Kyber Network Sets Date for Launch of Katalyst Protocol Upgrade

On-chain liquidity protocol Kyber announced on June 29 that a major upgrade of Katalyst protocol will go live on July 7, 2020. The upgrade includes changes to the Kyber Network Crystal (KNC) token model to attract more participants to the development of the protocol. According to the announcement, Katalyst aims to reduce friction in liquidity contributions, introduce rebates for high-performing reserves, and allow decentralized apps to integrate with the Kyber network by adding a custom spread. Participating in governance Among the features included in the upgrade is the launch of…

North Korean Hackers to Launch a Global COVID-19 Phishing Campaign

A study by cybersecurity vendor, Cyfirma, warned about a massive phishing campaign that will be launched by the North Korean hacker group, Lazarus, on June 21. The campaign will allegedly target six nations and over 5 million businesses and individuals. According to the report published on June 18, Lazarus will subject Singapore, Japan, India, the United Kingdom, South Korea, and the United States to a massive phishing campaign. Hackers will reportedly attempt to take advantage of people receiving payments established by several countries in an attempt to mitigate the COVID-19…

Growing Excitement as New Projects Launch

Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space. They include longtime DeFi leader Synthetix (SNX), along with the up-and-coming Thorchain (RUNE) along with the just-launched Ren (REN) and mSTABLE (META). RUNE has increased 167% in the past 30 days, REN is up 36% (mostly in the past week),  and SNX is up 35% — and 2,600% since its lows prior to launching last year.  “I think the fact that Australia is punching way above its weight in DeFi…

Civic to Launch Vaccination-Proofing Tool on Apple & Google App Stores

Civic Technologies, a San Francisco-based innovator in digital identity solutions, announced on June 16 that its Civic Wallet is now available in the App Store and Google Play.  Civic Wallet has also formed a partnership with Circle Medical, a San Francisco hospital. Together, they will act as a Covid-19 vaccination-proofing tool for Circle Medical’s employees.  Five hundred Circle Medical employees will be able to test for Covid-19 at a Circle Medical testing site located in the San Francisco Bay Area. They state that new locations will be added in the…

Binance to Launch UK Trading Platform for Institutional and Retail Investors

Leading cryptocurrency exchange Binance will be expanding to the United Kingdom with a regulated crypto trading platform for both institutional and retail investors.  With this platform, Binance aims to tap the institutional investment market and meet the rising demand for digital asset investments in this sphere.  Binance is reportedly reviewing 65 digital assets that it plans to list on the exchange at launch. Investors will be able to trade these assets directly against pounds and euros, Reuters reported. Being a regulated exchange, Binance’s trading platform will function under the supervision…

UK Watchdogs Launch Ad-Scam Alert System to Crack Down on Online Fraud

The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB) launched a new system on June 16 to detect and remove online fraud ads. According to the Telegraph, the system will allow people to report fraudulent ads, especially those that appear in paid-for spaces. One of the main motivations behind the alert system is ongoing concerns about the rise in ad scams that are mainly related to crypto-related fraud, said both authorities. Increasing concerns on the surge of crypto-related scams The ASA quoted figures released by the…

South Korea to Review Legal Issues Surrounding Potential CBDC Launch

South Korea’s central bank, the Bank of Korea, has formed a legal advisory group to evaluate issues surrounding a potential central bank-issued digital currency (CBDC) launch. According to a press release the central bank issued earlier today, the group includes six experts, namely three professors, two lawyers and one BOK official.  The panel will reportedly operate until May 2020, although the BOK’s CBDC plans are not set in stone.  Notably, back in April the central bank launched a 22 month-long pilot scheme to assess the logistics of issuing a CBDC,…

Filecoin Mainnet Launch “Is on Track”

After releasing details of its testnet competition several days ago, Filecoin business development staff Angie Maguire said the project’s mainnet is on pace for this summer. “The Filecoin mainnet is on track for our launch window July 20 to Aug. 20,” Maguire told Cointelegraph via email correspondence on June 10, pointing back to the project’s public roadmap.  Filecoin will run a testnet competition, starting soon Filecoin, a blockchain-based data storage project, announced its upcoming testnet competition on June 10, prior to its upcoming mainnet launch. Meant to work out the kinks…

India’s ‘Crypto Spring’ as Wave of New Exchanges Launch

The repeal of the Reserve Bank of India’s (RBI) crypto ban has driven a boom in exchanges launching in India, offering hope that the growth of a robust local industry will incentivize lawmakers to maintain India’s permissive regulatory apparatus. In March, India’s Supreme Court repealed the Reserve Bank of India’s (RBI) ban on financial institutions providing banking service to businesses operating with virtual currencies — legitimizing India’s cryptocurrency firms. In recent weeks, Indian startup Tradehorn became the latest domestic exchange to launch,  local derivatives platform Delta Exchange announced strategic funding…

Bitfury to Launch Bitcoin Mining Fund for Institutional Investors in Japan

Bitfury, a cryptocurrency mining and blockchain development firm, is planning to launch a Bitcoin (BTC) mining fund in Japan in July. Katsuya Konno, the head of  Bitfury Japan, confirmed the development with Cointelegraph Japan today.  As uncertainty regarding traditional markets amid the coronavirus pandemic continues, investors are increasingly paying attention to Bitcoin and cryptocurrencies as an alternative investment. However, there has not yet been a way for investors in Japan to gain indirect exposure to Bitcoin through crypto-related infrastructure.  The new offering will purportedly be the first crypto-mining fund in…