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Showing posts from December, 2023

EU Commission targets X over ‘dissemination of illegal content’

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X owner Elon Musk told advertisers to “go f--- yourself” on Nov. 29 after many left the social media platform in response to antisemitic content and a report on hate speech.

Can crypto mixers adapt to survive US authority prosecution?

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Cryptocurrency mixers face a dilemma between preserving financial privacy freedom or embracing increased compliance measures to avoid U.S. scrutiny.

Aurory’s USDC pool drained on Arbitrum’s DEX Camelot

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According to initial reports and on-chain data, the attack targeted Aurory's SyncSpace bridge, draining nearly 80% of the AURY-USDC pool's liquidity.

NFT Trader’s stolen Apes returned after bounty payment

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The hacker returned 36 BAYC and 18 MAYC after receiving a 120 Ether bounty payment from Yuga Labs co-founder Greg Solano.

ChatGPT shows geographic biases on environmental justice issues: Report

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In a recent study, it was found that the artificial intelligence (AI) chatbot ChatGPT has constraints in providing locally tailored information on environmental justice issues.

FTX debtors will assess values of crypto claims based on petition date market prices

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In a revised Chapter 11 plan of reorganization, FTX debtors state that crypto claims by customers will be assessed using a conversion table, with valuation based on the petition date.

NFT Trader hacked, millions of dollars in NFT stolen

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At least 13 Mutant Ape Yacht Club and 37 Bored Ape tokens were stolen, along with VeeFriends and World of Women tokens. The losses amount to almost $3 million.

Ethereum community adopts ERC-3643 as standard for compliant asset tokenization

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The ERC-3643 Ethereum Improvement Proposal reached its final stage, emerging as a recognized standard for tokenizing real-world assets.

Which world leaders have made big promises on crypto?

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From Nayib Bukele to Donald Trump, many current and former heads of state across the globe have used crypto and blockchain as political tools.

CoinList agrees to $1.2M settlement over apparent US sanctions violations

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The crypto exchange processed 989 transactions for users in Crimea from April 2020 to May 2022, according to the Office of Foreign Assets Control.

US accounting standards board rules will reflect institutional crypto assets' fair value

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The U.S. FASB has decided that crypto assets will be represented at their fair value in accounting beginning late next year.

Web3 chess game developer shutters play-to-earn due to ‘heavy cheating’

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Both in-game Checkmate token rewards and NFT gameplay modes will be disabled.

S&P Global launches stablecoin ratings, ranks GUSD, USDP, USDC highest

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The producer of the S&P 500 assessed eight stablecoins. Tether received the second-lowest rating.

Celestia to integrate with Polygon CDK for data availability in 2024

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Celestia will become an option for data availability within the Polygon CDK software.

FIFA launches NFT collection amid 2023 Club World Cup

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FIFA NFTs, minted on Algorand, have totaled only $2.4 million in trading volume since their inception last September.

Price analysis 12/11: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX

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Bitcoin’s sharp correction surprised investors, but is it a sign that further downside is in store?

Why is the crypto market down today?

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The crypto market is down today as the impact of large liquidations temporarily shakes the bulls’ confidence.

Celeb NFTs and cringy ads — Analysts share their signs of a Bitcoin peak

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With a major rally expected sometime in 2024, industry watchers have shared the top signals they look for to indicate when crypto has reached peak euphoria.

Blockchain is fueling this emerging tech hub in Portugal: Madeira Blockchain 2023

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The Madeira Blockchain Conference 2023 showcased startups exploring blockchain solutions for real-world problems across different industries.

Bitcoin inscriptions added to US National Vulnerability Database

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The United States National Vulnerability Database (NVD) flagged Bitcoin’s inscriptions as a cybersecurity risk on Dec. 9.

UK FCA crypto skills gap is causing slow enforcement, says National Audit Office

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The National Audit Office emphasized that it took nearly three years for the UK Financial Conduct Authority to address illicit activity in crypto ATMs across the country.

US gov’t removes two crypto AML rules from national defense bill

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The two provisions abolished from the National Defense Authorization Act centered around anti-money laundering (AML) issues linked to cryptocurrency.

DOJ unveils extensive monitorship over Binance operations

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Binance’s new compliance obligations include cooperation to grant U.S. authorities access to all documents, records and resources upon request.

Why is the crypto market up today?

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The crypto market is up today as U.S. macroeconomic data shows a strong economy and institutional inflows into crypto continue to rise.

