Huobi chief in talks to sell $1 billion stake in crypto exchange
Huobi Group founder Leon Li is engaged in talks with a group of investors as the Chinese entrepreneur is looking to sell his majority stake in the crypto exchange at a valuation between $2 billion to $3 billion, according to a Bloomberg report.
Li is reportedly seeking to sell about 60% of the firm. A potential deal could bring the Huobi founder more than $1 billion, making it one of the biggest in the crypto industry to date.
ETC rallies ahead of Merge update on Ethereum
Following the announcement of The Merge update, ETC has surged, reaching a high of $44.59. (the highest in the last 4 months).
ETC has increased by 7% in the last 24 hours and is now trading at $41.39.
Taiwan’s Digital Affairs ministry turns to Web3 to guard against mainland China cyberattacks following Pelosi’s visit
Taiwan’s Ministry of Digital Affairs (MODA) is in the process of integrating the InterPlanetary File System (IPFS), a piece of Web3 technology used for decentralised file sharing.
This move was done to guard its website against cyberattacks from mainland China, Digital Minister Audrey Tang Feng told the state-run Central News Agency (CNA) on Tuesday.
KuCoin Wallet integrates 1inch for implementing native swap function
Cryptocurrency exchange KuCoin has entered into a partnership with the 1inch DeFi data aggregator protocol to enable native swaps for its global users at the lowest prices across all decentralized exchange platforms.
The partnership with 1inch will further deepen KuCoin’s penetration into the DeFi space and enable it to provide more convenient services to its growing user base.
Decentralized apps on Polygon hit 37,000, rocketing 400% this year
The number of decentralized applications (DApps) on Ethereum-scaling-platform Polygon has topped 37,000, marking a 400% increase since the start of 2022.
The Polygon team cited its partnership with Alchemy as a key driver behind the surging number of dApps being built on the network, as the Web3 platform’s infrastructure makes it “significantly easier for Polygon developers” to build dApps.
Paris Hilton builds her own virtual Malibu Mansion in The Sandbox
11:11 Media, Hilton’s company has partnered with The Sandbox to build her Malibu Mansion and expand Paris World.
According to Sebastien Borget, Co-founder of The Sandbox, The Sandbox will provide a creative space that allows anyone to let their imagination come to life, and Paris Hilton is building a glamorous fantasy land filled with virtual parties and diverse entertainment attractions from her universe.
Ankr receives a strategic investment from Binance Labs
According to a press release shared with CryptoPotato, Ankr has been the recipient of a strategic investment from Binance Labs. The specifics around the total amount invested remain undisclosed.
However, the proceeds will be used to double down on its RPC service while also building out its Web3 developer suite. This includes Liquid Staking DK, Web3 Gaming SDK, as well as Application Chains as a Service. ANKR reacted positively to the news, gaining 47.87% in the last 24h.
dYdX confirms blocking user accounts tied to Tornado Cash
Derivatives protocol dYdX confirmed on Thursday morning that it blocked user accounts that previously interacted with Tornado Cash, in line with new US sanctions.
The exchange, though, clarified that it inaccurately banned several accounts, which had to be reversed. dYdX noted that these users hadn’t directly engaged with Tornado Cash and that they may not have known the origin of the funds transferred to them.
Curve Finance resolves front-end exploit after $570K stolen
Curve Finance acted quickly on the matter, ensuring that the damage was limited to the initial thefts. FixedFloat froze 112 ETH of the stolen funds.
A few hours after the that, Curve Finance announced that updates had been sent out, and the platform was safe to use again. The team asking users to use curve.exchange instead of curve.fi.
Aave companies requests $16.6 million compensation for work on Aave v3
Aave Companies has requested $16.6 million in retroactive funding from the Aave DAO for its work in developing Aave v3.
The $16.6 million retroactive funding will cover two payments. One part worth $15 million is for incurred work on the part of the team, while the remaining $1.6 million will be to cover smart contract auditing costs.