Search
Blockchain-Based Ride Apps Could Restore Confidence in Ride-Hailing Industry, Says Firdosh Sheikh
10.2.2024
According to Firdosh Sheikh, the co-founder and CEO of DRIFE, blockchain-based ride-hailing platforms could disrupt and revolutionize the industry, much like Uber and Lyft did to the traditional taxi industry over the past decade. To support this argument, Sheikh, whose ride-hailing platform...
Coinbase States Americans Could Have Saved at Least $74 Billion Using Crypto
10.2.2024
Coinbase, a leading U.S. cryptocurrency exchange, claims that Americans could have saved at least $74 million in 2022 by leveraging crypto tech instead of using credit cards as payment options. In its latest State of Crypto report, Coinbase reveals how traditional finance system institutions keep...
Starkware to Launch ‘Cairo Verifier’ for Improved Layer 3 Scalability
10.2.2024
Starkware, in a collaboration with Herodotus Dev, is poised to launch the ‘Cairo Verifier,’ a system designed to verify cryptographic proofs on Starknet’s Layer two. This innovation aims to circumvent the Ethereum mainnet, offering a solution to the comparatively costly and slow...
Polygon Unveils ‘Type-1’ Prover Upgrade, Promising to Transform EVM Chains With Zero-Knowledge Proofs
10.2.2024
Polygon Labs has rolled out its latest innovation, the “Type-1 prover.” This upgrade could introduce a new era for Ethereum Virtual Machine compatible chains, enabling the generation of zero-knowledge proofs while ensuring transaction costs plummet. Polygon Unveils ‘Type-1’...
The Key to Making More Money During a Crypto ICO? Look Trustworthy, New Study Says
9.2.2024
A February 8 study from the Hanken School of Economics in Helsinki, Finland, has unveiled that a trustworthy appearance could boost investor funding in crypto initial coin offerings (ICOs) by an impressive 95%. For context, ICOs typically refer to the raising of capital required to launch a...
Hodlonaut Photo Incident Sparks Judge’s Livestream Warning in Wright-COPA Case
9.2.2024
On February 9, during a tense moment in the trial between Craig Wright, who claims to be the inventor of Bitcoin, and the Crypto Open Patent Alliance (COPA), presiding Judge Mellor issued a warning. The cause: a courtroom photo of Bitcoin influencer Hodlonaut was uploaded without authorization...
Former SEC Official Lambasts Voyager and Dallas Mavericks Partnership, Suggests NBA Ban on Crypto Sponsorships
9.2.2024
Yesterday, a former SEC official targeted the NBA’s decision to greenlight a partnership between the cryptocurrency exchange Voyager Digital and the Dallas Mavericks. The former internet enforcement chief for the Securities and Exchange Commission John Reed Stark said that the NBA should...
Ethereum’s Growth Could Spike With Increased Institutional Investments In First Half of 2024: Coinbase
9.2.2024
With a fresh analysis released on February 8, Coinbase’s research division shed light on the anticipated growth in Ethereum’s trading dynamics during the initial six months of 2024. Coinbase analysts highlighted growth points after the approval of spot Bitcoin (BTC) ETFs...
Arthur Hayes Argues for ‘Points’ System Instead of ICOs for Crypto Fundraising
9.2.2024
Due to growing regulatory challenges and concerns surrounding ICOs (Initial Coin Offerings) in the crypto industry, BitMEX CEO Arthur Hayes proposed a crypto ‘points’ system as an alternative on February 9. Hayes shared his latest idea in a blog post called ‘Points Guard,’ emphasizing...
New York Attorney General Triples Fraud Allegations Against DCG to Over $3 Billion
9.2.2024
New York Attorney General Letitia James has escalated the state’s legal action against Digital Currency Group (DCG), tripling the estimated size of the alleged fraud to over $3 billion. This development follows a prolonged investigation by James’s office, which uncovered additional...
Web3 Importance Highlighted in Alex Tapscott’s New Book
9.2.2024
A research report published by Spherical Insights & Consulting found that the global Web3 market size was valued at $1.82 billion in 2022. According to the report, this number is expected to reach $67.92 billion by 2032. Yet while the potential behind Web3 is massive, confusion remains when...
Hong Kong’s SFC Issues Warning on MEXC for Alleged Crypto Fraud
9.2.2024
Hong Kong’s Securities and Futures Commission warned the public of an allegedly fraudulent crypto exchange today. In an announcement published on its website, the SFC noted that an organization operating under the name MEXC was posing as a legitimate crypto exchange. MEXC’s Crypto Fraud...
Optimism to Halt ETH Withdrawals for Testing Upgraded Incident Response System
9.2.2024
On February 15, the Optimism network will suspend ETH token withdrawals to test an updated security response system. Withdrawals will not be possible for one hour, the developers said. According to the announcement, ETH withdrawals from Optimism’s Level-2 network to the main Ethereum network...
Australian Federal Court Rules Against Block Earner for Unlicensed Financial Services Conduct
9.2.2024
An Australian federal court has determined that fintech company Block Earner engaged in unlicensed financial services conduct by offering its crypto-backed Earner product. The Federal Court finds fintech company Block Earner engaged in unlicensed financial services conduct when offering...
Former British Finance Minister Denies Crypto Lobbying Allegations
9.2.2024
The UK’s former Chancellor of the Exchequer, Lord Philip Hammond, has denied allegations that he may have been illegally lobbying for crypto company Copper. Hammond currently Chairs the Switzerland-based crypto firm. He has had the appointment since January last year after first serving as...
Steven Waterhouse, CEO of Orchid Labs, on DePIN, AI, Decentralized VPNs, and Fighting for Internet Freedom | Ep. 307
9.2.2024
Cryptonews’ Matt Zahab recently sat down with Steven Waterhouse, CEO and co-founder of Orchid Labs, an open-sourced, decentralized marketplace for Internet services that aims to provide the building blocks for a better, freer Internet. In a wide-ranging, exclusive interview, the CEO discussed:...
Republican Senators Pen Scathing Letter to Gensler for “Unethical” Handling of DEBT Box Case
9.2.2024
A group of Republican senators criticized United States Securities and Exchange Commission (SEC) Chair Gary Gensler over the federal agency’s “unethical” handling of the DEBT Box case in a February 7 letter. Republican Senators Argue SEC’s Tactics Were “Unethical” Senators Cynthia Lummis (R-WY)...
Blockchain Industry Groups Call EIA’s Moves on Bitcoin Mining as ‘politically Motivated’
9.2.2024
Two blockchain industry groups have called the US Energy Department’s mandatory data collection from crypto mining operators as “politically motivated campaign.” Texas Blockchain Council president Lee Bratcher and Chamber of Digital Commerce CEO Perianne Boring presented an industry statement...
ETF History Made: BlackRock and Fidelity’s Bitcoin Launches Become the Talk of Wall Street
9.2.2024
Interest in market leading spot Bitcoin ETFs has exploded one month after launch, according to Bloomberg’s Senior ETF analyst Eric Balchunas. Balchunas posted a multi tweet thread on X crunching the numbers behind the newly launched Bitcoin investment products. BlackRock and Fidelity’s...
UN Expert Panel Investigate $3B Worth North Korean Crypto Cyberattacks: Report
9.2.2024
An independent United Nations jury of sanctions monitors is conducting a probe into North Korea’s involvement in $3 billion worth cyberattacks on crypto firms. According to an unpublished UN report reviewed by Reuters, the monitors accused the Democratic People’s Republic of Korea (DPRK)...