Nirvana bassist Krist Novoselic led failed shareholder proposal asking Microsoft to study AI safety

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“Proposal 13” asked Microsoft to consider the potential for shareholder harm if its AI products created legal issues for the company over the long term.

Bitcoin price continues to drop, but how are pro BTC traders positioned?

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Data shows top traders futures’ Bitcoin long-to-short at the lowest level in 30 days, but what does this mean for BTC's short-term price action.

Why is Ether (ETH) price up today?

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Ethereum price is up today as network revenue skyrockets and ETH clears the $2,300 resistance.

Meta releases ‘Purple Llama’ AI security suite to meet White House commitments

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Meta believes that this is “the first industry-wide set of cyber security safety evaluations for Large Language Models (LLMs).”

‘If I was the government, I’d close it down’ — Chase CEO on crypto

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Jamie Dimon has previously referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as a “fraud.”

Michael Jackson on the blockchain, Web3 gaming trends in 2024: Nifty Newsletter

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Executives working in the gaming industry weighed in on potential Web3 gaming trends in 2024.

Price analysis 12/6: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, TON

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Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products.

New Jersey bill would make securities of crypto sold to institutional investors

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The bill complements one already on the governor’s desk that regulates digital assets owned by individuals.

Crypto-friendly US lawmaker Patrick McHenry won’t seek reelection in 2024

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All 435 seats in the U.S. House of Representatives will be up for grabs in the 2024 election, with the future of crypto bills in the House Financial Services Committee uncertain.

Here’s what happened in crypto today

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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

IBM says it will have hit a quantum computing ‘inflection point’ by 2029

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Big Blue’s roadmap says it’s on pace to execute 100 million gates over 200 qubits in 2029 before a 10x improvement by 2033.

Price analysis 12/4: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

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Altcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4.

What happened in crypto this weekend?

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Crypto industry figures are backing a judge’s threat to sanction the United States securities regulator in court, while the brothers behind the Platypus Finance hack are out free.

Safe Wallet scammer steals $2M through 'address poisoning' in one week

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A malicious actor behind at least $5 million in crypto theft through “address poisoning" significantly ramped up attacks against Safe Wallet users in the last week.

Bitcoin is of ‘national strategic importance’ says US Space Force officer

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U.S. Space Force Major Jason Lowery wants the U.S. military to prioritize the investigation of proof-of-work systems like Bitcoin for the country’s defense.

Bitcoin tops $40K for first time in 19 months, Matrixport eyes $125K in 2024

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Bitcoin has hit a 19-month high, and Matrixport predicts it will keep climbing well into next year.

Bitcoin's top of funnel is becoming less noisy, suggests Swan Bitcoin CEO

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According to Swan Bitcoin CEO Cory Klippsten, Bitcoin ETFs are set to replace the chaotic entry points tainted by flashy crypto marketing campaigns since 2017.

Coinbase market share grows outside US trading hours amid Binance saga: Report

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According to Kaiko Research, Bybit experienced a rise in market share around the clock, whereas Coinbase witnessed significant growth outside of the United States trading hours.

North Korean hackers have pilfered $3B of crypto over past six years: Report

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In 2022, North Korean hackers swiped crypto worth ten times more than the country earned from exports in 2021, according to US cybersecurity firm Recorded Future.

Terraform Labs and SEC lawyers spar over whistleblower in court: Report

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Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the matter go to trial.

Elon Musk says “digital god” will make AI copyright lawsuits irrelevant

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The billionaire mogul also claimed that OpenAI was lying about its training methods, but interviewer Andrew Ross Sorkin may have flubbed the question.

Price analysis 12/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

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Bitcoin price hit a new 2023 high on Dec.1 and multiple altcoins are following suit. Is the crypto market preparing for a Santa Claus rally?

Mastercard launches generative AI chatbot to help you shop online

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Digital personalization company Dynamic Yield by Mastercard was purchased from McDonalds in 2022.

Why is Bitcoin price down today?

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Bitcoin price is down today as U.S. regulators crack the whip on centralized exchanges and BTC retests the key $37,500 level.

IOTA makes 40%+ move after $100M ecosystem foundation announcement

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IOTA price saw a high volume surge that took the altcoin to a near 1-year high, but are there reasons to support further upside?

Solomon Islands, Soramitsu team up for Bokolo Cash CBDC proof-of-concept

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The Solomons join tiny island nations worldwide at the forefront of CBDC development. Soc A new CBDC joins the very large crowd.