Blockchain
Ethereum Team Leader Critiques University’s Apathy Towards Crypto Education
The Ethereum team leader, Péter Szilágyi, recently expressed his dissatisfaction regarding his alma mater's apparent disinterest in providing students with opportunities to engage with Ethereum technology. Szilágyi's frustration was articulated through a series of...
North Korea’s Cyber Onslaught on Cryptocurrency: A $3 Billion Digital Heist
In recent years, North Korea has notably intensified its cyber operations, particularly targeting the cryptocurrency industry. This strategic shift emerged around 2017 when the country's cybercriminal activities, previously focused on traditional financial...
Arbitrum DAO Approves Additional Funding for STIP Proposals
The Arbitrum DAO, a layer-2 networking system designed to enhance Ethereum blockchain scalability, has recently taken a significant step in expanding its Short-Term Incentive Program (STIP). The DAO, governed by ARB token holders and financed through transaction fees,...
Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
Circle, a leading issuer of stablecoins, has recently addressed and strongly refuted allegations regarding its involvement in illicit financing and alleged connections with Justin Sun, the founder of Tron. These claims, brought forward by the nonprofit watchdog...
Google AI and Robotic Systems Forge New Frontier in Material Discovery
On November 29, 2023, a groundbreaking development in material science emerged from the collaboration of Google DeepMind and autonomous robotic systems. The initiative, spearheaded by Google's AI division, has successfully predicted the stability of nearly 400,000...
Exploring CapCut’s Diverse Image Template Categories
Exploring CapCut's Diverse Image Template Categories CapCut's online editor, known primarily for its video editing prowess, has expanded its offerings to include a rich collection of image templates across diverse categories. These templates cater to an array of...
Mastercard’s Dynamic Yield Launches AI-Driven Shopping Muse to Enhance Online Retail
On November 30, 2023, Dynamic Yield by Mastercard, from its headquarters in Purchase, NY, introduced Shopping Muse, a breakthrough in the retail landscape. This advanced generative AI tool, Shopping Muse, is set to redefine how consumers engage with online retail...
Binance.US Distances Itself from Binance.com; CZ Steps Down as Chairman
Binance.US, the American arm of the globally renowned cryptocurrency exchange Binance, has made a significant announcement concerning its operations and leadership structure. This news comes in the wake of recent settlements involving Binance.com and its founder,...
Microsoft’s 2.5 billion GBP Investment in UK AI: Catalyst for Innovation and Growth
Microsoft has made an announcement on a big investment in the artificial intelligence (AI) infrastructure of the United Kingdom. The company's objective is to dramatically enhance the capabilities of the nation's AI. The following are some of the important topics that...
Dunamu’s Upbit Reports 81% Profit Drop in Q3 2023
The revenues of Dunamu, the parent company of Upbit, one of the most prominent cryptocurrency exchanges in South Korea, dropped by an astounding 81% during the third quarter of 2023, according to the company's report. The performance of the corporation during the same...
The Impact of Multifunction Crypto-Asset Intermediaries on Market Stability Post-FTX Collapse
The Financial Stability Board (FSB) report, along with other sources, offers significant insights into the impact of multifunction crypto-asset intermediaries (MCIs) and key market events, such as the collapse of FTX in November 2022 and the crypto-asset market...
Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case
A decision that is of great significance has been handed down by the United States District Court for the Southern District of New York. A judge named Gregory Woods gave his approval to an order that required Voyager Digital and its affiliates to make a payment of...
Jump Crypto Enters Confidential Phase in SEC vs. Terraform Labs Case
Jump Crypto Holdings has been allowed to submit papers in a secret manner, which is a key milestone in the litigation that the Securities and Exchange Commission (SEC) is pursuing against Terraform Labs and its creator, Do Kwon. In the current legal procedures, this...
Fireblocks Introduces ‘Off Exchange’ to Address Exchange Counterparty Risk, Integrates with Deribit
On November 28, 2023, Fireblocks, an innovative digital asset operations platform, announced the introduction of 'Off Exchange', a first-of-its-kind solution aiming to revolutionize the way institutional traders interact with digital asset exchanges. This...
Vitalik Buterin’s Vision of Techno-Optimism and AI’s Future
Vitalik Buterin, the founder of Ethereum, presents a compelling narrative on techno-optimism in his latest article. He starts by acknowledging the influence of Marc Andreessen's "techno-optimist manifesto" and the ensuing debate it sparked among thought leaders....
Tornado Cash Token Plummets Following Binance Delisting Announcement
Following the news that Binance, the biggest cryptocurrency exchange in the world in terms of volume, made about the delisting of the Tornado Cash (TORN) token, the value of the token witnessed a significant decline over time. It is important to note that the market...
Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition
Hive Digital Technologies, a prominent player in cryptocurrency mining, has recently announced a significant expansion of its global operations. The company's latest move involves the acquisition of a new property and data center in Boden, Sweden. This acquisition is...
Cosmos Hub Votes to Reduce ATOM Inflation Rate to 10%
Recently, the governing body of the Cosmos Hub approved a significant change to the blockchain's economic model. The community voted to reduce the maximum inflation rate of ATOM, the native token of Cosmos Hub, from its current rate of around 14% to a new cap of 10%....
California Advances in Generative AI with New Report
The Newsom Administration released an insightful report in response to Governor Gavin Newsom's Executive Order from September 2023. This report focuses on the utilization and potential challenges of Generative Artificial Intelligence (GenAI) within the California...
Nigerian Police Arrest Politician Wilfred Bonse for Involvement in Patricia Technologies Financial Fraud
The Nigeria Police Force (NPF) has announced a significant breakthrough in a complex financial fraud investigation involving Patricia Technologies Limited. On November 23, 2023, the Force Public Relations Officer, ACP Olumuyiwa Adejobi, detailed the arrest of...
Binance’s MVB Accelerator Program Collaborates with CMC Labs to Launch Innovative Founder Track
The Most Valuable Builder (MVB) accelerator program, which is a collaborative project between BNB Chain and Binance Labs, has been in the forefront of supporting Web3 builders and fostering the development of the BNB Chain ecosystem ever since it was first introduced...
Richard Teng Signals Unchanged Core Values at Binance Amid Leadership Transition
Within a recent post on social media, Richard Teng, who was recently hired as the CEO of Binance, provided reassurance to stakeholders over the exchange's commitment to maintaining its key principles. His message, which comes after a turbulent era for the corporation,...
Huobi HTX Responds to Recent Hack, Ensures Full Compensation for Affected Users
On November 22nd, 2023, Huobi HTX, previously known as Huobi Global, experienced a significant security breach. This attack led to a substantial loss, initially estimated at $13.6 million but later valued at approximately $30 million. This incident marks another in a...
Wallet of Satoshi Withdraws from the U.S. Market Amid Regulatory Challenges
The recent announcement by Wallet of Satoshi (WoS) to withdraw its app from the U.S. Apple and Google app stores and cease serving U.S. customers marks a significant shift in the Bitcoin wallet landscape. This decision reflects the increasingly challenging regulatory...
Atomicals Market Addresses Security Breach and Announces Compensation Measures
The recent events surrounding Atomicals Market (AM) have been a significant concern for the Atomicals community, especially following a severe security breach in two of its trading markets. This breach led to hacker attacks and considerable losses for users, stirring...
CFTC’s Stern Warning to Crypto Exchanges Following Binance Case
As of late, the Commodity Futures Trading Commission (CFTC) has adopted a resolute position against Binance, which is the biggest cryptocurrency exchange in the world. As the former Chief Executive Officer of Binance, Changpeng Zhao (CZ) has resigned from his position...
WhaleFin is being sued by Atletico Madrid for unpaid sponsorship
Atletico Madrid, a top-tier Spanish football team, is apparently getting ready to file a lawsuit against WhaleFin, a cryptocurrency exchange located in Singapore, for failing to pay sponsorship money of forty million euros, which is equivalent to forty-four million...
Social Media Site X Limits Changpeng Zhao’s Account Access
Unexpected Limitation on Changpeng Zhao's User Account Changpeng "CZ" Zhao, the former CEO of cryptocurrency exchange Binance, had his account temporarily blocked by social media site X, previously known as Twitter. Users had to accept that Zhao's account was...
Exploit of KyberSwap’s Concentrated Liquidity Feature Results in $46 Million Loss
On November 23, 2023, the decentralized finance (DeFi) space was shaken by a meticulously planned exploit of KyberSwap, a leading decentralized exchange (DEX). The exploit, which Doug Colkitt, creator of Ambient exchange, characterized as "the most complex and...
Alchemy Pay Expands U.S. Footprint with Iowa Money Services License
The well-known fiat-crypto payment gateway Alchemy Pay has reached a noteworthy milestone when it obtained a Money Services License in the US state of Iowa. This achievement, which was declared on November 23, 2023, comes after they were successful in getting an...
BlackRock and SEC Discuss iShares Bitcoin Trust Listing on Nasdaq
On November 20, 2023, a critical meeting was held between the United States Securities and Exchange Commission (SEC) and representatives from BlackRock, Inc., and the Nasdaq Stock Market LLC. The meeting's primary focus was the discussion of the iShares Bitcoin Trust...
Sam Altman Reinstated as OpenAI CEO Amid Board Restructuring
Sam Altman, who was formerly employed as the Chief Executive Officer of OpenAI, the artificial intelligence research lab that is well-known for its achievements in AI technology, including the invention of ChatGPT, has been rehired. This is a surprising outcome. In...
Celsius to Transition to Mining-Only NewCo following Bankruptcy Court’s Confirmation of Plan
Celsius Network LLC, a global cryptocurrency platform, is set to undergo a significant transformation following the confirmation of its Chapter 11 plan by the United States Bankruptcy Court for the Southern District of New York. This change comes after facing...
SEC Accuses Kraken of Operating Without Registration, Alleges Mixing of Funds
The U.S. Securities and Exchange Commission (SEC) has filed a complaint against Payward Inc. and Payward Ventures Inc., collectively known as Kraken, for operating their cryptocurrency trading platform without the necessary registrations. The complaint, filed in San...
U.S. Justice Department Seizes $9M in Crypto from Romance Scam Ring
On November 21, 2023, the U.S. Justice Department announced a significant disruption in cybercrime activities, seizing nearly $9 million in Tether (USDT) from an international scam organization. This organization was involved in executing romance scams and...
Binance Undergoes Leadership Shakeup Amid DOJ Investigation
Binance, the biggest cryptocurrency exchange in the world, is about to embark on a new section of its history with Richard Teng serving as its Chief Executive Officer. Changpeng Zhao, the creator of Binance, made the announcement on this consequential shift in...
DOJ Seeks Over $4 Billion from Binance Amidst Years of Legal Challenges
According to Bloomberg, the United States Department of Justice is attempting to negotiate a settlement to a lengthy criminal investigation by requesting more than four billion dollars from Binance Holdings on behalf of the company. Since at least 2018, the United...
Bittrex Global to End Trading on Dec 4, 2023
Bittrex Global, headquartered in Liechtenstein, has announced its decision to wind down operations. This process will begin with a cessation of all trading activities effective December 4, 2023. This announcement follows a period of regulatory challenges and legal...
RSS3 aggregating Farcaster & Lens to MetaMask Snap
RSS3 is developing a MetaMask Snap which aggregates, streams, and displays decentralized social information, such as content from Farcaster and Lens Protocol. This Snap aggregates all supported decentralized social graphs and provides close to real-time...
Former Bithumb Chairman Lee Jeong-hoon Faces 8-Year Prison Sentence in Appeal
Lee Jeong-hoon, the former chairman of Bithumb, one of South Korea's primary cryptocurrency exchanges, faces a potential 8-year prison sentence. The Seoul High Court is expected to deliver its verdict in the appeal case on January 18, 2024. The legal battle revolves...
Seize control of your data with Akord
Seize control of your data With news of data breaches and scandals around the misuse of people’s data becoming a worrying norm, one company is working to put data ownership back in the hands of individuals and organisations. Akord is a web3 platform offering...
Emmett Shear Appointed Interim CEO of OpenAI as Sam Altman Steps Down
OpenAI, a leading artificial intelligence research lab, has announced a significant change in its leadership. Sam Altman, the previous CEO, has stepped down and left the board of directors. The decision comes after the board concluded that Altman was not consistently...
dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI
The decentralized exchange (DEX) dYdX experienced a significant financial event on November 17, requiring the use of its insurance fund. The exchange had to cover $9 million worth of customer liquidations following a dramatic market fluctuation. Antonio Juliano, the...
Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation
Senator Elizabeth Warren emphasized the growing danger of cryptocurrency scams targeting seniors. Steve Weisman, a cybersecurity expert, supported Warren's proposed Digital Asset Anti-Money Laundering Act, aimed at curbing these scams. Warren highlighted a shocking...
NYDFS Introduces Stricter Crypto Listing and Delisting Rules
The New York State Department of Financial Services (NYDFS) has revised its guidelines on the listing and delisting of cryptocurrencies. This move aims to bolster investor protection and ensure that virtual currency businesses adhere to heightened regulatory...
Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU
The Azure Maia 100 AI Accelerator and the Azure Cobalt CPU were both introduced at the Ignite 2023 conference, which was hosted by Microsoft. These two in-house silicon chips represent a significant advancement in artificial intelligence and cloud computing...
Congressional Memo Challenges SEC’s SAB 121
A memorandum submitted by several U.S. Congress members, including chairs from key financial committees, has called into question the enforceability of the Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 (SAB 121). This development follows a...
Dubai’s VARA Appoints Matthew White as CEO
Dubai's Virtual Asset Regulatory Authority (VARA) has announced a change in its leadership. Matthew White has been appointed as the new Chief Executive Officer (CEO), taking over from Henson Orser. This transition comes at a pivotal time, as Dubai intensifies its...
Meta Unveils Next-Gen AI Emu Video and Emu Edit
The realm of generative AI is witnessing rapid advancements, with 2023 marking a significant stride in the domain. Meta, formerly Facebook, has introduced Emu, a groundbreaking foundational model for image generation, at this year’s Meta Connect event. This technology...
OpenAI Suspends ChatGPT Plus Sign-ups Due to Overwhelming Demand
OpenAI, a pioneer in the field of artificial intelligence technology, recently made an announcement that it would no longer accept new sign-ups for its premium service, ChatGPT Plus. This decision was made in response to an extraordinary increase in customer demand....
Superstate Gains $14m in Series A Led by Distributed Global and CoinFund
Superstate, an innovative asset management firm, announced today the successful closure of its Series A financing round, raising $14 million. This funding will catalyze the firm's mission to offer cutting-edge investment solutions to institutional investors, while...
Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network
Unchained, a player in the bitcoin financial services sector, has announced a strategic partnership with Bakkt on November 15, 2023, marking a significant expansion of its Collaborative Custody Network. This alliance not only strengthens Unchained’s position in the...
ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains
ENS Domains (ens.eth) recently announced the launch of the EVM Gateway, a significant development in blockchain technology aimed at improving interoperability between Layer 1 (L1) and Layer 2 (L2) chains. This new open-source platform is anticipated to be a...
Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal
The U.S. District Court for the Southern District of New York has finalized the dismissal of a class action lawsuit against Tether and Bitfinex. This lawsuit, initially filed by plaintiffs Shawn Dolifka and Matthew Anderson in 2021, targeted the stablecoin issuer...
SushiSwap CEO Proposes New Token Model
SushiSwap CEO Jared Grey has initiated a pivotal proposal titled "Deploy new tokenomics for Sushi." This initiative, which seeks to overhaul the platform's existing token economic model, has now entered the crucial stage of community voting on Snapshot. The voting...
US House Committee to Probe Crypto Crimes in November Hearing
The Financial Services Committee (FSC) of the United States House of Representatives is gearing up for a critical hearing on November 15, 2023, diving deep into the shadowy corners of cryptocurrency. Entitled "Crypto Crime in Context: Breaking Down the Illicit...
Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping
The Australian Taxation Office (ATO) has provided pivotal guidance on the capital gains tax (CGT) treatment concerning decentralized finance (DeFi) and the process of wrapping crypto tokens. This move is part of the ATO's ongoing efforts to clarify tax obligations in...
Google Sues Unknown Entities for Malware Scheme Disguised as AI Chatbot Bard
Google LLC has initiated legal proceedings against three anonymous individuals, accusing them of orchestrating a sophisticated malware distribution scheme under the guise of offering upgrades to Google's AI chatbot, Bard. The lawsuit, filed on November 13, 2023, in...
Cboe Digital Set to Launch Bitcoin and Ether Futures Trading in January 2024
Cboe Global Markets, Inc. has announced a groundbreaking development in cryptocurrency trading, according to Prnewswire. Beginning January 11, 2024, Cboe Digital will launch margin futures trading for Bitcoin and Ether. This initiative positions Cboe Digital as the...
Coinbase is challenging the U.S. Treasury over the recent tornado cash sanctions
Crypto Coinbase has challenged the decision of the United States Treasury Department to include Tornado Cash, a decentralized software project, on the list of Specially Designated Nationals and Blocked Persons (SDN). This action, which was brought up in the Western...
