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Is Binance CEO Richard Teng Changing the Industry’s Messianic Narrative + More News
3.1.2024
Richard Teng. Source: a video screenshot, Bloomberg Television / YouTube Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Is Binance CEO Richard Teng Changing the Industry’s Messianic...
Global payment solutions are better with blockchain
3.1.2024
Ripple has hailed the way in which blockchain can be leveraged to settle international transactions. It has been said that IT service businesses will largely feel the positive impact. Per an estimate by Ripple, worldwide spending on IT services is expected to touch $1.5 trillion this year....
Record $1.1 Trillion in Crypto Exchange Volume Driven by Spot Bitcoin ETF Anticipation
3.1.2024
Source: Adobe The monthly spot trading volume on crypto exchanges exceeded $1 trillion in December 2023, marking the first time this significant volume level has been surpassed in over a year. According to data from compiled by The Block, the total exchange volume for the month reached a whopping...
NEAR brings together monolithic and modular blockchain scaling
3.1.2024
NEAR has announced that it is combining the capabilities of monolithic and modular blockchain scaling. Both are different when it comes to performing a set of four functions. Identified as vital functions, they must be performed to keep the ecosystem running. These are data availability, execution...
Wallet Drainers Make Off with $295 Million from 320,000 Users in 2023: Scam Sniffer
3.1.2024
Source: AdobeStock / Tomasz Bidermann Popular crypto phishing scams drained almost $300 million from 320,000 users in 2023 with figures increasing monthly as bad actors deploy sophisticated techniques. In a recent publication, cryptocurrency security firm, Scam Sniffers analyzed the market trends...
BRC-20 Marketplace, Creator Take Opposing Positions on Proposed Network Upgrade
3.1.2024
BRC-20 marketplace UniSat said it would follow a proposed fork in the network's token standard, which was met with opposition from Domo, the pseudonymous creator of BRC-20
Square Enix in 2024 Doubling Down on Blockchain, AI, and Metaverse Technologies
3.1.2024
Source: jp.finalfantasy.com The Japanese gaming giant Square Enix reaffirmed its plans to utilize blockchain, artificial intelligence (AI), and metaverse in creating novel content for consumers. The Final Fantasy publisher’s Representative Director and President, Takashi Kiryu, has written...
CoinDCX Clarifies Fraud Complaints Against Scam Crypto App Sharing its Name
3.1.2024
Source: Shutterstock The Delhi Police have initiated a cheating case against crypto app CoinDCX, following complaints from users about alleged bank fraud. However, India’s largest crypto exchange CoinDCX clarified that the fraud did not occur on their platform but rather on a fake...
Etherscan Acquires Solscan to Enhance Solana Ecosystem Analysis and User Experience
3.1.2024
Source: Pixabay Etherscan has successfully completed the acquisition of Solscan, a leading block explorer operating within the Solana ecosystem. The move is geared towards advancing the accessibility of blockchain data across various networks. The acquisition plan includes the integration...
Study: Only 6% of Crypto Exchanges Integrated the Lightning Network
3.1.2024
A new research study has partly attributed the growth in the use of bitcoin “as a transactional layer” to the increased number of crypto platforms that have joined the Lightning Network ecosystem. The study however found that just over 6% of centralized crypto exchanges have...
Radiant Capital Reports Exploit of $4.5 Million Ethereum Loss
3.1.2024
Source: Radiant Capital (Edited by Hongji Feng) Radiant Capital has confirmed a security breach in its network, leading to the theft of Ethereum valued at approximately $4.5 million. According to the blockchain security company PeckShield Inc., the hacker drained 1,900 Ethereum tokens within...
Ordinals Founder Casey Rodarmor Warns Bitcoin Maxis That ‘Whining’ Makes Them ‘Look Weak’
3.1.2024
Casey Rodarmor, the developer of the Ordinals protocol, has called out ideological Bitcoin maxis for their views on inscriptions and censoring transactions on the Bitcoin blockchain. Rodarmor stated that the “whining” around the protocol and its usage of block space make them...
Solana Surpasses Ethereum in 7-Day Stablecoin Trading Volume for First Time Ever
3.1.2024
Source: AdobeStock / Aleksandra Sova Layer 1 blockchain Solana (SOL) continues to make waves in the crypto community as it achieves several significant milestones. Over the past week, the network surpassed Ethereum (ETH) in 7-day stablecoin trading volume for the first time ever. According to data...
290,000 S Korean Public Sector Employees Forced to Declare Crypto Holdings
3.1.2024
Source: promesaartstudio/Adobe Around 290,000 South Korean public sector workers will be forced to declare their crypto holdings starting from February. Per Maeil Kyungjae, the Ministry of Personnel Management has declared that the rule will also apply to employees’ spouses and next of kin....
OKX Implements New Rules for UK Users in Compliance with FCA Regulations
2.1.2024
Source: AdobeStock / Iakov Kalinin The cryptocurrency exchange OKX is introducing rules for its United Kingdom-based users in response to recent regulations introduced by the UK Financial Conduct Authority (FCA). On January 2, OKX announced changes to its user experience for new and existing retail...
Crypto Voters are a Key Swing Bloc in 2024 Election, New Survey Finds
2.1.2024
Crypto voters could play a key role in swinging the 2024 election, a new survey from the Crypto Council for Innovation reveals. Shaping the 2024 electoral landscape The data reveals that while crypto votes would prefer a Democratic congressional candidate to a Republican one by just four points...
Grayscale Amends Bitcoin ETF Application, Excludes Authorized Participant Details
2.1.2024
Source: 24K-Production / Adobe Stock Grayscale, a prominent cryptocurrency asset management firm, has filed an amendment to its registration statement with the U.S. Securities and Exchange Commission (SEC). On January 2, Grayscale filed an amended Bitcoin exchange-traded fund (ETF) application with...
Square Enix Will Be ‘Aggressive’ With Using AI For Development, CEO Says
2.1.2024
It’s just two days into 2024 and a major video game company is already talking about its big AI plans. If you thought we were leaving AI discourse behind in 2023, I’m sorry to tell you that you were very, very wrong. A New Year’s letter from the current Square Enix president details the Final...
Tellor’s 13-Hour Meteoric Rise and Fall Raises Manipulation Suspicions
2.1.2024
Source: Adobe / neo A small-cap altcoin known as Tellor (TRB) experienced a 150% surge to a new all-time high above $600, only to witness a crash that erased all the gains within just hours on December 31, sparking suspicions of price manipulation. Citing blockchain data from Etherscan,...
Spot Bitcoin ETF Approval is Unlikely to Change Regulatory Environment in the US + More News
2.1.2024
Source: AdobeStock / 2024 Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Spot Bitcoin ETF Approval is Unlikely to Change Regulatory Environment in the US INX Says Customer Data and Funds...