The Cardano Foundation has announced a massive “bug bounty” program for ethical hackers who can find vulnerabilities in the Cardano platform.
South Korea is planning to establish a new independent bureau to monitor the crypto industry. The new bureau will fall under the country’s anti-money laundering watchdog and will seek to enhance investor protection. The Financial Services Commission (FSC) confirmed in a statement that the new division would be known as the “crypto-asset monitoring bureau.” South Korea has been tightening its regulations over the crypto industry.
On August 31, the Atlanta-based cryptocurrency payments services provider Bitpay announced that the Bitpay wallet has integrated the decentralized exchange (dex) aggregator 1inch Network. Bitpay wallet users can utilize 1inch protocol to swap ether or the myriad of ERC20 tokens.
Red Date Technology, one of the four founding members of the Chinese Government-backed Blockchain Service Network (BSN), has announced Korean firm MetaverseSociety as the first BSN portal operator located outside of mainland China.
China’s Securities Regulatory Commission (CSRC) will promote a national alliance chain to introduce smart contracts and blockchain-based services to digitize the securities and futures market. The announcement was made at the China Securities Industry Alliance Chain and OTC Alliance Chain Special Work Symposium in Beijing. Jiang Dongxing, deputy director of the Science and Technology Regulatory Bureau of the CSRC, stated this digitization is key for the future of the industry.
Bitcoin (BTC-USD), Ethereum (ETH-USD), and Chainlink (LINK-USD) are the most blue-chip cryptocurrency assets. Bitcoin is a storage of value, Ethereum enables decentralized applications, and Chainlink provides trustless data feeds for such applications. Each are fundamental to the long-term growth of the global cyber-economy. Of these three assets, Chainlink is currently the most undervalued.
Rising trading volume, investor excitement over the upcoming parachain auctions and the success of KSM, have investors looking at DOT as the next altcoin to hit a new high.