Boyaa Interactive Advances into Cryptocurrency with a $100 Million Acquisition Mandate
Boyaa Interactive International Limited, a distinguished online card and board game developer based in Hong Kong, is advancing into the cryptocurrency realm. Since its founding in 2004 and subsequent listing on the Hong Kong Stock Exchange in 2013, Boyaa has...
Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized
The Supreme Court of India has recently declined to consider a Public Interest Litigation (PIL) that sought to establish a comprehensive regulatory framework for cryptocurrency trading in India. This decision is notable as it highlights the judicial perspective on the...
BC Technology Group Halts Trading Amid Notifiable Transaction
The trade of BC Technology Group Limited's shares on The Stock Exchange of Hong Kong Limited will be halted beginning at 9:00 a.m. on Monday, November 13, 2023, according to an announcement made by the company. This decision was taken in advance of a scheduled...
Former Sequoia Partner Michelle Fradin, Involved in FTX Investment, Joins OpenAI
Michelle Fradin, a former partner at Sequoia Capital known for her key role in the investment in FTX, has transitioned to a new position at OpenAI, where she will spearhead data strategy, acquisitions, and operations. This move marks a significant step in her...
Coin Cloud Customer Data and Source Code Allegedly Stolen
Coin Cloud, a participant in the cryptocurrency ATM market, has lately come under fire for a serious cybersecurity vulnerability. This episode adds to the company's already long list of difficulties, which began with its filing for Chapter 11 bankruptcy in February...
$27M USDT Theft Linked to Binance Deployer Address
A significant cryptocurrency theft has been reported, involving the loss of 27 million USDT (Tether). The incident was first brought to light by a tweet from ZachXBT, a well-known figure in the cryptocurrency community, known for his investigative work on...
DeFi Platform Raft Compromised, Loses $3.3 Million in Ether
A massive security breach recently occurred on the DeFi platform known as Raft, which resulted in the theft of around $3.3 million worth of Ether (ETH). The fact that the hacker was able to effectively remove 1,577 ETH from the network demonstrates the continued...
US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval
U.S. Data Mining Group, Inc., doing business as US Bitcoin Corp (USBTC), today announced two pivotal developments: the progression of its merger with Hut 8 Mining Corp (“Hut 8”) and the court approval of the Celsius bankruptcy restructuring plan. USBTC is advancing...
Uniswap’s Front-End Fees Surpass $1 Million
Uniswap, a leading decentralized exchange (DEX), has reached a significant milestone. The protocol's front-end fees have accumulated over $1 million, a feat achieved within just 24 days. This article delves into the details of this achievement, its implications, and...
Tripling of Bitcoin Millionaire Wallets in 2023: A Deep Dive into the Crypto Wealth Explosion
Unprecedented Accumulation of Wealth Caused by Bitcoin In the year 2023, there was a significant shift that took place in the landscape of Bitcoin riches. The number of Bitcoin wallets that store more than $1 million has skyrocketed from 23,795 on January 1 to 81,925...
Block’s AUD$3M Investment Boosts Indigenous Business Sector in Australia
Block, Inc. (NYSE: SQ), formerly known as Square, Inc., has made a significant investment in Australia's Indigenous business sector. The global technology company, renowned for its Square and Afterpay services, has committed AUD$3 million to a new fund established by...
NEAR Protocol Partners with ZEP to Enhance Metaverse User Onboarding
South Korea's prominent metaverse platform, ZEP, has announced a strategic partnership with the global Layer 1 blockchain platform, NEAR Protocol. This collaboration, revealed on November 13, 2023, aims to facilitate user onboarding and enhance the development of...
Boosting Trade Efficiency: XRPL’s fixReducedOffersV1 Upgrade
The "fixReducedOffersV1" amendment, which is currently in its final activation countdown phase, is about to bring about a significant improvement to the XRP Ledger (XRPL), which is nearing completion. This modification is a crucial upgrade for XRPL, signifying a step...
Bitdeer and NVIDIA Partner to Launch AI Cloud Service in Asia
Bitdeer Technologies Group (NASDAQ: BTDR), a leader in blockchain and high-performance computing, has teamed up with NVIDIA to introduce a new cloud service in Asia, according to Globenewswire. Named Bitdeer AI Cloud, this service is poised to be powered by NVIDIA's...
Craig S. Wright Explores ‘Code is Law’ Paradigm in Digital Governance Debate
Dr. Craig S. Wright, known in the cryptocurrency world for his claim as the creator of Bitcoin, Satoshi Nakamoto, has recently penned a thought-provoking piece on "Open-Source Development." His involvement in blockchain technology lends significant credence to his...
Sushi Launches on Filecoin, Expanding Decentralized Exchange Services
Filecoin, the world's largest decentralized storage network, now welcomes Sushi, a prominent decentralized exchange (DEX), marking a pivotal development in decentralized storage and exchange services. Filecoin's unique approach to cloud storage, functioning as an...
Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia
Ninety Eight, formerly known as Coin98 Finance, has unveiled its new $25 million Ecosystem Fund. Announced on November 7, 2023, this fund is a strategic initiative to support and accelerate the growth of Web3 startups, particularly in Asia. This initiative marks a key...
Sui Donates $1M to London Business School for Web3 Research
Sui has announced a significant donation of $1 million to the Wheeler Institute for Business and Development at London Business School (LBS). This contribution is earmarked for advancing research and educational programs in the rapidly evolving field of decentralized...
SafeMoon CEO’s Bail Release Suspended Due to Flight Risk Concerns
Braden John Karony, the CEO of cryptocurrency company SafeMoon, has become the focal point of a significant legal battle in the United States. On November 9, 2023, New York District Judge LaShann DeArcy Hall suspended a bail release order for Karony, originally set at...
RISC Zero Announces Open Sourcing of Key Technological Innovations
RISC Zero, a Seattle-based pioneer in zero-knowledge (ZK) virtual machine technology, has announced a groundbreaking initiative. Through a series of tweets, the company revealed its plan to open source three major technological innovations: High-Speed Recursion, Proof...
OneCoin’s Former Legal Head Pleads Guilty to Fraud and Money Laundering
Irina Dilkinska, the former "Head of Legal and Compliance" of OneCoin, has pleaded guilty to wire fraud and money laundering charges. This plea marks a crucial step in the ongoing investigation into the multi-billion dollar pyramid scheme that defrauded investors...
BondbloX Secures $6M in Series B Funding Led by Beacon Venture Capital
Singapore-based Fintech BondEvalue Pte. Ltd. has added new investor Beacon Venture Capital, the corporate venture arm of Thailand’s Kasikornbank, to its cap table as part of a US$6m Series B round, according to official announcement. Beacon Venture Capital joins...
Nomura’s Laser Digital Launches Ethereum Adoption Fund for Institutional Investors
Laser Digital, a subsidiary of financial services giant Nomura, has launched an Ethereum Adoption Fund aimed at institutional investors, as announced on 9th November 2023. This fund, centered in London and Dubai, is a strategic move to bolster the presence of Ethereum...
Celsius Network Announces Court Approval of Reorganization Plan
Celsius Network recently took to Twitter to announce a major milestone in its bankruptcy journey. In a series of tweets, the company shared the news of its Plan of Reorganization receiving court confirmation, following a successful creditor voting process. This...
U.S. Intensifies Sanctions on Hamas, Targeting Crypto Assets
Wally Adeyemo, the Deputy Treasury Secretary for the United States, made a recent announcement on further sanctions against Hamas, according to Reuters. These new measures are focused on Hamas' usage of bitcoin assets. This comes as a direct retaliation to the assault...
Lightspeed Faction Unveils $285M Fund for Blockchain Innovation
Lightspeed Faction, a leading venture capital firm with a focus on blockchain, has announced the launch of a $285 million venture fund, according to PR Newswire. This fund is earmarked for early-stage blockchain projects, signaling a significant commitment to...
Tom Emmer’s Nonpartisan Amendment to Limit SEC’s Enforcement on Digital Assets Passes House
U.S. Representative Tom Emmer, currently serving as the GOP Majority Whip, has been a prominent figure in the debate over the regulation of digital assets. His legislative efforts have consistently focused on clarifying and limiting the regulatory scope of agencies...
What is HyperWrite AI? | Blockchain News
Introduction HyperWrite AI is a cutting-edge AI-powered writing assistant that has emerged as a significant player in the realm of digital writing tools. It leverages advanced artificial intelligence to enhance writing efficiency and creativity, catering to a wide...
ARK Invest and 21Shares Launch Innovative Digital Asset ETF Suite
ARK Invest, led by the pro-Bitcoin advocate Cathie Wood, and 21Shares, a renowned exchange-traded product (ETP) supplier, have announced the launch of a new suite of digital asset exchange-traded funds (ETFs). This collaboration marks a pivotal step in offering...
CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams
Strategic Alliance for Digital Asset Security India’s Central Bureau of Investigation (CBI) has engaged Liminal, a Singapore-based digital asset custodian, to manage and secure digital assets confiscated in criminal investigations. This strategic partnership emerges...
HK Legislative Council Member Advocates for Integrating Senior Economy with Web3
Hong Kong Legislative Council member and CPPCC member Johnny Ng, known as @Johnny_nkc on Twitter, attended the "2023 World Internet Conference" in Wuzhen, where he delivered a keynote speech on digital literacy and skills enhancement. Ng’s speech, dated 9th November...
Starknet Foundation Establishes DeFi Committee to Boost Ecosystem
Starknet Foundation has officially launched its DeFi Committee. Announced on November 9, 2023, the committee is set to play a pivotal role in developing Starknet's DeFi landscape. This initiative marks a strategic step by the Foundation, demonstrating its commitment...
Taiwanese Singer Chen Lingjiu Implicated in JPEX Cryptocurrency Fraud Case
The ongoing investigation into Taiwanese cryptocurrency exchange JPEX has taken a dramatic turn with the involvement of Chen Lingjiu, a well-known Taiwanese singer. As reported by Central News Agency on November 9, 2023, this development is part of a larger narrative...
SEC Chair Gensler Open to Lawful Revival of FTX
During a CNBC interview at DC Fintech Week, SEC Chair Gary Gensler discussed the potential revival of the bankrupt cryptocurrency exchange FTX, emphasizing the importance of operating within legal boundaries. The context for this comes in the wake of FTX founder Sam...
SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
SBI Commits to Bolstering Startups in Japan SBI Holdings, a major financial conglomerate in Japan, has announced its plan to start operating an investment fund by the end of 2023, focusing on startups in sectors like Web3, artificial intelligence (AI), and the...
Health Concerns Arise at ApeFest 2023: Investigation Links Symptoms to UV-A Lighting
On November 5, 2023, Yuga Labs, the parent company of the popular Bored Ape Yacht Club (BAYC), began addressing alarming reports from attendees of ApeFest 2023. The event, held the previous night, saw several attendees and staff members experiencing disturbing...
NEAR and Polygon Partner to Launch zkWASM
The NEAR Foundation and Polygon Labs have announced a collaborative effort to develop a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains. This initiative, termed "zkWASM," is poised to bridge the gap between WASM-based chains and the Ethereum ecosystem,...
SEBA Bank Secures SFC License, Expanding Crypto Services to Hong Kong
Switzerland-based cryptocurrency bank SEBA Bank has marked a significant milestone by obtaining a license from the Hong Kong Securities and Futures Commission (SFC). The license, granted on November 3rd, represents a crucial step for SEBA in expanding its...
HSBC to Initiate Institutional Digital Assets Custody Service in 2024
HSBC Holdings plc has declared its strategic move into the digital asset sphere by announcing its intention to introduce a new digital assets custody service specifically for institutional clients. The service, anticipated to go live in 2024, will be designed to cater...
Coinbase Bolsters Advisory Board with Security Experts
Coinbase, the prominent cryptocurrency exchange platform, has strategically augmented its Global Advisory Council with the induction of four esteemed national security experts on November 7, 2023. This move comes as part of Coinbase's ongoing efforts to navigate the...
Xbox Teams with Inworld AI for Game Dev AI Tools
Xbox and Inworld AI have announced a multi-year alliance aimed at infusing game development with the transformative capabilities of Generative AI. This partnership promises to arm game creators with cutting-edge tools to design intricate narratives and dialogues,...
Kazakhstan Blocks Coinbase, Citing Digital Asset Law
Kazakhstan's Ministry of Culture and Information has clarified its decision to block the global cryptocurrency exchange, Coinbase, within the nation's borders. The ministry asserts that the trading of cryptocurrencies on Coinbase is in direct violation of the...
Optimism (OP) Prepares for Canyon Hardfork Across Superchain Testnets on November 14
The Optimism ecosystem is set to embrace a milestone with the Canyon hardfork, slated for activation on the OP Goerli, OP Sepolia, Base Goerli, Base Sepolia, PGN Sepolia, and Zora Sepolia testnets on November 14, 2023, at 17:00 UTC. Announced by the OP Labs Team on...
Illia Polosukhin Appointed CEO to Lead NEAR’s Open Web Drive
Illia Polosukhin, who was one of the original founders of the NEAR Protocol, has been given the position of chief executive officer of the NEAR Foundation. Polosukhin is going to put his forward-thinking vision into reality by spearheading the effort to create a broad...
Polygon Labs Unveils New PoS Testing Toolkit to Enhance Devnet Operations
On November 7, 2023, Polygon Labs introduced a groundbreaking Polygon PoS v1 Testing Toolkit, designed to revolutionize devnet management on the Polygon network. The toolkit, which serves to ease the development process, makes the deployment, monitoring, and testing...
Bitdeer Reports Robust Operational Performance for October 2023
Singapore-based Bitdeer Technologies Group (NASDAQ: BTDR), a global frontrunner in the cryptocurrency mining industry, has released its unaudited operational metrics for October 2023, showcasing sustained robust performance and strategic advancements. Throughout the...
Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa
Ripple, a frontrunner in blockchain and cryptocurrency solutions, has joined forces with Onafriq, a leading payments fintech, to revolutionize digital asset-enabled cross-border payments connecting Africa with the Gulf Cooperation Council (GCC), the UK, and Australia....
Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions
Wintermute, in an unexpected public disclosure, has raised a serious allegation against the Near Foundation (NF) and Aurora Labs regarding the redemption process of the USN stablecoin. In a series of tweets, Wintermute's CEO, Evgeny Gaevoy, criticized the entities for...
Mining Valuations in Focus: Bitdeer and Sphere 3D Lead November’s Stock Insights
The November valuation analysis of public Bitcoin mining stocks uncovers notable disparities, pinpointing potential under and overvaluations in the sector. Bitdeer emerges as significantly undervalued when assessed through the EV-to-Sales lens, while companies like...
NFT Market Sees Upward Trend with Steady Increase in Weekly Ethereum Volumes
In recent developments within the NFT ecosystem, a consistent growth pattern has emerged, as reported by Nansen, a blockchain analytics platform. Over a five-week period, the NFT market has seen a robust increase in trading volumes, particularly in Ethereum (ETH)...
Binance’s Market Dominance Challenged as OKX and Upbit Gain Ground
The 2023 CEX Market Report by 0xScope, published on November 6, 2023, provides a comprehensive overview of the changing landscapes within the centralized exchanges (CEXs) over the past year. It highlights the shifting dynamics and the rise of second-tier exchanges...
Curve Founder Proposes Venus Protocol Deployment on Ethereum Mainnet
Curve Finance founder Michael Egorov has put forth a proposal to deploy the Venus Protocol on the Ethereum Mainnet, signaling a strategic expansion in the decentralized finance (DeFi) sector. This proposition, aimed at tapping into Ethereum’s substantial liquidity,...
Bitfinex Tackles Phishing Incident: No Customer Funds Affected
Bitfinex, a famous cryptocurrency exchange located in Hong Kong, has announced a security compromise that has been controlled. The incident was the result of a phishing effort that was directed at one of the company's customer care representatives. The incident took...
Ripple on the Brink of Decisive Win as SEC Legal Battle Nears End
In the continuing saga of Ripple versus the United States Securities and Exchange Commission (SEC), recent developments suggest a leaning in favor of Ripple, a prominent figure in the cryptocurrency space. Legal experts and community stakeholders are weighing in on...
Fraudulent Ledger Live App in Microsoft Store Linked to $768K Cryptocurrency Theft
The cryptocurrency community faced a significant security breach when a fake Ledger Live application, titled "Ledger Live Web3," appeared in the Microsoft App Store, leading to substantial financial losses for unsuspecting users. Notorious for mimicking the genuine...
xAI’s Grok: Musk’s Novel AI Chatbot with Real-Time Insights
On November 4, 2023, Elon Musk’s artificial intelligence venture, xAI, introduced Grok, a novel AI chatbot poised to revolutionize the human interaction with digital knowledge. Grok is modeled after the whimsical ethos of 'The Hitchhiker’s Guide to the Galaxy', aiming...
US Supreme Court Steps In On Coinbase Customer Contract Dispute
In a recent legal tangle, Coinbase, a prominent cryptocurrency exchange, and its customers have brought forward a contractual disagreement to the United States Supreme Court. The crux of the matter revolves around who - a court or an arbitrator - should adjudicate on...
SEC Alleges Fraud Against SafeMoon Amidst System Flaw Exploit
The United States Securities and Exchange Commission (SEC) has recently alleged fraud and violations of security rules against the decentralized financial project, SafeMoon. The allegations come in the wake of a significant system flaw exploitation that occurred in...
Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy
Fort Lauderdale, FL: Marathon Digital Holdings, Inc. (NASDAQ:MARA), known for its endeavors in bolstering the Bitcoin infrastructure, has announced a collaboration with renewable energy firm Nodal Power. The partnership aims to harness methane emissions from a Utah...
FCA Unveils Guidance on Cryptoasset Promotions Compliance
The Financial Conduct Authority (FCA) has unveiled a "finalised non-handbook guidance" document on Cryptoasset Financial Promotions. This release followed observed lapses in adherence to the new laws governing crypto asset promotions, which took effect on October 8,...
US NIST Initiates AI Safety Consortium to Promote Trustworthy AI Development
The United States National Institute of Standards and Technology (NIST), under the Department of Commerce, has taken a significant stride towards fostering a safe and trustworthy environment for Artificial Intelligence (AI) through the inception of the Artificial...
Helium’s HNT Token Lists on SwissBorg
The Helium Foundation, a trade association under the 501(c)(6) designation focused on promoting decentralized wireless access, announced the listing of its HNT token on SwissBorg, a notable cryptocurrency platform in Europe. The announcement, dated November 2, 2023,...
ADGM Launches Pioneering DLT Foundations Regime
The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has pioneered the unveiling of the Distributed Ledger Technology (DLT) Foundations Regulations 2023, marking a crucial phase in the regulatory evolution of digital assets both regionally and...
Coin98 Debuts Decentralized App Store on NEAR’s Blockchain Operating System
Coin98, a multichain wallet and decentralized finance (DeFi) platform, has unveiled a decentralized application (dapp) store powered by the NEAR Blockchain Operating System (B.O.S), marking a pivotal move towards providing streamlined access to prominent Layer-2 (L2)...
Court Upholds OFAC’s Designation of Tornado Cash Under IEEPA
The United States District Court for the Northern District of Florida issued a decision concerning the designation of Tornado Cash by the Office of Foreign Assets Control (OFAC). The case, identified as Case 3:22-cv-20375-TKW-ZCB, revolved around the designation of...
ProShares Unveils World’s First Short Ether-Linked ETF
Bethesda-based financial giant, ProShares, has once again taken a pioneering step in the crypto-linked ETF domain with the launch of the world’s first short ether-linked ETF, named ProShares Short Ether Strategy ETF (SETH), according to BusinessWire. This innovative...
MicroStrategy Q3 2023: 158,400 Bitcoin Holdings at $29,586 per BTC
MicroStrategy Incorporated (Nasdaq: MSTR), a leading independent business intelligence company, disclosed its third quarter financial results for 2023 on November 1, revealing a continued focus on Bitcoin acquisition and AI integration in its offerings. The Q3 report...
Uniswap Foundation Announces Grant Recipients for V4 RFPs
On November 1, 2023, Uniswap Foundation publicized the selections for the first round of Request for Proposals (RFPs) for Uniswap V4 through their official Twitter handle, @UniswapFND. The announcement is a significant stride towards enhancing Uniswap V4, with several...
PayPal Acquires UK Crypto License
PayPal, a notable player in the global payments realm, has secured approval from the Financial Conduct Authority (FCA) to offer cryptocurrency-related services in the United Kingdom. The authorization was disclosed on the FCA's website, affirming that PayPal has been...
Google Metadata Implicates SBF in Fraudulent Activities During Trial
On November 1, 2023, the closing arguments in the trial involving the defendant, known as SBF, showcased substantial evidence found in Google metadata that indicated his active involvement in creating and handling a particular spreadsheet linked to fraudulent...
FTX Former CEO Sam Bankman-Fried Grilled in Court Over Exchange’s Risk Management Measures
FTX CEO Sam Bankman-Fried (SBF) found himself in the hot seat during a recent court proceeding regarding the exchange's risk management measures. The hearing, documented by BitMEX Research, shed light on a catastrophic event stemming from a flawed risk engine in 2020,...
Terraform Labs (Luna) Co-Founder Pleads US Court to Dismiss SEC’s Fraud Allegations
The United States Securities and Exchange Commission (SEC) has filed claims of fraud and securities violations against Terraform Labs. Together with the company's co-founder, Do Kwon, Terraform Labs is vigorously pursuing a dismissal of these charges from a U.S....
CertiK Outlines Mobile Blockchain Security Threats and Countermeasures
Blockchain technology is rapidly transcending beyond traditional platforms, marking its imprint on mobile platforms, an area CertiK, a blockchain security firm, regards as a "frontier of innovation." However, this transition isn't devoid of challenges. Mobile...
Sam Bankman-Fried Dodges Questions on Alameda Debt Repayment Risks
In a recent social media exchange, Sam Bankman-Fried, the former CEO of FTX, found himself amidst a whirlpool of questions regarding the potential risk transfer from Alameda Research to FTX. The core issue revolved around the use of FTX customer funds to settle the...
CertiK: Crypto Social Media Scams Surge
In light of the increasing number of cryptocurrency scams permeating social media platforms, blockchain security company CertiK has delineated a comprehensive examination of this menacing trend. On October 26, 2023, CertiK took to Twitter to elucidate how the meld of...
CFTC Whistleblower Program Gains Traction with $16 Million Awarded in 2023
The Commodity Futures Trading Commission (CFTC) has recently unveiled its 2023 Annual Report highlighting the significant achievements of the Whistleblower Program and Customer Education Initiatives. Commissioner Christy Goldsmith Romero, a former Inspector General,...
UAE Crypto Insights: 72% Investors Lean Towards Bitcoin
KuCoin, a global cryptocurrency exchange, has recently disclosed a survey report, “Into The Cryptoverse: Understanding Crypto Users in the UAE”, which is the 17th edition in its report series. The survey engaged 597 cryptocurrency investors from the UAE, providing...
Tether Q3 Attestation: 85.7% Cash Reserves, $330M Loan Cut, $670M Research Spend
In a newly published assurance opinion, Tether Holdings Limited disclosed its financial standing for Q3 2023, substantiated by a comprehensive assessment conducted by BDO, a globally recognized independent public accounting entity. The attestation, dated October 31,...
Voltage Park’s $1 Billion Cloud Infrastructure Targets ML Compute Shortage
In an ambitious endeavor to bridge the ML (Machine Learning) compute gap, Voltage Park unveiled a formidable cloud infrastructure for AI development on October 29, 2023. The current market scenario is gripped by a severe shortfall in advanced ML compute resources,...
President Biden Amplifies AI Safety and Security Measures with Executive Order
On October 30, 2023, President Joe Biden signed a pivotal Executive Order aimed at reinforcing the safety, security, and trustworthiness of artificial intelligence (AI) technologies in the United States. This directive is part of the Biden-Harris Administration's...
Upbit Announces Dunamu & Partners’ Digital Asset Holdings for October 2023
On October 31, 2023, Upbit, recognized as a global standard digital asset exchange, continued its endeavor to promote a healthy development in the digital asset/blockchain industry by providing a safe and transparent digital asset trading environment. In a previous...
a16z-Backed Stelo Labs Ceases Operations Today, October 31, 2023
Today marks the cessation of operations for Stelo Labs, in accordance with their earlier announcement on October 17, 2023. The termination affects all Stelo products, including the widely recognized Stelo Chrome extension, which will no longer simulate transactions...
Vitalik Buterin Analyzes Ethereum’s Layer 2 Solutions
Ethereum founder, Vitalik Buterin, delved into the intricacies of Layer 2 (L2) solutions on the Ethereum blockchain in a detailed post dated October 31, 2023. He acknowledged the rapid expansion of the L2 ecosystem, especially the ZK-EVM rollup segment, featuring...
UN Research Unveils Bitcoin’s Environmental Toll Beyond Carbon Emissions
The global embrace of digital currencies, driven significantly by Bitcoin, has come under scrutiny following a new United Nations study spotlighting the environmental detriments tied to cryptocurrency mining, extending beyond the often-cited carbon emissions to...
Snowtrace to End Etherscan-Powered Service by Nov 30
On October 30, 2023, Snowtrace.io, a popular blockchain explorer tool dedicated to the Avalanche C-Chain, announced that it would be discontinuing its Etherscan-powered explorer effective from November 30, 2023 (00:00 UTC). This announcement came through a series of...
Japan Freezes Assets Linked to Hamas Funding
On October 31, the Japanese government announced the freezing of assets belonging to nine individuals and one cryptocurrency trading company accused of financially aiding the Palestinian militant group Hamas, as per Kyodo News. This action comes amidst an ongoing...
Ripple CEO Brad Garlinghouse Criticizes Former SEC Chair Jay Clayton’s Regulatory Approach
The Chief Executive Officer of Ripple, Brad Garlinghouse, has voiced his disagreement with the regulatory posture taken by Jay Clayton, who formerly served as Chair of the US Securities and Exchange Commission (SEC). This criticism surfaced in response to statements...
Solana’s SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030
A detailed analysis by VanEck, a major asset management firm, sketches various valuation scenarios for Solana (SOL) by the year 2030, amid the blockchain's remarkable performance and its strive for scalability, dated October 27, 2023. VanEck's examination lays out...
UN convenes AI High-level Advisory Body for Global Governance
The United Nations Secretary-General is spearheading a multi-stakeholder High-level Advisory Body on Artificial Intelligence (AI). The initiative aims to harness AI's potential for humanity while addressing its accompanying risks and uncertainties as AI technologies...
OpenAI Initiates Preparedness Team to Address AI Catastrophic Risks
OpenAI, notable for its advanced AI research and the creation of models like ChatGPT, unveiled a new initiative on October 25, 2023, targeted at addressing the multitude of risks associated with AI technologies. The initiative heralds the formation of a specialized...
Taiwan’s Legislature Considers Virtual Asset Management Bill to Protect Consumers
On October 25, Taiwanese legislators tabled the Virtual Asset Management Bill before the single-chamber parliament, the Legislative Yuan. This initiative seeks to bolster consumer protection and furnish better oversight over the burgeoning digital asset sector. The...
SEC Commissioner Expresses Dissent on LBRY Case Outcome
On October 27, 2023, Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce voiced her dissent regarding the commission’s litigation against blockchain firm LBRY, Inc. (“LBRY”). This litigation emerged from the SEC’s enforcement action initiated in...
dYdX Initiates Token Migration Following Layer-1 Blockchain Inception
Antonio Juliano, the founder of dYdX, announced on Twitter on 28 October 2023, regarding impending substantial transfers of $DYDX tokens in the following days. This alert is in alignment with dYdX Trading Inc. and other locked token holders' plans to migrate tokens to...
Floki Enters the Tokenization Arena with TokenFi Launch
Floki has unveiled its new platform, TokenFi, aimed at easing the crypto and asset tokenization process. This revelation comes at a time when the tokenization domain is foreseen to swell to a staggering $16 trillion by 2030. The announcement made on October 26, 2023,...
Ethereum Devnet 10 Testing Paves Way Towards Mainnet
On October 26, 2023, Ethereum protocol developers convened to discuss the recent results of devnet 10 testing. Initially, an update was presented by @parithosh_j and @BarnabasBusa regarding the successful launch of the network earlier in the week, according to Tim...
Aptos Unveils Winners of the Singapore World Tour Hackathon
Aptos is a well-known network that is known for encouraging innovation, and it has now made the winners of the Singapore leg of its World Tour Hackathon public announcements. On October 27, 2023, the network revealed 14 projects that stood out in different tracks via...
Elliptic Debunks Claims of Substantial Crypto Funding to Hamas
On October 25, 2023, blockchain analytics firm Elliptic released a statement clarifying misconceptions surrounding the extent of cryptocurrency funding received by Hamas. The firm emphasized the absence of substantial evidence supporting claims that Hamas has garnered...
ECB Advances Digital Euro Project into Preparation Phase
The European Central Bank (ECB) has recently taken significant steps towards the conceptualization and eventual issuance of a digital euro, a Central Bank Digital Currency (CBDC). This development comes as a response to the increasing digitalization of the economy and...
Citi Partners with World Bank on Euroclear’s DLT Platform for Digitally Native Note Issuance
Citi's Issuer Services, a segment of Securities Services, acted as the Issuing and Paying Agent for the first Digitally Native Note (DNN) issuance under English Law through Euroclear's Digital Financial Market Infrastructure (D-FMI) distributed ledger technology (DLT)...
Vodafone DAB and Chainlink Labs Unveil Blockchain Solution to Streamline Global Trade
Vodafone's Digital Asset Broker (DAB) and Chainlink (LINK) Labs have unveiled a proof of concept (PoC) in collaboration with Sumitomo Corporation and InnoWave. This initiative aims to tackle the inefficiencies entrenched in the mammoth $32 trillion global trade arena....
Hong Kong FinTech Week 2023 “Fintech Redefined”
Hong Kong FinTech Week 2023 "Fintech Redefined." *************************************************************** Invest Hong Kong (InvestHK) today (October 18) unveiled details of Hong Kong FinTech Week 2023 (HKFW). The eighth edition of HKFW, themed "Fintech...
Bitcoin ETF Approval Expected to Propel Market Influx
The anticipation surrounding the approval of a US-regulated spot Bitcoin ETF is mounting, considering its potential to significantly catalyze the adoption of Bitcoin and its recognition as a viable asset class. As of September 30, 2023, Bitcoin investment products,...
BlockFi Triumphs Over Bankruptcy, Initiates Creditor Reimbursements
BlockFi, a bankrupt cryptocurrency lending platform, announced its successful emergence from bankruptcy on October 24, 2023, marking a significant turnaround. The announcement followed an arduous 11-month endeavor by the management, advisors, and stakeholders to steer...
California Proposes Crypto ATM Regulations Amid Rising Fraud
In a bid to curb the rising tide of fraudulent activities, California lawmakers have introduced a measure termed "Digital Financial Asset Transaction Kiosks." The measure advocates for a daily withdrawal limit of $1,000 from cryptocurrency ATMs. Furthermore, the bill...
Magic Eden Halts BRC-20 Trading Temporarily Amid Ordinals Expansion
On October 22, 2023, the decision was made by Magic Eden, a multi-chain NFT marketplace, to temporarily prohibit the trading of BRC-20 tokens in order to guarantee the maximum degree of safety possible for its consumers. This decision will continue to be implemented...
New Bitcoin Lightning Network Vulnerability Exposed: The Replacement Cycling Attack
A recent revelation on the Lightning Network vulnerability known as a “replacement cycling attack” has prompted notable security researcher and developer, Antoine Riard, to step down from his role on the Lightning Network development team. The disclosure of this...
FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an alert on October 20, 2023, aimed at assisting financial institutions in identifying funding streams that support the terrorist organization Hamas. This move comes after a...
Microsoft’s AI Revolution: CEO Satya Nadella Unveils Bold Tech-infused Vision
Microsoft's Chairman and CEO, Satya Nadella, recently penned his annual letter, unveiling the technology behemoth's vision to drive a new era dominated by Artificial Intelligence (AI). The detailed discourse, shared on October 20, 2023, via LinkedIn, articulates the...
Coinbase’s Base Bootcamp Launches to Address Onchain Developer Shortage
Base, Coinbase's Ethereum layer-2 network, has announced the beginning of Base Bootcamp, an eight-week, cohort-based program with the goal of converting experienced software engineers into smart contract developers. Base Bootcamp will focus on teaching participants...
Singapore High Court Approves iSanctuary’s Use of NFTs for Financial Investigations
The Singapore High Court's decision to allow iSanctuary to attach NFTs to cold wallets involved in a financial hack marks a significant legal milestone. These NFTs, known as SoulBound tokens, are non-transferrable and will be permanently linked to the wallets in...
Long-term Dormant Ethereum ICO Participant Activates $3.2 Million Worth of ETH
A participant of the initial coin offering (ICO) for Ethereum has emerged from an 8.2-year hiatus, transferring their entire stash of 2,000 ETH, valued at $3.2 million, to four distinct addresses. This event occurred on October 21, 2023, as reported by Lookonchain via...
Greece Establishes High-Level Advisory Committee for Artificial Intelligence Strategy
Kyriakos Mitsotakis, the Prime Minister of Greece, made the announcement on the establishment of a High-Level Advisory Committee for Artificial Intelligence (AI) on October 19, 2023. The purpose of this group is to get Greece ready for the tremendous breakthroughs...
IBM Unveils NorthPole: An Energy-Efficient AI Chip Prototype
In the contemporary data-driven world, the quantum of data processed and transmitted globally every day is staggering. However, the energy requisites for such processes are significant, propelling the necessity for energy-efficient gadgetry. Recently, researchers led...
Chamber of Digital Commerce Joins Forces to Counter SEC’s Lawsuit Against Binance.US
A concerted effort is underway to defend against the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Binance. This lawsuit, rooted in allegations dating back to at least July 2017, claims that Binance, under the stewardship of CEO...
DTCC to Acquire Securrency, Advancing in Digital Asset Infrastructure
The Depository Trust and Clearing Corporation (DTCC) has solidified its position in the digital asset sphere by confirming its intention to acquire Securrency, a firm renowned for its expertise in digital asset infrastructure development. This acquisition aligns with...
