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Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy Shift
3.9.2024
Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive...
Yonsei University Joins Ripple’s UBRI to Advance Blockchain Research in South Korea
3.9.2024
Yonsei University in South Korea has joined Ripple’s University Blockchain Research Initiative (UBRI), becoming the 58th global partner and the 12th in the Asia Pacific region. This partnership aims to drive innovation in blockchain research across various disciplines, including artificial...
Changenow Partners With Privacy Token Zano to Expand Cryptocurrency Offerings
3.9.2024
Changenow has announced a strategic partnership with Zano Project, integrating the $ZANO cryptocurrency into its platform. This collaboration aims to expand the variety of digital assets available for exchange on Changenow, providing users with more options for seamless and secure transactions....
Dash Launches Evolution Platform, Ushering in a New Era of Decentralized Applications
3.9.2024
Dash has officially launched its Evolution platform, marking the biggest release in the cryptocurrency’s history. The Evolution chain is now live, producing blocks, executing data contracts, and sending files to decentralized storage. This platform, which began as a vision for blockchain-level...
Jailed Binance Employee Tigran Gambaryan Denied Wheelchair, Forced to Use Crutches
3.9.2024
Jailed Binance employee, Tigran Gambaryan, was denied the use of a wheelchair while entering court and had to use crutches, causing visible pain and distress. His lawyers filed a new bail application citing medical grounds and blocked access to him. The prosecution opposed the application, claiming...
Holy Bitcoin: Paraguayan Power Company Detects Illegal Crypto Mining Operation in a Church
3.9.2024
The National Power Administration of Paraguay (ANDE) recently detected an illegal bitcoin mining operation in an evangelical church. The church, which shared a power line with a nearby store, had established a connection before its power meter that was hidden within the same building. ANDE officers...
TON Blockchain Reaches 1 Billion Transactions
3.9.2024
The TON blockchain recently announced it has reached a milestone, registering a billion completed transactions on its network. Through its social media channels, the TON network team explained that half of this volume had occurred during the last three months. The project has benefited from...
Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction
2.9.2024
On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently...
India’s HDFC Bank Launches New UPI and CBDC Features
2.9.2024
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed...
Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months
2.9.2024
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted...
Russian Economy Sees Growth Despite Western Sanctions and Declining Imports
2.9.2024
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the...
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
2.9.2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with...
Gaming Blockchain Oasys Announces Partnership With Japanese Conglomerate SBI Holdings
1.9.2024
Oasys, a Web3 gaming-oriented blockchain project, announced a strategic partnership with SBI Holdings, one of the largest financial conglomerates in Japan. As part of this partnership, Oasys secured an undisclosed amount of funding to grow the liquidity of its token and expand the Oasys ecosystem....
Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute
1.9.2024
A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure to repay has severely impacted his finances...
Crypto Hacks and Scams Cost $300 Million in August
1.9.2024
In August, approximately $310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $10.3 million were recovered, resulting in a net loss of $300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had...
Tanzania Reportedly Blocks X Amid Opposition Crackdown
1.9.2024
The East African nation of Tanzania has reportedly restricted access to the social media platform X (formerly Twitter). This ongoing outage has been confirmed by Netblocks, an internet observatory organization. The incident coincides with a police alert regarding alleged plans by the opposition...
Trump’s World Liberty Financial Launches ‘Epic’ Meme Contest as Telegram Channel Hits 100K Members
31.8.2024
The Trump family’s decentralized finance (defi) venture, World Liberty Financial, which has been shrouded in secrecy for quite a while, has now revealed another development—the launch of an “epic meme contest.” The news broke on the social media platform X, where the World Liberty Financial...
Argentine President Javier Milei to Star in His Own Docuseries on X
31.8.2024
Argentine President Javier Milei recently announced that a series documenting his rise to power will premiere on X. The six-part limited series, titled “Milei – The Series,” will showcase the process Milei underwent to reach the Argentine presidency. It will feature...
PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
30.8.2024
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low...
Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report
30.8.2024
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing...