto Public Ads Prohibition Imposed

All cryptocurrency ATMs in Singapore have been shut down by the Monetary Authority of Singapore, following the city-state’s prohibition of all crypto-related advertisements in public spaces. “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said Daenerys &

Multichain under fire from users as hacking losses grow to $3M

Hackers have continued to exploit a critical vulnerability in the cross-chain router protocol (CRP) Multichain that first appeared on Jan 17. Earlier this week, Multichain urged users to revoke approvals for six tokens to protect their assets from being exploited by malicious individuals. However Multichain’s announcement on Jan. 17 encouraged more hackers to try the

EU Market Watchdog Speaks Against Renewable Energy Mining for PoW

The Vice-Chair of the European Securities and Markets Authority (ESMA), Erik Thedéen, has taken an unpopular stance against the use of renewable energy for all Proof-of-Work (PoW) mining operations. In an interview with the Financial Times, Thedéen said the use of renewable energy can derail member nations from focusing on the climate change goals set

Lamborghini Ventures into NFTs with New Collection

Italian luxury car manufacturer Lamborghini is launching its Non-Fungible Token (NFT) collection to cement its foothold in the emerging digital art world. The company said its NFTs, which will be a total of 5, is a digital version of ‘Space Key’, a physical object crafted from a 3D composite material sent to the International Space

Individual ETH miner hits jackpot with $540K block reward

An individual Ether (ETH) miner struck it big by mining a block on their own and receiving a reward valued at about $540,000.  The miner was operating through the 2miners Ethereum SOLO pool on Jan. 17 when they mined an entire block and received 168 ETH. That reward vastly outstrips the per-block average reward of

Shark Tank Investor Kevin O’Leary Says Solana (SOL), Polygon (MATIC) and Hedera (HBAR) Have ‘Large’ Potential

Shark Tank star and billionaire investor Kevin O’Leary sees several leading altcoins that he believes have the potential to add problem-solving value as the blockchain world expands and evolves. In an interview with Anthony Pompliano on The Best Business Show, O’Leary says cryptocurrencies should be viewed as functional “software” rather than simply alternate forms of

Polygon Starts Burning MATIC Tokens After Successfully Implementing Ethereum (ETH) Update

The layer-2 scaling solution Polygon (MATIC) has successfully implemented a much-publicized Ethereum (ETH) update and is now burning native MATIC tokens. Ethereum Improvement Proposal 1559 (EIP-1559) went live on the Polygon mainnet on Thursday, occurring on Block #23850000. EIP-1559 first introduced a highly anticipated fee-burning mechanism into the Ethereum network in August, meaning that each