Title: EU Council Adopts DAC 8 Directive to Enhance Tax Oversight on Crypto Transactions.
Prior to December 7, 2021, the council indicated in its report to the European Council that it expects the European Commission to submit a legislative proposal in 2022 on further revision of the directive 2011/16 / EU on administrative cooperation in the field of...
Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development
Circle, a global financial technology firm, has taken steps to simplify blockchain interactions for developers and businesses with the beta launch of two new Web3 Services products: Gas Station and Smart Contract Platform. These new services come as a follow-up to...
Ripple Executives Cleared of SEC Charges in Landmark Decision
Ripple, a major player in the business blockchain and cryptocurrency solution markets, has made an important announcement about a successful court battle. Both of the company's top executives, Brad Garlinghouse and Chris Larsen, were cleared of all allegations brought...
Debunking Overblown Claims on Crypto and Terrorism Financing
In light of the recent terrorist attack in Israel orchestrated by Hamas, Chainalysis, a blockchain analysis company, addresses the misconceptions surrounding cryptocurrency's role in terrorism financing in a blog post dated October 18, 2023. The analysis reveals that...
US Toughens Export Controls on Semiconductors to China Amid Military Concerns
The US Department of Commerce’s Bureau of Industry and Security (BIS) unveiled tightened export controls on advanced computing semiconductors, semiconductor manufacturing equipment, and supercomputing items to nations deemed as "countries of concern", including the...
Fantom Foundation Wallets Compromised in Suspected Chrome Exploit
Fantom Foundation announced that several of their wallets were compromised. Reports confirmed that a number of Fantom wallets were affected earlier today, which involved a loss of approximately $550K in Fantom Foundation funds. However, it's reassuring to note that...
Scroll Launches zkEVM Mainnet | Blockchain News
On October 17, 2023, Scroll, an open-source, community-centric Ethereum scaling solution, unveiled its mainnet, marking a pivotal stride towards augmenting scalability and propelling developer adoption on the Ethereum blockchain. This comes after two years of...
dYdX Transitions to Public Benefit Corporation
In a bid to realign its organizational structure with the broader interests of the web3 community, dYdX Trading Inc. has amended its charter to transition into a Public Benefit Corporation (PBC). This change was publicly announced on 17 October 2023 by Antonio, the...
Bitget U30 Hackathon Recognizes Budding AI and Blockchain Innovators
Bitget, a renowned cryptocurrency derivatives and copy trading platform, celebrated the triumphant teams of its Under 30 Virtual Hackathon on October 16, 2023. This venture is a part of the Blockchain4Youth CSR program aimed at fostering young talents in AI and...
Coinbase Amplifies Anti-Terrorism Financing Measures Through Blockchain Analytics
In an era where digital currencies are gaining traction, ensuring the prevention of their misuse is paramount. On October 17, 2023, Coinbase, a prestigious cryptocurrency exchange, delineated its strategies to combat illicit financial activities, particularly focusing...
Reddit to Discontinue Blockchain-Based Community Points Program
In a bid to prioritize scalable reward programs, Reddit is terminating its blockchain-based Community Points program, a decision that has garnered significant attention in recent days, according to Techcrunch. The system, conceived to incentivize positive engagement...
Animoca Brands subsidiary Darewise Entertainment Secures US$3.5M for Bitcoin Metaverse Ecosystem Token
Darewise Entertainment, a subsidiary of Animoca Brands, announced on 17 October 2023, a successful pre-sale event, accumulating US$3.5 million ahead of its Bitcoin metaverse ecosystem token launch. The funds are slated for the further development of the Bitcoin...
Singapore AGC Launches Tech and Crypto Crime Task Forces
In response to the evolving landscape of technology-enabled crimes, Singapore's Attorney-General's Chambers (AGC) has officially established two specialized task forces this year, according to Lianhe Zaobao. Comprising approximately 20 prosecutors, these units aim to...
WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal
In a stride towards embracing digital currency, WeStreet Credit Union, based in Tulsa, Oklahoma, has unveiled a Crypto Portal to facilitate the buying, selling, and holding of cryptocurrencies for its members and the general public. Initially launched in August 2023...
Lido Finance Halts Operations on Solana Following Community Consensus
Lido Finance, a decentralized liquid staking protocol, has decided to cease its operations on the Solana blockchain post a unanimous community verdict. This decision came into light on October 16, 2023, after an extensive dialogue and subsequent community voting...
Exploring the Basel Committee’s Draft on Crypto Asset Exposure
On October 17, 2023, the Basel Committee on Banking Supervision released a consultative document concerning the disclosure of cryptoasset exposures by banks, seeking public feedback until January 31, 2024. The document is accessible on the BIS website. This comes...
Why Multicoin Capital Invested $5.7M in Squads Labs
On October 16, 2023, investment firm Multicoin Capital divulged its latest funding round for Squads Labs, amounting to $5.7 million. This investment surge elevates the total funding for Squads to $12.5 million, marking a significant financial milestone for the core...
BC Technology Group Shares Drop 30%, Company Clarifies OSL Sale Rumor
BC Technology Group Limited, a leading digital asset and fintech firm listed on the Stock Exchange of Hong Kong (SEHK), issued a clarification announcement regarding unusual share price movements and misinformation circulating about the sale of its virtual asset...
Platypus Recovers 90% of Stolen Funds from Recent Exploit
Decentralized finance (DeFi) protocol Platypus has made significant strides in recovering assets stolen in a recent exploit. On 17 October 2023, the protocol announced via its Twitter handle, Platypusdefi, that it had successfully negotiated with the exploiter and...
Animoca Brands subsidiary Forj Unveils $APE Accelerator to Boost ApeCoin Ecosystem
Animoca Brands subsidiary, Forj, has officially opened applications for the inaugural cohort of the $APE Accelerator, an initiative designed to propel the ApeCoin ecosystem forward. The $APE Accelerator is a community-centric Web3 platform funded by the ApeCoin DAO,...
Upbit’s Massive LOOM Transactions Drive Market Fluctuations
Recent market activities indicate a significant movement of LOOM tokens associated with Upbit, a well-known digital asset exchange. Over the past 48 hours, Upbit has escalated the frequency of depositing LOOM to other exchanges, Binance and Bithumb, summing up to over...
Coinhouse Trims 15% Workforce Amid Crypto Sector Challenges
On October 13, 2023, French crypto exchange Coinhouse announced a 15% reduction in its workforce, following in the steps of another French unicorn, Ledger. This move primarily affects the web 3.0 department within the firm. Coinhouse CEO Nicolas Louvet, in an...
Solana Foundation Offers $400k Bounty for Critical Code Discovery
The Solana Foundation is offering a monetary reward of $400,000 to anyone who can identify a code that could potentially halt the Solana network, as revealed by Jacob Creech, Head of Developer Relations at Solana. The announcement came through Creech's Twitter post on...
Web3 Foundation Announces Over $1.1M in Grants Under Wave 19 Program
The Web3 Foundation has recently concluded its 19th wave of grants, dedicating over $1.1 million towards 33 different projects under the Web3 Foundation Grants Program. This wave witnessed a submission of 100 applications, marking the highest in over two years. The...
FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases
On October 17, 2023, FTX Debtors made a significant announcement regarding their ongoing Chapter 11 cases, marking a major milestone in their efforts to resolve complex customer property disputes. After extensive discussions involving key stakeholders, including the...
Solana Foundation Forms Strategic Alliance with DMCC Crypto Centre in Dubai
On October 15, 2023, the Solana Foundation announced a significant partnership with the Dubai Multi Commodities Centre (DMCC) Crypto Centre, aiming to bolster the Web3 sector in Dubai—a recognized global hub for cryptocurrency and blockchain innovations. This alliance...
Uniswap V4 Open-Source Directory Sparks Controversy Over New KYC Hook
The unveiling of an open-source directory dedicated to Uniswap v4 hooks has recently incited discord within the cryptocurrency realm. At the heart of the contention is a newly introduced hook, now accessible on this directory. This hook facilitates the execution of...
Crypto Adoption in Latin America: A Tool Against Economic Woes and Authoritarianism
Latin America is carving a unique narrative in the global cryptocurrency landscape, with Venezuela and Argentina standing out due to their distinct socio-economic and political contexts. According to a report by Chainalysis, Latin America ranks seventh in the global...
Upbit Singapore Acquires Preliminary MAS Approval for Major Payment Institution Licence
On October 16, 2023, Upbit Singapore Pte. Ltd. (Upbit Singapore), secured an in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence, marking a pivotal step in the firm's journey to fortify its digital...
UAE and OKX Unveil Framework for Metaverse Self-Governance
The UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications Office has published a whitepaper on a "Responsible Metaverse Self-Governance Framework" with contributions from OKX, a notable player in the Web3 technology domain....
California Governor Signs Digital Financial Assets Bill, Tightening Crypto Regulations from July 2025
On October 13, 2023, California Governor Gavin Newsom signed Assembly Bill 39, enacting the Digital Financial Assets Law, aimed at establishing a comprehensive regulatory framework for cryptocurrency activities in the state. Set to be effective from July 1, 2025, the...
Cobo Argus Boosts DeFi Strategies Security via Chainlink Price Feeds Integration
On October 12, 2023, Cobo Argus, a fortified on-chain DeFi management solution, announced its integration with Chainlink Price Feeds on the Arbitrum mainnet, bolstering the security and efficiency of its automated DeFi strategies. This integration stems from Cobo...
SoFi Unveils 1% IRA Match to Spur Early Retirement Amid Millennial and Gen Z Aspirations
San Francisco-based digital personal finance company SoFi has announced a 1% match on all eligible Individual Retirement Account (IRA) contributions through its SoFi Invest platform, effective immediately. This initiative aligns with the recent findings from SoFi's...
Google Unveils Batch Calibration to Enhance LLM Performance
Google Research recently introduced a method termed Batch Calibration (BC) aimed at enhancing the performance of Large Language Models (LLMs) by reducing sensitivity to design decisions like template choice. This method is poised to address performance degradation...
Coinbase Calls for Judicial Intervention on SEC’s Inaction
Coinbase's Chief Legal Officer, Paul Grewal, has taken a step towards resolving the ongoing regulatory ambiguity surrounding digital assets. On October 13, 2023, Grewal filed a formal response with the U.S. Court of Appeals for the Third Circuit, urging the court to...
Celestia’s Core Values: Bridging Off-chain Governance with User-centric Network
Mustafa Al-Bassam, the trust-minimization engineer and co-founder of Celestia, elucidated the five cornerstone values governing the social layer of the Celestia network in a comprehensive post on 12th October 2023. These precepts are devised to bolster the...
Sui Network Redirects Additional 40M SUI, Totaling 157 Million
The Sui Foundation has announced a further allocation of 40 million SUI tokens towards its ecosystem and community development, as revealed in a tweet by Sui Network on 14th October 2023. This allocation comes in addition to the 117 million SUI reallocated in the...
US Authorities Uncover Chinese-linked Bitcoin Mining Operations
The discovery of numerous Bitcoin mining operations with ties to China on American soil has flagged serious national security concerns among US authorities. A comprehensive report published by The New York Times on October 13 unveils a substantial presence of Bitcoin...
Mastercard Unveils Interoperable CBDC in Australia
Mastercard, in collaboration with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), has unveiled a pioneering solution that fosters the interoperability of Central Bank Digital Currencies (CBDCs) across diverse blockchain...
Google Unveils IP Indemnity for Generative AI Users
On October 13, 2023, Google Cloud's VP Legal, Neal Suggs, and VP of TI Security & CISO, Phil Venables, unveiled an industry-first two-pronged intellectual property (IP) indemnity initiative aimed at safeguarding users of its generative AI services from potential...
Reuters: U.S. Aims to Thwart Chinese Access to AI Chips via Overseas Outlets
The Biden administration is contemplating measures to plug a loophole that has been enabling Chinese firms to acquire U.S. artificial intelligence (AI) chips through overseas channels, as reported by Reuters on October 13, 2023. This move underscores Washington's...
Former Voyager Digital CEO Faces Fraud Charges Amid CFTC and FTC Crackdown
On October 12, 2023, a significant regulatory maneuver unfolded as the Commodity Futures Trading Commission (CFTC) filed a complaint in the U.S. District Court for the Southern District of New York against Stephen Ehrlich, the former CEO of the now-bankrupt Voyager...
STEPN Integrates Apple Music into Web3 App
Apple and STEPN (with a utility token called GST and a governance token called GMT) have announced the integration of Apple Music into the STEPN application, marking yet another milestone in the ongoing partnership between traditional tech juggernauts and emerging...
THORSwap Resumes Operations with Enhanced Security Measures to Combat Illicit Funds Transfer
In light of recent concerns regarding the potential transfer of illicit funds, THORSwap, a decentralized exchange (DEX) powered by the multichain THORChain protocol, resumed operations on October 13, 2023, following a temporary shutdown earlier this month. The...
SEC Chair Gensler Faces Congressional Pressure Over EU Coordination and Lack of Transparency
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is under heightened scrutiny from the House Committee on Oversight and Accountability concerning the SEC's interactions with European Union (EU) bodies on legislative matters. The tension primarily...
Blockstream’s Greenlight Officially Launches, Promising Simplified Lightning Operations
Blockstream, a leading player in the blockchain arena, has officially rolled out Greenlight, its innovative Lightning-as-a-Service (LaaS) solution to the global market on October 12, 2023, following an initial reveal in June. This marks a significant stride towards...
Uniswap Expands Mobile Footprint with Android Wallet Launch
Uniswap, a leading decentralized crypto exchange, has unveiled a beta version of its mobile wallet for Android devices on October 12, 2023, as announced in a recent blog post. This move follows the successful launch of its iOS mobile app on April 13, 2023. The iOS...
Ex-CEO of Investment Firm Pleads Guilty to Cryptocurrency Fraud Scheme
Peter Kambolin, the former CEO of a Miami-based investment firm, Systematic Alpha Management LLC (SAM), pleaded guilty on October 11, 2023, to a fraudulent scheme involving cryptocurrency futures contracts, as announced by the United States Department of Justice (DOJ)...
FTC Settles with Voyager Digital Over Misleading FDIC Claims, Former CEO Charged
The Federal Trade Commission (FTC) on October 12, 2023, disclosed a settlement with the beleaguered cryptocurrency firm, Voyager Digital, post allegations of misleading consumers regarding the safety of their deposits. The settlement emerges amid a broader crackdown...
Terraform Labs Seeks Citadel Securities’ Trading Data amid SEC Lawsuit
Terraform Labs Pte. Ltd. (Movant), has filed a motion to compel market maker Citadel Securities, LLC to divulge crucial trading data. This data, pertinent to a third-party subpoena, is deemed critical for Terraform Labs' defense against a lawsuit initiated by the U.S....
Report: OKX Ventures Boosts Ecosystem with Investments in Aark Digital, dappOS, and 0xScope
In a recent recap, OKX Ventures sheds light on its proactive steps toward fortifying the crypto ecosystem through strategic investments in innovative projects like Aark Digital, dappOS, and 0xScope, amidst a burgeoning crypto industry. OKX Ventures, in its September...
SBI Invests $15 Million into Alpaca, Forges Partnership
On October 12, 2023, Alpaca, a comprehensive global brokerage platform based in San Mateo, California, made public its strategic alliance with Japan's financial behemoth SBI Holdings (SBI). This partnership has been further cemented with a USD15 million investment...
FTX’s $477 Million Heist: A Trail of Blockchain Clues Unearthed
In the shrouded realm of blockchain, the FTX hack that transpired on November 11, 2022, stands as a glaring testament to the cryptic trails a nefarious act can leave behind. The Bahamas-based cryptocurrency exchange, FTX, fell prey to an unidentified hacker who made...
Craig S Wright Challenges Cypherpunk Interpretation of Bitcoin
Dr. Craig S Wright, the Chief Scientist at nChain and a self-proclaimed creator of Bitcoin, elucidated his perspective on the cypherpunk movement's misinterpretation of Bitcoin through a tweet on October 12, 2023, referencing a blog post he authored on October 11,...
Stars Arena Recovers Majority of Stolen Crypto
Web3-based social media platform, Stars Arena, has made a significant recovery of the crypto assets lost during a security breach on October 7, 2023. As per the update shared on October 11, 2023, via a tweet, the platform successfully reclaimed approximately 90% of...
Bitget’s Gracy Chen Praises Binance’s Copy Trading Launch
Crypto copy trading is gaining traction among major cryptocurrency exchanges, a trend noted by Gracy Chen, the Managing Director of Bitget, a pioneering platform in this arena. The surge of interest in copy trading among the crypto community is evidenced by Binance,...
U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation
A group of seven U.S. Senators, including prominent figures Elizabeth Warren and Bernie Sanders, submitted a letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel. This letter voiced the Senators' concerns regarding a significant delay in...
Curve Founder Michael Egorov Withdraws Near 12 Million CRV Tokens
Michael Egorov, the founder of decentralized finance (DeFi) platform Curve Finance, withdrew nearly 12 million CRV tokens (11.85 million to be precise), equivalent to $5.08 million, from the platform's vesting contracts. The disclosure was made by Scopescan on its...
