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How DLCs Can Enable Defi Deposits and Fulfill Bitcoin’s Promise


Bitcoin embodies decentralization, security, and self-sovereignty. But today, financial transactions with Bitcoin require the use of custodians or bridges – a reliance on intermediaries that has led to disastrous losses numbering in the billions of dollars. Discreet Log Contracts (DLCs)...

Secret Network announces Decentralized Confidential Computing (DeCC) for Web3


Secret Network is engaged in efforts to implement decentralized confidential computing (DeCC) across the entire Web3, thereby enabling applications to utilize the decentralized capabilities of virtually any Blockchain.  Recently, the first mainnet Blockchain with private smart contracts, Secret...

Falcon Labs Settles with CFTC in Landmark Case Over Unregistered Status


The CFTC has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration. The post Falcon Labs Settles with CFTC in Landmark Case Over...

Sony Names PlayStation's New Bosses


Sony has named existing company veterans Hermen Hulst and Hideaki Nishino as the new heads of PlayStation. Hulst will take over and run a new Studio Business Group while Nishino is in charge of the Platform Business Group. The division of roles replaces former CEO of Sony Interactive Entertainment...

Bitfarms Fires CEO Geoffrey Morphy Following $27 Million Lawsuit


Bitfarms has ousted its CEO Geoffrey Morphy after he filed a $27 million lawsuit against the Bitcoin miner, the Toronto-based firm announced Monday. News of Morphy's ousting comes amidst decreased Bitcoin production values for public crypto mining companies following last month's halving event. The...

Report Reveals Chinese Workers Converting Earned CBDC To Cash


Workers in China are not very enthusiastic about the digital money issued by the nation's central bank (CBDC). According to a research published on May 13, several employees who receive their pay in digital yuan (e-CNY) quickly turned the asset into fiat money. The post Report Reveals Chinese...

Linea’s LXP Mint delayed due to Sybil activity surge


The release of Linea Voyage XP (LXP) tokens of Consensys’ approach to increasing the capacity of the Ethereum Virtual Machine, Linea, has slowed down, stemming from an increase in Sybil activity. This is the act of people setting up several accounts to acquire benefits undeservingly. As a result...

Lightning Labs successfully tests Bitcoin blockchain stablecoins


The developer of Bitcoin’s Lightning Network, Lightning Labs, has successfully tested a protocol intended to enable the issuance of stablecoins on the Bitcoin blockchain. Lightning Labs CEO Elizabeth Stark disclosed during her address at the Financial Times Crypto and Digital Assets Summit...

MoonPay Donates $1 Million To Stand With Crypto Ahead Of 2024 Elections


MoonPay is donating $1 million to digital advocacy group Stand With Crypto ahead of the 2024 elections, the company confirmed to Crypto News Monday. The crypto payment service provider's donation comes on the heels of news that Stand With Crypto has launched a PAC to dunk pro-crypto candidates...

Solana’s SEALANA Meme Coin Presale Gobbles Up $500,000


Monday, May 13, 2024 – He may not have left his bedroom since the dawn of Solana, but the brand new ICO for Sealana ($SEAL), the all-American redneck seal, has raised $500,000 in investments in its first fortnight. Although it was birthed on the Solana blockchain, Sealana is technically...

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