Tech

The CEO of a South Korean crypto exchange has been indicted on charges of leaking classified information to North Korea.  Earlier this month, authorities arrested the executive along with an army major, who authorities pinned weeks later, in the espionage operation.  North and South Korea have been embroiled in harsh relations since fighting a war in the early 1950s. Apart from recent frictions between other states and North Korea, the historical animosity between these two countries further exacerbates the alleged…

An aggrieved Trezor user has filed a class-action lawsuit against Intuit which is the parent company of Mailchimp. Trezor users previously reported phishing attacks as part of a breach of a Mailchimp newsletter database. Levinson v. Intuit Earlier this month, Trezor, a producer of hardware wallets, launched an investigation into phishing attacks targeting its users. This was due to a data breach involving Mailchimp's services. Alan Levinson, a Trezor user, reportedly lost $87,000 worth of cryptocurrency from his Trezor wallet…

Binance is creating employment for El Salvadorian youths to remedy the rate of gang-related activity in the country.   According to the exchange’s CEO Chapeng Zhao, employment opportunities targeted at young Salvadoreans could keep them off the streets. In the past weeks, the country has had its share of gang incidents. A situation that was dire enough to keep pro-crypto President Nayib Bukele off the recent Bitcoin conference. Early this morning, Zhao revealed that Binance already recruited 7 new Salvadorean employees.…

Major exchange Binance has announced the recruitment of two tech veterans, Rohit Wad and Mayur Kamat. According to Binance’s release, the exchange expects the new additions to help expand its ongoing Web3 developments. On April 1, Rohit Wad, a former corporate VP at Microsoft, assumed the position of Binance's new Chief Technology Officer. Mayur Kamat, previously the VP of product at Agoda, is now the head of product at the cryptocurrency exchange. Binance seems intent on leading the Web3-based future,…

Following the integration of some major blockchain ecosystems, active Opera users will now benefit from blockchain services and decentralized apps (dApps). Opera revealed earlier today that its Web3 browser will now support eight blockchain ecosystems. Solana, Polygon, StarkEx, and Bitcoin are among these ecosystems, as are IXO, Ronin, Nervos, and Celo. This innovation will also provide its consumers with easy access to blockchains and decentralized app solutions. The company touts Opera Crypto Browser as the world's first Web3 browser, with…

On Tuesday, the Trust Wallet team made an official announcement that its app was no longer available on Apple’s App Store. According to Trust Wallet’s Reddit Mod, the decentralized wallet became unavailable at 1 pm PST. In light of this, new users will be unable to download the app on their iOS devices. Old users of the app can still use the app but will be unable to update or reinstall the app. The team noted that they are working…

LCX, the Liechtenstein Cryptoassets Exchange, has announced a new initiative to tokenize diamonds as Tiamonds NFTs. Instead of holding the genuine gemstone, investors can own its blockchain representation and gain cryptocurrency for not selling it. This project should help average consumers learn more about tokenization and use this technology to earn a passive income. Furthermore, the fintech company puts forward 1 million TIA token rewards for those who buy and hold onto their Tiamonds. Diamond Tokenization Takes Off As the…

The world's largest cryptocurrency exchange Binance has announced the launch of its own fiat-to-crypto payments provider. As announced on Monday, Bifinity will be the official fiat-to-crypto payments provider for Binance. The payments financial technology company will connect businesses, merchants, and users to the world of crypto and blockchain. Bifinity will support over 50 cryptocurrencies globally along with all major payment methods, including VISA, Mastercard, and more. Users will also have access to "NFT checkouts," allowing users to trade across different platforms.  …

Guardio, a young cyber security company, has detected a sophisticated chain of attacks on non-custodian wallets. Major attack methods employ social engineering techniques and renewed phishing methods to trick wallet owners.   The security company's research team explained an ongoing attack on the popular crypto wallet, MetaMask. In effect, Guardio suggests several wallets have been compromised, in what is a grand-scale operation. In the cybersecurity team's opinion, the recent wave of attacks could set the tone for more vicious ones. While…