Bitfinex Unveils Zero-Fee P2P Trading in Argentina, Colombia, Venezuela
On October 11, 2023, Bitfinex, a leading digital asset trading platform, disclosed the initiation of a zero-fee trading facility for market takers on its Peer-to-Peer (P2P) platform in Argentina, Colombia, and Venezuela. This development follows the recent...
Platypus Finance Suffers Exploit Resulting in Over $2M Loss
On 12th October 2023, a notable incident occurred within the decentralized finance (DeFi) sector as the protocol Platypus Finance on the Avalanche blockchain faced an exploit. The exploit led to a loss surpassing $2 million, triggering a surge of concern within its...
WEMIX and Mirana Ventures Fuel Chinese Blockchain Gaming with $30M Fund
In a concerted move to bolster the blockchain gaming sphere in China, Singapore-based WEMIX PTE. LTD., a subsidiary of WEMADE, has strategically invested in five Chinese game developers, according to GlobeNewswire. This investment was channeled through a specialized...
Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions
On Wednesday, October 11, 2023, cryptocurrency exchange Bitfinex announced the enablement of Tether Gold (XAUt) transactions through the Polygon zkEVM transport layer. The new functionality, which became effective from 03:00 PM UTC on the said date, allows Bitfinex...
Report: TON and Telegram Forge Alliance in Q3 2023
According to Report, the Open Network (TON) Ecosystem witnessed a momentous Q3 2023, marked by extensive user engagement, product launches, and a remarkable alliance with Telegram. The quarter's highlights reflect a vibrant growth trajectory for TON, encapsulating a...
Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week
After making a statement on the 10th of October 2023 outlining changes in its operational emphasis, the blockchain technology company Parity Technologies, which is the service provider behind the Polkadot (native token: DOT) blockchain, is said to have let go of more...
FCA Restricts Rebuildingsociety.com, Impeding Binance’s UK Compliance Efforts
The Financial Conduct Authority (FCA) of the United Kingdom has imposed restrictions on the peer-to-peer lending platform Rebuildingsociety.com Ltd (Ref. No. 656344), which had recently formed a partnership with crypto exchange Binance for compliance with local...
Cyprus Tightens Crypto Regulations with Hefty Penalties for Non-Compliance
Cyprus is set to introduce stringent penalties for unregulated cryptocurrency service providers (CSPs), according to the Cyprus Mail. The government has submitted a legislative amendment to the "Prevention and Suppression of Money Laundering Law," aiming to align the...
Islamic Coin Plunges 100%, PeckShield Alerts
PeckShield, a blockchain security company, alerted the crypto community about a significant dip in Islamic Coin’s value on the BNB chain. According to a tweet by PeckShield's alert handle, the coin plummeted by a staggering 100%, with a transaction swapping...
Circle Launches Native USDC on Polygon
USDC has been natively introduced on the Polygon Proof of Stake (PoS) network, eliminating the necessity for bridging. With this update, both developers and users can now access USDC directly on Polygon PoS. The integration is facilitated through full support from...
GDAC Exchange Heist Perpetrator Begins Moving Stolen Funds
The hacker responsible for the theft of $13 million from the GDAC exchange on April 9, 2023, has initiated the movement of the stolen funds. This information comes courtesy of a MistTrack Alert posted on Twitter on October 11, 2023. The South Korean cryptocurrency...
South Korean Crypto Exchanges Reveal ‘Compensation Reserve Funds’; Upbit Leads with KRW 20 Billion
In light of the significant regulatory strides taken by South Korea in the cryptocurrency domain, the disclosure of 'Compensation Reserve Funds' by domestic crypto exchanges emerges as a resonating move toward bolstering financial safeguards in the burgeoning digital...
Fidelity Reiterates Bitcoin’s Unique Value as a Primary Investment Choice
Identifying assets with enduring value remains a pivotal concern for investors. Recently, Fidelity Digital Assets shed light on the distinct stature Bitcoin holds among digital assets, endorsing it as a primary consideration for investors. This narrative was further...
Coinbase Legal Chief Urges Swift US Crypto Legislation Amid Israel-Hamas Tensions
Paul Grewal, the Chief Legal Officer at Coinbase, voiced a strong stance against funding malicious entities through cryptocurrencies in a series of tweets on October 11, 2023. His tweets come amidst escalating geopolitical tensions involving Israel and the terrorist...
Islamic Coin Launches Community Rewards on Haqq Network
Islamic Coin (@Islamic_Coin), a Shariah-compliant digital asset ecosystem operating on the Haqq Network blockchain, has introduced a Community Rewards program. This initiative, announced on October 11, 2023, is designed to appreciate and engage the community which has...
Uniswap Foundation Seeks Additional $46.2M Funding for Next Two Years of Operations
Uniswap Foundation has initiated a governance proposal to secure additional funding of $46.2 million for the next two years of its operations, through an on-chain vote. The foundation's revised proposal follows a Temperature Check and aims to facilitate its...
Legal Team of Samuel Bankman-Fried Seeks to Question Involvement of FTX Lawyers in $300 Million Loans
On October 9, 2023, the legal team of Samuel Bankman-Fried, represented by COHEN & GRESSER LLP, submitted a letter to U.S. District Judge Lewis A. Kaplan. The letter was filed in response to the court's October 1 order, which provisionally restricted the defense...
Polkadot Reports Q3 Growth: New Parachains, Staking Metrics, and Technical Upgrades
Polkadot's ecosystem saw significant expansion in Q3 2023, with the addition of five new parachains, a rise in staking metrics, and major technical upgrades. The total volume of staked DOT increased to 663 million, and the platform recorded more than 190 million...
MicroStrategy’s Debt Dilemma: A Balancing Act Between Bonds and Bitcoin
The behavior of MicroStrategy in borrowing money to purchase Bitcoin has stirred quite a controversy. Adam Cochran, a partner at CEHV and a known figure in the crypto space, recently dissected the precarious financial position of MicroStrategy, a company headed by...
Coinbase Rolls Out AI-Driven ERC-20 Scam Token Detection System
Coinbase's Chief Legal Officer, Paul Grewal, recently shed light on how their Engineering team is harnessing Artificial Intelligence (AI) to root out ERC-20 scam tokens.This innovation was disclosed on October 6, 2023, by Yifan Xu, Indra Rustandi, Yao Ma, and Vijay...
Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability
Flow blockchain, under the aegis of Dieter Shirley, co-creator of CryptoKitties and Chief Architect of Flow, has floated a proposal to integrate Ethereum Virtual Machine (EVM) on its platform, aiming for full EVM equivalence. This move is designed to bridge the...
U.S. Prosecutors Aim to Sideline Asset Recovery Talks in Bankman-Fried Trial
The U.S. prosecution team has issued a formal request to the United States District Court, Southern District of New York, seeking to preclude the defense from introducing arguments or evidence concerning the current value of specific investments in the trial against...
Ethereum Foundation Suffered from MEV Bot Attack in Eth Selling
The recent exploit faced by the Ethereum Foundation on the decentralized finance (DeFi) platform Uniswap V3 casts a spotlight on the burgeoning issue of Sandwich attacks orchestrated by MEV (Miner Extractable Value) Bots within the blockchain and cryptocurrency...
Alameda Research Minted Over $39 Billion USDT, Amounting to Nearly Half of Tether’s Circulating Supply
A recent disclosure by Conor Grogan, Director at Coinbase, unveiled a noteworthy involvement of Alameda Research in the minting of Tether (USDT) tokens. Through meticulous on-chain data analysis, it was found that Alameda was responsible for minting a massive $39.55...
U.S. Lawmakers Urge Stricter Export Controls on Advanced Semiconductors to China
Two senior Republican members of the U.S. House of Representatives have called on the Biden administration to tighten export controls on advanced semiconductors to China. The lawmakers, Michael McCaul and Mike Gallagher, chairmen of the House Foreign Affairs Committee...
DWF Labs Co-founder Andrei Grachev Announces Financial Partnership with DMCC
On October 8, 2023, Andrei Grachev, the co-founder of DWF Labs, divulged a significant partnership between his firm and the Dubai Multi Commodities Centre (DMCC) via Twitter. This alliance is poised to enhance the financial ecosystem within DMCC, as DWF Labs commits...
Ethereum Foundation’s 1.7K ETH Sale Signals Potential Price Downturn
Ethereum Foundation's Sale Raises Red Flags On October 9, 2023, blockchain analytics platform Scopescan reported that the Ethereum Foundation sold 1,700 ETH, equivalent to approximately $2.76 million, for USDC. The transaction was confirmed by the Ethereum...
Nansen CEO Predicts Six Key Trends in Crypto
In a recent Twitter thread, Alex Svanevik, the CEO of Nansen.ai, delved into six key trends he believes will significantly impact the cryptocurrency landscape in the coming cycle. The detailed thread, posted on October 6, 2023, underscored the blending of fintech with...
Hacking Attempts on Upbit Surge to 159,061 in First Half of 2023
Hacking attempts on South Korea's largest cryptocurrency exchange, Upbit, have surged to 159,061 in the first half of 2023, according to data submitted to the National Assembly. The figure represents a 2.17-fold increase compared to the same period last year. Lawmaker...
Stars Arena Tightens Security Following $3M Exploit
In the wake of a damaging security breach that saw a loss of nearly $3 million, Stars Arena, an Avalanche-based Web3 social media application, has taken significant steps to bolster its security infrastructure and restore users' trust. Following the exploit on October...
SlowMist Report: 10 Crypto Incidents Unveiled
The blockchain and cryptocurrency domain continues to battle against a variety of security threats, as elucidated in the SlowMist Weekly Security Report for the period October 1 - October 7, 2023. The report sheds light on ten distinct security incidents impacting...
Ripple CTO Advocates for Community Consensus on XRP Ledger’s AMM Feature Integration
David "JoelKatz" Schwartz, the Chief Technology Officer at Ripple, has been actively engaging with the community regarding the integration of an Automated Market Maker (AMM) feature on the XRP Ledger (XRPL). Through a series of posts on the social media platform X...
HTX Hacker Returns Stolen Ether, Rewarded with Bounty
Huobi Global's cryptocurrency exchange HTX encountered a significant security breach on September 25, when one of its hot wallets was compromised and drained of 5,000 Ether (ETH), which was valued at approximately $8 million at the time. This incident was part of a...
Kraken Amplifies European Footprint with BCM Acquisition
Kraken, a renowned cryptocurrency exchange based in the United States, has unveiled its strategic plan to acquire Coin Meester B.V. (BCM), marking a significant stride in bolstering its European presence. This acquisition, anticipated to fortify Kraken's stance in the...
Ethereum Founder Vitalik Buterin Proposes Tweaks to Improve Decentralization and Reduce Consensus Overhead
Vitalik Buterin, the founder of Ethereum, has recently proposed a series of changes aimed at improving the network's staking model. The primary objectives are to enhance decentralization and reduce the computational burden on the consensus layer. The proposal comes as...
HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have established a dedicated working group aimed at enhancing collaboration in monitoring and investigating illegal activities related to Virtual Asset Trading Platforms (VATPs). The...
SEC Files Application to Compel Elon Musk’s Compliance with Subpoena
In the application, the SEC outlines its ongoing investigation into Elon Musk's 2022 acquisition of Twitter shares, as well as his subsequent statements and filings with the Commission. The SEC initially served Musk with a subpoena in May 2023, requiring him to appear...
Sui Foundation Reallocates 117M SUI to Bolster Network Growth
The Sui Foundation disclosed today that it will redirect 117 million SUI tokens from external market makers into various channels aimed at fostering the Sui Network's growth. This Layer 1 blockchain network launched its mainnet in May and has since been recognized for...
DOJ Targets SBF’s Jets for Forfeiture
According to a document that was submitted by the United States Department of Justice (DOJ) on October 4, 2023, two luxury aeroplanes worth several millions of dollars that are held by Samuel Bankman-Fried are now potentially vulnerable to forfeiture. The petition...
CMCC Global’s Titan Fund Secures $100M for Asian Blockchain Ventures
Titan Fund, which is managed by CMCC Global, has closed its inaugural investment round on October 4, raising $100 million with the involvement of over 30 investors. Among the prominent investors are the blockchain startup Block.one, the Pacific Century Group, owned by...
Cross-Chain Crime Hits $7B: North Korean Ties Unveiled
Elliptic, a reputable blockchain analytics entity, shed light on the expanding realm of cross-chain crime. Their 2023 report, 'The State of Cross-chain Crime,' delineated that an alarming $7 billion of illicit or high-risk funds have been navigated through cross-chain...
Google Assistant to Integrate Bard AI for Enhanced Capabilities
Bard, Google's powerful artificial intelligence chat service, is going to be included into Google Assistant so that it can provide a wider variety of features. The news was shared on social media on October 4, 2023, by the Made by Google team, which served as the...
HKEX Introduces Synapse: A New Settlement Acceleration Platform for Stock Connect
Stock Connect is a mutual market access programme that connects Mainland Chinese markets with Hong Kong markets. The most recent addition to Stock Connect is called HKEX Synapse. The platform intends to standardise and simplify post-trade operations, with the end goal...
Long-Term Bond Slump Mirrors Historic Stock Market Crashes, Stirs Investor Concerns
The recent precipitous decline in long-term bonds has brought about a flurry of discussions among the investor and financial analyst communities, drawing notable parallels with some of the most infamous market downturns in history. Bonds with a maturity of 10 or more...
Friend.tech Users Lose $385K in Ether to SIM-Swap Scammer
On October 5, 2023, a blockchain investigator by the name of ZachXBT stated that a single scammer had stolen 234 ETH, which is roughly comparable to $385,000, from four customers of Friend.tech over the course of a single day. A SIM-swap assault was carried out by the...
a16z Leads Blackbird’s $24M Series A Funding to Elevate Dining Experiences Through Web3
In the heart of New York City, where a culinary adventure awaits at every corner, a new endeavor is brewing that aims to redefine the dining experience for restaurateurs and patrons alike. This aspiration is embodied by Blackbird, a venture that is stepping into the...
Immutable’s zkEVM Marches Towards Mainnet with a Series of Milestones
According to official Twitter account, Immutable has set the stage for gaming on the Ethereum blockchain with its recently launched zkEVM Testnet, accentuated by the involvement of @0xPolygonLabs. The progress is underscored by over 50 games that have earmarked their...
Polygon 2.0 Takes Major Step with POL Contracts on Goerli Testnet
Three weeks after a Polygon Improvement Proposal (PIP) detailed the specifications for POL, the contracts have been deployed on the Goerli testnet. This is a significant milestone towards the full implementation of Polygon 2.0. The deployment is the culmination of...
FTX Issues Fresh Warning on Phishing Emails and Scam Sites
Cryptocurrency exchange FTX has issued a renewed public warning about phishing emails and scam sites that are designed to impersonate its Debtors' portal. The alert was disseminated via the company's official Twitter account on October 5, 2023. In the tweet, FTX...
dYdX Chain Audit Reveals Zero Critical Issues, Confirms Informal Systems
Decentralized exchange platform dYdX has successfully undergone a full security audit of its Chain code, conducted by Informal Systems. The news was announced on dYdX's official Twitter account and later reposted by the company's founder, Antonio. The audit aimed to...
Yield Protocol and Utopia Labs Announce Wind-Down
Yield Protocol Cessation The team behind Yield Protocol has announced the discontinuation of their service post a collective dialogue with relevant stakeholders. The March 2024 fixed rate series will not see a launch, as declared on their official channel dated 17...
Sygnum Singapore Secures MPI License from MAS
Sygnum Singapore's announcement on 3rd October 2023 concerning its acquisition of a Major Payment Institution Licence (MPIL) from the Monetary Authority of Singapore (MAS) echoes a burgeoning narrative of regulatory evolution in the city-state's digital asset sector....
Global Microfinance Market Projected to Reach $506 Billion by 2030
The global microfinance market has shown consistent growth prospects from 2014 to 2030, according to ResearchAndMarkets. The report focuses on lending activities by both banks and non-bank entities, targeting small enterprises, solo entrepreneurs, and...
Coinbase CLO Responds to SEC’s Opposition
Paul Grewal, the Chief Legal Officer of Coinbase, took to Twitter on October 4, 2023, to address the U.S. Securities and Exchange Commission's (SEC) recent filing against the company. The SEC has opposed Coinbase's motion to dismiss the case against it, a move that...
BETA, BOND, WTC, and XEM Added to Binance’s Monitoring Tag List
Binance has expanded its Monitoring Tag list to include Beta Finance (BETA), BarnBridge (BOND), Waltonchain (WTC), and NEM (XEM) as of October 4, 2023, according to Binance official blog. The Monitoring Tag serves as a risk indicator for tokens with elevated...
Ripple Gains Major Payments Institution License from Singapore’s Monetary Authority
Ripple's Singapore subsidiary, Ripple Markets APAC Pte Ltd, has successfully secured its MPI license for digital payment tokens (DPTs) from the MAS. The license comes on the heels of the regulatory body's in-principle approval of Ripple's application in June 2023....
GSR Secures Major Payment Institution Licence from Singapore’s MAS
GSR Markets Pte. Ltd., the Singaporean subsidiary of global cryptocurrency trading firm GSR, has received In-Principle Approval for a Major Payment Institution licence from the Monetary Authority of Singapore (MAS). Announced on October 2, 2023, this regulatory...
Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
Bitfarms, a Canadian Bitcoin mining firm listed on NASDAQ and TSX under the ticker BITF, reported mining 411 BTC in September 2023, a 7.3% increase from August 2023. The company sold 362 of the mined BTC, generating total proceeds of $9.5 million. The remaining BTC...
Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks
Binance has recently come into collaboration with the Royal Thai Police to aid in the disbanding of major crypto fraudulent networks in Thailand, according to Binance official blog. Through two significant operations, the collaborative efforts have led to the arrest...
Binance and CEO Changpeng Zhao Face Class-Action Lawsuit Over Alleged Market Manipulation Targeting FTX
On October 2, 2023, plaintiff Nir Lahav filed a class-action lawsuit in the District Court of Northern California against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings Inc., and CEO Changpeng Zhao. The lawsuit accuses Binance and Zhao...
Solana Co-founder Labels Ethereum ‘Bourgeois Digital Tyranny
In a fiery discourse on Twitter between 1st and 2nd October 2023, Anatoly Yakovenko, co-founder of Solana Labs, robustly defended the accessibility and inclusivity of the Solana network, engaging in a series of tweets that delved into the philosophies underpinning...
Precedent Trial of SBF Engrosses Coinbase Executives as FTX Faces Judicial Scrutiny
On the morning of October 4, 2023, a significant legal event will unfold as Judge Kaplan begins the criminal trial against Sam Bankman-Fried (SBF), a name that has become synonymous with the crypto exchange FTX. The anticipation surrounding the trial has caught the...
Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion
On October 2, 2023, NYSE Arca and Grayscale Investments took a significant step in the regulated crypto investment landscape by filing Form 19b-4 with the SEC. The aim is to convert Grayscale Ethereum Trust (OTCQX: ETHE) into a spot Ethereum ETF. "As we file to...
Uniswap Launches on Moonbeam Network, Extending to Polkadot
Uniswap's V3 contracts have found a new home on the Moonbeam Network, a leading destination for multi-chain applications on Polkadot. With over $3 billion in Total Value Locked (TVL), Uniswap is a giant in the decentralized exchange (DEX) sphere. This integration, a...
IMF Proposes Framework to Assess Crypto Asset Risks
A recent working paper by the International Monetary Fund (IMF) titled "Assessing Macrofinancial Risks from Crypto Assets" has shed light on the complexities and potential risks in the rapidly growing crypto sector. The paper serves as a comprehensive guide for...
Hong Kong’s Crypto Rise: Harbinger for China?
Eastern Asia has seen its cryptocurrency market dynamics shift significantly, with a notable decline in crypto activity over recent years, primarily attributed to China's restrictive stance. However, a wind of change may be blowing from Hong Kong, as the region...
Google Cloud Becomes Validator on Polygon’s PoS Network
On September 29, 2023, Google Cloud made a significant move by joining Polygon's Proof of Stake (PoS) network as a validator. The development was confirmed by both Polygon Labs and Google Cloud Singapore through their respective Twitter accounts. Google Cloud will...
Microsoft Ventures into Nuclear Energy to Power AI Development
To further its efforts in the field of artificial intelligence (AI), software giant Microsoft is venturing into the potentially dangerous world of nuclear power. The IT giant has signalled a strategic effort to establish an energy strategy based on Small Modular...
Paradigm Challenges SEC’s Authority in Lawsuit Against Binance
On September 29, 2023, Paradigm filed an amicus brief in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Binance, a leading cryptocurrency exchange. Paradigm is not an investor in Binance and has no direct financial interest in the...
FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security
In an effort to enhance transparency and bolster the trust of its customers, FTX Japan has unveiled a blockchain-based technology known as Proof of Solvency (PoS). This initiative was announced by Seth Melamed, the COO of FTX Japan, through a series of tweets on...
Ethereum’s Layer 2s Break New Ground in Scalability
Ethereum has marked a commendable 22% upsurge in its value as of September 2023, surpassing many substantial smart contract blockchains, according to Will Ogden Moore's article on Grayscale blog. The escalation is significantly credited to the advent of Layer 2...
Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked
Top-performing Ethereum Layer 2 solutions like Arbitrum, Optimism, and BASE have outpaced prominent Ethereum competitor Layer 1 blockchains such as Solana and Avalanche in terms of total value locked (TVL) as of September 25, 2023, according to Grayscale. This shift...
NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot
The National Bank of Georgia (NBG) is propelling forward with its Central Bank Digital Currency (CBDC) venture, dubbed the Digital GEL Pilot Project. The bank is now in the phase of scouting for a singular technology ally to facilitate the Limited Access Live Pilot...
Friend.Tech Boosts Security with CoolWallet on Base Chain
Friend.tech, a decentralized social media platform operating on Base's Ethereum layer-2 chain, has been a significant contributor to Base's recent growth. Base is a secure, low-cost, builder-friendly Ethereum layer-2 chain designed by Coinbase to bring the next...
VanEck Pledges 10% of Ethereum ETF Profits to Protocol Guild
VanEck, a notable investment management firm, has committed to donating 10% of the profits from its Ethereum Strategy ETF (EFUT) to Protocol Guild for a minimum duration of ten years. This declaration came ahead of the anticipated launch of the ETF, symbolized as...
Coinbase Secures Major Payment Institution License from Singapore’s Monetary Authority
Coinbase Singapore announced on October 1, 2023, that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license follows the company's initial "In Principle Approval" and signifies Coinbase's commitment to...
nChain CEO Departs Accusing Dr. Craig Wright of Fraud
Christen Ager-Hanssen, the Group CEO of blockchain technology company nChain, has announced his resignation, effective immediately. Ager-Hanssen took to social media on September 30, 2023, to detail the reasons behind his departure, highlighting a series of serious...
Alpaca Debuts Private Equity Real Estate
According to a press release on September 29, 2023, the alternative investments management company Alpaca of New York presented its Alpaca Real Estate (ARE) private equity real estate platform to the public for the first time. The platform's first foray into the real...
OpenTrade and WOO X Unite to Offer Tokenized T-Bills to Asian Investors
On September 29, 2023, OpenTrade, a notable platform bridging traditional financial markets with digital asset realms, declared a strategic collaboration with WOO X, enabling its user base to tap into tokenized Treasury Bills (T-Bills) and avail USDC-collateralized...
Attorneys for Ex-FTX CEO Samuel Bankman-Fried Challenge Proposed Jury Questions Ahead of Fraud Trial
In a recent legal document filed, attorneys for the former CEO of cryptocurrency exchange FTX, Samuel Bankman-Fried, have raised objections regarding the proposed jury questions for the upcoming fraud trial. The document asserts that the government's proposed jury...
SEC Charges FTX Auditor Prager Metis Over Independence Violations
On September 29, 2023, the Securities and Exchange Commission (SEC) announced legal charges against the international accounting firm Prager Metis CPAs, LLC and its Californian counterpart, Prager Metis CPAs LLP (jointly referred to as Prager), for alleged violations...
How Bitcoin will react to US Government Shutdown
Amidst an imminent government shutdown due to Congress's stalled federal appropriations bill for the fiscal year beginning October 1, 2023, the financial sector holds its breath. The potential shutdown's ripple effects are poised to stretch beyond traditional markets,...
DFINITY Unveils $20 Million ICP Asia Alliance to Propel Web3 Adoption
On September 28, 2023, the DFINITY Foundation, a non-profit R&D entity and a significant player in the Internet Computer Protocol (ICP) blockchain sphere, launched the ICP Asia Alliance and initiated a $20 million grant fund to bolster blockchain and AI endeavors...
Circle Launches Circle Research with Perimeter Protocol
Circle has initiated 'Circle Research', a new venture aimed at propelling technical advancements in the realms of cryptocurrency, blockchain, and Web3 through open-source investigation. The launching of Circle Research is seen as a step forward in hastening and...
Five Market Makers Nearing Worldcoin (WLD) Loan Settlement Date
In July, according to EmberCN, when Worldcoin (WLD) launched, it lent a collective sum of 100 million WLD to five market makers to enhance liquidity. According to the terms, these market makers must either return the coins or buy them at a price ranging between $2 to...
FTX Hack Suspect Reactivates Wallet
Blockchain analytics firm Spot On Chain reported a significant movement in a crypto wallet associated with the historic FTX hack on September 30, 2023. The wallet, labeled 0x3e957, transferred 2,500 ETH (approx. $4.2 million) amidst the anticipation surrounding the...
Blockchain Technology Powers Brazil’s National Identity Card Issuance
Brazil initiates the use of blockchain technology in issuing the National Identity Card (CIN), enhancing the security of the new identity issuance process. The shared registration platform, developed by Serpro, facilitates secure data sharing between the Federal...
Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies
Ethereum's co-founder, Vitalik Buterin, in a blog post dated September 30, 2023, delved into the ongoing discourse around protocol enhancements concerning Layer 1 (L1) and Layer 2 (L2) solutions. Initially, Ethereum was driven by a minimalistic approach, focusing on a...
GFT and Thought Machine Partner to Drive Digital Transformation in U.S. Banking
Traditional financial institutions have arrived at a critical crossroads in the course of their digital transformation. They have built up a level of consumer trust that is on par with that of their digital-first rivals. As of the 28th of September in the year 2023,...
SEC Delays Decision on Spot Bitcoin ETFs Due to U.S. Government Shutdown Concerns
The Securities and Exchange Commission (SEC) of the United States has recently announced the postponement of its decision regarding several proposals for spot Bitcoin exchange-traded funds (ETFs). This decision impacts applications from well-known entities such as...
VanEck Announces Launch of Ethereum Futures ETF (EFUT)
VanEck, a renowned player in the financial markets, has unveiled its plans to launch the VanEck Ethereum Strategy ETF (EFUT). This actively managed exchange-traded fund is strategically designed to target capital appreciation through investments in Ethereum (ETH)...
Hong Kong Security Chief Vows to Hunt Down JPEX Crypto Scam Ringleaders
Key Takeaways * Hong Kong Security Chief Chris Tang Ping-keung vows to hunt down ringleaders of JPEX, a crypto platform involved in the city's largest alleged financial fraud. * Police have arrested 15 individuals and seized assets worth HK$85 million ($10.8 million),...
Marathon Digital Admits to Mining an Invalid Bitcoin Block
Key Takeaways * Marathon Digital Holdings confirmed mining an invalid Bitcoin block due to an internal bug during an experiment. * The mishap occurred on Sept 26, stressing Bitcoin's robust network security that rectified the anomaly. Marathon Digital Holdings...
SEC Extends Review Period for ARK 21Shares Bitcoin ETF
Key Takeaways * The U.S. Securities and Exchange Commission (SEC) extends the review period for the ARK 21Shares Bitcoin ETF proposal till January 10, 2024. * The delay follows the regulator's previous postponement, pushing the decision 240 days post the initial...
Neara Secures $24M Series B Boosting Utilities’ Resilience and Renewable Energy Integration
Key Takeaways * Neara clinches $24M in Series B funding, taking the total to $24M with a $10M extension led by Prosus Ventures on September 27, 2023. * The infusion will bolster Neara's AI-driven infrastructure modeling platform advancing natural disaster mitigation...
Coinbase CEO Criticizes Chase UK’s Crypto Transaction Ban
Key Takeaways * Brian Armstrong condemns Chase UK's decision to restrict crypto-related transactions * The move prompts dialogue with UK officials regarding the country's crypto policy * The ban poses challenges for Coinbase's expansion ambitions in the UK Brian...
OpenAI Enables Web Browsing for ChatGPT
Key Takeaways * OpenAI introduces web browsing capabilities for ChatGPT on September 27, 2023. * The feature is immediately available for Plus and Enterprise users. * OpenAI aims to address the existing knowledge gap in ChatGPT with this update. OpenAI, an...
Binance CEO Clarifies Details on CommEx Integration
Key Takeaways * CZ, Binance's CEO, provides clarifications on Binance's association with CommEX. * Cryptocurrency transfers between the platforms are in progress. * Binance's broader compliance strategy leads to its Russian operations' sale to CommEX. CZ's...
Paysafe Halts EUR Deposits for Binance Users: What You Need to Know
Key Takeaways * Paysafe Payment Solutions Limited discontinues EUR deposits for Binance users. * Affected users have until October 31, 2023, to convert EUR balances to USDT. * Multiple Binance services, including Spot Trading and Auto-Invest, impacted. Paysafe...
Metis Proposes Migration to Ethereum Mainnet for Enhanced Data Availability
Metis, a Layer 2 network built on Ethereum, announced a significant proposal on September 27, 2023. The proposal aims to migrate its data availability mechanism back to the Ethereum mainnet by switching from its current off-chain storage layer to its original...
CBDCs on the Rise: What the Decline of Physical Cash Means for Blockchain and Privacy
Key Takeaways * By 2028, only 9% of all payments are expected to be made in physical currency. * Central Bank Digital Currencies (CBDCs) are under development, but their design raises questions about privacy and personal freedom. * Critics argue that digital payment...
Decoding Paradigm’s Vision: Cryptocurrency as the Next Tech Revolution
Key Takeaways Paradigm's recent article discusses the growing adoption and potential of cryptocurrency. Matt Huang, co-founder of Paradigm, uses the metaphor of a "new planet" to describe the crypto landscape. Crypto KOL Splin Teron offers an analysis of Paradigm's...
Gemini Allocates $24 Million for Expansion in India
Key Takeaways Gemini plans to invest INR 200 crore ($24 million USD) in India over the next two years. The investment aims to grow Gemini's development center in Gurgaon, focusing on core platform fundamentals. India's robust startup ecosystem and...
Enabling Innovation in Asset Management: SFC’s Approach
Key Takeaways Christina Choi, Executive Director of Investment Products at the Securities and Futures Commission (SFC), spoke at the Bloomberg Buy-Side Forum Hong Kong 2023. Choi emphasized the role of technology, particularly AI and blockchain, in...
Breaking: Binance Sells Russian Operations to CommEX, Exits Market
Key Takeaways Binance to sell its entire Russia business to CommEX Off-boarding process for existing Russian users to take up to one year Binance cites compliance strategy as the reason for exit Binance, the world's largest cryptocurrency...
Co-Founder of AirBit Club Sentenced to 12 Years for Cryptocurrency Ponzi Scheme
Key Takeaways Pablo Renato Rodriguez, co-founder of AirBit Club, sentenced to 12 years in prison. Rodriguez and co-defendants ordered to forfeit approximately $100 million in assets. Co-defendants await sentencing; previous involvement in pyramid...
Taiwan’s Major Crypto Exchanges Form Association to Align with Upcoming Regulations
Key Takeaways Taiwan's leading crypto exchanges form an industry association ahead of new regulations. The association aims to facilitate dialogue with regulators and integrate the crypto industry. Nine exchanges are currently part of the preparatory...
Web3 Security Losses Skyrocket to $889.26M in Q3 2023, Says Beosin Report
Key Takeaways Web3 security losses in Q3 2023 escalate to $889.26M. North Korean APT group Lazarus emerges as a significant threat, responsible for over $208M in thefts. Ethereum remains the most targeted blockchain, with losses totaling $227M. Alarming Surge in Q3...
Taiwan Regulates Crypto Exchanges, Bans Unregistered Foreign Operators
Key Takeaways Taiwan's Financial Supervisory Commission (FSC) releases new guidelines for Virtual Asset Service Providers (VASPs). Foreign VASPs are prohibited from operating in Taiwan without proper registration. The guidelines were released on...
He Yi Discusses Binance’s Regulatory Strategy Amid Actions Against Binance and Zhao Changpen
Key Takeaways He Yi's public letter provides insights into Binance's stringent compliance measures like KYC, EDD, WCK, and POA. Binance is under investigation by the U.S. Department of Justice's national security division as of May 6, 2023, adding to a...
Mixin Network Urges Hacker to Return Funds, Offers $20M Bug Bounty
Key Takeaways Mixin Network was hacked, resulting in a loss of $200 million in user assets. The company has left a message for the hacker, offering a $20M bug bounty for the return of the assets. The transaction was confirmed on block 18225451, with a...
R3 Highlights the Transformative Potential of Tokenization in Finance
The Promise and Challenges of Tokenization Tokenization, the process of converting real-world assets into digital tokens on a blockchain, is poised to revolutionize the financial industry, according to R3. It promises benefits such as access to new markets, product...
Japan’s JCBA Submits Initial Proposal for IEO Regulatory Reform to JVCEA
Key Takeaways JCBA (Japan Cryptocurrency Business Association) submits initial proposal for IEO (Initial Exchange Offering) regulatory reform to JVCEA (Japan Virtual Currency Exchange Association). The proposal outlines four key agendas aimed at stabilizing the IEO...
Citcon Partners with Cash App Pay and Afterpay to Enhance E-commerce Payment Solutions
Key Takeaways Citcon announces a strategic partnership with Cash App Pay and Afterpay. The collaboration aims to provide e-commerce businesses with a range of payment options. Merchants can integrate these payment methods with minimal effort and benefit from a...
