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Illicit Virtual Asset Use On The Rise, U.S. Treasury Report Reveals
7.2.2024
The U.S. Treasury Department is seeing an increase in illicit crypto use according to a Thursday report. The department’s 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing report highlights that virtual assets are increasingly used by illicit...
Trump-Related Tokens Surge 100% Amid Widespread Appeal Amongst Americans
6.2.2024
Several Donald Trump-related tokens have experienced a 100% surge in price in the past 24 hours across various blockchains, following a February 6 announcement by Mechanism Capital. Mechanism Capital, an investment firm in the cryptocurrency industry focusing on decentralized finance, declared...
Fantom Reduces Validator Requirement to 50k FTM, Prioritizes Decentralization
16.1.2024
Source: Adobestock Fantom Network has announced a 90% reduction in validator requirements, taking the assets needed to run a self-staking node to 50,000 FTM from 500,000 FTM. The company wrote on X (formerly Twitter) about the new developments, informing its community of changes, reasons, and...
Distributed Validator Technology More Primed to Overcome the Ethereum Validator Overload Challenge – Alon Muroch
14.1.2024
While the Ethereum network’s migration to a proof of stake (PoS) consensus mechanism has seen the protocol become less energy-intensive, Alon Muroch, the founder of the SSV Network core team, said if the number of validators is not contained this can lead to a network overload. The Promise...
Green Bitcoin (GBTC) Lets You Earn Huge Rewards With Its Predict-To-Earn Mechanism
8.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. A burgeoning trend in the crypto market, known as Gameified Green Staking, has become the latest fascination for crypto enthusiasts. Green Bitcoin (GBTC) is the project at the forefront...
Is Terra Luna Classic Going to Zero? LUNC Price Drops 20% as Novel Mining Protocol Takes All the Attention
4.1.2024
Despite a tumultuous 2023, which saw Terra Luna Classic de-listed by major exchanges, LUNC has mounted a resounding come-back, yet, amid a -20% price drop – is Terra Luna Classic going to zero? Upside price action appears to have been invigorated by a quick-fire burn mechanism, that has been...
HKbitEX Collaborates with Shanghai Technology Exchange for Asset Tokenization Solutions
28.12.2023
  The Hong Kong-based digital asset exchange, HKbitEX, partners with Shanghai Technology Exchange to develop asset tokenization (RWA) solutions for tech companies, supported by China’s Ministry of Science and Technology and Shanghai municipal government. On December 28, in a significant...
Vitalik Buterin Proposes Simplified Ethereum Proof of Stake Design
28.12.2023
Source: DALL·E Ethereum co-founder Vitalik Buterin has proposed three alternative methods aimed at simplifying the Ethereum blockchain’s proof of stake design. This initiative, according to Buterin’s latest blog post, is intended to address a potential systemic complexity within...
Jack Dorsey’s Block Launches Bitkey: A New Self-Custody Bitcoin Wallet With No Seed Phrases
9.12.2023
Block, Inc. has recently introduced Bitkey, its innovative self-custody bitcoin wallet, offering a unique approach to bitcoin management. Unlike traditional wallets which rely on passwords or seed phrases, Bitkey utilizes a distinctive 2-of-3 multi-signature mechanism for recovery. Bitkey Wallet...
Is Celestia Going to Zero? TIA Price Pulls Back 5% as Bitcoin Mining Project Reaches $4.7 Million
4.12.2023
Despite a strong month by the new modular blockchain Celestia, TIA token price has tumbled -5% in pull back from resistance, but could this TIA alternative play offer better returns? This comes following the announcement that the TIA blockchain will integrate a layer-2 solution known as...
Hong Kong Securities Association is Considering an ‘ICO’ Issuance Mechanism
30.11.2023
Source: iStock/Onfokus The Hong Kong Securities & Futures Professionals Association, an influential industry trade group, has proposed the establishment of an initial coin offering (ICO) portal in the city. The suggestion was included in the group’s comments on the Hong...
Burn Alert: DEX Token $ETHETF Recovers +26% As Market Sentiment Flips Bullish Amid 21% Supply Burn
29.11.2023
Wednesday, November 29, 2023 – November’s breakout DEX token $ETHETF is rapidly approaching the 21% of total supply burn target, with 1,000,000 tokens burned today alone, as markets flip bullish – don’t miss out. ETH ETF token is making waves in DEX markets once again, as another...
Chainlink Expands Staking Accessibility Through v0.2 Release
28.11.2023
Source: Pixabay Chainlink has enhanced its native staking mechanism through the introduction of Chainlink Staking v0.2, featuring an increased pool size of 45 million. According to a press release on Tuesday, the initiation of the v0.2 upgrade will commence with a nine-day Priority Migration phase...
Vitalik Buterin Plans to Redesign Ethereum Staking, Praises UTXO Payment Model
27.11.2023
Source: ETHWORLD / YouTube In a recent interview with the NFT platform Defiant during his visit to Turkey, Ethereum co-founder Vitalik Buterin tackled the issue of staking centralization within the Ethereum network. Buterin highlighted the necessity to revamp Ethereum’s staking mechanism...
Ondo and Axelar Join Forces for Ondo Bridge
13.11.2023
Tokenized secure note issuer Ondo Finance and Web3 cross-chain platform Axelar came together Monday, November 13th to unveil Ondo Bridge, a cross-chain mechanism designed to facilitate easy transfers of Ondo tokens across blockchains. “A superior and safer yield-generating stablecoin”...
Sponge Price Poised For Breakout As Highly Anticipated Staking Mechanism Goes Live With Alluring Variable APY
3.11.2023
Friday, November 3, 2023 – As meme coin markets bounce back with a 4.53% rise in volume, Sponge token’s new staking mechanism has triggered a bullish posturing in the $SPONGE price chart. The strengthened position of the Sponge token price appears to have been triggered by renewed...
40 Countries Pledge to Combat Ransomware and Disrupt Cybercriminal Funding Through AI-Driven Blockchain Analysis
1.11.2023
A U.S.-led alliance comprising forty countries has committed to signing a pledge that they will never pay ransom to cybercriminals. The initiative, known as the International Counter Ransomware Initiative, is intended to eliminate the funding mechanism for hackers, Reuters reported, citing a senior...
9 factors to consider when choosing a blockchain consensus mechanism
10.10.2023
Both broad and narrow considerations come into play when choosing a blockchain project’s consensus mechanism
SEC Greenlights Nasdaq’s First AI-Powered Order Type
9.9.2023
The U.S. Securities and Exchange Commission (SEC) has approved a new artificial intelligence (AI)-powered order type for Nasdaq’s stock exchange. This marks the first AI order type approved for an exchange. Nasdaq says the latest technology aims to improve efficiency and performance on...
BRICS Expansion Will Speed Up De-Dollarization, Chinese Expert Says
20.8.2023
As more countries join the BRICS economic bloc, there will be a significant increase in settlements using national currencies, leading to an acceleration in the de-dollarization process, a Chinese expert says. “For most developing countries, development is a top priority. That is why the BRICS...