Coincheck, a Japan-based bitcoin/crypto exchange company, announced today that it will officially launch Coincheck IEO, its new Initial Exchange Offering (IEO) platform, on July 1, 2021. For its first step, Coincheck IEO will begin accepting purchase orders on July 1st for Palette tokens (PLT) issued by Hashpalette Inc. Palette tokens Palette tokens are an ERC-20 cryptocurrency that can be used on Palette, an entertainment NFT platform. They are a very high-utility token only available on the Palette consortium chain. PLT tokens can be used primarily for the following applications: 1. To purch ..read more

Ethereum attempted a decent recovery, but it failed above $2,000 against the US Dollar. ETH price is trimming gains and it might continue to move down towards $1,850. Ethereum failed to clear the $2,050 and $2,060 resistance levels. The price is trading well below $2,000 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $2,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower unless there is a strong close above $2,000 in the near term. Ethereum Price Trims Gains Ethereum found a strong suppo ..read more

The non-fungible token (NFT) marketplace Rarible has revealed the company has raised $14.2 million in a Series A funding round. Rarible details the funds will be leveraged to take NFTs to the mainstream and announced integration with the consumer-centric blockchain called Flow. Rarible Raises $14.2M in Series A Funding Round On Wednesday, the NFT marketplace Rarible, a protocol for creating, selling, and collecting non-fungible, blockchain-based collectibles, revealed the organization raised more than $14 million. The Series A funding round was led by Venrock, Coinfund, and 01 Advisors and the ..read more

Coinbase has unveiled a new tool that can automatically audit smart contracts built on Ethereum that use the Solidity programming language. Designed to be used by smart contract auditors, asset issuers, and other exchanges, the firm has plans to make the tool open source later this year In a June 23 post, Coinbase’s principal blockchain security engineer Peter Kacherginsky announced the firm’s new security analysis tool dubbed “Solidify”, which was created to improve on the “time-intensive and error-prone” process of manual smart contract analysis. The engineer noted that the exchange’s token ..read more

[embedded content] Last week someone on the Ledger subreddit reported receiving an unsolicited package with a Ledger Nano X along with a  letter from “the CEO” of Ledger. The scam tries to trick people into migrating their crypto holdings onto the new, modified device. Kraken Security Labs decided to explore this supposed phishing scam. In the video above, our security team demonstrates how this scam was supposed to play out and, as with previous Ledger phishing attacks, will explain how best to avoid these attacks from happening to you.  As an important note, there are no flaws with ..read more

FortKnoxster, a cyber-security company offering a complete crypto suite of private and secure messaging, calling, crypto wallet, and cloud storage, recently announced the launch of a new and improved FortKnoxster web app. This release brings several important improvements. Featured release notes for FortKnoxster web: Email signup replaces phone/SMS signup. A long-awaited and highly demanded feature now allows new users to sign up to FortKnoxster without the need for a phone number. Typing indication in chats. Added Microsoft Edge browser to the supported browser landing page. Signup UI/UX imp ..read more

Bitcoin price is now below $30,000 for the first time since making the 2021 rally now a memory. The leading cryptocurrency by market cap first opened the year at around $28,800 – a price just touched during today’s crypto market bloodbath. The entire 2021 is now gone in a flash | BTCUSD on TradingView.com Bitcoin Price Breaks Below $30,000 Bitcoin price is now back where it started in what had previously been its most bullish year on record, putting the greater bull rally at risk of turning full blown The Missing Ingredient From A Full On Bitcoin Reversal Bitcoin took a 50% loss while altc ..read more

Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting that this is Iran’s largest seizure of cryptocurrency mining machines to date. Tehran police chief General Hossein Rahimi said that the mining machines were seized at an illegal mining farm — an abandoned factory west of the capital. Cryptocurrency mining is an authorized activity in Iran and miners ..read more

Amid Bitcoin’s (BTC) drop to six-month lows below $30,000 on Tuesday, a Norwegian financial regulator warned investors that the cryptocurrency industry is largely unregulated in the country. The Financial Supervisory Authority of Norway, or Finanstilsynet, published June 22 a statement on consumer protection of crypto investors, emphasizing that the authority currently does not supervise local crypto companies in terms of anything but money laundering: “These platforms must notify Finanstilsynet in accordance with the money laundering regulations, but apart from money laundering supervision ..read more

PARSIQ, a blockchain infrastructure platform, announced earlier this week it has closed its $3 million Series A funding round. The round was backed by the Solana Foundation and Axia8 Ventures. In addition, participation came from Mindworks VC, Krypital Group, CoinUnited, Transfero Swiss, Elevate Ventures, Sanctum Ventures, and others. Lastly, Evan Cheng, Director of Research at Facebook’s Novi Financial (formerly Calibra) also contributed to the round. The funding round was devised to obtain new strategic partners and better position PARSIQ in the cryptocurrency ecosystem. This Series A offers ..read more