MicroStrategy Acquires Additional 5,445 Bitcoins, Total Holdings Reach 158,245 BTC
Key Takeaways MicroStrategy purchases 5,445 more Bitcoins for approximately $147.3 million. The company now holds a total of 158,245 Bitcoins, acquired at an average price of $29,582 per Bitcoin. The acquisition comes amid a period of relative price stability for...
Amazon Invests $4 Billion in AI Startup Anthropic for Advanced Foundation Models
Key Takeaways Amazon to invest up to $4 billion in Anthropic. Anthropic gains access to AWS Trainium and Inferentia chips. Amazon acquires a minority stake in Anthropic; governance remains unchanged. Collaboration aims to advance AI safety and research. Strategic...
Legal Team Requests Temporary Release of Samuel Bankman-Fried for Upcoming Trial
Key Takeaways Samuel Bankman-Fried's legal team has submitted a letter to Judge Lewis A. Kaplan, requesting temporary release for their client. The request is based on the need for adequate preparation for the upcoming trial, citing the case's complexity. The letter...
SEC Raises Objections to Celsius Network’s Restructuring Plan Involving Coinbase
Key Takeaways SEC files limited objection against Celsius Network's restructuring plan. Concerns raised over the company's proposed engagement with Coinbase. SEC's ongoing lawsuit against Coinbase cited as complicating factor. Next bankruptcy court hearing scheduled...
Bankless: Solana’s Resilience and Prospects Amid Market Challenges
Key Takeaways Solana has recovered from a 93% market capitalization drop in 2022, showing a resurgence of ~111% year-to-date. Priority fees and network upgrades have improved Solana's uptime to 100% in 2023. The ecosystem is diversifying with new use-cases like...
HK SFC Details JPEX Probe; CEO Affirms Hong Kong’s Web3 Commitment
Key Takeaways Hong Kong's Securities and Futures Commission (SFC) has provided details on its investigation into the unlicensed virtual asset trading platform JPEX. Over 2,000 people have reported being defrauded by JPEX, involving more than HKD 1.4 billion. SFC CEO...
BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees
Key Takeaways BNB Chain and MetaMask have resolved a glitch that made opBNB's gas fees appear unusually high. The issue was due to MetaMask's default minimum recommendation price for gas, which was not aligned with opBNB's lower gas fees. The corrected algorithm now...
South Korea Targets Crypto Major Shareholders with Proposed Financial Law Amendment
Key Takeaways South Korean lawmaker Yoon Chang-hyun proposes an amendment to scrutinize the criminal records of major shareholders in crypto businesses. The Financial Intelligence Unit (FIU) is also focusing on the eligibility of major shareholders. The amendment aims...
Crypto.com’s $10.5 Million Mistake Leads to Legal Fallout for Australian Couple
Key Takeaways Crypto.com mistakenly transferred $10.5 million AUD to Thevamanogari Manivel's bank account in May 2021. The error was discovered in December 2021 during an annual audit. Manivel has been sentenced to an 18-month community corrections order, while her...
Alipay Facilitates First Digital Cauldron Lighting in Asian Games History
Key Takeaways Alipay, the Official Prestige Partner of the Hangzhou Asian Games, enabled over 100 million digital torchbearers to participate in the first-ever digital cauldron lighting. The digital torchbearer program was part of the Smart Hangzhou 2022 platform....
Suspicious Transactions Linked to Mixin Network Hack Involve Huobi and Binance
Key Takeaways Internal investigation by Cyvers Alerts reveals suspicious transactions involving Mixin Network hacker addresses. Two hacker addresses received 51 ETH from an account that interacted with Huobi Global and Binance. Calls for Huobi Global, Binance, and CZ...
ChatGPT Predicts Solana SOL Price Could Reach $30 Again by the End of 2023
We leveraged our partner's ChatGPT and AI machine learning technologies to predict Solana's future, identifying potential trends for its native SOL token. At present, SOL is trading at less than a tenth of its all-time high of $260, suggesting it may be both oversold...
SlowMist Reports Surge in Diverse Crypto Security Incidents for the Week of September 17-23, 2023
Key Takeaways Total security incidents reported: 7 Estimated financial loss: Approximately $380,600 Notable trend: Increase in phishing attacks and rug pull tactics New attack methods: DNS hijacking, contract vulnerability, and phishing attempts Breakdown of Incidents...
Mixin Network Suffers $200 Million Hack
Key Takeaways Mixin Network's cloud service provider database was attacked on September 23, 2023, resulting in a loss of approximately $200 million. Blockchain security firm SlowMist is assisting in the ongoing investigation. Deposit and withdrawal services on Mixin...
What is ChatPDF? | Blockchain News
Introduction ChatPDF is a specialized platform that utilizes ChatGPT technology to offer advanced PDF processing capabilities. Aimed at a diverse user base including students, researchers, and professionals, the service is engineered to summarize PDF content and...
ChatGPT Forecasts the Likelihood of Ripple XRP Reaching $1 in 2023
ChatGPT, an AI model developed by OpenAI, has recently offered insights into the likelihood of Ripple's XRP reaching the $1 milestone in 2023, with our prompts. While the analysis is data-driven, it's important to clarify that these are not financial recommendations....
Rollbit Shuts Down Degen EXchange and Rollbot.com Amid Regulatory Concerns
Key Takeaways Rollbit announces the closure of Degen EXchange and sister site Rollbot.com. The decision is attributed to "regulatory uncertainty and low adoption." $RLB functionality remains unaffected; the core product and NFT collections will continue. Regulatory...
JPEX Claims 70% of Voting Users Agree to Dividend Scheme; Lawmaker Warns of Debt Risks
Key Takeaways JPEX, a virtual asset trading platform, has initiated a DAO stakeholder dividend scheme. 70% of participating users have reportedly agreed to the scheme. Lawmaker Huang Junshuo warns that converting from creditors to shareholders could entail debt risks....
DWF Labs’ Andrei Grachev Fires Back at GSR Cristian Gil
Key Takeaways Andrei Grachev, head of DWF Labs, and Cristian Gil of GSR.io engage in a public Twitter feud. The exchange has led to discussions about the state of the crypto market and the role of market makers. A Twitter user suggests a "Crypto Fight Night" where the...
Fantom’s Evolution: From Technical Innovations to Ecosystem Expansion
Key Takeaways According to Messari's report, Fantom is a Layer-1 blockchain with smart contract capabilities, focusing on DeFi, NFTs, and gaming. The network uses an aBFT consensus mechanism and an EVM-compatible state machine. Despite market downtrends, Fantom has...
BTC Implied Volatility Drops Post-Weekly Expirations
Key Takeaways BTC implied volatility often decreases after weekly expirations. Samneet Chepal, a crypto derivatives quant trader, observed that 80% of the time, implied volatility (IV) drops 24 hours after Friday's 8 AM UTC expiry. The 'weekend effect' contributes to...
SEC Files Motion Against Terraform Labs and Luna Founder Do Hyeong Kwon
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has filed a motion against Terraform Labs PTE LTD. and Do Hyeong Kwon. The SEC is seeking permission to notice Do Hyeong Kwon's deposition or, alternatively, to preclude the defendants from using a...
Binance CEO CZ Draws on Eleanor Roosevelt Quote to Discuss Market Predictability
Key Takeaways CZ, the CEO of Binance, tweets about the unpredictable nature of markets. The tweet is adapted from a quote by Eleanor Roosevelt. The tweet garners significant attention, with over 355.8K views. Contextualizing Market Unpredictability Changpeng Zhao,...
FTX Customer Claims Portal Update: How It Affects Derivative Positions and USD Balances
Key Takeaways The Customer Claims Portal has been updated to provide more transparency on derivative positions. The initial and amended customer claims schedules filed on March 15, 2023, and June 27, 2023, respectively, differ in how they handle open derivative...
NYDIG Report: Bitcoin Volatility Expected Around ETF Dates, Mt Gox Delays, and Fed Rate Impacts
Key ETF Dates Stir Volatility Expectations in Options Market The options market is signaling potential significant price movements in bitcoin around crucial ETF dates, according to NYDIG weekly report. The forward volatility of at-the-money (ATM) options from October...
Reuters: Federal Reserve Announces Job Cuts
Despite public reassurances about the robustness of the U.S. economy, the Federal Reserve is preparing to downsize its workforce, according to Reuters. The central bank has confirmed plans to eliminate approximately 300 positions by the end of this year. This decision...
NCR Corporation Announces Details of Upcoming Separation
NCR Corporation (NYSE: NCR) has disclosed further details concerning its previously announced separation of its ATM-focused businesses, including Self-Service Banking, Payments & Network, and Telecommunications and Technology sectors. The separation will involve...
SEC Charges Citadel Securities Over Short Sale Regulation Violations
The U.S. Securities and Exchange Commission (SEC) has announced settled charges against broker-dealer Citadel Securities LLC for non-compliance with Regulation SHO, a framework aimed at curbing abusive short selling practices. The regulation mandates broker-dealers to...
Polygon Labs Proposes Celo’s Transition to Ethereum L2 Using Their Chain Development Kit
Polygon Labs has officially proposed a technical upgrade for Celo, suggesting its transition from an independent EVM-compatible L1 to an Ethereum L2. This proposal was made public on September 21, just 9 hours after its initial announcement by SandeepN. The Proposal...
OpenAI Announces Call for Experts to Join its Red Teaming Network
OpenAI has initiated an open call for its Red Teaming Network, seeking domain experts to enhance the safety measures of its AI models. The organization aims to collaborate with professionals from diverse fields to meticulously evaluate and "red team" its AI systems....
Ethereum Developers Discuss Upcoming Testnet and Upgrade Plans
On September 21, 2023, Ethereum's All Core Developers Consensus (ACDC) call #118 was held, as detailed in a write-up by Christine Kim from the Galaxy Research Team. The bi-weekly ACDC calls, chaired by Ethereum Foundation Researcher Danny Ryan, are pivotal for...
Bitmain Commits $54 Million Investment in Core Scientific, Inc. Amid New Supply Contract
At the World Digital Mining Summit, Core Scientific, Inc. (OTC: CORZQ), a North American leader in blockchain computing data centers and software solutions, disclosed a significant investment from Bitmain, the globally recognized manufacturer of digital currency...
Coinbase Addresses Zcash Mining Centralization Concerns
Coinbase's Blockchain Security Team recently identified a significant shift in the Zcash network's hash power distribution. A single mining pool, ViaBTC, was found to control over 51% of the network's computational power, raising concerns about potential security...
EJF Capital Secures $104 Million for EJF Ventures Fund
EJF Capital LLC, a global alternative asset management firm based in Arlington, Virginia, has successfully closed its EJF Ventures Fund LP with capital commitments amounting to approximately $104 million. The fund garnered support from both new and returning...
Exclusive Interview With Agoric Director of Developer Relations
In the rapidly evolving world of blockchain and decentralized applications, Agoric stands out as a beacon for developers looking to transition from Web2 to Web3. But what exactly is Agoric, and why is it making waves in the developer community? In this exclusive...
Crypto Innovations and IBM’s Role in the Evolving Payments Landscape
As the world of finance undergoes rapid digital transformation, the introduction of novel payment methods, including cryptocurrency and the much-anticipated Central Bank Digital Currencies (CBDC), is reshaping the industry. Prakash Pattni, in his recent analysis,...
UK’s 2023 Economic Outlook Report: Inflation Surges, Growth Adjusted Downward
The latest report on the UK's economic forecast for 2023 reveals several pivotal shifts in the nation's financial landscape. Here's what you need to know: GDP Growth The UK's projected GDP growth for 2023 has been adjusted downwards to 2.8%, a dip from the previously...
NGMI (Not Gonna Make It): A Comprehensive Overview
Definition "NGMI" is an acronym that stands for "Not Gonna Make It." Predominantly used within the cryptocurrency and blockchain communities, it refers to individuals, projects, or decisions perceived as unlikely to succeed, often due to hasty or uninformed choices....
OKX Joins Forces with Solana Mobile
Crypto exchange OKX has entered into a partnership with Solana Mobile. This alliance will see the OKX app becoming a part of the dApp store on the Solana Saga smartphone. With this integration, the OKX app is among the early exchange applications available on the...
WisdomTree to Liquidate Five ETFs by October 20, 2023
WisdomTree, Inc. (NYSE: WT), a prominent global financial entity, has declared its intention to close and liquidate five of its ETFs. The ETFs in question will cease accepting creation orders after October 20, 2023, marking the same day as their final trading day on...
Global Cryptocurrency Exchange Platform Market to Hit $110.12 Billion by 2028
The global cryptocurrency exchange platform market is poised for substantial growth, with projections indicating a rise from $45 billion in 2023 to $110.12 billion by 2028. This represents a Compound Annual Growth Rate (CAGR) of 16.08% over the period from 2022 to...
Citi Forecasts Major Shifts in Cross-Border Payments Landscape
Key Takeaways An anticipated surge in cross-border payments, with the value set to rise from nearly $150 trillion in 2017 to over $250 trillion by 2027, marking an increase of over $100 trillion within a decade. The Bank of England's estimation aligns with this...
Coinbase Completes Tender Offer for 3.625% Senior Notes Due 2031
Coinbase Global, Inc. has announced the conclusion of its cash tender offer for its 3.625% Senior Notes due 2031. The offer, which aimed to purchase up to $180.0 million of the notes, excluding accrued and unpaid interest, expired at 11:59 p.m., New York City time, on...
Recharge Capital Appoints Former Bridgewater Associates Singapore Executive, Margaret Wang, as Managing Partner
Recharge Capital, a prominent $6B thematic-first private investment firm, has announced the appointment of Margaret Wang, previously the Executive Director and Head of Bridgewater Associates Singapore, as its new Managing Partner. Wang's primary focus will be on...
Citi Unveils Digital Asset Solutions with Blockchain Integration
Citi Treasury and Trade Solutions (TTS) has launched its new digital asset service, Citi Token Services, aimed at enhancing cash management and trade finance for institutional clients. This innovative service leverages blockchain and smart contract technologies,...
Optimism Announces Third Airdrop Allocations
On September 19, 2023, Optimism, a Ethereum Layer 2 solution, unveiled details of its third airdrop, termed "OP Airdrop #3" on Twitter. The announcement confirmed the allocation of 19 million OP tokens to 31,870 distinct addresses. This move is an effort to...
Unchained Partners with Build Asset Management for Bitcoin-Backed Credit Fund
Unchained, a prominent financial service provider for bitcoin holders, has unveiled a strategic partnership with Build Asset Management, the sponsor of Build Secured Income Fund I. This collaboration is set to focus on investments in Unchained loans. Joe Kelly,...
Binance Launches Referral Promotion for African Users with 17,500 USDT in Token Voucher Rewards
Binance has rolled out a new referral scheme targeting users in the Africa region. The promotion, which runs from September 18, 2023, 11:00 (UTC) to October 2, 2023, 11:59 (UTC), offers participants a chance to share a total reward pool of 17,500 USDT in token...
Aptos Introduces Move Analyzer Plugin for Visual Studio Code
Aptos Network announced the release of its new plugin, the "Aptos Move Analyzer," for Microsoft Visual Studio Code (VS Code) on 16th September 2023. This plugin aims to enhance the development experience for users of the Move programming language. The Aptos Move...
Naspers and Prosus Undergo Key Leadership Transition
Global consumer internet group Prosus (AEX and JSE Share Code: PRX) and its majority owner, Naspers Limited (JSE: NPN), have announced a significant change in their executive leadership. Bob van Dijk, who has been at the forefront as the CEO and Board member of both...
Polkadot’s Chinese Arm, PolkaWorld, Pauses Operations Amid Funding Controversies
PolkaWorld, the Chinese community for Polkadot, recently announced a halt in its operations due to the rejection of its proposal. This marks the first time in its four-year history, since its inception in 2019, that it has had to pause. The changes leading to this...
What is Forefront AI? Everything You Need to Know!
Introduction Forefront AI is a software platform that acts as a service aggregator, primarily integrating advanced natural language processing (NLP) capabilities from ChatGPT and Claude. The platform enhances these foundational services by adding unique features,...
Paolo Ardoino: Tether Tests New Bitcoin Mining Platform, Moria, with Enhanced Software Control
In a recent update from Paolo Ardoino, the Chief Technology Officer of Tether, it was revealed that Tether is in the testing phase of its new Bitcoin mining platform named Moria. The announcement, made via Ardoino's official Twitter handle on [Date], highlighted the...
Magic Eden Embraces Compressed Solana NFTs
Magic Eden, a leading figure in the NFT marketplace, has unveiled its integration of cNFTs, a pioneering form of NFTs that are exclusive to the Solana blockchain. The term "cNFT" is an abbreviation for "compressed NFTs", underscoring their unique capability to be...
AI Nude Generators: Technology, Tools, and Privacy Concerns
What is AI Nude Generator? An AI nude generator is a sophisticated software application that utilizes artificial intelligence, specifically deep learning models, to digitally "undress" images of individuals. By processing input images, these generators can simulate a...
EY Unveils AI Platform EY.ai After a US$1.4 Billion Investment
The global EY organization has officially announced the launch of EY.ai, a comprehensive platform designed to facilitate the confident and responsible integration of artificial intelligence (AI) into businesses. This initiative is the result of an 18-month development...
CFG Scale in Stable Diffusion: A Comprehensive Analysis
Introduction The CFG Scale, standing for Classifier-Free Guidance Scale, is a pivotal parameter within the Stable Diffusion model. It dictates how closely the generated image mirrors a user's prompt or input image. This tool acts as a fulcrum, enabling users to find...
Core Scientific and Celsius Mining Settle Litigation with Texas Data Center Purchase Agreement
Core Scientific, Inc. (OTC: CORZQ), a prominent player in blockchain computing data centers and software solutions, has entered into an agreement with Celsius Mining LLC, a Bitcoin mining subsidiary of Celsius Network. The deal involves the sale of Core Scientific's...
Japanese Startups Can Now Raise Funds Using Cryptocurrencies
In a recent move to diversify funding methods for startups, the Japanese government has announced regulatory relaxations allowing startups to raise capital through cryptocurrencies, according to Nikkei. This decision comes as part of Japan's efforts to catch up with...
dYdX Founder Foresees 100x Growth in DeFi Derivatives
In a recent tweet, Antonio Juliano, the founder of dYdX, shared his vision for the future of decentralized finance (DeFi) derivatives. Antonio stated, dYdX will lead the growth of DeFi derivatives towards the next 100x. We don’t plan to branch out to other...
CZ Comments on Binance US CEO’s Departure
In a tweet that recently caught the public's eye, Binance's founder, CZ, provided insights into the leadership changes at Binance US. He verified that Brian Shroder, who led Binance US for the last two years, is taking a break. CZ highlighted Shroder's instrumental...
Is Character AI Safe? An In-Depth Analysis
The rise of artificial intelligence has brought forth a myriad of tools and platforms, one of which is Character AI. According to a16z, CharacterAI is ranked 2nd in the top 50 GenAI web products, trailing only ChatGPT. It's a prominent companion platform to ChatGPT,...
Even Mark Cuban Isn’t Immune: CZ’s Essential Guide to Fortifying Your Crypto Assets
In a recent tweet, Changpeng Zhao (CZ), the CEO of Binance, highlighted the vulnerability of even the most seasoned crypto users, referencing the recent incident where entrepreneur Mark Cuban confirmed he was hacked for $870,000 on MetaMask. CZ emphasized the...
BNB Chain Introduces Web3 Verification Tool
In a recent development, BNB Chain has taken a proactive step to combat the increasing threats posed by malicious entities in the Web3 space. On September 14, 2023, the organization announced the launch of a verification tool designed to help users identify and...
Alpha Season 3 Unveiled: My Neighbor Alice Enhances the Gaming Experience
My Neighbor Alice announces the relaunch of Alpha Season 3 to simplify players' access to the game and NFTs. STOCKHOLM-– SEPTEMBER 14, 2023 – My Neighbor Alice, the leading blockchain gaming and NFT company, announces the integration of Venly. This...
Citi Joins BondbloX Bond Exchange as First Digital Custodian
Citi Securities Services announced its pioneering role as the first digital custodian participant on the BondbloX Bond Exchange (BBX). BBX, which was introduced in 2020, is recognized as the world's inaugural fractional bond exchange utilizing advanced distributed...
Banks Embrace Tech to Navigate Economic and Cyber Challenges, ISG Highlights
In an era marked by economic disruptions and cyber threats, global banking and financial services (BFS) firms are increasingly leaning on technology. Their goal? To bolster customer experience and navigate the tumultuous landscape, as outlined in a comprehensive...
Unstable Diffusion: What Does It Truly Mean?
Introduction Unstable Diffusion stands out as the NSFW (Not Safe For Work) counterpart to Stable Diffusion, offering an unrestricted avenue for generating images from text prompts. Comparable to platforms like ChatGPT NSFW and the hypothetical DAN (Do Anything Now)...
a16z: Top 50 Generative AI Revealed; ChatGPT, CharacterAI, Bard, Poe, QuillBot Rank Top 5
Generative AI (GenAI) has been making waves in the consumer space, with ChatGPT leading the charge. Nine months post its release, ChatGPT became the fastest consumer application to achieve 100 million monthly active users. But how are consumers engaging with other...
Circle Partners With Grab for Web3 Pilot in Singapore
Circle Internet Financial (Circle), a global fintech firm, is joining forces with Grab, Southeast Asia's leading super app, to pilot Web3 customer experiences in Singapore. This collaboration will see the integration of Circle's new Web 3 Services platform directly...
SEC Charges Stoner Cats Over NFT Offerings
The U.S. Securities and Exchange Commission (SEC) has taken action against Stoner Cats 2 LLC (SC2), accusing the firm of conducting an unregistered crypto asset securities offering. The offering, which took place in the form of non-fungible tokens (NFTs), was intended...
KuCoin’s Emphasis on Self-Regulation and User Security Highlighted at TOKEN2049
Alicia Kao, the Managing Director of KuCoin, recently participated in the TOKEN2049 panel, shedding light on the evolving challenges and prospects that cryptocurrency exchanges are likely to encounter. During the discussion, Kao underscored the significance of...
Commissioners Dissent on SEC’s NFT Enforcement Action on Stoner Cats 2, LLC
Commissioners Hester M. Peirce and Mark T. Uyeda of the Securities and Exchange Commission (SEC) have expressed their dissent regarding the Commission's recent enforcement action on Stoner Cats 2, LLC's non-fungible token (NFT) settlement. This marks the second time...
Binance Revamps Fiat Liquidity Provider Program with New Eligibility Criteria and Incentives
Crypto Exchange Binance has announced updates to its Fiat Liquidity Provider Program, slated to come into effect from 25th September 2023 at 00:00 (UTC). The newly introduced changes emphasize a shift in the program's review mechanism and incentives offered to...
Central & Southern Asia Lead in 2023 Crypto Adoption, Chainalysis Reports
Central and Southern Asia are emerging as dominant regions in the global grassroots adoption of cryptocurrencies, according to the 2023 Chainalysis Global Crypto Adoption Index released on September 12. Chainalysis, in its fourth annual Global Crypto Adoption Index,...
Cosmos Hub Introduces New Liquid Staking Module and Dashboard Features
Cosmos (ATOM) Hub, an integral blockchain within the Cosmos Network, announced the successful completion of its v12 upgrade. The update introduces the Liquid Staking Module (LSM) that allows ATOM token holders to bypass the previously mandated 21-day unbonding period...
Polygon Solutions to Ethereum Scaling Challenges: An Overview
According to official blog of Polygon Labs, Ethereum's scaling problem isn't a new conundrum, with its history being almost as ancient as Ethereum itself. What makes Ethereum uniquely robust is its steady evolution, ensuring the chain's safety and decentralization....
BNB and Optimism Synergy: opBNB Mainnet Launches with a Vision for a Billion Web3 Users
The highly anticipated opBNB Mainnet has gone live on September 13, 2023. Founded on the pillars of scalability, security, and cheaper transaction fees, opBNB's inauguration is poised to bring another one billion users into the realm of Web3. opBNB is distinguished as...
Galaxy Asset Mgmt Secures FTX Crypto Sale Bid; Weekly Cap Set at $50M
Key Takeaways Galaxy Asset Management winning the bid. The court-approved sale of FTX's crypto assets. The capped sale of $50 million per week. Jeff Dorman, CFA and CIO of Arca, shares updates regarding the court-approved sale of FTX's crypto assets. Contrary to...
Coinbase to Integrate Bitcoin’s Lightning Network: A Deep Dive
Coinbase has announced a significant move that could revolutionize Bitcoin transactions. CEO Brian Armstrong took to Twitter to reveal that Coinbase plans to incorporate the Lightning Network (LN), a secondary payment layer aimed at boosting Bitcoin's transaction...
Coinbase Suspends Trading on 41 Non-USD Pairs
On September 13, 2023, Coinbase Exchange affirmed its decision to suspend 41 non-USD trading pairs. The list encompasses the following: ALCX-USDT, BIT-USDT, BOBA-USDT, BOND-USDT, CLV-EUR, CLV-USDT CTX-EUR, CTX-USDT, DDX-USDT, DIA-EUR, DIA-USDT, DYP-USDT FARM-USDT,...
Chia Network Appoints Noor Menai to Board of Directors
Public blockchain provider, Chia Network, Inc. (“Chia”), known for its commitment to real-world adoption, announced the election of Noor Menai to its Board of Directors effective from today's date. Background on Noor Menai With an illustrious career spanning over 30...
OneCoin Co-Founder Sentenced to Two Decades in Prison Over Multibillion-Dollar Fraud
According to the U.S. Department of Justice (DOJ), Karl Sebastian Greenwood, co-founder of the infamous OneCoin cryptocurrency scheme, has been sentenced to 20 years in prison. The decision was handed down by U.S. District Judge Edgardo Ramos, following Greenwood's...
Swift’s CBDC Connector Enters Beta Testing with Global Central Banks
Swift, the world's leading provider of secure financial messaging services, has announced the beta testing of its innovative Central Bank Digital Currency (CBDC) interoperability solution. This move comes as part of Swift's ongoing efforts to bridge the gap between...
Will the Binance.US CEO’s Resignation Trigger a Domino Effect?
Staffing and Executive Changes Binance.US, the American subsidiary of the global cryptocurrency exchange, has recently undergone significant staffing changes. The company confirmed the departure of its president and CEO, Brian Shroder, who had joined the firm in...
Zodia Custody and Parity Technologies Forge Strategic Partnership for Polkadot Ecosystem
Zodia Custody, a leading digital asset custodian backed by shareholders such as Standard Chartered, SBI Holdings, and Northern Trust, has announced a strategic alliance with Parity Technologies, a software development company passionate about building an inclusive...
Ankr to Introduce Sei Blockchain RPC Connection
Ankr has revealed plans to augment its RPC service by integrating with the Sei blockchain. This development aims to facilitate developers keen on leveraging the Sei platform for the creation of swift and scalable decentralized applications (dApps). The integration...
Bitcoin will Reach $70,000 Soon if the Federal Reserve Cuts Rates
Arthur Hayes, BitMEX's ex-CEO, recently Suggested that a rate cut by the Federal Reserve could propel Bitcoin to the $70,000 mark, simultaneously rejuvenating the US banking sector. This assertion adds another layer to the ongoing debate among investors about the...
Solidus Labs Reports $2 Billion in Wash Trades on Decentralized Exchanges
Solidus Labs, a leading entity in crypto-native trade surveillance and risk monitoring, has recently unveiled that a minimum of $2 billion worth of cryptocurrency has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. This revelation is part...
Pahdo Labs Secures $15M Series A Funding led by a16z
New York-based game development studio, Pahdo Labs, has successfully raised $15M in a Series A financing round, according to its official blog. The round was spearheaded by Andreessen Horowitz (a16z) and saw participation from Pear VC, BoxGroup, Long Journey Ventures,...
Pepe Coin Shows Bullish Indicators After an 80% Decline
Pepe coin is displaying potential signs of resurgence, after a tumultuous period characterized by an over 80% drop in value and scandals involving insider trading and scams linked to its founder. Technical indicators across different time frames hint at a possible...
Hong Kong and Israel Central Banks Collaborate on Retail CBDC Prototype
The Hong Kong Monetary Authority (HKMA) has joined forces with the Bank of Israel (BOI) and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre to release a joint report on "Project Sela – An accessible and secure retail CBDC ecosystem". The...
Ethereum Layer 2: A Simplified Overview
Common Ethereum Layer 2 projects include Optimism, Arbitrum and zkSync. Tokens from some of these projects, such as ARB (Arbitrum) and OP (Optimism), have been available for trading. This article aims to explain the concept of Layer 2 in straightforward terms. As...
Biden-Harris Administration Secures AI Commitments from Major Tech Companies
In today's press release from the White House, the Biden-Harris Administration announced that it has secured voluntary commitments from eight more artificial intelligence (AI) companies to manage the risks associated with AI. This move builds upon the commitments from...
WOO Network Announces WOOFi’s Shift from Near Protocol to Ethereum EVM
WOOFi, a leading decentralized exchange platform owned by Woo Network, has announced its strategic shift from the NEAR Protocol to Ethereum Virtual Machine (EVM) compatible networks. This transition is aimed at the development of its version 2.0 omnichain DEX. WOOFi's...
Shiba Inu Upcoming Developments Revealed: Shibaswap 2.0, Shibahub, Bone, TREAT, Metaverse
Lucie, a core member of the SHIB Inu (SHIB) team, took to Twitter today to provide an overview of the forthcoming developments for the SHIB Inu ecosystem. The tweet has already garnered significant attention with over 4,000 views in a short span. Lucie listed the...
Eureka Entertainment and Astar Network Collaborate for “CoinMusme” Blockchain Game Development
Eureka Entertainment Ltd., led by CEO Takuya Tsuji, has officially declared a collaboration with Stake Technologies Pte. Ltd., under the leadership of CEO Sota Watanabe. The partnership aims to further the development of the blockchain game "CoinMusme." A significant...
Breaking: Coinbase, a16z, and Ledger Back New Texas Alliance Advocating for Clear Digital Asset Regulations
As the federal government grapples with establishing clear guidelines for digital assets, Texas emerges as a potential frontrunner in the crypto regulatory landscape. Today marks the launch of the Crypto Freedom Alliance of Texas, an entity committed to advocating for...
FTX’s Top 10 Crypto Holdings Revealed: SOL, Bitcoin, Ethereum, XRP, APT Lead the Pack
Sunil, recognized as the FTX Creditor Champion and a leading FTX Creditor Activist, has meticulously unveiled the digital asset holdings and customer claims associated with FTX. This includes its prominent entities FTX.com, FTX.US, and Alameda. As of August 24,...
dYdX Founder Addresses Community Concerns Regarding Token Inflation
Antonio, the founder of decentralized exchange dYdX, clarified the platform's stance on token inflation in a series of tweets today. He stated, There are no plans for additional token inflation to compensate validators on the dYdX Chain. He further...
OKX and Polygon Introduce Cryptopedia’s Seventh Season
OKX, in collaboration with Polygon, an Ethereum scaling and infrastructure development entity, unveiled the seventh iteration of Cryptopedia. Cryptopedia, OKX's platform, is tailored to facilitate crypto-centric education with an earning component, according to press...
BitTrade Announces First-Ever Domestic Listing of EOS
BitTrade, a registered cryptocurrency exchange in Japan, announced today that it will commence the handling of EOS, a cryptocurrency used within the decentralized application platform, starting from September 13, 2023, at 15:00 JST. This marks the first-ever domestic...
Animoca Brands Secures US$20M for Mocaverse Expansion
Key Takeaways Animoca Brands raises US$20 million in a funding round led by CMCC Global. Funds to be used for the Mocaverse project, focusing on Web3-native tooling for gaming, culture, and entertainment. Mocaverse to introduce Moca ID, a unique...
One Whale Trades Majority of Ethereum for Bitcoin
In the cypto world, the actions of significant players, often referred to as 'whales', can provide valuable insights into market sentiment. Just 8 hours ago, a notable crypto whale made a significant move by exchanging a large portion of their Ethereum holdings for...
This Week Unlocks: ApeCoin Surpasses $50M, Aptos Exceeds $20M; Moonbeam, Flow, and Lido in Queue
Data from Token Unlocks indicates that six cryptocurrency projects are set to release a significant number of tokens this week. Among these, ApeCoin (APE) and Aptos (APT) are poised for substantial unlocks. On September 11 at 08:00 (UTC), Moonbeam will release 9.7...
SushiSwap Expands to Aptos Network Ahead of Over $20 Million APT Unlocking Tomorrow
Decentrallized Exchange Sushi has announced its expansion to Aptos. Currently, SushiSwap is deployed on Ethereum, BNB Chain, Fantom, Arbitrum, and Polygon (MATIC). This move is noteworthy as it represents Sushi's inaugural venture onto a non-Ethereum Virtual Machine...
dYdX Semi-Annual Report: $1.5 Trillion Trading Volume with 12 Million Users
Key Takeaways dYdX's trading volume surges to $1.5 trillion in six months. The platform adds 2 million new users, totaling 12 million. 80% of trades now occur on Layer 2, with StarkNet integration playing a pivotal role. Active community...
Pepe Coin Hits Lowest Price Since Binance Listing
Pepe Coin (PEPE), deriving its theme from the popular Pepe the Frog meme of the early 2000s, registered a decline in its value today, reflecting the broader Bitcoin downturn. The Dynamics in Depth After its Binance debut on May 5, 2023, PEPE surged to its zenith of...
ZachXBT: Deceptive Promotions of Meme CBOT and BABYSHIB with Crypto Influencers Revealed
In a series of tweets, ZachXBT has brought to light alleged deceptive promotional tactics by certain crypto influencers surrounding the meme CBOT and Shiba Inu family BABYSHIB tokens. According to the revelations, ZachXBT was provided with specific wallet addresses by...
One Pepe Coin Whale Liquidates Holdings as Another Opens $PEPE Ethereum Pool
Whale 0x9da's Significant Swap In a notable transaction today, an early crypto buyer identified as 0x9da executed a significant swap of 452.911B $PEPE tokens for 194.31 Ethereum ($ETH) at a rate of $0.0000006961 per $PEPE, amounting to a total of $315K, according to...